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Simplicity is the Key

  • #281
  • Feb 9, 2007 8:02am Feb 9, 2007 8:02am
Quoting ikimashu
trader101

welcome back! EU welcome your return with a nice 10 pip down!
Iki,
we are still in business here, still looking forward to end the day with a winning trade. Wow the CAD, as i mentioned those pre report Long position were "dumb money" all those who put in thier LONG money on CAD will had nightmares for the weekend, while those SHORTS will have a very very nice weekends. I think they are taking thier profits now, it will slowly move up. Monday could be revenge move for CAD. Just thinking loud.
  • #282
  • Feb 9, 2007 8:04am Feb 9, 2007 8:04am
Quoting Miguel
where are you?
still in New York as always.
  • #283
  • Feb 9, 2007 8:06am Feb 9, 2007 8:06am
Quoting trader101
Iki,
we are still in business here, still looking forward to end the day with a winning trade. Wow the CAD, as i mentioned those pre report Long position were "dumb money" all those who put in thier LONG money on CAD will had nightmares for the weekend, while those SHORTS will have a very very nice weekends. I think they are taking thier profits now, it will slowly move up. Monday could be revenge move for CAD. Just thinking loud.

Trader101,

to follow your "dumb money" statement, here I attach a little news from "comment" feature offered by my broker, as following:

We hear macro type names that are long at higher levels may be getting nervous at the moment. They have not taken off any of their long positions as yet. We may be reaching their tolerance levels soon. If breached we may see this pair get severely washed out.

This is crazy man!
"Quality means doing it right when no one is looking"
  • #284
  • Feb 9, 2007 8:08am Feb 9, 2007 8:08am
Trader101 you have a PM.
  • #285
  • Feb 9, 2007 8:10am Feb 9, 2007 8:10am
Well looks like this EUR is the last trade we will be having for the week, I could not find any trending or intend-to-trend pair right now and if there are any, i dont know if anybody is going to bite it. Scalping would be good till noon. Let me check for pairs good for scalping....
  • #286
  • Feb 9, 2007 8:12am Feb 9, 2007 8:12am
Quoting Miguel
Trader101 you have a PM.
thanks, ill read it now...
  • #287
  • Feb 9, 2007 8:14am Feb 9, 2007 8:14am
I got two recommendation for Scalping (8-10pips ..maybe 12)
Long NZD/USD
Short EUR/JPY
But i could be wrong....
  • #288
  • Feb 9, 2007 8:16am Feb 9, 2007 8:16am
Trader101,

do you have any idea on the movement of EUR/GBP affecting the movement of EUR/USD ?

I assume the downward movement of EUR/GBP (which I expect it would stop going up and start downwards on the 4hr chart) will help your trade#23.

Do you agree?
"Quality means doing it right when no one is looking"
  • #289
  • Feb 9, 2007 8:17am Feb 9, 2007 8:17am
Another one...
Long USD/CAD
  • #290
  • Feb 9, 2007 8:20am Feb 9, 2007 8:20am
Quoting ikimashu
Trader101,

do you have any idea on the movement of EUR/GBP affecting the movement of EUR/USD ?

I assume the downward movement of EUR/GBP (which I expect it would stop going up and start downwards on the 4hr chart) will help your trade#23.

Do you agree?
Sorry, Iki
I dont trade that cross-pair.. so i cant comment...Perhaps i could start looking at those other cross-pairs by next week..Or maybe i can loss focus with so many pairs to study and their spread are so high 7 pips and up thats the deterrent to me.
  • #291
  • Feb 9, 2007 8:24am Feb 9, 2007 8:24am
OPPS.. there is one cross-pair i trade the EUR/JPY because its spread is low and trends a lot...i mean a lot it beats all the majors in trending records.
  • #292
  • Feb 9, 2007 8:26am Feb 9, 2007 8:26am
Did any scalper accept my recommendation for Long on USD/CAD???and EUR/JPY
  • #293
  • Feb 9, 2007 8:28am Feb 9, 2007 8:28am
Long on USD/CAD is not for scalping now it is good for trading...But ill pass... If you have it keep it till noon..
  • #294
  • Feb 9, 2007 8:32am Feb 9, 2007 8:32am
I thought the revenge move of USD/CAD is on monday, looks like its starting now...Man,..I dont like to trade now, its Friday dudes..Tell them to stop it and reserve it for Monday....
  • #295
  • Feb 9, 2007 8:32am Feb 9, 2007 8:32am
Hey trader101 let us know when your ready to explain your method and we'll all help to fine tune it or answer any questions that you or we might have. That is the whole idea of this forum. Not to put down your method, but for you and all of us to better understand and maybe find methods that work for one trader or another. Take care. Good Luck.
  • #296
  • Feb 9, 2007 8:36am Feb 9, 2007 8:36am
Quoting trader101
Long on USD/CAD is not for scalping now it is good for trading...But ill pass... If you have it keep it till noon..
agree!

about NZD ... = =

no entry so far from my chart~

i guess EU will take us till noon or even before NY close
"Quality means doing it right when no one is looking"
  • #297
  • Feb 9, 2007 8:40am Feb 9, 2007 8:40am
Quoting broc0501
Hey trader101 let us know when your ready to explain your method and we'll all help to fine tune it or answer any questions that you or we might have. That is the whole idea of this forum. Not to put down your method, but for you and all of us to better understand and maybe find methods that work for one trader or another. Take care. Good Luck.
Thank you for the very kind offer, sir, I appreciate it.. really, in time i will, not because i dont want to share... Its because im easily swayed by others idea and i might start implementing changes to it before the completion of the test which might be disastrous to the method. Dont get disappointed now, showing interest in this method means you are one of the people i will approach later for guidance.
Kind regards,
  • #298
  • Feb 9, 2007 8:41am Feb 9, 2007 8:41am
Quoting broc0501
Hey trader101 let us know when your ready to explain your method and we'll all help to fine tune it or answer any questions that you or we might have. That is the whole idea of this forum. Not to put down your method, but for you and all of us to better understand and maybe find methods that work for one trader or another. Take care. Good Luck.
Well, i do not really agree. It's a journal where he gives plenty of room to all of us to discuss our trades.

Sharing or not sharing one's trading method does really matter?
well~ you to judge. But me I go and test my own way till I feel I can share and hopefully benefit people here rather than killing ya all~ LOL~

no matter what system you use, entry points should be same i believe, just a matter of pip difference.
"Quality means doing it right when no one is looking"
  • #299
  • Feb 9, 2007 8:43am Feb 9, 2007 8:43am
Quoting ikimashu
agree!

about NZD ... = =

no entry so far from my chart~

i guess EU will take us till noon or even before NY close
NZD had they scalp they get 10 already...
  • #300
  • Feb 9, 2007 8:53am Feb 9, 2007 8:53am
Trader101~


here goes a very serious question.

I see EU all the way to 50,

for this i am planning to add another lot

advice plz!!! now 86! should i go ?
"Quality means doing it right when no one is looking"
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