Thank you so much for that explanation. i will wait it out
- #7,041
- May 28, 2010 12:58am May 28, 2010 12:58am
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
- #7,042
- May 28, 2010 1:17am May 28, 2010 1:17am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
you know, I was telling someone earlier at the auslanco's thread that price had closed above the W1 pivot for the first time since 2 weeks & that he should be careful shorting. Then I contradicted myself by tempting fate with that short earlier. Pretty daftlol.
Bit worried that with the long weekend looming, pa might just be all over the place today. Hope you are trading well bro
just chicken trading atm... if it even starts to look funny, close and take my pips off the table. need to trade my mouse in for one of these if I can program it to my order software, make life easier...lol
- #7,043
- May 28, 2010 1:44am May 28, 2010 1:44am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
Thank you so much for that explanation. i will wait it out
good luck w/ your trades
- #7,044
- May 28, 2010 8:09am May 28, 2010 8:09am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
out here at 131.03. not 131 exactly, close enough. was worth the wait. 
may drop lower, but enough for me and a nice way to end the week.
have a great weekend!
may drop lower, but enough for me and a nice way to end the week.
have a great weekend!
...after the DPP we may well touch 131.4 and not make it all the way to 131 exactly.
- #7,045
- May 28, 2010 8:56am May 28, 2010 8:56am
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
out here at 131.03. not 131 exactly, close enough. was worth the wait.
may drop lower, but enough for me and a nice way to end the week.
have a great weekend!
Donnie
- #7,046
- May 28, 2010 11:51am May 28, 2010 11:51am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
GBPUSD
1. long @4564 sl @4445 (0.2)
last trade for the week. Good luck azim
Trade stopped out.
GBPUSD
1. long @4564 stopped @4445 (0.2)
Thank You
- #7,047
- May 28, 2010 11:54am May 28, 2010 11:54am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
long haul setup
GBPUSD
1. long @4482 sl @4195 (1.0)
okay enjoy the weekend fellas. See ya wednesday. Ta!
GBPUSD
1. long @4482 sl @4195 (1.0)
okay enjoy the weekend fellas. See ya wednesday. Ta!
Thank You
- #7,048
- May 28, 2010 12:18pm May 28, 2010 12:18pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
long haul setup
GBPUSD
1. long @4482 sl @4195 (1.0)
okay enjoy the weekend fellas. See ya wednesday. Ta!
Is it the weekly twin tweezers that made you open this long-term position?
Have a great extended weekend! Enjoy!
- #7,050
- May 31, 2010 1:54pm May 31, 2010 1:54pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
hi brian,
not taking a break?
The figure in the bracket is my lotsize. In this case it's 1 full lot ($10/pip). I can afford the wide stop due to the overwhelming gains I achieved for the month of May. It's not an issue. Furthermore, an attractive setup usually will have me drawn in bigger.
I did.
Post: http://www.forexfactory.com/showpost...postcount=6197
Apart from the link I just posted earlier, the attached chart below is another reason why I'm trying to build this position. Time will tell if it goes well.
Welp, time for my sleep. I'll catch you Wednesday. Take care my friend
not taking a break?
Of course the figure in brackets could be the % of your account that you have risked, which with a 300 pip SL would explain that it is 1%, rather than the normal 0.1 or 0.2%.
If this is a long-term swing trade to the upside, why did you not get in earlier at 1.42x
Post: http://www.forexfactory.com/showpost...postcount=6197
or did you need confirmation and if so what was the confirmation?
Welp, time for my sleep. I'll catch you Wednesday. Take care my friend
Thank You
- #7,051
- May 31, 2010 2:38pm May 31, 2010 2:38pm
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Hey Azim,
I hope you had a nice break away from it!
You know me... I eat, sleep and breathe Forex at the moment, trying to soak up as much information on it in the last 5 months when I first started. My trading plans are coming together including one for my swing trades.
I didn't see that post of yours in the G/J, G/U, U/J Trading thread, so a nice swing trade there my friend which you are now building into a possible very nice position trade.
Do you still have the same SL on the original trade or have you moved it to 4195, the same as your new position trade? Have you taken some profit of the table, or still building position using the current profit to add to the position? I can now see why you put in a 300 pip SL for your position trade.
How often do you check this position, once a week? This one could be running for months, if it does go your way!
I am looking at a swing trade on EURUSD ~1.17-18, if we get there! The monthly chart shows a strong S/R so I will be ready for it. I am hoping that you have the same idea
Have a good one and speak to you soon!
Brian
I hope you had a nice break away from it!
You know me... I eat, sleep and breathe Forex at the moment, trying to soak up as much information on it in the last 5 months when I first started. My trading plans are coming together including one for my swing trades.
I didn't see that post of yours in the G/J, G/U, U/J Trading thread, so a nice swing trade there my friend which you are now building into a possible very nice position trade.
Do you still have the same SL on the original trade or have you moved it to 4195, the same as your new position trade? Have you taken some profit of the table, or still building position using the current profit to add to the position? I can now see why you put in a 300 pip SL for your position trade.
How often do you check this position, once a week? This one could be running for months, if it does go your way!
I am looking at a swing trade on EURUSD ~1.17-18, if we get there! The monthly chart shows a strong S/R so I will be ready for it. I am hoping that you have the same idea
Have a good one and speak to you soon!
Brian
- #7,052
- Edited 11:03pm May 31, 2010 10:38pm | Edited 11:03pm
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
hi Azim,
back, things are still a bit quiet.... I see the setup you're trading on cable, should be very sweet if it plays out.
I have the same target area 1489 on my chart. If we get up there what happens in that area could be interesting as well.
This hidden bearish divergence on my chart kept me out of a longer move. (I took the same ltl bounce for a short term trade, but the 14500 resistance area kept nagging me.)
