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Complex TA; The Road Of An (Igrok) Apprentice

  • #41
  • Jan 8, 2009 4:23am Jan 8, 2009 4:23am
Quoting belekas
Would have been one lovely cable long hehe
I did sense a feeling in my cold heart seeing both my trains leaving, leaving me behind looking like an idiot left on the train-station. Ah well, what can you do. Doesn't help to kick the cat anymore.

New setups are always around the corner
Measure twice, cut once
  • #42
  • Edited 6:23am Jan 8, 2009 4:50am | Edited 6:23am
Usd/cad, 18.4b template. Buy @ .1972

Update; stopped out @ .1923. Reversed position. -1.3%

Reversed position stopped out at +0.2% (TS 30 pips) -1.1% total
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 18.4b.jpg Size: 138 KB
Measure twice, cut once
  • #43
  • Edited 12:48pm Jan 8, 2009 12:37pm | Edited 12:48pm
Thursday; -1.7%

I'm adjusting my rules to take trades even before news-release if a clear, technical picture presents itself. As Igrok "always" say; why not ?
Measure twice, cut once
  • #44
  • Jan 8, 2009 2:16pm Jan 8, 2009 2:16pm
Quoting aediaz1
Thursday; -1.7%

I'm adjusting my rules to take trades even before news-release if a clear, technical picture presents itself. As Igrok "always" say; why not ?
Hi Diaz!

I think you were completely right to stay out of the market on the British release! What might the market have done if King and consorts had lowered the interest to 1,0%? And as you said yourself on Igrok's thread: There will be other opportunities (See his Chapter 3 on Phsychology of trading! btw: I loved your god middlefinger thingy there!!).
I was in the EURGBP trade and my SL was missed on the retrace and I got the whole move. Why? I was distracted big time by three kids and I missed 13.00 CET and the news just was luckily in my favour! But for my book it was a mistake.

And: I am reading Marber now to finally get into shape to launch our little human behavioural experiment later on!

Ciao!
Matt
  • #45
  • Jan 8, 2009 2:25pm Jan 8, 2009 2:25pm
Quoting Gnat
Hi Diaz!

I think you were completely right to stay out of the market on the British release! What might the market have done if King and consorts had lowered the interest to 1,0%? And as you said yourself on Igrok's thread: There will be other opportunities (See his Chapter 3 on Phsychology of trading! btw: I loved your god middlefinger thingy there!!).
I was in the EURGBP trade and my SL was missed on the retrace and I got the whole move. Why? I was distracted big time by three kids and I missed 13.00 CET and the news just was luckily in my favour!...
Hi Matt, hope you're doing good since last time we spoke !

It's good to know that he's looking down sometimes just for fun

Well, I quite obvious have something to figure out and I appreciate any feedback based on experience here. I would admit that trading during news-time would decrease the odds for a profitable trade, but what if the profit-target increases ?

But I must admit that the technical picture presented with the pound today was rather rare and I should leave some sort of flexibility toward my approach.
Measure twice, cut once
  • #46
  • Edited 3:32am Jan 9, 2009 12:16am | Edited 3:32am
Usd/jpy. Sell stop @ 91.03.

With the short-term trend.

Update; TP1 is 30-40 pips according to the template so putting TS 30 pips on.

Stopped out @ +0.1%
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Measure twice, cut once
  • #47
  • Edited 7:07am Jan 9, 2009 6:02am | Edited 7:07am
Sold on break. SL @ other side of combs boarder.

  1. TS active @ 55 pips.
  2. Took 1/3 @ +0.5%
  3. Spiked out at +0.1%.

Negative R:R.

Attached Images
Measure twice, cut once
  • #48
  • Edited 1:56pm Jan 9, 2009 6:16am | Edited 1:56pm
I had eur/usd on my watch-list too but I thought that eur/cad would be the fastest horse but I was wrong. Let's see what the end result will be.
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Measure twice, cut once
  • #49
  • Edited 1:54pm Jan 9, 2009 8:29am | Edited 1:54pm
Short nzd/usd @ .5936. TP opposite side of channel. Reverse position planed.

Update; Closed the trade for +0.6%. End of trading-day.
Attached Image (click to enlarge)
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Measure twice, cut once
  • #50
  • Jan 9, 2009 8:45am Jan 9, 2009 8:45am
Quoting aediaz1
Sold on break. SL @ other side of combs boarder.

  1. TS active @ 55 pips.
  2. Took 1/3 @ +0.5%
  3. Spiked out at +0.1%.

Negative R:R.

Hiho!

Great one - seldomly saw a comb like that! But were you aware of the news that riggered the spike? Canadian Unemployment coming out worse than expected at 13.00 CET, .... and the spike just happened then.

I still try to remember the German word... hehehe... it was not called Kamm I am sure! This is a great journal!!

Ciao!
Matt

(Halfway OK with the family situation now... just there for my kids! )
  • #51
  • Jan 9, 2009 8:55am Jan 9, 2009 8:55am
Quoting Gnat
Hiho!

Great one - seldomly saw a comb like that! But were you aware of the news that riggered the spike? Canadian Unemployment coming out worse than expected at 13.00 CET, .... and the spike just happened then.

