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  • #141
  • Edited 9:04am Mar 16, 2007 8:11am | Edited 9:04am
Quoting GreatYves
I'm following you in your method.. I like it as i'm on the same broker as you so no need for another chart software. Also it's prtty simple to follow.. I've lost on the gbpusd on the trade of the begiining of the week but i keep following you.
Hey GreatYves,

The market has been pretty tough this week! It's interesting that you lost the GBP/USD trades as I am going to report profits on those trades right now. Anyway, I wish you luck, and I'm glad I have helped you.

Regards,

Kevin



Ok,

Both GBP/USD lots have been liquidated.

Liquidate Long GBP/USD @ 1.94499 = 88 pips or 2.72%

Liquidate Long GBP/USD @ 1.94499 = 129.2 pips or 3.76%

Since 3/8/07:

Total Pip P/L: -331 + 88 + 129.2 = -113.8 pips
Total % P/L: 2.96%

I'm happy that I have won a couple of trades, but at the same time, my two JPY crosses have been playing games with me all week, so hopefully those will get their act together, but if not... OH WELL

I also find it interesting that I have negative total pips but positive account balance.


Best wishes,

Kevin

PS
I thought I'd add my thoughts on GBP/JPY and USD/JPY:

I have attached both my charts for visual indication.

GBP/JPY has had some trouble trying to break the 3rd fibonacci arc, but has succeeded in doing so today. I envision this pair going UP! Of course, I may always be wrong..

USD/JPY on the other hand is on its way down testing both arcs 2 & 3. As you can see, it is not pushing through with any sort of confidence which leads me to believe that it ALSO is going UP!

This has been Kevin's Analysis of GBP/JPY and USD/JPY I hope you've enjoyed it.


PPS( or whatever it is) My birthday is in 4 days on the 20th, and I just so happen to accept paypal
Attached Images
  • #142
  • Edited 10:43am Mar 16, 2007 9:46am | Edited 10:43am
Well, my trades gave me an old-fashioned *%# kicking last night. Both EUR/USD & USD/CHF were stopped out. Now I remember why I usually don't trade EUR/USD.

On a brighter note, GBP/USD hit my limit. Here's the results:

EUR/USD -73
USD/CHF -100
GBP/USD +88

Quote
GBP/JPY has had some trouble trying to break the 3rd fibonacci arc, but has succeeded in doing so today. I envision this pair going UP! Of course, I may always be wrong..
As Kevin mentioned, the GBP/JPY Long trade is still moving in the right direction, although very s-l-o-w-l-y after the crazy moves of the past several days. On a 60-minute chart, it has formed a potential H&S pattern since the move up from 222.62 on 3/14. If the potential H&S actually develops, that would be a trend reversal pattern, at least temporarily. I don't understand fib arcs, but I prefer Kevin's conclusion that GBP/JPY may be going up based on his study of the fibs, except for the part about "I may always be wrong . . ."

Despite today's losses, I am still up slightly for this week and up nicely for the month of March using Kevin's method.
Greetings from Guanajuato, Mexico
  • #143
  • Mar 16, 2007 12:17pm Mar 16, 2007 12:17pm
Quote
Well, my trades gave me an old-fashioned *%# kicking last night. Both EUR/USD & USD/CHF were stopped out. Now I remember why I usually don't trade EUR/USD.

Hey Yen,

I'm sorry to hear about your losses, but I couldn't help but laugh at the way you worded it

I'm at work looking at GBP/JPY now, and it appears that it reverted back under my arcs. This could be a bad sign for me (and anyone else long) because it is failing to break the 3rd arc. No cause for panic, though as we should wait til the close of today for any brash decisions. I at least think in the next 1-2 trading days it MAY be going down or consolidating. After that point, there may be a good chance that it goes in our direction on the upside. I will add my final thoughts on these pairs at close tonight.

Regards,

Kevin
  • #144
  • Mar 16, 2007 2:27pm Mar 16, 2007 2:27pm
Sorry Kevin, onlly belong to E-Gold. Otherwise I would naturally be happy to send a nice substantial B-Day gift. Oh well...
  • #145
  • Mar 16, 2007 2:38pm Mar 16, 2007 2:38pm
Quoting mikeh3855
Sorry Kevin, onlly belong to E-Gold. Otherwise I would naturally be happy to send a nice substantial B-Day gift. Oh well...
Kevin,

Like mikeh, I was planning to donate generously from the profits on my EUR/USD trade. Alas, that trade went down the drain in a blaze of glory.

