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Price Actions- EurUsd

  • #281
  • Mar 5, 2012 8:48am Mar 5, 2012 8:48am
Quoting abajiga
I am also keeping an eye on this gbpchf...it is tanking up for a long trade..waiting US to confirm this...
No confirmation yet, but set-up is for buy as it remains. Waiting about 15 minutes time to confirm this long trade. Trade could take place around London close.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 18 KB
Time Is Money
  • #282
  • Mar 5, 2012 8:53am Mar 5, 2012 8:53am
Quoting abajiga
The reason for longing this trade:

Looking from last Friday's close, we can see Tokyo didn't confirm a down trend instead they left the market in a range. @ London opening, prices improved quickly and puts the market more in favour to rise as far as 1.3242. Most likely this might happen around @ US open.
So far so good, things are working as predicted. Most likely the market will continue to rise to about 1.3242
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 22 KB
Time Is Money
  • #283
  • Mar 5, 2012 9:04am Mar 5, 2012 9:04am
Quoting abajiga
No confirmation yet, but set-up is for buy as it remains. Waiting about 15 minutes time to confirm this long trade. Trade could take place around London close.
Got confirmation and gone long on this one for +21 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 15 KB
Time Is Money
  • #284
  • Mar 5, 2012 9:08am Mar 5, 2012 9:08am
Quoting abajiga
Got confirmation and gone long on this one for +21 pips.
A lot of gas in this trade...working out perfect.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 18 KB
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  • #285
  • Mar 5, 2012 9:38am Mar 5, 2012 9:38am
Shorting eurgbp and taking profit around 0.8313
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 18 KB
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  • #286
  • Mar 5, 2012 4:41pm Mar 5, 2012 4:41pm
Quoting abajiga
A lot of gas in this trade...working out perfect.
Tank ran out of gas and came out with +7 pips

I am not prepared to start with Tokyo in trade therefore, closed running trades and I will be trading back at London Open.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 61 KB
Time Is Money
  • #287
  • Mar 5, 2012 4:46pm Mar 5, 2012 4:46pm
Quoting abajiga
Shorting eurgbp and taking profit around 0.8313
With Tokyo about to open, I closed this trade with +1 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 64 KB
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  • #288
  • Mar 5, 2012 7:27pm Mar 5, 2012 7:27pm
longed for +37 pips
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 18 KB
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  • #289
  • Mar 6, 2012 4:19pm Mar 6, 2012 4:19pm
Quoting abajiga
longed for +37 pips
closed this trade with -21 pips. Error spotted but was too late and I had to close trade.
Time Is Money
  • #290
  • Mar 6, 2012 4:39pm Mar 6, 2012 4:39pm
hehe first - from a long time?all this trades are on demo?
  • #291
  • Mar 8, 2012 3:37am Mar 8, 2012 3:37am
Quoting rusty_hawk
hehe first - from a long time?all this trades are on demo?
Yes, these results are from Demo, but I also run my live account at the same time.
Time Is Money
  • #292
  • Mar 8, 2012 3:56am Mar 8, 2012 3:56am
Just did my three trades in a row. This is a relatively new strategy and it is purely based on scalp.

When I decided to go for this strategy, two main factors were considered:

Time is the number one factor... the scenario is that if I am to scalp the market on daily basis, then, my trades should only last few minutes or an hour or so latest, and my trading time should fall within the best trading time (London session-luckily am based in London)

Secondly, trades are based purely on price action based on Tokyo open signal.

I thefore did my homework for sometime on the new strategy and I got about 7 pairs to take simultaneously at London open and for the first time I decided to take 3 out of the 7 and results are as attached. Each of these trades is based on how far the market traces back during London session. Different pairs yeild different pips. Pips can range from 18-30 pips per trade.
Attached Image (click to enlarge)
Click to Enlarge Name: scalp on price action.gif Size: 55 KB
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  • #293
  • Mar 8, 2012 4:16am Mar 8, 2012 4:16am
Quoting abajiga
Just did my three trades in a row. This is a relatively new strategy and it is purely based on scalp.

When I decided to go for this strategy, two main factors were considered:

Time is the number one factor... the scenario is that if I am to scalp the market on daily basis, then, my trades should only last few minutes or an hour or so latest, and my trading time should fall within the best trading time (London session-luckily am based in London)

Secondly, trades are based purely on price action based on Tokyo open signal.

I thefore did...
As you can see, trade did continue for a while and it is a matter of decision where to take profit. At the moment, I am looking for certain price action for the market to test.
Attached Image (click to enlarge)
Click to Enlarge Name: usdnok.gif Size: 56 KB
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  • #294
  • Mar 8, 2012 4:20am Mar 8, 2012 4:20am
Quoting abajiga
As you can see, trade did continue for a while and it is a matter of decision where to take profit. At the moment, I am looking for certain price action for the market to test.
So is the 3rd trade. But as I said earlier this is relatively the beginning but at the moment accuracy is priority than numbers! I don't mind to get 12-18 pips per trade but should be on daily basis in and out.

There will be also opportunity as US open.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 57 KB
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  • #295
  • Mar 8, 2012 4:27am Mar 8, 2012 4:27am
Quoting abajiga
So is the 3rd trade. But as I said earlier this is relatively the beginning but at the moment accuracy is priority than numbers! I don't mind to get 12-18 pips per trade but should be on daily basis in and out.

There will be also opportunity as US open.
Ok...here is what I was talking back earlier (a perfect example), accuracy being the highest possible price range the market would at least test. As in this example, this trade would have netted about +11 pips and you can see the market traced back and might not come back to test this level.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 47 KB
Time Is Money
  • #296
  • Mar 8, 2012 4:35am Mar 8, 2012 4:35am
Quoting abajiga
Ok...here is what I was talking back earlier (a perfect example), accuracy being the highest possible price range the market would at least test. As in this example, this trade would have netted about +11 pips and you can see the market traced back and might not come back to test this level.
This trade was for +25 pips....a continuation based price action and not tracing back of the market. So there is a good potential in this strategy and very promising
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 43 KB
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  • #297
  • Mar 8, 2012 7:45am Mar 8, 2012 7:45am
Short: usdcad -tp@ 0.99383
Long:eurjpy -tp@ 108.895
Long:audusd -tp@ 1.06744
Time Is Money
  • #298
  • Mar 8, 2012 8:03am Mar 8, 2012 8:03am
Quoting abajiga
Short: usdcad -tp@ 0.99383
Long:eurjpy -tp@ 108.895
Long:audusd -tp@ 1.06744
usdcad came off trade with +14
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 56 KB
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  • #299
  • Mar 8, 2012 8:35am Mar 8, 2012 8:35am
longed gbpjpy- tp@ 129.222
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  • #300
  • Mar 8, 2012 5:24pm Mar 8, 2012 5:24pm
Quoting abajiga
usdcad came off trade with +14
Closed the rest of trades:

audusd +6
gbpjpy +7
eurjpy +3

Today this brings all together to a total of +76 pips from 7 pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: total trades.gif Size: 72 KB
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