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S/D Zones, risk ratio = 3

  • #161
  • Aug 5, 2012 4:23pm Aug 5, 2012 4:23pm
Two charts this evening.

On the 1h chart my next levels are 1.2392 and 1.2326.
Above the 1.2392, there is the 1.2405 from the move up during Draghi's speech. Then from 5th July I have some levels above the 1.2405 the next big one is probably 1.25 and some minors like 1.2412, 1.2431 and 1.2450.

Below 1.2342 and 1.2326 but there are many levels between 1.232-1.234 so I'm a bit confused.
I won't trade the Asian session. See you tomorrow before London session.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd 1h 2012.08.06 bis.png Size: 70 KB
  • #162
  • Aug 6, 2012 1:47am Aug 6, 2012 1:47am
Quoting landre
Two charts this evening.

On the 1h chart my next levels are 1.2392 and 1.2326.
Above the 1.2392, there is the 1.2405 from the move up during Draghi's speech. Then from 5th July I have some levels above the 1.2405 the next big one is probably 1.25 and some minors like 1.2412, 1.2431 and 1.2450.

Below 1.2342 and 1.2326 but there are many levels between 1.232-1.234 so I'm a bit confused.
I won't trade the Asian session. See you tomorrow before London session.
During the Asian, there was a test of the 1.243-50 zone.
1.2392 doesn't look available, it's more about 1.2387 now. Low from Asian session, it has been broken this morning.
Below 1.2367 (72) is the next one and then around 1.2345 and finally 1.232x.
I took a short on the EURUSD this morning after the break of 1.2387. I opened this one during the retest @1.2385
EURUSD
Sell @1.2385
TP : I don't know exactly at least 1.2367, let's see what London is going to do.
SL @1.2398 (above the high from this morning)
Attached Image (click to enlarge)
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  • #163
  • Aug 6, 2012 2:46am Aug 6, 2012 2:46am
Quoting landre
During the Asian, there was a test of the 1.243-50 zone.
1.2392 doesn't look available, it's more about 1.2387 now. Low from Asian session, it has been broken this morning.
Below 1.2367 (72) is the next one and then around 1.2345 and finally 1.232x.
I took a short on the EURUSD this morning after the break of 1.2387. I opened this one during the retest @1.2385
EURUSD
Sell @1.2385
TP : I don't know exactly at least 1.2367, let's see what London is going to do.
SL @1.2398 (above the high from...
Closed at 1.2362 : +23 pips.
It looks like I won't get my 1.234x at least for the moment.
1.2372 looks like an important level today, let's see if it holds as a demand level.
  • #164
  • Aug 6, 2012 3:01am Aug 6, 2012 3:01am
I took a long here
EURUSD
Buy @1.2359
SL 1.2348 (below the previous low of today)
TP 1.2390 : there is the 1.2372 zone before if we get there I will probably move my SL to BE
  • #165
  • Aug 6, 2012 3:18am Aug 6, 2012 3:18am
Quoting landre
I took a long here
EURUSD
Buy @1.2359
SL 1.2348 (below the previous low of today)
TP 1.2390 : there is the 1.2372 zone before if we get there I will probably move my SL to BE
SL hit -15 pips (finally closed at 1.2344)
  • #166
  • Aug 6, 2012 4:01am Aug 6, 2012 4:01am
Quoting landre
Not exactly but there are close to Brittany .

I would like to trade for living but well I still have to learn many things.

This is an interesting document but well I would not trade a system with a 12-20 pips TP and a 30 pips SL. I mean the same one with a 10 pips SL is doable I think. I don't know the SL used by DayBoy.

Last friday, I got a pretty rough time with 4 losers : 4 shorts whereas the trend was up and it was NFP friday. I have already experienced this kind of losing friday afternoon but I still have to learn..

EURUSD
Sell...
I've read much of the ebooks you kindly provided - but need to read them a few times before all this is clear - it's a very new concept for me. Supply and Demand is easy to understand but translating that into practical trading is not easy.

On my own system I have a high success rate - usually above 70% but I am losing but of the SL hit when I lose.

Good Luck for today
Nil Desperandum Illegitimi Carborundum
  • #167
  • Aug 6, 2012 3:32pm Aug 6, 2012 3:32pm
Other trades of the day.

