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Easy no stress daily charts:)

  • #121
  • Edited 5:16pm Jul 13, 2011 5:12pm | Edited 5:16pm
Quoting [Sniper]
Anyone trade this pair? Currently shorting it as there has been a cross. This one's scary though since the pair is really volatile, often moving 400-500 pips a day and it could move against your direction wiping out your account. Keeping my fingers crossed on this one
I trade this pair. I mentioned trading this pair on this thread (or the closed one) and everone warned about the range volatility etc which was true.
I am not in this at the moment but I have spreadbet this pair successfully previously.

For everyone else 1 pip move -->$1.9 on a full lot. Can move 600pips in a day easily. But it trends well. spread is about 12 but what is 12 compared to 600 eh?

As for you Sniper. You are in my prayers

Olu
If you think you can or cannot do it you are correct
  • #122
  • Jul 13, 2011 5:15pm Jul 13, 2011 5:15pm
Why trade it then? Are you in for profits or thrill. I'm only looking for the easier ones, if there is such a thing!

Ok - just saw your LOL -
  • #123
  • Jul 13, 2011 5:33pm Jul 13, 2011 5:33pm
Quoting Olu
I trade this pair. I mentioned trading this pair on this thread (or the closed one) and everone warned about the range volatility etc which was true.
I am not in this at the moment but I have spreadbet this pair successfully previously.

For everyone else 1 pip move -->$1.9 on a full lot. Can move 600pips in a day easily. But it trends well. spread is about 12 but what is 12 compared to 600 eh?

As for you Sniper. You are in my prayers

Olu
It does trend well and it's really volatile too, but I forgot that a 100 pip move is equal to only $1 in this pair. ROFL! Closed my trade and moved to EURJPY instead, where the gains are bigger pipwise. Happy trading everyone
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 210 KB
  • #124
  • Edited 5:52pm Jul 13, 2011 5:36pm | Edited 5:52pm
Quoting [Sniper]
It does trend well and it's really volatile too, but I forgot that a 100 pip move is equal to only $1 in this pair. ROFL! Closed my trade and moved to EURJPY instead, where the gains are bigger pipwise. Happy trading everyone
It all depends on the size of your position. take a look at the attached Oanda chart..
Attached Image (click to enlarge)
Click to Enlarge Name: usddkk.gif Size: 66 KB
  • #125
  • Jul 13, 2011 5:59pm Jul 13, 2011 5:59pm
Quoting DaTrader
It all depends on the size of your position. take a look at the attached Oanda chart..
My friend, we have to take note that 1USD = 5.3-5.4 DKK in this pair. Whatever you gain in Krone will have to be reconverted back unto USD, hence the small profits pipwise. I was up 135 pips in a .15 lot position and it only netted me around $4.50. In contrast, a 34 pip move in a .15 lot position in the EURJPY pair already has grossed $4 around.

Anyway, the pair is indeed volatile and trends well to. And it's great to trade if you've got big position sizes. However, the profits will be smaller pipwise and it's just not worth the effort for me to have smaller gains in a 300-400 pip move in a market
  • #126
  • Jul 13, 2011 6:02pm Jul 13, 2011 6:02pm
Quoting [Sniper]
My friend, we have to take note that 1USD = 5.3-5.4 DKK in this pair. Whatever you gain in Krone will have to be reconverted back unto USD, hence the small profits pipwise. I was up 135 pips in a .15 lot position and it only netted me around $4.50. In contrast, a 34 pip move in a .15 lot position in the EURJPY pair already has grossed $4 around.

Anyway, the pair is indeed volatile and trends well to. And it's great to trade if you've got big position sizes. However, the profits will be smaller pipwise and it's just worth the effort for me to have smaller gains in a 300-400 pip move in a market
I'm with you now and agree 100%! I'm at work and was rushing through the post's!
Good Trading!
  • #127
  • Jul 13, 2011 8:41pm Jul 13, 2011 8:41pm
i close
the 33%
usd/chf
+273 pips
i make a BE

another win


jejeje
thanks a lot
  • #128
  • Jul 13, 2011 11:45pm Jul 13, 2011 11:45pm
hey!

thank your for sharing the system, I'm not the biggest fan of indicators, but this one is a dead ringer for simplicity!

I'm gonna open a subaccount with Oanda and follow this.
  • #129
  • Jul 13, 2011 11:50pm Jul 13, 2011 11:50pm
I should have waited!!
My bad
Better "luck" next time
  • #130
  • Jul 14, 2011 12:07am Jul 14, 2011 12:07am
Here is a snap shot of the current GPB/USD, Tech and Fund says its going to go back to being bearish! As per the trading style, what should I do!

http://i1194.photobucket.com/albums/...nja/GPBUSD.png

Should I wait for a better sell in opportunity! Or should I ride this possible false Bull and risk it turning bearish as per the Tech and Fund outlook?

