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21 Currency Pairs vs 7 Currencies

  • #141
  • Aug 17, 2011 5:24am Aug 17, 2011 5:24am
People,

I always liked JPY - my first account was wipped out by EURJPY so let us try this pair instead.

On a weekly we can see lots of selling pressure around 105 level - strong resistance. CHF weakness in last days is solid (my opinion behind this is, that lots of big madafakas are getting out of CHF long and this is reason for high vollatility and CHF weakness and not EURCHF peg and other bullshit. The trend is getting old!

JPY I like really much right now and I also expect that USDJPY did not said a last word till now so we should give this one a go.

On a daily big trendlines are being crossed and if we stay under 99.80 for close I think we are safe to short this beauty!

This selloff stopped at on H4 at 365MA and on 1920/1600 MA on 1H which are my favorite MAsss

We should see another selloff from here on and try to get a hold of JPY.

If we break 95 level we should see a test of 88 in next few months.

Carry here is also minimum so let us play!
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  • #142
  • Aug 18, 2011 1:12am Aug 18, 2011 1:12am
Morning,

everything is going great. CHFJPY dropped as suspected.

EURAUD missed order for 10 pips. Will see if I will hold this order again. Maybe will lower it. I see some selling pressure on EUR. GBP is on a buy side as suspected.

Will report with other orders.

Have a good one!
  • #143
  • Aug 18, 2011 6:38am Aug 18, 2011 6:38am
USDCAD long myself. USD sgonna rock today - at least for today
  • #144
  • Aug 18, 2011 11:20am Aug 18, 2011 11:20am
Quoting 21vs7
USDCAD long myself. USD sgonna rock today - at least for today
Only USDCHF myself long from now on!

pipsss!

Shorting gold and shorting silver? complex H&S on Silver?
  • #145
  • Aug 19, 2011 1:03am Aug 19, 2011 1:03am
Here are the percentage numbers...

Meanwhile - closed one USDCHF on 79,52 one still runs...

USDCAD closed 2/2 too early

Shorted EURJPY 2 times for around 120 pips

CHFJPY still hold short - opened and closed about 4 positions already will see if it breakes 95 today!

I would not be myself if I would not trade something "unconventional" and "non-legitime" (is that how you say it?) and I started to short GOLD - against the trend my friend. Will see what will happen here.

Have about 10 orders out there - mainly on CHFJPY, USDCAD, USDCHF, GBPUSD (around 1,60 cus it can be mofo for all who wanna go long again) and GOLD.

Have a nice summer
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  • #146
  • Aug 22, 2011 2:53am Aug 22, 2011 2:53am
People,

After 3 weeks of pretty good decisions (had 2 very bad ones which resulted in positive at the end- But negatively conducted) I have been stucked in GOLD trade.
On thursday last week I decided to trade this pair for the first time and was of course after 250 $ gain shorting this bastard. Trading against the trend is a son of a bitch especially in gold.
I decided that I will not trade FX this week at least till my GOLD position is not neutralised. It really seems racional to wait a bit after this long run to get my pips back. Opened on 1837 a sell position.

It is really hard to predict higher levels just to say that psyhological levels could be in place. I agree that these FIB levels are not playing major role on GOLD trading - at least for now. On such a bull trend it is really hard to "catch a falling knife" which is exactly what I am trying to do.

If we break 1865 level in this week-we could realisticly expect a test of 1800 level. If we break 1950 level we could see 4000 till the end of the year
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  • #147
  • Aug 23, 2011 8:53am Aug 23, 2011 8:53am
http://www.forexfactory.com/attachme...6&d=1294345567

Hi 21vs7,

How you get these figures to excel?? Do u mind to share the spreadsheet??

Rgds
  • #148
  • Aug 23, 2011 1:12pm Aug 23, 2011 1:12pm
Quoting 21vs7
People,

After 3 weeks of pretty good decisions (had 2 very bad ones which resulted in positive at the end- But negatively conducted) I have been stucked in GOLD trade.
On thursday last week I decided to trade this pair for the first time and was of course after 250 $ gain shorting this bastard. Trading against the trend is a son of a bitch especially in gold.
I decided that I will not trade FX this week at least till my GOLD position is not neutralised. It really seems racional to wait a bit after this long run to get my pips back. Opened on...

