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Attachments: Commodity Currencies: AUD, CAD and NZD
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Commodity Currencies: AUD, CAD and NZD

  • #61
  • Mar 16, 2010 10:29am Mar 16, 2010 10:29am
I forgot to mention that I have pending buy order at weekly S1 on U/Cad at 1.01230
  • #62
  • Mar 16, 2010 11:45am Mar 16, 2010 11:45am
Its finding some support at the monthly s2.

I'd prefer buying lower like you suggest though.


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  • #63
  • Mar 16, 2010 11:46am Mar 16, 2010 11:46am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
G'day Turner,
I took profit after 50 and 70 pips on 3,on U/Cad still have 2 open SL>B/E

the same for long A/U and short U/Chf, I like the U/Chf trade, as i told you that one needed to be hold for a while (now 85 pips* 4 position from 1.0640), I'll close 2 before the news SL>B/E

everything according to the plan
Congrats on your profits!
Still got my U/C running. But as mentioned I might close it soon.
With only that one trade I should take those nice green pips.
On my U/CHF i did something really stupid. set my SL to BE too early (when beein at +20) and got stopped by 1 pip out last night on that last spike up before it turned south...
(stupid!!!) but I keep on learning ... especially from such mistakes.
"Blue Horseshoe loves Anacott Steel!"
  • #64
  • Mar 16, 2010 11:52am Mar 16, 2010 11:52am
Quoting Tuner
Congrats on your profits!
Still got my U/C running. But as mentioned I might close it soon.
With only that one trade I should take those nice green pips.
On my U/CHF i did something really stupid. set my SL to BE too early (when beein at +20) and got stopped by 1 pip out last night on that last spike up before it turned south...
(stupid!!!) but I keep on learning ... especially from such mistakes.
thanx mate,
you stopped out of U/Chf short? why? I told you that's a very good setting,
but dont worry , you can take a nice long at 1.0510 on U/chf if it gets there,
as you said I'm thinking of reducing my exposure before the news,
  • #65
  • Mar 16, 2010 11:54am Mar 16, 2010 11:54am
Quoting Poocher
Its finding some support at the monthly s2.

I'd prefer buying lower like you suggest though.


Attachment
you can put a pending buy order at weekly S1 ,1.0123 ,
BTW, i'm short this pair U/Cad now, but will buy at weekly S1
  • #66
  • Mar 16, 2010 11:55am Mar 16, 2010 11:55am
I'm taking profit on some A/u long from .9100 with +50 pips, the rest SL>B/E, i still see some potential as i mentioned regarding the rectangle formation
  • #67
  • Mar 16, 2010 12:26pm Mar 16, 2010 12:26pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
thanx mate,
you stopped out of U/Chf short? why? I told you that's a very good setting,
but dont worry , you can take a nice long at 1.0510 on U/chf if it gets there,
as you said I'm thinking of reducing my exposure before the news,
As I said... just beein stupuid in that trade. but never mind learned something without having to take a loss
Lookin forrward to the Long entry now.
Always unsure of how to setup those pending orders properly. (For the U/CHF I would place the stop around 1.0472 --> Jan. 28th low ?!)
You always set it fixed on 40 pips.. or looking for other important levels around the entry area?
For the CAD around 1.0090?!

Regards. Tuner
"Blue Horseshoe loves Anacott Steel!"
  • #68
  • Mar 16, 2010 12:32pm Mar 16, 2010 12:32pm
Quoting Tuner
As I said... just beein stupuid in that trade. but never mind learned something without having to take a loss
Lookin forrward to the Long entry now.
Always unsure of how to setup those pending orders properly. (For the U/CHF I would place the stop around 1.0472 --> Jan. 28th low ?!)
You always set it fixed on 40 pips.. or looking for other important levels around the entry area?
For the CAD around 1.0090?!

