Kumar's journal - cable and GBP/JPY mostly | Page 6 | Forex Factory

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Kumar's journal - cable and GBP/JPY mostly

  • #101
  • Jan 31, 2008 5:41am Jan 31, 2008 5:41am
Missed the cable sell order by 4 pips.
Since cable has made a new high after 8 am GMT and fallen by 25 pips. a buy order at new high +10 at 1.9950 sl/tp - 40.
  • #102
  • Jan 31, 2008 11:14am Jan 31, 2008 11:14am
actually missed cable sell by 1 pip. could have easily made +40.
at 14.15 GMT, bought cable at 1.9873 - holding it for 1.9940. lets see.
  • #103
  • Feb 27, 2008 11:32am Feb 27, 2008 11:32am
quite a while since i posted here. my job has made it very difficult to trade and post.
sold eur/usd at 1.5130 based on bearish divergence RSI 1 hr TF.
looking for retracement to 1.5085 /5065.
Attached Image (click to enlarge)
Click to Enlarge Name: fig 20.jpg Size: 71 KB
  • #104
  • Feb 27, 2008 1:17pm Feb 27, 2008 1:17pm
eur/usd sell part profits at 1.5100. rest at be and tp 1.5085 and 1.5065.
  • #105
  • Feb 29, 2008 12:02pm Feb 29, 2008 12:02pm
Nice trading! who is your broker if you don't mind?
  • #106
  • Feb 29, 2008 5:22pm Feb 29, 2008 5:22pm
Quoting good
Nice trading! who is your broker if you don't mind?
I spread bet through capital spreads (UK).
I also use alpari (UK) for forex trading - only 0.01 lots. Due to work commitments I am unable to day trade regularly. I have started testing an ea with alpari account yesterday.
GBY/JPY 400 pips since yesterday evening on one trade alone!!
but running a floating -50pips in cable. forgot to put that ea in aud/usd. if i had done it, would be another +150pips.
  • #107
  • Feb 29, 2008 11:08pm Feb 29, 2008 11:08pm
Thanks for your answer. That EA looks good . I will keep an eye on your journal.
Quoting gkumar
I spread bet through capital spreads (UK).
I also use alpari (UK) for forex trading - only 0.01 lots. Due to work commitments I am unable to day trade regularly. I have started testing an ea with alpari account yesterday.
GBY/JPY 400 pips since yesterday evening on one trade alone!!
but running a floating -50pips in cable. forgot to put that ea in aud/usd. if i had done it, would be another +150pips.
  • #108
  • Mar 2, 2008 4:33pm Mar 2, 2008 4:33pm
cable - daily stoch and RSI are turning bearish. similiar picture as in end of january. My ea has already sold cable so will wait and see what happens.
gbp/jpy - was too much for me and hence closed the sell trade started by the ea for +411 pips late on friday itself.
Eur/usd looks like it is building up to drive up more. ea has already bought it, so will wait and see.
  • #109
  • Mar 10, 2008 9:37am Mar 10, 2008 9:37am
kept interfering with the ea (very bad idea). 20% increase in equity has disappeared.
anyway, cable on daily TF has a bearish pattern, however, it will remain bearish even upto 2.07. so have to be careful.
If cable falls from the present level, then, TP is around 1.9900 to 1.9800.
Attached Image (click to enlarge)
Click to Enlarge Name: fig 21.jpg Size: 230 KB
  • #110
  • Edited 3:36pm Mar 10, 2008 11:41am | Edited 3:36pm
planning to take partial profits around 2.0105.

edit- part profit at 2.0106. will take some more profit around 2.0035. ideally aiming for 1.9800-40 for the rest.
  • #111
  • Mar 12, 2008 3:48pm Mar 12, 2008 3:48pm
took some more profits at 2.0035. rest got stopped at be.
  • #112
  • Mar 14, 2008 9:59am Mar 14, 2008 9:59am
based on the previous daily chart. cable has reached the middle of the box to sell 2.0397. cable may reach 2.0454 (61.8%) retrace.
cable could go down - targets 2.0140, 2.0020, may be even 1.9900. provided bernake does not ruin it.
Attached Image (click to enlarge)
Click to Enlarge Name: fig 22.jpg Size: 277 KB
  • #113
  • Edited 2:18pm Mar 14, 2008 1:44pm | Edited 2:18pm
will take some profits out of cable sell at 2.0187. or near close of day if price is near enough to 2.0187. good chance of monday producing some upward movement in cable.
  • #114
  • Mar 17, 2008 6:16am Mar 17, 2008 6:16am
took profit out most of the cable sell at 2.0020.
a small portion still left for 1.9900.
  • #115
  • Edited 9:03am Mar 17, 2008 6:51am | Edited 9:03am
looked like a double bottom in GBP/JPY - at 192.60. so, bought at 193.10 - tp is 196 with trailing stop.

edit - took some profit at 194.00


closed the rest of the positions at 194.70
  • #116
  • Mar 17, 2008 2:58pm Mar 17, 2008 2:58pm
with such over extended selling of aud/usd and the bullish picture in one hour TF, it is bound to make some retracement may be to S. see attached chart. bought aud/usd - .9174 target 80 pips tight SL.
Attached Image (click to enlarge)
Click to Enlarge Name: fig 23.jpg Size: 229 KB
  • #117
  • Mar 17, 2008 3:00pm Mar 17, 2008 3:00pm
similiar picture in usd/cad - selling at .9998 for 40 to 50 pips profit. tight SL.
Attached Image (click to enlarge)
Click to Enlarge Name: fig 24.jpg Size: 253 KB
  • #118
  • Mar 17, 2008 6:05pm Mar 17, 2008 6:05pm
closed usd/cad sell for +30 pips.
moved sl in aud/usd to +24 (trailing 40 pips). hoping for +110.
closed the rest of cable short at 1.9974. it could fall further to 1.9890 but not confident.
  • #119
  • Mar 18, 2008 4:16am Mar 18, 2008 4:16am
My EA has bought GBP/JPY 195.78. do not think it is a good idea.
for cable - big ben strategy - buy stop 20.079 sl 40, partial tp 40 rest at 80 pips. know it is not good to open trade so close to news. lets see.
  • #120
  • Mar 18, 2008 4:34am Mar 18, 2008 4:34am
manually closed gbp/jpy at 196.35 for +57. cable still running - not confident about that trade. even if that loses. will be +17 for the day.

edit - cannot believe cable is going up. so have increased my tp to 2.0148. sl at +10. going to work now.
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