100+ Pips Sniper Specialists -> Lets Collectively Roll

Kindly READ it clearly and UNDERSTAND what i am trying to say

Most of my threads are well structured & detailed & planned.
- But i have been just thinking about this for a week or so.
- I am not sure about the thread name clearly (and would be changed(on request to moderators))
- As of now placed in "Trading discussion" and can get it to moved to "Interactive Trading" based on final purpose/usage of this thread.


Here is what i have in mind (not very planned of course) and planning to shape it for betterment of traders/readers (who think interacting helps), based on
inputs:

- Aim is to make money
- "Sniper Specialists" > Because thread will mainly serve as a place to discuss relatively "Very-HIGH-ODD" trade opportunities/setups in SPOT FX pairs (ONLY), of >=100 pips and only the least drawdown setups, snipers are known for
- "Lets Collectively Roll" > Because aim is to detect and trade larger moves (not just 100 pips), which can be trend change points/major retracement moves (on different TF's; Preferably < Weekly TF), after making a collective trading BIAS.
- More emphasis would be to detect major retracements/trend changing points and riding them(if possible) rather than eating into mid 40-70% body-section of a move.
- "Snipers" also known for least Drawdown in positions. So R:R should probably in higher ranges ( say >=1:4 Range)
- Small moves/Scalping are not what we are after. 100 pips, is not small based on average daily range of most major pairs
- Charts / Reasons/ Whatever you think has worked for you, should be posted to support your BIAS/Trade Setups
- Given the fact, this is not related to specific system, different possible systems(being discussed) can be posted
- Thread would be, kind of, run by multiple FF "Regular users" who already post on FF, regarding the same
- Anyone can post and vouch/high-post-bloat is not a requirement (though surely gives some filtration)
- We can have regular (daily and even lower TF )Polls regarding a BIAS/Trade opportunity(being discussed), before taking the trades on based on collective Bias
- Given the fact making collective BIAS on something is not easy, we can have polls (FF feature)/ Other online interactive voting(suggestions?), regarding a opportunity , from selected/all-contributing members/volunteers (kind of a BIAS grid)
- I think i need more than a few volunteer members to agree to support this and get other friends/traders join in (of course who already post freely on FF), so that we can move ahead. So kindly let me know if you are interested (better here or via PM)

- Of course based on the thread response (not sure it works or not), final decisions/thread aims would be finalized later
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P.S.
- Comments/Ideas/Suggestions solicited on above
- Various things would be added or deleted
- Thread rules getting added; inevitable (yet don't flame me/anyone till then)
- I will make sure the thread remains on path and serves the purpose of all valid contributors, with strict thread rules, just like my other threads.




THREAD RULES
1) Do NOT flame anyone else; Healthy discussions only allowed.
2) Any racial/personal-rivalry/intimidating post is not allowed.
3) No plain trading calls allowed. Have some details
4) All those still posting, can feed their online ego/post count, before the post is reported for deletion.

short USDJPY.SL 80 pips, target unlimited.Daily downtrend.I only chase momentum so I don't pay too much attention to S/R. Lets see whether Ill get Lucky.

wow! things went down rather fast...hope the retracement wont hit my SL ...i intend to hold for several days.

@Pemully
lets first see how many people are interested and what are the suggestions like (what you say?) regarding how the thread should pan out
and
then we can move to setups and all boring things we do most of the time


Regarding USDJPY,
I am still not sure of shorts but my BIAS will remain LONG till last swing is taken out (Clearly & effectively) though BIAS has surely weakened past the BOJ statement lately
Personally was carrying huge longs averaged from 95.34 (95.16 to be exact) from last NFP fake spike down.
& was netting 52000+ pips & 5200% when @ 99.10


Currently, still netting 21000+pips
But all stops moved @ 95.35 i.e BE+1 & like you want it to ride for days and probably weeks/months
The account is free for me already (Though it wud be a bit of disappointment if all those seeds don't germinate)

Thats the market.
Lets c how it pans out.


P.S.
- posted about this last wk in another thread
- If soon retraces back up to 97.80's and esp. 98.80's, IMO it would be a time for me to add more Longs

//----

hey saint....... .... count me as interested...... we used to do the same thing at clearstation before it became unrulely and etrade shut the site down.....

