Trading With Limit Orders

Saturday afternoon, I think you know what time it is

Weekly, daily, 2h

Friday was a no demand bar.

Those charts were euro futures

These charts are the dollar index: weekly, daily, 2h

Also friday was a no supply / test day.

Dollar buying 15m chart of friday

Strange, at the same day euro buying.

There was no follow through, however.

Missed the gap by 2 pips, the high of that candle was 45 and my limit was at 47.

Here is an update of my orders.

Earlier tonight, I had moved my lowest LO to 1.3767, which is the high on the chart here. I didn't get filled, but it's possible price will go back up before I'm back to check around noon tomorrow.

Good start to the week TP hit on EU

Here's a trade on GU. Sloppy, but profitable.

Had to post his here too

No trades today, but more supply levels were revealed.

I'm marking my levels with solid blue lines now. The dotted blue line is showing the speed bump I posted previously from the daily.

I'm at my girl friend's family's place. Thanksgiving dinner is going down soon, but I snuck away to get on a computer. I really like Oanda's online platform, and I took a screenshot showing how that speed bump is holding up.

Slow week for me, as only one of my orders was filled. Since it hit my TP I suppose that makes this week 100% lol

GU

GJ

NzdCad

NzdUsd

Ahhh boy don't get me started postin stuff!!


WOW what a week! This time of year is getting busy for me. I'm in the middle of a 4x4 project I'm working on (motor/tranny swap) and I need to get it done before it gets too cold. No heated garage for me! Btw, I'm in central VA. I almost moved out to Boulder. Didn't get to the computer much this week but I do hold a EU short position since the 23rd. Frankkn, you look like made a good trade this week. That's great to see fo sho! Kind of hard to get into positions when the market doesn't give you a chance.

Lots of risk aversion in the markets. EU does not look good. With Ireland having gone the way of Greece it does not look good for other EU nations with their own debt/deficit problems. Portuguese and Spanish government bond yields continue to rise making their debt all that more expensive. The Korean peninsula is getting a bit heated too with all sides bracing for war. If war were to break out then there would be large demand for USD as investors flee to "safe" currencies. All in all it looks like this week is shaping up for a lot of EU shorts. I'll reevaluate my current positions in a couple days and look for limit entries as per the guidelines of this thread.

First chart is of a trade that just got hit as I'm typing. I'm starting to realize that there can be some really nice price action on Sunday nights.

Second chart is of another limit order I've placed. Price did not move away quickly from the level due to a shallow Thanksgiving market but I'm willing to let an order hang there still.