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Easy no stress daily charts:)

  • #601
  • Aug 24, 2011 9:55pm Aug 24, 2011 9:55pm
Any one taking GBP/JPY short?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 29 KB
  • #602
  • Aug 24, 2011 10:33pm Aug 24, 2011 10:33pm
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
  • #603
  • Aug 24, 2011 10:34pm Aug 24, 2011 10:34pm
hy fxcalifornia!

i go short with gbp-jpy.

how much is your sl?
  • #604
  • Aug 24, 2011 10:41pm Aug 24, 2011 10:41pm
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
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
  • #605
  • Aug 25, 2011 12:08am Aug 25, 2011 12:08am
Quoting jucaorma
yes Olu

i m in on audusd and usdcad holding

I am in these too... the rules rule!
Live it or leave it!
  • #606
  • Aug 25, 2011 12:11am Aug 25, 2011 12:11am
Quoting Stumpy1
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

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!
  • #607
  • Aug 25, 2011 12:23am Aug 25, 2011 12:23am
Guys,

here are the open trades and also why I didnt take the EURGBP...
Attached Image (click to enlarge)
Click to Enlarge Name: trades.png Size: 202 KB
Live it or leave it!
  • #608
  • Aug 25, 2011 12:45am Aug 25, 2011 12:45am
I just took GBP/JPY short just to see how it plays. SL: 150 (ATR 20 days: 140)
Quoting stevebalmmer
hy fxcalifornia!

i go short with gbp-jpy.

how much is your sl?
  • #609
  • Aug 25, 2011 12:48am Aug 25, 2011 12:48am
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
I just took GBP/JPY short just to see how it plays. SL: 150 (ATR 20 days: 140)
  • #610
  • Aug 25, 2011 12:49am Aug 25, 2011 12:49am
For the same reason, I didn't take EUR/GBP..
Quoting Slurpee
Guys,

here are the open trades and also why I didnt take the EURGBP...
  • #611
  • Aug 25, 2011 4:42am Aug 25, 2011 4:42am
in the audusd and usdcad. A break of 1.0428 in the audusd should take us to near our entry points

Olu
If you think you can or cannot do it you are correct
  • #612
  • Aug 25, 2011 8:57am Aug 25, 2011 8:57am
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
  • #613
  • Aug 25, 2011 4:02pm Aug 25, 2011 4:02pm
Quoting howard
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

yes, it was down, but ended up above the 60 level and now looking pretty good, nice pinbar candle!
Live it or leave it!
  • #614
  • Aug 25, 2011 4:38pm Aug 25, 2011 4:38pm
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

If you think you can or cannot do it you are correct
  • #615
  • Aug 26, 2011 10:51am Aug 26, 2011 10:51am
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
If you think you can or cannot do it you are correct
  • #616
  • Aug 26, 2011 11:06am Aug 26, 2011 11:06am
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
  • #617
  • Aug 26, 2011 11:31am Aug 26, 2011 11:31am
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!
  • #618
  • Aug 26, 2011 11:40am Aug 26, 2011 11:40am
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
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
  • #619
  • Aug 26, 2011 11:46am Aug 26, 2011 11:46am
hello slurpee!

Mine sl was also met, in 3 pairs.
Do you have one performance from lindencourt system what your experiences are?
  • #620
  • Aug 26, 2011 12:01pm Aug 26, 2011 12:01pm
Och!!!!!!!!!!!!!!!! ok now for the next one its just got to be a lucky one LOL
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