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  • #2,481
  • Jul 16, 2012 6:03am Jul 16, 2012 6:03am
[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....
I might as well and look at how the planets are aligned - it would provide me with just as much useful information!

Yes it was after the M5 bar close.
  • #2,482
  • Jul 16, 2012 6:06am Jul 16, 2012 6:06am
Missed the Silver and Gold FTB setups below.
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  • #2,483
  • Jul 16, 2012 6:09am Jul 16, 2012 6:09am
Quoting Balhana
Closed 1/2 at 1.2217 for +30 pips and moved SL to BE+1.
I didn't 'see' the EU trap but did see the NU trap which gave me confidence to hold the EU.

Closed all of my EU at target...prematurely in retrospect.
Attached Image (click to enlarge)
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  • #2,484
  • Jul 16, 2012 6:28am Jul 16, 2012 6:28am
Quoting lovejoy80
I didn't 'see' the EU trap but did see the NU trap which gave me confidence to hold the EU.

Closed all of my EU at target...prematurely in retrospect.

Moved SL to 1.2225.
Attached Image (click to enlarge)
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  • #2,485
  • Jul 16, 2012 6:42am Jul 16, 2012 6:42am
QM-setup EJ, looking for bullish PA @ demand
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Pipcrawler
  • #2,486
  • Jul 16, 2012 6:54am Jul 16, 2012 6:54am
Quoting Balhana
Moved SL to 1.2225.
The remainder got stopped out at 1.2225 for +40 pips (+70 pips in total). Looks like my SL was too tight.
Attached Image (click to enlarge)
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  • #2,487
  • Jul 16, 2012 7:25am Jul 16, 2012 7:25am
Quoting xmzhang
QM-setup EJ, looking for bullish PA @ demand
Bought EJ, via 5m-PB
Attached Image (click to enlarge)
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Pipcrawler
  • #2,488
  • Jul 16, 2012 7:45am Jul 16, 2012 7:45am
Quoting xmzhang
Bought EJ, via 5m-PB
took some off the table for my own comfort
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Pipcrawler
  • #2,489
  • Jul 16, 2012 8:39am Jul 16, 2012 8:39am
Bought UJ at 78.75 and 78.80
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  • #2,490
  • Jul 16, 2012 10:27am Jul 16, 2012 10:27am
Quoting Balhana
Bought UJ at 78.75 and 78.80
I don't like the pace... Closed the higher entry at BE+3, moved SL to BE+1, and set TP at 79.20. Calling it a day....
  • #2,491
  • Jul 16, 2012 11:11pm Jul 16, 2012 11:11pm
Quoting Balhana
I don't like the pace... Closed the higher entry at BE+3, moved SL to BE+1, and set TP at 79.20. Calling it a day....
Closed at 78.95 for +20 pips.
Attached Image (click to enlarge)
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  • #2,492
  • Jul 17, 2012 2:57am Jul 17, 2012 2:57am
Sold EU at 1.2298
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  • #2,493
  • Jul 17, 2012 3:54am Jul 17, 2012 3:54am
Took a short on AUD/CAD at 1.0443
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  • #2,494
  • Jul 17, 2012 4:10am Jul 17, 2012 4:10am
Quoting Balhana
Sold EU at 1.2298
Closed 1/2 at 1.2282 for +16 pips.
Attached Image (click to enlarge)
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  • #2,495
  • Jul 17, 2012 4:23am Jul 17, 2012 4:23am
Quoting Balhana
Closed 1/2 at 1.2282 for +16 pips.
Nice - there was clear compression on the M15 (which of course gave the best 'value' entry).

I shorted ECAD buyers trap earlier (only on demo, as internet will be on and off all day due to work being done at the local exchange so not taking the risk with live trades today).

Be careful with the BOC rate statement coming up - watch those spreads and whipsaws!
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  • #2,496
  • Jul 17, 2012 4:33am Jul 17, 2012 4:33am
Quoting lovejoy80
Be careful with the BOC rate statement coming up - watch those spreads and whipsaws!
Yes, I just cut the AUD/CAD trade with a tiny profit (+5 pips).
  • #2,497
  • Jul 17, 2012 4:33am Jul 17, 2012 4:33am
This one triggered overnight so not one I was able to catch but working out nicely so far.
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  • #2,498
  • Jul 17, 2012 6:39am Jul 17, 2012 6:39am
Quoting Balhana
Closed 1/2 at 1.2282 for +16 pips.
Seem fully compressed on the 5M but still trying to rise at the moment....
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  • #2,499
  • Jul 17, 2012 7:12am Jul 17, 2012 7:12am
Quoting Balhana
Seem fully compressed on the 5M but still trying to rise at the moment....
Closed rest at 1.2230 for +68 pips (+84 pips in total).
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  • #2,500
  • Jul 17, 2012 7:19am Jul 17, 2012 7:19am
Quoting Balhana
Yes, I just cut the AUD/CAD trade with a tiny profit (+5 pips).
Would have hit TP if I had not cut it.....
Attached Image (click to enlarge)
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