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  • #521
  • Aug 6, 2010 3:17pm Aug 6, 2010 3:17pm
Quoting Armst227
Nice, i added you to my buddy list. We should set up a real time thread devoted to inside bar/fakey/pinbar setups. What do you think? MAybe take on a few setups as we get good at the others?
yeah thats not a bad idea that way others can chime in if they see something we dont on different pairs
In hoc signo vinces
  • #522
  • Aug 6, 2010 11:58pm Aug 6, 2010 11:58pm
lol okay i don't know what that little convo was earlier? sounded like maybe advertising?


okay. ANYWAYS!!!


How does everyone feel about these retracements made from the data and the overall direction of the pairs. I am trying to develop an opinion before Sunday of this potential good buying price (if these intermediate trends continue) or if these are some quick little retracements which are continuing.

I wanna hear some opinions and arguments!


go
  • #523
  • Aug 7, 2010 12:13am Aug 7, 2010 12:13am
no advertising..just discussion man
In hoc signo vinces
  • #524
  • Aug 7, 2010 1:53pm Aug 7, 2010 1:53pm
Quoting Br_pippin
lol okay i don't know what that little convo was earlier? sounded like maybe advertising?


okay. ANYWAYS!!!


How does everyone feel about these retracements made from the data and the overall direction of the pairs. I am trying to develop an opinion before Sunday of this potential good buying price (if these intermediate trends continue) or if these are some quick little retracements which are continuing.

I wanna hear some opinions and arguments!


go
be patient bro .......there will be buying opportunities, but they wont be sunday.......I'll put up some charts later tonight or tomorrow before open.
  • #525
  • Aug 8, 2010 2:50am Aug 8, 2010 2:50am
Quoting mfoste1
only trade atm......looking to add next week.....will post over the weekend with charts

have a great weekend guys

I've made the same trade there mfoste1, but i've decided to close it and grab some pips on friday's evening , because of usd&cad fundies....both so baad and I was afraid of gap at the opening....Are you still there man?
  • #526
  • Aug 8, 2010 3:33am Aug 8, 2010 3:33am
Hi guys, I saw on the beginning of the thread that everybody writes something short about himself so there is my 2 cents.

My name is Mike, I 'm student of econ.&financial maths on Comeniana university in Bratislava - slovakian capital. Now trading live my smaller mini account and working as a bank trader. Like this thread, it's good to see another young students/traders around here and not to feel so alone, when almost all of my friends absolutely don't know what the hell i 'm doing I will be posting my trades here and read yours as well (if you don't wnt just tell me pls) and we can make some good decisions together
  • #527
  • Aug 8, 2010 3:45am Aug 8, 2010 3:45am
Quoting katrooo
Hi guys,...
good to see u mate and welcome, we can all learn from each other so keep posting and helping the lads
  • #528
  • Aug 8, 2010 3:40pm Aug 8, 2010 3:40pm
Quoting katrooo
I've made the same trade there mfoste1, but i've decided to close it and grab some pips on friday's evening , because of usd&cad fundies....both so baad and I was afraid of gap at the opening....Are you still there man?

hey welcome my friend ........yea im still im the trade, im looking to add early this week.
  • #529
  • Aug 8, 2010 4:27pm Aug 8, 2010 4:27pm
Quoting mfoste1
hey welcome my friend ........yea im still im the trade, im looking to add early this week.
Hi mfoste1,

I'm normally taking two positions, don't know why i've taken only one there, but when I've seen this on the chart I was almost sure about at least retracement downside and didn't want to have it on weekend there so I've closed it for around 100 pips profit at 1.300 and luckily picked the top there ... was really happy about that, because i don't trade fridays ussually...but at all when considering strong bullish price action I think it could go up further....ohoh just now I saw that beautiful pin on weekly I will maybe put another buy orders above tha high...what do you think about that?
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  • #530
  • Aug 8, 2010 9:09pm Aug 8, 2010 9:09pm
I'm in that same trade,looking to add on above fridays high and i do love that pin bar on the weekly
In hoc signo vinces
  • #531
  • Aug 8, 2010 9:34pm Aug 8, 2010 9:34pm
Quoting katrooo
Hi mfoste1,

I'm normally taking two positions, don't know why i've taken only one there, but when I've seen this on the chart I was almost sure about at least retracement downside and didn't want to have it on weekend there so I've closed it for around 100 pips profit at 1.300 and luckily picked the top there ... was really happy about that, because i don't trade fridays ussually...but at all when considering strong bullish price action I think it could go up further....ohoh just now I saw that beautiful pin on weekly I will maybe put...

I'm waiting on a pullback before I add.....I'll post it in here before I do.
  • #532
  • Aug 10, 2010 7:12am Aug 10, 2010 7:12am
Hi did you add to USDCAD after the IB on daily? I'm there long and actually closed a half, the rest is a free trade. My today's short USDJPY didn't go well and actually I was stopped out.

