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  • #420,301
  • Apr 12, 2011 6:40am Apr 12, 2011 6:40am
Quoting Sutts
Thanks for your input Cloggie. Were the seeds of the oil and gold rally obvious enough to get you in at the start of this EU rally around LO? Or does trading correlation in this way restrict you to taking only the middle of the move? Just trying to figure things out....

Cheers

I only trade fat parts of moves, I give up the first few pips of tops and bottoms because I don't want to be caught in a mess, doing that allows you to go in a lot heavier as your drawdown is minimal and you can keep your stops tight. That's why I am not shorting this right now even though commodities and equities topped out, there is no setup that is going to give me 50-100 pips right here.

The LO is my bread and butter for the day and generates 60-70% of my profits. I have posted plenty of times what the average day looks like for eurusd and what each sessions does.
  • #420,302
  • Apr 12, 2011 6:45am Apr 12, 2011 6:45am
Quoting cloggie
I only trade fat parts of moves, I give up the first few pips of tops and bottoms because I don't want to be caught in a mess, doing that allows you to go in a lot heavier as your drawdown is minimal and you can keep your stops tight. That's why I am not shorting this right now even though commodities and equities topped out, there is no setup that is going to give me 50-100 pips right here.

The LO is my bread and butter for the day and generates 60-70% of my profits. I have posted plenty of times what the average day looks like for eurusd and...

Thanks for that.

Looking at oil and gold, I just see a pullback which might be ready to turn back up. Am I missing something?
Equities are flat as a fart though!
  • #420,303
  • Apr 12, 2011 6:47am Apr 12, 2011 6:47am
Quoting Sutts

Looking at oil and gold, I just see a pullback which might be ready to turn back up. Am I missing something?

Only on the shorter TF's, the higher ones (10,20,30) are still pointing down.

I am going to have some lunch, waiting for the next setup here. Lots of correlated pairs and instruments are consolidating here and nothing worth trading other then the occasional 10-15 pip trades, not worth the risk in my book.
  • #420,304
  • Apr 12, 2011 6:52am Apr 12, 2011 6:52am
The dow futures are negative at the moment as well which isn't a great sign for higher euro, maybe it will turn around on the open.
rat
  • #420,305
  • Apr 12, 2011 7:15am Apr 12, 2011 7:15am
time to buy because climbing up into new heights
euro positive today
  • #420,306
  • Apr 12, 2011 7:21am Apr 12, 2011 7:21am
trading really is that easy....

check the daily timeframes on any pair....draw the most significant horizontals ...

no need to say more...

------

C ! how r u doin bro?
Hero calls followed by margin calls...
  • #420,307
  • Apr 12, 2011 7:23am Apr 12, 2011 7:23am
Quoting Julexo
time to buy because climbing up into new heights
euro positive today
traceable conclusion ^^
Hero calls followed by margin calls...
  • #420,308
  • Apr 12, 2011 7:24am Apr 12, 2011 7:24am
Quoting PhAnTi'
traceable conclusion ^^
I'm positive
  • #420,309
  • Apr 12, 2011 7:25am Apr 12, 2011 7:25am
I have seen this formation before. Didnt like it then and I dont like it now.
  • #420,310
  • Apr 12, 2011 7:25am Apr 12, 2011 7:25am
Quoting cloggie
Commodites are testing the highs again, equities are rallying, look to buy the dips for a further move up on euro. 4464 will need a good momentum bar and we are looking at 4495.

Any shorts are countertrades here and need tight stops and quick exits.

Could not resist on commodities testing the high again.

Quoting Sutts
Thanks for that.

Looking at oil and gold, I just see a pullback which might be ready to turn back up. Am I missing something?
Equities are flat as a fart though!
You were right and I was wrong, did you catch it like I did though? Gold broke the high, the rest is still lagging.

See how nice these correlated risk setups work? We talked about it plenty of times in the last few pages.
Attached Image (click to enlarge)
Click to Enlarge Name: could not resist.gif Size: 24 KB
  • #420,311
  • Apr 12, 2011 7:26am Apr 12, 2011 7:26am
kas nupirko tas 30pips jau kisene turi
who bought the pocket has already 30pips
  • #420,312
  • Apr 12, 2011 7:31am Apr 12, 2011 7:31am
Quoting cloggie
Could not resist on commodities testing the high again.



Got my 95
  • #420,313
  • Apr 12, 2011 7:32am Apr 12, 2011 7:32am
Quoting gatorinla
id rather short at 4505 4526
nibbled at 4498 1/2
(97.7)
those who can, do. those who cant, talk about those who can
  • #420,314
  • Apr 12, 2011 7:33am Apr 12, 2011 7:33am
Hello,

I'm new in forex and I need help please, I opened short position from low about 300 pips from now, suggest me please
  • #420,315
  • Apr 12, 2011 7:33am Apr 12, 2011 7:33am
Inserted Video
  • #420,316
  • Apr 12, 2011 7:33am Apr 12, 2011 7:33am
all targets done 80pips for today
  • #420,317
  • Apr 12, 2011 7:36am Apr 12, 2011 7:36am
Quoting PhAnTi'
trading really is that easy....

check the daily timeframes on any pair....draw the most significant horizontals ...

no need to say more...

------

C ! how r u doin bro?
Could you please share a little clue on how you do it? I am using similar strategy. Break down = short, Break up = Long. But look at the EJ today... the leg...
  • #420,318
  • Apr 12, 2011 7:37am Apr 12, 2011 7:37am
Quoting cloggie
Got my 95

Covered at 98, waiting for the next setup. Reason for covering here? 20 day ADR reached to the pip, no need to depend on luck for the rest.
  • #420,319
  • Apr 12, 2011 7:38am Apr 12, 2011 7:38am
What a ride that was over the last 4 hours......5 consecutive trades on the ups and pullbacks.....all good....need a dark quite room for a rest now.
  • #420,320
  • Apr 12, 2011 7:38am Apr 12, 2011 7:38am
Quoting cloggie
Could not resist on commodities testing the high again.



You were right and I was wrong, did you catch it like I did though? Gold broke the high, the rest is still lagging.

See how nice these correlated risk setups work? We talked about it plenty of times in the last few pages.

Nope, all happened too quick for me - I haven't been taking breaks - always wait for a close above and pull back to my level. Maybe I should start taking straight breaks when the correlations back it up.
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