What would you do?
Voodoo Economics.......
  • #131
  • Jul 14, 2011 12:53am Jul 14, 2011 12:53am
Quoting Olu
My stoch has already crossed... I think it is the candle close time differential coming into play here.

Olu
Probably yes, because my Stoch lines are not crossed yet (they are crossing but the candle is not over! )
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 34 KB
Live it or leave it!
  • #132
  • Jul 14, 2011 12:55am Jul 14, 2011 12:55am
Quoting [Sniper]
Anyone trade this pair? Currently shorting it as there has been a cross. This one's scary though since the pair is really volatile, often moving 400-500 pips a day and it could move against your direction wiping out your account. Keeping my fingers crossed on this one

EDIT: lol, I forgot. 100 pip is equal to only $1 in this pair.

I suggest forget this pair... It is not worth trading such pairs, there are enough trades on more common pairs
Live it or leave it!
  • #133
  • Jul 14, 2011 12:58am Jul 14, 2011 12:58am
Quoting jucaorma
i close
the 33%
usd/chf
+273 pips
i make a BE

another win


jejeje
thanks a lot

great job!
Live it or leave it!
  • #134
  • Jul 14, 2011 12:59am Jul 14, 2011 12:59am
Quoting merrynpippin
hey!

thank your for sharing the system, I'm not the biggest fan of indicators, but this one is a dead ringer for simplicity!

I'm gonna open a subaccount with Oanda and follow this.

welcome here
Live it or leave it!
  • #135
  • Jul 14, 2011 1:01am Jul 14, 2011 1:01am
Quoting anderssv82
I should have waited!!
My bad
Better "luck" next time

don't try to "jump the gun"! Wait for the indicators to tell you! there is tons of trades, don't worry you will not get to trade... that is the most commont problem with trades (I was the same!)... this is daily system, so sometimes you have to wait for a few days for a proper trade...
Live it or leave it!
  • #136
  • Jul 14, 2011 1:04am Jul 14, 2011 1:04am
Quoting jcdollar
Here is a snap shot of the current GPB/USD, Tech and Fund says its going to go back to being bearish! As per the trading style, what should I do!

http://i1194.photobucket.com/albums/...nja/GPBUSD.png

Should I wait for a better sell in opportunity! Or should I ride this possible false Bull and risk it turning bearish as per the Tech and Fund outlook?

What would you do?

As per trading style, you wait for the Stoch lines to cross somewhere above the 40 level to go SHORT... (your yellow has to cross your blue from upside down). Why would you go LONG if the price is under the MA?? Did you read the rules, jcdollar?
Live it or leave it!
  • #137
  • Jul 14, 2011 2:07am Jul 14, 2011 2:07am
Did anyone go long AUDUSD?

I thought technically this would be a valid trade, but there is so much resistance here I decided to stay out. It has broken the line twice back in April/May, but not since and seems at very high levels.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD,Daily_2011-07-14_08-01-59.png Size: 49 KB
  • #138
  • Jul 14, 2011 7:09am Jul 14, 2011 7:09am
Quoting jimmc
Did anyone go long AUDUSD?

I thought technically this would be a valid trade, but there is so much resistance here I decided to stay out. It has broken the line twice back in April/May, but not since and seems at very high levels.

I have not, the Stoch lines have not crossed yet (it is close but have to wait for today's close to finish)
Live it or leave it!
  • #139
  • Jul 14, 2011 7:33am Jul 14, 2011 7:33am
Quoting Slurpee
I have not, the Stoch lines have not crossed yet (it is close but have to wait for today's close to finish)
It crossed on my chart. The only reason I did not take the trade was because of all the fundamental data coming out. I did not take the usdcad for the same reason.

Olu
If you think you can or cannot do it you are correct
  • #140
  • Jul 14, 2011 10:09am Jul 14, 2011 10:09am
Quoting Slurpee
As per trading style, you wait for the Stoch lines to cross somewhere above the 40 level to go SHORT... (your yellow has to cross your blue from upside down). Why would you go LONG if the price is under the MA?? Did you read the rules, jcdollar?

Thats what was confusing me, the lines crossed from the downside up, below the 40 and where heading back up! Yet the price was below the MA? All the Tech and Fund said to short this, but the Stoch lines where headed up! Looks like the yellow crossed the blue right before the lines went above the 40 heading up! But I see what you are talking abougt!
Voodoo Economics.......
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