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600 Pips a Month with Shahab and GeppyG

  • #201
  • Jun 7, 2010 12:02pm Jun 7, 2010 12:02pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b

Well ,stopping out at B/E when you were +200 pips up 2 hrs before is painful.
But dont think about it, if all the moves were predictable there would be no challenge
Ya. Painful indeed. But in the end: no money lost.
And a new lesson learnt.
I sure like the challenge but a bit more predictable wouldn't be bad either
"Blue Horseshoe loves Anacott Steel!"
  • #202
  • Jun 7, 2010 12:13pm Jun 7, 2010 12:13pm
Quoting Tuner
Ya. Painful indeed. But in the end: no money lost.
And a new lesson learnt.
I sure like the challenge but a bit more predictable wouldn't be bad either
True, that's the reason I always trade with at least two positions. When I'm happy with the profit, TP on one and the other SL>B/E and let it run.
  • #203
  • Jun 7, 2010 12:58pm Jun 7, 2010 12:58pm
Quoting shahab8b
Trade Signal Number 11

CADJPY: Sell at 87.45-75
SL=89.15
1stTP=85.50 2ndTP=83.50
Time Frame of the Trade: 5-7 days
Reasons:
1-Fib levels
2-Support turned Resistance
3-Pivot
4-Re-test of the broken LTL on 4hr
Trade Signal Number 11 :Update

Short CADJPY trade from 87.45 made 30*2=60 pips so far. We moved the SL>B/E on both open short positions. TP remain the same.
Attached Image (click to enlarge)
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  • #204
  • Jun 7, 2010 1:18pm Jun 7, 2010 1:18pm
Quick Update of all PO's and Open positions:


#7 N/U sell limit at ,6750 PO
#9 G/U short 1.4530 Closed 1st with +40 pips ,2nd SL sitting at B/E +50 atm
#10 A/U sell limit at .8260 PO
#11 Cad/J short from 87.45 SL sitting on B/E on both positions +40*2=+80 atm
  • #205
  • Jun 7, 2010 1:48pm Jun 7, 2010 1:48pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Geppyg
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.
First test of 88.70 to the point today.
To see the lil bounce there made me pretty confident to take a Short U/CAD (as mentioned by Shahab earlier) for some pips.
But still too early (for me) to call it the peak on the dollar already.
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"Blue Horseshoe loves Anacott Steel!"
  • #206
  • Jun 7, 2010 1:57pm Jun 7, 2010 1:57pm
Trade Signal Number 11:Update

We are taking profit on 1st Short C/J position from 87.45 at 86.70 (+75 pips)
2nd SL>B/E TP as the plan remains at 83.50
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  • #207
  • Jun 7, 2010 2:08pm Jun 7, 2010 2:08pm
Update of Jun 7th

1stG/U short from 1.4530 close +40
1stCad/J short from 87.45 closed +75

Open positions,

2nd G/U from 1.4530 SL sitting at B/E +50
2nd Cad/J from 87.45 SL sitting at B/E +60

Total pips count of the day:

+115 pips

Total pips count of Jun so far

+273 pips + open positions with SL sitting on B/E
  • #208
  • Jun 7, 2010 2:17pm Jun 7, 2010 2:17pm
In the mean time I was scalping A/U short while writing the trade calls, didn't post as I didn't want to increase the overall exposure of our open positions to the market due to correlation
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  • #209
  • Jun 7, 2010 2:23pm Jun 7, 2010 2:23pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
In the mean time I was scalping A/U short while writing the trade calls, didn't post as I didn't want to increase the overall exposure of our open positions to the market
Think I did almost the same thing with a long U/CAD.
Also divergence there (as well as a bounce from weekly pivot)
Attached Image (click to enlarge)
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"Blue Horseshoe loves Anacott Steel!"
  • #210
  • Jun 7, 2010 2:25pm Jun 7, 2010 2:25pm
Quoting Tuner
Think I did almost the same thing with a long U/CAD.
Also divergence there (as well as a bounce from weekly pivot)
Excellent trading,Tuner you should take over here soon
  • #211
  • Jun 7, 2010 2:30pm Jun 7, 2010 2:30pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Excellent trading,Tuner you should take over here soon
Thanks But think I will have to start my own thread then named
"Break-Even Trading with Tuner" or something like that
"Blue Horseshoe loves Anacott Steel!"
  • #212
  • Jun 7, 2010 2:41pm Jun 7, 2010 2:41pm
This one is for newbies:

Look at levels I'm looking at,

The Chart :Shorting DJI futures
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  • #213
  • Jun 7, 2010 4:43pm Jun 7, 2010 4:43pm
Shahab, I see that you still have the A/U PO set at 8260. Are you expecting it to still make it there or is that level long gone in your opinion?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #214
  • Jun 7, 2010 5:10pm Jun 7, 2010 5:10pm
HI Shahab,
Did we have another fat finger last night? On CMC I have a 1 min candle on DOW down to 9683. Good thing that I lifted my SL to 9905. Also I have a long shooting star on AUD up to 90.14 about 5 hours ago!, Anyone else seen this?

still long on jpy SL at B/E (91.13).
Find a job that you love and you dont have to work again in your life.
  • #215
  • Jun 7, 2010 5:22pm Jun 7, 2010 5:22pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting tradoholic
HI Shahab,
Did we have another fat finger last night? On CMC I have a 1 min candle on DOW down to 9683. Good thing that I lifted my SL to 9905. Also I have a long shooting star on AUD up to 90.14 about 5 hours ago!, Anyone else seen this?
Hi there tradoholic,
On FxPro Dow even spiked down to 9665 :o
But nothing on the AUD here.
"Blue Horseshoe loves Anacott Steel!"
  • #216
  • Jun 7, 2010 7:17pm Jun 7, 2010 7:17pm
Quoting tradoholic
HI Shahab,
Did we have another fat finger last night? On CMC I have a 1 min candle on DOW down to 9683. Good thing that I lifted my SL to 9905. Also I have a long shooting star on AUD up to 90.14 about 5 hours ago!, Anyone else seen this?

still long on jpy SL at B/E (91.13).

Hi there,
Yea I saw that, that's weird. I've got it on DJI futures.But I dont have that one on Aussie. Are you long Dow again now?
  • #217
  • Jun 7, 2010 7:26pm Jun 7, 2010 7:26pm
Quoting shahab8b
Hi there,
Yea I saw that, that's weird. I've got it on DJI futures.But I dont have that one on Aussie. Are you long Dow again now?
Yes I am went back in at 9805 with double lots. Still long on A/U and JPY.
My position remaims the same as stated before. I have a court case tomorrow and am busy preparing for it, will be back trading again on Thursday. I will be checking the markets from my iphone anyway.
Find a job that you love and you dont have to work again in your life.
  • #218
  • Jun 7, 2010 7:41pm Jun 7, 2010 7:41pm
This is what I had in AUD with CMC, unfortunately I did not have limit order for my longs,
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Find a job that you love and you dont have to work again in your life.
  • #219
  • Jun 7, 2010 7:43pm Jun 7, 2010 7:43pm
Quoting tradoholic
This is what I had in AUD with CMC, unfortunately I did not have limit order for my longs,
Wow, You should have set your TP buddy.
  • #220
  • Edited 8:28pm Jun 7, 2010 8:16pm | Edited 8:28pm
Trade Signal Number 12;

AUDUSD :Sell at .8175
SL=.8220
1TP= .8105 2nTP=7750
Reasons;
1-Fib level
2-Daily R2
3-Hidden bearish Div
4-Resistance
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