After the first loss of this morning, I re-entered in a long position but the entry was not good and my SL got hit :
Buy @1.2364 SL : 1.2352 => -12 pips

Then again another long..
Buy @1.2358 closed at 1.2412 => +54 pips nice running one but I could have won some more and mainly I have two losers this morning because I was too impatient to go long..at least I had the "good feeling"..

This evening I went short after the test of the 1.2390
Sell @1.2400 SL : 1.2414 => -14 pips

Today : +23,-14,-12,+54,-14 = 37 pips a bit disappointing.
  • #168
  • Aug 6, 2012 4:22pm Aug 6, 2012 4:22pm
Hi Landre - you may want to take a look at this thread - it is Ichimoku but it is a simple system and appears to be very very good.

http://www.forexfactory.com/showthread.php?t=221777
Nil Desperandum Illegitimi Carborundum
  • #169
  • Edited 8:48am Aug 8, 2012 6:54am | Edited 8:48am
Hello guys,

Yesterday was a bad day because I did not take my profit..

I got a first loss the morning, I was short -13 pips then I went long but I did not take my profit at 1.243x-4x (long from 1.2405)..in the evening I got stopped out -11 pips.. and then last lost during the evening -14 pips.

-38 pips for yesterday.

Today is better at least for the moment : I went short during before London opening at 1.2387, I closed it at 1.2370 +17 pips. And then I took another short during the wave up at 1.2384 and closed it at 1.2367 +17 pips. Maybe I have closed the last short too early but well I have yesterday in mind..
  • #170
  • Aug 8, 2012 10:32am Aug 8, 2012 10:32am
Last trade, I bought EURUSD @1.2334 TP 1.2368 reached : +34 pips

+17,+17,+34 = +68 today good one but I'm still missing some pips on my second trade, my entry was really good @1.2384 but I was scared to keep this trade so I closed it too early. In fact my initial TP was 1.2340 but after the bounce on the 1.235x I got scared and closed the trade and then it went down to 1.2330...well anyway the last one was better, I have been more patient.

So here there are some important levels : 1.2367 from this morning 1.2377 (from the last two days and this morning). In fact, now we are back in the range of this morning..below we have 1.2347 and then 1.2327. Above all the 1.2385-1.2405 is a bit confusing and then 1.2417, 1.2440.
  • #171
  • Aug 9, 2012 1:29am Aug 9, 2012 1:29am
Quote
So here there are some important levels : 1.2367 from this morning 1.2377 (from the last two days and this morning). In fact, now we are back in the range of this morning..below we have 1.2347 and then 1.2327. Above all the 1.2385-1.2405 is a bit confusing and then 1.2417, 1.2440.

Yesterday we have a retracement to the 1.2347 then a test of the 1.2385.

EURUSD is currently testing the 1.2377 and below still the 1.2365, in fact it's the same situation as yesterday morning, it will break but be cautious with false break like yesterday (pop up to 1.239x then big move down).
Levels are still the same ones mentioned in the previous post.
Attached Image (click to enlarge)
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  • #172
  • Aug 10, 2012 1:32am Aug 10, 2012 1:32am
Argh I had bad day yesterday, I have been buying the pair at all demand levels and that was not really a good idea...
-16, -15 and -16 : -47 pips .

So this week I got:
37 pips
-38 pips
+68
-47
=> 20 pips.

Today, I'm not sure about the levels:

I would say 1.2285 below, 1.2305, 1.232x-30 above.
  • #173
  • Aug 13, 2012 10:37am Aug 13, 2012 10:37am
Hello,

No trades for me on friday I was too busy. So last week:
+20 pips (5 winners - 9 losers) :
This trading journal started 6 weeks ago :
http://www.forexfactory.com/showthre...76#post5803776
Small profit : +173 pips. At the beginning I was trading many pairs at the same time but I am not really able to do that and I think that there are enough opportunities on the EURUSD pair to succeed so I prefer focusing on one pair.

Today : +40 pips (long from this morning at 1.2375 closed at 1.2305, it looks like I missed a lot of pips..
The obvious supply level is currently 1.2338 then I have one at 1.2321, above 1.2377 (from last week)

See you tomorrow with a chart.
  • #174
  • Aug 14, 2012 1:36am Aug 14, 2012 1:36am
Quoting landre
The obvious supply level is currently 1.2338 then I have one at 1.2321, above 1.2377 (from last week)
Finally broken, I set a pending order at 1.2325 missed by 1 pip..

