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Price action trader wanting to turning pro

  • #121
  • Mar 7, 2011 8:07am Mar 7, 2011 8:07am
Touch trade: NZD/USD Long @ 7361

4hr divergence in a ppz zone

risk: 0.5%

At work I can't post chart
  • #122
  • Mar 7, 2011 10:56am Mar 7, 2011 10:56am
Quoting jj7000
Touch trade: NZD/USD Long @ 7361

4hr divergence in a ppz zone

risk: 0.5%

At work I can't post chart
Trade closed out

TAG= + 0.3%
  • #123
  • Mar 9, 2011 10:38pm Mar 9, 2011 10:38pm
Only one trade this week so far , very slow week

I hope there are more to come
  • #124
  • Mar 10, 2011 8:21am Mar 10, 2011 8:21am
Touch trade:

EUR/USD Long @ 1.3804 , PPZ zone, Fib 61%, TL

Lets see what happens
  • #125
  • Mar 10, 2011 8:27am Mar 10, 2011 8:27am
Should be good for a short profit trip to the long

Look out for the resistance at 3850, 3860 and 3870. Could reverse any time ....
  • #126
  • Mar 10, 2011 9:43am Mar 10, 2011 9:43am
Quoting ken_wongyl
Should be good for a short profit trip to the long

Look out for the resistance at 3850, 3860 and 3870. Could reverse any time ....

I was knocked out @ 1.3814. I saw price struggling to go higher so I trailed my s/l to 1.3814.
  • #127
  • Mar 10, 2011 9:59am Mar 10, 2011 9:59am
Quoting jj7000
I was knocked out @ 1.3814. I saw price struggling to go higher so I trailed my s/l to 1.3814.
This is a down-wedge in a downtrend .... precedes a bullish move.
If the SL is too close to the previous bottom, could be easily knock out.

Just keep a look out for the move upside. This should is atypical text-book formation. Unless the textbook is wrong .... hahaha

For me .... i m waiting for it to retrace before shorting it. Like yourself, i m not sure where would be a good SL for a Long. Too far down and the market shoots down .... I will shoot my leg !!!
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_10 Mins_snapshot.png Size: 35 KB
  • #128
  • Mar 10, 2011 9:59am Mar 10, 2011 9:59am
out @ 1.3814 = Between 0.1%-0.2%

My week ends:

TAG: + 0.5%

Slow week for me.

  • #129
  • Mar 10, 2011 10:04am Mar 10, 2011 10:04am
Quoting ken_wongyl
This is a down-wedge in a downtrend .... precedes a bullish move.
If the SL is too close to the previous bottom, could be easily knock out.

Just keep a look out for the move upside. This should is atypical text-book formation. Unless the textbook is wrong .... hahaha

For me .... i m waiting for it to retrace before shorting it. Like yourself, i m not sure where would be a good SL for a Long. Too far down and the market shoots down .... I will shoot my leg !!!

If it drops more I'll be looking for a good price to buy around 60 pips lower than where it currently is. I buy in places that doesn't make a lot of sense to most and I sell when it doesn't make a lot of sense to most.
  • #130
  • Mar 10, 2011 2:51pm Mar 10, 2011 2:51pm
Quoting jj7000
I buy in places that doesn't make a lot of sense to most and I sell when it doesn't make a lot of sense to most.
  • #131
  • Mar 14, 2011 4:06pm Mar 14, 2011 4:06pm
Few touch trade orders not touched missed by 2-3 pips, . Would have been all wins
  • #132
  • Mar 15, 2011 11:48am Mar 15, 2011 11:48am
Busy day today:

3 touch orders failures -1.5%

Manual Entry: GBP/USD ppz zone , tl, fib 61%

O: 1.6014

added to this trade @ 1.6038


closed out at @1.6071
TAG: + 1.6%

Today TAG= + 0.1 Are you kidding me!
Attached Image (click to enlarge)
Click to Enlarge Name: another trade update 59.gif Size: 40 KB
  • #133
  • Mar 16, 2011 6:12pm Mar 16, 2011 6:12pm
What a crazy day in the market, I leave for a few hours and prices have dropped 500 points in some pairs. This crisis has the markets crazy

I had a touch trade failure and I definitely know why, the markets are unstable right now.

TAG = -1.0%
  • #134
  • Edited 8:57am Mar 17, 2011 8:33am | Edited 8:57am
Manual Entry Long GBP/USD @ 1.6003 C: 1.6137. Fib 61%, TL, PPZ Zone and boom!

+5R

TAG = + 5.0%


My week ends TAG= + 4.0%

in pips + 104
Attached Image (click to enlarge)
Click to Enlarge Name: another trade update 60.gif Size: 54 KB
  • #135
  • Mar 22, 2011 7:11am Mar 22, 2011 7:11am
Yesterday updates: Bad
analysis on EUR/JPY, should have stayed on sideline , but I felt it was worth it. -2.0%

Current trade:

EUR/GBP Long @ .8689
We'll see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: another trade update 61.gif Size: 37 KB
  • #136
  • Mar 22, 2011 12:24pm Mar 22, 2011 12:24pm
I'm still in the other trade and in the following trade:

I went short on cable @ 1.6367 this morning,CT trade, reasoning price exhaustion in ppz zone 3hr pin off of BRN, and looking at other market for confluence.

I'm at work can't post chart.
  • #137
  • Mar 22, 2011 8:18pm Mar 22, 2011 8:18pm
Quoting jj7000
Yesterday updates: Bad
analysis on EUR/JPY, should have stayed on sideline , but I felt it was worth it. -2.0%

Current trade:

EUR/GBP Long @ .8689
We'll see what happens

Trade closed out @ -1.0%
  • #138
  • Mar 26, 2011 2:40pm Mar 26, 2011 2:40pm
What a tough week for me, one trade was pure bad luck, knocked me out at b/e and then dropped and hit my target and 1 failed touch trade.

Last week's results TAG = -4.0 %

in pips = -130
  • #139
  • Mar 30, 2011 9:09am Mar 30, 2011 9:09am
Trades this week: A lot of craziness

Three Long GBP/USD trades
O:1.5996
O:1.6005
O: 1.6039

TAG= + 2.0%

I moving today so I'm done for this trading week and another good month for me.
  • #140
  • Apr 4, 2011 11:27am Apr 4, 2011 11:27am
5 trades 4 wins and 1 loss . Closed out the winners to cover the loss of -1% on the loser, today's net is +0.2 % . Really was a waste of time today , price barely is moving in this pairs I traded. That's reason I'm not even going to post a chart of this mess.
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