OK, pretty good trading today...as promised to myself I did not opened any other positions beside GOLD trading. Did very good job today on a sell and buy button. Im closed out on this pair for now. Will see If I will trade GOLD again - like FX more!

Well, got around 200 pips on this pair. Pleased that I got out of it now on 1860.

And now; back to real biznis

Thinking of USDCAD long, GBPUSD short and CHFJPY still short (and a lot)!!

Will apply some orders late.

Have a good one!
  • #149
  • Aug 24, 2011 1:45am Aug 24, 2011 1:45am
Quoting draco76x

Hi 21vs7,

How you get these figures to excel?? Do u mind to share the spreadsheet??

Rgds
Hi Draco76x,

I had this done with my programer - its an EA which extracts data from MT4. Then it is manipulated in Excel. I do not use this graphs anymore-I only use this matrixx to see whats going on. Later on is only technical analysis!!

1 matrix of movement (its from yesterday before US open)
2 is particular pairs average movement - here I spot if the trend is changing or where is a nice retracement happening in a trend
If you or anyone have any idea let me know.
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  • #150
  • Aug 24, 2011 2:25am Aug 24, 2011 2:25am
Will trade this pair on a long bias. Entered just now 0,79035 on pin bar and levels of 1600MA, 365 MA, 400 MA, 320 MA. This pair has now half an hour to get around 0,7935 level to form a bullish message on 4H candle.

Later on weo should see another test of 0,80 level.
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  • #151
  • Edited 4:11am Aug 24, 2011 3:19am | Edited 4:11am
Quoting 21vs7
Will trade this pair on a long bias. Entered just now 0,79035 on pin bar and levels of 1600MA, 365 MA, 400 MA, 320 MA. This pair has now half an hour to get around 0,7935 level to form a bullish message on 4H candle.

Later on weo should see another test of 0,80 level.
Ok, im gonna cash in this 10 pips just for the hack of it. This baby is not showing me an upside pressure for now! Surely there will be better level to buy it.

EURUSD long on the fuking bottom.

20194708 3800055636 EUR/USD XX B 1,43888 1,44322 43,4 4,34 0,00 24.8.2011 04:00


MARKET MAKERS had comullated shorts for about 9 days now. I think it will spike up around 1,478 to get the SLs!!
  • #152
  • Aug 24, 2011 4:12am Aug 24, 2011 4:12am
Quoting 21vs7
Ok, im gonna cash in this 10 pips just for the hack of it. This baby is not showing me an upside pressure for now! Surely there will be better level to buy it.

EURUSD long on the fuking bottom.

20194708 3800055636 EUR/USD XX B 1,43888 1,44322 43,4 4,34 0,00 24.8.2011 04:00


MARKET MAKERS had comullated shorts for about 9 days now. I think it will spike up around 1,478 to get the SLs!!

As said!

We will not see anymore 1,43xx next 3 days!
  • #153
  • Aug 24, 2011 6:22am Aug 24, 2011 6:22am
People,

as I see it here there is a strong sell zone in this area firstly around 0,89.

I think we could be able to make this level and turnaround to further EUR weakness.

Atm this strategy is in sound with my EURUSD position. I guess the whole world is shorting this pair - was also thinking of doing so, but I think we gonna see a surprise this week with jobless claims tommorow and bernanke rant on friday. (it is not really a matter what the results will be and what the guy will tell!! but only algorithmic level of net SLs around the globe by market makers).

After this week I am planning to sell EUR rallies on high around 0,89 -0,90 levels and EURUSD around 1,47-1,48 where I will get some pin or a solid selling pressure.
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  • #154
  • Aug 24, 2011 11:40am Aug 24, 2011 11:40am
Quoting 21vs7
People,

as I see it here there is a strong sell zone in this area firstly around 0,89.

I think we could be able to make this level and turnaround to further EUR weakness.

Atm this strategy is in sound with my EURUSD position. I guess the whole world is shorting this pair - was also thinking of doing so, but I think we gonna see a surprise this week with jobless claims tommorow and bernanke rant on friday. (it is not really a matter what the results will be and what the guy will tell!! but only algorithmic level of net SLs around the globe...

