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Trading Forex only 4 hours a day... Not more than that

  • #41
  • Jul 6, 2012 10:30pm Jul 6, 2012 10:30pm
Second place in funniest pair goes to AUD-NZD

Reason:You can check previous posts...

This pair on Monday took heavy retrace and i thought this will hit s/l but it couldn't retrace to that extend...Neither it moved up Nor it moved down...
It was in a range of 100 pips for entire week...At last it closed at open of the weekly candle...

Hope it moves up this week....I will try to add legs this week too...
Attached Image (click to enlarge)
Click to Enlarge Name: daily-chart(7-jul-12).gif Size: 20 KB
I am a hunter...i kill both bulls and bears...
  • #42
  • Jul 7, 2012 1:58am Jul 7, 2012 1:58am
This is getting interesting. You have a very nice system and from what I have seen, it is profitable. I had a long trade on Eu/AU which I entered on Monday and it hit my tp on thursday for 250pips. Yes if you get into a trend, pips are asured. I will be following your thread and with time I might open a seperate acc to try your method.
  • #43
  • Jul 7, 2012 2:22am Jul 7, 2012 2:22am
Quoting johNal
This is getting interesting. You have a very nice system and from what I have seen, it is profitable. I had a long trade on Eu/AU which I entered on Monday and it hit my tp on thursday for 250pips. Yes if you get into a trend, pips are asured. I will be following your thread and with time I might open a seperate acc to try your method.
Hi johNal

Nice to see you on this thread... Feel free to post your long term analysis and trades here...

We can discuss if you are interested...

Cheers
Prakash
I am a hunter...i kill both bulls and bears...
  • #44
  • Jul 7, 2012 6:06am Jul 7, 2012 6:06am
Quoting oathbreaker
As usual i started establishing legs on Monday morning.This pair started going heavily down without any retrace.I added my first leg after 8 hours it was +60 pips and moved my leg to b/e.Then, i opened another leg by placing s/l at entry of first leg.Guess what these legs both legs died during retrace.This happened for entire week.I tried around 14 legs and all died at b/e or with small loss...
hi oathbreaker,

I've been following your trade record since you started this thread, and you are doing a good job. congrats on your achievement...

regarding gbpnzd pair, I checked it after your post and my thought from supply and demand point of view is that the pair might have entered into a retracement period as it had reached to a (relatively) strong demand level. I drew the levels below and above. so, I think you'd better be careful adding more short legs until it clears out of the zone below, or start to think of creating some long legs. just my 2 cents...

keep up the good work and good luck...
Attached Image (click to enlarge)
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  • #45
  • Jul 7, 2012 6:20am Jul 7, 2012 6:20am
Quoting oathbreaker
Hope it moves up this week....I will try to add legs this week too...
and my thoughts on audnzd... levels you should be careful about on daily and weekly charts. you seem to be on the right track by adding longs by the way, you could have started adding positions earlier if you had analyzed the pair on daily basis according the S&D method. surely it's easy to talk after what had happened
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audnzd_daily.png Size: 23 KB
  • #46
  • Jul 7, 2012 9:32pm Jul 7, 2012 9:32pm
Quoting isengoz
regarding gbpnzd pair, I checked it after your post and my thought from supply and demand point of view is that the pair might have entered into a retracement period as it had reached to a (relatively) strong demand level. I drew the levels below and above. so, I think you'd better be careful adding more short legs until it clears out of the zone below, or start to think of creating some long legs. just my 2 cents...
Hi isengoz

That's a good analysis on the pair....Now there might be some retrace...I will keep it in my head...but 5/10 erma in daily time frame is showing strong down and i will add short postion on monday...if it retrace and hit my s/l then i will wait until price bounce back 50% of previous weekly down bar...if not i will stop adding any down position...i have 2 legs on this pair which are already +600 pips....i expected retrace last week but it didn't happen....will wait this week...
I am a hunter...i kill both bulls and bears...
  • #47
  • Jul 7, 2012 10:09pm Jul 7, 2012 10:09pm
Quoting isengoz
and my thoughts on audnzd... levels you should be careful about on daily and weekly charts. you seem to be on the right track by adding longs by the way, you could have started adding positions earlier if you had analyzed the pair on daily basis according the S&D method. surely it's easy to talk after what had happened
Hmmm...audnzd...I could have added my positions last week but i need a confirmation to go long.So,i waited one more week to get the confirmation.
I am a hunter...i kill both bulls and bears...
  • #48
  • Jul 8, 2012 10:22am Jul 8, 2012 10:22am
Hi Guys...

These week attack will be on Euro.It is making record low against any pair.
I made a mistake by not adding positions on any Eur pair.They were trending down similar to Gbp pairs...But i missed most of all Eur pairs...I know was Lazzy...

1 month earlier Eur was around 1.30 when it started falling.I knew it was falling but i thought EU will control the rate.But,after a month i understood that there was no EU at all...It's time to collapse...I don't think we can estimate the depth of this black hole except to trade it down until we meet the bottom..if there is any....

This week most of the pairs are trending down...i will trade most of positions against Eur and Gbp.CHF is the only currency which is strong among European Nations.

In the next post,i will post my pairs which i will be trading...
I am a hunter...i kill both bulls and bears...
  • #49
  • Jul 8, 2012 11:22am Jul 8, 2012 11:22am
Quoting oathbreaker
Hi Guys...

