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  • #1,601
  • May 19, 2010 5:54am May 19, 2010 5:54am
Exited both gold trades...dont like the way its retracing to form a 1HR pin bar and its gone back above the PPZ...I was looking for it to reject this area quickly but it didnt. Exited both around 1208 area for a net gain 0.75%...shame it couldnt have got to 1200.

Also exited UC near the round number...was looking for a quick push above with momentum but it's stalled.

Still in G/CHF and A/CAD.

As per yesterday posts being cautious about open trades when going into US session...plsu I've got to go out for the next 90 mins so prefer to takes some profit than see it disappear....might be being over cautious but profit banked is not better than coming back to losers on BE which, in the current volatility is not exactly unlikely. lol

Back in couple hours.
  • #1,602
  • May 19, 2010 5:58am May 19, 2010 5:58am
Quoting lovejoy80
Exited both gold trades...dont like the way its retracing to form a 1HR pin bar and its gone back above the PPZ...I was looking for it to reject this area quickly but it didnt. Exited both around 1208 area for a net gain 0.75%...shame it couldnt have got to 1200.

Also exited UC near the round number...was looking for a quick push above with momentum but it's stalled.

Still in G/CHF and A/CAD.

As per yesterday posts being cautious about open trades when going into US session...plsu I've got to go out for the next 90 mins so prefer to takes...
  • #1,603
  • May 19, 2010 6:02am May 19, 2010 6:02am
cool, I shorted too at the place of your second position, closed half near bar low, and the rest stopped at BE.

what is your view on gold now? it closed as a bullish pin on my feed. I don't like the top [open=high], don't know why, just makes it not like a good pin which has a high protrude from the open. also, the space issue as Mike mentioned today, could be a problem. but, to be honest, I am biased to long of gold, just feel this hourly pin doesn't makes sense yet



Quoting lovejoy80
Second gold order triggered ...1200 then 1192 are targets
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  • #1,604
  • May 19, 2010 6:05am May 19, 2010 6:05am
Quoting jeurre
cool, I shorted too at the place of your second position, closed half near bar low, and the rest stopped at BE.

what is your view on gold now? it closed as a bullish pin on my feed. I don't like the top [open=high], don't know why, just makes it not like a good pin which has a high protrude from the open. also, the space issue as Mike mentioned today, could be a problem. but, to be honest, I am biased to long of gold, just feel this hourly pin doesn't makes sense yet
I'm not keen on trading against the current down move...not much space to FTA on that pin plus would have preferred close to be higher than open...if I were to take it my SL would be bellow the PPZ it just broke back above and I'd be quick to take profit at FTA or move to BE...I think the safer option is to sell any retraces at the moment in gold
  • #1,605
  • May 19, 2010 6:05am May 19, 2010 6:05am
the other trade I took today is CADJPY, closed half and the rest remains open with BE stoploss. this was learnt from you and nasir. brilliant technic
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  • #1,606
  • May 19, 2010 6:07am May 19, 2010 6:07am
good point, the FTA is too close, I didn't notice this. thanks, bro

Quoting lovejoy80
I'm not keen on trading against the current down move...not much space to FTA on that pin plus would have preferred close to be higher than open...if I were to take it my SL would be bellow the PPZ it just broke back above and I'd be quick to take profit at FTA or move to BE...I think the safer option is to sell any retraces at the moment in gold
  • #1,607
  • May 19, 2010 8:11am May 19, 2010 8:11am
TP hit on G/CHf which was FTA...since then we've had whats looks like SNB intervention so glad I exited @ FTA. A/CAD just hit SL which I'd moved to BE+1.

Summary of all this mornings trades as follows:

Short Gold @ 1218 SL 90, Exit @ 1214.85 = +31.5 / +0.35R
Long EUR / AUD @ 1.4237, SL 38, Exit @ 1.4312 = +75 / +1.97R
Short E/CAD @ 1.2709, SL 31, Exit @ 1.2735 = -26 / -0.84R
Short Gold @ 1205.30, SL 39, exit @ 1207.80 = -25 / -0.64R
Short Gold @ 1214.00, SL 65, Exit @ 1208.10 = +59 / +0.91R
Long U/C @ 1.0449, SL 74, Exit @ 1.0499 = +50 / +0.67R
Short G/CHF @ 1.6394, SL 65, Exit @ 1.6359 = +35 / 0.54
Short Silver @ 18.51, SL 29, Exit @ 18.48 = +3 / 0.10R
Short A/CAD @ 0.8884,SL 71, Exit @ 0.8883 = +1 / 0.01R

