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  • #1,301
  • Mar 16, 2009 8:35pm Mar 16, 2009 8:35pm
I've shorted the gbp/jpy pair just again off the 50% retracement from the last move down at 138.85. We'll see where it takes us as this trade is off of weekly resistance.
I dream, therefore I become.
  • #1,302
  • Mar 17, 2009 6:06pm Mar 17, 2009 6:06pm
Quoting mike w
How've you been my man?! I hope everything is going great for you. I'll shoot you a PM here in a bit.
Hey Mike,

I've been doing great... I've been trading mostly cable in and out, long and short... I'm mostly hanging in Eo's thread nowadays when I'm on the factory as we trade very similar systems. I'll post some cable setups off the daily and h4 in here every now and then ......

Good to see you posting in here again bro! We'll catch up later...

Take care bro!
Patience + Discipline - Greed = Success
  • #1,303
  • Mar 18, 2009 7:31am Mar 18, 2009 7:31am
Quoting mike w
I've shorted the gbp/jpy pair just again off the 50% retracement from the last move down at 138.85. We'll see where it takes us as this trade is off of weekly resistance.

We are now seeing a nice run down in the price and so I am placing my stops above the area of resistance right where my sell is- 138.80ish.
I dream, therefore I become.
  • #1,304
  • Mar 18, 2009 7:39am Mar 18, 2009 7:39am
Quoting mike w
We are now seeing a nice run down in the price and so I am placing my stops above the area of resistance right where my sell is- 138.80ish.
Excellent job bro!
Patience + Discipline - Greed = Success
  • #1,305
  • Mar 18, 2009 2:41pm Mar 18, 2009 2:41pm
Mike,

Did you catch that cad trade? It took a few days to get past some of those longs but It triggerd those limit orders below 2600 nicely LOL. Took partial profit @ 100 pips letting the rest run...hopefully we will get another drop like we have the last three times Have an nice day bro...

Regards,

Will

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadweek.gif Size: 13 KB
It's me...
  • #1,306
  • Mar 19, 2009 3:24pm Mar 19, 2009 3:24pm
Quoting AgentFx
Mike,

Did you catch that cad trade? It took a few days to get past some of those longs but It triggerd those limit orders below 2600 nicely LOL. Took partial profit @ 100 pips letting the rest run...hopefully we will get another drop like we have the last three times Have an nice day bro...

Regards,

Will

Attachment

Yes sir! we're at a point of solid weekly support at the moment now and the price may close the day as a pin or overall as a bullish bar. If so, I will go long again and target right back to where we came from.

I entered a long yesterday on the gbp/usd based on the buovb that formed on the daily at an area of support and just closed it out for 300+pips.
I've just entered shorts on the aud/usd and the eur/usd as we are at solid weekly resistance and both 4 hour bars showed as bearish pins. I'll post charts in a bit after I get some grub.

Have a good one, my man.
I dream, therefore I become.
  • #1,307
  • Mar 24, 2009 5:22pm Mar 24, 2009 5:22pm
Quoting mike w
Yes sir! we're at a point of solid weekly support at the moment now and the price may close the day as a pin or overall as a bullish bar. If so, I will go long again and target right back to where we came from.

I entered a long yesterday on the gbp/usd based on the buovb that formed on the daily at an area of support and just closed it out for 300+pips.
I've just entered shorts on the aud/usd and the eur/usd as we are at solid weekly resistance and both 4 hour bars showed as bearish pins. I'll post charts in a bit after I get some grub.

Have...
Alritey, I got stopped out of the aud/usd short for a minus of 42 piparoonis, while I'm still in the eur/usd short. Reason? Price closed the daily as an IB and price never broke up the previous bar where I placed my stops.

I'm adding another short here on the eur/jpy based on the daily pin bar weekly resistance. (read clockworks thread, you imbusiles). I can't even spell that.

Have a good one folks.
I dream, therefore I become.
  • #1,308
  • Mar 24, 2009 5:48pm Mar 24, 2009 5:48pm
lol good to see you back Mike.I didnt even know clockwork had a thread.

Quoting mike w
Alritey, I got stopped out of the aud/usd short for a minus of 42 piparoonis, while I'm still in the eur/usd short. Reason? Price closed the daily as an IB and price never broke up the previous bar where I placed my stops.

I'm adding another short here on the eur/jpy based on the daily pin bar weekly resistance. (read clockworks thread, you imbusiles). I can't even spell that.

Have a good one folks.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,309
  • Mar 28, 2009 8:12am Mar 28, 2009 8:12am
Alritey the euro and eur/jpy shorts are moving along nicely now. We're looking at a very solid pin bar on the eur/jpy weekly chart and also two bar highs on the euro.
The hot hand here, IMO, is the eur/jpy and so I'll be adding to that position on a break of the pin bar and trade it as a totally seperate order.
I dream, therefore I become.
  • #1,310
  • Mar 28, 2009 8:19am Mar 28, 2009 8:19am
Quoting Bones
lol good to see you back Mike.I didnt even know clockwork had a thread.
Yeah my man, and it's awesomely simple too. I've read through it probably 20 something times already and plan to keep doing so, just letting the material burn into my mind haha

Anyways, how've you been?! I hope everything is going good for ya!
I dream, therefore I become.
  • #1,311
  • Mar 31, 2009 6:00am Mar 31, 2009 6:00am
Yes everthings good Mike ,I spend most of my time on Hussins ,Daily Candle Chart ,thread and of course the J16 material....I will check out Clockworks thread for def now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,312
  • Mar 31, 2009 4:43pm Mar 31, 2009 4:43pm
Quoting mike w
Alritey the euro and eur/jpy shorts are moving along nicely now. We're looking at a very solid pin bar on the eur/jpy weekly chart and also two bar highs on the euro.
The hot hand here, IMO, is the eur/jpy and so I'll be adding to that position on a break of the pin bar and trade it as a totally seperate order.
I got stopped out in profit on the eur/jpy trade and the eur/usd trade is still running.

