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600 Pips a Month with Shahab and GeppyG

  • #161
  • Jun 4, 2010 5:05am Jun 4, 2010 5:05am
E/U

We might get the chance to take a short around 1.2150.
I dont post a pending order as I would like to see the PA when it gets back at there.

You may want to watch that level closely and set you SL a bit above 1.221.
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  • #162
  • Jun 4, 2010 5:06am Jun 4, 2010 5:06am
Quoting Tuner
Hi Shahab,

No problem
I missed the U/J Trade (sometimes I like to sleep for a bit )
Scalped some of that drop in E/U.
--> Dollar index now broke out to the upside.
Didn't expect bigger moves before the NFP. and gonna stay out till things settled again.

(Glad I did hold my short on Gold )

I showed you my TP level, didnt I .
  • #163
  • Jun 4, 2010 5:16am Jun 4, 2010 5:16am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
I showed you my TP level, didnt I .
yes you did...and mine sits around the same area now
"Blue Horseshoe loves Anacott Steel!"
  • #164
  • Jun 4, 2010 5:19am Jun 4, 2010 5:19am
Quoting shahab8b
Trade Signal Number 6:

GBPJPY : Sell limit at 136.33
SL= 137.33
1st TP= 134.20 , 2nd TP=131.20
Time Frame of the Trade:5-7 days
Reasons:
1-Fibonacci levels
2-Weekly R2
3-Support Turned Resistance

Trade Signal Number 6 has been canceled:

You can see the reason on the chart, We missed our entry by a few pips.Well that happens, no worries, there will be another trade and another opportunity.
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  • #165
  • Jun 4, 2010 5:30am Jun 4, 2010 5:30am
Quoting shahab8b
Trade Signal Number 6 has been canceled:

You can see the reason on the chart, We missed our entry by a few pips.Well that happens, no worries, there will be another trade and another opportunity.
We may get a long opportunity at 134.20. Reason - 38.2% retracement, the area is close to daily S1.

Cheers
  • #166
  • Jun 4, 2010 5:35am Jun 4, 2010 5:35am
Quoting shahab8b
Trade Signal Number 8:

USDJPY Sell at 92.75-90
SL=93.10
1stTP=92.20 2ndTP=91.60
Time Frame of the Trade: 8-10 Hrs
Reasons:
1-Resistance
2-Vicinity of Weekly R2
3-Classic Div
4-Ending Diagonal
UJ short update
We are getting closer to our 2nd target
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  • #167
  • Jun 4, 2010 5:45am Jun 4, 2010 5:45am
Quoting shahab8b
Trade Signal Number 8:

USDJPY Sell at 92.75-90
SL=93.10
1stTP=92.20 2ndTP=91.60
Time Frame of the Trade: 8-10 Hrs
Reasons:
1-Resistance
2-Vicinity of Weekly R2
3-Classic Div
4-Ending Diagonal

Trade Signal Number 8 :Update
We are taking profit on our 2nd short USDJPY from 92.80 at 92 (+80 pips)
  • #168
  • Jun 4, 2010 5:56am Jun 4, 2010 5:56am
Quoting shahab8b
UJ, the ending diagonal is just like this , it has overlapping moves along the way, but the drop will be sharp.

I dont know how many of you guys have traded U/J short with us. I tried to explain that all the up/down movements on an ending diagonal are expected. when the fall comes you cant get into it unless you have already been positioned.

GeppyG and I try to explain the logic behind each trade, hope it helps a few of you out there.
  • #169
  • Jun 4, 2010 6:01am Jun 4, 2010 6:01am
Daily Count Update 4th of June:

Two Short positions :USDJPY from 92.80 ,TP at 92.40 ,92 (+40, +80)
Total= +120

Weekly Count:

1-Two Short positions AUDUSD from .8375 1TP at 83.05 (+70) 2nd Stopped at B/E
2-Two Short Positions USDJPY from 92 closed at 92.16 (-16*2= -32)

3-Two Short positions :USDJPY from 92.80 ,TP at 92.40 ,92 (+40, +80)



Total weekly count : +158 pips
  • #170
  • Jun 4, 2010 6:46am Jun 4, 2010 6:46am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Daily Count Update 4th of June:

Total weekly count : +158 pips
Hi Shahab,

Nice results! Not a bad first week at all!
(Even if the condition with the ranging markets were not the easiest to trade)
Missed the U/J Trade but had a few other trades myself (more the shorter term scalps)

GeppyG and Shahab:
Thanks once again for the great thread and the efforts.
With all the additional information besides the actual trade-calls this is really a good opportunity to learn for all of us.

