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  • #2,181
  • Jun 21, 2012 5:48am Jun 21, 2012 5:48am
Quoting Balhana
Sold UJ at 79.91 for a scalp. SL at 79.97
I was watching the same area but too aggressive a trade for me.

I'm currently long Bund from 140.51 based on M15 QM in a daily demand zone - targeting a move back up to the 141 supply area.
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  • #2,182
  • Jun 21, 2012 6:21am Jun 21, 2012 6:21am
Quoting lovejoy80
I was watching the same area but too aggressive a trade for me.

I'm currently long Bund from 140.51 based on M15 QM in a daily demand zone - targeting a move back up to the 141 supply area.

Yes, it was too aggressive. Stopped out for -6 pips.
  • #2,183
  • Jun 21, 2012 6:34am Jun 21, 2012 6:34am
Quoting lovejoy80
I was watching the same area but too aggressive a trade for me.

I'm currently long Bund from 140.51 based on M15 QM in a daily demand zone - targeting a move back up to the 141 supply area.
Took 2/3 profit before my TP area, why, because of the struggle to break the M5 supply - had an M5 FB which can also be seen as a M1 liquidity spike. I exited after the 2nd bearish M1 bar (140.84) - with the multiple attempts at that supply price should have pushed through so was getting cautious when it couldn't and the M1/M5 picture confirmed that price was likely to roll over from here.

Watching the reaction at current demand to determine what to do with my remaining 1/3.
Attached Image(s) (click to enlarge)
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  • #2,184
  • Jun 21, 2012 6:38am Jun 21, 2012 6:38am
Also closed U/J trade @ BE, I anticipated a bulltrap, entered via a 15m-PB, after my entry price made a bullflag, which now seems to have broken to the upside
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Pipcrawler
  • #2,185
  • Jun 21, 2012 6:42am Jun 21, 2012 6:42am
I'am still long on cable, entry 5m-PB at the base of bullflag.
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Pipcrawler
  • #2,186
  • Jun 21, 2012 6:46am Jun 21, 2012 6:46am
A beautifull setup at E/J, which I missed, bullflag into demand,
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Pipcrawler
  • #2,187
  • Jun 21, 2012 6:50am Jun 21, 2012 6:50am
Quoting xmzhang
I'am still long on cable, entry 5m-PB at the base of bullflag.
Stopped remaining position @ BE+5
Pipcrawler
  • #2,188
  • Jun 21, 2012 7:06am Jun 21, 2012 7:06am
Quoting xmzhang
Also closed U/J trade @ BE, I anticipated a bulltrap, entered via a 15m-PB, after my entry price made a bullflag, which now seems to have broken to the upside
I passed on that M15 pin because there was not a bull trap there. It looked too much like it could be supply consumption i.e. there was too much uncertainty, if it was a clear bull trap I would have taken it.
  • #2,189
  • Jun 21, 2012 7:07am Jun 21, 2012 7:07am
Quoting xmzhang
I'am still long on cable, entry 5m-PB at the base of bullflag.
Nice trade, I was too busy with Bund but someone in my trading room also took the same trade.
  • #2,190
  • Jun 21, 2012 7:18am Jun 21, 2012 7:18am
Sold NU at 0.7992
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  • #2,191
  • Jun 21, 2012 8:25am Jun 21, 2012 8:25am
Bought E/J, bullflag at a S/D swap
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Pipcrawler
  • #2,192
  • Jun 21, 2012 8:44am Jun 21, 2012 8:44am
Quoting xmzhang
Bought E/J, bullflag at a S/D swap
closed manually for -5
Pipcrawler
  • #2,193
  • Jun 21, 2012 9:08am Jun 21, 2012 9:08am
Quoting Balhana
Sold NU at 0.7992
Closed 1/2 at 0.7965 for +27 pips and moved SL to 0.7990. It took much longer than expected due to Unemploymen Claims...

Actually I wanted to close all near BE many times...
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  • #2,194
  • Jun 21, 2012 9:27am Jun 21, 2012 9:27am
Quoting Balhana
Closed 1/2 at 0.7965 for +27 pips and moved SL to 0.7990. It took much longer than expected due to Unemploymen Claims...

Actually I wanted to close all near BE many times...
Moved SL to 0.7975.... When to close???
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  • #2,195
  • Jun 21, 2012 10:49am Jun 21, 2012 10:49am
Quoting Balhana
Moved SL to 0.7975.... When to close???
Closed the remainder at 1.7915 for +77 pips (+104 pips in total).
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  • #2,196
  • Jun 21, 2012 12:08pm Jun 21, 2012 12:08pm
Quoting Balhana
Closed the remainder at 1.7915 for +77 pips (+104 pips in total).
Very nice trade!
  • #2,197
  • Jun 21, 2012 12:20pm Jun 21, 2012 12:20pm
Quoting lovejoy80
Took 2/3 profit before my TP area, why, because of the struggle to break the M5 supply - had an M5 FB which can also be seen as a M1 liquidity spike. I exited after the 2nd bearish M1 bar (140.84) - with the multiple attempts at that supply price should have pushed through so was getting cautious when it couldn't and the M1/M5 picture confirmed that price was likely to roll over from here.

Watching the reaction at current demand to determine what to do with my remaining 1/3.
Closed final 1/3 @ 141.51 for a +1.52R total win.

Reason I closed was due to price hitting the clear resistance and with Dow and S&P hitting clear daily support levels after an extended run down today.
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  • #2,198
  • Jun 21, 2012 12:42pm Jun 21, 2012 12:42pm
Took a Silver long based on FTB @ an SD zone, it triggered just prior to the US data so wasn't planning on holding for long plus the HTF's certainly looked bearish. In the end my trade manager messed up and took some profit ahead of the FLR. It wasn't brilliant %R to the FLR but it was eventually hit - the setup itself made the trade a worthy one despite the less than ideal %R.
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  • #2,199
  • Jun 21, 2012 12:47pm Jun 21, 2012 12:47pm
I took a long on CJ based on FTB to H1 SR. I wanted to see if could get above the FLR, so when price closed below on H1 I took 50% profit, moved SL to below the bar low and was stopped out for a net BE.
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  • #2,200
  • Jun 21, 2012 1:01pm Jun 21, 2012 1:01pm
Final trade of the day, long ENZD based on a sellers trap of a big daily level.

Closed the trade at the FLR. It is forming a daily pin, but it has 10 hours until the daily close and price is fighting a decent down trend i.e. a daily pin wouldn't necessarily be a great sign price is likely to breakout of this channel IMO. I'd rather bank profit and either a) look at H4, H1 for signs of a breakout of the channel or wait for the breakout and trade the FTB.

I also did have orders in place for a short on SGDJPY, Long - CAC40, UJ, DAX30, GU but have cancelled them all as out for the evening so will re-assess tomorrow.
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