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  • #221
  • Apr 15, 2010 11:29am Apr 15, 2010 11:29am
UC short @ 1.0010 SL @ 1.0020 -1%
CJ long @ 92.95 SL @ 92.77 - 1%
EJ long @ 126.13, SL @ 125.78
AJ long @ 86.86, SL @ 86.65 - 1%

I got some awful spreads on these trades for some reason...didnt check them before I entered. Must keep an eye on spreads before I enter from now on.

That will be it for today and the week unless some great 4HR / daily setups present themselves later.

Gonna switch to just using Oanda from next week as MT4 is just pi*sing me off too much.
  • #222
  • Apr 15, 2010 12:08pm Apr 15, 2010 12:08pm
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  • #223
  • Apr 15, 2010 12:10pm Apr 15, 2010 12:10pm
Quoting lovejoy80
UC short @ 1.0010 SL @ 1.0020 -1%
CJ long @ 92.95 SL @ 92.77 - 1%
EJ long @ 126.13, SL @ 125.78
AJ long @ 86.86, SL @ 86.65 - 1%

I got some awful spreads on these trades for some reason...didnt check them before I entered. Must keep an eye on spreads before I enter from now on.

That will be it for today and the week unless some great 4HR / daily setups present themselves later.

Gonna switch to just using Oanda from next week as MT4 is just pi*sing me off too much.
Have you tried FXCM , been using them for 2 yrs , no complaints . They just added oil an metals , good luck , Gary
  • #224
  • Apr 15, 2010 1:57pm Apr 15, 2010 1:57pm
Was just looking for quick few pips back up too PPZ to sell on 1HR charts...went up but then stalled out on all @ BE and reversed on CJ and UC.

Long UC @ 1.0021, SL @ 1.0000, 1%
Short C/J @ 92.81, SL@ 93.15, 1%.

Could do with Oil breaking down out of its small range.

A/NZD hit SL a while ago....it didnt hit first target area on weekly chart...but on daily it hit an obvious area and reversed...an area that I missed.

TAG now @ 227.31%
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  • #225
  • Apr 15, 2010 2:00pm Apr 15, 2010 2:00pm
Quoting gjworley1952
Have you tried FXCM , been using them for 2 yrs , no complaints . They just added oil an metals , good luck , Gary
No, I'll have a look...My biggest gripe with MT4 (well on brokers I've used) is that it takes multiple attempts to get filed or close a trade at times when price is moving (not necessarily at news related times) when I never have a problem with re-quotes on Oanda and secondly in order to do pending orders for most pairs price must be 50-100 pips away whereas Oanda there is no minimum distance...not being able to put pending orders closer is really inconvenient at times as I have to stay and watch price or set an alert rather than just setting the order and moving on.
  • #226
  • Apr 15, 2010 4:09pm Apr 15, 2010 4:09pm
What yo guys think of this 1 breakout of 1.00343 usd/cad if i do it wrong let me know i wanna learn this good!!! (pending order at 1.00350


Thanks


http://i44.tinypic.com/140c939.gif
  • #227
  • Apr 15, 2010 4:29pm Apr 15, 2010 4:29pm
And another 1


http://i39.tinypic.com/fulu94.gif
  • #228
  • Apr 15, 2010 5:52pm Apr 15, 2010 5:52pm
Hey guys, love reading your posts on James16 thread and I wondered if you posted any where else. Kick ass thread, LoveJoy80!

I think this thread will motivate me to get my butt into bed earlier, so I can get out of bed earlier, and read this thread along with watch the charts more.

Thanks!

T.J.
  • #229
  • Apr 16, 2010 12:51am Apr 16, 2010 12:51am
Just woke up and saw my UC long and CJ short doing well...some decent moves on xxx/JPY in Asia.

CJ went to first main target area and now have a pin bar on 4HR so going to exit trade here...stop to BE on UC trade.
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  • #230
  • Apr 16, 2010 1:03am Apr 16, 2010 1:03am
Quoting ingmarforex
And another 1


http://i39.tinypic.com/fulu94.gif
If I'm not mistaken both of these have broken out now...so question answered. I like UC longs...a series of Hh and HL on 1HR chart
  • #231
  • Apr 16, 2010 1:03am Apr 16, 2010 1:03am
Quoting unlv_tj
Hey guys, love reading your posts on James16 thread and I wondered if you posted any where else. Kick ass thread, LoveJoy80!

I think this thread will motivate me to get my butt into bed earlier, so I can get out of bed earlier, and read this thread along with watch the charts more.

Thanks!

T.J.

Thanks...glad it will help motivate you.
  • #232
  • Apr 16, 2010 1:17am Apr 16, 2010 1:17am
Just had a quick look at my xxx/jpy charts...although I've banked some decent profit on playing these over the last 2 days I don't feel I've played them anywhere near as good as I could/should have. I posted earlier in the week saying that I was anticipating xxx/JPY to fall as all the 'signals' were there....thus I should still be holding xxx/JPY shorts and E/U shorts now...I need to stop going in and out of trades so much ...or maybe in addition to playing between PPZ areas I need to also have some trades which I'm willing to hold onto for a few days and add positions on major PPZ breaks / retracements.

