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  • #1,601
  • May 11, 2012 1:51pm May 11, 2012 1:51pm
Great trading today guys!

No trades for me today, a quiet day and mostly an educational one in the Trading Room too. Will post some examples of a couple setups we discussed over the weekend.

All in all a good week for me with over +10R gained for the week.
  • #1,602
  • May 14, 2012 5:48am May 14, 2012 5:48am
Shorted GA @1.6108 with a SL @ 1.6130.
Attached Image (click to enlarge)
Click to Enlarge Name: GA 15M Short.jpg Size: 133 KB
  • #1,603
  • May 14, 2012 6:46am May 14, 2012 6:46am
Quoting Balhana
Shorted GA @1.6108 with a SL @ 1.6130.

Got out at BE+2 because it looks like a bull-flag is forming....
Attached Image (click to enlarge)
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  • #1,604
  • May 14, 2012 7:44am May 14, 2012 7:44am
UJ long at 79.80 with a SL at 79.69.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 30M Long (1).jpg Size: 193 KB
  • #1,605
  • May 14, 2012 9:41am May 14, 2012 9:41am
Quoting Balhana
UJ long at 79.80 with a SL at 79.69.
Lowered SL to 79.60 and added two more lots at 79.70, now 4 lots in total.
  • #1,606
  • May 14, 2012 10:13am May 14, 2012 10:13am
Quoting Balhana
Lowered SL to 79.60 and added two more lots at 79.70, now 4 lots in total.
The first entry was very poor. Why changed my plan? Picture paints a thousand words. Hope it will work out.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 30M Long (2).jpg Size: 250 KB
  • #1,607
  • May 14, 2012 3:44pm May 14, 2012 3:44pm
I wasn't around much today (rarely am on Monday's) so only one trade I'd had my eye on all morning, pretty simple setup, short based on the FTB @ the SD zone.

Was really looking for a move down to the source of the demand but what with all the risk aversion around it couldn't make it past the FLS.
Attached Image (click to enlarge)
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  • #1,608
  • May 14, 2012 5:43pm May 14, 2012 5:43pm
Quoting Balhana
The first entry was very poor. Why changed my plan? Picture paints a thousand words. Hope it will work out.
Closed 3/4 at 78.85 and moved SL to BE.

Going to the office where I can't check my trade....
Attached Image (click to enlarge)
Click to Enlarge Name: US 30M Long (3).jpg Size: 227 KB
  • #1,609
  • May 15, 2012 4:35am May 15, 2012 4:35am
Quoting Balhana
Closed 3/4 at 78.85 and moved SL to BE.

Going to the office where I can't check my trade....
Closed the remainder at 79.94 So 5+5+15+24 = +49 pips in total.
Attached Image (click to enlarge)
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  • #1,610
  • May 15, 2012 4:55am May 15, 2012 4:55am
Quoting Balhana
Closed the remainder at 79.94 So 5+5+15+24 = +49 pips in total.
Well managed and some nice patience!
  • #1,611
  • May 15, 2012 7:17am May 15, 2012 7:17am
Watching EU closely... Daily support (1.2814) + QM + 15M demand

It is very similar to the UJ trade I took yesterday.

I took two shorts on EG at 0.8010 for a scalp and closed 1/2 at 0.8003. TP2 is 0.7996. SL to BE+1.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15M Long (1).jpg Size: 119 KB
  • #1,612
  • May 15, 2012 7:24am May 15, 2012 7:24am
Quoting Balhana
Watching EU closely... Daily support (1.2814) + QM + 15M demand

It is very similar to the UJ trade I took yesterday.

I took two shorts on EG at 0.8010 for a scalp and closed 1/2 at 0.8003. TP2 is 0.7996. SL to BE+1.

EUR/GBP 1M Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EG 1M Scalp (1).jpg Size: 118 KB
  • #1,613
  • May 15, 2012 7:45am May 15, 2012 7:45am
Quoting Balhana
EUR/GBP 1M Chart
Closed the remainder of the EG trdae at 0.7999, +18 pips in total.

Took one long at 1.2840 on EU and might add more based on PA.
  • #1,614
  • May 15, 2012 7:59am May 15, 2012 7:59am
Quoting Balhana
Closed the remainder of the EG trdae at 0.7999, +18 pips in total.

Took one long at 1.2840 on EU and might add more based on PA.

Stopped out at 1.2820 (-20 pips).
  • #1,615
  • May 15, 2012 9:40am May 15, 2012 9:40am
Unlucky on EU, I liked the analysis - I find it hard to spot QM's in real-time...the Greece news did for that trade!

I took a loss on EG short earlier, was playing it on the 1HR TF rather than lower based on FTB to SR + Fib - didn't like how it was moving, lack of reaction at the SR and the close above on the H1 so cut it...now look at it lol.
  • #1,616
  • May 15, 2012 9:55am May 15, 2012 9:55am
Quoting lovejoy80
Unlucky on EU, I liked the analysis - I find it hard to spot QM's in real-time...the Greece news did for that trade!

I took a loss on EG short earlier, was playing it on the 1HR TF rather than lower based on FTB to SR + Fib - didn't like how it was moving, lack of reaction at the SR and the close above on the H1 so cut it...now look at it lol.
Good afternoon LJ, I also traded the E/G today, posted the trade on another forum, thought I post it here also for educational purposes. My entry was a 20m-PB @ 1H-supply. My first target was BRN 8000, 2nd target minor demand just below and final target @ 7965
Attached Image(s) (click to enlarge)
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Pipcrawler
  • #1,617
  • May 15, 2012 10:15am May 15, 2012 10:15am
Quoting lovejoy80
Unlucky on EU, I liked the analysis - I find it hard to spot QM's in real-time...the Greece news did for that trade!

I took a loss on EG short earlier, was playing it on the 1HR TF rather than lower based on FTB to SR + Fib - didn't like how it was moving, lack of reaction at the SR and the close above on the H1 so cut it...now look at it lol.
Just unlucky due to the sudden Greece news...

Right after the loss on EU, I took 1min quickie on UJ. I think it is one of your favorite setups. But just 10 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Scalp.jpg Size: 103 KB
  • #1,618
  • May 15, 2012 10:24am May 15, 2012 10:24am
Quoting xmzhang
Good afternoon LJ, I also traded the E/G today, posted the trade on another forum, thought I post it here also for educational purposes. My entry was a 20m-PB @ 1H-supply. My first target was BRN 8000, 2nd target minor demand just below and final target @ 7965
As posted the above, I also traded the same setup on EG but my entry was based on 1M chart. Take a look at the chart just for fun.
Attached Image (click to enlarge)
Click to Enlarge Name: EG 1M.jpg Size: 111 KB
  • #1,619
  • May 15, 2012 10:45am May 15, 2012 10:45am
Possible short, now watching lower tfs for short....
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  • #1,620
  • May 16, 2012 5:16am May 16, 2012 5:16am
Took longs at 1.2700 on EU (Daily Close + QM + 5M Demand)

It is also similar to the EU setup that failed yesterday because of the Greece news.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5M 01.jpg Size: 165 KB
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