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  • Post #601
  • Quote
  • Aug 24, 2011 10:55pm Aug 24, 2011 10:55pm
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
Any one taking GBP/JPY short?
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  • Post #602
  • Quote
  • Aug 24, 2011 11:33pm Aug 24, 2011 11:33pm
  •  Stumpy1
  • | Joined Jul 2008 | Status: Member | 217 Posts
HMMMMMMMMMMMMMMM Slurpee does not like the JPY pairs because of the volatility.
One of the big mistakes traders make is overtrading they feel they have to be in every trade which leads to losses inmho perhaps we should stick to the proven pairs that slurpee trades.
I would rather have fewer trades with a higher win rate so I am using a rifle not a shotgun
 
 
  • Post #603
  • Quote
  • Aug 24, 2011 11:34pm Aug 24, 2011 11:34pm
  •  stevebalmmer
  • | Joined Dec 2009 | Status: Member | 981 Posts
hy fxcalifornia!

i go short with gbp-jpy.

how much is your sl?
 
 
  • Post #604
  • Quote
  • Aug 24, 2011 11:41pm Aug 24, 2011 11:41pm
  •  stevebalmmer
  • | Joined Dec 2009 | Status: Member | 981 Posts
mhhhhhhhhhh,
hello stumpy!

There is certainly a little bit drann what slurpee says.
I will make this certainly also in future so.
Avarice is something wrong, and makes many profits again to losses.


Quoting Stumpy1
Disliked
HMMMMMMMMMMMMMMM Slurpee does not like the JPY pairs because of the volatility.
One of the big mistakes traders make is overtrading they feel they have to be in every trade which leads to losses inmho perhaps we should stick to the proven pairs that slurpee trades.
I would rather have fewer trades with a higher win rate so I am using a rifle not a shotgun
Ignored
 
 
  • Post #605
  • Quote
  • Aug 25, 2011 1:08am Aug 25, 2011 1:08am
  •  Slurpee
  • Joined Jun 2009 | Status: Member | 492 Posts
Quoting jucaorma
Disliked
yes Olu

i m in on audusd and usdcad holding
Ignored

I am in these too... the rules rule!
Live it or leave it!
 
 
  • Post #606
  • Quote
  • Aug 25, 2011 1:11am Aug 25, 2011 1:11am
  •  Slurpee
  • Joined Jun 2009 | Status: Member | 492 Posts
Quoting Stumpy1
Disliked
HMMMMMMMMMMMMMMM Slurpee does not like the JPY pairs because of the volatility.
One of the big mistakes traders make is overtrading they feel they have to be in every trade which leads to losses inmho perhaps we should stick to the proven pairs that slurpee trades.
I would rather have fewer trades with a higher win rate so I am using a rifle not a shotgun
Ignored

exactly said... I dont trade JPY pairs... and the saying with rifle and shotgun is superb in this case! dont try to catch every move market makes...
Live it or leave it!
 
 
  • Post #607
  • Quote
  • Aug 25, 2011 1:23am Aug 25, 2011 1:23am
  •  Slurpee
  • Joined Jun 2009 | Status: Member | 492 Posts
Guys,

here are the open trades and also why I didnt take the EURGBP...
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Live it or leave it!
 
 
  • Post #608
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  • Aug 25, 2011 1:45am Aug 25, 2011 1:45am
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
I just took GBP/JPY short just to see how it plays. SL: 150 (ATR 20 days: 140)
Quoting stevebalmmer
Disliked
hy fxcalifornia!

i go short with gbp-jpy.

how much is your sl?
Ignored
 
 
  • Post #609
  • Quote
  • Aug 25, 2011 1:48am Aug 25, 2011 1:48am
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
I take very very small size (live Oanda) for forward testing. Loss for even 200 pips will not that big at the same time 200 pips profit will not let me buy a starbucks coffee..

