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Trading For Those With a 9-5 Job

  • #41
  • Jan 17, 2011 6:11am Jan 17, 2011 6:11am
Trade closed @3109 (+80)
If you think you can or cannot do it you are correct
  • #42
  • Jan 17, 2011 7:56am Jan 17, 2011 7:56am
Summary of January trades taken so far

Sold eurgbp @0.8566 Closed @0.8554 (+12pips)
Sold audcad @1.0075 Closed @1.0040 (+35pips)
Sold eurgbp @0.8473 Closed @0.8453 (+20pips)
Sold usddkk @5.6700 closed @5.6177 (+523pips)
Sold audusd @0.9994 closed @0.9969 (+25pips)
Sold eurgbp @0.8420 closed @0.8445 (-25pips)
Sold eurcad @1.3189 Closed @1.3109 (+80pips)
If you think you can or cannot do it you are correct
  • #43
  • Jan 17, 2011 6:16pm Jan 17, 2011 6:16pm
Is this the downturn we were expecting in the eurgbp. The one that should carry to 0.8060 area? The only problem was that the breakdown, imho, was done without new york i.e low volume. A lot of times the low volume spectacular moves get retraced in the first few days of normal volume.

Secondly we have some serious fundamental gbp news coming out. If these come out better than expected then we will see new lows a bit quicker
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-daily-18012011-0007uk.jpg Size: 85 KB
If you think you can or cannot do it you are correct
  • #44
  • Jan 17, 2011 6:39pm Jan 17, 2011 6:39pm
Sold @8340 sl 25pips target open but will take 8290 just above support if it is handed to me.
If you think you can or cannot do it you are correct
  • #45
  • Jan 18, 2011 12:54am Jan 18, 2011 12:54am
Woke up to see the trade has moved against me and stopped me out @8365 (-25pips)
If you think you can or cannot do it you are correct
  • #46
  • Jan 18, 2011 1:10am Jan 18, 2011 1:10am
Main reason for entering the trade was the confirmed doji on the daily. As the trend was down imho after we had a spike up I was looking for somewhere to get an advantageous sell.

Still believe the trend is down and the target is perhaps new lows but as someone said to me we are not predicting but reacting and profiting from clear defined trades.

Patience is needed in this business. Patience for the best trades to come to you.
If you think you can or cannot do it you are correct
  • #47
  • Jan 18, 2011 1:13am Jan 18, 2011 1:13am
Summary of January trades taken so far

Sold eurgbp @0.8566 Closed @0.8554 (+12pips)
Sold audcad @1.0075 Closed @1.0040 (+35pips)
Sold eurgbp @0.8473 Closed @0.8453 (+20pips)
Sold usddkk @5.6700 closed @5.6177 (+523pips)
Sold audusd @0.9994 closed @0.9969 (+25pips)
Sold eurgbp @0.8420 closed @0.8445 (-25pips)
Sold eurcad @1.3189 Closed @1.3109 (+80pips)
Sold eurgbp @0.8340 Closed @0.8365 (-25pips)

Perhaps a pattern is emerging here that I take more shorts than longs and tha so far the eurgbp trade have been the least sussessful for me...
If you think you can or cannot do it you are correct
  • #48
  • Jan 18, 2011 1:25am Jan 18, 2011 1:25am
Vert nice results Odu, keep it up.
  • #49
  • Jan 18, 2011 7:42am Jan 18, 2011 7:42am
Thanks HeliosDz

Just want to get the entry right on the eurgbp. We have gone to 8400 today and have retraced everything. The path of least resistance and the long term trend is down in my opinion...

