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Dumb blonde trading...

  • #101
  • Jan 31, 2008 3:37am Jan 31, 2008 3:37am
Ok,
looking to buy eur from 1.4770, sl 1.4686 (-84 risk)
Never say never.
  • #102
  • Jan 31, 2008 3:40am Jan 31, 2008 3:40am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
Ok,
looking to buy eur from 1.4770, sl 1.4686 (-84 risk)
why 1.4770, i'm not disagreeing, as i have various supports aroound that area +/- 10pips, just trying to understand your system, i'm still holding longs from 1.4600 and 1.4700.
  • #103
  • Jan 31, 2008 4:04am Jan 31, 2008 4:04am
Yeah,
Im not sure its going down that far, but whenever I say it isnt it does , and thats where my main trendline comes in, so if it goes below there I would say we are going down for a bit...to be honest Im not crazy about trading before NFP which is why Id rather err on the side of caution but here is what Im looking at, we could slow down in the 1.4820 area and go on up from there too...take care, Raz
Attached Image
Never say never.
  • #104
  • Feb 1, 2008 7:42am Feb 1, 2008 7:42am
@nfp numbers...
Never say never.
  • #105
  • Feb 1, 2008 7:53am Feb 1, 2008 7:53am
Well at least they look more in line than adp did... but no big moves on price... I suppose we are all now waiting on consumer sentiment in an hour or so... then we will get the nice move for the day while I am already off to work...

Quoting razldazl
@nfp numbers...
  • #106
  • Feb 3, 2008 8:22am Feb 3, 2008 8:22am
looking for better price...
Never say never.
  • #107
  • Feb 6, 2008 4:22am Feb 6, 2008 4:22am
Sold usdjpy @106.43, 280 units, will add 210 units at 106.15 if seen, sl at -84 now 107.27
Never say never.
  • #108
  • Feb 6, 2008 5:09am Feb 6, 2008 5:09am
Also tempted to short swissy from here, this is my chart, I am using TwoBlinks trendfans to come up with s-r areas. We have breached a trendline on the hourly and we may well come back to the earlier descending trendline...so my target would be in that area 100 pips below us...we will see
Attached Image (click to enlarge)
Click to Enlarge Name: swissy fan.gif Size: 17 KB
Never say never.
  • #109
  • Feb 6, 2008 5:13am Feb 6, 2008 5:13am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
Sold usdjpy @106.43, 280 units, will add 210 units at 106.15 if seen, sl at -84 now 107.27
I traded UJ last week for a winner, now looking to enter of the retracment and bounce from around 106.50, only just got to my charts so may have missed it. did you buy on the EU - i'm going to exit on next retracement as it looks to be going lower - damn

best of pips

MPP
  • #110
  • Feb 6, 2008 5:19am Feb 6, 2008 5:19am
Quoting MPP
I traded UJ last week for a winner, now looking to enter of the retracment and bounce from around 106.50, only just got to my charts so may have missed it. did you buy on the EU - i'm going to exit on next retracement as it looks to be going lower - damn

best of pips

MPP
Yeah I am not sure about eur for now...I have an AH a bit further up will leave it at that, lets see what becomes of jappy...the market is full of surprises these days,,,speak soon, Raz
Never say never.
  • #111
  • Feb 6, 2008 5:22am Feb 6, 2008 5:22am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
Also tempted to short swissy from here, this is my chart, I am using TwoBlinks trendfans to come up with s-r areas. We have breached a trendline on the hourly and we may well come back to the earlier descending trendline...so my target would be in that area 100 pips below us...we will see
Hi Raz
i thought swissy was gbpchf - not sure still learning the nick names

BTW for me that looks like bad timing, daily 8x13 long, 4h 13x100 pending (but may not get there) pos retracement to daily 100, that said in favour is the nice bounce of the 4h 200 inline with trend - never traded the pair so i'm on the cautious side and would have waited for the 13x100 rejection. lets hope you all over this one, i noticed you are using fib fans, so they may be much beter than my MA's. put it to test

MPP
  • #112
  • Feb 6, 2008 5:34am Feb 6, 2008 5:34am
Quoting MPP
Hi Raz
i thought swissy was gbpchf - not sure still learning the nick names

BTW for me that looks like bad timing, daily 8x13 long, 4h 13x100 pending (but may not get there) pos retracement to daily 100, that said in favour is the nice bounce of the 4h 200 inline with trend - never traded the pair so i'm on the cautious side and would have waited for the 13x100 rejection. lets hope you all over this one, i noticed you are using fib fans, so they may be much beter than my MA's. put it to test