By the time next year rolls around and you hit 21, I'm sure I'll be rolling in profits and can afford to do more.
Greetings from Guanajuato, Mexico
  • #146
  • Mar 16, 2007 3:00pm Mar 16, 2007 3:00pm
Quoting yen44x
Kevin,

Like mikeh, I was planning to donate generously from the profits on my EUR/USD trade. Alas, that trade went down the drain in a blaze of glory.

By the time next year rolls around and you hit 21, I'm sure I'll be rolling in profits and can afford to do more.
Remember about pool of beer http://forexfactory.com/images/icons/icon3.gif
Thomas
  • #147
  • Mar 16, 2007 3:05pm Mar 16, 2007 3:05pm
Quoting thomass
Remember about pool of beer http://forexfactory.com/images/icons/icon3.gif
Thomass,

Good to hear from you!

Believe me, that pool of beer is my driving force to excel in Forex.
Greetings from Guanajuato, Mexico
  • #148
  • Mar 16, 2007 3:15pm Mar 16, 2007 3:15pm
Quoting yen44x
Thomass,

Good to hear from you!

Believe me, that pool of beer is my driving force to excel in Forex.
You can count me in on that pool of beer

No current trades at the moment, I haven't had a lot of time this week to trade. But I am currently looking for a short in the EURJPY, we have a pin bar on the 4 hour and a dhlc on the daily and it seems to be straddling/bouncing off the sma. Will have to see what sundays open brings.
-i trade currencies at the airport-
  • #149
  • Mar 18, 2007 8:29pm Mar 18, 2007 8:29pm
Well that EurJpy short I was talking about in my last post, would've been good for about 50 pips from fridays close to slightly after todays open. But I was waiting for todays open to get in to it after seeing how market sentiment was going. But i'm sure we all saw the gap on it, so no trade, and then of course its now jumped way up from where it opened.
-i trade currencies at the airport-
  • #150
  • Mar 18, 2007 9:10pm Mar 18, 2007 9:10pm
Quoting rideblitz
Well that EurJpy short I was talking about in my last post, would've been good for about 50 pips from fridays close to slightly after todays open. But I was waiting for todays open to get in to it after seeing how market sentiment was going. But i'm sure we all saw the gap on it, so no trade, and then of course its now jumped way up from where it opened.
Indeed! JPY crosses in general are looking rather good for long now I would say. Looking at the 3 hour charts, they have all gapped down over the weekend and have reversed back to way above Friday's close. When my daily candles kick in, I expect to see an upwards gap which is a good sign according to Mr. Nison. Things are looking good for this week and my long JPY crosses, but I'm not getting my hopes up considering last week..

Wish everyone the best of luck,

Kevin
  • #151
  • Mar 18, 2007 9:36pm Mar 18, 2007 9:36pm
20 0n the 20th very interesting. Perhaps this is a very good omen, i.e. 20/20 vision in formulating your future sucess!

wwh
  • #152
  • Mar 19, 2007 12:30am Mar 19, 2007 12:30am
Quote
20 0n the 20th very interesting. Perhaps this is a very good omen, i.e. 20/20 vision in formulating your future sucess!

wwh

Hey wwh,

Don't get your hopes up! Here's the latest on where I see GBP/JPY heading:

Alright, I have plotted some speed resistance lines on my JPY crosses, and all seem to point to the same thing: we are at a resistance. For those of you not familiar with speed lines, the bottom line is the only one that I actually drew in; much like drawing fib retracements. Let's call this bottom line #1 and count up from there. You can see that after the low on March 5th resistance is tested at Speed Line #3. The price is currently ON this resistance line; making market conditions somewhat iffy. Given the recent strength of Sunday, I am venturing a guess that resistance will be broken today. If this ends up happening, we may get a chance to cash in our long trades (if we have them)

Here's a picture of what I'm talking about in GBP/JPY on Daily:
Attached Image
  • #153
  • Mar 19, 2007 9:33am Mar 19, 2007 9:33am
Looking at my JPY crosses again, the speed line I mention in my previous post has been breached $! When we zoom in on the 3 hour chart for GBP/JPY as seen below, you can see the purple speed line has been surpassed but it is stalling at previous March 9th resistance denoted with a red horizontal line. You can see that my T/P is coincidentally at March 12th's high, which is also where the 20 period DAILY SMA is currently(green line).

