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My Learning Journey

  • #301
  • Oct 24, 2012 8:17am Oct 24, 2012 8:17am
If this closes in an engulfing, its a very good reversal signal to go long with the hammer earlier on, ending around the 61.8 @ 1.29448.

My next target will be a 50% move of this down move, which sits at 1.30013. Looking to re-enter around 1.2965.
A 1 pip gain is better than a 1 pip loss.
  • #302
  • Oct 24, 2012 8:38am Oct 24, 2012 8:38am
On second thought, Daily PA looks weird. Its already had a long wick below. Could we actually be going bullish soon?
A 1 pip gain is better than a 1 pip loss.
  • #303
  • Oct 24, 2012 8:43am Oct 24, 2012 8:43am
Waiting for PA to tell me next move. Not going to long or short now because it may go to 1.285 or 1.305. Will wait.
A 1 pip gain is better than a 1 pip loss.
  • #304
  • Oct 24, 2012 8:47am Oct 24, 2012 8:47am
Took a scalp at 1.29651. Looking for 1.2975.
A 1 pip gain is better than a 1 pip loss.
  • #305
  • Oct 24, 2012 8:48am Oct 24, 2012 8:48am
Quoting aeternum
Took a scalp at 1.29651. Looking for 1.2975.
Closed for 1 pip. Not confident.
A 1 pip gain is better than a 1 pip loss.
  • #306
  • Oct 24, 2012 8:56am Oct 24, 2012 8:56am
Short at 1.29707. Looking for 1.28920.
A 1 pip gain is better than a 1 pip loss.
  • #307
  • Oct 24, 2012 9:06am Oct 24, 2012 9:06am
Scalped 4 pips. Re-entered 1.29675. Same TP at 1.2892. Looking for long target 50% retracement of move 1.31273 to 1.2892, if we get there.
A 1 pip gain is better than a 1 pip loss.
  • #308
  • Oct 24, 2012 9:08am Oct 24, 2012 9:08am
Quoting aeternum
Scalped 4 pips. Re-entered 1.29675. Same TP at 1.2892. Looking for long target 50% retracement of move 1.31273 to 1.2892, if we get there.
This is only an intraday target. We may actually get to 1.27635 eventually.
A 1 pip gain is better than a 1 pip loss.
  • #309
  • Oct 24, 2012 11:11am Oct 24, 2012 11:11am
Quoting aeternum
Scalped 4 pips. Re-entered 1.29675. Same TP at 1.2892. Looking for long target 50% retracement of move 1.31273 to 1.2892, if we get there.
Closed 1.29511. Going to play intraday trades and not keep it overnight. Besides I've already made 20% of my account today. Can afford to rest.
A 1 pip gain is better than a 1 pip loss.
  • #310
  • Oct 24, 2012 11:16am Oct 24, 2012 11:16am
Got bearish bias here. Will re-enter when 5 mins and 15 mins are back in overbought zones. If it doesn't get there, I don't lose out anyway. TP still looking towards 1.28xx region. Probably hoping for 1.27 too. Won't enter full units for this.
A 1 pip gain is better than a 1 pip loss.
  • #311
  • Oct 24, 2012 1:51pm Oct 24, 2012 1:51pm
Quoting aeternum
Got bearish bias here. Will re-enter when 5 mins and 15 mins are back in overbought zones. If it doesn't get there, I don't lose out anyway. TP still looking towards 1.28xx region. Probably hoping for 1.27 too. Won't enter full units for this.
Re-entered short 1.29602. Could have waited a bit and shorted at 1.2969, but at least I'm in. First TP at 1.29337. It may go lower, but I'm not taking my chances because of daily PA and 4H oversold stoch.
A 1 pip gain is better than a 1 pip loss.
  • #312
  • Oct 24, 2012 1:54pm Oct 24, 2012 1:54pm
Quoting aeternum
Re-entered short 1.29602. Could have waited a bit and shorted at 1.2969, but at least I'm in. First TP at 1.29337. It may go lower, but I'm not taking my chances because of daily PA and 4H oversold stoch.
1H and 30 min have some stochs to drop. Looks good at 1.29337. May even be safe TP at 1.293. Not taking any chances though. 27 pips is enough for me.
A 1 pip gain is better than a 1 pip loss.
  • #313
  • Oct 24, 2012 2:00pm Oct 24, 2012 2:00pm
Quoting aeternum
1H and 30 min have some stochs to drop. Looks good at 1.29337. May even be safe TP at 1.293. Not taking any chances though. 27 pips is enough for me.
4H ended in a hammer and doji and its now pushing higher. 1.29815 is the 38.2 of the move down from 1.308x.

