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Up and Down with TT

  • #221
  • Sep 12, 2010 11:45pm Sep 12, 2010 11:45pm
Good day to you,

Trading yen pairs for the coming period.

Sell UJ - TP set @ 83.72
Sell Dragon - TP set @ 128.50
Sell EJ - TP set @ 106.20

SL will be open and will add to positions every 50 pips or so on EJ and Dragon and every 30 pips or so on UJ.

Regards
  • #222
  • Sep 13, 2010 10:14pm Sep 13, 2010 10:14pm
Quoting TauTrader
Good day to you,

Trading yen pairs for the coming period.

Sell UJ - TP set @ 83.72
Sell Dragon - TP set @ 128.50
Sell EJ - TP set @ 106.20

SL will be open and will add to positions every 50 pips or so on EJ and Dragon and every 30 pips or so on UJ.

Regards
Good day to you,

UJ and Dragon done - both TP hit. Will wait for EJ - then done for the week.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj1.gif Size: 22 KB
Click to Enlarge Name: dragon2.gif Size: 22 KB
  • #223
  • Sep 14, 2010 1:39am Sep 14, 2010 1:39am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
fantastic trades TT as usual..I've to learn from you the art now, something close to your chest
even if I follow your trades blindly, i'll be a winner!!



ta
ams


Quoting TauTrader
Good day to you,

UJ and Dragon done - both TP hit. Will wait for EJ - then done for the week.

Regards
  • #224
  • Sep 14, 2010 5:19am Sep 14, 2010 5:19am
Quoting ams
fantastic trades TT as usual..I've to learn from you the art now, something close to your chest
even if I follow your trades blindly, i'll be a winner!!



ta
ams
Good day to you, my friend! Hope you are doing well.

You know how it goes... the first time anyone follows my call - they will all be losers.

EJ is stubborn. It does however seem that it is slowly heading in my direction. Last true SR level here - I think a lot of defending between 107.10 and 106.80.

Let's see if this one works out - could take some time though. I have locked the 2 heavy positions in profit. Should they get stopped out, I will look to re-enter a bit higher again.

Warm regards
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 24 KB
  • #225
  • Sep 14, 2010 5:21am Sep 14, 2010 5:21am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
What's your take on EU, and any other pairs TT?

I'd like to discuss with you your strategy, if not on the forum then pm me or skype...

ta
ams
  • #226
  • Sep 14, 2010 5:49am Sep 14, 2010 5:49am
Quoting ams
What's your take on EU, and any other pairs TT?

I'd like to discuss with you your strategy, if not on the forum then pm me or skype...

ta
ams
Good day -

EU - 1.2680 - just mark this on your chart and see if it plays out. No clear signal for me here, but this may be where we are going. I'm just observing this one... not trading it.

I am going to be busy with factory people for the rest of the week, so will not be available. Will contact you over the coming week-end via PM.

All the best to you!

Regards
  • #227
  • Sep 14, 2010 6:43am Sep 14, 2010 6:43am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I was thinking more on 265xxx but now looking back it seems 268 or 269 seems more relaxed...

speak to you over the weekend TT...

Have to discuss things..lots of them better to get skype. it's free install and chat/talk anyways.


ta
ams


Quoting TauTrader
Good day -

EU - 1.2680 - just mark this on your chart and see if it plays out. No clear signal for me here, but this may be where we are going. I'm just observing this one... not trading it.

I am going to be busy with factory people for the rest of the week, so will not be available. Will contact you over the coming week-end via PM.

All the best to you!

Regards
  • #228
  • Sep 14, 2010 9:08am Sep 14, 2010 9:08am
Quoting TauTrader
Good day to you, my friend! Hope you are doing well.

You know how it goes... the first time anyone follows my call - they will all be losers.

EJ is stubborn. It does however seem that it is slowly heading in my direction. Last true SR level here - I think a lot of defending between 107.10 and 106.80.

Let's see if this one works out - could take some time though. I have locked the 2 heavy positions in profit. Should they get stopped out, I will look to re-enter a bit higher again.

Warm regards
Good day to you,

Closed all 3 trades here - will wait a bit before I re-enter.

Target remains...106.20

Entered @ 107.09 closed 107.09 (0)
Entered @ 107.55 closed 107.04 ( +51)
Entered @ 107.63 closed 107.11 ( +52)

Will wait for things to settle a bit.

Regards
  • #229
  • Sep 16, 2010 11:59am Sep 16, 2010 11:59am
TT,
I just have to say this... many thanks to you for sharing your trading style and ideas. one thing i have learnt from you is that one has to know what he/she is doing and be brave to do it. some may turn out to be a loss but keeping to ones strat remains the ultimate. thanks for the breath of currency. it helps me to see useful levels. cant thank you enough for this. i trade better now... though still learning.

keep it up and continue to share... you teach some silent one like me... you may not understand but you do inspire me.
regards to all in this thread.
  • #230
  • Sep 16, 2010 1:54pm Sep 16, 2010 1:54pm
Quoting TauTrader
Good day to you,

Closed all 3 trades here - will wait a bit before I re-enter.

