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  • #1,941
  • Jun 5, 2012 9:04am Jun 5, 2012 9:04am
Quoting Balhana
I don't know yet if it will be a winner or not. Look at the AU 15M chart.


EDIT: demand (not "supply" on the chart)

I should have taken two longs.... Moved SL to BE+1
Attached Image (click to enlarge)
Click to Enlarge Name: AU 5M (3).jpg Size: 200 KB
  • #1,942
  • Jun 5, 2012 9:08am Jun 5, 2012 9:08am
Quoting Balhana
Placed stop buy orders at 1.5350 on GU, which was triggered while having dinner. Hit TP1 at 1.5370 and moved SL to BE+1. TP2 @ 1.5390
Closed the remainder at 1.5385 (+55 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5M (2).jpg Size: 160 KB
  • #1,943
  • Jun 5, 2012 9:26am Jun 5, 2012 9:26am
Quoting Balhana
I should have taken two longs.... Moved SL to BE+1
Moved SL to 0.9740 (BE+8).
Attached Image (click to enlarge)
Click to Enlarge Name: AU 5M (4).jpg Size: 154 KB
  • #1,944
  • Jun 5, 2012 9:38am Jun 5, 2012 9:38am
Quoting Balhana
Moved SL to 0.9740 (BE+8).
Stopped out at 0.9740 (BE+8).

Should have taken two longs... If I had taken a partial profit of about 20 pips, I could have loosed my SL.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 5M (5).jpg Size: 164 KB
  • #1,945
  • Jun 5, 2012 10:13am Jun 5, 2012 10:13am
Quoting xmzhang
I use IG-index (uk), their spreads are quite competitive I should say, fiber 0.8 pip, cable 1.0 pip, E/J 1.7 pip and ozzie 0.8 pip
IG Index look good to me. Start at 50p per point, spreads are ok, similar if not better than Oanda, limit orders allowed, charting not so good however. Probably carry on with Oanda just for the charts.
  • #1,946
  • Jun 5, 2012 10:19am Jun 5, 2012 10:19am
Quoting Balhana
Closed the remainder at 1.5385 (+55 pips in total).
Balhana,
Hindsight is great, this is a trade I would never see in real time. Same goes for your QM trade.
How many pairs do you follow, if you don't mind me asking?
  • #1,947
  • Edited 11:08am Jun 5, 2012 10:50am | Edited 11:08am
Quoting ak45
Balhana,
Hindsight is great, this is a trade I would never see in real time. Same goes for your QM trade.
How many pairs do you follow, if you don't mind me asking?
About 20 pairs.

I try to post my trades real-time; when I make them, when I change something in the management of them, and when I close them. Why? Just for me!! It helps me read price action more objectively, I think.

EDIT: My English is not that good. What do you mean by "Hindsight is great"?
  • #1,948
  • Jun 5, 2012 10:51am Jun 5, 2012 10:51am
Quoting ak45
IG Index look good to me. Start at 50p per point, spreads are ok, similar if not better than Oanda, limit orders allowed, charting not so good however. Probably carry on with Oanda just for the charts.
As a reference I quickly plugged in their average spreads stated on their website into my spreadsheet. They seem to be good for some of the majors, but like most SB firms the spreads on crosses are awful (it's why most spread betters only trader the majors).
Attached Image
  • #1,949
  • Jun 5, 2012 11:19am Jun 5, 2012 11:19am
Shorted EA at 1.2790, SL @ 1.2805.
Attached Image (click to enlarge)
Click to Enlarge Name: EA 5M 01.jpg Size: 101 KB
  • #1,950
  • Jun 5, 2012 1:43pm Jun 5, 2012 1:43pm
Quoting Balhana
Shorted EA at 1.2790, SL @ 1.2805.
Closed2/2 at 1.2780 for +20 pips. It is 3:40 am in my country....
Attached Image (click to enlarge)
Click to Enlarge Name: EA 5M 02.jpg Size: 161 KB
  • #1,951
  • Jun 5, 2012 2:00pm Jun 5, 2012 2:00pm
Quoting Balhana
Closed2/2 at 1.2780 for +20 pips. It is 3:40 am in my country....
Damn it! I closed it too early!! Someone must be watching my computer screen!!
Attached Image (click to enlarge)
Click to Enlarge Name: EA 5M 03.jpg Size: 124 KB
  • #1,952
  • Jun 5, 2012 4:34pm Jun 5, 2012 4:34pm
Quoting Balhana
About 20 pairs.

EDIT: My English is not that good. What do you mean by "Hindsight is great"?
Just that I can see the reasoning behind taking trades, afterwards, when it's too late. I don't seem to be able to see some chart patterns in real time, particularly QM setups.
Need to get better!
  • #1,953
  • Jun 6, 2012 12:58am Jun 6, 2012 12:58am
Bought EA @ 1.2692 three hours ago. Still hovering near entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA 4H.jpg Size: 228 KB
Click to Enlarge Name: EA 15M (1).jpg Size: 85 KB
  • #1,954
  • Jun 6, 2012 1:09am Jun 6, 2012 1:09am
Quoting Balhana
Bought EA @ 1.2692 three hours ago. Still hovering near entry.
I was just about to post to say the compression and bear flag worked out very well.

I'll be waiting to potentially short where your long TP is.
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  • #1,955
  • Jun 6, 2012 1:33am Jun 6, 2012 1:33am
Quoting lovejoy80
I was just about to post to say the compression and bear flag worked out very well.

I'll be waiting to potentially short where your long TP is.
That's why I shorted EA yesterday, but my trade management was very poor.

Hope we will meet at my long TP. But down the lift up the stairs...
Attached Image (click to enlarge)
Click to Enlarge Name: EA 15M (2).jpg Size: 227 KB
  • #1,956
  • Jun 6, 2012 1:34am Jun 6, 2012 1:34am
Just an example of compression for people.

Compression is not a very well known price action tool - but it's one of the most powerful techniques out there - why, because it's a leading indication of what price is going to do next and where it should go to i.e. it allows you to get in at the source of the move.
Attached Image (click to enlarge)
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  • #1,957
  • Jun 6, 2012 2:01am Jun 6, 2012 2:01am
Some setups and key areas I'm watching on the crosses at the moment (i.e. non USD / JPY majors) and the Dow.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dow.gif Size: 15 KB
Click to Enlarge Name: eaud-m30.gif Size: 21 KB
Click to Enlarge Name: sgdjpy.gif Size: 20 KB
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Click to Enlarge Name: enzd-30m.gif Size: 28 KB
  • #1,958
  • Jun 6, 2012 2:09am Jun 6, 2012 2:09am
Quoting Balhana
That's why I shorted EA yesterday, but my trade management was very poor.

Hope we will meet at my long TP. But down the lift up the stairs...
As expected, the small clusters on the left are obstructing my way....
Attached Image (click to enlarge)
Click to Enlarge Name: EA 15M (3).jpg Size: 238 KB
  • #1,959
  • Jun 6, 2012 2:15am Jun 6, 2012 2:15am
If I were not in the EA trade, I would short either EU or AU at QM.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15M.jpg Size: 71 KB
  • #1,960
  • Jun 6, 2012 2:23am Jun 6, 2012 2:23am
Quoting Balhana
If I were not in the EA trade, I would short either EU or AU at QM.
Ha, I know someone that is.
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