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Trading With Limit Orders

  • #181
  • Dec 7, 2010 4:28pm Dec 7, 2010 4:28pm
Quoting evancds
I didn't trade this long, but will look for shorts at 132.
Cool keep us posted
  • #182
  • Dec 7, 2010 4:28pm Dec 7, 2010 4:28pm
Quoting dragan53
nice frankk,the best trading style is the one that suits ur personality
  • #183
  • Dec 7, 2010 7:19pm Dec 7, 2010 7:19pm
Well, I've been looking mostly at EURUSD in this thread but I have enough time to analyze more pairs so I'm going to expand my horizons a bit. My primary focus will still be on EURUSD as it's what I feel most "comfortable" with. I want to trade pairs that have little correlation with EU so I threw a chart together in excel. Check it out.
Attached File(s)
File Type: xls FXCORR.xls   33 KB | 558 downloads
  • #184
  • Dec 7, 2010 7:44pm Dec 7, 2010 7:44pm
Quoting Bluehills
Well, I've been looking mostly at EURUSD in this thread but I have enough time to analyze more pairs so I'm going to expand my horizons a bit. My primary focus will still be on EURUSD as it's what I feel most "comfortable" with. I want to trade pairs that have little correlation with EU so I threw a chart together in excel. Check it out.
hey homer i havent seen u at moes lately,brrrrrrp
  • #185
  • Dec 7, 2010 7:53pm Dec 7, 2010 7:53pm
Quoting dragan53
hey homer i havent seen u at moes lately,brrrrrrp
ya man bart burned the house down and i blew up the powerplant.
  • #186
  • Dec 7, 2010 7:57pm Dec 7, 2010 7:57pm
Quoting Bluehills
ya man bart burned the house down and i blew up the powerplant.
how come ur still alive
  • #187
  • Dec 7, 2010 8:04pm Dec 7, 2010 8:04pm
Ok so I'm going with AUDNZD, GBPJPY and NZDJPY for at least a while now. These pairs have little correlation with EU and should offer up more trades. I might change these pairs in the future but here's a few charts of what I'm looking at tonight.

Here's a Daily and H4 chart of AUDNZD. We're in an uptrend at the moment with supply sitting 1.3150. If price comes back I'll look for a buy around my demand on the H4 chart. Price has already come back to this level but barely entered our level. This shows strong demand at that level but I'll have to see what kind of action we have going into it. Maybe a good situation to take VSA into account!
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  • #188
  • Dec 7, 2010 8:06pm Dec 7, 2010 8:06pm
Ok here's GBPJPY. In between levels right now but I have a sell order at the first supply level on the H4
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  • #189
  • Dec 7, 2010 8:12pm Dec 7, 2010 8:12pm
OK I really like the look of NZDJPY. We're ranging in a channel on the Weekly and I think that offers up the best opportunities for trading SD. I have a NICE sell order at supply on the H4. We have a BIG move from this level so if the trade goes positive and the price action is nice I might let it go for more than 1:3 RR. If it doesn't, no worries! =)
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  • #190
  • Dec 7, 2010 8:14pm Dec 7, 2010 8:14pm
Quoting dragan53


how come ur still alive
beer and jelly doughnuts my friend, beer and jelly doughnuts. LOL
  • #191
  • Dec 7, 2010 8:18pm Dec 7, 2010 8:18pm
BTW, interesting day for gold, silver today eh?
  • #192
  • Dec 7, 2010 8:23pm Dec 7, 2010 8:23pm
Way bullish on silver long term, btw.
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  • #193
  • Dec 7, 2010 11:25pm Dec 7, 2010 11:25pm
Quoting Bluehills
beer and jelly doughnuts my friend, beer and jelly doughnuts. LOL
HEHEHE,LMAO
  • #194
  • Dec 7, 2010 11:26pm Dec 7, 2010 11:26pm
Quoting bluehills
btw, interesting day for gold, silver today eh?
dollar strenght,drivimg it lower
  • #195
  • Dec 8, 2010 2:53pm Dec 8, 2010 2:53pm
I'm loving what I'm seeing Blue!

Stopped on my NZD

I've been playing around with some pairs I never trade these past couple weeks, but only small experimental positions, with profitable results only because I've been sticking to 1:3. I like the pairs you've chosen too nice call.

I'll be back on here later with my daily. I think it would be wise to post a daily dollar index update too.
  • #196
  • Dec 8, 2010 2:55pm Dec 8, 2010 2:55pm
Here's that dollar supply level holding price. Not a strong reaction like I anticipated, maybe price wants to tag that weekly level (not the peach colored one on this chart, but another level above that). Only time will tell though
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  • #197
  • Dec 8, 2010 2:59pm Dec 8, 2010 2:59pm
Dollar daily
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  • #198
  • Dec 8, 2010 6:50pm Dec 8, 2010 6:50pm
the pivots certainly had its say on 1m chart

http://img59.imageshack.us/img59/2/chstty.gif

resistance galore.with breakthroughs which bounced off the ceiling back into support .back its stayed up since then


http://img440.imageshack.us/img440/671/chstty2.gif
  • #199
  • Dec 9, 2010 3:01pm Dec 9, 2010 3:01pm
Starting next week I'll be experimenting with smaller time frame levels because I'll be around during the mornings. My schedule is gonna be like that till January 8th.

I think it would be cool to use a 5m chart to see where the order flow is, and try to trade in that direction. I would imagine this would mean a lot more trades, and a worse hit rate, but with 2:1 it might be okay. We'll see!
  • #200
  • Dec 9, 2010 3:23pm Dec 9, 2010 3:23pm
The first chart is the hourly dollar index.

Next is the daily.

On the first chart, supply is trying to hold price. On the next chart, it seems like price is trying to decide if it wants to go to that weekly level (in gray at the top) or to the circled area with the gap.
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