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Jacko's Forex House of Pleasure and Pain

  • #10,921
  • May 18, 2010 5:45am May 18, 2010 5:45am
Quoting Danku
Hope this meeting helps us get some retracements on the EurUsd & EurAud............n we short again...........cheers JustPassing
Curious as to why you included EUR/AUD. Is that one of the pairs you're trading?
  • #10,922
  • May 18, 2010 5:56am May 18, 2010 5:56am
Quoting JustPassing

Yesterday i made a short at 1.2800 and currently am in the money,
also AUDUSD position , that i opened at exactly the same time as the burned E/U is still running and in the money.

Considering to move them at BE soon
Hey JP. You still holding these?
  • #10,923
  • May 18, 2010 6:20am May 18, 2010 6:20am
Quoting captmilkdud
Hey JP. You still holding these?
No, i closed them. In the mail i sent you,i wrote that i have closed them and what my next plan was.

Danku,
I dont really think that this event will drive the euro up. It is interesting for me what will they try to do with investment banks, maybe a Tobin tax, tax on aditional risk/alpha?

Now after a quick look at gold (which could be seen as a panic gauge in times of uncertainty), its price started to fall down. I link this to the EU cooling right now( of course i might be wrong) Also, falling dollar is inflationary for commodities, and oil is bouncing at the moment. Of course both gold and oil movements are short term, but i think they are correlated with the EU movement.
  • #10,924
  • May 18, 2010 6:52am May 18, 2010 6:52am
hey captmilkdud...yes i included it because it is one of the pairs i trend trade and i have had quite good success trading it.................as i write this my Sell Limit was triggered................cheers.......was hoping to get a retracement to the 1.4200 RN area but since i know price would hardly turn just at 1.4200........i placed a sell limit slightly above 1.4200....n it was triggered...........lets see how she plays..........

Quoting captmilkdud
Curious as to why you included EUR/AUD. Is that one of the pairs you're trading?
  • #10,925
  • May 18, 2010 6:53am May 18, 2010 6:53am
cheers JustPassing.......triggered already done......hope she can ride down....

Quoting JustPassing
No, i closed them. In the mail i sent you,i wrote that i have closed them and what my next plan was.

Danku,
I dont really think that this event will drive the euro up. It is interesting for me what will they try to do with investment banks, maybe a Tobin tax, tax on aditional risk/alpha?

Now after a quick look at gold (which could be seen as a panic gauge in times of uncertainty), its price started to fall down. I link this to the EU cooling right now( of course i might be wrong) Also, falling dollar is inflationary for commodities, and oil...
  • #10,926
  • Edited 7:58am May 18, 2010 7:22am | Edited 7:58am
Quoting Danku
cheers JustPassing.......triggered already done......hope she can ride down....
Danku, you shorted the market (E/U) , correct?
  • #10,927
  • May 18, 2010 7:35am May 18, 2010 7:35am
Quoting JustPassing
No, i closed them. In the mail i sent you,i wrote that i have closed them and what my next plan was.
Did you email this to me or PM me? I can't find it.
  • #10,928
  • May 18, 2010 7:44am May 18, 2010 7:44am
Quoting captmilkdud
Did you email this to me or PM me? I can't find it.
Email, at the one you posted in my profile
  • #10,929
  • May 18, 2010 7:48am May 18, 2010 7:48am
Quoting Danku
hey captmilkdud...yes i included it because it is one of the pairs i trend trade and i have had quite good success trading it.................as i write this my Sell Limit was triggered................cheers.......was hoping to get a retracement to the 1.4200 RN area but since i know price would hardly turn just at 1.4200........i placed a sell limit slightly above 1.4200....n it was triggered...........lets see how she plays..........
So far so good. Not real crazy about the PA or fundis though. That's why I rarely use limit orders. Do you use them a lot?
What are you using for an SL?

Hope this works out for you
  • #10,930
  • May 18, 2010 8:02am May 18, 2010 8:02am
Quoting JustPassing
Email, at the one you posted in my profile
Found it. Great email!

Thanks.

Any word back yet?
  • #10,931
  • May 18, 2010 8:13am May 18, 2010 8:13am
EurUsd.......

Quoting JustPassing
Danku, you shorted the market (E/U) , correct?
  • #10,932
  • May 18, 2010 8:19am May 18, 2010 8:19am
Has moved south just a little, hope the Americans can push it for me as thy are about to jump in..............well S/L honestly is usually abit tricky for me sometimes.......like here......EUR/AUD i was looking for the next resistance area above my entry and found this at 1.4320 plus or minus 20Pips.........so i placed my S/L at 1.4351..........if she can keep moving south, i should then move S/L to just above 1.4265, note the kinder minor Resistance around that area....that is how i try to do.................but honest i have never gotten round it..................hope this helps...............

