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Trading Made Simple

  • #17,021
  • Apr 5, 2013 4:19am Apr 5, 2013 4:19am
For NFP I will place pending orders but only in one direction as if the number is bad, it might actually strengthen the dollar as we already had a HUGE move yesterday.

Eur/Usd
Sell 2896
SL 2941
TP 2816

GBP/USD
Sell 5196
SL 5247
TP None (bearish on pound and will use this as swing entry on H4)

AUD/USD
Sell 1.0395
SL 1.0440

I'm still short on GBPAUD as last two H1 closes seem to point to continuing the short direction. 23 pips in the red with sl above the highs so am thinking of closing but H4 does seem like we should turn here if you throw some trendlines on. I entered on H1 this morning with TDI crossed and APB Red, strong bar too!
@pawpaw1000 on Twitter
  • #17,022
  • Apr 5, 2013 4:55am Apr 5, 2013 4:55am
4H. No appreciable difference. still waiting for news, it seems.
It is quite Zen, when you think about it.
  • #17,023
  • Apr 5, 2013 5:10am Apr 5, 2013 5:10am
20m mins to go
  • #17,024
  • Apr 5, 2013 5:12am Apr 5, 2013 5:12am
http://www.investopedia.com/articles...oll-report.asp

will try this on demo.
  • #17,025
  • Edited 5:54am Apr 5, 2013 5:40am | Edited 5:54am
closed the long trade before the news, then it jumped 100pips+

lession learned: no lession
because I made the correct decision. No greedy or gambling here. Just stick to the plan or soon or late we'll have gambling problem. The news could have gone the opposite direction.


p/s: just in case, entry was made on M15 using TMS... should have attached an M15 chart instead of H1 chart...
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back... and more dangerous.
  • #17,026
  • Apr 5, 2013 5:43am Apr 5, 2013 5:43am
Goodmorning,

My eur/dol short just got stopped out on the U.S. Payroll numbers.
For a Loss of -$250.00 (Damn).
U.S. Payrolls came in at 88,000 traders were expecting 200,000
The U.S. is not creating enough jobs...
The U.S. dollar is weak and the economy is slowing down ( even more than before).
We're in trouble...

snarlyjack
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  • #17,027
  • Apr 5, 2013 5:47am Apr 5, 2013 5:47am
Quoting kbp
closed the long trade before the news, then it jumped 100pips+ lession learned: no lession because I made the correct decision. No greedy or gambling here. Just stick to the plan or soon or late we'll have gambling problem. The news could have gone the opposite direction. {image}
Thats a way I like...
JacekPreserve Precious Capital
  • #17,028
  • Apr 5, 2013 5:49am Apr 5, 2013 5:49am
Quoting kbp
closed the long trade before the news, then it jumped 100pips+ lession learned: no lession because I made the correct decision. No greedy or gambling here. Just stick to the plan or soon or late we'll have gambling problem. The news could have gone the opposite direction. {image}

Question

Why not just tighten your stop in case it doesnt go your way and just let the trade run in case it does?
  • #17,029
  • Apr 5, 2013 6:10am Apr 5, 2013 6:10am
Will see,
put order,
sell limit at 1.30430 with SL 1.31150
I am wonder if this will workout ...
JacekPreserve Precious Capital
  • #17,030
  • Apr 5, 2013 6:16am Apr 5, 2013 6:16am
Quoting Jackub
Will see, put order, sell limit at 1.30430 with SL 1.31150 I am wonder if this will workout ...
Is that really what happens? Did you try that?
  • #17,031
  • Apr 5, 2013 6:16am Apr 5, 2013 6:16am
Quoting snarlyjack
Goodmorning, My eur/dol short just got stopped out on the U.S. Payroll numbers. For a Loss of -$250.00 (Damn). U.S. Payrolls came in at 88,000 traders were expecting 200,000 The U.S. is not creating enough jobs... The U.S. dollar is weak and the economy is slowing down ( even more than before). We're in trouble... snarlyjack {image}
or maybe because US is spending money on infrastructure in responding to North Korea threat and need some departments to cover it up
anyway if you have 5EMA shift 2 on H4 (old big E method) price still looks bullish on H4...


Quoting Burt59
Question Why not just tighten your stop in case it doesnt go your way and just let the trade run in case it does?
there's usually a big jump back and forth before the news, totally a chaos, so tighten SL will get hit anyway.
It's usually 0.2pips spread on EU but before the news it jumped to 6.5pips (I'm with ECN broker, normal broker may be like... 12pips?) but once it's released... a kick start & pending orders/scalpers slowly increased the price, then made an obvious jump when reaching 1.3000 level where the big boys' orders got in

Quoting Jackub
Will see, put order, sell limit at 1.30430 with SL 1.31150 I am wonder if this will workout ...
must be brave
back... and more dangerous.
  • #17,032
  • Apr 5, 2013 6:19am Apr 5, 2013 6:19am
Oki got it thanks for the answers guys.

Btw 0.2 pip spread is just astonishing.
  • #17,033
  • Apr 5, 2013 6:20am Apr 5, 2013 6:20am
Quoting Burt59
Is that really what happens? Did you try that?
Yes I did, what kind a risk??
1. not trigered ... 0 risk
2. if trigered the overall trend is bearish, Europe is weak and will not improove soon, will go down
3. I think only war in Korea is risky...
JacekPreserve Precious Capital
  • #17,034
  • Apr 5, 2013 6:25am Apr 5, 2013 6:25am
Four inside bars. Let the orders get flushed out
  • #17,035
  • Apr 5, 2013 8:21am Apr 5, 2013 8:21am
....I lied. Managed to get 29 pips, so this week got 210. Consider doing more, but still unsure - I mean, I should stay away, instead of trading. Oh well....
It is quite Zen, when you think about it.
  • #17,036
  • Apr 5, 2013 8:22am Apr 5, 2013 8:22am
n/u trade was stopped out. although TDI was above red, i should've exited position because it was going flat. mistake on that part as i got greedy

e/u trade was taken in the 15min chart before i went to sleep.
  • #17,037
  • Apr 5, 2013 8:47am Apr 5, 2013 8:47am
Got stopped on GBPAUD for -40 pips...

Still short AUDUSD as Daily is looking real good, will have to leave over the weekend and keep stop wide.

Let's see ;-)
@pawpaw1000 on Twitter
  • #17,038
  • Apr 5, 2013 9:36am Apr 5, 2013 9:36am
This being friday and session closing soon, I looked for 15min trades after seeing potential H1 setups.
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  • #17,039
  • Apr 5, 2013 10:11am Apr 5, 2013 10:11am
Took out half, moved S/L to BE. Decided to let this run its own course now. Done for the week!
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  • #17,040
  • Apr 6, 2013 6:12am Apr 6, 2013 6:12am
Thanks OP eelfranz for this thread. The indi. itself if combined with others indi and filter can be more efficient.
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