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Cool Runnings intraday swing trading

  • #1,521
  • Jun 19, 2009 6:59am Jun 19, 2009 6:59am
That is okay, you can post it on your blog.

I have learned a long time back that smaller targets are easier to get.

I basically use the 15min chart, and will go for areas that show stall, I have too many ideas, so I try to keep my trades simple, lol.

I target 6 to 10 pips usually on every trade, but I also have some long term trades that I always target less then 100 pips.

I can make a lot of pips in one month using the small target range, and your right, a pip is a pip, and if you can lock it in, then you can always trade again.

No, I can't sleep, I have my water in the orchard going, and I have to check it every few hours, summer time is awesome.

Ken
  • #1,522
  • Jun 19, 2009 7:28am Jun 19, 2009 7:28am
Quoting monarch
I notice you post 1Hour charts, do you only trade from this time frame, and do you only trade the setups you have been showing on your blog?
...................No, I can't sleep, I have my water in the orchard going, and I have to check it every few hours, summer time is awesome.
Thanks, Ken
So you don't live in Monarch Bch? LOL. Did you read that post where I asked you that? What type of orchard?

I'll put up these three charts. After a nap, I will outline them better on the blog, or I will probably just make a video. It's easier than doing all the typing. There was a wedge on the EURJPY that pushed up against the 134.50, and broke for 60. There a s a consolidation squeeze on the GBPUSD, that once it broke the .6372 R line, it broke for about 65. The trade I took, just because I've become most comfortable with the PA on the GBPJPY, was a break out of a range, and I entered on a break of the 158.50 psyche level. I got out of it with 100 pips. I didn't trade all three setups because, the 2 Yen pairs are too closely related. My first choice was the GBPJPY, and the other too were linked somehow, and have too similar PA. Any moves, if negative would have been, a double loss, so that is why I only traded one. Here are the charts...... the green lines on the GBPJPY was the range I was watching, waited for the break out of the range, and confirmation of the move, to enter the trade, when it broke 158.50.

The other two setups were not as clear cut as they usually are. As I had mentioned in the posts around the time the setups formed, PA was iffy. I didn't like the PA. The price whipped in both directions too much, and didn't keep in the squeeze zone as I like to see them do. But looking at the charts, they really weren't that bad. For me, the GBPJPY was the clearer setup. I'm just glad I took the GBPJPY because it always moves the most. Hope this helps. I will try to clear it up on the video, when I'm not so tired.
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  • #1,523
  • Jun 19, 2009 7:44am Jun 19, 2009 7:44am
Quoting icarusfx
hi monarch

usd/jpy res @ 97.26 should give some quick pips once broken.

we'd probably see gbp/usd break 160 then as well.... well maybe lol

sorry should read gbp/jpy break 160
Yeah Icarus, 159 is holding pretty well as support on the GBPJPY. Going into NY, risk appetite is starting off the day. I'd think of going long here, but I need to go to sleep. I like to watch PA. I hate to "Set it, and forget it." Have a good weekend!
  • #1,524
  • Jun 19, 2009 7:46am Jun 19, 2009 7:46am
No I don't live at Monarch Beach, really don't even know where it is, even though I have heard of it before.

I really like the Monarch Lion, but I am starting to like the butterfly more.

I have both walnuts and pecans, and in the summer, I have to water every 3 weeks, it takes about 50 hours to water the complete orcard running thousands of gallons from the water table OUCH. LOL

Okay, I have some errands to do, will check in this afternoon.

Cheers, will be looking for your blog update.
  • #1,525
  • Jun 19, 2009 8:40am Jun 19, 2009 8:40am
Quoting monarch
I like your style of exit, can you give a chart or two with your trade setups and how you define your targets, that would be awesome.

Thanks, Ken

yeah i'll put some up next week for some new trades

my 1st tp point is defined by my sl.... as i look for 1:1 on my first trade ill only (mostly) get into a trade if my 1:1 tp can be hit befor any r/s areas are challanged other wise I feel the risk is to high.

catch you all next week

enjoy the w/e
  • #1,526
  • Jun 19, 2009 9:16am Jun 19, 2009 9:16am
i slept right through late london early NY, very tired.

Desperate the charts are the same just some fibs thrown on their makes it look busy plus some trendlines. The 1000pip weeks will be back, i miss those times, recently my trading has not been the same but thats trading.
  • #1,527
  • Jun 21, 2009 2:08pm Jun 21, 2009 2:08pm
Quoting Tatton
i slept right through late london early NY, very tired.

Desperate the charts are the same just some fibs thrown on their makes it look busy plus some trendlines. The 1000pip weeks will be back, i miss those times, recently my trading has not been the same but thats trading.
hi tatton

ok, hope u had a good weekend

catch u later

john
  • #1,528
  • Jun 21, 2009 9:13pm Jun 21, 2009 9:13pm
Hello guys,

Hope you all had a good weekend, and for those of you celebrating, Happy Father's Day!

With my kids, so it took me longer than I wanted to get these done and uploaded to youtube.

