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Skracor's Thoughts and Journal of Trading

  • #81
  • Jan 7, 2010 6:54am Jan 7, 2010 6:54am
Bought Cable at 1.5929 SL set.
  • #82
  • Jan 7, 2010 7:14am Jan 7, 2010 7:14am
Here is the 15 min GU, was thinking the same as you, needed to see some sign of rejection of that double bottom.

The 5 min chart was where I took entry 1.5920.

Normally I will take 7 pips, I will see if we can get more out of it here.

10am Hour NY session, should get a good move either way.

Stop below the double bottom line.

Update: I was up 12 pips, then price came back to my entry, I exited here for now at break even.
This is probably why I normally just do the 7 pips automatically, because these setups give that over and over.
Watching here for solid rejection of the low areas.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15 Min NY.jpg Size: 54 KB
  • #83
  • Jan 7, 2010 7:22am Jan 7, 2010 7:22am
Good to have you along! This turned out to be an easy to spot trade hope the rest of the world saw it too.

Hey, if you need to take those 7 pips go right ahead I won't stop you from being profitable.
  • #84
  • Jan 7, 2010 7:45am Jan 7, 2010 7:45am
Yeah, I am so programmed to just do the same thing over and over.

I am trying to see your strategy, and play it a little differently.

What I think I will do, is trade normal setups with normal size, then on the ones that I expect to go further, trade 1/2 size.

This may help.

Also, what I am doing this week is focusing more on the 15 minute chart, I trade the 5 minute too much, and wanted to incorporate a few more pairs to trade.

So I have 6 pairs, all set on 15 minute, I will monitor patterns on those and trade any pair I see.

I will do this for a week or so, to see if it interferes with my normal 3 pair setups.

I wish you many pips on this GU.

Thanks for the charts and trade ideas, it is nice to have others who see some of the same thing.
  • #85
  • Jan 7, 2010 7:52am Jan 7, 2010 7:52am
Cable trade is coming along nicely.

SL adjusted.
  • #86
  • Jan 7, 2010 7:53am Jan 7, 2010 7:53am
OH YEA
  • #87
  • Jan 7, 2010 8:05am Jan 7, 2010 8:05am
Quoting Skracor247
Cable trade is coming along nicely.

SL adjusted.
so your tp is 1.5950 n then you will sell it again for 1.5920?
  • #88
  • Jan 7, 2010 8:35am Jan 7, 2010 8:35am
SL hit -21pips will look for another spot to enter long since no new Lower Low was made.
  • #89
  • Jan 7, 2010 8:39am Jan 7, 2010 8:39am
Quoting behman8850
so your tp is 1.5950 n then you will sell it again for 1.5920?
Not quite... I'm not selling right now, I'm buying until I see an area where Price may stall out on the longer Time Frame.
  • #90
  • Jan 7, 2010 9:31am Jan 7, 2010 9:31am
Made it all back on a Long Cable from 1.5912

+4 Pips for the day.
  • #91
  • Jan 7, 2010 10:03am Jan 7, 2010 10:03am
I Have not seen the number of opportunities for trades that I normally do. This could be because of the release of NFE tomorrow or the natural turning zones that the crosses I follow are in. Whatever the case may be the monitoring for good opportunities is diminished today and it has made waiting all the more tiresome. Patience is a thing not easily learned and the Market has a big stick for those particularly dense.

I will continue to wait in the hopes something materializes before the roll-over.
  • #92
  • Jan 7, 2010 10:30am Jan 7, 2010 10:30am
Will begin to look for a Buy opportunity in this region on the Cable.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_m15_01_07_10.gif Size: 16 KB
  • #93
  • Jan 7, 2010 11:22am Jan 7, 2010 11:22am
Long the Eur from 1.4318.
  • #94
  • Jan 7, 2010 11:27am Jan 7, 2010 11:27am
Euro trade chart. Some things are finally starting to shape up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15_01_07_10.gif Size: 15 KB
  • #95
  • Jan 7, 2010 11:38am Jan 7, 2010 11:38am
Even though I missed the entry this trade is doing its thing.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_m15_01_07_10.gif Size: 16 KB
  • #96
  • Jan 7, 2010 5:28pm Jan 7, 2010 5:28pm
Today's woulda, shoulda, coulda trade!

I seem to have a lot of these, I need to start taking advantage very soon! Today!(This is me yelling at myself to wake up.)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_m15_01_07_10.gif Size: 13 KB
  • #97
  • Jan 7, 2010 7:19pm Jan 7, 2010 7:19pm
Quoting Skracor247
Today's woulda, shoulda, coulda trade!

I seem to have a lot of these, I need to start taking advantage very soon! Today!(This is me yelling at myself to wake up.)
I see a lot of trades go without me, I think being patient for less trades is better then aggressive for more trades.

Pick the highest probability setup, trade that one, even if you only get one or two trades a day.

Keep it up, you're doing great, time will pay you very nicely.
  • #98
  • Jan 8, 2010 1:17am Jan 8, 2010 1:17am
Good London Morning open to you all!


Quick thought.

Cable has just entered H4 reversal zone. If there is a reversal pattern/formation with price not moving above the top of the zone, I am looking for price to go(at minimum) to the target area, at which point a new decision will have to be made.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_m15_01_08_10.gif Size: 18 KB
  • #99
  • Jan 8, 2010 4:29am Jan 8, 2010 4:29am
Quoting Skracor247
Good London Morning open to you all!


Quick thought.

Cable has just entered H4 reversal zone. If there is a reversal pattern/formation with price not moving above the top of the zone, I am looking for price to go(at minimum) to the target area, at which point a new decision will have to be made.

i cant see clearly your numbers on chart, Sir, will you please guide us your tgts in plain english numbers ? gbp can go down to what level?
Thanks for your help
  • #100
  • Jan 8, 2010 5:28am Jan 8, 2010 5:28am
Quoting behman8850
i cant see clearly your numbers on chart, Sir, will you please guide us your tgts in plain english numbers ? gbp can go down to what level?
Thanks for your help
This should help you.

Right click the image. Click "Open Link In New Tab". Click on the tab with the image. Then click on the image.

This should zoom you in enough to see everything very clearly. I don't use FF's Image viewer it's too small for me too.
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