I'm back... SELL 1.3071 SL 1.3093
Guys, thx for all of your posts, Julexo this thread is what i'm reading each of my trading days Keep goin plz..
Still learning S/D.
Been missing you. It is my pleasure to help support others.
I don't know if you have been following the fiscal cliff crisis in the US or not. The democrats submitted a proposal to the republicans. The republicans laughed and countered. The democrats responded that it isn't a balanced proposal. And so it begins.
I think the funniest thing that I heard on CNBC today was, "What we need is the holiday spirit to get this deal done." Freaking hilarious. I can just see Santa Clause coming to the rescue with a huge bag of money.
As I haven't had time to trade currencies lately, I decided to enter into a different kind of position trade that doesn't need much attention yet. Looking back at the summer of 2011 during the debt ceiling crises, I thought to look at the VXX. as it is tied to the CBOE Volatility Index short term futures. I found that on July 18th, 2011, the VXX was trading at 82.92 and popped up to 175.44 by August 22nd, 2011. It went on to top off Oct 3rd, 2011 at $227. Here are some other stats:
Volume $17.98 million (good)
5yr low $28.82
5yr high $1855.36
52wk low $28.82
52 wk high $174.84
Today's open $28.89
Today's close $30.24
It is currently just coming up off its all time low and IMO has upside potential. There is to much arrogance and to many egos in Washington for them to come to an agreement quickly. This trade is risky and I am not recommending this trade to anyone, just sharing my thoughts.
Hello everyone. I found this thread in accordance with my trading style. I am a huge fan of Sam Saiden. Would like to share my analysis, trades based on Supply & Demand zones and PA.
I like and would likely have scalped a few pips too. What I like even more, given the potential drama from the made up fiscal cliff fiasco, is the daily chart. I've included the h4 and daily here.
Hello everyone. I found this thread in accordance with my trading style. I am a huge fan of Sam Saiden. Would like to share my analysis, trades based on Supply & Demand zones and PA.
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Welcome robertrfx,
If your a fan of Sam, you've come to the right place.
I am planning to buy UJ at 81.73 area. But need to wait for PA confirmation.
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Hello,
I don't know if you took this trade or not based on your pa confirmation. I don't trade the yen ladies (usd:jpy, eur:usd and gbp:usd) very often because the bank of japan has intervened so many times and I've been burned. Still, I monitor them often. With regards to your chart, the h1 pa looks good and stochastics on the h4 show over sold. What is your exit strategy? Do you use stop losses?
I haven't been trading very often lately; however, my sell limits on the aud:usd were triggered early this morning. I have another one sitting at 1.05. These are swing trade positions.
I don't know if you took this trade or not based on your pa confirmation. I don't trade the yen ladies (usd:jpy, eur:usd and gbp:usd) very often because the bank of japan has intervened so many times and I've been burned. Still, I monitor them often. With regards to your chart, the h1 pa looks good and stochastics on the h4 show over sold. What is your exit strategy? Do you use stop losses?
I haven't been trading very often lately; however, my sell limits on the aud:usd were triggered early this morning. I have another one sitting...
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Hi Fxstir,
I am agree with you regarding Yen pairs. But most of the time we can see a trend on these pairs. If we can apply demand and supply theory we can get some good pips. But I may not trade EJ & GJ pairs. Because of the higher volatility and need to put large SL. But this is different in UJ pair. It is moving slowly and we can enter easily with lower stop loss. But we need to have higher patience to trade this pair.
I am using next supply and ressitanse zones as my exit levels. This may change based on the price action. Sometimes I use Fibonacci levels to exit.
Yesterday I took UJ long and just now closed with 30+ pips. I placed 15 pips stop loss for that trade.
I don't know if you took this trade or not based on your pa confirmation. I don't trade the yen ladies (usd:jpy, eur:usd and gbp:usd) very often because the bank of japan has intervened so many times and I've been burned. Still, I monitor them often. With regards to your chart, the h1 pa looks good and stochastics on the h4 show over sold. What is your exit strategy? Do you use stop losses?
I haven't been trading very often lately; however, my sell limits on the aud:usd were triggered early this morning. I have another one sitting...
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Regarding your AU trade, please be more cautious. Because AU will reach further high with the current uptrend in EU. I expect 1.057X level to the upside which is Last major ressistance. To the downside pair may reach 1.041X level. Good luck with your trade pal...
P.S - UJ still moving upside luckily I have another small trade on other account. Lets see
I am agree with you regarding Yen pairs. But most of the time we can see a trend on these pairs. If we can apply demand and supply theory we can get some good pips. But I may not trade EJ & GJ pairs. Because of the higher volatility and need to put large SL. But this is different in UJ pair. It is moving slowly and we can enter easily with lower stop loss. But we need to have higher patience to trade this pair.
I am using next supply and ressitanse zones as my exit levels. This may change based on the price action. Sometimes I use...
Ignored
Congrats on your UJ trade. Yes, of the 3 ladies, UJ is easier to trade. Fibonacci levels and zones are great. Sometimes I watch pivots too.
Keep goin plz.. 