Best of luck,

Kevin
Attached Image
  • #154
  • Mar 19, 2007 9:36am Mar 19, 2007 9:36am
Quoting kharvell
Looking at my JPY crosses again, the speed line I mention in my previous post has been breached $! When we zoom in on the 3 hour chart for GBP/JPY as seen below, you can see the purple speed line has been surpassed but it is stalling at previous March 9th resistance denoted with a red horizontal line. You can see that my T/P is coincidentally at March 12th's high, which is also where the 20 period DAILY SMA is currently(green line).

Best of luck,

Kevin
Good observation Kevin, i've been holding onto a long for a while now hopefully it will make its way up as you said!!
fall down seven times, get up eight!
  • #155
  • Mar 19, 2007 5:06pm Mar 19, 2007 5:06pm
New Trade:

USD/CHF Long @ 1.2122 TP 1.2315

Short and sweet today . . . hopefully this trade is too.
Greetings from Guanajuato, Mexico
  • #156
  • Mar 19, 2007 5:46pm Mar 19, 2007 5:46pm
Quoting yen44x
New Trade:

USD/CHF Long @ 1.2122 TP 1.2315

Short and sweet today . . . hopefully this trade is too.
One for me too pls :]

BTW,to those who have been using demo IBFX to have access to "no weekend data" charts (I had). They changed it and from today there is weekend data on their charts :/
Crap, I'm moving to Oanda.

Regards
Thomas
  • #157
  • Mar 19, 2007 6:21pm Mar 19, 2007 6:21pm
Quoting yen44x
New Trade:

USD/CHF Long @ 1.2122 TP 1.2315

Short and sweet today . . . hopefully this trade is too.
USD/CHF looks good for a long indeed! Best of luck

Quote
One for me too pls :]

BTW,to those who have been using demo IBFX to have access to "no weekend data" charts (I had). They changed it and from today there is weekend data on their charts :/
Crap, I'm moving to Oanda.

Regards

Before you move to Oanda, keep in mind all the charting capabilities you'll be sacrificing... The one thing I do like about Oanda however is the ability to make trades anywhere without a stand-alone app. I do think that if you want an MT4 charting package that FXCM(or maybe is was FXDD?) excludes weekends. BTW, I didn't know you were still demoing?! When are you going to go live?

Regards,

Kevin

PS I'm really looking forward to this pool of beer in one year May I request Bud Ice or perhaps Corona?
  • #158
  • Mar 19, 2007 6:38pm Mar 19, 2007 6:38pm
Quoting kharvell

PS I'm really looking forward to this pool of beer in one year May I request Bud Ice or perhaps Corona?
From your profile, someone else will have to buy

Happy BDay tomorrow.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #159
  • Mar 19, 2007 6:40pm Mar 19, 2007 6:40pm
Quoting kharvell
USD/CHF looks good for a long indeed! Best of luck



Before you move to Oanda, keep in mind all the charting capabilities you'll be sacrificing... The one thing I do like about Oanda however is the ability to make trades anywhere without a stand-alone app. I do think that if you want an MT4 charting package that FXCM(or maybe is was FXDD?) excludes weekends. BTW, I didn't know you were still demoing?! When are you going to go live?

Regards,

Kevin

PS I'm really looking forward to this pool of beer in one year May I request Bud Ice or perhaps Corona?
If my account allows, you can request anything you want
I use Oanda and former IBFX just to observe signals, but trade live. Sadly my broker includes weekend data, so I place my orders here and look at charts there in Oanda:] I'm OK with it.
I'll try FXDD now.
BTW at what time daily candle closes in Oanda? I'm in GMT+1 zone so probably the difference between us is 7 hours.
Thomas
  • #160
  • Mar 19, 2007 6:47pm Mar 19, 2007 6:47pm
Hmm
just noticed that NorthFinance also started to include weekend data.
What's wrong with them...
Thomas
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