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  • #661
  • Apr 22, 2010 5:33am Apr 22, 2010 5:33am
closed now i keep hands off gonna take a shower

http://i44.tinypic.com/2mn0won.jpg
  • #662
  • Apr 22, 2010 5:35am Apr 22, 2010 5:35am
Quoting lovejoy80
Meant to add big 4HR BEOb brekaing the round number suggests a continuation move down...a discounted entry into the BEOb would be a short from a retracement back to the PPZ/broken TL

  • #663
  • Apr 22, 2010 5:36am Apr 22, 2010 5:36am
Quoting lovejoy80
Break 11,000 break 11,000
NO Pin Bar, No Pin Bar
  • #664
  • Apr 22, 2010 5:40am Apr 22, 2010 5:40am
Quoting lovejoy80
Meant to add big 4HR BEOb brekaing the round number suggests a continuation move down...a discounted entry into the BEOb would be a short from a retracement back to the PPZ/broken TL

You mean at 82.85??
  • #665
  • Apr 22, 2010 5:43am Apr 22, 2010 5:43am
USDCHF near a falling daily TL...indicating EU could stall unless it pushes straight through.

Added another GU short on break of 1.5388 PPZ

Would look to add another long on EA if EU was @ 13300 area when EA was an PPZ...but AUD is also @ PPZ area so would want a break of this area for everthing to be lined up.

Will add an EG long if EU gets to the 13300 area as would expect some stalling.


G/CHF - looking heavy ...took long enough!
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  • #666
  • Apr 22, 2010 5:44am Apr 22, 2010 5:44am
Quoting ingmarforex
You mean at 82.85??
God I got cr*p spreads on this short...I entered it @ the first PPZ grrr
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  • #667
  • Apr 22, 2010 5:56am Apr 22, 2010 5:56am
Quoting ogeid
NO Pin Bar, No Pin Bar
It's looking ok. there is US news release in 90 minutes upon which I would expect some whipsaws if it is different to forecast. If news is bad then we could see a big sell of in equities news good then we could see a retracement back up IMO

Looking ahead GBP GDP tommorrow..I want toi hold onto some og my GU short until then if the market behaves...if this is bad then we should see the GBP tanking...hopefully I'll stilll have some EG longs on too if the market behaves.

Just my thoughts and of course might not play out...but when technicals get you into a trade and news is coming up I find that more often than not the news will drive the price in the direction of your trade.
  • #668
  • Apr 22, 2010 5:56am Apr 22, 2010 5:56am
Hope to be wrong but it looks like cable move near to its end. I hate that 1.538 level
  • #669
  • Apr 22, 2010 6:02am Apr 22, 2010 6:02am
I've taken some profits on GU and GJ shorts ahead of US economic news and Equity opens.

I'm holding my CJ short and UC longs due to BEOB on Oil 4HR and and short Oil.

Still long EG and short G/CHF (gulp).

EU still holding until 13300 area is reached which I cant see not happening - fundamentals and technicals line up nicely. I'm an aggresive seller off any spikes up.
  • #670
  • Apr 22, 2010 6:11am Apr 22, 2010 6:11am
Ohh God i can't keep up with this thread and LJ's trades. lol

too fast man.
.
  • #671
  • Apr 22, 2010 6:15am Apr 22, 2010 6:15am
Quoting nasir.khan
Ohh God i can't keep up with this thread and LJ's trades. lol

too fast man.
.
lol...I know I've written myself a metal note that one of my aims is to sloooooooowwww down and take less trades...being more picky and increasing risk is how I'd prefer to be going forward.

Presume you were all over the xxx/jpy and xxx/usd shorts this morning...saw your posts on J16...I need to work harder at getting my PPZ lined up more exact and spotting the major ones - in reference to AJ.

This is like deja vu isn't it...wasn't it this time last week when the week went from being a frustrating one to a very profitable one...
  • #672
  • Apr 22, 2010 6:29am Apr 22, 2010 6:29am
Quoting lovejoy80
lol...I know I've written myself a metal note that one of my aims is to sloooooooowwww down and take less trades...being more picky and increasing risk is how I'd prefer to be going forward.

Presume you were all over the xxx/jpy and xxx/usd shorts this morning...saw your posts on J16...I need to work harder at getting my PPZ lined up more exact and spotting the major ones - in reference to AJ.