Quoting FX_California
Disliked
I just took GBP/JPY short just to see how it plays. SL: 150 (ATR 20 days: 140)
Ignored
 
 
  • Post #610
  • Quote
  • Aug 25, 2011 1:49am Aug 25, 2011 1:49am
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
For the same reason, I didn't take EUR/GBP..
Quoting Slurpee
Disliked
Guys,

here are the open trades and also why I didnt take the EURGBP...
Ignored
 
 
  • Post #611
  • Quote
  • Aug 25, 2011 5:42am Aug 25, 2011 5:42am
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,605 Posts
in the audusd and usdcad. A break of 1.0428 in the audusd should take us to near our entry points

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #612
  • Quote
  • Aug 25, 2011 9:57am Aug 25, 2011 9:57am
  •  howard
  • | Joined Sep 2006 | Status: howard | 1,681 Posts
At the close of today UDS/CAD will signal exit if price stays at these levels or lower: Stoch crossed and moved below 60 level
Regards
 
 
  • Post #613
  • Quote
  • Aug 25, 2011 5:02pm Aug 25, 2011 5:02pm
  •  Slurpee
  • Joined Jun 2009 | Status: Member | 492 Posts
Quoting howard
Disliked
At the close of today UDS/CAD will signal exit if price stays at these levels or lower: Stoch crossed and moved below 60 level
Ignored

yes, it was down, but ended up above the 60 level and now looking pretty good, nice pinbar candle!
Live it or leave it!
 
 
  • Post #614
  • Quote
  • Aug 25, 2011 5:38pm Aug 25, 2011 5:38pm
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,605 Posts
If he signals QE3 then the

 

  1. stock markets will rally
  2. usdcad will weaken
  3. audusd will rally
  4. Commodities will rally
  5. Gold and silver will rally

If he just waffles the opposite will happen

On the other hand we could have a 'buy the rumour sell the fact scenario' and the opposite of the scenarios listed above will happen

Dont you just love the fact that we are mainly technical traders. Give me my 100 moving average and stoch (8,3,3) anytime

Olu

Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #615
  • Quote
  • Aug 26, 2011 11:51am Aug 26, 2011 11:51am
  •  Olu
  • Joined Jun 2009 | Status: Trend Trader | 5,605 Posts
Actually the word is 'stopped out'

For all others in the same boat as I am we always have next week to begin profiting again...

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
 
 
  • Post #616
  • Quote
  • Aug 26, 2011 12:06pm Aug 26, 2011 12:06pm
  •  stevebalmmer
  • | Joined Dec 2009 | Status: Member | 981 Posts
I also became stop out , this week not at all felt well to trade.
Will simply try on occasion majors to trade.
Important it is, which at the end of the month I am in the profit.
In 3 pairs I became stop out
 
 
  • Post #617
  • Quote
  • Aug 26, 2011 12:31pm Aug 26, 2011 12:31pm
  •  Slurpee
  • Joined Jun 2009 | Status: Member | 492 Posts
stopped out audusd and usdchf as well... usdchf -170, audusd -170

..... ok, enough crying, lets get ready for another trade!

This is part of the game, we should not take it as a personal loss, we sticked to the rules and that is the most important thing here... emotionsless
Live it or leave it!
 
 
  • Post #618
  • Quote
  • Aug 26, 2011 12:40pm Aug 26, 2011 12:40pm
  •  FX_California
  • | Joined Jan 2007 | Status: Member | 290 Posts
Same here. Well , that's part of the game. Still running USD/CAD, AUD/NZD, GBP/JPY. This morning GBP/JPY was in 140 profit (now 74). I know this currency is risky, so moved my SL to BE before weekend. Worst case scenario, there will be no gain/loss.
Quoting Slurpee
Disliked
stopped out audusd and usdchf as well... usdchf -170, audusd -170

..... ok, enough crying, lets get ready for another trade!

This is part of the game, we should not take it as a personal loss, we sticked to the rules and that is the most important thing here... emotionsless
Ignored
 
 
  • Post #619
  • Quote
  • Aug 26, 2011 12:46pm Aug 26, 2011 12:46pm
  •  stevebalmmer
  • | Joined Dec 2009 | Status: Member | 981 Posts
hello slurpee!

Mine sl was also met, in 3 pairs.
Do you have one performance from lindencourt system what your experiences are?
 
 
  • Post #620
  • Quote
  • Aug 26, 2011 1:01pm Aug 26, 2011 1:01pm
  •  Stumpy1
  • | Joined Jul 2008 | Status: Member | 217 Posts
Och!!!!!!!!!!!!!!!! ok now for the next one its just got to be a lucky one LOL
 
 
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