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It's Really All About Consistency...

  • #221
  • Jun 14, 2012 5:48am Jun 14, 2012 5:48am
no ft ,the market ,it beat you
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  • #222
  • Jun 14, 2012 6:05am Jun 14, 2012 6:05am
gbp usd h4 ,

I have said there could be bearish set up on $ ,it is possible without doubt that the H4 is real ,but does it make sense
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 underside 3.gif Size: 17 KB
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  • #223
  • Jun 14, 2012 6:39am Jun 14, 2012 6:39am
same chart on h1 ,real battle here
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h1 underside 5.gif Size: 19 KB
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  • #224
  • Jun 14, 2012 6:50am Jun 14, 2012 6:50am
usd lfx ,I failed to say 3 soldiers ,but its only h1 ,I practise h1 only
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h1 break.gif Size: 21 KB
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  • #225
  • Jun 14, 2012 7:02am Jun 14, 2012 7:02am
now ,h4 ideally long wick to north

I don't dare say where price wont go at all as long as it stays within parameters of bears I feel bearish ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h1 underside 56.gif Size: 20 KB
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  • #226
  • Jun 14, 2012 7:12am Jun 14, 2012 7:12am
Quoting Bones
equity curve
will you marry me ?
  • #227
  • Jun 14, 2012 7:24am Jun 14, 2012 7:24am
lol ooo are you a lady ??

Im single ,with baggage (4 little ones they live with me )
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  • #228
  • Jun 14, 2012 7:42am Jun 14, 2012 7:42am
sorry boddy im male but just love your charts and your market view (and single 4 child ? you have got all my RESPECT !! take care)
  • #229
  • Jun 14, 2012 8:09am Jun 14, 2012 8:09am
yes ,4 children ,1 business (building),5 employees ,1 full time nanny

tho if this trade comes off bye bye busness if not bye bye 30 k

cable now at my extreme
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  • #230
  • Jun 14, 2012 9:52am Jun 14, 2012 9:52am
OK ,just trying to show the ,weight I'm putting on that break below tl ,could potentially mean ,zoomed view ,I note messy up trend against ,nice down ,something to think about ,

If it blasts out up ,I'm thinking good long ,if it blasts down we could talk runner to 1.5 which is my target in line with last very bearish monthly


I admit on im on edge of seat ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 14-6 zoomed.gif Size: 20 KB
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  • #231
  • Jun 14, 2012 9:53am Jun 14, 2012 9:53am
you could easy say that up trend = continuation pattern
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  • #232
  • Jun 15, 2012 2:02am Jun 15, 2012 2:02am
I'm looking to get long AUD/USD around 9970, with a 30-40ish pip stop.

also, short gbp/jpy at 122.90, and 123.25.

also, short eur/jpy at 99.90

I'm already short EUR/USD from around 1.2637...and plan to hold at least until 2585-90...

Also, i'm short gbp/usd from around 1.5545. this was showing weakness last night, thought i ended up selling the bottom... however, the move back up above the trendline was weak, and it actually just was riding in a triangle formation. Once I saw a false breakout that retreated back in the triangle creating a bearish pinbar, that was my que to get short.

With impending GBP stimulus on it's way, and the outlook that is dawning on the markets that seem to point out regardless of the greece vote...there will be real problems on the horizon... it seems a gbp/usd short was pretty simple in this case.

Also, i've made some changes recently to my trading plan... as I find what works and what doesn't, it's a work in progress....psychologically speaking.
  • #233
  • Jun 15, 2012 2:11am Jun 15, 2012 2:11am
Quoting forextraderx
I'm looking to get long AUD/USD around 9970, with a 30-40ish pip stop.

also, short gbp/jpy at 122.90, and 123.25.

also, short eur/jpy at 99.90

I'm already short EUR/USD from around 1.2637...and plan to hold at least until 2585-90...

Also, i'm short gbp/usd from around 1.5545. this was showing weakness last night, thought i ended up selling the bottom... however, the move back up above the trendline was weak, and it actually just was riding in a triangle formation. Once I saw a false breakout that retreated back in the triangle creating a bearish...

What are the reason for those trades? technical/sentimental? care to share?
Failure is a feedback. Learn from it.
  • #234
  • Jun 15, 2012 2:17am Jun 15, 2012 2:17am
here's a pic showing part of the technical reasons that I got short:
Attached Image (click to enlarge)
Click to Enlarge Name: GU-short june 15th 2012.jpg Size: 148 KB
  • #235
  • Jun 15, 2012 2:30am Jun 15, 2012 2:30am
well... here's a pic of the EUR/USD short...
Attached Image (click to enlarge)
Click to Enlarge Name: EU june 15th short.jpg Size: 102 KB
  • #236
  • Jun 15, 2012 2:36am Jun 15, 2012 2:36am
I like a short on gbp/aud around 1.5480...it's a 1 min "spike base" type of pattern. 30 pip stop, and i'm gonna be targeting about 50 pips (if i can get the entry.)

also, gbp/usd at 1.5530 for a short, 30 pip stop, 90 pip target should be pretty easy given the magnitude and velocity of that selloff
  • #237
  • Jun 15, 2012 2:43am Jun 15, 2012 2:43am
A quick short on gbp/usd at 1.5505 with a 20 pip stop, 25+ pip target should be a nice trade...
  • #238
  • Jun 15, 2012 2:51am Jun 15, 2012 2:51am
I know you're seeing a lot of trades that seem like good opportunities, but where is your restraint? I thought after a losing day you would scale back to 2 trades only or something along those lines, yet your blotter shows you're in 5?

This ends badly either way:
-You come out ahead, then this negatively reinforces that straying from your rules is profitable. You've made financial capital, but lost psychological capital - your psyche has beaten the rules you sought to impose to restrain it.
-You come out behind, then you take the financial and psychological hits of a loss and straying from your rules.

Consistency in performance begins with consistency in approach. After all it's really all about consistency isn't it?

Regards,
xXTrizzleXx
  • #239
  • Jun 15, 2012 2:51am Jun 15, 2012 2:51am
Hmm...we might see GBP/USD restest the lows now that it came to about 1.55045...
  • #240
  • Jun 15, 2012 2:55am Jun 15, 2012 2:55am
Quoting xXTrizzleXx
I know you're seeing a lot of trades that seem like good opportunities, but where is your restraint? I thought after a losing day you would scale back to 2 trades only or something along those lines, yet your blotter shows you're in 5?

This ends badly either way:
-You come out ahead, then this negatively reinforces that straying from your rules is profitable. You've made financial capital, but lost psychological capital - your psyche has beaten the rules you sought to impose to restrain it.
-You come out behind, then you take the financial and...
You know Trizzle... you bring up a good point, and one I will address over the next couple of days. There are some aspects of the plan as I have been revising since yesterday. I will be better able to give an overview at that time. Thanks for the post tho, will post more as I am able to.
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