As previous mentioned..
http://www.forexfactory.com/showpost...postcount=6562
False breakout or not, who knows!!
Free run now
Buildcity in 2011 ~ Trading Journal
- #161
- Mar 8, 2011 7:35am Mar 8, 2011 7:35am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #162
- Mar 8, 2011 7:45am Mar 8, 2011 7:45am
- Joined Jan 2011 | Status: Trader | 3,411 Posts
Hehe, almost kill!! I sat on my hands
Now back to an hr before......... still look for 161 level
Update: Finally.................... stopped out BE
Be bullish on you.
- #163
- Mar 8, 2011 8:01am Mar 8, 2011 8:01am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
So why didn't you get short on G/J at those levels?
Honest, its not easy for me in last 2~3 hours daily ~ sort of off from work, get back home, have dinner with family, take bath, and in-between to watch my screens. So I may miss many setups
- #164
- Mar 8, 2011 8:49am Mar 8, 2011 8:49am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #165
- Mar 8, 2011 9:36am Mar 8, 2011 9:36am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
H&S, let see
Shit, I hate being stopped out too early and only have few on this pair today. Look at this H&S result
I did catch that trade down .... but i didn't see the H&S until u say it now ... omigosh ... how blind can blind be
I was trading it as a down trend channel that broke thru the channel bottom, and rebouncing up from support level at about 3874 . . .
- #167
- Mar 8, 2011 8:19pm Mar 8, 2011 8:19pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Was that a H&S or what !!! How could i have missed that too
I did catch that trade down .... but i didn't see the H&S until u say it now ... omigosh ... how blind can blind be
I was trading it as a down trend channel that broke thru the channel bottom, and rebouncing up from support level at about 3874 . . .
These days I tend to look for bigger play rather then few pips per trade (cos my broker charge me commission and spreads as well), a more qualified setup is worth to wait.
Edit: typo - the red content below should be " all the way south", hehe, sorry for my english
- #169
- Mar 8, 2011 10:42pm Mar 8, 2011 10:42pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Play safe man, I need to focus on my day job now (though I still jump in FF from time to time).
You are full time trader?? suppose you and me in the same time zone..
Me full time trader ??!! Nah .... i m just a bum bumming around this FF page ....
.... not qualified to be called a FX trader as yet ...hahahah
- #171
- Mar 8, 2011 11:34pm Mar 8, 2011 11:34pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
- #172
- Edited 2:14am Mar 9, 2011 1:55am | Edited 2:14am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
I decided to give it more room to play. Lets see...
Latest News :
"
The realization that a likely April ECB rate hike will not help the peripheral situation at last seems to be dawning on the markets
..... Ahead of the Portuguese bond auction--results due around 1045 GMT "
That is roughly 2 & 1/2 hrs from now.... If the auction is bad, be prepared for a EUR tumble.
Cheers!
- #174
- Mar 9, 2011 2:10am Mar 9, 2011 2:10am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Careful with your long Buddy
Latest News :
"
The realization that a likely April ECB rate hike will not help the peripheral situation at last seems to be dawning on the markets
..... Ahead of the Portuguese bond auction--results due around 1045 GMT "
That is roughly 2 & 1/2 hrs from now.... If the auction is bad, be prepared for a EUR tumble.
Cheers!
next
- #176
- Mar 9, 2011 2:21am Mar 9, 2011 2:21am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
What happen back there City? You did something with the pricing ??? Hahaha ...
I wasn't expecting the down move so fast and so sharp !!! Looks like my short has just been triggered ....
, and for me too.I am in short with the GJ, which I mentioned before I look for short play with this cos the H&S formation.
- #177
- Mar 9, 2011 2:25am Mar 9, 2011 2:25am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Good luck
I am in short with the GJ, which I mentioned before I look for short play with this cos the H&S formation.
Good luck
I am in short with the GJ, which I mentioned before I look for short play with this cos the H&S formation.
I have been long on GJ for quite a while from 33.28, looking for a mid-term move upside from this saucer bottoming formation (can be seen from H4 chart) or whatever you call it. My target is pretty high up at 48.00 !!! Think i must be nuts abt pips
... wonder how many weeks the price would take to reach there. The cost of the swaps might just kill me before i can close the TP ...hahahahJust shortened my TP to 37.80.
Short-term, potentially there could still be a bounce down. But i will sit that out too. This long position of mine is just half its size to give it more room for retracement correction downside.
Good Luck to both of us once again
- #179
- Edited 2:44am Mar 9, 2011 2:41am | Edited 2:44am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
I think we will both need it...
- #180
- Mar 9, 2011 2:51am Mar 9, 2011 2:51am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Sum up both trades on EU and GJ above, I was greedy otherwise I have at least 30pips in hand. let me figure out what's wrong for me. Take a rest