We are testing the yesterday's high, it could be extended to the 1.2377-85 level.
It's too late to buy and I don't want to go short now just before London Open we could see a pop up.

So 2 pending orders :
Sell @1.2386 (top of my demand level) SL 1.2398 TP 1.2350 (
Buy @1.2346 SL 1.2336 (below the 1.2338) TP 1.2385 (at least)

There are some important news today with the German ZEW at 10 am.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.08.14.png Size: 61 KB
  • #175
  • Aug 14, 2012 7:01am Aug 14, 2012 7:01am
Quoting landre
So 2 pending orders :
Sell @1.2386 (top of my demand level) SL 1.2398 TP 1.2350
Buy @1.2346 SL 1.2336 (below the 1.2338) TP 1.2385 (at least)

There are some important news today with the German ZEW at 10 am.
First Pending order missed by 2 pips (spread..).
Second one triggered. Bad news from Euro Zone so that won't be easy to get back to the 1.2385 but well let's see what it's going on the afternoon.
  • #176
  • Edited 7:08am Aug 21, 2012 1:43am | Edited 7:08am
Hello guys,

I haven't been posting for a while, trades of last week :

Monday : +40 (1 winner)
Thursday : +18 (1 winner 2 losers)
Wednesday : + 45 (1 winner)
Thurdsay : - 35 (2 losers)
Friday : - 45 ( 3 losers)

So bad week : +23 pips (3 winners - 7 losers)

Yesterday, I lost some (I bought at 1.234 and 1.232..) : - 35 pips
Today, I'm in a long from 1.2338 (bought yesterday)
SL @BE
TP 1.2440

We have been stuck in a range for one week : 1.228-1.238. We are currently testing the 1.2377, I will close my trade if there is a big rejection here.
The stock markets are behaving pretty well (not far from the all time high), the bonds rates are alight until the next statement..
I would not short at this time even if we are at a supply level, I mean a short @1.2385 with SL 12 pips could be a nice one but I don't fee it...I hope London will show us the move of today.

No charts because nothing new from last week, the levels are pretty clear : 1.244,1.2377-85,1.229x,1.226x.
  • #177
  • Edited 7:08am Aug 21, 2012 2:51am | Edited 7:08am
Quoting landre

Buy @1.2338
SL @BE
TP 1.2440
SL moved to 1.237

Quoting landre
I would not short at this time even if we are at a supply level, I mean a short @1.2385 with SL 12 pips could be a nice one but I don't fee it...I hope London will show us the move of today.
Nice "feeling"...

Quoting landre
The levels are pretty clear : 1.244,1.2377-85,1.229x,1.226x.
It looks like we finally broke the 1.2377 with a nice 5 min candle. I would not go short at that time, I mean there aren't any obvious levels until the 1.244x.
So be careful with shorts...wait at least the close of this 1h candle but well a 50 pips bullish 1h candle at London Open is not a good sign for bearish people..
  • #178
  • Aug 21, 2012 7:12am Aug 21, 2012 7:12am
Quote
Buy @1.2338
SL @BE
TP 1.2440

Closed at 1.2431 : + 93 pips.
I hope you did not short the pair this morning..1.2417 was a small supply level it should act as a demand level now.
I will look for any opportunity to reload some longs during NY session. The 1.2412-17 zone looks attractive to go long..
  • #179
  • Aug 21, 2012 8:23am Aug 21, 2012 8:23am
Quoting landre
Closed at 1.2431 : + 93 pips.
I hope you did not short the pair this morning..1.2417 was a small supply level it should act as a demand level now.
I will look for any opportunity to reload some longs during NY session. The 1.2412-17 zone looks attractive to go long..
I closed and the pair popped up to 1.2465.. ^^
Pending order
Buy @1.2445
SL 1.2420
TP 1.25
  • #180
  • Edited 2:24am Aug 22, 2012 1:51am | Edited 2:24am
Hello,

Everything in on the chart, no trades and no pending orders yet..
Attached Image (click to enlarge)
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