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Silent Service Method

  • #7,001
  • Feb 2, 2010 8:12pm Feb 2, 2010 8:12pm
Closed short taken at the break of 1.40 when the price was sitting on sma 200, and took an agressive trade long . closing it now for 92 pip .

Quoting samer960
sitting on 200 sma . and almost at 50 fib .
time to book some profit maybe .
Attached Image (click to enlarge)
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  • #7,002
  • Feb 2, 2010 10:59pm Feb 2, 2010 10:59pm
Quoting samer960
Closed short taken at the break of 1.40 when the price was sitting on sma 200, and took an agressive trade long . closing it now for 92 pip .

Good trades!
  • #7,003
  • Feb 3, 2010 2:47am Feb 3, 2010 2:47am
Quoting clockwork71
By the way samer......

I see all these trades, if you keep it up.....you'll own the Burj Dubai Tower next year!



P.S. - I want a tour when you buy it mate!

Hello Chris,

It is no more Burj Dubai, it is called Burj Khalifa...b'cause Abu Dhabi bailed out Dubai.
-happyTrading-myFx.
  • #7,004
  • Feb 3, 2010 2:49am Feb 3, 2010 2:49am
Quoting samer960
LOL , If someone deserve this tower is you my friend not me , because u are a great trader and a gifted teacher too .
regards
samer

Very true
-happyTrading-myFx.
  • #7,005
  • Feb 3, 2010 3:14am Feb 3, 2010 3:14am
Hey guys, busy busy, just popping in with a few charts in case all you aluminium foil hat people are getting worried... I see the trend continuing...

Gold
Dollar Index
Ausralian Dollar
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Grabbing the bull by the horns!
  • #7,006
  • Feb 3, 2010 8:08am Feb 3, 2010 8:08am
welcome back , looking forward to more posts from u
regards
samer
  • #7,007
  • Feb 3, 2010 4:45pm Feb 3, 2010 4:45pm
For those of you short the NZD with me, congrats......

Now we see if we can FINALLY get through 70 for good.
  • #7,008
  • Feb 3, 2010 4:53pm Feb 3, 2010 4:53pm
Quoting clockwork71
For those of you short the NZD with me, congrats......

Now we see if we can FINALLY get through 70 for good.
Was just thinking of you
Chris
Do you ever trade against the trend? I really get annoyed to see some do that and when advice them you get blame!

What your favorite song?
  • #7,009
  • Feb 3, 2010 5:18pm Feb 3, 2010 5:18pm
Quoting egkid
Was just thinking of you
Chris
Do you ever trade against the trend? I really get annoyed to see some do that and when advice them you get blame!

What your favorite song?

I do trade against the trend sometimes, but only in obvious places. I have been buying the EUR/AUD for example.....but I am not trying to hold on forever either.

Favorite song? Hmmm.....maybe something by the band Massive Attack? ALthough, the Motorhead avatar I am using these days is a favorite band of mine when I was a little younger, and more wild? lol
  • #7,010
  • Feb 3, 2010 6:28pm Feb 3, 2010 6:28pm
What do you guys make of the daily BEOB on Cable? I read it like this..

The GU is sitting on weekly Resistance so go short with a tight stop if it makes a nice break of the 1.5900?

Or leave it alone with NFP tomorrow?
Learning to be rigid in my rules & flexible in my expectations
  • #7,011
  • Feb 3, 2010 7:00pm Feb 3, 2010 7:00pm
Quoting Treefingers
What do you guys make of the daily BEOB on Cable? I read it like this..

The GU is sitting on weekly Resistance so go short with a tight stop if it makes a nice break of the 1.5900?

Or leave it alone with NFP tomorrow?
I'll give you one opinion:

I didn't trust the short last week (but took it on demo for 250 or so pips.LOL), but I'm watching closely for a break of support and retest to enter short. A rejection would also be of interest (for a long) but I'm biased short and waiting for an entry.

Probably won't see what I want until Monday.

Edit:
Also of note, if you enter now, it's roughly a 200 pip stop, meaning you need it to go another 200 in your favor for 1:1 RR. I would like to get in with a smaller stop to increase the RR.
  • #7,012
  • Feb 3, 2010 8:50pm Feb 3, 2010 8:50pm
Quoting Treefingers
What do you guys make of the daily BEOB on Cable? I read it like this..

The GU is sitting on weekly Resistance so go short with a tight stop if it makes a nice break of the 1.5900?

Or leave it alone with NFP tomorrow?
My directional bias is short as well. Naturally, you would want to do it at the top of the range.....but that has passed. My suggestion is on the attached chart. (if you go short)

For what it's worth: NFP could very well decide which direction this goes anyway. You may not have a clear sign until Monday.....
Attached Image (click to enlarge)
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  • #7,013
  • Feb 3, 2010 9:03pm Feb 3, 2010 9:03pm
Check out these two charts (weekly and daily) I found on the Nasdaq today.)
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  • #7,014
  • Feb 3, 2010 9:46pm Feb 3, 2010 9:46pm
Quoting clockwork71
My directional bias is short as well. Naturally, you would want to do it at the top of the range.....but that has passed. My suggestion is on the attached chart. (if you go short)

For what it's worth: NFP could very well decide which direction this goes anyway. You may not have a clear sign until Monday.....
800 - 1000 pips

I will leave alone for now, that 1.5900 is a holding well.
Learning to be rigid in my rules & flexible in my expectations
  • #7,015
  • Feb 3, 2010 10:21pm Feb 3, 2010 10:21pm

Quoting clockwork71
For those of you short the NZD with me, congrats......

Now we see if we can FINALLY get through 70 for good.
  • #7,016
  • Feb 3, 2010 11:02pm Feb 3, 2010 11:02pm
For EG has come back to test my S/R line 0.875. i place a sell order at 0.87 with a stoploss 100 pips
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  • #7,017
  • Feb 4, 2010 5:13am Feb 4, 2010 5:13am
Gold has just rebounded from 50 fib and a nice pin bar on the daily.

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  • #7,018
  • Feb 4, 2010 6:14am Feb 4, 2010 6:14am
i am in it with a tight stop loss , it is an opportunist trade , i will be closing it at first sign of reversal
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  • #7,019
  • Feb 4, 2010 7:11am Feb 4, 2010 7:11am
Quoting samer960
i am in it with a tight stop loss , it is an opportunist trade , i will be closing it at first sign of reversal

Agreed. This is about knowing the trend, which is still up. Since it is.....take what it offers you, and no more.
  • #7,020
  • Feb 4, 2010 7:30am Feb 4, 2010 7:30am
q
Quoting clockwork71
Agreed. This is about knowing the trend, which is still up. Since it is.....take what it offers you, and no more.
Chris I have a query
Do you ever break your rule and increase you risk higher?
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