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kharvell's Trades

  • #221
  • Mar 27, 2007 3:28am Mar 27, 2007 3:28am
Thanks! Was wondering about that!!

BP
  • #222
  • Mar 27, 2007 7:35am Mar 27, 2007 7:35am
This is great. Will check out this method. And thanks for the alteration for us MT4 users. Less screen time is desired instead of more but if this produces pips....
  • #223
  • Mar 27, 2007 5:45pm Mar 27, 2007 5:45pm
New Trade:

GBP/JPY Short @ 231.58
First target is @ 228.35

There are many other Short trade opportunities today on my charts: AUD/CAD, AUD/JPY, AUD/USD, CHF/JPY, EUR/JPY, GBP/CHF, NZD/JPY

Current Trade:

3/22 GBP/USD Short -23 pips
This trade has been meandering for 5 days now, but the Short signal has held, so we'll see what happens.
Greetings from Guanajuato, Mexico
  • #224
  • Mar 27, 2007 9:19pm Mar 27, 2007 9:19pm
I'm a little late in posting.

New (and now old) Trades:

Short GBPJPY @ 231.83
TP @ 230.83
TP HIT already (hence the old trade, haha)

Short GBPJPY @ 231.00
TP @ 230.00 (maybe more??)

Did the staggered trade, as I wanted to lock in a good amount of pips no matter what to offest my recent drawdown. Seems to have worked, so far.

P.S. You are welcome BP and Mike, glad I could help with the AOwInputs indicator, I figured I'd need it myself to try out so why not share with the group.
-i trade currencies at the airport-
  • #225
  • Mar 27, 2007 9:27pm Mar 27, 2007 9:27pm
Yeah...I entered the GBPJPY trade at the close of the day for a short at 231.77. I came back and looked at it before bed and it had gone down 110 pips....I couldn't remain patient so I cashed out....

Holy Cow Kevin...if your systems are always this good....I will buy you a pool and import some beer from Germany!!

Thanks...

BP
  • #226
  • Mar 27, 2007 10:31pm Mar 27, 2007 10:31pm
Quoting BearPaw
Yeah...I entered the GBPJPY trade at the close of the day for a short at 231.77. I came back and looked at it before bed and it had gone down 110 pips....I couldn't remain patient so I cashed out....

Holy Cow Kevin...if your systems are always this good....I will buy you a pool and import some beer from Germany!!

Thanks...

BP
Funny thing is that I am still long GBP/JPY from using my improved method, and a sell signal didn't quite form on my charts, so it wasn't enough to make me go short...

Anyway, I hope we both win if possible but seeing as how I'm down 200 pips, I'm guessing it may be you. My S/L is set at 230.00 and I'm going to honor it I believe.

Best of luck,

Kevin

PS

Check out this chart of GBP/JPY on hourly; looks as though you may be losing profits soon, unless we see a clear break of this resistance at the purple line(230.84ish).

Just a heads up,

Kevin
Attached Image
  • #227
  • Mar 27, 2007 11:19pm Mar 27, 2007 11:19pm
I agree . . . this will be an interesting trade. Right now (just after 12 a.m. EST), GBP/JPY is sitting on the 200 EMA on the 240-min. chart AND on the 60-min chart.

The 200 EMA often serves as support or resistance, so the next few hours may tell the story. If price can break through, the Short trade may go a while. If, on the other hand, it bounces back, Kevin may be right back in the money.
Greetings from Guanajuato, Mexico
  • #228
  • Edited 11:45pm Mar 27, 2007 11:35pm | Edited 11:45pm
Quoting rideblitz
I'm a little late in posting.

New (and now old) Trades:

Short GBPJPY @ 231.83
TP @ 230.83
TP HIT already (hence the old trade, haha)

Short GBPJPY @ 231.00
TP @ 230.00 (maybe more??)

Did the staggered trade, as I wanted to lock in a good amount of pips no matter what to offest my recent drawdown. Seems to have worked, so far.

P.S. You are welcome BP and Mike, glad I could help with the AOwInputs indicator, I figured I'd need it myself to try out so why not share with the group.
Rideblitz,

Great idea! After looking at your post and then Kevin's, I followed suit in locking up some profits. I closed my GBP/JPY trade at 100 pips profit and immediately reopened a new one since we have now broken through the short-term support and the 200 EMA.

It's still very early in this trading session, but any of the Short signals that appeared today per Kevin's method could have been cashed out by now for a tidy profit.
Greetings from Guanajuato, Mexico
  • #229
  • Mar 27, 2007 11:35pm Mar 27, 2007 11:35pm
Haha you guys win... I expect to be stopped out shortly.
  • #230
  • Mar 27, 2007 11:54pm Mar 27, 2007 11:54pm
Hey guys,

Nice move yen, locking in some pips! Sorry to hear you may get stopped out Kev.

I'm about 20 pips from my next TP. If/When this hits, I'll have locked in 200 pips profit tonight. If this does happen, and the bar [or next bar] closes past my short term SpeedLine/FiboFan 38.2 (Blue lines in Pic, Red is longer term Fan) I may open yet another short, heh.