Dollar Index chart as a "guide" even in shorter timeframes for example is one of the lessons I learned now.
(--> can work out pretty nice )

Keep up the good work!

-Tuner-
"Blue Horseshoe loves Anacott Steel!"
  • #171
  • Jun 4, 2010 6:53am Jun 4, 2010 6:53am
A/U
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  • #172
  • Jun 4, 2010 7:15am Jun 4, 2010 7:15am
Quoting Tuner
Hi Shahab,

Nice results!...
Hi Tuner,

Thank you for your appreciation.
Considering that we stared on Wed , The result is not bad for three days.But I'm not satisfied with the performance, we had a few missed entries.Besides we didn't post some of the good trades that we took ourselves as the process of trading live and posting a trade call with chart and analysis is quite a job.
  • #173
  • Edited 9:36am Jun 4, 2010 8:01am | Edited 9:36am
Quoting Tuner
Hi Shahab,

Nice results! Not a bad first week at all!
(Even if the condition with the ranging markets were not the easiest to trade)
Missed the U/J Trade but had a few other trades myself (more the shorter term scalps)

GeppyG and Shahab:
Thanks once again for the great thread and the efforts.
With all the additional information besides the actual trade-calls this is really a good opportunity to learn for all of us.

Dollar Index chart as a "guide" even in shorter timeframes for example is one of the lessons I learned now.
(--> can work...
Hi tuner,

Thanks a lot for your kind comments..
I totally agree with Shahab there has been 3 missed trades and my aussie and Shahab's GY trade have missed by just 5 pips but they would have yielded at least 200 pips.

But in these markets rather be safe than sorry..

Have a lovely Trading Day

Geppyg
Let Price determine your future!
  • #174
  • Jun 4, 2010 8:33am Jun 4, 2010 8:33am
S&P500 futures:

As I pointed out watch out for that rising wedge (bearish) ,I assume we will see some serious moves pretty soon.

Ok , I guess I'll call it a week.

Wish you all a wonderful weekend
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  • #175
  • Jun 5, 2010 5:51pm Jun 5, 2010 5:51pm
E/U

the descending triangle target will be around 1.165 ,interesting enough it is the same level of the structural support at weekly chart.If we get a chance we can short the pair at S turned R of the base of the triangle.
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  • #176
  • Jun 5, 2010 6:07pm Jun 5, 2010 6:07pm
A/U ,
It didn't turn around at 100 ext but I think it may head higher at 161 ext, then south again.
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  • #177
  • Jun 6, 2010 1:44am Jun 6, 2010 1:44am
Quoting shahab8b
A/U ,
It didn't turn around at 100 ext but I think it may head higher at 161 ext, then south again.
Hello shahab8b,

thanks for brilliant charts and analysis, and a first class thread.

I too see a bounce in the Aussie happening, but as so often after trending NFP Fridays there may be an extension of the move by Sydney Sunday until Tokyo gets started. If so there's another level to watch, 161.8% of XA in the chart, a bounce at which would make it a textbook crab pattern.
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  • #178
  • Jun 6, 2010 8:26am Jun 6, 2010 8:26am
Hi All,

I know that this has been spotted by many already..But please bear in the mind these very crucial figures:

88.70-Monthly Trendline
89.70-2009 High

Also these were the 2005 and 2006 Suppports.

Again There are many threads which make very wild calls on the euro and cable...Please take time to assess the charts and wait for peak point on the dollar.

I hope you all have a very nice trading week.
Another 440 Left to target.

Best regards

GeppyG and Shahab
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Let Price determine your future!
  • #179
  • Jun 6, 2010 8:37am Jun 6, 2010 8:37am
Quoting medici
Hello shahab8b,

thanks for brilliant charts and analysis, and a first class thread.

I too see a bounce in the Aussie happening, but as so often after trending NFP Fridays there may be an extension of the move by Sydney Sunday until Tokyo gets started. If so there's another level to watch, 161.8% of XA in the chart, a bounce at which would make it a textbook crab pattern.

Hi Medici,

Than you for your appreciation and kind words.
I agree with you, right now I'm entertaining possible scenarios.I also agree we will continue with bearish mode on Sun Asian Session.
As for the Bullish Crab , did you consider it a [0.618/0.382/3.618] ?
  • #180
  • Jun 6, 2010 8:51am Jun 6, 2010 8:51am
Dear all,

I received some PM's regarding the eligibility of posting in this thread which is a minimum 3 vouches at the moment.The reason behind the desicion is that we would like to discuss the technical aspect of the trades here. In case you have a general question or you need us to explain the trades better please post at my other thread:

http://www.forexfactory.com/showthread.php?t=216247

Posting there is free for everyone.
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