Olu
If you think you can or cannot do it you are correct
  • #50
  • Jan 18, 2011 7:58pm Jan 18, 2011 7:58pm
sold usddkk @5.5642 stop 200pips target support line
Attached Image (click to enlarge)
Click to Enlarge Name: usddkk-trade-18012011.jpg Size: 14 KB
If you think you can or cannot do it you are correct
  • #51
  • Jan 18, 2011 9:11pm Jan 18, 2011 9:11pm
$index is toying precariously with the 79.00 support (now 78.75 area). A break of this area will be very good for the euro which makes up about 40% of the calculation for the dollar index.
Attached Image (click to enlarge)
Click to Enlarge Name: DollarIndex-Daily-19012011-0235uk.jpg Size: 76 KB
If you think you can or cannot do it you are correct
  • #52
  • Jan 18, 2011 9:25pm Jan 18, 2011 9:25pm
Closed two-thirds of the size @5.5431. (+211pips)
Stop on the last third moved to 5.5500. Target 5.5242.
If you think you can or cannot do it you are correct
  • #53
  • Jan 19, 2011 1:55am Jan 19, 2011 1:55am
trade closed @5.5242 (+400pips)
If you think you can or cannot do it you are correct
  • #54
  • Jan 19, 2011 1:57am Jan 19, 2011 1:57am
Will we close below this support line?
Attached Image (click to enlarge)
Click to Enlarge Name: DollarIndex-Daily-19012011-0755uk.jpg Size: 64 KB
If you think you can or cannot do it you are correct
  • #55
  • Jan 19, 2011 2:03am Jan 19, 2011 2:03am
Quoting Olu
sold usddkk @5.5642 stop 200pips target support line
open and close graphic uploaded...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usddkk-trade-18012011.jpg Size: 14 KB
Click to Enlarge Name: usddkk-trade-closed-details.jpg Size: 17 KB
If you think you can or cannot do it you are correct
  • #56
  • Jan 19, 2011 2:13am Jan 19, 2011 2:13am
Quoting Jungles
hello, what pair is that, and is +400 equivalent to +400 say on EURUSD?
Thanks for visiting this journal. You have asked a good question. In a real sense 400pips on the euro is not the same as 400pips on the usddkk. Bit because I spreadbet it it is the same to me. As I trade stakes and not lots. In a real sense i.e the real forex world I think it is around 5:1 so 400pips is just about 80pips move in the euro

I am off to work now but when I get a minute at work I will search out the real equivalents and comment further

Thanks again Jungles
If you think you can or cannot do it you are correct
  • #57
  • Jan 19, 2011 2:22am Jan 19, 2011 2:22am
thanks for the reply, gives me some perspective, nevertheless nice work

regards
  • #58
  • Edited 8:56am Jan 19, 2011 8:51am | Edited 8:56am
Summary of January trades taken so far

Sold eurgbp @0.8566 Closed @0.8554 (+12pips)
Sold audcad @1.0075 Closed @1.0040 (+35pips)
Sold eurgbp @0.8473 Closed @0.8453 (+20pips)
Sold usddkk @5.6700 closed @5.6177 (+523pips)
Sold audusd @0.9994 closed @0.9969 (+25pips)
Sold eurgbp @0.8420 closed @0.8445 (-25pips)
Sold eurcad @1.3189 Closed @1.3109 (+80pips)
Sold eurgbp @0.8340 Closed @0.8365 (-25pips)
Sold usddkk @5.5642 Closed @5.5431 (+211pips) two-thirds
Sold usddkk @5.5642 Closed @5.5242 (+400pips) remaining one third
If you think you can or cannot do it you are correct
  • #59
  • Jan 19, 2011 10:09am Jan 19, 2011 10:09am
Quoting Olu
Summary of January trades taken so far

Sold eurgbp @0.8566 Closed @0.8554 (+12pips)
Sold audcad @1.0075 Closed @1.0040 (+35pips)
Sold eurgbp @0.8473 Closed @0.8453 (+20pips)
Sold usddkk @5.6700 closed @5.6177 (+523pips)
Sold audusd @0.9994 closed @0.9969 (+25pips)
Sold eurgbp @0.8420 closed @0.8445 (-25pips)
Sold eurcad @1.3189 Closed @1.3109 (+80pips)
Sold eurgbp @0.8340 Closed @0.8365 (-25pips)
Sold usddkk @5.5642 Closed @5.5431 (+211pips) two-thirds
Sold usddkk @5.5642 Closed @5.5242 (+400pips) remaining one third



  • #60
  • Jan 19, 2011 4:33pm Jan 19, 2011 4:33pm
Thanks GolferFx for your post.

I am uploading a daily chart of the usdsgd. The price has just shown a hammer bang on the support line. Might be worth a buy if that support is confirmed. Stoch is turning too - not yet turned though I hasten to add.

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: usdsgd-daily-19012011-2225uk.jpg Size: 89 KB
If you think you can or cannot do it you are correct
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