E/J is a classic example...should be holding EJ shorts until 125 area

I'll post more detailed critical analysis with charts later.
  • #233
  • Apr 16, 2010 1:24am Apr 16, 2010 1:24am
Quoting lovejoy80
Just had a quick look at my xxx/jpy charts...although I've banked some decent profit on playing these over the last 2 days I don't feel I've played them anywhere near as good as I could/should have. I posted earlier in the week saying that I was anticipating xxx/JPY to fall as all the 'signals' were there....thus I should still be holding xxx/JPY shorts and E/U shorts now...I need to stop going in and out of trades so much ...or maybe in addition to playing between PPZ areas I need to also have some trades which I'm willing to hold onto for a few...
The worst thing you did was last night when (i again asked why. lol) you closed the dream entry of UC and went short right in the face of a BUOB.
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  • #234
  • Apr 16, 2010 1:32am Apr 16, 2010 1:32am
Quoting nasir.khan
.
Here are the Results.

Ej did not hit the sell order. EU worked out to the pip. I closed Gu by mistake while moving the stops so got in again. And GJ is the runner i was looking for.
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  • #235
  • Apr 16, 2010 1:53am Apr 16, 2010 1:53am
I knew a drop in xxx/JPY was coming ... the post below was a warning sign to expect JPY strength.

http://www.forexfactory.com/showpost...&postcount=129

Also look @ EU (picking EU and EJ as an example as this is the pair I played particularly badly!) despite dow soaring and the positive news last Sunday about the Greece laon agreement we couldn't get above the PPZ area of 1.3660 - 70 area...thus bias is defintely short. The fact Dow was soaring and xxx/USD were going up slightly but xxx/JPY were not moving were big signals that a drop was coming.

Then if you look at the location of EU (failure to get above PPZ mentioned above) and EJ is at a great setup (Rac's favourite for those who know his trading style)...PPZ, in between 50/61 fib retracement (all on daily) ... thus actively should be looking for some decent size shorts on xxx/JPY.

Look @ 4HR EJ...an obvious set up (after we had the first fake break of 127.11 support area) of a double top with great divergence....bang this is our big short opportunity @ 127.60 ish with SL above the PPZ and previous high (see dailty chart) @ 128.00....thus 40 pip SL.

Then it would have been a case of just selling on breaks of the PPZ areas on the way down...with an obvious overal target of 125 (61.8 % retracement of move, BRN and PPZ plus near rising TL). Thus selling on break with SL above each peak.

Thus selling @ 126.50 SL @ 127.15 and another short @ 125.90 SL @ 126.45

Overal result would have been 3 trades with 6.5R, 2.31R, 1.64R so 2% risked on each is 20.9% increase to account from one setup over a couple of days with normal money management.

You can see the double top and divergence and the whole move down between PPZ areas even more clearly on 1HR chart.

There were similiar setups on other xxx/JPY pairs and EU etc.

Thus although I played some decent trades this week and the account is doing really well...there is much improvement needed...I need to zoom out and take a step back at times to look at the bigger picture...after all I knew the move was likely to happen but was too zoomed in and too intent on playing the 1HR chart and being in and out (which is fine too) whereas my main focus should have been to trade the overal move down - I knew where price would go but played it very badly (I had two shorts on EJ 126.45 - 126.14 and 125.95 which got stopped out @ 126.14) as was too zoomed in and too intent on being in and out quickly.
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  • #236
  • Edited 1:58am Apr 16, 2010 1:56am | Edited 1:58am
To nasir

Very clean and good charts. Is there a thread here at FF that you would recommend especially ? I like the way you and lovejoy use simple tools like S&R, channels, etc. - although I can see you have lots of experience.

Very helpful, good trading to both of you and a big thanks!
Be like water.
  • #237
  • Edited 2:06am Apr 16, 2010 1:58am | Edited 2:06am
Quoting nasir.khan
The worst thing you did was last night when (i again asked why. lol) you closed the dream entry of UC and went short right in the face of a BUOB.
.
Yeah I know...I re-looked at my charts after your hint and was very angry...hence why I got out at BE...was a really bad mistake...been overtrading this week and lacking discipline over the last 2 days (I reckon cos the account is doing so well) and that was the result...I didnt even see the BUOB at the time and was just intent on closing down for the week.

Been too zoomed in to the hourly charts...didnt even look @ UC 4HR chart at the time...need to focus on looking at the bigger picture next week, taking less trades and holding them longer. I'd rather trade how you trade the G/J than just be in and out between PPZ areas - it's mentally tiring being in and out of a lot of trades all the time.

Not trading today as out for most of the morning...a good few days to clear my head, learn from my mistakes yesterday and come back more empowered on Monday
  • #238
  • Apr 16, 2010 2:00am Apr 16, 2010 2:00am
Quoting nasir.khan
Here are the Results.

Ej did not hit the sell order. EU worked out to the pip. I closed Gu by mistake while moving the stops so got in again. And GJ is the runner i was looking for.
.
well played my friend...a difficult start to the week, but your reward for patience is certainly playing off now.

Where are my GJ, EU and GU shorts...oh yeah closed them all yesterday
  • #239
  • Apr 16, 2010 2:01am Apr 16, 2010 2:01am
Quoting msmarple
To nasir

Very clean and good charts. Is there a thread here at FF that you would recommend especially ? I like the way you and lovejoy use simple tools like S&R, channels, etc. - although I can see you have lots of experience.

Very helpful, good trading to both of you and a big thanks!
J16

I learned each and every thing from there.
.
  • #240
  • Apr 16, 2010 2:07am Apr 16, 2010 2:07am
Quoting lovejoy80
well played my friend...a difficult start to the week, but your reward for patience is certainly playing off now.

Where are my GJ, EU and GU shorts...oh yeah closed them all yesterday
Ok LJ,

What i am going to tell you is what i have learnt myself i did not just read in the forums but i did experienced it myself.

1- Trade away from the range (consolidations) not towards them. (your UC trade last night)

2- Whenever you'r going to reverse your positions look at bar size you'r going against. (your eu gu trades last friday)
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