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  • #12,401
  • Mar 7, 2012 11:10am Mar 7, 2012 11:10am
Sell Setup..

Quoting Kambooj
Here is my take...
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  • #12,402
  • Mar 7, 2012 11:21am Mar 7, 2012 11:21am
Moved stops to Breakeven on both.
this was last night's eurjpy long update.
up for a total of +97 pips
Attached Image
Have I got something on my face, SOLDIER?
  • #12,403
  • Mar 7, 2012 11:21am Mar 7, 2012 11:21am
Today's loss on wrong Short set up @ 1.3134: -11

Closed my S @ 1.322: +30
Closed my Long @ 3145: +24

flat atm
  • #12,404
  • Mar 7, 2012 11:26am Mar 7, 2012 11:26am
Short 1.3145. SL 1.317 (ie 5 pips above 1.3165).
reason: move up is news driven but no continuation (stalling, pinbar on M30 not conducive to up, gold falling atm and USDX starting to recover).
Micromanaging it atm
  • #12,405
  • Mar 7, 2012 11:41am Mar 7, 2012 11:41am
Quoting BrunargarFx
Today's loss on wrong Short set up @ 1.3134: -11

Closed my S @ 1.322: +30
Closed my Long @ 3145: +24

flat atm
allthough if i look at that chart you posted earlier i couldn't trade off it, but i am sure you say the same about my charts . Only results counts, doesn't matter how. I didn't trade after my long so i am negative for today.
  • #12,406
  • Mar 7, 2012 11:44am Mar 7, 2012 11:44am
Quoting BrunargarFx
Hi BW,
Well done, v. impressive. But these are long position trading (not that there is anything wrong of course).
What does it look like on intraday?
indeed that would be verry interesting, looking forward to it
  • #12,407
  • Mar 7, 2012 11:49am Mar 7, 2012 11:49am
Quoting bumapatria
Moved stops to Breakeven on both.
this was last night's eurjpy long update.
up for a total of +97 pips
great trade Buma, how is live trading ?
  • #12,408
  • Mar 7, 2012 11:51am Mar 7, 2012 11:51am
Hi Husky,
thanks
No pb regarding my chart.

I used M30 for clarity. I mainly (try to) trade on smaller TFs keeping an eye on higher.

This thing is not moving, i think i'm going to call it a day


I read your chart without pb, only thing is that I would use divergences on H1 and higher TFs.



Quoting huskyboy
allthough if i look at that chart you posted earlier i couldn't trade off it, but i am sure you say the same about my charts . Only results counts, doesn't matter how. I didn't trade after my long so i am negative for today.
  • #12,409
  • Mar 7, 2012 12:05pm Mar 7, 2012 12:05pm
I have a possible H&S pattern on M5 but needs to break 1.3139 for confirmation.
If that's the case, I'll move my SL to BE.
Last tradeof the day for me

see you all tomorrow
  • #12,410
  • Mar 7, 2012 12:11pm Mar 7, 2012 12:11pm
1.3139 broken,
SL adjusted to 1.3144 (+1pip)
TP 1.312 (close 1/2)
See you all tomorrow
  • #12,411
  • Mar 7, 2012 1:45pm Mar 7, 2012 1:45pm
Longs be very carefull of trend reversal happening on daily time frame...
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  • #12,412
  • Mar 7, 2012 2:25pm Mar 7, 2012 2:25pm
Short S/O: +1 pip

I know Kambooj will not like it but H4 seems to indicate further move up, possibly 1.325 before further down

Quoting BrunargarFx
1.3139 broken,
SL adjusted to 1.3144 (+1pip)
TP 1.312 (close 1/2)
See you all tomorrow
  • #12,413
  • Edited 3:09pm Mar 7, 2012 2:40pm | Edited 3:09pm
I usually trade in the direction of the weekly and daily time frames, sometimes H4, but mostly I have found that if you trade in the direction of Weekly time frame, the chances of getting out bad trades is much much more, and its easier to turn them into good trades.

