Had my TP @ 9085. Waiting for some retrace now... But I will rather look for another nice entry point for another short.yes I know I am a chicken
no SL or TP yet just gonna ride it
- #14,082
- Jan 20, 2010 11:13am Jan 20, 2010 11:13am
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Had my TP @ 9085. Waiting for some retrace now... But I will rather look for another nice entry point for another short.
There is no buying going on at all...also next extreme level is 4041 so there is nothing in between this level ir 1079 and 1041...
Asian Session will be very very volatile...and i am seeing some big moves tonight to be honest...
Brace yourself be patient and the trade will come running to you
Let Price determine your future!
- #14,083
- Jan 20, 2010 11:29am Jan 20, 2010 11:29am
You are not a chicken..you are smart....
There is no buying going on at all...also next extreme level is 4041 so there is nothing in between this level ir 1079 and 1041...
Asian Session will be very very volatile...and i am seeing some big moves tonight to be honest...
Brace yourself be patient and the trade will come running to you
On my demo-account I just let my short run longer term... But on the real account I prefer to cash some sure pips in and look for another setup.
After some losses I learned to be more patient to find a good trade-setup.
and stop thinkin: "I will miss the big move and big profit"
I will watch the game and see what happens.
Good luck everyone!
"Blue Horseshoe loves Anacott Steel!"
- #14,084
- Jan 20, 2010 11:31am Jan 20, 2010 11:31am
well too late for me now i'm long at 9080 stood there for a while... if it goes down ahh what the hell will only lose some winings going 1 pip 1 dollar anyway
no SL or TP yet just gonna ride it
as long as you don't go to bed now without SL or TP
But sure you won't 
Good luck to you!
"Blue Horseshoe loves Anacott Steel!"
- #14,085
- Jan 20, 2010 11:50am Jan 20, 2010 11:50am
Can still work out for you... As I said I am also expecting some retrace now
as long as you don't go to bed now without SL or TP
Good luck to you!
Just an observation, Look at AUD/NZD looks so beautiful perfect curves , just like a rollercoaster
- #14,086
- Jan 20, 2010 12:37pm Jan 20, 2010 12:37pm
i had a huge cup of coffe at almost 2 hours ago and i can't sleep with open trade free floating i will take a loss and then go to sleep if it comes to that... sleep better = happiness
Just an observation, Look at AUD/NZD looks so beautiful perfect curves , just like a rollercoaster
AUD/NZD looks nice yeah.. But never traded that pair so far. I had a look at EUR/AUD. Read about that on another site. Said we are bouncing of that long time resistance line at the moment. on the monthly :o
Usually don't look at monthly charts a lot but looks interesting..
Think I will watch that
"Blue Horseshoe loves Anacott Steel!"
- #14,087
- Jan 20, 2010 12:42pm Jan 20, 2010 12:42pm
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
- #14,088
- Jan 20, 2010 12:56pm Jan 20, 2010 12:56pm
Hi All,
This is just a reminder of where we are from the charts that I posted on Sunday...I have played traded as per the chart and so have many others that traded with me...
http://www.forexfactory.com/showpost...ostcount=13734
All in All 150 neat pips have been made....
Looks good. Had also some shorts playing and took some parts of the cake.So... if not a secret.. How do you play out and set up your trades?
Set TP at support-levels or just let it run as the Long-term will lead us down?
"Blue Horseshoe loves Anacott Steel!"
- #14,089
- Jan 20, 2010 12:56pm Jan 20, 2010 12:56pm
Not looking too good for longs. We are obviously below daily and weekly pivots. S3 is at 0.9081 and 200 SMA at 0.9088 (4 hour chart) with monthly pivot 0.9010. Average weekly range for last year was around 300 pips. We've done 176 pips so far this week (high at 0.9279 and low at 0.9103). Last week's range was only 158 pips.
Attachment
Yeah, I closed my long early this AM for 5 pips
Still holding my shorts from a couple of weeks ago though which I posted Those swap charges are really no fun, so I'll be closing soon. My target was 8900 so it's nearing.
- #14,090
- Jan 20, 2010 12:57pm Jan 20, 2010 12:57pm
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
- #14,091
- Jan 20, 2010 1:05pm Jan 20, 2010 1:05pm
- | Commercial User | Joined Mar 2009 | 1,423 Posts
So... if not a secret.. How do you play out and set up your trades?
Set TP at support-levels or just let it run as the Long-term will lead us down?
The Exact Methodology for me is as follows:
1. Sunday After noon till market open I Sincearly do the following
a) Complete my charting for Aud,GBP,EUR,GBPJPY
- Major Supports and Resistance, Major Trendlines and Mark all extreme peak points on 4H,8H,1D,1W
b) Make a note of all major Candlestick patterns on 4H,8H,1D,1W
c) Go over the Fundamentals and what I am expecting per the news and adjust my charts.
d) Study the amount of risk that I can afford to take for both myself and my clients.
e) Place all the order in on all 4 pairs for scalp generally 20 pip stop and 15 pip take profit for minor Extremes and Major extremes ie swing trades 300 pip stops and tp of upto 600 pips...
This is about it...i tend to post my analysis on FF from time to time..
But all in all any time i take a position I have to have a solid reason to take a trade.
Hope this helps
Good Luck
GeppyG
Let Price determine your future!
- #14,092
- Jan 20, 2010 1:43pm Jan 20, 2010 1:43pm
Hi tuner,
The Exact Methodology for me is as follows:
1. Sunday After noon till market open I Sincearly do the following
a) Complete my charting for Aud,GBP,EUR,GBPJPY
- Major Supports and Resistance, Major Trendlines and Mark all extreme peak points on 4H,8H,1D,1W
b) Make a note of all major Candlestick patterns on 4H,8H,1D,1W
c) Go over the Fundamentals and what I am expecting per the news and adjust my charts.
d) Study the amount of risk that I can afford to take for both myself and my clients.
e) Place all the order in on all 4 pairs for...
Thank you very for sharing! Really sounds like a solid strategy to me!
For newbies (as I consider myself) a lot of the threads and posts in here can be confusing. Some then just tend to enter trades almost blind... just because one shouts out LONG.. or SHORT
(and yes I did so as well
)I got away from that now. Still follow the posts, consider it, think about it... and decide if it fits to your own style of trading. and the risk that you are willing to take.
The big fishes are not willing to give us their money without resistance I think.
There is a lot to learn about that business...a lot to win..and sometimes even more to lo lose!
Happy tradin to you and a lot of green pips in the end!
-Tuner-
"Blue Horseshoe loves Anacott Steel!"
- #14,095
- Jan 20, 2010 4:52pm Jan 20, 2010 4:52pm
- | Joined Sep 2007 | Status: Forex God | 1,492 Posts
I somehow liked the old AUD thread more. I get too distracted and even sometimes have a headache sieving thru all this stuff. No wonder I find it hard to make a green pip. Anyone feeling smart or experienced, might want to share their stats on myfxbook. You have the option to hide your balances and figures. Entries and exits only. Hard facts and no bollox. Equity curves never lie.
Good trading all, I can't contribute anything but a cool song.
- #14,098
- Jan 20, 2010 5:05pm Jan 20, 2010 5:05pm
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
