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600 Pips a Month with Shahab and GeppyG

  • #341
  • Jun 9, 2010 6:08pm Jun 9, 2010 6:08pm
Trade signal Number 21:
NZDJPY: Sell at 61.50-62
SL=63.85
1stTP=59.50 2ndTP=57.50
Time Frame :5-7 days
Reasons:
1-Descending scallop
2-Fib levels
3-Support turned Resistance
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  • #342
  • Jun 9, 2010 6:24pm Jun 9, 2010 6:24pm
U/J

It may breakout to the downside, we've already got N/J short from 61.50 ,so I wont make a trade call on U/J due to correlation of our open trades
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  • #343
  • Jun 9, 2010 8:12pm Jun 9, 2010 8:12pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Excellent trading, you are doing really great.
Ya. my demo-account is sky-rocketing

I am with you on the Short N/U. Got in @ 0.6746
"Blue Horseshoe loves Anacott Steel!"
  • #344
  • Jun 9, 2010 8:19pm Jun 9, 2010 8:19pm
Quoting Tuner
Ya. my demo-account is sky-rocketing

I am with you on the Short N/U. Got in @ 0.6746

I like that one, particularly the N/J, if it fails , it will be the first time I see a descending scallop failing
  • #345
  • Jun 9, 2010 8:40pm Jun 9, 2010 8:40pm
Trade signal Number 18 :Update

2nd short A/U from .8320 which SL>B/E stopped out and we re-enter at the same price with two positions, the SL and TP as #18
  • #346
  • Jun 10, 2010 10:35am Jun 10, 2010 10:35am
Hi Guys ,

Watch out for the dollar index we could bounce here..

Also Apologies for the lack of posting on my behalf had to go for a minor operation so...have been recovering the last day and a half...Will back to regular posting from tommorow onwards...

Good Luck all

Take care
Geppyg
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Let Price determine your future!
  • #347
  • Jun 10, 2010 11:45am Jun 10, 2010 11:45am

Trade Signal Number 18 Update:
A/U short Stopped out at .8410 (-90*2=-180)

Trade Signal Number 19 Update:
U/Cad Stopped out at 1.0320 (-80*2=-160)
  • #348
  • Edited 12:24pm Jun 10, 2010 12:05pm | Edited 12:24pm
Trade Signal Number 22

AUDUSD: Sell at .8465-8485
SL=85.25
1stTP=.8405 2ndTP=.8325
Time Frame:2-3 days
Reasons:
1-Fib levels
2-Resistance
3-Overbought condition in smaller TF while lager trend is still down
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  • #349
  • Jun 10, 2010 1:09pm Jun 10, 2010 1:09pm
Trade Signal Number 23:

GBPUSD Sell limit at 1.4729
SL=1.4850
1stTP=1.4689 2ndTP=1.4639
Time Frame:2-3 days
Reasons:
1-Fib levels
2-Support
3-Overbought condition in smaller TF while the larger trend still down
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  • #350
  • Jun 10, 2010 1:26pm Jun 10, 2010 1:26pm
Quoting shahab8b
Trade Signal Number 23:

GBPUSD Sell limit at 1.4729
SL=1.4850
1stTP=1.4689 2ndTP=1.4639
Time Frame:2-3 days
Reasons:
1-Fib levels
2-Support
3-Overbought condition in smaller TF while the larger trend still down
I'm with you on this one, good call. We just have to bust the monthly piv and "00" confluence to get to target
  • #351
  • Jun 10, 2010 2:02pm Jun 10, 2010 2:02pm
Quoting shahab8b
Trade Signal Number 22

AUDUSD: Sell at .8465-8485
SL=85.25
1stTP=.8405 2ndTP=.8325
Time Frame:2-3 days
Reasons:
1-Fib levels
2-Resistance
3-Overbought condition in smaller TF while lager trend is still down

Trade Signal Number 22 Update:
Two A/U short positions have been taken at .8485 ,SL and TP as said
  • #352
  • Jun 10, 2010 2:03pm Jun 10, 2010 2:03pm
Quoting Saxon
I'm with you on this one, good call. We just have to bust the monthly piv and "00" confluence to get to target

Great, I've already taken small shorts on Cable at 1.4712 , but big orders are sitting a bit higher
  • #353
  • Jun 10, 2010 3:47pm Jun 10, 2010 3:47pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Trade Signal Number 22 Update:
Two A/U short positions have been taken at .8485 ,SL and TP as said
Hi Shahab,
I am in as well from 0.85
We are pretty overbought and should at least see a correction now.