You might have to wait a bit longer at times to find the best strategy to get out of bad trades.

I use a 150-200 pip stoploss to do my trades, with the minimum lot size that I can afford and as market moves I have a better idea of how to manage my trades.

I have found this way for me to be far superior than any other method for myself, but I am still learning, and not an expert.

I always set a target of between 20-25 pips, but occasionally when orders go beyond that very quickly and are profitable, then I bring stoploss to entry and let it ride.

I check the market from 8 AM to 4 PM New York Time every hour and minute of it, and once quickly during the night at 3 AM when the European session opens.


Quoting BrunargarFx
Short S/O: +1 pip

I know Kambooj will not like it but H4 seems to indicate further move up, possibly 1.325 before further down
  • #12,414
  • Mar 7, 2012 3:29pm Mar 7, 2012 3:29pm
Tentative Long: 1.3146
SL: 1.313

Reason behind my trade, bullish Hidden Div on H1, conducive patterns on higher TFs, rejection of 1.31 level (ie still within demand range) and we're back where we started today. This is counter trade and am still expecting further move down tomorrow (hence tight SL)
  • #12,415
  • Mar 7, 2012 6:51pm Mar 7, 2012 6:51pm
Quoting Kambooj
I use a 150-200 pip stoploss to do my trades, with the minimum lot size that I can afford and as market moves I have a better idea of how to manage my trades.

I always set a target of between 20-25 pips, but occasionally when orders go beyond that very quickly and are profitable, then I bring stoploss to entry and let it ride.
Mate I hope you are not serious...if i get it right...stop loss is 150-200 pip and target is 20-25??
  • #12,416
  • Mar 7, 2012 9:07pm Mar 7, 2012 9:07pm
Quoting Kambooj
Longs be very carefull of trend reversal happening on daily time frame...
actually this is looking bullish... i wouldn't be shorting this unless i see confirmation below 1.3090..

sorry not been around guys - the movie here in india is long and hard days... no time to even open my platform... also got pretty sick recently... will try to post more, hopefully things will smoothen out on the shoot...

still bullish imo
  • #12,417
  • Mar 8, 2012 12:25am Mar 8, 2012 12:25am
Good morning all.
I wasn't too sure whether I read it right or not - but you read it the same way I did. What's an interesting R:R

Here we are 1.3177, just flirting with UTL of down channel.

Quoting T@rantula
Mate I hope you are not serious...if i get it right...stop loss is 150-200 pip and target is 20-25??
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  • #12,418
  • Mar 8, 2012 12:28am Mar 8, 2012 12:28am
Hi Jay
What's your movie about and which part of India are you filiming in?

Quoting jaylovin
actually this is looking bullish... i wouldn't be shorting this unless i see confirmation below 1.3090..

sorry not been around guys - the movie here in india is long and hard days... no time to even open my platform... also got pretty sick recently... will try to post more, hopefully things will smoothen out on the shoot...

still bullish imo
  • #12,419
  • Mar 8, 2012 12:38am Mar 8, 2012 12:38am
Quoting BrunargarFx
Hi Jay
What's your movie about and which part of India are you filiming in?
this one is a bollywood flick - http://www.bollywoodhungama.com/movi...e/view/id/3147

kind of a remake of step up/streetdance....

looks like the shoot will extend now until the end of may which kinda sucks - was hoping to be home within a month from now.. we are shooting in the slums called basti..
  • #12,420
  • Mar 8, 2012 12:44am Mar 8, 2012 12:44am
I'm always impressed by bollywood actors. They need to act and be great dancers too!
It's in 3D as well
Are you one of the main actors on the pic?

Quoting jaylovin
this one is a bollywood flick - http://www.bollywoodhungama.com/movi...e/view/id/3147

kind of a remake of step up/streetdance....

looks like the shoot will extend now until the end of may which kinda sucks - was hoping to be home within a month from now.. we are shooting in the slums called basti..
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