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  • #461
  • Apr 20, 2010 8:17am Apr 20, 2010 8:17am
Quoting lovejoy80
That can be the difficulty I find with touch trades which are counter trend...
That's what i am working nowadays.
.
  • #462
  • Apr 20, 2010 8:18am Apr 20, 2010 8:18am
Quoting jeurre
why I didn't notice this one ??
Dont follow this pair...but look how choppy this pair is...the only time you miss a setup and it drops like stone.
  • #463
  • Apr 20, 2010 8:19am Apr 20, 2010 8:19am
Quoting neutro
Not to pour salt on the wound, but why didn't you enter on the daily PB?
I was asleep when markets closed last night and thus didnt follow my usual routine of chekcing them @ 10pm GMT...woke up late this moring and completely forgot to check them...doh
  • #464
  • Apr 20, 2010 8:21am Apr 20, 2010 8:21am
Quoting lovejoy80
EA long on touch of PPZ 1.4473 SL @ 1.4450, though will cut quickly if breaks through - 1%
EJ short @ 125.25 SL@ 125.65 -1%
GJ @ 124.91 SL@ 143.25
GU added another short (bit aggressive) @ 1.5377 SL@ 1.5415 - 1%

Cut Oil trades @ BE.

4HR pin bar(10mins to go) on dow futures...

CAD news in 10 mins...mentioned areas on UC and CJ I'm watching earlier
  • #465
  • Apr 20, 2010 8:23am Apr 20, 2010 8:23am
On the plus side GU is dropping nicely...AU trade now in play as is UJ and gold.
  • #466
  • Apr 20, 2010 8:24am Apr 20, 2010 8:24am
My Be too early ?
Attached Image
  • #467
  • Apr 20, 2010 8:28am Apr 20, 2010 8:28am
Done.

Take it easy LJ, you know that's not the way. Let them go, learn from them but don't get mad.

That 300+% gain in 2 weeks says that you're on the right path. Don't spoil it by getting nervous about missed or past trades.
Attached File(s)
File Type: mq4 Market-Value_GBP.mq4   4 KB | 152 downloads
  • #468
  • Apr 20, 2010 8:28am Apr 20, 2010 8:28am
that's true

Quoting lovejoy80
Dont follow this pair...but look how choppy this pair is...the only time you miss a setup and it drops like stone.
  • #469
  • Apr 20, 2010 8:31am Apr 20, 2010 8:31am
Quoting neutro
Done.

Take it easy LJ, you know that's not the way. Let them go, learn from them but don't get mad.

That 300+% gain in 2 weeks says that you're on the right path. Don't spoil it by getting nervous about missed or past trades.
Yeah I know...I'm only kinda kidding with that...I've learnt the hard way that if you let the market get to you then taking emotinally driven revenge trades leads to a blown account.

Thanks for the indicator
  • #470
  • Apr 20, 2010 8:35am Apr 20, 2010 8:35am
You'd need guts to take this touch trade...bounced off weekly PPZ...but no way would I take a touch off this following that drop
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 16 KB
  • #471
  • Apr 20, 2010 8:42am Apr 20, 2010 8:42am
I will stay out now for the rest of the day looks like whe getting choppy crude stocks just opened and dow so i let oil for what it is for now look later for new setup i have 1 short open stop loss 10 pips profit rest was closed at touch 61.8 and ppz
http://i42.tinypic.com/2dseeye.jpg
  • #472
  • Apr 20, 2010 8:44am Apr 20, 2010 8:44am
Exited half of GU shorts @ 1.5344 and moved SL on remaing hald to first trade entry.

E/A longs all exited @ 1.4462
  • #473
  • Apr 20, 2010 8:47am Apr 20, 2010 8:47am
Quoting lovejoy80
You'd need guts to take this touch trade...bounced off weekly PPZ...but no way would I take a touch off this following that drop
I do not understand that drop. Oil had a spike down and Cad news were; No news. May be: No news, good news
  • #474
  • Apr 20, 2010 8:51am Apr 20, 2010 8:51am
I was waiting for long at your middle ppz line with 50 fib, and also the weekly BUOB served as guideline to long, but, pity, a huge loss already when I re-open my terminal to see the trades

Today, I had too many rac style trades, mostly are losers, bad luck . probably just stick to breakout trades only for the moment .

jeurre

Quoting lovejoy80
You'd need guts to take this touch trade...bounced off weekly PPZ...but no way would I take a touch off this following that drop
  • #475
  • Apr 20, 2010 8:51am Apr 20, 2010 8:51am
Quoting lovejoy80

E/A longs all exited @ 1.4462
Me too

lost all my credibility on this one today.

it was bad day today.
.
  • #476
  • Apr 20, 2010 8:52am Apr 20, 2010 8:52am
The video i sayed before why i took short oil was based on this

Inserted Video
  • #477
  • Apr 20, 2010 8:54am Apr 20, 2010 8:54am
Quoting ogeid
I do not understand that drop. Oil had a spike down and Cad news were; No news. May be: No news, good news
It was CAD news...interest rate annoucement which they kept @ 0.25 % but more importantly they said that they will remove monetary stimulus and that economic growth and inflation is above earlier projections and they dropped thier pledge to leave interest rates steady until july.

Thus stronger CAD as a higher probability of hihger interest rates in the near future than previous.

I use this for news releases etc.

http://www.dailyfx.com/real_time_news/
  • #478
  • Apr 20, 2010 8:56am Apr 20, 2010 8:56am
Quoting nasir.khan
Me too

lost all my credibility on this one today.

it was bad day today.
.
Take it easy you are still the chart's magician. LOL

Have to say when you two guys opened those longs against Cad and Aud, I was terrified. I stick to my plan because Oil and Gold were still raising
  • #479
  • Apr 20, 2010 8:58am Apr 20, 2010 8:58am
Quoting ogeid
Take it easy you are still the chart's magician. LOL

Have to say when you two guys opened those longs against Cad and Aud, I was terrified. I stick to my plan because Oil and Gold were still raising
That's good to know that our views does't disturb your plans.
.
  • #480
  • Apr 20, 2010 8:59am Apr 20, 2010 8:59am
Quoting ogeid
I do not understand that drop. Oil had a spike down and Cad news were; No news. May be: No news, good news


Always watch it with oil around this time crude stock opens dow etc so always volatile sideways shit market then most the times
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