Gonna start recording summaries like the above for my own revieing purposes.
  • #1,608
  • May 19, 2010 8:21am May 19, 2010 8:21am
Let's see if this TL can hold as resistance...YM is also at resistance level too. Dont like the strong bullish bar leading up to it, but worth some risk IMO.
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  • #1,609
  • May 19, 2010 8:32am May 19, 2010 8:32am
Quoting lovejoy80
Let's see if this TL can hold as resistance...YM is also at resistance level too. Dont like the strong bullish bar leading up to it, but worth some risk IMO.
Hmmm fxpro closed my position randomly...how weird?! Closed for a tiny loss grrrr...phoned them and they dont know why it happened.
  • #1,610
  • May 19, 2010 8:41am May 19, 2010 8:41am
Quoting lovejoy80
Hmmm fxpro closed my position randomly...how weird?! Closed for a tiny loss grrrr...phoned them and they dont know why it happened.
Very Strange indeed. My FxPro today is extremely slow. Other platforms no problem
  • #1,611
  • May 19, 2010 8:49am May 19, 2010 8:49am
A/U broke 0.85 BRN and it is now re-testing it. A nice PA at this level would be nice.
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  • #1,612
  • May 19, 2010 8:57am May 19, 2010 8:57am
Quoting ogeid
A/U broke 0.85 BRN and it is now re-testing it. A nice PA at this level would be nice.
Yeah that would have been nice.

I liked this but wasnt quick enough...divergence up against a daily / weekly PPZ area.

Gold also hit 1HR PPZ and reversed hard.and has shot through the 1200 area
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  • #1,613
  • May 19, 2010 9:02am May 19, 2010 9:02am
Crikey look at gold go...damn!
  • #1,614
  • May 19, 2010 9:07am May 19, 2010 9:07am
Quoting ogeid
Very Strange indeed. My FxPro today is extremely slow. Other platforms no problem
Apart from the accident you had, is your FxPro working well today ? Mine is really slow switching between charts and TFs. I already restarted the PC but nothing changed.
  • #1,615
  • May 19, 2010 9:11am May 19, 2010 9:11am
Quoting lovejoy80
Crikey look at gold go...damn!
Why did you close it. it was in a descending triangle with support at 1210 and it was not making new highs ?

Hey! do not get me wrong here. You made some pips and that is the most important thing.
  • #1,616
  • May 19, 2010 9:12am May 19, 2010 9:12am
Quoting lovejoy80
Crikey look at gold go...damn!
Reason I didnt take the gold was it would have broken my rules...taking a trade based on only a PPZ on the 1HR chart is not in my rules I would need something else in addition i.e. fib....doh there was fib confluence....grrrr now I'm peeved lol
  • #1,617
  • May 19, 2010 9:14am May 19, 2010 9:14am
Quoting lovejoy80
Crikey look at gold go...damn!
BTW you said yesterday that a guy gave you a tip on Gold moving down. Could you contact him again on some other pairs too ?
  • #1,618
  • May 19, 2010 9:15am May 19, 2010 9:15am
Quoting ogeid
Why did you close it. it was in a descending triangle with support at 1210 and it was not making new highs ?

Hey! do not get me wrong here. You made some pips and that is the most important thing.
Cos it broke above 1207 which I had as a PPZ level...a mcuh stronger level in theory than that 1HR PPZ...I was expecting the 1207 level to be rejected when it wasnt I closed...should have maybe taken a longer term view...its a fine line at times...its hit 1192 PPZ now.
  • #1,619
  • May 19, 2010 9:16am May 19, 2010 9:16am
Quoting ogeid
BTW you said yesterday that a guy gave you a tip on Gold moving down. Could you contact him again on some other pairs too ?
It wasnt a tip it was just his thoughts...he is also short from 1245!!
  • #1,620
  • May 19, 2010 9:17am May 19, 2010 9:17am
Quoting ogeid
Apart from the accident you had, is your FxPro working well today ? Mine is really slow switching between charts and TFs. I already restarted the PC but nothing changed.
It seems ok today...I do have problems with it though I find it randomly loses connection on both of my computers (whilst Alpari, Oanda and spread betting platforms remain fine)
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