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GBP/USD or EUR/JPY or.... Whatever's moving!!

  • #41
  • May 18, 2008 6:41pm May 18, 2008 6:41pm
This is where I will pull off 2/3 of my load and let the rest ride. That way, we got profit in case it comes all the way back. If it comes back and bounces short again off the 89 you can always add more.
  • #42
  • May 18, 2008 6:46pm May 18, 2008 6:46pm
I got in this trade real early as I took the risky entry. I watched it pull all the way back to within 3 pips of stopout. I watched my account go deep into the negative on this one. This is what you may have to live with if you get in early.
  • #43
  • May 18, 2008 7:51pm May 18, 2008 7:51pm
This is why I wait for the test before I move my stop down. Sunday night and the price came back a little farther and tested the DTL
Attached Image (click to enlarge)
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  • #44
  • May 18, 2008 9:17pm May 18, 2008 9:17pm
Hi Jim, I must I say congrats on your thread.

I really appreciate this and I hope to learn from u here.

I was away for some hours so I didn't enter into any trade, I see that things are closing now with the DTL....

The 89 u speak of is EMA and not SMA correct?
  • #45
  • May 18, 2008 9:31pm May 18, 2008 9:31pm
well the EJ has a pin bar on the daily chart with the price having bounced off the 23.6 of the previous leg up....so this would suggest going long rather than short on this pair...just my 2 cents..
  • #46
  • May 19, 2008 3:51am May 19, 2008 3:51am
Got 46 pips in the 15 Min triangle after entry. I had to re enter because I was stopped out. As I said, Sundays create some problems especially when there is no news to move the market. Unfortunatly my stoploss was 3 pips to low, but still managed 46 Pips and 1 Mini is still riding.
  • #47
  • May 19, 2008 3:52am May 19, 2008 3:52am
EUR/USD is moving thru the 89 and has already broken the DPP. I have entered at 1.5577 short.
  • #48
  • May 19, 2008 3:54am May 19, 2008 3:54am
My trade this morning.
Attached Image (click to enlarge)
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  • #49
  • May 19, 2008 3:58am May 19, 2008 3:58am
Here is where we are on E/U, I dont know why my PP's aren't working.Will check it out,


Quoting hard1head1
EUR/USD is moving thru the 89 and has already broken the DPP. I have entered at 1.5577 short.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 45 KB
  • #50
  • May 19, 2008 4:01am May 19, 2008 4:01am
If any of you took the trade and pulled profit like I did, just keep moving the stop down hour after hour until you hit 100 or stopped out. Your T/P should be 100 pips below your entry.
  • #51
  • May 19, 2008 4:03am May 19, 2008 4:03am
I appologize if you were stopped out last night before the move, but you have to use your own judgement especially on Sunday night. It didnt surprise me at all, but I knew it was still going down.

Jim
  • #52
  • May 19, 2008 4:12am May 19, 2008 4:12am
Quoting hard1head1
My trade this morning.
I entered short just after that spinner took 20 pips down, then as it hit the bottom trend line and started going up I entered long at 191.92 for 25pips going up. I wanted to enter short just after that but had to leave to run errands..... I love this pair. running very predictably. Just cant figure out which direction it is going to break out to when it hits the end of the triangle?? any ideas
  • #53
  • May 19, 2008 5:09am May 19, 2008 5:09am
The original signal was short and against, I have 1 mini running as per the strategy. My stop is currently at 162.33 and I will stay short until stopped out or I get a wonderful signal to go long. I can say that this could break short and continue on, but I will not gaurantee that.

Quoting Runway Trade
I entered short just after that spinner took 20 pips down, then as it hit the bottom trend line and started going up I entered long at 191.92 for 25pips going up. I wanted to enter short just after that but had to leave to run errands..... I love this pair. running very predictably. Just cant figure out which direction it is going to break out to when it hits the end of the triangle?? any ideas
  • #54
  • May 19, 2008 5:10am May 19, 2008 5:10am
i still feel that its good to be long on this pair rather than short....
  • #55
  • May 19, 2008 5:11am May 19, 2008 5:11am
This is the easiest pair to trade, it is VERY predictable and once you get tis down you can trade the Hellevator, ( GBP/JPY ) which acts the same but moves a lot farther.
  • #56
  • May 19, 2008 5:13am May 19, 2008 5:13am
And you may be right, but my system is still got 1 mini running and even if I am stopped out I walk with 39 pips. And when it does go long I will take the long signal as per the 89 SMA and do the same thing. I am not doubting you, I just have seen what this pair can do.

Quoting ns_karthik77
i still feel that its good to be long on this pair rather than short....
  • #57
  • May 19, 2008 5:15am May 19, 2008 5:15am
Here is what I am waiting on now. I have 2 minis short because I got in to early, my mistake, but I should be ok.
Attached Image (click to enlarge)
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  • #58
  • May 19, 2008 5:15am May 19, 2008 5:15am
Quoting hard1head1
And you may be right, but my system is still got 1 mini running and even if I am stopped out I walk with 39 pips. And when it does go long I will take the long signal as per the 89 SMA and do the same thing. I am not doubting you, I just have seen what this pair can do.

well mate, u could be right too !!
  • #59
  • May 19, 2008 5:20am May 19, 2008 5:20am
Quoting hard1head1
Here is what I am waiting on now. I have 2 minis short because I got in to early, my mistake, but I should be ok.
Where is the 89 SMA on your chart?
Expected the unexpected
  • #60
  • May 19, 2008 5:22am May 19, 2008 5:22am
I just posted a pic.

Quoting scyang
Where is the 89 SMA on your chart?
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