I just wish the CAD data comes worse than expected!
, wouldn't it be better than the data to take quick profit on shorts
Trade according to current market condition, not what you think would be.
- #3,602
- Apr 23, 2013 6:46am Apr 23, 2013 6:46am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
{quote} What about Mr. Carney flourishing tongue
- #3,603
- Apr 23, 2013 7:35am Apr 23, 2013 7:35am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
nice positive data
my shorts are in money but holding for massacre
my shorts are in money but holding for massacre
In trading, you have to be defensive and aggressive at the same time
- #3,604
- Apr 23, 2013 7:47am Apr 23, 2013 7:47am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #3,606
- Apr 23, 2013 9:45am Apr 23, 2013 9:45am
Something personal had been established against this usdcad. Every time I short 1.028* waiting for the 1.021, I end up closing all or most(partials) in the 1.0255 and 1.026
Am no longer interested of profits in this **** pair, rather just want to see it with my own eyes
crash down to 1.02 and lower, in my life time hoping
Am no longer interested of profits in this **** pair, rather just want to see it with my own eyes
crash down to 1.02 and lower, in my life time hoping Trade according to current market condition, not what you think would be.
- #3,607
- Apr 23, 2013 10:05am Apr 23, 2013 10:05am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
Something personal had been established against this usdcad. Every time I short 1.028* waiting for the 1.021, I end up closing all or most(partials) in the 1.0255 and 1.026 Am no longer interested of profits in this **** pair, rather just want to see it with my own eyes
well I wish I will be still holding my shorts while you see the 1.02 range - #3,608
- Apr 23, 2013 10:51am Apr 23, 2013 10:51am
Can you see that coming breakout on either side? Hoping it be the bottom side one 
Ready to short down there, riding the slide
Might be on the next coming 4 hr. candle??
Ready to short down there, riding the slide Might be on the next coming 4 hr. candle??
Trade according to current market condition, not what you think would be.
- #3,609
- Apr 23, 2013 11:11am Apr 23, 2013 11:11am
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
Can you see that coming breakout on either side? Hoping it be the bottom side one
- #3,610
- Apr 23, 2013 1:33pm Apr 23, 2013 1:33pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Something personal had been established against this usdcad. Every time I short 1.028* waiting for the 1.021, I end up closing all or most(partials) in the 1.0255 and 1.026 Am no longer interested of profits in this **** pair, rather just want to see it with my own eyes
Its not just UC Euro and Cable have been in short range as well.With Euro and Cable one can also expect massive bank manipulations,spike hikes to take out stops but that rarely is the case with lower interest pairs like NZ and UC.
Furthermore you are getting paid to short this so it does not cost you like it does on Aussie and NZ.Anyway I love this pair
I need to make roughly 260 pips to make 35% of my account this month combined all my trading so I have 5 shorts 1 being 2lot so 50pip drop will accomplish my goal.
regards
In trading, you have to be defensive and aggressive at the same time
- #3,611
- Edited 7:07pm Apr 23, 2013 6:49pm | Edited 7:07pm
{quote} Lot of traders find short ranges frustrating but I find them profitable.This month and last one as well I kept shorting NZ from 40pips up and down repeatedly.Once you add up all the mini shorts they pile up massively. Its not just UC Euro and Cable have been in short range as well.With Euro and Cable one can also expect massive bank manipulations,spike hikes to take out stops but that rarely is the case with lower interest pairs like NZ and UC. Furthermore you are getting paid to short this so it does not cost you like it does on Aussie...
You wait for a drop but it continues higher and higher slowly slowly until suddenly the drop bang.
We have 2 option like you see on my up chart, a breakout from 1.028 or from 1.0255.
Had exit all my positions on UC. No longer shorting before I see a 4 hour candle open under 1.0255 to ride that dive of some 50 pip drop
Not optimistic right now. Bulls may control.Not to forget, in Euro and Cable OK we are in a range for sometime but that's talking of some goooooood 200+++pip, not 30 pip like UC. We have breakouts there, here nothing but long 1.025* short 1.028*, good for scalpers but not for Traders who like wide ranges.
Am not that frustrated about UC but it's something like Rat and Cat chase happening on this pair.
If you go back to the past two 4 hr. candles, before 15 minutes of the candle close UC was 1.0252, was prepared to short if the new 4 hr. candle will open there or under, but as you can see that in 15 minutes the market raised the price quickly to 1.0263. What a bas****
to see what is next?
Trade according to current market condition, not what you think would be.
- #3,613
- Apr 24, 2013 1:07am Apr 24, 2013 1:07am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Closed my shorts for 42pips
Nothing to get too excited but it was no pressure either.
Will enter shorts again
Nothing to get too excited but it was no pressure either.
Will enter shorts again
In trading, you have to be defensive and aggressive at the same time
- #3,615
- Apr 24, 2013 1:10am Apr 24, 2013 1:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Great! I still kept them open! Will hunt for big pips!
Added limit shorts
270 full lot
280 full lot
300 1/2 lot
In trading, you have to be defensive and aggressive at the same time
- #3,616
- Apr 24, 2013 5:54am Apr 24, 2013 5:54am
My impatience of UC got its reward quickly this time. I had 2 options(found the opportunity on both at same time), Short UC when it was 1.0255 or Long GU 1.5251
Decided to take the second option because was fed of that UC
, exited a partial of the GU position on 1.5283, will let the rest running for higher profits or sl will be breakeven
Both income will be goooooood than waiting for UC craziness holding a short in darkness and red.
Decided to take the second option because was fed of that UC
, exited a partial of the GU position on 1.5283, will let the rest running for higher profits or sl will be breakeven Both income will be goooooood than waiting for UC craziness holding a short in darkness and red.
Trade according to current market condition, not what you think would be.
- #3,619
- Apr 26, 2013 12:06pm Apr 26, 2013 12:06pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
I am very upset at myself for not sticking to my convictions.
I had several shorts from 260 70 area and closed them way to early buying into slow moving pair scenario.I firmy believed getting paid positive swap is enough incentive to seat tight like Jesse Livermore once said instead I was influenced by posters here.Huge mistake.Lesson learned stay firm on your convictions
200pips not realized
I had several shorts from 260 70 area and closed them way to early buying into slow moving pair scenario.I firmy believed getting paid positive swap is enough incentive to seat tight like Jesse Livermore once said instead I was influenced by posters here.Huge mistake.Lesson learned stay firm on your convictions
200pips not realized
In trading, you have to be defensive and aggressive at the same time
