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Simplicity is the Key

  • #1,581
  • Apr 12, 2007 4:41pm Apr 12, 2007 4:41pm
I am over +30 pips combine now, if some of you are conservative trader, i understand if you exited now. I will stay for a little longer perhaps until london open.
  • #1,582
  • Apr 12, 2007 5:36pm Apr 12, 2007 5:36pm
Quoting trader101
You have a good broker, ours are greedy 9 pips spread but i have to bite the bullet GJ delivers double. GJ is GUxUJ
This quote shed a lot on how I will trade in the future. I know that the formula is probably really basic but I am new to trading all three pairs and the formula helped me nab about $1,000 in a short time frame. I am learning as I go. A few lessons have been expensive but I am trading pretty conservative. Thanks so much for your help.
  • #1,583
  • Apr 12, 2007 6:58pm Apr 12, 2007 6:58pm
I exited out of my trades except g/j still holding on.
  • #1,584
  • Apr 12, 2007 7:31pm Apr 12, 2007 7:31pm
I keep this until London open...
  • #1,585
  • Apr 12, 2007 8:35pm Apr 12, 2007 8:35pm
I lost the gj because i forget to increase the SL. so far still almost break even with the 35 loss on gj. i had to run an errand thats why.
  • #1,586
  • Apr 12, 2007 8:38pm Apr 12, 2007 8:38pm
I have to drop the UJ iit is just a load, at -20 i drop it
  • #1,587
  • Apr 12, 2007 8:41pm Apr 12, 2007 8:41pm
i droo the uj at -24 so i am short of -59 now that have to be carried by nzd and eur currently +56 combine
  • #1,588
  • Apr 12, 2007 10:13pm Apr 12, 2007 10:13pm
UPDATE-- New Trade 4-12-07
MY New Trade 4-12-07
27. Buy Nzdjpy @ 86.93 Currently +39
28. Buy eurjpy @160.61 Currently +5
29. Buy gbpjpy @ 235.84 Closed Loss -24
30. Buy usdjpy @ 119.16 Closed Loss -35
  • #1,589
  • Apr 13, 2007 12:24am Apr 13, 2007 12:24am
Update my trades

27. buy nzdjpy @ 86.03 Closed +27
28. buy eurjpy @ 160.62 Closed +10
29. buy gbpjpy @ 235.68 Closed -10
30. buy usdjpy @ 119.16 Closed -21

Thank you so much T101.
Regards
  • #1,590
  • Apr 13, 2007 4:32am Apr 13, 2007 4:32am
CLOSED TRADES
27. Buy Nzdjpy @ 86.93 Closed Profit +45
28. Buy eurjpy @160.61 Closed Profit +10
29. Buy gbpjpy @ 235.84 Closed Loss -24
30. Buy usdjpy @ 119.16 Closed Loss -35



PIP TALLY FOR THE WEEK
Tuesday ----103 pips
Wednesday--166 pips
Thursday --- -56 pips
---------------------------------
  • #1,591
  • Apr 13, 2007 4:37am Apr 13, 2007 4:37am
New Trade 4-13-07
(Valid up to 5:45am)

31. Sell GBPjpy @ MP
32. Sell EURjpy @ MP
SL 35 TP-TBA
  • #1,592
  • Apr 13, 2007 4:40am Apr 13, 2007 4:40am
[UPDATE--- NewTrade 4-13-07
(Valid up to 6:00am)

31. Sell GBPjpy @ 235.11
32. Sell EURjpy @ 160.17
SL 35 TP-TBA
GOOD LUCK.
  • #1,593
  • Apr 13, 2007 4:52am Apr 13, 2007 4:52am
Trader,
Please explain your change of heart...... Why the short and not a rebound of GJ?
  • #1,594
  • Apr 13, 2007 4:58am Apr 13, 2007 4:58am
Quoting Big P
Trader,
Please explain your change of heart...... Why the short and not a rebound of GJ?
You may find it funny, but is used to say this in the early part of this thread.."All my ducks are now coming back" or "this is my bus ride home". Some of those loyal reader of this thread understand what i mean. In tech term G/J (being the strongest) my indicators give a reverse signal. Not just a rebound...
  • #1,595
  • Apr 13, 2007 5:05am Apr 13, 2007 5:05am
Two of the other JPY pairs had just cross my sell region the CAD and AUD but i need confirmation from my other indicator, I used to say before ...my ducks are slowly swimming to the other side of the river and im waiting for them to come up. The confirmation sometimes will occur between 30 min to 1 hour.
  • #1,596
  • Apr 13, 2007 5:10am Apr 13, 2007 5:10am
Quoting trader101
You may find it funny, but is used to say this in the early part of this thread.."All my ducks are now coming back" or "this is my bus ride home". Some of those loyal reader of this thread understand what i mean. In tech term G/J (being the strongest) my indicators give a reverse signal. Not just a rebound...
What is your target in the GJ short?
  • #1,597
  • Apr 13, 2007 5:10am Apr 13, 2007 5:10am
Quoting trader101
Two of the other JPY pairs had just cross my sell region the CAD and AUD but i need confirmation from my other indicator, I used to say before ...my ducks are slowly swimming to the other side of the river and im waiting for them to come up. The confirmation sometimes will occur between 30 min to 1 hour.
I will call this trade once the confirmation occur. Keep watching.
  • #1,598
  • Apr 13, 2007 5:14am Apr 13, 2007 5:14am
Quoting Big P
What is your target in the GJ short?
This could go to as high as 200 pips but i would say 60 for now.
  • #1,599
  • Apr 13, 2007 5:23am Apr 13, 2007 5:23am
UPDATE--- NewTrade 4-13-07
(Valid up to 6:00am)

31. Sell GBPjpy @ 235.11 Currently +23
32. Sell EURjpy @ 160.17 Currently +5
  • #1,600
  • Apr 13, 2007 8:07am Apr 13, 2007 8:07am
Quoting trader101
UPDATE--- NewTrade 4-13-07
(Valid up to 6:00am)

31. Sell GBPjpy @ 235.11 Currently +23
32. Sell EURjpy @ 160.17 Currently +5
Did you get to capture any of those GJ pips? I'm thankful I didn't follow you on that one. I was actually still long and closed one pip from peak on that Brown announcement. I almost suffered a huge hit on that one. All the best. - P
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