I still try to remember the German word... hehehe... it was not called Kamm I am sure! This is a great journal!!

Ciao!
Matt

(Halfway OK with the family situation now... just there for my kids! )
Yeah, that's what I thought too when I saw that comb. I would characterize it as risky since price was choppy like hell right then because of the news but I stayed strong during the storm and kept the boat floating ! I still believe with will hit its ADR (downward).

I'll add that word to my German trading-vocabulary hehe

Have a good weekend.

( Well, at least it's better than half-way bad )
Measure twice, cut once
  • #52
  • Edited 2:57pm Jan 9, 2009 2:29pm | Edited 2:57pm
Boy, what a week ! I ended with a decent % return, of you look at the number +3%. It felts like I was driving a formel-1 car, while my skill wasn't good enough even for a go-cart. This week have been a living proof of the statement that; "the worst part of any system is the actual trader."

I just have to work and improve myself, not the system. What a luxury problem.

I could've ended up with many times higher % return but with my lack of professional handing of the many given scenarios when it comes to position-seize and following the trading-plan, I should be lucky to end with a gain. I choice to take it as good news. I see the enormous potential of this system, I just need to gain more experience and act more professional.

Week 1, 5-9 Jan; +3%
Measure twice, cut once
  • #53
  • Jan 9, 2009 2:59pm Jan 9, 2009 2:59pm
Job well done and i cant agree more with you on this statement. Thats the very basics right there Enjoy your weekend untill the next round! Cheers mate

edit: some nice setups today by simple ta approach today were. hope next week we will get more jewls more momentum and a nice pippage no doubt

Quoting aediaz1
Boy, what a week ! I ended with a decent % return, of you look at the number +3%. It felts like I was driving a formel-1 car, while my skill wasn't good enough even for a go-cart. This week have been a living proof of the statement that; "the worst part of any system is the actual trader."

I just have to work and improve myself, not the system. What a luxury problem.

I could've ended up with many times higher % return but with my lack of professional handing of the many given scenarios...
  • #54
  • Jan 9, 2009 5:03pm Jan 9, 2009 5:03pm
Quoting belekas
Job well done and i cant agree more with you on this statement. Thats the very basics right there Enjoy your weekend untill the next round! Cheers mate

edit: some nice setups today by simple ta approach today were. hope next week we will get more jewls more momentum and a nice pippage no doubt
Enjoy your weekend.

For me, I'll be using the weekend to dig into some stuff regarding MM
Measure twice, cut once
  • #55
  • Jan 11, 2009 2:19pm Jan 11, 2009 2:19pm
Quoting aediaz1
Enjoy your weekend.

For me, I'll be using the weekend to dig into some stuff regarding MM
Good evening buddy. Hope you had a calm weekend I spent mine watching movies and reading J. J. Murphy's TA book that J.P. recommended back in the day. He has some interesting thoughts that i took into consideration.

Ok, i think we will have a volatile week, but as Tokyo is on bank holliday so no movement is to be expected at the Asian session.

Checked all the currencies and going to bed. Be back at Frankie open to see if we have potential setups somewhere

Good night bro. Cheers!
  • #56
  • Jan 11, 2009 4:03pm Jan 11, 2009 4:03pm
Quoting belekas
Good evening buddy. Hope you had a calm weekend I spent mine watching movies and reading J. J. Murphy's TA book that J.P. recommended back in the day. He has some interesting thoughts that i took into consideration.

Ok, i think we will have a volatile week, but as Tokyo is on bank holliday so no movement is to be expected at the Asian session.

Checked all the currencies and going to bed. Be back at Frankie open to see if we have potential setups somewhere

Good night bro. Cheers!
Good evening. Interesting read, indeed. But thanks to you-know-who, it feels like it isn't much interesting left to read I've been given the golden goose, I just have to figure out how the goose works.

Let's keep our eyes open, bud.
Measure twice, cut once
  • #57
  • Edited 11:52pm Jan 11, 2009 4:07pm | Edited 11:52pm
There was an 8 pips gap on nzd/usd tonight (don't look on the alpari feed) along with the price hitting down on the 15m channel.

  1. Buy nzd/usd @ .5888. No stop and reverse. Target upper part of the channel.
  2. Stopped out, -1.4%

I can ask myself why I hunt 40 pips while paying 10 pips spread. Insane spread, do they send a person down to New Zealand by airplane and exchange my U.S dollar's to NZD manually? That's 25% of the potential profits gone. Pointless.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd channel.jpg Size: 111 KB
Measure twice, cut once
  • #58
  • Jan 11, 2009 4:35pm Jan 11, 2009 4:35pm
Just found this.

Subscribed.

Keep up the good work
  • #59
  • Jan 11, 2009 4:47pm Jan 11, 2009 4:47pm
Quoting Blackinc
Just found this.

Subscribed.

Keep up the good work
Thanks
Measure twice, cut once
  • #60
  • Jan 12, 2009 12:07am Jan 12, 2009 12:07am
Usd/jpy.

  1. Sell stop @89.88. SL 90.30. Stop and reverse active.
  2. TP ADR, TS active on 30 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 18.1b.jpg Size: 136 KB
Measure twice, cut once
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