These week attack will be on Euro.It is making record low against any pair.
I made a mistake by not adding positions on any Eur pair.They were trending down similar to Gbp pairs...But i missed most of all Eur pairs...I know was Lazzy...

1 month earlier Eur was around 1.30 when it started falling.I knew it was falling but i thought EU will control the rate.But,after a month i understood that there was no EU at all...It's time to collapse...I don't think we can estimate the depth of this black hole except to trade it down until...
Not doubting your eur, gu calls at all, looking to sell them also. EUR and GU close to key potential SR levels which may cause some bounce.

Very interested in your methods.

Regards
Attached Image(s) (click to enlarge)
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  • #50
  • Jul 8, 2012 12:04pm Jul 8, 2012 12:04pm
Quoting oathbreaker
These week attack will be on Euro...
hi oathbreaker,

euro zone is in trouble, and this is not a secret anymore. on friday, we have breached this year's low, so falling more wouldn't surprise me. as far as I see, next demand level on daily basis is between 1.2065 and 1.2075. however, I think the big boys need to collect some buyers' money before letting the pair go more down and there are many sell orders that are not fulfilled above, so a retracement can be expected on monday. you can see my supply levels on h1 chart. these may be good and low risk entry points

good luck...
ismail...
Attached Image (click to enlarge)
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  • #51
  • Jul 8, 2012 12:17pm Jul 8, 2012 12:17pm
Quoting Vantage
Not doubting your eur, gu calls at all, looking to sell them also. EUR and GU close to key potential SR levels which may cause some bounce.

Very interested in your methods.

Regards
Hi Vantage...

Thanks for your comments...All Eur pairs are down...I hope this only stop when all countries in EU say that they will work together rather than saying we will go apart...

Last week there was big down candle on weekly of all Eur pairs...
This week i will anticipate for following scenario's
1)Price might retrace to 50% of previous weekly down candle
2)price will fall without any retrace...

Even Gbp/Jpy,Eur/Jpy are falling down...

I will have my position on five pairs by tomorrow....

Thanks for your analysis...i will post my charts 2morow...its already late here...

Regards
I am a hunter...i kill both bulls and bears...
  • #52
  • Jul 8, 2012 12:21pm Jul 8, 2012 12:21pm
Quoting isengoz
hi oathbreaker,

euro zone is in trouble, and this is not a secret anymore. on friday, we have breached this year's low, so falling more wouldn't surprise me. as far as I see, next demand level on daily basis is between 1.2065 and 1.2075. however, I think the big boys need to collect some buyers' money before letting the pair go more down and there are many sell orders that are not fulfilled above, so a retracement can be expected on monday. you can see my supply levels on h1 chart. these may be good and low risk entry points

good luck...
ismail...
Hi ismail...

Nice charts can you hold on to your positions for one month...with out touching them...

Please,post the pairs which you will trade this week...I will post my pairs 2morow..we will see after a week what are our losses and profit...

Is it okay with you?

I will post my charts 2morow...Thank you...

Regards
I am a hunter...i kill both bulls and bears...
  • #53
  • Jul 8, 2012 12:48pm Jul 8, 2012 12:48pm
Quoting oathbreaker
Hi ismail...

Nice charts can you hold on to your positions for one month...with out touching them...

Please,post the pairs which you will trade this week...I will post my pairs 2morow..we will see after a week what are our losses and profit...

Is it okay with you?

I will post my charts 2morow...Thank you...

Regards
unfortunately I won't be able to accept your challenge invitation I'm still trading with microlots, and trying to survive each day to fight for another. I feel like I'm getting better everyday with this S&D trading. when I reach to a certain point, i.e. trading with mini lots, I think of letting some portion of my positions longer to create small legs, however at the moment it is not possible.

by the way, I only trade eurusd, and my day job is not suitable to run multiple pairs or demo accounts. but, I will try to be helpful with my charts during the week, as I feel that analysing like this makes my vision about pairs better.

good luck...
ismail...
  • #54
  • Jul 8, 2012 1:03pm Jul 8, 2012 1:03pm
subscribed
  • #55
  • Jul 8, 2012 6:29pm Jul 8, 2012 6:29pm
Quoting isengoz
unfortunately I won't be able to accept your challenge invitation I'm still trading with microlots, and trying to survive each day to fight for another. I feel like I'm getting better everyday with this S&D trading. when I reach to a certain point, i.e. trading with mini lots, I think of letting some portion of my positions longer to create small legs, however at the moment it is not possible.

by the way, I only trade eurusd, and my day job is not suitable to run multiple pairs or demo accounts. but, I will try to be helpful with my charts...
All right Pal...Your wish...Happy pippin....
I am a hunter...i kill both bulls and bears...
  • #56
  • Jul 12, 2012 10:40am Jul 12, 2012 10:40am
Hi Oathbreaker,
Looks like markets took a reverse today. How are your trades? Last week I let my postion on the Eu/Aud close. If only I had been trading your way I would have trippled my taking from it if not even more. I had reopened three legs on it but one has hit sl. I am now left with one leg. Hopefully the trend will resume and allow me to add legs bse as long as the Eur continues to fall, Eur crosses will maintain their trends just as you have predicred.

Good trading!
  • #57
  • Last Post: Jan 27, 2013 9:30am Jan 27, 2013 9:30am
Hi oathbreaker, how are your trades going recently?
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