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Sufian Said's Trading Room

  • #1
  • First Post: Edited Apr 24, 2012 9:56pm Feb 13, 2010 9:55pm | Edited Apr 24, 2012 9:56pm
DELETED
Trading Should Not Be Complex
  • #2
  • Feb 13, 2010 10:24pm Feb 13, 2010 10:24pm
Subscribed
  • #3
  • Feb 13, 2010 11:09pm Feb 13, 2010 11:09pm
Quoting sufiansaid
Greetings everyone,

I've been a FX trader for 15 months now. I shall use this thread to post all my charts analysis, real time entry, trading ideas, my strategies, trade results, up-to-date discoveries etc..

I'm both intraday and long term trader, all depending on the signals I get from the charts. I trade mostly on USDJPY, GBPJPY and EURUSD.

Strategies I used varied but my main entry technique is on S/R breakouts. I use chart patterns to determine "probable" direction, S/R breakouts as a confirmation of the direction i pick, moving averages...
salam..let the ball rolling
  • #4
  • Feb 13, 2010 11:32pm Feb 13, 2010 11:32pm
Quoting sufiansaid
Greetings everyone,

I've been a FX trader for 15 months now. I shall use this thread to post all my charts analysis, real time entry, trading ideas, my strategies, trade results, up-to-date discoveries etc..

I'm both intraday and long term trader, all depending on the signals I get from the charts. I trade mostly on USDJPY, GBPJPY and EURUSD.

Strategies I used varied but my main entry technique is on S/R breakouts. I use chart patterns to determine "probable" direction, S/R breakouts as a confirmation of the direction i pick, moving averages...


ure welcome, cant wait to see wht uve got. I do cable, but i wont mind exploring ur pairs. Goodluck
  • #5
  • Feb 13, 2010 11:33pm Feb 13, 2010 11:33pm
Consider this
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  • #6
  • Feb 13, 2010 11:57pm Feb 13, 2010 11:57pm
GBPJPY Analysis

A good example how I combine chart patterns, trendlines (S/R) and 21 Moving Average to determine entries and exits.

http://i677.photobucket.com/albums/v.../pagbpjpy1.gif

A : Double Top pattern (indicating bearish signal) trade was taken as price broke the 21MA (support). I exited as the price hits 78.6% from the swing high to the swing low that formed the second top.

B : As price was consolidating between those high and lows formed in previous month, forming a horizontal channel, both trendline break, median channel and 21MA breakout, gave me a good trading signal to go short

C : Price hits significant level around 139-140. This pair has tendencies to obey the round numbers, that coincided with the bottom channel and the candlestick pattern dojis followed by bullish engulfing candle. That triggered my LONG order (Not to mention price broke 21MA in H4 timeframe)
Trading Should Not Be Complex
  • #7
  • Feb 14, 2010 5:42am Feb 14, 2010 5:42am
Quick Shout

One fact about 21MA relationship with price action... it has to collide atleast once a day (H1), once a week (h4) and once a month (D1). Go figure,
Trading Should Not Be Complex
  • #8
  • Feb 14, 2010 5:44am Feb 14, 2010 5:44am
Quoting Myrza
Consider this
How about adding support diagnonal trendline down there
Trading Should Not Be Complex
  • #9
  • Feb 14, 2010 6:18am Feb 14, 2010 6:18am
Quoting sufiansaid
How about adding support diagnonal trendline down there
You are right...but I believe horizontal line holds more weight than a vertical line. I still believe GJ will go to FE 100 and very likely FE162. This is from my fractal analysis standpoint. Looking @ daily I will be selling @ 141.5 and 141.9.
But I will look for a good long entry ( false breakout ) @ the yellow lines.

Much better if it can make a double bottom.

Expect monday to be a slow day..it is a us bank holiday
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  • #10
  • Feb 16, 2010 5:24pm Feb 16, 2010 5:24pm
142.50 at the moment... closed 1/2 of my position now and riding it now,
Trading Should Not Be Complex
  • #11
  • Jan 19, 2011 10:23pm Jan 19, 2011 10:23pm
none
  • #12
  • Jan 23, 2011 7:40pm Jan 23, 2011 7:40pm
My latest article :
http://post.ly/1WbgG
Trading Should Not Be Complex
  • #13
  • Jan 24, 2011 8:14am Jan 24, 2011 8:14am
http://forexjihadist.posterous.com/r...me-live-trades

Shorted GBPCHF @ 1.5528
Trading Should Not Be Complex
  • #14
  • Jan 30, 2011 8:31pm Jan 30, 2011 8:31pm
http://sufiansaid.posterous.com/morn...y-blues-digest

shorted eurusd.
Trading Should Not Be Complex
  • #15
  • Feb 5, 2011 8:14am Feb 5, 2011 8:14am
http://sufiansaid.posterous.com/my-w...note-on-gbpusd
Trading Should Not Be Complex
  • #16
  • Feb 23, 2011 7:25pm Feb 23, 2011 7:25pm
http://sufiansaid.posterous.com/plan...d-and-gbpchf-m
Trading Should Not Be Complex
  • #17
  • Feb 23, 2011 9:03pm Feb 23, 2011 9:03pm
http://post.ly/1f9hO <-- my trading plan for today.
Trading Should Not Be Complex
  • #18
  • Feb 26, 2011 1:14am Feb 26, 2011 1:14am
http://post.ly/1fku8
Trading Should Not Be Complex
  • #19
  • Feb 27, 2012 11:53pm Feb 27, 2012 11:53pm
Planning to post my trading plans, live trades and analysis here again.
Trading Should Not Be Complex
  • #20
  • Last Post: Feb 27, 2012 11:56pm Feb 27, 2012 11:56pm
Buy Trade for EURUSD
---------------------

Reason : Price broke 20MA, US High.
Target : Macfibo 161.8 EXT
SL : "Wave Reversal"
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Trading Should Not Be Complex
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