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  • #2,321
  • Jun 15, 2010 11:21pm Jun 15, 2010 11:21pm
Oil trade was stopped out over night.

Re-entered @ 76.99 with SL @ 78.00. also short on YMMO @ 10369, SL@10510

Existing positions from yesterday still in play:

1. G/U short @ 1.4806, SL@ 1.4842
2. E/U short @ 1.2319, SL @ 1.2375
3. G/AUD (daily pin...though not going to plan - have 3% on this!) @ 1.7093, SL @ 1.7270
4. C/J - daily pin bar from yesterday @ 88.40, SL @ 89.35

Fpor me the question is can we have another bullish day on the equity markets I hope not!) or will the potential resistance levels I marked yesterday hold...Will 10370 hold on YM or will we get up to 10430-40 area. These are all counter the intraday trend, but there is too much resistance above to start going long on currencies etc at the moment.

The following levels are levels I'm aiming to get some shorts in play if everything lines up or as close to these levels as possible:

1. AU - 0.8670 - 0.8750
2. AJ - 79.80 - 80.40
3. EU - now up to 1.2400
4. EJ - 113.15 - 114
5. GU - Now
6. GJ - Now - 137.
7. UJ - 91.80-92.10
  • #2,322
  • Jun 16, 2010 12:19am Jun 16, 2010 12:19am
Quoting lovejoy80
Oil trade was stopped out over night.

Re-entered @ 76.99 with SL @ 78.00. also short on YMMO @ 10369, SL@10510

Existing positions from yesterday still in play:

1. G/U short @ 1.4806, SL@ 1.4842
2. E/U short @ 1.2319, SL @ 1.2375
3. G/AUD (daily pin...though not going to plan - have 3% on this!) @ 1.7093, SL @ 1.7270
4....
Keep your head up, you'll be back in no time. My opinion is that it's a mixture of bad markets (you know they're bad since that flash crash) with bad attitude (rushing things, even though you managed to trade a lot more in the beginning, but conditions change and we need to adapt).

Here's what I'm seeing. I know you don't like USDX (I think you said it one time in the beginning, I might be mistaking), but it's useful sometimes.

Minor double bottom on H1 with divergence, but not a long way to run (see picture). I for one am looking for a retrace in EU to go long (I managed to catch the move yesterday from 1.2180 and 1.2215 up to 1.2320, being my only trades).
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  • #2,323
  • Jun 16, 2010 12:27am Jun 16, 2010 12:27am
Quoting neutro
Keep your head up, you'll be back in no time. My opinion is that it's a mixture of bad markets (you know they're bad since that flash crash) with bad attitude (rushing things, even though you managed to trade a lot more in the beginning, but conditions change and we need to adapt).

Here's what I'm seeing. I know you don't like USDX (I think you said it one time in the beginning, I might be mistaking), but it's useful sometimes.

Minor double bottom on H1 with divergence, but not a long way to run (see picture). I for one am looking for a retrace...
Thanks, I dont mind USDX...I used to follow it but because it's another broker I have to have I just kinda stopped looking at it...that definitely looks good for a reversal up to your marked area...what broker do you use to watch it?
  • #2,324
  • Jun 16, 2010 12:27am Jun 16, 2010 12:27am
Morning,

YM is blocked to the pip at 10370 for the last 4 hrs. Same applying to most pairs. Any reason ?
  • #2,325
  • Jun 16, 2010 12:34am Jun 16, 2010 12:34am
Quoting lovejoy80
Thanks, I dont mind USDX...I used to follow it but because it's another broker I have to have I just kinda stopped looking at it...that definitely looks good for a reversal up to your marked area...what broker do you use to watch it?
http://www.forexfactory.com/showpost...postcount=2209
  • #2,326
  • Jun 16, 2010 12:35am Jun 16, 2010 12:35am
Quoting neutro
Demo account with them. http://www.forexltd.co.uk/

Tell me if you want to have multiple broker accounts into on single MT4 platform. (you will need to reconnect each time you need specific contracts on each broker).
Invitation remains valid.

edit: ogeid beat me to it.
  • #2,327
  • Jun 16, 2010 12:55am Jun 16, 2010 12:55am
Talk about a hard break...

http://content.screencast.com/users/...06-16_1054.png
  • #2,328
  • Jun 16, 2010 12:56am Jun 16, 2010 12:56am
Gotta go out for next few hours so have moved SL to BE on GU as FTA hit...wanna see if it will run. Will add a pending short below 1.4750 too

Would have added another YM short but presume contract has expired.

Oil TP set @76.10, YM @ 10315 and stops moved to BE on EU and EJ shorts.

these are all about 1% positions and normally I wouldnt move to BE so soon on some but being out I'm banking on the weakness continuing and dont want there to be a turnaround in equity markets whilst I'm out.
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  • #2,329
  • Jun 16, 2010 12:59am Jun 16, 2010 12:59am
Anyone see this which I mentioned yesterday...I took it on demo only...55 pips up now.
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  • #2,330
  • Jun 16, 2010 1:12am Jun 16, 2010 1:12am
There is a good PB off that TL on FxPro now. You are in good shape
  • #2,331
  • Jun 16, 2010 3:43am Jun 16, 2010 3:43am
Well we've had a reaction on equity markets and oil at the resistance areas...question is can we get some follow through or is it just a pause before gathering momentum to break higher...

