My path to financial freedom | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

My path to financial freedom 17 replies

Singapore trader's journal (the road to financial freedom) 8 replies

My Path To Financial Freedom 221 replies

Trade Your Way to Financial Freedom......... 10 replies

Book Wanted - Day Trading To Financial Freedom 0 replies

Attachments: My path to financial freedom
Exit Attachments

My path to financial freedom

  • #741
  • Apr 23, 2010 4:32am Apr 23, 2010 4:32am
Quoting ogeid
May be a too simple explanation but... CHF follows Euro and yesterday its decline was much deeper than GBP

Anyway shorted again gbp/Jpn on the spike. 15 pips higher than yesterday.
Yes...good point...E/CHF hardly moves and thus if EUR down then CHF will be down...got it now...doh should have worked that out!!

I'm still in from my earlier GU and GJ shorts...added an EJ short to my EU short and added an Oil short to go with my existing CJ short and UC longs.

Taken half proft in AU touch trade long @ FTA and moved remainder to BE.

GU and GJ is extremely tightly squeezed...reckon a breakout is coming today.

Watching this carefully though....

Lots of CAD news out later and some US news...big news is Greece though...any rise in EUR is temporary IMO and a great opportunitity to get into the long term trend at a discount.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 17 KB
Click to Enlarge Name: oil.gif Size: 16 KB
Click to Enlarge Name: dow.gif Size: 18 KB
  • #742
  • Apr 23, 2010 4:34am Apr 23, 2010 4:34am
Like a little cherry now !
Attached Image
  • #743
  • Apr 23, 2010 4:34am Apr 23, 2010 4:34am
Quoting ogeid
By the way, congratulations LJ. 50 pages in 3 weeks !!
Sooner you will compete with Cable Update
Very good job
Tx
Oh yeah hadn't noticed that...that's a sign that I need to post less and get a life more

  • #744
  • Apr 23, 2010 4:38am Apr 23, 2010 4:38am
Quoting ogeid
Like a little cherry now !
Hmmm it is...I'm not taking it though...it would have had to close above the PPZ for me to consider this and I'm short GJ,GU,EJ,EU so going long AU wouldnt make sense...still have half my earlier touch trade on the go so I'll leave that in play.

It's quite interesting that Gold hasn't moved all day so far.

A good point to short EU???

EDIt: my PPZ on AU runs quite wide from 9225 - 9235 Iw ould have wanted the pin to have a good close above this level. I would prefer a short from the PPZ than a long on the pin bar....just my opnion and I could be wrong of course...dont let me sway you from your plan.
Attached Image (click to enlarge)
Click to Enlarge Name: ushf.gif Size: 19 KB
  • #745
  • Apr 23, 2010 4:47am Apr 23, 2010 4:47am
Quoting lovejoy80

A good point to short EU???
I am willing to build positions every 50 from 1.33. I am just worried because it is Friday. They always invent something about Greece during the weekend (they did the last 2) and than on Monday we have a gap up.
  • #746
  • Apr 23, 2010 4:58am Apr 23, 2010 4:58am
Quoting ogeid
I am willing to build positions every 50 from 1.33. I am just worried because it is Friday. They always invent something about Greece during the weekend (they did the last 2) and than on Monday we have a gap up.
Yeah I'm not keen on holding positions over the weekend either at the moment but I have the advantage that Oanda never closed so I can hedge if required. But I reckon thenews will be now with Greece about activating the package. I still believe a lot of investors are blind and stupid...I mean they are activating a rescue package the fact that they need to activate it shows how serious there situation is (as well as the other PIIGS) and is bearish...there are a fair few detailed articles on the net by people that not more than me about the economics but the Euro still has serious issues ahead of it.
  • #747
  • Apr 23, 2010 5:03am Apr 23, 2010 5:03am
This is what I meant by GBP winding up llook at the 4HR and 1HR bars...very small moves for this pair...when price doesnt move much compared to it's normal movement it is often like a spring coiling up ready to spring open...I expect price to shoot in one direction at some point..hopefully down!
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
  • #748
  • Apr 23, 2010 5:06am Apr 23, 2010 5:06am
Quoting lovejoy80
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....

