Romancing the Price

some gold trades from today..

Quickie on Dax earlier

Same principles as a weekly trade, but a rather faster return

One more example of how price thinks ahead of time. Notice the spikes up while going down, progressively consuming supply to make room for bulls. Once supply is consumed, price can advance without difficulty.

another exotic trade closed yesterday.. usdtry [us$ turkish lira]

so, once trader builds some understanding about how things works, it doesn't matter what pair or which timeframe

closed both with just over 370 pips.. unfortunately std lot pip value on this pair is about $5

most of my gold trades of the day [wed, sep 14]..

more gold trades.. carrying on from no.10..




edit: almost hit my stop.. bought the spike down and scalped it for another 26 pips.. i'll happily take what markets willing to give




edit 2: stop hit.. so i traded gold more.. love nice fast moves..




edit 3: play it one more time sam.. closed both with 82 pips



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edit 4: Just wanted to show you it's not so difficult to get what markets willing to give.. it needed to hit that box before doing anything else.. closed all with 100+ pips

recently closed nzdusd trades..

update on nzdusd.. second round.. like a textbook.. i think, no explanation is needed.. closed all 3 with 200+ pips..

few trades from yesterday...

couple of gold and silver trades...

i have closed my locked gold trade accidentally with 1268 pips.. i was aiming for 5000 pips... with others perhaps..





and some latest slv trades from today..

latest on gold and slv front..

i've been asked on a sister thread about my use of locking word in respect of some trades that i mentioned locking..

some trader use locking word for adding stop @be+

then why not to use hedging instead of locking.. hedging has different meaning to what i have been doing..

"A hedge is an investment position intended to offset potential losses that may be incurred by a companion investment." - From Wikipedia

i'm not offsetting any potential losses.. just locking certain amount of pips so that it doesn't matter where price goes i have secured my pips.. when time comes or decide, i need to close both as quickly as possible when market is quite and preferable on the ranging periods.

i have tried to explain it with charts below..

the theory:






sometimes things may not work as planned


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the practice:

it feels good when u catch nice n quick moves...






i'd have felt even better if i didn't close these last eu trades early

gu lock expansion..

recently closed oz trades.. 400+ pips in total

it was screaming for free pips to be collected.. let see if somebody can tell why..




edit:
bit more [80+ pips] on small round trip.. can it get any easier................





edit 2:
one more round.. 220+ pips.. closed upper 3 buys.. left lower buy as a lock. previous lock was closed by accident..






edit 3:
sometimes things don't go according to plan.. this usually happens when plan is not so good.. lower 2 sells was rushed entries.. didn't take any notice of the wick..

rather than taking loss i decided to work my way out of it as the H4 trend was on my side and next supply was not much further up..

closed all without any loss.. 100+ pips.. it may go further south but i'm happy to close them where i did..

worked out much better than expected.. almost 300 pips..




edit: bit more [80+ pips] on first reaction..




edit 2: took it's time but it did what's expected.. closed all with 170+ pips
when trading uchf, it's a good idea to watch eurusd at same the time as they have negative correlation - when central banks are not interfering..

been doing quite a few silver and gold trades today.. latest few..

decided to close upper ec long with 130 pips..

leaving lower one with stop @be+

looks like SNB wants to up the base from 120 to towards 1.24-1.25.. since it has a positive swap charges i can leave it longer and see..





edit: utilized on expected SNB intervention.. both shorts are closed for 190+ pips in total

latest couple of gold trades...

few trades from today.. wed 21..

gold was quite generous as usual..







i cannot complain about silver either..





amongst many other scalp trades of crude and usdchf most noticeable ones..