Should have just trusted myself and gone long at 1.295. Could have gotten a nice 20 over pips for a late night scalp.
A 1 pip gain is better than a 1 pip loss.
  • #314
  • Oct 25, 2012 12:38am Oct 25, 2012 12:38am
Quoting aeternum
4H ended in a hammer and doji and its now pushing higher. 1.29815 is the 38.2 of the move down from 1.308x.

Should have just trusted myself and gone long at 1.295. Could have gotten a nice 20 over pips for a late night scalp.
PA continued rising overnight. Now at highs of 1.299.

4H is starting to press into 50 stoch level. Daily still at 20+ stoch level.

Everything else is overbought though. Really looking for a sharp drop now so I can close my position.

My stop loss sits at 1.3.
A 1 pip gain is better than a 1 pip loss.
  • #315
  • Oct 25, 2012 12:40am Oct 25, 2012 12:40am
Quoting aeternum
PA continued rising overnight. Now at highs of 1.299.

4H is starting to press into 50 stoch level. Daily still at 20+ stoch level.

Everything else is overbought though. Really looking for a sharp drop now so I can close my position.

My stop loss sits at 1.3.
Daily ended in a hammer. Its currently threatening to turn into a bullish engulfing bar. Perhaps I should close my position asap.
A 1 pip gain is better than a 1 pip loss.
  • #316
  • Oct 25, 2012 12:57am Oct 25, 2012 12:57am
Quoting aeternum
PA continued rising overnight. Now at highs of 1.299.

4H is starting to press into 50 stoch level. Daily still at 20+ stoch level.

Everything else is overbought though. Really looking for a sharp drop now so I can close my position.

My stop loss sits at 1.3.
Stop loss to 1.31. TP changed to 1.2906. Going to milk the down move, if any, as much as possible.

I will be going out soon, and I expect my position to be closed, whether stopped out or profit taken.

As much as it is bullish, it failed to break 1.3 yesterday and shot down 80 pips. We may see the same thing happening again.
A 1 pip gain is better than a 1 pip loss.
  • #317
  • Oct 25, 2012 1:15am Oct 25, 2012 1:15am
Quoting aeternum
Stop loss to 1.301. TP changed to 1.2906. Going to milk the down move, if any, as much as possible.

I will be going out soon, and I expect my position to be closed, whether stopped out or profit taken.

As much as it is bullish, it failed to break 1.3 yesterday and shot down 80 pips. We may see the same thing happening again.
Had that wrongly. I got stopped out of my position. Took a new short at 1.30095. Now looking for 1.2906 or further down.

No SL for this.
A 1 pip gain is better than a 1 pip loss.
  • #318
  • Oct 25, 2012 1:20am Oct 25, 2012 1:20am
Quoting aeternum
Had that wrongly. I got stopped out of my position. Took a new short at 1.30095. Now looking for 1.2906 or further down.

No SL for this.
SL at BE +1.

It may probably break though.
A 1 pip gain is better than a 1 pip loss.
  • #319
  • Oct 25, 2012 1:22am Oct 25, 2012 1:22am
Quoting aeternum
SL at BE +1.

It may probably break though.
Stopped out. Looking for new position.
A 1 pip gain is better than a 1 pip loss.
  • #320
  • Oct 25, 2012 1:24am Oct 25, 2012 1:24am
Quoting aeternum
Stopped out. Looking for new position.
Short at 1.30083.
A 1 pip gain is better than a 1 pip loss.
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