Last night, I made an order on the eur/gbp at .9265 short. Reasoning is the bearish outside vertical bar having broken to the downside.

For tonight, I am looking at the aud/usd and the nzd/usd. I have a pending short on the aussie at .6925 and a pending order for the nzd/usd at .5650.

The aussie order is based on the 4 hour beovb at resistance while the nzd/usd order is based upon the daily beovb AND 4 hour beovb that just formed.

have a good one everybody.
I dream, therefore I become.
  • #1,313
  • Mar 31, 2009 4:43pm Mar 31, 2009 4:43pm
Quoting Bones
Yes everthings good Mike ,I spend most of my time on Hussins ,Daily Candle Chart ,thread and of course the J16 material....I will check out Clockworks thread for def now
Nice! It's good to hear it.
I dream, therefore I become.
  • #1,314
  • Apr 1, 2009 2:29pm Apr 1, 2009 2:29pm
Quoting mike w
I got stopped out in profit on the eur/jpy trade and the eur/usd trade is still running.

Last night, I made an order on the eur/gbp at .9265 short. Reasoning is the bearish outside vertical bar having broken to the downside.

For tonight, I am looking at the aud/usd and the nzd/usd. I have a pending short on the aussie at .6925 and a pending order for the nzd/usd at .5650.

The aussie order is based on the 4 hour beovb at resistance while the nzd/usd order is based upon the daily beovb AND 4 hour beovb that just formed.

have a good one...
Alritey, update on the trades. The eur/gbp is still rolling nicely and I plan on holding it for quite a while. I closed out of the aussie trade early this morning for a loss of 20 pips and I didn't like the pa on the 4 hour while the nzd/usd never triggered before morning.
I dream, therefore I become.
  • #1,315
  • Apr 1, 2009 2:40pm Apr 1, 2009 2:40pm
As it stands now, we will be seeing a reversal back to the upside on the daily nzd/usd chart and so I will be taking a long position targeting .6000 if this happens.
Also, I'm noticing an awesome pin on the eur/cad to the downside. I'll be targeting the next major support area of 1.60 on a close and breakdown.


Once I'm done checking everything out at 5, I'll write back with more info.
I dream, therefore I become.
  • #1,316
  • Apr 1, 2009 2:43pm Apr 1, 2009 2:43pm
2 day pin bar on the eur/chf in the making.

Now all we do is wait for the setups to actually occur. Have a good day.
I dream, therefore I become.
  • #1,317
  • Apr 1, 2009 2:54pm Apr 1, 2009 2:54pm
just stopping in to say whats up Mike

Looks like you are chugging along just fine

Take care

Mike
  • #1,318
  • Apr 9, 2009 7:47pm Apr 9, 2009 7:47pm
Quoting mbqb11
just stopping in to say whats up Mike

Looks like you are chugging along just fine

Take care

Mike
Mike, What's up my man? Thanks for that, you are and always have been a huge part of my trading career. I've been in and out of the J16 thread like always just don't seem to post as much anymore. I really don't know why? Maybe I just don't feel the need to considering that I keep a "real" journal on paper and pen including my business plan, risk assession, MM, etc.

Anyways, I hope everything is going great for you brother and I'll shoot you a line via PM sometime soon.
I dream, therefore I become.
  • #1,319
  • Edited Apr 10, 2009 2:27pm Apr 9, 2009 8:01pm | Edited Apr 10, 2009 2:27pm
Update on the trades that I wrote about on here. The eur/cad hit it's target for a gain of 600 pips while the eur/gbp is still rolling right along. Other than that, I took short orders on the 7th on the eur/jpy, nzd/usd, and the cad/jpy. I've already taken profit on these trades as well.

The eur/jpy was based on the daily pin bar and the exits were placed at the PPZ area of 131. That was a nice gain of 300 pips.

The nzd/usd short order was based on a 4 hour BEOVB for a gain of 30 pips. (stopped out at 30)

Last but not least, the cad/jpy was based on the daily pin as well. I worked this trade a little differently than the others and I am getting a very solid feel for making trades this way. I took an aggressive strategy (on a more aggressive account) and opened the short on the pin bar close. This entry was at 81.58. You could clearly see the area of support/PPZ at 80.00. I placed this trade using a fairly large risk compared to most of the trades that I've taken. I closed it up at 80.75 before the support started to kick into play. No worries, quick and easy money.
I dream, therefore I become.
  • #1,320
  • Edited 5:04pm Apr 13, 2009 4:50pm | Edited 5:04pm
I've finally closed out the eu/rgbp trade for upwards of 250 pips.

Trades as I am seeing them now.

I jumped in two long positions a few days ago and another two today.

The two from the other day are the nzd/usd and the nzd/jpy. Entry on the nzd/jpy was 57.91 and 58.00 for the nzd/usd.

Today I entered two positons on the aud/usd and the aud/cad. Daily pin bars off of that very solid support area. Initial targets will be 91.00 for the aud/cad and .7700 for the aud/usd.
BTW, entries were at 89.20 and .7300.

I may enter a short on the usd/cad after eyeing it up a bit. beovb on the daily formed.
I dream, therefore I become.
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