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Fail Better

  • #3,821
  • Jun 21, 2012 4:51pm Jun 21, 2012 4:51pm
Quoting nymeria
Looking at retests of GBP/USD 1.56 and USD/JPY 79.78
I'm with you on both of these - see my previous post about GBP/USD and I also have an order in to buy USD/JPY at 79.76
  • #3,822
  • Jun 21, 2012 8:08pm Jun 21, 2012 8:08pm
Quoting BadgerMatt
I'm with you on both of these - see my previous post about GBP/USD and I also have an order in to buy USD/JPY at 79.76
Great job on the entry for GBP/USD, BadgerMatt. Barely a drawdown for you.
  • #3,823
  • Jun 22, 2012 1:15am Jun 22, 2012 1:15am
Quoting BadgerMatt
Not for me as it's second time back for me (I took the first time back last Friday - the red arrow marks my entry). I sometimes consider second time back trades if it SFPs the first retest, but in this case it was a very minor swing so I'll pass.
Thanks Matt, good reason.

Nice GBP trade target hit.
  • #3,824
  • Jun 22, 2012 1:21am Jun 22, 2012 1:21am
shorted usdjpy @ 80.49, TP 79.81, SL 80.66
WARNING: Don't follow me as I'm just learning
  • #3,825
  • Jun 22, 2012 1:48am Jun 22, 2012 1:48am
Thanks guys. Yes, I'm pleased with the cable trade. I took 0.7R (which admittedly isn't amazing, but it's enough) with only 4 pips drawdown.
  • #3,826
  • Jun 22, 2012 1:56am Jun 22, 2012 1:56am
some touches
Attached Image (click to enlarge)
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  • #3,827
  • Jun 22, 2012 4:01am Jun 22, 2012 4:01am
http://i1084.photobucket.com/albums/...PY22062012.jpg
  • #3,828
  • Jun 22, 2012 4:21am Jun 22, 2012 4:21am
Really pleased with some of the trades I'm seeing on this thread. Keep up the good work guys. Will be back posting again shortly but I can see the thread is in good hands in the meantime :-)
  • #3,829
  • Jun 23, 2012 10:24am Jun 23, 2012 10:24am
silver and usd/jpy SFP
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Click to Enlarge Name: fx01 23.20 Saturday, June 23, 2012.jpg Size: 114 KB
  • #3,830
  • Jun 24, 2012 2:37am Jun 24, 2012 2:37am
1000th post = what I'm watching week of 24-June...

Cheers FB, gl this week.
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  • #3,831
  • Jun 24, 2012 5:59am Jun 24, 2012 5:59am
Quoting sam0182
1000th post = what I'm watching week of 24-June...

Cheers FB, gl this week.
sam, thanks for posting your charts.

i have a question: for example uj looks pretty good for a entry. how you take the entry when price move back to the level? do you also take care about the correlation to eu ??
regards,
as
  • #3,832
  • Jun 24, 2012 8:23am Jun 24, 2012 8:23am
Does anyone here know how much Tom's live trading room subscription costs? E-mailed him a while back but never got a reply.
  • #3,833
  • Jun 24, 2012 9:13am Jun 24, 2012 9:13am
Quoting nymeria
Does anyone here know how much Tom's live trading room subscription costs? E-mailed him a while back but never got a reply.
here you can check it: http://www.trader-dante.com/
  • #3,834
  • Jun 24, 2012 11:59am Jun 24, 2012 11:59am
Quoting astock
sam, thanks for posting your charts.

i have a question: for example uj looks pretty good for a entry. how you take the entry when price move back to the level? do you also take care about the correlation to eu ??
regards,
as
I attempt to watch the market as price comes to my level and will place a limit as I'm watching. With levels I see as very strong, I'll sometimes put an order in long before (UJ for example). 79.84 would probably be my entry with UJ.

Not too concerned with UJ & EU correlation for this level.
  • #3,835
  • Jun 24, 2012 3:31pm Jun 24, 2012 3:31pm
It's early but keep an eye on UCAD & EU gaps
  • #3,836
  • Jun 24, 2012 5:02pm Jun 24, 2012 5:02pm
Hi Sam

Are you only looking for 1h bounces off the daily(or 4h) levels, with no 1h levels involved?

Thanks

Adam
WARNING: Don't follow me as I'm just learning
  • #3,837
  • Jun 24, 2012 7:02pm Jun 24, 2012 7:02pm
Quoting adam777
Hi Sam

Are you only looking for 1h bounces off the daily(or 4h) levels, with no 1h levels involved?

Thanks

Adam
Umm...if I can't see the level on a 4hr chart, I'm likely not interested.

Not to say they don't work, they do, 1hr bounces can be great. However, I choose to focus on the setups I can spot on higher tf. (4hr-daily). In my experience, these have a better hit ratio. Maybe I just suck trading 1hr bounces though

Decent hit ratio = confidence = holding trades = winning.
  • #3,838
  • Jun 24, 2012 7:02pm Jun 24, 2012 7:02pm
What levels are we all watching going into the week?
  • #3,839
  • Jun 25, 2012 2:46am Jun 25, 2012 2:46am
Usd/jpy 79.74 b/r

eur/usd 1.2442 b/r & eur/usd 1.2746 sfp

usd/cad 1.03 b/r

usd/chf .9650 b/r & usd/chf .9420 sfp
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  • #3,840
  • Jun 25, 2012 4:39am Jun 25, 2012 4:39am
hey guys,
iam new to this thread and trying to catch up as fast as possible.

u probably have watched the eur/jpy chart lately. what reason is there behind the recent short breakout? am i right in the assumption that there is a level around 100.364? isnt the price "supposed" to go up after the RRT that happend just before?

i think there is another level in eur/gbp at 0.80234. how would you approach this? do you go short as soon as the level is broken or do you wait for the RRT to happen and then go short? when do you consider a level to be "properly broken"?

thanks in advance!
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