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SToRy of a FX Fanatik

  • #61
  • Edited 10:40pm Apr 9, 2012 9:18am | Edited 10:40pm
Areas of Interest

The areas I identify for potential entries have been coined under many different terms on this forum. Some call it support/resistance; supply/demand, stop hunting and others consider it order flow. These are high probability areas that have a high rate of reaction. However, this doesn't mean that price will not break through them. On odd occasions price will pierce straight through these levels (i.e. on news events) and this is when my risk management principles come into play.

I attempt to enter at the source of the move and look for a reaction off these areas.

  • #62
  • Apr 9, 2012 9:22am Apr 9, 2012 9:22am
Discretionary trading

Rookies need to understand that with discretionary trading there is no hard fixed rule. If you favour discretionary trading over systematic trading you first need to know yourself. What are you attempting to achieve? What are your ambitions? What is your purpose? These questions need to be answered in relation to ones trading and in terms of life principles generally. Once you are at peace with yourself then and only then can you be successful.

With discretionary trading you will never succeed by imitating or replicating another trader. You need to work out what works for you, your temperament, your reaction time to possible scenarios, your reaction to losses etc. and then develop a method that works for you.
  • #63
  • Apr 9, 2012 8:38pm Apr 9, 2012 8:38pm
Quoting vasmiza
And some EUR/USD planning for tomorrow.
Scenario 4 currently in play
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  • #64
  • Apr 9, 2012 9:09pm Apr 9, 2012 9:09pm
Quoting vasmiza
Scenario 4 currently in play
closed all at FTA now watch out for scenario 3 posted yesterday.
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  • #65
  • Edited 3:34am Apr 10, 2012 2:00am | Edited 3:34am
another no brainer. Watch this hit the bottom of the range in no time.
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  • #66
  • Apr 10, 2012 5:29am Apr 10, 2012 5:29am
Quoting vasmiza
another no brainer. Watch this hit the bottom of the range in no time.
ok time to take some off the table. Was expecting a stronger bearish momentum but we didnt get it. Will continue holding remainder of position
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  • #67
  • Apr 10, 2012 11:33pm Apr 10, 2012 11:33pm
this is what I am seeing on Aussie. Placed a small position at the retest of TL. Will add if price breaks below the base of the box and retests.
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  • #68
  • Apr 16, 2012 2:13am Apr 16, 2012 2:13am
just took a long on Aussie @ highlighted area. target is white line
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  • #69
  • Apr 16, 2012 4:34am Apr 16, 2012 4:34am
Quoting vasmiza
just took a long on Aussie @ highlighted area. target is white line
still holding onto Aussie. Also went long USD/YEN.
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  • #70
  • Apr 16, 2012 4:42am Apr 16, 2012 4:42am
Quoting vasmiza
still holding onto Aussie. Also went long USD/YEN.
yen takes off aswell. Nice start to week. Done posting for today
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  • #71
  • Apr 17, 2012 4:23am Apr 17, 2012 4:23am
Risk on people. USD is getting smashed across the board. Managed to catch some on Aussie

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  • #72
  • Apr 23, 2012 5:52am Apr 23, 2012 5:52am
as per chart
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  • #73
  • Apr 24, 2012 3:35am Apr 24, 2012 3:35am
went short on euro/usd at highlighted area.
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  • #74
  • Apr 24, 2012 3:44am Apr 24, 2012 3:44am
watch out for potential shorts on cable if D1 swing high is tested/broken just like the swing lows highlighted on chart
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  • #75
  • Apr 24, 2012 8:06am Apr 24, 2012 8:06am
Quoting vasmiza
went short on euro/usd at highlighted area.
eur/usd done and dusted. closed all
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  • #76
  • Apr 24, 2012 8:11am Apr 24, 2012 8:11am
Quoting vasmiza
watch out for potential shorts on cable if D1 swing high is tested/broken just like the swing lows highlighted on chart
now we hunt those stops above the D1 swing high. The suckers will get stopped out have no doubt. Keeping it nimble and stop is tight

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  • #77
  • Edited 8:50am Apr 25, 2012 4:25am | Edited 8:50am
Quoting vasmiza
watch out for potential shorts on cable if D1 swing high is tested/broken just like the swing lows highlighted on chart
and there we go, works like gold. D1 swing high is tested, suckers all get stopped and smart money starts shorting.....
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  • #78
  • Apr 25, 2012 8:53am Apr 25, 2012 8:53am
Quoting vasmiza
and there we go, works like gold. D1 swing high is tested, suckers all get stopped and we get smart money shorting.....
Bar traders are still waiting for their entry on break of H4 BEOB, with us our bias is established we enter short once again on the retrace.
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  • #79
  • Apr 25, 2012 8:33pm Apr 25, 2012 8:33pm
another no brainer on Aussie. I am still bearish on cable
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  • #80
  • Apr 30, 2012 3:00am Apr 30, 2012 3:00am
definite short here on eur/usd
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