See you later toward London.
  • #1,529
  • Jun 22, 2009 12:03am Jun 22, 2009 12:03am
It has come down since Tokyo open and has found a range between 157.67 and 158.50. These were key S/R going into London on Friday. I'm watching for break and hold out of the range, maybe even as soon as a break of support at 158.
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  • #1,530
  • Jun 22, 2009 12:14am Jun 22, 2009 12:14am
133.26 is holding as support and 133.69 is holding as top. a Break on either JPY pairs maybe short lived, or it could carry into London, so if you take a trade, keep stops tight or keep a close eye on the PA. The week is young, don't force anything. 158.50 and 139.69 may keep them contained, as PA has slowed down this hour so far.
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  • #1,531
  • Jun 22, 2009 12:48am Jun 22, 2009 12:48am
Price has been stuck between the the upper resistance levels and pivots. On the GBPJPY the Daily and Weekly pivots are almost on top of each other. The GBPUSD is finding support on the Daily pivot .6479

GBPJPY just broke support of the Weekly pivot
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  • #1,532
  • Jun 22, 2009 1:04am Jun 22, 2009 1:04am
Off to watch my a movie with my kids. Yes, it's late, but it was Father's Day so were being naughty. I'll check back in later.
  • #1,533
  • Jun 22, 2009 2:30am Jun 22, 2009 2:30am
Happy fathers day to all fathers.

i will be back for tomorrows asia-london session.
  • #1,534
  • Jun 22, 2009 2:44am Jun 22, 2009 2:44am
Hi Tatton I've only been following this thread the last month and I'm new to trading. Learning lots from FxDad. Looking forward to learning from you now you're back I know Dad thinks a lot of you!
  • #1,535
  • Jun 22, 2009 3:03am Jun 22, 2009 3:03am
Quoting LinksMan
Hi Tatton I've only been following this thread the last month and I'm new to trading. Learning lots from FxDad. Looking forward to learning from you now you're back I know Dad thinks a lot of you!
FXDAD is doing a great job, i will not be very active here like i use to, not for a few more weeks but if you ever have any questions please ask.

i started this thread and for a few months gave out my trades as i took them, the results on the 1st page are those results. best thing you can do for yourself is to read and educate yourself about fx, its a tough business.
  • #1,536
  • Jun 22, 2009 3:29am Jun 22, 2009 3:29am
Quoting FX Dad
Price has been stuck between the the upper resistance levels and pivots. On the GBPJPY the Daily and Weekly pivots are almost on top of each other. The GBPUSD is finding support on the Daily pivot .6479

GBPJPY just broke support of the Weekly pivot
Ok, over time with the kids is over. "Paul Blart: Mall Cop", funny movie.

The GBPJPY made a little bit of a break below the pivots, but having trouble staying below the bottom of the range at 157.67.

GBPUSD Mmade the nicer move after breaking the Daily Pivot and dropped down to the Weekly pivot, but having difficulty staying below the .6430 S/R.

EURJPY made the push under 133.26, but finding heavy support at the major psyche level of 133.

London just got underway, so I think going into the next hour will tell if we're bear or bull today.

Just be aware that ECB President Trichet speaks in a half an hour.
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  • #1,537
  • Jun 22, 2009 3:34am Jun 22, 2009 3:34am
Quoting Tatton
FXDAD is doing a great job, i will not be very active here like i use to, not for a few more weeks but if you ever have any questions please ask.

i started this thread and for a few months gave out my trades as i took them, the results on the 1st page are those results. best thing you can do for yourself is to read and educate yourself about fx, its a tough business.
Thanks Tat! I'll get in touch when I get a free chance from the Dad duties. I think they are going to my ex's house tomorrow. We're all looking forward to your return Bud! Get some rest and hopefully we'll see you here tomorrow.
  • #1,538
  • Jun 22, 2009 3:38am Jun 22, 2009 3:38am
Quoting FX Dad
Ok, over time with the kids is over. "Paul Blart: Mall Cop", funny movie.

The GBPJPY made a little bit of a break below the pivots, but having trouble staying below the bottom of the range at 157.67.

GBPUSD Mmade the nicer move after breaking the Daily Pivot and dropped down to the Weekly pivot, but having difficulty staying below the .6430 S/R.

EURJPY made the push under 133.26, but finding heavy support at the major psyche level of 133.

London just got underway, so I think going into the next hour will tell if we're bear or bull...
Ok the continuation downward is making an effort now on the Yen pairs. If you had a chance to check out the videos, I discussed the major and minor psyche levels. They are coming into play now.
  • #1,539
  • Jun 22, 2009 3:42am Jun 22, 2009 3:42am
Quoting FX Dad
Ok the continuation downward is making an effort now on the Yen pairs. If you had a chance to check out the videos, I discussed the major and minor psyche levels. They are coming into play now.
Psyche levels aren't holding well as resistance yet. PA is a little funny. It is Monday, so it can be expected.
  • #1,540
  • Jun 22, 2009 4:00am Jun 22, 2009 4:00am
Quoting FX Dad
Ok the continuation downward is making an effort now on the Yen pairs. If you had a chance to check out the videos, I discussed the major and minor psyche levels. They are coming into play now.
If there isn't a break and hold of 157.50 on the GBPJPY, and 133 on the EURJPY, after the first 10 minutes of the next hour, I think it might retrace a bit, maybe back to the top of the Range. Of Course, it also depends on what Trichet has to say.

I have no open trades, so I may go to bed now folks. My kids will have me awake too early. 2am my time. Trade Safe!
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