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AUD/USD

  • #31,821
  • Aug 4, 2011 3:20am Aug 4, 2011 3:20am
Quoting SystemFX2011
This is a clients account, I had to take out lot sizes (due to NDA of client) and entry prices (had to take out due to NDA of MM'ers)...

TP's are there... monitor them.

These trades are currently up - over 1,400 pips already.
Am i reading it right? Your EUR and GBP trades are totally underwater??!
  • #31,822
  • Aug 4, 2011 3:21am Aug 4, 2011 3:21am
Quoting Jazznos
Hmmm ok... I was coming to think that was really where its at! Between that and my fibs that i find very reliable I thought i was in good shape...!
Fibs only work part of the time, not all the time. again, MM'ers know all the tricks and they know that normal traders learn to study them and they aim for those levels to stop hunt ppl.

Quoting Jazznos
Ok thanks will check it out... Im still surprised you use so many indicators...
I don't though, that chart I showed the other day is something completely different.

I have my own strategies that work quite well... then I open another chart to go naked and find the patterns easier, then compare with my own strategies - if they line up... BOOM I'm in for the ride to the next lot of levels

Quoting Jazznos

Most seem to have come to the conclusion including me that they just lag and dont tell you much useful and half the time the market ignores them!
Sure, some lag, but its about thinking outside the box... for instance one of the images I showed re: the ADX that I refer to as the "power move" - works EVERY single time.

If you use the conventional methods of trading as writen in books or shown online how to use these indicators, you'll lose most of the time, your mind gets so attached to what you learned, you try something else cos one will feel it don't work... its not that they don't work, they do, one just has to think outside the box.

Quoting Jazznos
And that the "big boys" dont use em and use the stuff i talked about earlier, so this is all getting more mysterious by the day... And anyway, that psych counted for more than that anyway... Youre obviously doing something right though...


good luck

Steve
  • #31,823
  • Aug 4, 2011 3:21am Aug 4, 2011 3:21am
pardon?

Quoting Jazznos
Am i reading it right? Your EUR and GBP trades are totally underwater??!
  • #31,824
  • Aug 4, 2011 3:26am Aug 4, 2011 3:26am
It doesn't matter what the SNB does to intervene, CHF will continue to go higher with all the crap that is happening in Europe and in the States.


Quoting VennD
1) Swiss cut Interest Rate 0.25% ---> 0.00% (I'd guess 80-250 pips).
... Not sure weather they had executed large bids near the 0.7600 on usd/chf..
Trade what you see, not what you think!
  • #31,825
  • Aug 4, 2011 3:27am Aug 4, 2011 3:27am
Quoting SystemFX2011
pardon?
It says, GBP/USD, sold @ 6108, its now 6334, and EUR sold @ 4065, now 4204...
  • #31,826
  • Aug 4, 2011 3:28am Aug 4, 2011 3:28am
Japan is also uncomfortable with the rise of YEN ... probably had instructed their agent to buy all currencies against JPY..
  • #31,827
  • Aug 4, 2011 3:28am Aug 4, 2011 3:28am
you might want to go back to my post again... you read it wrong

take a GOOD look at the image.. i left the open prices out, the price column you see, is the CURRENT price not the open price..

all of those trades are in profit

Quoting Jazznos
It says, GBP/USD, sold @ 6108, its now 6334, and EUR sold @ 4065, now 4204...
  • #31,828
  • Aug 4, 2011 3:30am Aug 4, 2011 3:30am
Quoting OMGtrader
It doesn't matter what the SNB does to intervene, CHF will continue to go higher with all the crap that is happening in Europe and in the States.
Agreed .... atm ... CHF + JPY are safe heaven for investors ..
  • #31,829
  • Aug 4, 2011 3:32am Aug 4, 2011 3:32am
Out of my long positions, thankfully it's only paper loss.

2nd time I've been caught out by a failed support line
  • #31,830
  • Aug 4, 2011 3:34am Aug 4, 2011 3:34am
CHF is a beast and the better safe haven then JPY. Mostly because SNB can't intervene like BOJ so talks of intervention is that big of a factor for the CHF then the JPY. Eventually along the road, the CHF will depreciate when the astronomical rise in it really hurts the Swiss Economy but that is not in the near future.

Quoting VennD
Agreed .... atm ... CHF + JPY are safe heaven for investors ..
Trade what you see, not what you think!
  • #31,831
  • Aug 4, 2011 3:35am Aug 4, 2011 3:35am
stop fighting the tape, it is clearly in a downtrend. I'll tell you from experience that there is no place for heroes in this market.


Quoting jayjb
Out of my long positions, thankfully it's only paper loss.

2nd time I've been caught out by a failed support line
Trade what you see, not what you think!
  • #31,832
  • Aug 4, 2011 3:38am Aug 4, 2011 3:38am
Quoting SystemFX2011
you might want to go back to my post again... you read it wrong

take a GOOD look at the image.. i left the open prices out, the price column you see, is the CURRENT price not the open price..

all of those trades are in profit
LOL sorry im a retard... Having a rough day over here!!!
  • #31,833
  • Aug 4, 2011 3:38am Aug 4, 2011 3:38am
scanning, finding no setups at the moment... I'm bored....
Trade what you see, not what you think!
  • #31,834
  • Aug 4, 2011 3:40am Aug 4, 2011 3:40am
your not looking hard enough, they're all over the place.

Quoting OMGtrader
scanning, finding no setups at the moment... I'm bored....
  • #31,835
  • Aug 4, 2011 3:41am Aug 4, 2011 3:41am
it's all good... time to take a break, let the fresh air come in... new day tomorrow - or take off the entire week / long weekend break, start a fresh monday

Quoting Jazznos
LOL sorry im a retard... Having a rough day over here!!!
  • #31,836
  • Aug 4, 2011 3:42am Aug 4, 2011 3:42am
nothing that fits my criteria

Quoting SystemFX2011
your not looking hard enough, they're all over the place.
Trade what you see, not what you think!
  • #31,837
  • Aug 4, 2011 3:52am Aug 4, 2011 3:52am
Quoting SystemFX2011
This is a clients account, I had to take out lot sizes (due to NDA of client) and entry prices (had to take out due to NDA of MM'ers)...

TP's are there... monitor them.

These trades are currently up - over 1,400 pips already.

Hiya, I am on a few similar trades but I'm a newbie and still struggle with exit points. With my AU, NU, UJ & U/CAD trades i am up over 1000 pips this week also and I am of the same thinking in direction as you, however your TP's are a lot further away than what I had worked out and I wondered how long you were thinking it would take roughly to reach them? You said in an earlier post that you trade the bigger time frames so I thought maybe you were looking longer term.

Many thanks in advance.
  • #31,838
  • Aug 4, 2011 3:54am Aug 4, 2011 3:54am
hmmm seeing a bit of retrace on the JPY pairs, buy signal or signal of top from intervention?
Trade what you see, not what you think!
  • #31,839
  • Aug 4, 2011 3:55am Aug 4, 2011 3:55am
Quoting OMGtrader
stop fighting the tape, it is clearly in a downtrend. I'll tell you from experience that there is no place for heroes in this market.
Yes, I did see a downtrend on H4 double bollingers and ADX, I didn't close when I was green (could have achieved my weekly target) but got greedy

I was suspecting that it was just a retracement but I was counting on the ED to hold.
  • #31,840
  • Aug 4, 2011 4:12am Aug 4, 2011 4:12am
Quoting Jazznos
Green Nuns... of the Revolution??
YUP!!, you're the first person who ever knew my id!
rave on
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