Mike.
  • #533
  • Aug 10, 2010 7:19am Aug 10, 2010 7:19am
Quoting katrooo
Hi did you add to USDCAD after the IB on daily? I'm there long and actually closed a half, the rest is a free trade. My today's short USDJPY didn't go well and actually I was stopped out.

Mike.

It missed my add.....and that data came out was a decrease in housing starts from previous.....I'm just holding right now.
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  • #534
  • Aug 10, 2010 7:27am Aug 10, 2010 7:27am
Quoting katrooo
Hi did you add to USDCAD after the IB on daily? I'm there long and actually closed a half, the rest is a free trade. My today's short USDJPY didn't go well and actually I was stopped out.

Mike.
Nice job mike..i added on right above the pin on the weekly as well
In hoc signo vinces
  • #535
  • Aug 10, 2010 7:40am Aug 10, 2010 7:40am
Quoting okcowboy13
Nice job mike..i added on right above the pin on the weekly as well
okcowboy....

Hi, I'was thinking about that weekly pin too buy i didn't want to take so big SL there cos i've closed my Friday's long with much lower SL so I decided to take that beautiful IB on daily - I don't play them much but when I see something so nice like this one on daily's then I'm there, and as mosfte1 said the CAD housing starts were worst than before, so can make some pips there - ofc will watch today's FED's action to tell me more about possible direction

mosfte1...

Hi, that lower dotted line it's your long entry? if so then you've caught a perfect bottom, congrats nice call
  • #536
  • Aug 10, 2010 7:49am Aug 10, 2010 7:49am
hi,

this is my usdjpy OB short...was anybody there?

mike
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  • #537
  • Aug 10, 2010 6:03pm Aug 10, 2010 6:03pm
Quoting sqrt(-1)
A little update on my current positions...

SHORT GBP/USD @ AVG 1.56745
SHORT AUD/USD @ AVG 0.91334

Dumping the AUD/USD when the Daily chart RSI <30 or if I see fit prior. It may take a few months, and planning to add when it runs against me.

GBP from Daily and 3 HR says this to me...ADX, RSI, and Stoch wants retracement. From historical scenarios, probably around 500 pips from the peak. Hopefully the peak is not too far away. Then again, GBP loves to run.
Dumped all my AUD/USD at +56 pips, 3 hr and 1 hr was oversold, so I'm going to wait for retracement and enter at another nice price for the longterm.

Dumped all positive GBP/USD as, like AUD, was oversold...going to wait for retracement as well. Still holding one negative position.

Made a trade on USD/CAD this past week for +76, then I just closed -50 as I see USD/CAD making a bigger run then I expected and I'd rather not hold too many shorts right now at this low price. That being said, I'll start enter shorts at 1.0400 -maybe add every 50 pips against, I'll have to work it out.

Hopefully I'll be able to find some time to make some decent trades at this crucial time in the markets.
  • #538
  • Aug 11, 2010 7:55am Aug 11, 2010 7:55am
Reopened AUD/USD at 0.91322, will hold until I see the bottom of this downtrend with SL at BE, currently up ~100 pips. I intend to hold for weeks unless I see otherwise -and add when the pairs retraces.

Also added a GBP/USD that I dumped this morning for ~15 pips, TP on my negative position set at ~+10 pips. I just want to get rid of the pound, so I'll just short small profits until I can get out of the one I have that is about 150 pips away. I want to focus on USD/CAD when the time comes and I want heavy leverage on it.

USD/CAD is making the spike up as expected. Short order from 1.045, 1.05, 1.055, and 1.06. Will modify if appropriate. I'm looking to hit parity in the coming months. I plan to do so with some heavier-than-my-norm lot sizes.
  • #539
  • Aug 11, 2010 7:57am Aug 11, 2010 7:57am
Quoting katrooo
hi,

this is my usdjpy OB short...was anybody there?

mike

It might be beneficial to hold your shorts mike..............
  • #540
  • Aug 11, 2010 8:01am Aug 11, 2010 8:01am
Quoting sqrt(-1)
Reopened AUD/USD at 0.91322, will hold until I see the bottom of this downtrend with SL at BE, currently up ~100 pips. I intend to hold for weeks unless I see otherwise -and add when the pairs retraces.

Also added a GBP/USD that I dumped this morning for ~15 pips, TP on my negative position set at ~+10 pips. I just want to get rid of the pound, so I'll just short small profits until I can get out of the one I have that is about 150 pips away. I want to focus on USD/CAD when the time comes and I want heavy leverage on it.

USD/CAD is making the...

just kinda wondering why youre shorting ucad? there arent any fundamental or technical reasons......
Attached Image (click to enlarge)
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