I like these lines Kev, thanks for piquing (sp?) my interest in them, I'm using both these and the original method now.
Attached Image
-i trade currencies at the airport-
  • #231
  • Mar 27, 2007 11:57pm Mar 27, 2007 11:57pm
Quoting yen44x
Rideblitz,

Great idea! After looking at your post and then Kevin's, I followed suit in locking up some profits. I closed my GBP/JPY trade at 100 pips profit and immediately reopened a new one since we have now broken through the short-term support and the 200 EMA.

It's still very early in this trading session, but any of the Short signals that appeared today per Kevin's method could have been cashed out by now for a tidy profit.
Hey Yen,

Why open a new position if you can just move your S/L?
  • #232
  • Mar 28, 2007 12:12am Mar 28, 2007 12:12am
Quote
Hey Yen,

Why open a new position if you can just move your S/L?
You're right . . . it's difficult to explain in terms of logic. Moving the stop would accomplish the same thing. It's more the "feel-good" psychology of recording a win.
Wins (and losses) often seem to go in streaks. I guess I just like to start the win streak rolling.

For any old "Star Trek" fans, Spock would be shaking his head at my illogical answer, but it makes sense to me in a convoluted way.
Greetings from Guanajuato, Mexico
  • #233
  • Mar 28, 2007 12:28am Mar 28, 2007 12:28am
Well I hit my TP. And the 38.2 seems to be holding stong for now, so I'm going to call it a night as I'm tired, and need to get some rest. Talk to you all next time.
-i trade currencies at the airport-
  • #234
  • Mar 28, 2007 4:55am Mar 28, 2007 4:55am
lol Yen...as illogical as it may seem...I completely understand!!

I was a big wus, and closed out my short on the GBPJPY early for 120 pip gain....but what a nice gain!!

Thanks again for all!!

BP
  • #235
  • Mar 28, 2007 5:26pm Mar 28, 2007 5:26pm
Hey guys,

I haven't updated you on my status in quite some time:

Liquidate GBP/JPY @ 230.00 = -282 pips or -5.3%

Please keep in mind that I am risking 5% per trade and this is only ONE LOSS, so although it may seem bad in terms of numbers, it is only one loss to me.

Also, I have put another lot in short GBP/USD yesterday:

Short GBP/USD @ 1.9609
S/L = 1.9800
T/P = 1.9463


Since 3/8/07:
Total Pips: -129.9 pips
Total % Gain/Loss: 2.0%

Wish you all the best of luck! And good to see all you that shorted GBP/JPY faired better than me Darn Oanda charts...

And here is a visual of my current trades:
Attached Image
  • #236
  • Edited 7:48pm Mar 28, 2007 5:50pm | Edited 7:48pm
Current Trades:

3/22 GBP/USD Short +14
This pair has been stuck in a very tight channel for several days considering its usual volatility. That's exciting, because usually the longer it stays range-bound, the more explosive the move when it finally breaks out. It will be even more exciting for me if the breakout is to the short side.

3/27 GBP/JPY Short
Currently up 217 pips with 127 pips of profit locked in, so I'm now in free trade mode on this pair and just hoping the free fall continues.

Possible New Trade:

NZD/USD Short
There's a Short signal on my charts today, but I don't usually trade this pair. However, a possible head and shoulders pattern may be forming on a 120-minute chart with Momentum and MACD divergence. The right shoulder still needs to appear. If it does at around .7150, I'll take the Short because a tight stop loss would be possible with lots of downside potential. Otherwise, I'll pass and stick to my usual pairs.
Greetings from Guanajuato, Mexico
  • #237
  • Mar 28, 2007 5:54pm Mar 28, 2007 5:54pm
Kevin and Yen...thanks for your input.

Still in a short GBP trade like Yen.

Today I shorted the Euro.

I bought the CAD and the CHF.

Let's see how they fare.

BP
  • #238
  • Mar 28, 2007 6:02pm Mar 28, 2007 6:02pm
Quoting BearPaw
Kevin and Yen...thanks for your input.

Still in a short GBP trade like Yen.

Today I shorted the Euro.

I bought the CAD and the CHF.

Let's see how they fare.

BP
Hey BearPaw,

Looks like you are in some good trades. All three pairs are "flirting" with the lower bollinger band line, which usually indicates a reversal. The only pair I'd look out for some resistance on is USD/CAD. Here's a pic of my chart. It's having some trouble passing the first speed line as you can see, but a break of this speed line, will indicate you are in the right side.

Good luck,

Kevin
Attached Image
  • #239
  • Mar 28, 2007 7:12pm Mar 28, 2007 7:12pm
I need to read your previous posts about the speed lines.

Thanks Kevin.

BP
  • #240
  • Mar 29, 2007 4:53am Mar 29, 2007 4:53am
Hi there,

My trades:

Instrument: NZDUSD
Direction: Short
Entry: 0.7107
Stoploss: 0.7160
Target: SMA

So far it's in the red but hey, it's not like we are day trading here. These things take time to develop.

Also, Kevin, thanks for all your intellectual input, been reading all your threads and posts. Only one thing that's a problem for me now. As it's daily charts, I now have to actually do some work at work and not follow the markets.

Thanks again

Jay
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