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Easy no stress daily charts:)

  • #341
  • Aug 2, 2011 3:58pm Aug 2, 2011 3:58pm
Quoting Forest-Sea
Slurpee --

Are you concerned how low the Sto reading is on the EU to take a short on this?

Forest
Hi Forest,

I am concerned only about where the cross on the Stoch happened, if it is above 40 (in shorts)... I understand your question, if the Stoch lines were around or under level 20, I would consider the case more precisely... but that is my trading style, maybe others use other criteria...
Live it or leave it!
  • #342
  • Aug 2, 2011 4:01pm Aug 2, 2011 4:01pm
How trades will open?
TP, SL, BE ?

Quoting Slurpee
the USDCHF is doing great, AU not and my SL might get hit soon... The EG looks quite good to me too, we will see... Tonight, if the price stays under the MA, I will short the euro...
  • #343
  • Aug 2, 2011 4:09pm Aug 2, 2011 4:09pm
Quoting Forest-Sea
Slurpee --

Are you concerned how low the Sto reading is on the EU to take a short on this?

Forest
It about where the cross happened...

Good question

Olu
If you think you can or cannot do it you are correct
  • #344
  • Aug 2, 2011 4:10pm Aug 2, 2011 4:10pm
just placed 2 sell limit orders @ 1.4212... the price should retrace a bit before going further down...
Live it or leave it!
  • #345
  • Aug 2, 2011 4:12pm Aug 2, 2011 4:12pm
Quoting yurijap
How trades will open?
TP, SL, BE ?

Hi!

please read the first post, the SL, TP and BE are there
Live it or leave it!
  • #346
  • Aug 2, 2011 4:15pm Aug 2, 2011 4:15pm
... I am VERY tempted to close my USDCHF trade right now...it is +785 pips, which is more than 4,6 times more than I risked in this trade.. but rules are rules... it can go even further... and if not, there are more trades coming!

Live it or leave it!
  • #347
  • Aug 2, 2011 4:19pm Aug 2, 2011 4:19pm
Quoting Slurpee
just placed 2 sell limit orders @ 1.4212... the price should retrace a bit before going further down...
I put my entry for 4225. I am up till the the asia open and will keep one eye on it to see if it gets hit. How did you pick your entry? I just used the MA value on my chart

Olu
If you think you can or cannot do it you are correct
  • #348
  • Aug 2, 2011 4:31pm Aug 2, 2011 4:31pm
I think there are several setups with the Yen currency but I'm afraid of a BOJ intervention hence I keep my hands in my pockets.
BigBlackfeet Always on the(forex) war path !
  • #349
  • Aug 2, 2011 4:59pm Aug 2, 2011 4:59pm
Quoting BLACKFEET
I think there are several setups with the Yen currency but I'm afraid of a BOJ intervention hence I keep my hands in my pockets.
I am with you on this one. A lot of jpy pairs are screaming sell me. But intervention can come at anytime. In fact, off the topic of this thread, I am looking for a place to park an order so that if there is intervention my order will be taken along with the ensueing price action

Olu
If you think you can or cannot do it you are correct
  • #350
  • Aug 2, 2011 5:02pm Aug 2, 2011 5:02pm
Slurpee, what do you think of EURCAD? Is good to short it still?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.GIF Size: 19 KB
  • #351
  • Aug 2, 2011 5:58pm Aug 2, 2011 5:58pm
Quoting Olu
I put my entry for 4225. I am up till the the asia open and will keep one eye on it to see if it gets hit. How did you pick your entry? I just used the MA value on my chart

Olu
My orders got hit at 4185, the low of yesterdays bar on Oanda... The dollar just made a huge spike up against AUD and NZD, could get interesting!
  • #352
  • Aug 2, 2011 6:11pm Aug 2, 2011 6:11pm
Quoting DaTrader
My orders got hit at 4185, the low of yesterdays bar on Oanda... The dollar just made a huge spike up against AUD and NZD, could get interesting!
Perhaps I have been too frugal with my entry limit price...

Olu
If you think you can or cannot do it you are correct
  • #353
  • Aug 3, 2011 12:21am Aug 3, 2011 12:21am
Quoting Olu
I put my entry for 4225. I am up till the the asia open and will keep one eye on it to see if it gets hit. How did you pick your entry? I just used the MA value on my chart

Olu

I pick my entry just by adding 10-15, maybe 20 pips to the close of the daily candle... no indicator
Live it or leave it!
  • #354
  • Aug 3, 2011 12:26am Aug 3, 2011 12:26am
Quoting sam_ye2001
Slurpee, what do you think of EURCAD? Is good to short it still?

According to my rules YES, it is still good to short. If you missed the entry and the price gets in a day, max two, back to where you should have entered, you can still get in... but if the price went 100 pips in your favour and then gets back to your entry, I would not enter ...

BUT I don't trade this "exotic" seems too volatile to me
Live it or leave it!
  • #355
  • Aug 3, 2011 12:31am Aug 3, 2011 12:31am
Quoting Olu
Perhaps I have been too frugal with my entry limit price...

Olu

my limit got hit so I am in the EU trade... I think yours will get hit too, the price still bounces around, but who knows... so it is your call
Live it or leave it!
  • #356
  • Aug 3, 2011 1:57am Aug 3, 2011 1:57am
Quoting sam_ye2001
Slurpee, what do you think of EURCAD? Is good to short it still?
Even if it's a valid trade the spread you are showing there seems very high? Is it really 27? Mine's showing only about 5 or 6.
  • #357
  • Aug 3, 2011 3:04am Aug 3, 2011 3:04am
Quoting jimmc
Even if it's a valid trade the spread you are showing there seems very high? Is it really 27? Mine's showing only about 5 or 6.
mine is 5 digit decimal broker. How about yours?
  • #358
  • Aug 3, 2011 3:51am Aug 3, 2011 3:51am
Quoting Slurpee
just placed 2 sell limit orders @ 1.4212... the price should retrace a bit before going further down...
Hi

When you set a limit order to enter at a better price, does it reduce your stop or is it still at 170?
Regards
  • #359
  • Aug 3, 2011 4:53am Aug 3, 2011 4:53am
question to the rules!

Must the fast stochastik cross the slow stochastik into the 40-60 level? or be outside cross the levels 40-60.

tanks steve
  • #360
  • Aug 3, 2011 6:34am Aug 3, 2011 6:34am
If you take profits now no one would question your sticking to the rules 700pips is a lot of 'sticking to the rules'

Well done

Olu
If you think you can or cannot do it you are correct
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