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  • #2,461
  • Jul 13, 2012 6:57am Jul 13, 2012 6:57am
Any news on pound? It soared while I was hesitating to buy GBP/CAD based on daily RBR and 15M 2BR....
  • #2,462
  • Jul 13, 2012 7:10am Jul 13, 2012 7:10am
Quoting Balhana
Any news on pound? It soared while I was hesitating to buy GBP/CAD based on daily RBR and 15M 2BR....
There was some news earlier, but looks like a lot of selling in EG though - EG flows can affect GU/EU significantly at times.
  • #2,463
  • Jul 13, 2012 8:02am Jul 13, 2012 8:02am
Quoting lovejoy80
There was some news earlier, but looks like a lot of selling in EG though - EG flows can affect GU/EU significantly at times.
Thanks a lot, LJ!

Moved SL to BE+1.
Attached Image (click to enlarge)
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  • #2,464
  • Jul 13, 2012 8:37am Jul 13, 2012 8:37am
Quoting Balhana
Thanks a lot, LJ!

Moved SL to BE+1.
Stopped out at BE+1.
Attached Image (click to enlarge)
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  • #2,465
  • Jul 13, 2012 9:30am Jul 13, 2012 9:30am
sold fiber, bulltrap setup
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Pipcrawler
  • #2,466
  • Jul 13, 2012 10:30am Jul 13, 2012 10:30am
Sold AJ at 80.92
Attached Image (click to enlarge)
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  • #2,467
  • Jul 13, 2012 10:58am Jul 13, 2012 10:58am
Quoting Balhana
Sold AJ at 80.92
Maybe got in too early. I normally get in after price comes back into channel.... It is late Friday. Need to cut it with small profits?
Attached Image (click to enlarge)
Click to Enlarge Name: AJ 15M 02.jpg Size: 71 KB
  • #2,468
  • Jul 13, 2012 11:12am Jul 13, 2012 11:12am
Quoting Balhana
Maybe got in too early. I normally get in after price comes back into channel.... It is late Friday. Need to cut it with small profits?
Cut the trade at BE and calling it a day.
  • #2,469
  • Jul 13, 2012 12:03pm Jul 13, 2012 12:03pm
This is very good article from another trader whom i dont follow though..but worth a read.

http://www.learntotradethemarket.com...ed-to-know-now
  • #2,470
  • Jul 13, 2012 1:55pm Jul 13, 2012 1:55pm
Quoting AvanishDemo
This is very good article from another trader whom i dont follow though..but worth a read.

http://www.learntotradethemarket.com...ed-to-know-now
For him it is surprisingly good, a bit long winded as usual but on the whole it's a good article.

I don't agree with this statement though "The reasons why so many people have trouble making consistent money in the markets can essentially be boiled down to the fact that they simply expect too much".

From my experiences of trading and mentoring I wouldn't say this is true and I don't think the reason people have trouble consistently making money can be 'boiled down' to one statement.
  • #2,471
  • Jul 15, 2012 5:27pm Jul 15, 2012 5:27pm
Quoting lovejoy80
For him it is surprisingly good, a bit long winded as usual but on the whole it's a good article...
"Author Bio: Nial Fuller is considered a leading ‘Authority’ on Price Action Forex trading strategies."

Interesting self proclamation ...
  • #2,472
  • Jul 15, 2012 5:33pm Jul 15, 2012 5:33pm
Quoting 5.25
"Author Bio: Nial Fuller is considered a leading ‘Authority’ on Price Action Forex trading strategies."

Interesting self proclamation ...
  • #2,473
  • Edited 2:45am Jul 16, 2012 12:22am | Edited 2:45am
Nothing like a 2.4R winner to start the week....(and not it's not a gap trade!)
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  • #2,474
  • Jul 16, 2012 2:49am Jul 16, 2012 2:49am
Second trade of the day, FTB on GJ at the SR zone (zoomed into refine entry and SL). Entry @ 122.82 (inc. spread) , SL @ 122.65. Was targeting 123.05 but price stalled at the supply are at 96 so took a chunk of profit there and then when 90's couldn't hold it was time to bail on the rest.
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  • #2,475
  • Jul 16, 2012 5:24am Jul 16, 2012 5:24am
Bought EU at 1.2185 and 1.2187
Attached Image (click to enlarge)
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  • #2,476
  • Jul 16, 2012 6:41am Jul 16, 2012 6:41am
My 3rd trade off the day (maybe I should slow down after all we should all be picky in our entries right lol)....I was actually looking at the M1 chart but the M5 picture displays it more clearly.

Back in GJ again, simple sellers trap after hitting clear lower demand. Market didn't look like it wanted to buy risk and so it proved so had to scale out near the FLR.
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  • #2,477
  • Jul 16, 2012 6:42am Jul 16, 2012 6:42am
Quoting Balhana
Bought EU at 1.2185 and 1.2187
I'm on on this too, slightly higher entry but tighter stop...same reasoning.
  • #2,478
  • Jul 16, 2012 7:16am Jul 16, 2012 7:16am
[quote=lovejoy80;5844367]My 3rd trade off the day (maybe I should slow down after all we should all be picky in our entries right lol)....quote]

Nice trade, but did you ask yourself:

a) is it going against a strong up move?
b) is the market ranging or trending?
c) is the size of the bar relative to nearby bars?

... just kidding.

I'm assuming your entry was at the close of the 5m PB and not the red dashed line on your 3rd chart?

I envy your trading Sir

Looking forward to the day I can escape this rat race. Thanks for sharing.
  • #2,479
  • Jul 16, 2012 7:48am Jul 16, 2012 7:48am
Quoting Balhana
Bought EU at 1.2185 and 1.2187
Closed 1/2 at 1.2217 for +30 pips and moved SL to BE+1.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15m 02.jpg Size: 95 KB
  • #2,480
  • Jul 16, 2012 7:54am Jul 16, 2012 7:54am
[quote=5.25;5844465]
Quoting lovejoy80
My 3rd trade off the day (maybe I should slow down after all we should all be picky in our entries right lol)....quote]

Nice trade, but did you ask yourself:

a) is it going against a strong up move?
b) is the market ranging or trending?
c) is the size of the bar relative to nearby bars?

... just kidding.

I'm assuming your entry was at the close of the 5m PB and not the red dashed line on your 3rd chart?

I envy your trading Sir

Looking forward to the day I can escape this rat race. Thanks for...
"Looking forward to the day I can escape this rat race." SO DO I!!!
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