OK, got stopped out on BE at 26....hard selloff there...

rethinking process.

Was just reading this on one thread and it is a damn truth:

3 mistakes in trading:

1 OVERLEVERAGING
2 OVERLEVERAGING
3 OVERLEVERAGING

how true! Let us move forward shall we!
  • #155
  • Aug 25, 2011 2:06am Aug 25, 2011 2:06am
I hate to admit but I again was trying to find myself a shortcut and ovelevereged my position in 5 minues like a damn fool. Was trading perfect till this 5 minutes occured. Pretty angry, dissapointed.

OK, decided that I will reestablish my rules of the game.


1. OVERLEVEREGING!!!

2. OVERLEVEREGING!!!

3. NO JUMPING IN THE POSITION!!!

4. CASH IN!!!

5. GET OUT!!!

6. END A DAY IN GREEN!!!


I think this are my weak attributes of my trading and will have to work on this.
I decided to print myself a table and will read it first thing before I look at the charts. Will look it also before I will open an order position!


The journey continues and we are on the right track!
  • #156
  • Aug 25, 2011 2:26am Aug 25, 2011 2:26am
OK, I erased all my orders...had euraud long and eurgbp short.

Will post my thinking of USDCAD atm.
  • #157
  • Aug 25, 2011 3:03am Aug 25, 2011 3:03am
I decided to put an order in on 0,9715. This order is way off the market - reasonable order will be around 0,9820 but will wait what Bernanke will say it tommorow. If it stays around this will think about 0,9820 level also. This baby sgonna go up!

On a weekly we can see really buillish sentiment in my opinion. We saw every retracement a lot of buying pressure here. Resistance at 1,00 and 0,99.


On a daily nice corridor at 0,9920 till 0,9800. There are 365 and 320 MAs which are for now a strong resistance. Will try to get a false breakout at 0,9715 around 100 and 200 MAs and resistance at 0,9700.

On a 4H chart we could also see resistance from 1600 and 1920 MAs around 0,9950 level. The entry level is again around 400,200 and 365 MAs respectfullly.

As said - will see what jobless and Berny will say
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  • #158
  • Aug 25, 2011 5:44am Aug 25, 2011 5:44am
Trade #2

more agressive - order on 1,6192

On a weekly: We could see a resistance at 1,6340 for third week now. Yesterdays sell was pretty convincing so will try to jump on board. Perhaps the order will not be filled but, will wait for a retrace later on.
On a weekly I see next target at around 1,60 level.

On a daily: again six days of trying for another top was not done, so they decided to push it down. A 150 push down will left no buyers on the table. All shall fall out around 1,6050 level first, and then also on 1,5860 where my initial TP will stand (we have 365,320 MAs level there and also some trendline from the past!

On a 4H: we can see that one trendline was broken already. We should see another (major one) to be broken for our target at 1,58ish. We also have 1920 and 1600 MAs at that level which is pretty goood!
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  • #159
  • Aug 29, 2011 3:32am Aug 29, 2011 3:32am

before a working day!!




1. overlevereging!!!


2. overlevereging!!!


3. no jumping in the position!!!


4. cash in!!!


5. get out!!!


6. end a day in green!!!

  • #160
  • Aug 29, 2011 6:55am Aug 29, 2011 6:55am
As seen on the floor CAD is on a buy side atm.

I am already in the GBPCAD position and lovinn the CAD.

On a weekly EURCAD had bumped to 1,43 level and was sold off in a previous week. If this is in a regular place we could see a test of 1,39 trendline on a weekly scale.

On a daily notes. Again - tested 1,43 level which was rejected 3 times there. We could still see 20 days of trading over 1,40 level which is about to end in near future as projected here. Of course the test of 1,40 will be in place.

On a 4H note: The trendline on 4H was broken in last 4H candle. 100 MA was a good resistance here for now. We could see a resistance level around 1,4150 level but I think we will see a sell throu there. And we could later see a nice selloff there about. Next level to get out of sell position is around 1,4050 level.

Sell pressure around 1,42 level IMO.
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