The bearish divergence may well have played out with the ltl bounce, and we have a potential bullish divergence currenty setting up. I'm waiting on confirmation that it's going to cross up and not bounce off the 30% area on the RSX. Once that happens I'll be joining you on the pip voyage north..
Until then, just daily stuff here.
London may well pull GU up since we had a bearish Asia session. Looking for the 4H channel utl BO, got in at the DPP BO, but playing it by ear atm. If we break the utl topside then 14600-14630 area is a good first TP area, 14700 next.
If for some reason the 4H utl is rejected, and we break back below 14450, 1.4367 and potentially a trip to the 4H ltl 14320 area.
London will decide. I still need to wake up a bit from not watching charts for 3 days... lol
edit: closed my long +22. 15M overbought and we slipped back below utl. want to see Frankfurt sentiment on open. will get back in on BO.
back, things are still a bit quiet.... I see the setup you're trading on cable, should be very sweet if it plays out.
I have the same target area 1489 on my chart. If we get up there what happens in that area could be interesting as well.
This hidden bearish divergence on my chart kept me out of a longer move. (I took the same ltl bounce for a short term trade, but the 14500 resistance area kept nagging me.)
The bearish divergence may well have played out with the ltl bounce, and we have a potential bullish divergence currenty setting up. I'm waiting on confirmation that it's going to cross up and not bounce off the 30% area on the RSX. Once that happens I'll be joining you on the pip voyage north..
Until then, just daily stuff here.
London may well pull GU up since we had a bearish Asia session. Looking for the 4H channel utl BO, got in at the DPP BO, but playing it by ear atm. If we break the utl topside then 14600-14630 area is a good first TP area, 14700 next.
If for some reason the 4H utl is rejected, and we break back below 14450, 1.4367 and potentially a trip to the 4H ltl 14320 area.
London will decide. I still need to wake up a bit from not watching charts for 3 days... lol
edit: closed my long +22. 15M overbought and we slipped back below utl. want to see Frankfurt sentiment on open. will get back in on BO.
The figure in the bracket is my lotsize. In this case it's 1 full lot ($10/pip). I can afford the wide stop due to the overwhelming gains I achieved for the month of May. It's not an issue. Furthermore, an attractive setup usually will have me drawn in bigger.
I did.
Post: http://www.forexfactory.com/showpost...postcount=6197
Apart from the link I just posted earlier, the attached chart below is another reason why I'm trying to build this position. Time will tell if...
- #7,053
- May 31, 2010 11:32pm May 31, 2010 11:32pm
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
DAX gapped down, having trouble pulling back up. Good thing I closed my long for the moment.
Europe sentiment could be negative. There's lots not to be happy about atm. DPP holding but this could go either way.
Same scenario I posted earlier, BO up or down, in like Flynn.
Catch up with you Wednesday when you're back.
Europe sentiment could be negative. There's lots not to be happy about atm. DPP holding but this could go either way.
Same scenario I posted earlier, BO up or down, in like Flynn.
Catch up with you Wednesday when you're back.
- #7,054
- Jun 1, 2010 4:34am Jun 1, 2010 4:34am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
Finally the breakout.... 
133 and 14600 holding for the moment. TP and reload on PB.
133 and 14600 holding for the moment. TP and reload on PB.
- #7,055
- Jun 1, 2010 6:48am Jun 1, 2010 6:48am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
ok... enough fun and games for today. closed my longs here. 133.59 and 14650. nice bounce off the pb for an extra 180 pips GY/GU.
see what happens next. PMI news coming up, so flat until afterwards.
see what happens next. PMI news coming up, so flat until afterwards.
- #7,057
- Jun 1, 2010 7:15am Jun 1, 2010 7:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
long haul setup
GBPUSD
1. long @4482 sl @4195 (1.0)
okay enjoy the weekend fellas. See ya wednesday. Ta!
Trade closed.
GBPUSD
1. long @4482 closed @4664 (1.0)
Thank You
- #7,058
- Jun 1, 2010 7:22am Jun 1, 2010 7:22am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Trade closed.
GBPUSD
1. long @4482 closed @4664 (1.0)
I'm done for the month.
I still have 2 small longs bought @4267 locked @ 4470 with tp set @1.5 ($2/pip)
The floating profit & the one I just closed had amounted to a little over $2300 in profit, roughly about 3.5%
Since my minimum monthly target of 1% is surpassed comfortably well before nfp, I have decided to stop this month's trading & enjoy the world cup
Hope everyone trades well. Good luck!
Thank You
- #7,059
- Edited 7:46am Jun 1, 2010 7:35am | Edited 7:46am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
I'm done for the month.
I still have 2 small longs bought @4267 locked @ 4470 with tp set @1.5 ($2/pip)
The floating profit & the one I just closed had amounted to a little over $2300 in profit, roughly about 3.5%
Since my minimum monthly target of 1% is surpassed comfortably well before nfp, I have decided to stop this month's trading & enjoy the world cup
Hope everyone trades well. Good luck!
but it's only the 1st! really short month lol
- #7,060
- Jun 1, 2010 7:48am Jun 1, 2010 7:48am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
nice
but's it's only the 1st! really short month lol
Best way to start a month is to end it quick
Jokes aside tho, I've got more than I bargained for really & to get it early in the month of world cup is an absolute gift for me because god knows my sleep will be all over the place with so much of football I think it's near impossible for me to concentrate on trading.
Still have that 2 small longs going tho, hopefully it goes well.
Enjoy the trading bro! I'll keep up with the posts hopefully in between the matches & the gambling!
I've got RM2000.00 ($550.00) down on Germany to win it in a pot of 40. There's only me and another fella that took the same team. That's RM40k to each us if Germany wins it
Thank You