MPP
No these are trendline fans, its something Twoblink came up with, different than fib fans altogether (Ive never used fib fans though) the s-r lines are similar to Jims but quite effective for placing stops etc. I shouldnt plug his book since he got booted out of ff for plugging it but I do feel he has contributed a great deal to this forum and I do miss his posts..As for Swissy (usdchf)I havent taken this trade I will watch to see if my resistance is broken and then decide...I havent seen any strong rejection of any areas on any of these pairs so guess they will just continue as they have been. I still wont take any counter trend trades, Id rather wait...and bla bla bla, LOL the market will do what it wants in the end...Raz
Never say never.
  • #113
  • Feb 6, 2008 5:47am Feb 6, 2008 5:47am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting razldazl
No these are trendline fans, its something Twoblink came up with, different than fib fans altogether (Ive never used fib fans though) the s-r lines are similar to Jims but quite effective for placing stops etc. I shouldnt plug his book since he got booted out of ff for plugging it but I do feel he has contributed a great deal to this forum and I do miss his posts..As for Swissy (usdchf)I havent taken this trade I will watch to see if my resistance is broken and then decide...I havent seen any strong rejection of any areas on any of these pairs so guess they will just continue as they have been. I still wont take any counter trend trades, Id rather wait...and bla bla bla, LOL the market will do what it wants in the end...Raz

bored yesterday so started reading the J16 thread, head overload, but good reading and thats just page 1. i think thats going to be an as an when read but i like the PA practices, would have helped me when the Eu was near the top to exit. still can't do it all in one go, like being back at school.
  • #114
  • Feb 6, 2008 6:21am Feb 6, 2008 6:21am
@page 1 ...get moving! PA is where its at... there are so many excellent setups on that thread they really give you a heads up when you are in doubt about what you should be doing when ...
Never say never.
  • #115
  • Feb 8, 2008 2:38am Feb 8, 2008 2:38am
Right,
knocked out of usdjpy at -84 ugh...
In long on gbpjpy at 208.80, I left my order in and went out only to find its gone crazy up now and I have missed my add on point... well will add on the next pullback as close to +28 as poss, which would be 209.08

Note on this trade...pin on daily chart activated at 209.38, my entry was on the break of a 4hr IB...sl on other side of IB although knowing this pair that is very unrealistic so I am trailing by my magic 84 and even then its not much...on 1hr and 4hr we have seen 8x13 crosses, looking for 13 x 100 cross on hourly anyway...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 27 KB
Never say never.
  • #116
  • Feb 10, 2008 7:42am Feb 10, 2008 7:42am
Bad on me for not entering with all my orders at the same time, this pair rose 110 pips and plummeted so I could have done well, as it is I was out at +23 on my trailing stop
but to demonstrate to myself how it should have gone
would have been buy @ 208.80 sl -84
add at 209.08 sl at -56 on both
add again at 209.29, sl at -28 on all three
add again at 209.50, sl at -21 on all three
add again at 209.65, sl at -15 on all three
I probly would leave it there so my full position would have sl at 209.50, and it rose to 209.90 so total would be for example
1st posi +70, 2nd +42, 3rd breakeven and 4th -15...not bad...
Never say never.
  • #117
  • Feb 11, 2008 8:44am Feb 11, 2008 8:44am
Quoting razldazl
Bad on me for not entering with all my orders at the same time, this pair rose 110 pips and plummeted so I could have done well, as it is I was out at +23 on my trailing stop
but to demonstrate to myself how it should have gone
would have been buy @ 208.80 sl -84
add at 209.08 sl at -56 on both
add again at 209.29, sl at -28 on all three
add again at 209.50, sl at -21 on all three
add again at 209.65, sl at -15 on all three
I probly would leave it there so my full position would have sl at 209.50, and it rose to 209.90 so total would be for example
1st posi +70, 2nd +42, 3rd breakeven and 4th -15...not bad...
That's a good example of woulda, coulda, shoulda lol. That would have been a nice trade too! I'll be following your journal, it's kinda fun. Maybe I'll start my own when I figure out how :


Adrian
  • #118
  • Feb 11, 2008 3:01pm Feb 11, 2008 3:01pm
Yeah,
I need it to punch me in the face to sink in sometimes, ze PLAN ze PLAN, nothing else works...thanks for dropping in zoopy
Never say never.
  • #119
  • Feb 11, 2008 4:33pm Feb 11, 2008 4:33pm
Quoting razldazl
Yeah,
I need it to punch me in the face to sink in sometimes, ze PLAN ze PLAN, nothing else works...thanks for dropping in zoopy
What amazes me most is that you're able to set all those trades off before it moves 110 pips lol. I remember trying to trade that pair a while back, I was up +100 or so pips, went downstairs to get something to drink and came back to see -100
  • #120
  • Feb 12, 2008 7:31am Feb 12, 2008 7:31am
Long audusd from .9060, sl -84
I have orders in place for the usual add ons at +28,.9088,+21 .9109,+15 .9124 sl at -84 for now, although if this trendline holds I may move it there and leave it...would love to hold on to this one for a while...chart as follows
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 29 KB
Never say never.
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