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  • #8,261
  • Feb 4, 2009 6:54am Feb 4, 2009 6:54am
hey all, i hope u r all fine and trading well
here is what i see about the cable; i will enter @ breakout of those levels highlighted on th chart and then sell it @ 4653
is there any confluence in what i see??
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.GIF Size: 34 KB
  • #8,262
  • Feb 4, 2009 7:21am Feb 4, 2009 7:21am
Here is my current long ....

eurusd

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
  • #8,263
  • Feb 4, 2009 7:23am Feb 4, 2009 7:23am
Quoting Shermenator
Here is my current long ....

eurusd

Attachment
I'm in this trade too. Good luck!

Update: Took 40 pips partial profit. Letting the rest ride till 1.2895 (my entry was at 1.2815).
  • #8,264
  • Feb 4, 2009 7:25am Feb 4, 2009 7:25am
Here is my other trade

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 28 KB
  • #8,265
  • Feb 4, 2009 7:28am Feb 4, 2009 7:28am
Quoting Shermenator
Here is my other trade

Attachment
Looking good, Sherm. Great trading!
  • #8,266
  • Feb 4, 2009 7:32am Feb 4, 2009 7:32am
I closed the euro at 45 pips. But waiting for the eur-gbp bucket.
Attached Image (click to enlarge)
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  • #8,267
  • Feb 4, 2009 7:49am Feb 4, 2009 7:49am
Went long on EURGBP with half of position at 0.8885, have another half at 0.8875. Looking good.
  • #8,268
  • Feb 4, 2009 7:52am Feb 4, 2009 7:52am
I have made 90 pips heavy and letting the rest run with 10 percent only since its a counter trend trade and its got stop at break even
  • #8,269
  • Feb 4, 2009 7:55am Feb 4, 2009 7:55am
If I'm long on EURGBP and have a short on EURUSD at 50 pips above the current price, what do you think? Can I hold on to both trades or it doesn't make sense? Do these pairs correlate?

Update: I kind of answered my own question . I secured the E-G at breakeven, given the fact that it's countertrend... The EURO short is a better bet.
  • #8,270
  • Feb 4, 2009 8:03am Feb 4, 2009 8:03am
Closed the EURGBP countertrend scalp at 20 pips. That's 105 pips today from 3 trades and absolutely no loss. WOW! (Earned me 2 pizza's and a beer)
  • #8,271
  • Feb 4, 2009 8:21am Feb 4, 2009 8:21am
Quoting Shermenator
Here is my current long ....

eurusd

Attachment
nice one, Shermenator

which level did you base that trade on?
1.2816? which is the previous low on your chart?
  • #8,272
  • Feb 4, 2009 8:26am Feb 4, 2009 8:26am
Quoting bumasoft
Closed the EURGBP countertrend scalp at 20 pips. That's 105 pips today from 3 trades and absolutely no loss. WOW! (Earned me 2 pizza's and a beer)
Well done Bumasoft.
RegardsPaul Eamonn
  • #8,273
  • Feb 4, 2009 8:29am Feb 4, 2009 8:29am
Quoting PaulEamonn
Well done Bumasoft.
Thanks, Paul
  • #8,274
  • Feb 4, 2009 8:35am Feb 4, 2009 8:35am
Here is my current short on oil easy money...

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 25 KB
  • #8,275
  • Feb 4, 2009 8:36am Feb 4, 2009 8:36am
Quoting Shermenator
Here is my current short on oil easy money...

Attachment
Perfect. Right at a good supply level.
  • #8,276
  • Feb 4, 2009 8:40am Feb 4, 2009 8:40am
Quoting bumasoft
Perfect. Right at a good supply level.
Yep....sell when retail buys and buy when retail sells its as simple as that...it works on every market
  • #8,277
  • Edited 9:19am Feb 4, 2009 8:43am | Edited 9:19am
Quoting bumasoft
Closed the EURGBP countertrend scalp at 20 pips. That's 105 pips today from 3 trades and absolutely no loss. WOW! (Earned me 2 pizza's and a beer)

Hi Buma..(and sherm).. well done..youre turning the tables...LoL
Now heres a "what IF.."

What IF these were 2x or 5x full retail lot trades...you are now up $2k+ / 5k ..real money.
are you thinking any differently about the next trade?
Are you feeling more risk positive or risk adverse?.. would you step back for an hour or two.. or feel you were on a roll...
Think about it...Its important to understand our own psycology when trading.. its not a daft question ..believe me. Its your only protection if you want to this seriously..LoL

Edit 15:52 CET Interesting situation developing in G$.. failed 3 times in an hour to jump the big number..
Edit 16:18 CET G$ Beakout for 65...Out now..
  • #8,278
  • Feb 4, 2009 8:52am Feb 4, 2009 8:52am
Quoting cliffedwards
Hi Buma..(and sherm).. well done..youre turning the tables...LoL
Now heres a "what IF.."

What IF these were 2x or 5x full retail lot trades...you are now up $2k+ / 5k ..real money.
are you thinking any differently about the next trade?
Are you feeling more risk positive or risk adverse?.. would you step back for an hour or two.. or feel you were on a roll...
Think about it...Its important to understand our own psycology when trading.. its not a daft question ..believe me. Its your only protection if you want to this seriously..LoL
Well I am happy you think outside the box of the normal trader....congrats keep on trading.
  • #8,279
  • Feb 4, 2009 9:28am Feb 4, 2009 9:28am
My current trades.
Attached Image(s) (click to enlarge)
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  • #8,280
  • Feb 4, 2009 9:32am Feb 4, 2009 9:32am
Quoting kmouneer
hey all, i hope u r all fine and trading well
here is what i see about the cable; i will enter @ breakout of those levels highlighted on th chart and then sell it @ 4653
is there any confluence in what i see??
nice 50 pips till now
a possible retrace just testing the level and will head north again
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