//----

btw, ...... nice usdjpy trades......h

Nice thread
My proposition is to sell now sterling with 10 pips SL and TP about 1,5360

is this thread demo traders only?

@hayseed & @tomspin
Alright, SO what do you guys suggest? I am wanting to lay down some clear things regarding how this would shape, in 1st post and thread rules too.

Surely i just don't want it to be a "anyone coming in posting a trade/s without informing reasons to those setups and moving on with no follow up"
There are already too many unorganized threads around spawning the same.
Further 100+pips, V.Good R:R, least drawdown Sniping (probably riding too)& collective BIAS are what we are looking for and not just plain trading calls.

@tomspin
IMO, 1.5730(and may be 5750) is a good Short Zone in GBPUSD
But IMO, looking at the PA, if any USDX major strengthening coming in, EURUSD wud be a better short than GBPUSD (which has been bombing good data day after day)
Anything around 1.3350(& may be 3375) on EURUSD is a VERY Good Confluence Short Zone, for some RIDING
Overall i consider thursday move as a Bull-Suck-in Squeeze sooner or later. Lets C how this pans out.
As long as 1.3630's is not taken out, this bias remains the same for me. Further bearish bias will get strong if moves below 1.31 soon(1.3060 to be exact), say may be like this wk or next


IMO There are very good Setups coming UP in majors, in close future like EURUSD GBPUSD USDCHF, USDJPY, AUDUSD & we can post charts, levels, discuss things, etc
But i gotta give some form to the thread first, throw some thread rules in, etc.


yup + troll only too.
(Now on Watchout List)

EUR/USD daily. If triggered, this should be good for approx 400pips. Feedback welcome.

To be frank, that, buy stop is around the same level i would short it (actually 20-30pips above;edited my previous post)
That makes a market.
Technical Reasons for that are many but i dont want to discuss more about it/other trades (before thread gets a basic structure)

Suggestions solicited
Regards

I appreciate the feedback It's a busy area that's been rejected a fair bit in the past, so we'll see if it can break through (up) this time...Win some, lose some. Good RR if it goes north. Conversely, if it gets rejected and bounces back down a good target would be approx 1.279.

For me, at this stage, i'm happy to keep the buy-stop in place for now. My 2cents (if even that )

Thanks again for the feedback, and great idea for a thread! I hope to see it flourish.

- EURUSD currently hitting the mentioned 1.3350 zone (HOD 1.3358 till now)
- Took some shorts & adding on rise till mentioned 1.3375


So none gonna post any suggestions how we should evolve this thread ????

Anyway lets start with EURUSD at least. Whats your take on it?
(Kindly be clear on BIAS with reasons, as much as possible and if use charts, they are very welcome)

Trend is your friend till it ends?
EU H1 chart

Bump

Still no suggestions?

Looks like guys are busy making too much money




P.S.
- BTW EURUSD 1.3350-1.3375 still acting as a Good HALT zone (looking at small TF PA); Currently on sidelines.
- 1.3398 is the HOD/W/Swing high as of now (1.34+ spike; 3410-3420 looks likely; Some Limit orders set;Rest depending upon PA there)
- Good moves/Volatility likely soon in major pairs; Important week and coming

GBPUSD
Swing Highs: 1.5750
Lows till last week:1.5164
Pips = 586
Drawdown (max) = 0 to 20 pips
R : R = ~ 1 : 58

(Though GBPUSD was a better short than EURUSD; not as expected)

EURUSD
Swing Highs 1.3414
Lows till last week:1.2983
Pip Move = 431
Drawdown (max) = 0 to 4 pips
R : R = ~ 1 : 215

Initial 3350-3375 shorts were followed by swing highs to 1.3389 & immediate retrace to 1.3277 before making new highs.
Good friggin volatile weeks, as expected, for most major pairs (& even some minors & exotics & commo's like gold)



Anyway,
Most probably, in absence of much suggestions (& participation) and me(as of now) not being to frame some thread form/aims, this thread is being shelved.
There are too many threads around already, for plain trades/views & other allied unorganized stuff/posts, which lead to nowhere

Wonderful thread so far, makes me interested.

My two trades for coming days.....

Short EurAud & Long AudUsd, both sl not more than 30-40 pips (I will place it wisely depending on LTF PA while taking entry) & targets are more than R:R 1:10....