This is like deja vu isn't it...wasn't it this time last week when the week went from being a frustrating one to a very profitable one...
Yea lol. same like last week.

If you wan't to take less and better trades only trade upon Daily/Weekly PPZ's, Avoid trades inside ranges and don't take breakouts against BRN's and PPZ's.
.
  • #673
  • Apr 22, 2010 6:31am Apr 22, 2010 6:31am
Quoting ingmarforex
closed now i keep hands off gonna take a shower

http://i44.tinypic.com/2mn0won.jpg
Can you see what an alternative plan could have been?

You had a great entry and a great setup and you exited for some nice pips...but one look @ the 4Hr (not sure if it shows it on your feed) and seeing that 4HR BEOB there would be no way I would have exited that trade...I would have added on a pullback to the PPZ in preparation for a break of the BEOB. Letting winners run and adding into winning positions is what really makes an account grow.

Not critiscising...just pointing out to people how trading your charts and not your P&L is key to success.

I was guilty of this mistake on a great UC entry last week - just ask Nasir!
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  • #674
  • Apr 22, 2010 6:37am Apr 22, 2010 6:37am
Quoting nasir.khan
Yea lol. same like last week.

If you wan't to take less and better trades only trade upon Daily/Weekly PPZ's, Avoid trades inside ranges and don't take breakouts against BRN's and PPZ's.
.
Yep... I will do...having over 20 positions open is too much and too stressfull. I want to be able to trade calmly and in control and sometimes I'm all over the place.

Trading just the major daily / weekly PPZ areas is definitely what I want to focus on and risking more on these trades and spotting great correlated setups i.e. when everything lines up e.g. oil @ PPZ with CJ and UC...or EUR @ strong PPZ AUD in clear space - buy EA if @ support. Spotting these low risk setups is what I want to get better at.

Still want to play some of the 1HR and 4HR PPZ's but only if they are clear with super confluence and at swings. I want an overall big picture trading plan first.

I also want to get better at taking touch trades...I've missed so many great ones over the last two weeks.

Lastly, I want to play a trend from start to finish i.e. pick a reversal / touch trade and add into it all the way up / down. Stop and reverse etc.
  • #675
  • Apr 22, 2010 6:45am Apr 22, 2010 6:45am
as I mentioned earlier...we need to break this area for EU to continue down...I would prefer a retrecement - so my EG longs will and G/CHF shorts will take off.

For this reason I've taken all profit on my EU shorts and wil get back in on any retracement. There is more room up then there is down and with Dow futures strongly down I still think we will break the yearly lows very soon.
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  • #676
  • Apr 22, 2010 7:27am Apr 22, 2010 7:27am
Some stats...

Week 1 47 trades, 70.2% win rate, 110.57% account increase
Week 2 84 trades, 69.0% win rate, 94.62% account increase on prior week
Week 3 60 trades, (up until yesterday) 55.0% win rate, 7.15% account increase on prior week.

This supports my view that I need to trade less and be more picky...if I can be more picky and get the win rate back up the account increase % will go up with it.
  • #677
  • Apr 22, 2010 7:27am Apr 22, 2010 7:27am
Waiting for this LJ????



But i don't think so

as yet.
.
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  • #678
  • Apr 22, 2010 7:30am Apr 22, 2010 7:30am
Hey Fxfighter,

Post a chart or two sometime brother.
.
  • #679
  • Apr 22, 2010 7:36am Apr 22, 2010 7:36am
Quoting nasir.khan
Waiting for this LJ????



But i don't think so

as yet.
.
I'm already in from yesterday...had a pending order today on the blue line but it missed it.

It's deja vu again...what happened last week...oh yeah 1HR trendline got a great entry on UC but then ohhh yeah I closed out my entry that had a 7 pip risk prematurely when a 4HR BUOB had formed...much to your disgust lol.
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  • #680
  • Apr 22, 2010 7:40am Apr 22, 2010 7:40am
Quoting nasir.khan
Hey Fxfighter,

Post a chart or two sometime brother.
.
Hey Nasir ,
I will ,but problem is I am at work in this time so I can not,but soon I will have days free than I will do.
Anyway guys I like your posts and folowing u everywhere)).Thanks for your posts .You helped me a lot!!!
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