Quoting captmilkdud
So far so good. Not real crazy about the PA or fundis though. That's why I rarely use limit orders. Do you use them a lot?
What are you using for an SL?

Hope this works out for you
  • #10,933
  • May 18, 2010 8:50am May 18, 2010 8:50am
Now heads up guys/gals.......we seem to be forming an IB Fakey with the Trend on my preferred TF........IF she closed as IB Fakey with the trend.....i will be add another short........cheers

Quoting Danku
Has moved south just a little, hope the Americans can push it for me as thy are about to jump in..............well S/L honestly is usually abit tricky for me sometimes.......like here......EUR/AUD i was looking for the next resistance area above my entry and found this at 1.4320 plus or minus 20Pips.........so i placed my S/L at 1.4351..........if she can keep moving south, i should then move S/L to just above 1.4265, note the kinder minor Resistance around that area....that is how i try to do.................but honest i have never gotten round...
  • #10,934
  • May 18, 2010 8:54am May 18, 2010 8:54am
Quoting Danku
Has moved south just a little, hope the Americans can push it for me as thy are about to jump in..............well S/L honestly is usually abit tricky for me sometimes.......like here......EUR/AUD i was looking for the next resistance area above my entry and found this at 1.4320 plus or minus 20Pips.........so i placed my S/L at 1.4351..........if she can keep moving south, i should then move S/L to just above 1.4265, note the kinder minor Resistance around that area....that is how i try to do.................but honest i have never gotten round...
Looking MUCH better now. Nice call.

Are you in with a full 2%? Will you compound it at some point? If so what strategy do you plan to use? At which point will you adjust your SL to 1.4265?
  • #10,935
  • Edited 9:21am May 18, 2010 9:00am | Edited 9:21am
Quoting Danku
Now heads up guys/gals.......we seem to be forming an IB Fakey with the Trend on my preferred TF........IF she closed as IB Fakey with the trend.....i will be add another short........cheers
You must be a Nial Fuller student. Is that correct?

What is your preferred TF? Must be 4hr.
  • #10,936
  • May 18, 2010 9:22am May 18, 2010 9:22am
hey captmilkdud,

i am not a Nial Fuller student but have read and backtested the PAs he talked about.....my preferred TF is the 8-hr......of MT5.....i traded the Daily and was quite succusseful but gave up coz i had wake up at 2a.m.......everyday......i like sleeping so it was a heavy price to pay....so i went down to the 4hr TF and did not have much success there so i looked for a TF in between.....so settled on the 8hr TF which works perfect for me....................so i only analysis the market twice a day.....................

Quoting captmilkdud
You must be a Nial Fuller student. Is that correct?

What is your preferred TF?
  • #10,937
  • May 18, 2010 9:43am May 18, 2010 9:43am
Quoting Danku
hey captmilkdud,

i am not a Nial Fuller student but have read and backtested the PAs he talked about.....my preferred TF is the 8-hr......of MT5.....i traded the Daily and was quite succusseful but gave up coz i had wake up at 2a.m.......everyday......i like sleeping so it was a heavy price to pay....so i went down to the 4hr TF and did not have much success there so i looked for a TF in between.....so settled on the 8hr TF which works perfect for me....................so i only analysis the market twice a day.....................
MT5? What broker are you using, if you don't mind me asking?
  • #10,938
  • May 18, 2010 9:51am May 18, 2010 9:51am
hey captmilkdud, sorry but this compounding thing to me is abit GREEK if you know what i am saying.........as much as i am Maths person.....compounding, 2%......not for me........basis once i am in a trade and i get another signal to add, then i would enter on half the mini-lot of the first....so my current exposure is 4%......just like this EurAud............my main problem is i have a small account balance that i am slowly building...........

finally, for those who make entries using previous bar highs/lows, i believe you should be short now.................


Quoting captmilkdud
Looking MUCH better now. Nice call.

Are you in with a full 2%? Will you compound it at some point? If so what strategy do you plan to use? At which point will you adjust your SL to 1.4265?
  • #10,939
  • May 18, 2010 9:53am May 18, 2010 9:53am
if you go to the metaquotes website, you should be able to download the mt5 platform there........mt5 is currently going thorugh a test stage until June 2010 when they plan to release it...........so it is only available (i believe from metaquotes)........cheers

here is the site http://www.metaquotes.net/en/metatrader5

i only use it for analysis/demo then enter on my live account.

Quoting captmilkdud
MT5? What broker are you using, if you don't mind me asking?
  • #10,940
  • May 18, 2010 12:26pm May 18, 2010 12:26pm
Danku, nicely done with the trade.

I am not in the market now, and i plan to keep it that way for now.

""EU ministers back new hedge fund rules"", wonder what was UK`s position ot that.
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