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Buildcity's Trading Journal

  • #481
  • Edited 11:31pm Jul 22, 2010 9:44pm | Edited 11:31pm
Light breakfast on GU. in early morning. no pic.
  • #482
  • Jul 22, 2010 11:40pm Jul 22, 2010 11:40pm
Quoting Sim
ukcool you use oanda?

spread 4 is not bad I use that on smaller accounts eric but larger one it's 2.5 all the wayyy! Rocks, when other brokers are stopping me out at BE and oanda holds on then goes to 50 I want to kiss them
Sim,

Oanda offers 2.5 for GJ?? If so, I must re-consider again by mid-Aug, the new house may serve me a better internet connection!!

PS - any stop hunting suspected? You know I'm playing really short term trade, stop hunting means important to me!!

Cheers mate
  • #483
  • Jul 23, 2010 12:57am Jul 23, 2010 12:57am
I'm off today

Top pretty good resistance (the little pink on top, almost cant see), + slow down at r/n, give it a try. Entry at last red top, seems good, another one, still good, the third one. Set all TP around MA10. Then dont know why there was a sudden drop on all EJ / GU / EU / GJ. Then all TP are hitted.

Purely luck on these 3.
Attached Image
  • #484
  • Edited 5:17am Jul 23, 2010 4:53am | Edited 5:17am
Pip26,

These are the chart on the post you send me.

Just a quick observation.

Your charts look good but IMHO you may be making a big mistake. You are confusing timeframes in that chart. Those lines are connecting unrelated swings. Swings of daily with 240M with 60M and even with a weekly swing. This is a very common mistake I see in most charts here.

If you are going to use channels (I dont) you need to plot for example daily swings in a 240m to have a proper channel. If you want to refine your entry you can plot for example a new chart with 240m swing in a 60 min chart so you can zoom in and define better entries... If you don't know how to draw channels you will end up in a conflicting net of lines, expending more time drawing after the fact lines than trading those levels.

In any case that's only my opinion and I hope the charts help. 240M with daily channels and 60M with 240M channels

sisse

PS: BuildCity Sorry to flood your journal



Quoting Pip26
Here are my H4 charts for EU, EJ, GU......

EU broke below the upper channel but then able to get back in the channel again now is near 1.2900 Resistance break above that level can open the track for 1.3000 again... or rejection of 1.2900 can pull price back to test 1.2750-60 area.

EJ is trying to cross the resistance area holding above that area can support the price to touch 113.00 again which is a strong resistance. Rejection of current level can throw the price back to test 110.70 and maybe new low at 109.50 as price is making lower lows support...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EuroUSD.PNG Size: 65 KB
Click to Enlarge Name: EuroUSD60m.PNG Size: 49 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #485
  • Jul 23, 2010 5:42am Jul 23, 2010 5:42am
Quoting Buildcity
Sim,

Oanda offers 2.5 for GJ?? If so, I must re-consider again by mid-Aug, the new house may serve me a better internet connection!!

PS - any stop hunting suspected? You know I'm playing really short term trade, stop hunting means important to me!!

Cheers mate
I told you the spread aaaages ago when you said about java probs

Yeah they are 2.5 with no commission! Rocks... no stop hunting lol don't worry about that, just be careful of news etc infact they are better than DUKAS IMO because I often get stopped on dukas due to their crazy variable spread cleaning my stops when oanda doesn't
  • #486
  • Jul 23, 2010 11:53am Jul 23, 2010 11:53am
Quoting Sim
I told you the spread aaaages ago when you said about java probs

Yeah they are 2.5 with no commission! Rocks... no stop hunting lol don't worry about that, just be careful of news etc infact they are better than DUKAS IMO because I often get stopped on dukas due to their crazy variable spread cleaning my stops when oanda doesn't
Tks Sim. Sorry for the late reply. I just came back with my computer now.
  • #487
  • Jul 23, 2010 12:30pm Jul 23, 2010 12:30pm
See link, posted on Sho's thread
http://www.forexfactory.com/showpost...postcount=4422
  • #488
  • Jul 23, 2010 12:42pm Jul 23, 2010 12:42pm
11 trades, 3 loss, 8 win = +117p

