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Unimportant fellow's equally unimportant journal v2.0

  • #141
  • Nov 16, 2010 5:46pm Nov 16, 2010 5:46pm
Quoting mizuno
Order for NZD/USD. There's a divergence which can be seen on the charts, I'll use that as my TP. You can see the stop placement also. The upper border has four visual touches, and three touches if you consider the sequence. The bottom border has three visual touches, but only two if the sequence is considered. Thus I'm using this border as entering for a buy trade, I am offered a stop outside the day's range which I'm gladly taking, and there's a good chance that the upper border will be broken because of the number of touches. No reverse planned...
Both orders stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD triangle buy double stop out M30 16112010.PNG Size: 105 KB
  • #142
  • Nov 16, 2010 5:53pm Nov 16, 2010 5:53pm
Quoting mizuno
Here's a scenario on GBP/CHF....
Was stopped out. The size of the main diagonal was 80 pips, and it did not go that much after breaking upwards.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF diamond risky early buy stop out M30 17112010.PNG Size: 103 KB
  • #143
  • Nov 16, 2010 11:21pm Nov 16, 2010 11:21pm
gbpchf got me too.. although we traded them both a little differently.

I was still in when it went crazy with news announcement.
  • #144
  • Nov 17, 2010 3:36am Nov 17, 2010 3:36am
Quoting mizuno
Unexpectedly I had to be a friend's guide for the whole Monday, and today I had to take the same friend to the airport, so I was thrown off my usual routine, and when that happens I usually start procrastinating. So to combat that:

Just sold USD/CHF with a stop outside the day's range. You can see the entry point on the charts. I have a reverse order in place, with a stop below the current day's low. TP is optimistic, targeting an unfilled divergence on H2, though if the trade goes positive I'll most likely close half of the trade before the...
I'm removing the reverse order as the stop would have to be 50 pips, and that's roughly 50% of ADR, which I find unacceptable.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF tl break sell reverse removed M5 17112010.PNG Size: 83 KB
  • #145
  • Nov 17, 2010 3:40am Nov 17, 2010 3:40am
Thread title makes me laugh
  • #146
  • Nov 17, 2010 3:43am Nov 17, 2010 3:43am
Quoting tdion
Thread title makes me laugh
But it says the truth
  • #147
  • Nov 17, 2010 4:27am Nov 17, 2010 4:27am
Quoting mizuno
I'm removing the reverse order as the stop would have to be 50 pips, and that's roughly 50% of ADR, which I find unacceptable.

Attachment
It seems USD/CHF is forming a comb like formation. I am using this formation as a basis for the reverse order. I'll use a local intraday stop at 0.9950, because the R:R is sexier this way, but this increases the risk accordingly. I am also moving the stop slightly, which can be seen on the charts.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF comb like formation H3 17112010.PNG Size: 84 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF comb like formation M30 17112010.PNG Size: 87 KB
  • #148
  • Nov 18, 2010 7:06am Nov 18, 2010 7:06am
Quoting mizuno
It seems USD/CHF is forming a comb like formation. I am using this formation as a basis for the reverse order. I'll use a local intraday stop at 0.9950, because the R:R is sexier this way, but this increases the risk accordingly. I am also moving the stop slightly, which can be seen on the charts.

Attachment
Attachment
My reverse buy did not get activated and I ended up in a sell position after all. I have to admit that I had no solid TP point, and since it seems that there's a new divergence against my sell forming on M30, I have decided to take half of the profits to have a peace of my mind. Actually, just as I've written this, on the news which I forgot to mention, the price broke the downwards pointed wedge to the upside.
I am leaving the rest of the position run at break even.
Attached Image (click to enlarge)
Click to Enlarge Name: USCHF sell stop at BE and wedge form progress +half TP M15.PNG Size: 107 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USCHF sell stop at BE and wedge formation and new divergence in progress half close.PNG Size: 99 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USCHF sell stop at BE and wedge form progress +half TP + news time wedge break M15.PNG Size: 107 KB
  • #149
  • Nov 29, 2010 6:14am Nov 29, 2010 6:14am
Placing a buy order for EUR/CHF based on symmetry. It is similar to the USD/JPY buy order that wasn't triggered. Stop - 30 pips, which is roughly 20% of 44ADR. Order placed 15 pips above the TL, with the stop being 15 pips behind the level.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF symmetry buy order D1 29112010.PNG Size: 128 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF symmetry buy order H1 29112010.PNG Size: 78 KB
  • #150
  • Nov 29, 2010 5:54pm Nov 29, 2010 5:54pm
Buy order on GBP/USD. Stop - below the current day's low. TP based on a divergence. Hopefully I'll be able to trail the order a bit lower with time, with increased R:R. No plan for a reverse order yet.
Also, EUR/CHF is very close to picking up my buy order.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD sort of wedge-TL break buy order + div target H1 30112010.PNG Size: 108 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD sort of wedge-TL break buy order + div target M15 30112010.PNG Size: 92 KB
  • #151
  • Nov 30, 2010 4:29pm Nov 30, 2010 4:29pm
Quoting mizuno
Buy order on GBP/USD. Stop - below the current day's low. TP based on a divergence. Hopefully I'll be able to trail the order a bit lower with time, with increased R:R. No plan for a reverse order yet.
Also, EUR/CHF is very close to picking up my buy order.

