PA by Julexo | Page 48 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: PA by Julexo
Exit Attachments

PA by Julexo

  • #941
  • Jun 2, 2012 1:12am Jun 2, 2012 1:12am
Quoting needtolearn
Hello, I am learning very much from this thread but I still have one problem i.e
How to identify bull or bear trap when they are happening or have already happened? Thanks.
it"s impossible be all time right...first of all tight sl... and look 3:1 tg...in long run results you will c positive....
  • #942
  • Jun 2, 2012 3:37am Jun 2, 2012 3:37am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
Quoting needtolearn
Hello, I am learning very much from this thread but I still have one problem i.e
How to identify bull or bear trap when they are happening or have already happened? Thanks.
For me to identify bull or bear trap i usually use volume analysis "low volume with price push too far= trap {price under or on top of S/R S/D}" when it is happening, and after it is happen you can see on your chart candle analysis "long wick = hammer = shooting star etc..."

It is how i know, hope it is helpful

Gil
  • #943
  • Jun 2, 2012 2:59pm Jun 2, 2012 2:59pm
@Julexo thanks @gil thanks. I don't know much about VSA though.
  • #944
  • Jun 4, 2012 5:52pm Jun 4, 2012 5:52pm
another hard week in front waiting...so busy with charts...
  • #945
  • Jun 4, 2012 8:48pm Jun 4, 2012 8:48pm
Quoting Julexo
another hard week in front waiting...so busy with charts...
Yeah. This week doesn't feel like it is going to be the best . Previous week was very good with clear levels.

a trade entered which doesn't feel too good right now : D
Attached Image (click to enlarge)
Click to Enlarge Name: as.gif Size: 22 KB
  • #946
  • Jun 5, 2012 3:10am Jun 5, 2012 3:10am
Quoting needtolearn
Yeah. This week doesn't feel like it is going to be the best . Previous week was very good with clear levels.

a trade entered which doesn't feel too good right now : D
nice job needtolearn, I hope you didn't quit early as it went down about 100pips...

by the way, I call it a day now as I have achieved my target at this early hour of the day. I think soon I will need to find some hobbies to fill up my day...

good luck to all...
ismail...
Attached Image (click to enlarge)
Click to Enlarge Name: eu_050612_1.png Size: 30 KB
  • #947
  • Jun 5, 2012 3:32am Jun 5, 2012 3:32am
Quoting isengoz
nice job needtolearn, I hope you didn't quit early as it went down about 100pips...

by the way, I call it a day now as I have achieved my target at this early hour of the day. I think soon I will need to find some hobbies to fill up my day...

good luck to all...
ismail...
I closed half position in 34 pips and let other position run .
  • #948
  • Jun 5, 2012 9:56pm Jun 5, 2012 9:56pm
Hello fellow traders,

Just returned from a few days R&R (deep sea fishing). Hope everyone had a good weekend.

Lets see what happens with this trade.

Happy Trades,
fxstir
Attached Image (click to enlarge)
Click to Enlarge Name: 060512 audusd h1.gif Size: 20 KB
  • #949
  • Jun 6, 2012 12:17am Jun 6, 2012 12:17am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
Quoting fxstir
Hello fellow traders,

Just returned from a few days R&R (deep sea fishing). Hope everyone had a good weekend.

Lets see what happens with this trade.

Happy Trades,
fxstir
Was a bit too risky IMO, the only sign which could have make me trade this is that it is standing in a pivot zone.
There is a bunch of S/D zone sitting just on the top and not sure they are all consumed.

Gil
  • #950
  • Jun 6, 2012 12:23am Jun 6, 2012 12:23am
It is a bit risky. Another thing that I see is AUD GDP came in better than expected. London may like this and which may help consume the levels I see on the 4Hr.

Respectfully,
fxstir
  • #951
  • Edited 1:52am Jun 6, 2012 12:49am | Edited 1:52am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
Quoting fxstir
It is a bit risky. Another thing that I see is AUD GDP came in better than expected. London may like this and which may help consume the levels I see on the 4Hr.

Respectfully,
fxstir
Don't know if it is going to be push higher GBP, so AUD might go up. My reason is
"UK Banks Sitting On £40 Bln Of Undeclared Losses…

RBS apparently is the biggest culprit according to the PIRC shareholder advisory group. The bank has £18bln in undeclared losses which could effectively force the 82% state owned bank to seek another rescue from the taxpayers… more from the UK’s Daily Telegraph"
Forexlive source

Edit: disregard this post, too early in the morning my eyes are not open (GDP) GBP???(smoke too much)
  • #952
  • Jun 6, 2012 1:59am Jun 6, 2012 1:59am
Sorry,

I stepped away for a bit.

No worries gil. Always good to hear from you and others in this thread. Banks are a mess and I wonder if we will really know to what extent.

Happy Trades,
fxstir
  • #953
  • Jun 6, 2012 2:12am Jun 6, 2012 2:12am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
You should be still good in your trade if you did not BE.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.jpg Size: 99 KB
  • #954
  • Jun 6, 2012 2:18am Jun 6, 2012 2:18am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
Quoting fxstir

No worries gil. Always good to hear from you and others in this thread.
Happy Trades,
fxstir
It is up to us if we do want to make this threat live, we do have to post to make it attractive, don't be afraid people "The only stupid question is the one we don't ask [post]"

peace people
  • #955
  • Edited 2:55am Jun 6, 2012 2:42am | Edited 2:55am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
Quick in and out position
Reasons: counter trend big round number

EDIT:did not work that well
PS to myself no counter trend (well known but...stupid from me)
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.jpg Size: 97 KB
  • #956
  • Jun 6, 2012 2:59am Jun 6, 2012 2:59am
Quoting gil
You should be still good in your trade if you did not BE.
Thank you gil,

My trade is small. I like to take a nibble and watch the price action when it enters a zone. That last bull candle on the 4Hr is nothing to sneeze at and I'm waiting for the closure of the current candle. In addition I see that, while I've been away, Light Sweet Crude, Gold and Silver all ran into demand levels and the USD index ran into supply. And just as I am writing this, surprise, surprise, the USD:CAD is dropping into a zone. Let's see what she does. Unfortunately, I am running out of gas. It was a long trip home and I need to get some sleep.

Happy Trades,
fxstir
  • #957
  • Jun 6, 2012 4:07am Jun 6, 2012 4:07am
Didn't have time to post any of the longs this morning so couple of larger TF short entries triggered like this aussie yen... same as usual scalp a few entries in one account and in another account entries to leave alone to run as they will.

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy_h1_short_1_entry.gif Size: 15 KB


Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: audjpy_1_short_m10_1.png Size: 31 KB
  • #958
  • Jun 6, 2012 12:17pm Jun 6, 2012 12:17pm
With all the risk on/short covering going on I went with what the market wanted to do and just scalped away on TL breaks... (sorry didn't have time to post since the 1st entry, busy busy)

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy_1_short_m10_scalps.gif Size: 15 KB
  • #959
  • Jun 6, 2012 3:02pm Jun 6, 2012 3:02pm
Quoting xologeis
With all the risk on/short covering going on I went with what the market wanted to do and just scalped away on TL breaks... (sorry didn't have time to post since the 1st entry, busy busy)

Attachment
good job!

Happy Trades,
fxstir
  • #960
  • Jun 6, 2012 11:41pm Jun 6, 2012 11:41pm
Nice employment numbers for the AUD.

Employment Change
Actual: 38.9K Forecast: -2.2K Previous 7.0K

Happy Trades,
fxstir
24 traders viewing now