Gold Expedition Return This Year:
-16.4%
- #15,105
- Apr 8, 2011 4:56am Apr 8, 2011 4:56am
- Joined Aug 2007 | Status: Newbie | 1,332 Posts
Gold Expedition Return This Year:
-16.4%
- #15,106
- Apr 8, 2011 5:01am Apr 8, 2011 5:01am
- Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts
Be careful, it's just broken out from 2 Daily highs
I am risking 100 pips here on half lot. that shaded level below on my chart seriously need a retest. and that is 700 pips away
another aftershock in japan I think we will reach there by tonite ,lol
- #15,108
- Apr 8, 2011 5:29am Apr 8, 2011 5:29am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
I won't leave another one like this behind!
I know the ask line is still visible on the weekly, but with a +3 pip swap it's still a good trade
I know the ask line is still visible on the weekly, but with a +3 pip swap it's still a good trade
- #15,109
- Apr 8, 2011 5:38am Apr 8, 2011 5:38am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
D1 Inverted PB trade failed.
Looked like it was struggling as I left it, hence tighter stop than prescribed.
11 pip loss. Shame I gambled. Won't do it again. Winning day overall
This for me is a long-term trade!
You must always put the SL above the highs if trading of the longer-term picture. Your supply zone does NOT include this high!
- #15,110
- Apr 8, 2011 5:41am Apr 8, 2011 5:41am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
That was not a gamble and I am still in my NZDUSD short (Entry at 0.7800). My SL was above the high of 24th Nov 2011 at 0.7840.
This for me is a long-term trade!
You must always put the SL above the highs if trading of the longer-term picture. Your supply zone does NOT include this high!
high into supply
- #15,112
- Apr 8, 2011 5:58am Apr 8, 2011 5:58am
- | Commercial User | Joined Feb 2010 | 1,267 Posts
Hello.
- #15,114
- Apr 8, 2011 6:05am Apr 8, 2011 6:05am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
- #15,115
- Apr 8, 2011 6:06am Apr 8, 2011 6:06am
- Joined Aug 2009 | Status: (I have a huge) Member | 5,555 Posts
dreams do come true.
- #15,116
- Apr 8, 2011 6:07am Apr 8, 2011 6:07am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
No. It all depends which is your main timeframe that you work off. My main timeframe for long-term swing trading is the daily timeframe and I use h1 for entries. (Monthly and weekly for curve analysis) For my day trading/scalping, I use h1 as my main timeframe and m5 for entries. (Daily for curve analysis). Therefore my SL are tighter when day trading and my targets are smaller, whereas with my swing trading the SL is bigger, but then again, so are my targets!
Sometimes I will let a daytrade run (last 10-20% of position) if with the trend and...
I want to spot them on the higher TFs, but ride them on the lower, exiting at trouble spots and re-entering on pullbacks, until they reach their HTF targets.
I can cope with DD, but I don't like it
If
- #15,118
- Apr 8, 2011 6:10am Apr 8, 2011 6:10am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Let me tell you something about USDCAD, its a whore pair to trade and its in a downtrend right now, as long as it doesnt stop being in a downtrend i would severely recommend you to stay away from it.
Move to safer pairs like EU for example, that was a clear bull, also as long as EU remains bullish i dont see the USDCAD going anywhere upwards.
No matter what people will tell you about commodity pairs...
Once I saw Red's chart, I ran like hell
- #15,119
- Apr 8, 2011 6:15am Apr 8, 2011 6:15am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
clear bearish enguilfing followed by wave south, loony will cluster until cadjpy gets to this zone, if cadjpy reacts bearish and turns, loony will turn
awiting buy loony