Regards. Tuner

I try to keep it simple, for A/U ,U/Cad , U/Chf 40-50 is more than enough , if it hits you are probably took a bad trade, for E/U I would say 50-60 for U/J 30 for G/U (that's a nightmare) 60-70
  • #69
  • Mar 16, 2010 12:58pm Mar 16, 2010 12:58pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
I try to keep it simple, for A/U ,U/Cad , U/Chf 40-50 is more than enough , if it hits you are probably took a bad trade, for E/U I would say 50-60 for U/J 30 for G/U (that's a nightmare) 60-70
Thank you.... Keep it simple sounds always good to me
btw...
I really like your clean setups and charts.. without the whole bunch of those "super-mega-indicators"
(While changing from one indicator in the beginning I know prefer to have my charts almost "naked" and keep to the basics. some MA, fibs and the S/R levels.)
Really appreciate you sharing your knowledge..charts and analysis here with us!
"Blue Horseshoe loves Anacott Steel!"
  • #70
  • Mar 16, 2010 3:00pm Mar 16, 2010 3:00pm
Shahab8b, on the AUD/USD we are reaching the 919x area again... are you not considering this to be a triple top pattern (trend reversal)?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #71
  • Mar 16, 2010 3:08pm Mar 16, 2010 3:08pm
we are in the right side I guess, holding long from .9100
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  • #72
  • Mar 16, 2010 3:10pm Mar 16, 2010 3:10pm
Quoting MarcVUM
Shahab8b, on the AUD/USD we are reaching the 919x area again... are you not considering this to be a triple top pattern (trend reversal)?
here is a good short place, I'm scalping short in .9190 area- while holding my longs , as my account allows me hedging
for calling it a reversal you need to wait and see PA around R at .9190 first,then wait for a break of S at .9100 area
then it would be a trip top, but to me
for now it's a rectangle continuation pattern
  • #73
  • Mar 16, 2010 3:14pm Mar 16, 2010 3:14pm
Quoting shahab8b
here is a good short place, I'm scalping short in .9190 area, as my account allows me hedging
for calling it a reversal you need to wait and see PA around R at .9190 first,then wait for a break of S at .9100 area
then it would be a trip top, but to me
for now it's a rectangle continuation pattern
I understand. I'm also taking into account the open orders with Oanda for shorts at 920x. Scares me a little to go up against so many open orders.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #74
  • Mar 16, 2010 3:15pm Mar 16, 2010 3:15pm
Quoting MarcVUM
I understand. I'm also taking into account the open orders with Oanda for shorts at 920x. Scares me a little to go up against so many open orders.
dont think about others too much, just put orders at right S/R you will be fine 75% of the time
weekly R1 is .9211 , that's good place to put a sell limit order
  • #75
  • Mar 16, 2010 3:25pm Mar 16, 2010 3:25pm
there is a short opportunity for N/U around 50% fib level at .71300
I put a sell limit order there
look at S/R levels that I'm looking at

plan your trades in advance dont make random calls
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  • #76
  • Mar 16, 2010 3:57pm Mar 16, 2010 3:57pm
Quoting Tuner
Thank you.... Keep it simple sounds always good to me
btw...
I really like your clean setups and charts.. without the whole bunch of those "super-mega-indicators"
(While changing from one indicator in the beginning I know prefer to have my charts almost "naked" and keep to the basics. some MA, fibs and the S/R levels.)
Really appreciate you sharing your knowledge..charts and analysis here with us!
you are welcome ,
you mentioned a good thing, I notice some traders are running multiple computers and charts and indicators and complex systems to make a trade,I think if you trade with pending orders at S/R and fib levels and from time to time look at few indicators you can get the better result.

anyways,what did you do with the short U/Cad? any open position on A/U?
  • #77
  • Mar 16, 2010 4:19pm Mar 16, 2010 4:19pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
you are welcome ,
you mentioned a good thing, I notice some traders are running multiple computers and charts and indicators and complex systems to make a trade,I think if you trade with pending orders at S/R and fib levels and from time to time look at few indicators you can get the better result.

anyways,what did you do with the short U/Cad? any open position on A/U?

well. many different styles of trading. if someone likes all the indicators and found a consistent working system for him/her....fine.
still considering myself a newbie... the first time..going through the net..you find a new system/indicator every day.. got really confused with that.
So back to the "basics".

Got out of my U/Cad a bit before the news.. for 75 pips.
No position at A/U at the moment. (no good entry point today (during the time I am able to trade)
so.. not in any trade at the moment but got my pending orders set
U/C and and U/CHF
Just taking a look at your setup for short N/U. looks nice indeed.

(Still waiting for my "old" brokers withdrawal to fund my new account. till then..not too many trades at once possible. will have to decide )
"Blue Horseshoe loves Anacott Steel!"
  • #78
  • Mar 16, 2010 4:59pm Mar 16, 2010 4:59pm
my short N/U order at .71300 got filled I'll add up to short at weekly R2 at .7163 if it get there, SL=.7180
  • #79
  • Mar 16, 2010 5:04pm Mar 16, 2010 5:04pm
Quoting MarcVUM
I understand. I'm also taking into account the open orders with Oanda for shorts at 920x. Scares me a little to go up against so many open orders.
did you take short at weekly R1 at .9211 in A/U as I suggested?
  • #80
  • Mar 16, 2010 5:12pm Mar 16, 2010 5:12pm
Quoting shahab8b
did you take short at weekly R1 at .9211 in A/U as I suggested?
Yes, and I'm waiting...I have ma support at 9180
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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