Hi LOvejoy bit late reaction i was at my normal dayjob.

Can you explain me a bit better this Beob thing dont really know it

Thanks
  • #749
  • Apr 23, 2010 5:07am Apr 23, 2010 5:07am
Quoting ingmarforex
Hi LOvejoy bit late reaction i was at my normal dayjob.

Can you explain me a bit better this Beob thing dont really know it

Thanks
Yep...I'll prepare a detailed analysis using some charts in a bit my friend.
  • #750
  • Apr 23, 2010 5:13am Apr 23, 2010 5:13am
Just my imagination but it shows why 1.5480 and 1.5450 are so hard to break
Attached Image
  • #751
  • Apr 23, 2010 5:18am Apr 23, 2010 5:18am
Did you get the pivot point + PPZ confluence to short Aud? I thought it was right up your alley. Here is the chart - Hourly MT4 chart with analysis and a 15 minute Oanda chart showing the position about to tp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud6.jpg Size: 131 KB
Click to Enlarge Name: aud7.jpg Size: 180 KB
BTC Return This Year: na
  • #752
  • Apr 23, 2010 5:32am Apr 23, 2010 5:32am
Quoting lovejoy80
Yep...I'll prepare a detailed analysis using some charts in a bit my friend.

Prepared this quickly but hope it makes sense.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oil1.png Size: 47 KB
Click to Enlarge Name: oil2.png Size: 57 KB
Click to Enlarge Name: Oil3.png Size: 48 KB
  • #753
  • Apr 23, 2010 5:34am Apr 23, 2010 5:34am
Quoting M.A.C.Doug
Did you get the pivot point + PPZ confluence to short Aud? I thought it was right up your alley. Here is the chart - Hourly MT4 chart with analysis and a 15 minute Oanda chart showing the position about to tp
I was tempted but already have a fair bit of exposure to USD and JPY so gave it a pass...otherwise yes was a good setup...
  • #754
  • Apr 23, 2010 6:04am Apr 23, 2010 6:04am
Quoting lovejoy80
Prepared this quickly but hope it makes sense.


Thanks my friend now i understand it thank you
  • #755
  • Apr 23, 2010 6:26am Apr 23, 2010 6:26am
Quoting lovejoy80

A good point to short EU???
Somebody just sold it at 1.33.

As said I am worried because at G20 they are going to discuss Greece and something positive should come out of that.
  • #756
  • Apr 23, 2010 6:41am Apr 23, 2010 6:41am
breakout on UJ....not good for xxx/jpy.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 17 KB
  • #757
  • Apr 23, 2010 6:45am Apr 23, 2010 6:45am
Quoting lovejoy80
breakout on UJ....not good for xxx/jpy.
DJ retesting 1115
  • #758
  • Apr 23, 2010 7:20am Apr 23, 2010 7:20am
Exited xxx/jpy shorts as soon as UJ broke above it PPZ...still short GU,EU and long UC.

Despite Greece news...Euro is not realy moving up that much...signs that sellers are still in control overall.

Dow futures are testing 11100 mutliple times...still feel a big move is coming today in this...logic might say up as trend is up, but...hmmmm getting ready to load up on xxx/jpy soon.

CAD and US news in 10 mins.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 16 KB
Click to Enlarge Name: dow.gif Size: 19 KB
Click to Enlarge Name: eu.gif Size: 15 KB
  • #759
  • Apr 23, 2010 7:23am Apr 23, 2010 7:23am
Quoting ogeid
DJ retesting 1115
Markets have to digest Greece news....economic release in 10 mins and it's Friday ...have to be careful as can can get some big moves but also some 'fake' moves in both directions. I'm always cautious on a Friday...
  • #760
  • Apr 23, 2010 7:29am Apr 23, 2010 7:29am
Quoting lovejoy80
Markets have to digest Greece news....economic release in 10 mins and it's Friday ...have to be careful as can can get some big moves but also some 'fake' moves in both directions. I'm always cautious on a Friday...
If it stays like that I will put a sell limit E/U tonight at 1.34 or higher
1 trader viewing now