But got cautious now about the longer term outlook after my UTL was broken today.
If we go down now and bounce back up from there on a retest... there might be some more upside in the cards.
Lookin at the bigger drop we did only retrace to the 38.2 for now.

USDX did also bounce down from the longer term TL with a lot of room down.

So it's gonna be interesting the next days / weeks IMO.
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"Blue Horseshoe loves Anacott Steel!"
  • #354
  • Edited 5:52pm Jun 10, 2010 5:24pm | Edited 5:52pm
Trade Signal Number 24
EURUSD Sell at 1.2150
SL=1.2220
1st TP=1.2010 2ndTP=1.1750
Reasons:
1-Support Turned Resistance
2-Fib confluence
3-Daily trend down
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  • #355
  • Jun 10, 2010 5:59pm Jun 10, 2010 5:59pm
Quoting Tuner
Hi Shahab,
I am in as well from 0.85
We are pretty overbought and should at least see a correction now.

But got cautious now about the longer term outlook after my UTL was broken today.
If we go down now and bounce back up from there on a retest... there might be some more upside in the cards.
Lookin at the bigger drop we did only retrace to the 38.2 for now.

USDX did also bounce down from the longer term TL with a lot of room down.

So it's gonna be interesting the next days / weeks IMO.
Hi Tuner,
Well done on the entry. Regarding what you said I'm really interested to see what will be the next direction.As you know I'm bearish on economy hence bullish on USD. But that doesn't me I dont see this (A/U chart)
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  • #356
  • Jun 10, 2010 6:06pm Jun 10, 2010 6:06pm
Quoting shahab8b
Trade Signal Number 24
EURUSD Sell at 1.2150
SL=1.2220
1st TP=1.2010 2ndTP=1.1750
Reasons:
1-Support Turned Resistance
2-Fib confluence
3-Daily trend down
Good call, I took this trade at market price of 1.2112. Double lots and making it a keeper.
Shahab, whats your take on GBP/USD, I am bleeding there a bit, I removed my SL that I had at 1.4709. The highest I can see on charts is 1.4736 but havent decided what to do with it yet. My position is not big, so wouldnt harm the bank balance that much eitherway.
Find a job that you love and you dont have to work again in your life.
  • #357
  • Jun 10, 2010 7:31pm Jun 10, 2010 7:31pm
Quoting shahab8b
Trade Signal Number 23:

GBPUSD Sell limit at 1.4729
SL=1.4850
1stTP=1.4689 2ndTP=1.4639
Time Frame:2-3 days
Reasons:
1-Fib levels
2-Support
3-Overbought condition in smaller TF while the larger trend still down
Please move your stops to break even on this particular trade..

Thanks Geppyg
Let Price determine your future!
  • #358
  • Jun 10, 2010 11:28pm Jun 10, 2010 11:28pm
Hey Shahab/Geppy,
I was wondering your take on GU top. When it peaks I am going to enter heavy, so I am just double checking your levels. I have 3 I will be placing short orders on, assuming PA agrees.
  • #359
  • Jun 10, 2010 11:52pm Jun 10, 2010 11:52pm
Trade Signal Number 22: Update
We took profit on 1st position on .8455 (+30 pips)
SL>B/E on the 2nd
  • #360
  • Jun 11, 2010 12:04am Jun 11, 2010 12:04am
Quoting shahab8b
Trade Signal Number 24
EURUSD Sell at 1.2150
SL=1.2220
1st TP=1.2010 2ndTP=1.1750
Reasons:
1-Support Turned Resistance
2-Fib confluence
3-Daily trend down


Well ,what to say, missed by 2.5 pips
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