Target remains...106.20

Entered @ 107.09 closed 107.09 (0)
Entered @ 107.55 closed 107.04 ( +51)
Entered @ 107.63 closed 107.11 ( +52)

Will wait for things to settle a bit.

Regards
Good day to you,

Started loading shorts again on EJ. Target remains @ 106.20. Will add on selected levels as we go.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 23 KB
  • #231
  • Sep 17, 2010 12:49am Sep 17, 2010 12:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey TT no doubts on your trade but uj is bullish due to intervention...you think we could go as low as 106 now?


ta
ams




Quoting TauTrader
Good day to you,

Started loading shorts again on EJ. Target remains @ 106.20. Will add on selected levels as we go.

Regards
  • #232
  • Sep 17, 2010 4:30am Sep 17, 2010 4:30am
Here's a trade i took... trying to work this thing to 1.6 (maybe)

TT, AMS, any advise?
Attached Image (click to enlarge)
Click to Enlarge Name: gu 17 sept.gif Size: 22 KB
  • #233
  • Sep 17, 2010 4:36am Sep 17, 2010 4:36am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well done for this trade and more for your patience. certainly this business needs one....

Not sure what TT would say but for me, it depends on your patience and where you want to take the profit..price wise close below 56500 is reversal sign which is not the case yet so you still have another 50 pips to make your mind.


ta
ams



Quoting 50d
Here's a trade i took... trying to work this thing to 1.6 (maybe)

TT, AMS, any advise?
  • #234
  • Sep 18, 2010 3:50am Sep 18, 2010 3:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi TT,

If you free, drop me a PM...we can exchange some tradding ideas..
best having skype to do the live chat or google chat instead..


ta
ams




Quoting ams
I was thinking more on 265xxx but now looking back it seems 268 or 269 seems more relaxed...

speak to you over the weekend TT...

Have to discuss things..lots of them better to get skype. it's free install and chat/talk anyways.


ta
ams
  • #235
  • Sep 19, 2010 1:54am Sep 19, 2010 1:54am
Quoting 50d
Here's a trade i took... trying to work this thing to 1.6 (maybe)

TT, AMS, any advise?
Good day to you,

Very belated reply. Sorry...

Not that your post was not important - was just not around to answer.... First up, well done on your trade. On the 4hr, we have seen higher highs and higer lows for the past few days.

You will have to look for resistance to turn support and vice versa - I believe we will still see a bit of an upthrust from here - the decision is yours when to walk away. Maybe lock in below the last low / key level - you then have a relaxed trade.

Regards and good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
  • #236
  • Sep 19, 2010 10:23am Sep 19, 2010 10:23am
Good day to you,

The Japanese government has spent the Yen equivalent of $ 22 Billion in the past week to artificially weaken the Yen. This has worked in the short term.

The question now arise - how much more? If this practice stop, the Yen will again just strenthen to previous lows - or even lower. Sellers are licking lips and are keeping the yen from rising any further. It will be an interesting period ahead.

Regards
  • #237
  • Sep 19, 2010 10:46am Sep 19, 2010 10:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
It's not only jap govt tt it's soros and other headge funds as well...I heard he bought tonnes of uj @ 83-83500..he was accumulating slowly around $1b worth uj

This process should go on for months as jap govt has kept aside $400b to fight the yen strenght. We haven't seen any shortening yet but no buying as well. Might see some soon and attack will be brutal collborative effort from the market forces..let's see when they want to do it by leveraging some dodgy news..It's good as we now know that 8280 is the bottom and should be buying uj and ej, gj,aj etc when it reach it's bottom

ta
ams




Quoting TauTrader
Good day to you,

The Japanese government has spent the Yen equivalent of $ 22 Billion in the past week to artificially weaken the Yen. This has worked in the short term.

The question now arise - how much more? If this practice stop, the Yen will again just strenthen to previous lows - or even lower. Sellers are licking lips and are keeping the yen from rising any further. It will be an interesting period ahead.

Regards
  • #238
  • Sep 19, 2010 11:03am Sep 19, 2010 11:03am
It seems just when I think I know what's going on, there is market intervention. lol If it's not BOJ, it's SNB. lol
  • #239
  • Sep 19, 2010 11:59pm Sep 19, 2010 11:59pm
Quoting TauTrader
Good day to you,

Started loading shorts again on EJ. Target remains @ 106.20. Will add on selected levels as we go.

Regards
Good day to you,

Closed 3 positions on EJ as follows:

Entered @ 112.07 closed @ 112.06 (+1)
Entered @ 112.21 closed @ 112.06 (+15)
Entered @ 112.51 closed @ 112.06 (+45)

Still have 2 positions open and under water.

Reason for close is divergence on the lows on 4hr, looking at RSI. Will wait and re-position higher if the opportunity arise. Target remains 106.20.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 22 KB
  • #240
  • Sep 20, 2010 11:07am Sep 20, 2010 11:07am
TT and AMS,
After the formations of the daily pin bars on the majors on friday, i decided to close the GU position for +192 pips as market reopened for this week.
I still believe there are upsides to GU looking at the daily and weekly charts. I will re-enter long as soon as i see a signal to do so... particularly if market did no go lower than 1.5533 today.
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