No Brainer Trades

Is this a decent trade limit buy order position?

I'd love to look at this ... but I have no idea what it is.

Maybe we need a protocol in the thread that says we state:

Currency pair
time frame
date
time

so that we can access that chart on our own software ...

What are we looking at, love?

Yes, actually good idea. Seeing the pair and time frame in little writing on the actual chart is too hard(its small)
EURJPY 4hour, limit order placed at 0.5% of position on first level, and 0.5% on second level around the blue rectangle.

Hope that makes sense.

Yes almost ... please complete this ...

Currency pair
Timeframe for chart
Date on chart
Actual time on chart
Actual details of trade

Who's trading in Australia, or at least, the Asian session?

This can be really challenging, but there are some S&R setups we can look at ...

Is anyone else out there trading fx during Sydney daytime, through to London session & 12MN ???

Currency pair EUR/JPY
Timeframe for chart 4HOUR
Date on chart NOW, 19/1/2009
Actual time on chart 11:15AM CET (Frankfurt time)
Actual details of trade : Limit order , buy 119.80
limit order , buy 119.48

Hope that clarifies it.

I must say, I do like this concept of trading spikes (stabby bars) ... thrusting swords ... whatever.

My question ... this question comes from backtesting, and trading it live ... at the RH edge of the chart, progressing one candle at a time ... How do you know which close is THE spike to get in on ... is it going to be followed by one or two more High/Low's before continuation / retracement?

Puzzled ...

hi enox ... i can't see where these levels come from? how did you set them?

cheers
rjg

Must be seeing things again.. that is why I am a learner , and asking questions.

Don't jump to the conculsion that YOU can't see it ...

maybe I can't see it !!! Let's learn this together, just tell me how you came to your trade decision ...

And have a look at this for me,while you're at it ... I think there might be a short in this:

AUDJPY - 60min
19 Jan 09 (let's spell the date out as diff. countries have diff. formats)
Time: 2200 candle; Sydney GMT +10
Worlclock link: http://timeanddate.com/worldclock/

Short at: 61.14

Hello Mikeokino:

Did you ever get a reply to your NFP Non-farm Payroll post? It was posted last year ... could be useful information for other trading buddies ...

Hi RJG,

Am I understanding that to play the short , we preferably (on top of other analysis see if the the 1hour candle closes below the S/R line of 61.07?

enox ... AUDJPY triggered short 61.14 ...

standard stop: -40 pips
wait for 20 pips profit, then move stop to break even ...
trail stop at 20 pips ...

let's see what happens ... big smiiiiiile ....

I didnt see the short on AUDJPY, I can see a support line right there so I can only see long or a break of that line on 1hour close. I am still learning though

cant send a PM to you RJG, it says you dont allow private messages.
what did you use to decide a short would be a good entry at this time?

Yes, you're right ... 60min hasn't triggered so could be either ...

However, I trade on 5min charts and the 5min has closed below so I'm in short ... maybe this is cheating (using 5min charts) ... but it's now 10:30pm Sydney, and London session closes in about an hour and a half ...

Do you trade the Asian Session Open (not the tennis, dummy, the fx session !!!) ?

Given that you also are in Sydney, there is an holistic beautiful setup that occurs almost every day that I could share (if you don't already have a strategy for the Asian open (10am Sydney) ...) ... ommmmm ...

I wish I could trade aussie session but I am at work during that watching our traders trade the aussie session . Sux.
London closes in 5hours and 30 mins you mean dont you? NYC is about to open up in 1hour and 20 mins.

Yes, you're absolutely correct, however, London goes quiet about now, gets twitty again at US open 130am Sydney time .... but ....

Martin Luther King Jr / Obama Coronation Day in the States ... things will be a bit quiet after 12MN, yes?

On a general note ... do you stay up a bit later, listen to say, some Paul Kelly for ambience, and then get into the correlation trading i.e. Dow / JPY currencies ? Absolute howler trades ...

No correlation trading here, but listen to vangelis and Diane Arkenstone. Relaxing. I have only been learning about trading for the last 18 months, and only started focusing on it about a total of 6 months. So no, nothing exciting here like correlation trading , in fact I dont even have access to Dow charts.

Hello everyone ... I'm RJG in Sydney ...

For the sake of your trading buddies, please put as much information as you want to share in you user profile here on Forex Factory ... then when buddies in your own timezone are online, we can share info that relates specifically to us e.g. Asian session etc.

Welcome to everyone, new and old. My greatest joy in trading has been in "meeting" friends from all countries ... many places that I've never been to ... but we all have the same interest in trading fx ...

Please put more information in your profile for the sake of friendliness ...