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Attachment
Was stopped out on both of my trades. Had to use a new low for USD/CHF, and reversing would've required a stop with an excessive distance, so I did not reverse. With EUR/CHF it kind of did not make sense to me at that moment to use a reverse for a trade like that, and the stop would have had to be inside the day's range. Let's look around for other opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD sort of wedge-TL break buy stop out M15 01122010.PNG Size: 95 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF symmetry buy stop out M15 01122010.PNG Size: 85 KB
  • #152
  • Nov 30, 2010 4:37pm Nov 30, 2010 4:37pm
Quoting mizuno
My reverse buy did not get activated and I ended up in a sell position after all. I have to admit that I had no solid TP point, and since it seems that there's a new divergence against my sell forming on M30, I have decided to take half of the profits to have a peace of my mind. Actually, just as I've written this, on the news which I forgot to mention, the price broke the downwards pointed wedge to the upside.
I am leaving the rest of the position run at break even.
Attachment
Attachment
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The rest of the position was stopped out shortly after.
Attached Image (click to enlarge)
Click to Enlarge Name: USCHF sell stop at BE and wedge form progress +half TP + other half stopped out H1 01122010.PNG Size: 78 KB
  • #153
  • Nov 30, 2010 5:44pm Nov 30, 2010 5:44pm
Sell order for EUR/USD. There is a divergence on M30 pointing to 1.315, so that could be used as a reverse TP. However by the time I'm posting this,the price is making new lows and thus the level for a reliable stop is rendered useless. Let's see further development. Not sure of a TP for the sell yet.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD wedge sell order +div on M30 chart tf - M15 01122010.PNG Size: 99 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD wedge sell order +div on M30 chart tf - M5 01122010.PNG Size: 89 KB
  • #154
  • Nov 30, 2010 8:04pm Nov 30, 2010 8:04pm
Quoting mizuno
Sell order for EUR/USD. There is a divergence on M30 pointing to 1.315, so that could be used as a reverse TP. However by the time I'm posting this,the price is making new lows and thus the level for a reliable stop is rendered useless. Let's see further development. Not sure of a TP for the sell yet.

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Attachment
Sell trade was stopped out, reverse triggered. You can see the stop on the chart. You can also see how the orders were trailed manually. TP - 1.315 (M30 divergence)
Looks like there was a diamond too, a break of which offered better R:R. No worries, let's see what happens now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD wedge reverse triggered div as TP M5 01122010.PNG Size: 90 KB
  • #155
  • Dec 1, 2010 7:04am Dec 1, 2010 7:04am
Quoting mizuno
Sell trade was stopped out, reverse triggered. You can see the stop on the chart. You can also see how the orders were trailed manually. TP - 1.315 (M30 divergence)
Looks like there was a diamond too, a break of which offered better R:R. No worries, let's see what happens now.
Attachment
I'm moving the stop to BE, as price is close to filling the divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD wedge buy SL at BE div as TP M15 01122010.PNG Size: 88 KB
  • #156
  • Dec 2, 2010 2:13am Dec 2, 2010 2:13am
Quoting mizuno
I'm moving the stop to BE, as price is close to filling the divergence.
Attachment
Trade successfully reached its target.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD wedge buy tp reached M30 02122010.PNG Size: 95 KB



Next order - EUR/NZD wedge sell. Stop above the day's high, if the main move of the day changes then I want to get out of this thing. TP - lower border. Not going to reverse as the stop would have to be inside the day's range.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD wedge sell order M30 02122010.PNG Size: 106 KB
  • #157
  • Dec 5, 2010 8:47pm Dec 5, 2010 8:47pm
Quoting mizuno
Trade successfully reached its target.
Attachment


Next order - EUR/NZD wedge sell. Stop above the day's high, if the main move of the day changes then I want to get out of this thing. TP - lower border. Not going to reverse as the stop would have to be inside the day's range.
Attachment
Was stopped out. Also it looks like there's a diamond forming, but the borders are a bit hard to define at the moment, and the move sequence is messy.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD wedge sell stop out and diamond forming M30 06122010.PNG Size: 105 KB


Also tried buying the break of a diamond, which was in the opposite direction of the main diagonal. But the news came out and stopped me out very quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY diamon break buy and news stop out M30 06122010.PNG Size: 94 KB
  • #158
  • Dec 5, 2010 8:52pm Dec 5, 2010 8:52pm
Next target - buying the break of a diamond, in the opposite direction of the main diagonal. Unfortunately an intraday stop will have to be used. The diamond is at a very nice location.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD diamond forming M15 06122010.PNG Size: 103 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD diamond forming H3 06122010.PNG Size: 119 KB
  • #159
  • Dec 5, 2010 9:25pm Dec 5, 2010 9:25pm
I'd like to sell the break of the following trendline, as it would give a stop outside the day's range. However, there is a divergence pointing to 1.556, so instead I'm going to wait for a false break, and buy it when the price jumps back on the trendline, and use the divergence as a target. Though of course I'll have to watch it closely, and it might go without me.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF trendline M15 06122010.PNG Size: 81 KB


To see the divergence I had to use a non-standard 45 minute TF.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF divergence M45 06122010.PNG Size: 110 KB
  • #160
  • Dec 5, 2010 9:38pm Dec 5, 2010 9:38pm
Just applied 18.3 on USD/JPY. I'll leave the trade run until the end of day. Stop - 83.1.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 18.3 sell M15 06122010.PNG Size: 76 KB
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