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Long Term Pips

  • #281
  • Apr 6, 2011 9:58am Apr 6, 2011 9:58am
i am out for awhile, trades today:

usd/cad - running breakeven

chf/jpy - running +50
  • #282
  • Apr 6, 2011 11:02am Apr 6, 2011 11:02am
Quoting brenzaj42
i am out for awhile, trades today:

usd/cad - running breakeven

chf/jpy - running +50
Here is an image of the 4 open trades I have at the moment, all sure winners. Awesome. I am running these tests in a penny account until i feel confident with the method. I have been following brenzaj4's teaching for a long while and i really trust his strategies. I am very familiar with his easy yet effective methods.

Attached Image (click to enlarge)
Click to Enlarge Name: OpenTradesBrenzaj42Method.GIF Size: 75 KB
  • #283
  • Apr 6, 2011 12:43pm Apr 6, 2011 12:43pm
hi brenzaj42

when you are using your 4H / 15 min system.

what time frame are you on when you do the P & I analysis?
  • #284
  • Apr 6, 2011 2:04pm Apr 6, 2011 2:04pm
as many time frames as possible, the more the better.



Quoting d0MiN077
hi brenzaj42

when you are using your 4H / 15 min system.

what time frame are you on when you do the P & I analysis?
  • #285
  • Apr 7, 2011 2:23am Apr 7, 2011 2:23am
EURAUD Short at 1.3667
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #286
  • Apr 7, 2011 4:01am Apr 7, 2011 4:01am
EURAUD Currently +30 pips Stop at BE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: example10.gif Size: 14 KB
Click to Enlarge Name: example11.gif Size: 15 KB
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #287
  • Apr 7, 2011 6:23am Apr 7, 2011 6:23am
nice trade, some resistance around 1.3600, if it gets through there, another 100 pips of room to move.



Quoting trzcinek
EURAUD Currently +30 pips Stop at BE
  • #288
  • Apr 7, 2011 7:03am Apr 7, 2011 7:03am
Quoting trzcinek
EURAUD Short at 1.3667
This pair could travel down far and fast when 3603 goes...

Good luck
If you think you can or cannot do it you are correct
  • #289
  • Apr 7, 2011 7:39am Apr 7, 2011 7:39am
Quoting Olu
This pair could travel down far and fast when 3603 goes...

Good luck

Tug of war at this level at the moment...
If there is no hint of follow through then this last line of defence will go
If you think you can or cannot do it you are correct
  • #290
  • Apr 7, 2011 7:54am Apr 7, 2011 7:54am
Thank you Brenzaj for this powerful method ! As for now 1.3600 is still holding but it looks quite fragile... Let's wait and see what will happen ....

Quoting brenzaj42
nice trade, some resistance around 1.3600, if it gets through there, another 100 pips of room to move.
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #291
  • Apr 7, 2011 7:56am Apr 7, 2011 7:56am
Thanks Olu ... there was a news release at 1.30 PM GMT ... but, as for me the P&I suggest further move down ...

Quoting Olu
Tug of war at this level at the moment...
If there is no hint of follow through then this last line of defence will go
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #292
  • Apr 7, 2011 8:22am Apr 7, 2011 8:22am
We just need it to stay under there...
If you think you can or cannot do it you are correct
  • #293
  • Apr 7, 2011 9:49am Apr 7, 2011 9:49am
Just been blown out of the water (-40pips)!
If you think you can or cannot do it you are correct
  • #294
  • Apr 7, 2011 10:02am Apr 7, 2011 10:02am
BE, as for me :-/


Quoting Olu
Just been blown out of the water (-40pips)!
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #295
  • Apr 7, 2011 10:11am Apr 7, 2011 10:11am
Strange, pretty strong move ... I would like to know what was it ? There was no news release for EURAUD at this time ... maybe an intervention ?

Quoting trzcinek
BE, as for me :-/
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #296
  • Apr 7, 2011 10:45am Apr 7, 2011 10:45am
OK, I got it now ! There was another earthquake in Japan and a tsunami warning ... it shaked the market and wiped out our trades ... I just hope for the Japanese that it is nothing serious ... !
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #297
  • Apr 7, 2011 11:52am Apr 7, 2011 11:52am
Quoting trzcinek
OK, I got it now ! There was another earthquake in Japan and a tsunami warning ... it shaked the market and wiped out our trades ... I just hope for the Japanese that it is nothing serious ... !

They are being hit hard. I too hope it is nothing serious... but a 7.1 is pretty huge
If you think you can or cannot do it you are correct
  • #298
  • Apr 9, 2011 1:18pm Apr 9, 2011 1:18pm
Hey Friends,

I wanted to share with you my trade on EURGBP on Friday. Fresh cross on 4H backed by EUR strength and GBP weakness.

Entry on 15 min chart (vertical red lines). First entry failed and i got stopped out, second worked fine and i'm still in this trade.

First entry at .87936 : stoped out at .87707 for - 23 pips

Second entry at 0.87838 : still in the trade for + 53 pips now

I scaled out half of my postion at +30 pips

some resistance ahead around .88350

Brenzaj : Are you getting often stopped out on these 15 min entries ? What is your success ratio ? Thanks a lot !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 08apr2011 eurgbp entries.gif Size: 19 KB
Click to Enlarge Name: 08apr2011 eurgbp h4.gif Size: 19 KB
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #299
  • Apr 9, 2011 2:11pm Apr 9, 2011 2:11pm
Quoting trzcinek
Hey Friends,

I wanted to share with you my trade on EURGBP on Friday. Fresh cross on 4H backed by EUR strength and GBP weakness.

Entry on 15 min chart (vertical red lines). First entry failed and i got stopped out, second worked fine and i'm still in this trade.

First entry at .87936 : stoped out at .87707 for - 23 pips

Second entry at 0.87838 : still in the trade for + 53 pips now

I scaled out half of my postion at +30 pips

some resistance ahead around .88350

Brenzaj : Are you getting often stopped out on these 15 min entries...
That has been my biggest challenge with this entry method. I love the fact that we have close stop loses but often it happens to me that i get stopped out and then it turns back on my direction and takes off without me.
Brenzj, does this happens to you too?
I always try to place my stop loss beyond the next support/resistance levels in the 15 min but still get stop out more than i would like.
  • #300
  • Apr 10, 2011 11:41am Apr 10, 2011 11:41am
hey guys, i try to move my stop to breakeven after 30-40 pips. i seem to get stopped out breakeven alot but am usually able to re-enter. the key is to take the trade when you see a pullback and you have done all of your analysis. do not get sloppy with parallel and inverse analysis. this is what makes the forex market great in my opinion. a couple people have written me that they just check the 15 minute charts. you need to find out which currency pair is in control of the market.

my personal rule is that i will never enter a trade if i cannot figure out what currency/currencies are in control, strong or weak. for example, i need to be able to say every night "the eur is strong across the board and the usd is weak. this will help with what crosses to trade and if the trade will make it quickly to the next resistance point or if it will be choppy. if you do this correctly, you should not get stopped out for a loss that often. it happens, don't get me wrong. I get stopped out a once or twice a week but that is no big deal with this r:r.

i hope this makes sense, if not, let me know.
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