Good GBP employments news (damn) caused GBP to rise thus my GU trade got stopped out @ BE+1

Why oh why didn't I take the E/NZD trade on real account...its; formed a 4HR BEOB now too following the touch trade...that was a good touch trade setup...PPZ, BRN, TL and fibs...what more could you ask for!
  • #2,332
  • Jun 16, 2010 3:47am Jun 16, 2010 3:47am
have you considered opening a micro account on oanda and trading LIVE rather than the demo account?

that way, pscyhologically you have the feeling of winning and losses dont hurt much.

Quoting lovejoy80
Well we've had a reaction on equity markets and oil at the resistance areas...question is can we get some follow through or is it just a pause before gathering momentum to break higher...

Good GBP employments news (damn) caused GBP to rise thus my GU trade got stopped out @ BE+1

Why oh why didn't I take the E/NZD trade on real account...its; formed a 4HR BEOB now too following the touch trade...that was a good touch trade setup...PPZ, BRN, TL and fibs...what more could you ask for!
  • #2,333
  • Jun 16, 2010 4:12am Jun 16, 2010 4:12am
LJ, Neutro you have PM.

Cheers
  • #2,334
  • Jun 16, 2010 4:19am Jun 16, 2010 4:19am
Quoting coolshades
have you considered opening a micro account on oanda and trading LIVE rather than the demo account?

that way, pscyhologically you have the feeling of winning and losses dont hurt much.
he does trade live for some time now...
  • #2,335
  • Jun 16, 2010 4:29am Jun 16, 2010 4:29am
Quoting neutro
Invitation remains valid.

edit: ogeid beat me to it.
yeah that would be a great tool to have as I have 3 different brokers!
  • #2,336
  • Jun 16, 2010 4:31am Jun 16, 2010 4:31am
Quoting coolshades
have you considered opening a micro account on oanda and trading LIVE rather than the demo account?

that way, pscyhologically you have the feeling of winning and losses dont hurt much.
Yeah, to be honest I would normally have taken that trade without thinking, but for some unknown reason probably lack of confidence at the moment as results not as good I gave it a pass...as touch trades are the riskiest of the types of trades I take. I don't normally demo trades but am doing some testing for someone on a trade copier so just entered it on there...I should have taken it on live Oanda account and just risked very little....well actually I should have just taken it like normal as its within my rules and was actually a very good touch trade setup...lots of confluence
  • #2,337
  • Jun 16, 2010 4:54am Jun 16, 2010 4:54am
Getting some movement now on equities and xxx/usd + xxx/usd have added another ere/u short and a g/u short....hard to know where else technicaly to add entries without just entering blind.

If being aggressive and working on assumption that dow and other equities were going to fall together with oil...then could have just chosen some pairs (xxx/jpy fall faster when dow falls)and chosen a set account risk amount and just sold them i.e.want to risk 6% of account on xxx/jpy +xxx/usd shorts and spread it across some pairs with stops above recent daily highs.
  • #2,338
  • Jun 16, 2010 5:06am Jun 16, 2010 5:06am
Quoting lovejoy80
yeah that would be a great tool to have as I have 3 different brokers!
I'm going to write it here, maybe someone else is interested. The only negative aspect of this setup is that you have to manually switch between accounts, but all the accounts will be on one platform, you don't have to switch between platforms.

 

  1. IF you don't already have an MT4 account with the broker, you have to download and install the platform from that broker. (if you do, you can skip it).
  2. Create the MT4 account in the installed platform and keep all the details. (account no, master and investor password)
  3. Go to the "config" folder in the installation folder of your non-main platform(e.g. C:/Program Files/Broker-MT4/config) and copy the .srv files.
  4. Paste the .srv files in the main platform "config" folder. You should have all the .srv of your brokers there. (as in first picture)
  5. Open the main platform and login with your first account. (be sure that you select the correct server)
  6. Click the numbers in the bottom right of the platform (2nd picture) and then click Login. Login with the second account (and select the right server).
  7. Do this with all the accounts that you have. When you would like to switch accounts, just click the bottom right numbers, click login, click the down arrow on the login field and select the desired account. If you have the "save account info" checked, it will fill the password and server automatically. You will have to click the login arrow to switch between accounts, pressing the up/down arrow on your keyboard won't do the trick. (3rd picture)

That's about it. If you have questions, ask away.

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  • #2,339
  • Jun 16, 2010 5:22am Jun 16, 2010 5:22am
Quoting neutro
I'm going to write it here, maybe someone else is interested. The only negative aspect of this setup is that you have to manually switch between accounts, but all the accounts will be on one platform, you don't have to switch between platforms.

[list=1][*]IF you don't already have an MT4 account with the broker, you have to download and install the platform from that broker. (if you do, you can skip it).[*]Create the MT4 account in the installed platform and keep all the details. (account no, master and investor password)[*]Go to the "config"...
Awesome, thanks I'll do this tonight
  • #2,340
  • Jun 16, 2010 5:24am Jun 16, 2010 5:24am
CJ daily pin trade hit SL earlier for a 1.92% loss. I closed G/AUd early as GBP is clearly stronger than AUD today and its not going howI expected it to go...-1.43%, though as I soon as I closed it it bounced down again lol.

Currently short GU,EU,EJ Oil and dow futures and long EC...have a pending GU short @ 1.4740
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