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Extraordinary trading style by 5ysfx

  • #221
  • Sep 23, 2008 2:36pm Sep 23, 2008 2:36pm
Hy 5ysfx, where do you see the TP on this wave cycle or EU/ USD? I am eyeing 4550 level (psych level), but wondering ifyou have a strong support level below 46 that I missed
  • #222
  • Sep 23, 2008 3:04pm Sep 23, 2008 3:04pm
Quoting seesaw
Hy 5ysfx, where do you see the TP on this wave cycle or EU/ USD? I am eyeing 4550 level (psych level), but wondering ifyou have a strong support level below 46 that I missed
according to my system i will TP at 14580 and long for 80 pips pullback then short really hard if 147 level holds. This will be my biggest entry this week.

But u know bankers like to spoil my plan.
  • #223
  • Sep 23, 2008 3:07pm Sep 23, 2008 3:07pm
Quoting 5ysfx
according to my system i will TP at 14580 and long for 80 pips pullback then short really hard if 147 level holds. This will be my biggest entry this week.

But u know bankers like to spoil my plan.
Similar thinking, I was eyeing longing 4550, but as you said, who knows! Good calls today! thank you
  • #224
  • Sep 23, 2008 3:27pm Sep 23, 2008 3:27pm
short eu at 14670 for 80 pips profit (bigger one ) SL 35 pip
  • #225
  • Sep 23, 2008 4:00pm Sep 23, 2008 4:00pm
Quoting 5ysfx
still short
took one at .8380
took another short at .8395 SL 35 pips for both (2% risk)
  • #226
  • Edited 4:30pm Sep 23, 2008 4:14pm | Edited 4:30pm
similar thing on eu took short at 14678 (2% risk but is well protected by 14790 position so risk is less than 2%)
  • #227
  • Sep 23, 2008 5:25pm Sep 23, 2008 5:25pm
took short at 14696 3% risk now (14790.14701.14696.14678)
Im damn sure the eu will hit 14425 by 25th of september 12:00 UTC
  • #228
  • Sep 23, 2008 5:40pm Sep 23, 2008 5:40pm
Quoting 5ysfx
took short at 14696 3% risk now (14790.14701.14696.14678)
Im damn sure the eu will hit 14425 by 25th of september 12:00 UTC
You'd better promise that in stone, mister!

LOL, just kidding. I'm adding to my shorts once we breach 46. It will be tough support to break.
  • #229
  • Sep 23, 2008 5:51pm Sep 23, 2008 5:51pm
Quoting seesaw
You'd better promise that in stone, mister!

LOL, just kidding. I'm adding to my shorts once we breach 46. It will be tough support to break.
yeah
im sure or this is just my paranoia

anyway i will close these 3 positions (14701.14696.14678) between 14580-14600
this give me 10% gross
  • #230
  • Sep 23, 2008 6:53pm Sep 23, 2008 6:53pm
Quoting 5ysfx
took another short at .8395 SL 35 pips for both (2% risk)
closed all for +55 and +40

better gain 2% than lose any promil
  • #231
  • Sep 23, 2008 7:20pm Sep 23, 2008 7:20pm
went long 8340 target 50 -60 pips
i think wont break 84 level this time
  • #232
  • Sep 23, 2008 7:42pm Sep 23, 2008 7:42pm
Quoting 5ysfx
went long 8340 target 50 -60 pips
i think wont break 84 level this time
closed for -6
short at 8334
momentum is rising very rapidly now
  • #233
  • Sep 23, 2008 8:58pm Sep 23, 2008 8:58pm
Quoting 5ysfx
closed for -6
short at 8334
momentum is rising very rapidly now

I am into SHORT too, for wave-B.

i have attached my chart, hope you don't my chart disturbing ur journal.
Attached Image (click to enlarge)
Click to Enlarge Name: ausses.gif Size: 24 KB
  • #234
  • Edited 10:36pm Sep 23, 2008 9:07pm | Edited 10:36pm
Quoting Blue bottle
I am into SHORT too, for wave-B.

i have attached my chart, hope you don't my chart disturbing ur journal.
no problemo

took next short at 8344
  • #235
  • Sep 23, 2008 10:28pm Sep 23, 2008 10:28pm
Quoting Blue bottle
I am into SHORT too, for wave-B.

i have attached my chart, hope you don't my chart disturbing ur journal.
May I know what kind of indicator are you using for EWs? Or is it drawn manually by you?
  • #236
  • Sep 23, 2008 10:34pm Sep 23, 2008 10:34pm
Quoting 5ysfx
no problemo

took next short at 8444
short at 8444??? my chart is not so high.
My chart:
Attached Image (click to enlarge)
Click to Enlarge Name: mychart.gif Size: 16 KB
  • #237
  • Edited 10:47pm Sep 23, 2008 10:35pm | Edited 10:47pm
short at 8354
now i have 3 shorts (8334.8344.8354)
i will be continue selling till .84 so i divided them to
lower half = 8334.8344.8354.8364.
higher half = 8374.8384.8394.8404
Risk for these position will be limited to 8430 (1.5 % loss)
Profit expected for lower half(avg 8349) is 8180 this will be around 2% gain
second half i will keep open for 8050(red dot line in K-map system) probably
this open position will be my SL if i will try to reshort aussie again or buy/sell some other pair.

Most important thing is not gain but protecting money and keep at least one good position open called "buffer position"
  • #238
  • Sep 23, 2008 11:20pm Sep 23, 2008 11:20pm
Quoting MoGwAYCZ
May I know what kind of indicator are you using for EWs? Or is it drawn manually by you?

There is no indicator for Elliott waves right now.

U may learn it by reading Elliott wave books and apply it in charts, is the only way to draw EWs.
  • #239
  • Sep 23, 2008 11:26pm Sep 23, 2008 11:26pm
--------------------------------------------
Currently running trades
Medterm subbaccount

usdjpy long 10540
usdcad long 10355
ea longs avg 17584 (17850,17780,17742,17700,17615, 17485,17340)

ej shorts avg 15467 (15080,151,15126,15180,15230,15270,15310,15360,15420,15470,15570,15620)
eu shorts avg 14640 (14456,14356**,14495,14635,14862)
nu shorts avg 6828 (6741,6756,6880)
aj shorts avg 8925 (8478,8500,8527,8547,8607,8641,8700,8723,8700,8800,8860,8936,9025*)
au shorts avg 8402 (8022,8080,8130,8180,8260,8369,8422,8512*)
gu short avg 18586 (18568, 18616)

EXOTIC
usdpln longs avg 2.28 (23260,2.31, 2.30, 2.29, 2.28, 2.24)

COMMODITIES
silver shorts avg 1280 (1198,1250,1350)
--------------------------------------------

* big position with SL at entry + 15 now
** also bigger positon but didnt close it yet
Soon i will clean this mess


Nearterm subaccount

ej short at 15592
aj short at 8805,8840,8850,8870,8910
eu shorts 14670,14678,14696,14701,14790
au shorts 8334,8344,8354,8364,
------------------------------------------------------------------------
  • #240
  • Sep 23, 2008 11:33pm Sep 23, 2008 11:33pm
added gj short at 19670 SL 198 (0.2% risk)
this is very small position i will close it soon probably and leave this pair alone
i dont like her
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