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  • #2,401
  • Jul 10, 2012 7:00am Jul 10, 2012 7:00am
Quoting xmzhang
Bought E/J - beartrap setup
Closed for just a tiny profit
Pipcrawler
  • #2,402
  • Jul 10, 2012 7:09am Jul 10, 2012 7:09am
Fok, missed E/U bulltrap setup, was too focussed with the E/J beartrap, in hindsight should've taken the E/U setup which was with the downtrend the E/J setup was countertrend ....................
Attached Image (click to enlarge)
Click to Enlarge Name: xmz0.jpg Size: 144 KB
Pipcrawler
  • #2,403
  • Jul 10, 2012 7:15am Jul 10, 2012 7:15am
Quoting xmzhang
@#%^& closed @ BE
Hey there , nice charts

I'm curious, why move to BE so quickly? I'm still short from 1.2430 based on the D1 chart.

I traded the EURJPY 4H bear trap from this morning, all out now.

Sorry I can't post charts, I've got myself a day job
  • #2,404
  • Jul 10, 2012 7:22am Jul 10, 2012 7:22am
Quoting 5.25
Hey there , nice charts

I'm curious, why move to BE so quickly? I'm still short from 1.2430 based on the D1 chart.

I traded the EURJPY 4H bear trap from this morning, all out now.

Sorry I can't post charts, I've got myself a day job
Yep, was a stupid action from me to move my SL, but I had to go away for my job at that time, normally I wouldn't have done that, but there will be much more oppertunities
Pipcrawler
  • #2,405
  • Jul 10, 2012 7:23am Jul 10, 2012 7:23am
Quoting xmzhang
Fok, missed E/U bulltrap setup, was too focussed with the E/J beartrap, in hindsight should've taken the E/U setup which was with the downtrend the E/J setup was countertrend ....................
There was nothing wrong with the EJ setup - in fact I reckon it was a great spot!

The better EU trap was from higher up (opposite to the UCHF trade I posted earlier which I still have a partial long position in).
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #2,406
  • Jul 10, 2012 7:29am Jul 10, 2012 7:29am
Quoting xmzhang
Yep, was a stupid action from me to move my SL, but I had to go away for my job at that time, normally I wouldn't have done that, but there will be much more oppertunities
I've been in that position myself. I liked the EURUSD spot, would have been a nice R:R. AUDUSD still tanking

Awesome thread
  • #2,407
  • Jul 10, 2012 7:31am Jul 10, 2012 7:31am
Quoting Balhana
Closed 1/2 at 123.43 for +23 pips.
The remainder got stopped out at BE+1.
  • #2,408
  • Jul 10, 2012 7:32am Jul 10, 2012 7:32am
Quoting xmzhang
Fok, missed E/U bulltrap setup, was too focussed with the E/J beartrap, in hindsight should've taken the E/U setup which was with the downtrend the E/J setup was countertrend ....................
Also on the HTF there was a E/U bulltrap setup, it makes me that I went for the E/J setup instead of the E/U setup
Attached Image (click to enlarge)
Click to Enlarge Name: xmz0.jpg Size: 174 KB
Pipcrawler
  • #2,409
  • Jul 10, 2012 7:34am Jul 10, 2012 7:34am
Quoting lovejoy80
There was nothing wrong with the EJ setup - in fact I reckon it was a great spot!

The better EU trap was from higher up (opposite to the UCHF trade I posted earlier which I still have a partial long position in).
LOL, didn't see you post that one, looks like we are in sync
Pipcrawler
  • #2,410
  • Jul 10, 2012 8:42am Jul 10, 2012 8:42am
Quoting Balhana
Bought GU at 1.5525
Added one more at 1.5500 (QM level & BRN) and closed 2/3 at 1.5540 for +55 pips (+40 and +15).
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H 02.jpg Size: 77 KB
  • #2,411
  • Jul 10, 2012 9:15am Jul 10, 2012 9:15am
Quoting Balhana
Added one more at 1.5500 (QM level & BRN) and closed 2/3 at 1.5540 for +55 pips (+40 and +15).
The remainder got stopped out at 1.5510 for -15 pips (+40 pips in total).
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H 03.jpg Size: 77 KB
  • #2,412
  • Jul 10, 2012 9:17am Jul 10, 2012 9:17am
Quoting lovejoy80
I didn't take the GJ long or AU short, didn't perceive there to be enough value to the FLR/S.

There were definitely some nice traps this morning on the Yens if you could have gotten in early.

I'm currently long UCHF - based on chart below (15min close above the SR)...I'm sure you all know why by now.

Same setup on EU of course and USDx 'spiked' it's demand zone too.
Took 2R profit on this, Should have got a better entry but saw it too late and then the retrace below 0.9775 was enough for me to exit the last position (was expecting it to hold ideally).

Orders to short Dax and S&P now cancelled for time being as price came close before dropping.

Sideways market today as expected ahead of FOMC tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf trade.gif Size: 29 KB
  • #2,413
  • Jul 10, 2012 4:45pm Jul 10, 2012 4:45pm
Quoting xmzhang
Also on the HTF there was a E/U bulltrap setup, it makes me that I went for the E/J setup instead of the E/U setup
Notice that today's setup was a replica of one from last week...
Attached Image (click to enlarge)
Click to Enlarge Name: EU M15.jpg Size: 100 KB
  • #2,414
  • Jul 10, 2012 4:58pm Jul 10, 2012 4:58pm
Quoting lovejoy80
Notice that today's setup was a replica of one from last week...
yep, some traders never learn, once bitten twice shy doesn't apply to them
Pipcrawler
  • #2,415
  • Jul 10, 2012 5:07pm Jul 10, 2012 5:07pm
UCAD - daily BUOB, breakout of H4 SR, M5 RBR for the FTB trade. Let's see if can get another 20+ R winner on this pair

H4 and M5 charts shown below.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 30 KB
  • #2,416
  • Jul 10, 2012 6:12pm Jul 10, 2012 6:12pm
Quoting lovejoy80
Notice that today's setup was a replica of one from last week...
Speaking of repetition. Interesting BEOB printed on GoldEuro, D1 chart.

Good day today, zero draw down on that AUDUSD short.
Attached Image (click to enlarge)
Click to Enlarge Name: 369_goldeuro d1.jpg Size: 76 KB
  • #2,417
  • Jul 11, 2012 1:18am Jul 11, 2012 1:18am
Quoting lovejoy80
UCAD - daily BUOB, breakout of H4 SR, M5 RBR for the FTB trade. Let's see if can get another 20+ R winner on this pair

H4 and M5 charts shown below.

Price hit the RBR for an FTB trade overnight.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 20 KB
  • #2,418
  • Jul 11, 2012 1:20am Jul 11, 2012 1:20am
Quoting 5.25
Speaking of repetition. Interesting BEOB printed on GoldEuro, D1 chart.

Good day today, zero draw down on that AUDUSD short.
Nice one on AU.

Yes, nice daily picture. Silver and Gold (versus USD) also have similar interesting patterns that I'm watching closely.
  • #2,419
  • Jul 11, 2012 4:42am Jul 11, 2012 4:42am
Looks risky but sold AU at 1.0260 with a tight stop.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 1H 01.jpg Size: 79 KB
  • #2,420
  • Jul 11, 2012 4:53am Jul 11, 2012 4:53am
Quoting Balhana
Looks risky but sold AU at 1.0260 with a tight stop.
Me too, took some profit at 45's and watching the rest, USD bears been strong this morning.
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