Not bad, Stop now
  • #489
  • Jul 23, 2010 9:21pm Jul 23, 2010 9:21pm
If you want to trade more than 2 pairs, Sho has suggested the solid major pairs here

http://www.forexfactory.com/showpost...postcount=4423
  • #490
  • Jul 24, 2010 3:26am Jul 24, 2010 3:26am
Quoting Sim
....I often get stopped on dukas due to their crazy variable spread cleaning my stops when oanda doesn't
people like clean stuff.
dont u want a 'clean' stop?
  • #491
  • Jul 24, 2010 5:11am Jul 24, 2010 5:11am
Quoting supremeChaos
people like clean stuff.
dont u want a 'clean' stop?
Hehehe,, well I'm used to a real tight stop with oanda etc, many times it goes to 0.1 pips then goes into profit lol! With a variable spread broker you really gotta give it even more space IMO as whatever side you are on bid or ask, it will keep inflating to catch a higher/lower price.

But yes i do want it clean!!
  • #492
  • Jul 25, 2010 10:07am Jul 25, 2010 10:07am
See Pic
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-07-25_2301_-_EJ_H4.png Size: 44 KB
Click to Enlarge Name: 2010-07-25_1941_-_GU_H4.png Size: 58 KB
  • #493
  • Jul 25, 2010 11:34pm Jul 25, 2010 11:34pm
First play off today, see how it goes, both short on EJ & GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20100726-1229 GUM15.jpg Size: 65 KB
Click to Enlarge Name: 20100726-1230 EJM15.jpg Size: 84 KB
  • #494
  • Jul 25, 2010 11:57pm Jul 25, 2010 11:57pm
Quoting Buildcity
First play off today, see how it goes, both short on EJ & GU
Good start with little profit from GU, let the EJ runs more.......
Attached Image
  • #495
  • Jul 26, 2010 12:05am Jul 26, 2010 12:05am
Quoting Buildcity
Good start with little profit from GU, let the EJ runs more.......
Closed EJ on recent s/r
Attached Image
  • #496
  • Jul 26, 2010 12:56am Jul 26, 2010 12:56am
Another 8 from GJ, but the spread (+comission) to broker did eat my profit!!

Anyway, 34p from 3 trades did meet my daily target, bonus portion thereafter. Times up, back to work.
Attached Image
  • #497
  • Jul 26, 2010 1:02am Jul 26, 2010 1:02am
Sorry mate, your charts are bit complicated for me, I prefer simple and straight away strategy though. Anyway, feel free to post. Welcome

City

Quoting sisse
Pip26,

These are the chart on the post you send me.

Just a quick observation.

Your charts look good but IMHO you may be making a big mistake. You are confusing timeframes in that chart. Those lines are connecting unrelated swings. Swings of daily with 240M with 60M and even with a weekly swing. This is a very common mistake I see in most charts here.

If you are going to use channels (I dont) you need to plot for example daily swings in a 240m to have a proper channel. If you want to refine your entry you can plot for example a new chart...
  • #498
  • Edited 5:04am Jul 26, 2010 3:04am | Edited 5:04am
Hehe, what a thief can do is to catch small profit one by one.

For thr GJ, actually I'm still not familiar with this pair, so cant get much from this, watch it a bit longer could be better
Attached Images
  • #499
  • Jul 26, 2010 6:35am Jul 26, 2010 6:35am
Killed by the EJ 2 times!!
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  • #500
  • Jul 26, 2010 6:59am Jul 26, 2010 6:59am
posted on Sho's thread

http://www.forexfactory.com/showpost...postcount=4438
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