Still the trend has not changed in both the pairs but going on with speculative position due to some technical patterns & levels. I will watch few hours of monday trading before committing myself on this trades. Charts for your reference & feedback.

By the way Forexsaint, I am your fan....

Cheers

Wonderful? Whats so about it?
I just see some unorganized random charts and talk and views , which loads of threads around on FF, have.
This is not i want to see this thread develop.
So you are a fan...(not sure of what), give us some suggestions regarding how thread should Pan out.

I have been asking for suggestions on the lines of POINTERS i provided in 1st post but inspite of many agreeing to join in and liking the idea, no has actually taken a few minutes to think about it and suggest. Either they are busy making too much money or its all half-hearted talk.
Bit disappointed

Regarding EURAUD, never traded/tracked ever (though have been listening hollers about it lately). Looks like a retrace coming looking at your chart
AUDUSD is a one sided waterfall as of now and except if one is short from high up and looking to scale in/out, dont think there is any point talking about any major long move as of now(except some IMP news hits the air). Some short retracement (prolly volatile) moves can be a possibility. Dont see that steep upmove anyway (except if may be bernanke takes a U-turn from his retirement plan(taper) and/or RBA stops rate cuts or reverts quick)


BTW as i have posted now, just to update the Fiber and cable trades on BIAS posted
(were indeed very good, Superb R:R Sniper Trades)
GBPUSD
Swing Highs= 1.5750
Lows till last week=1.4856
Net Pips= 894
Drawdown (max)= 0 to 20 pips
R : R = ~ 1 : 90

EURUSD
Swing Highs= 1.3414
Lows till last week=1.2805
Pip Move= 609
Drawdown (max)= 0 to 4 pips
R : R = ~ 1 : 305

Good LVL's in Both to book out 60-70% shorts and waiting for re-entry IMO. Talked about more levels ->here<-

These R:R Trades are the one, we are talking about for this THREAD (I started this thread thinking to give those as examples)
These are ONLY the one's higher TF sniper needs to hop in and prolly be done for months or an year
or years for some(yea, for some for sure; Just 25 lots each on these 2 trades net around 0.5 million currently; with mind boggling low drawdown)
&
one can then keep waiting for next setups, enjoying in between.
Hope you get the idea.
(though of course these large pip undirectional quick moves dont come often; thats why just 100 pips is the lower limit here)
Bye for now



P.S.
There is no point moving ahead much on trade setups and charts and stuff , till you all guys interested dont give me suggestions.about what i am asking.
I WANT to give some major shape (and rules) to this thread first . Simple. I dont want to waste my and time of others.
Like it or lump it.

hey saint..... still on vacation, all summer...... have gave it some thought but really not sure of rules or how the thread should be shaped.....

in regards to single charts, this might go for even those posted long after the trades are placed, it would help for a step by step check list of the reasoning behind the trades to be included....

such as my usdjpy below..... long trades due to
1. zigzag down leg....
2. tsr color change....
3. price broke above bb bands....
4. and so on and so on


daily and weekly signals are rare so once the initial trade was established, the next major point of interest would be where to add positions, if at all.....
//-----

personally i'm better at following rules and guidelines than making them.... one thought that concerns me would be not to derail the thread by bringing up subjects/indicators/ea's that might be more of distractions...... h

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@Hayseed
pretty long vacation :-)

Well a lot of indi's and color there on UJ. Still in them? You watching some levels?

I agree this thread should not be about discussing each other indi's/eas's/strategy
It should be mainly about forming a collective bias based on different ways traders trade.

I am still thinking about this. Still bleak inputs around!

Lets see

Here is an another PERFECT SNIPER Example:

AUDUSD
Swing Low of week = 0.9034
Swing High of week = 0.9234 (as of now)
Pip Move= 200 (Pretty clean, Pure PA move)
Some 60-90 LONG trades starting from 0.9037, at important demand levels (missed one)
Drawdown (max)= 0 to 1 pips (~ 2 pip spread)
R : R = ~ 1 : 400

Thats what we are talking about here, for this thread.



Here is an intermediate Trade screenshot (when Aussie was below 9200; Though booked around days high @ 9230)






I am still soliciting suggestions for this thread. Spare some time, think & let me know here.
I am sure this will benefit a lot of people (esp. those who are frustrated dealing with too much small TF "noise" moves)
Thanks