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S&R short term bounces

  • #521
  • Jun 27, 2013 1:39am Jun 27, 2013 1:39am
Quoting sam0182
Showing the good with the bad, a couple I took earlier this week/last. The second one was too very close to TP.
You looked at pending orders Sam, did this work out for you? Looks like the losing trade was maybe taken hands off/set and forget?
  • #522
  • Jun 27, 2013 4:10am Jun 27, 2013 4:10am
Quoting sam0182
{quote} In the last month, I've started applying the OP's 26 sl w/13 tp vs my 10 & 10.
Interested to hear how you get on with that Sam.

All the best.
  • #523
  • Jun 27, 2013 10:20am Jun 27, 2013 10:20am
Quoting stricky1967
{quote} You looked at pending orders Sam, did this work out for you? Looks like the losing trade was maybe taken hands off/set and forget?
Exactly. Excuses aside, I was not at the screens when it hit. Had I been, it probably would have been closed at +11 or +12. Findus, if I'm not mistaken, takes the opposite approach and let them run, no matter. We don't have enough data to prove which is preferred at this point.

At this time, along with applying the Findus 13/26 tp/sl, I'm also applying limit orders.

Quoting Quidsey
{quote} Interested to hear how you get on with that Sam. All the best.

Sure Quidsey. Hope all is well with you.
  • #524
  • Jun 27, 2013 2:34pm Jun 27, 2013 2:34pm
Quoting sam0182
Another... {image}
Hit nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: 27june.eufollowup.png Size: 36 KB
  • #525
  • Jun 27, 2013 3:18pm Jun 27, 2013 3:18pm
Quoting sam0182
{quote} Exactly. Excuses aside, I was not at the screens when it hit. Had I been, it probably would have been closed at +11 or +12. Findus, if I'm not mistaken, takes the opposite approach and let them run, no matter. We don't have enough data to prove which is preferred at this point. At this time, along with applying the Findus 13/26 tp/sl, I'm also applying limit orders. {quote} Sure Quidsey. Hope all is well with you.

Thanks Sam....

Quoting sam0182
{quote} Hit nicely.
Yes, textbook
  • #526
  • Jun 27, 2013 5:08pm Jun 27, 2013 5:08pm
Excellent trading Findus... nice clean and simple... keep up the good work! Compound like hell!
  • #527
  • Jul 3, 2013 12:09am Jul 3, 2013 12:09am
An area I'm watching
  • #528
  • Jul 3, 2013 9:38pm Jul 3, 2013 9:38pm
Quoting sam0182
An area I'm watching
Ha, fail...forgot the attachment.

Hit nicely, before & after shown below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 7.july.png Size: 130 KB
Click to Enlarge Name: eufollowup3.july.2013.png Size: 116 KB
  • #529
  • Jul 8, 2013 8:47pm Jul 8, 2013 8:47pm
Looking for a bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: eu8.july.png Size: 122 KB
  • #530
  • Jul 9, 2013 12:52am Jul 9, 2013 12:52am
Another area to watch
Attached Image (click to enlarge)
Click to Enlarge Name: eupart2 8.july.png Size: 110 KB
  • #531
  • Jul 9, 2013 8:55pm Jul 9, 2013 8:55pm
Quoting sam0182
Looking for a bounce. {image}
No action during London last night but this level did hit about 3hrs before the NYC close today. There was a bit of a reaction but it failed. My order expired just before London closed this AM, avoiding the loss.

Shortly thereafter, I missed the bounce on the daily/4hr level at 1.2755. That is fine as it is likely to bounce again and I have my order in for the London session tonight.

The failed level is shown below. You can see at my arrow, how price kicked around for a bit and it looked promising for a couple of bars but ultimately dumped.

http://i24.photobucket.com/albums/c2...psbe785988.png

The really nice daily/4hr level I missed today. An excellent opportunity for tonight. The first chart is the 4hr, showing it's history. Second chart showing a closer timeframe view of where I expect a second bounce tonight.

http://i24.photobucket.com/albums/c2...psdec3267d.png

http://i24.photobucket.com/albums/c2...ps2f26c3b6.png
  • #532
  • Edited 10:30pm Jul 9, 2013 10:05pm | Edited 10:30pm
Can't sit back and watch you have all the fun....

I've been playing around with the Yen pairs and for some reason with EURAUD.
Red and green lines represent pre-news trade I took (and won).

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm5_201307101259.png Size: 79 KB


#1 +13 pips (first live trade with a version of Findus's approach)

Levels in EURJPY (also some good H1-D1 levels in there to keep an eye on)

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5_20130710_1248.png Size: 80 KB


Should also note the D1 BEOB.

Cable also had some worthy offerings earlier in the week,

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5_20130709_1110.png Size: 87 KB


Michael
  • #533
  • Jul 9, 2013 10:47pm Jul 9, 2013 10:47pm
Nice work! Saw you viewing the thread the other day, was hoping you would drop in with some charts. Thanks, great stuff.
  • #534
  • Jul 10, 2013 2:16am Jul 10, 2013 2:16am
Cable... counter trend but with has D1 bullish bias - lets see how this goes

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5_20130710_1710_trade.png Size: 82 KB
  • #535
  • Edited 7:46am Jul 10, 2013 7:23am | Edited 7:46am
#2 +36 pips / +1.56R

I drew all over the image before I posted ... excuse my ramblings.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5_20130710_1710_trade_closed_tp.png Size: 94 KB


Missed the bounce above the initial turning point because I was away from the desk but it would have worked as a good trade.

I know this isn't quite the 'Findus' method, so I can post these charts somewhere else if they aren't appropriate.
  • #536
  • Jul 10, 2013 10:58am Jul 10, 2013 10:58am
Keep an eye on that 1.29 area....1.2895 for a short eur/usd.
  • #537
  • Jul 10, 2013 2:33pm Jul 10, 2013 2:33pm
Nice trade there Findus.

The EU level posted earlier was really nice but you can never step in the way of major news announcements. It's unfortunate that it couldn't be taken with the FOMC release out this morning.
  • #538
  • Jul 14, 2013 2:21am Jul 14, 2013 2:21am
Quoting sam0182
Nice trade there Findus. The EU level posted earlier was really nice but you can never step in the way of major news announcements. It's unfortunate that it couldn't be taken with the FOMC release out this morning.
Sorry there 9047, meant to quote you above! So used to complimenting Findus and his trades.


You've been posting some great charts, I hope you'll continue to contribute.

Going into Sunday, a EU level I'm watching.
Attached Image (click to enlarge)
Click to Enlarge Name: su14.july.png Size: 97 KB
  • #539
  • Jul 15, 2013 1:29am Jul 15, 2013 1:29am
No worries Sam.... watching the same area on EURUSD.
  • #540
  • Jul 15, 2013 10:16am Jul 15, 2013 10:16am
Quoting 9047
watching the same area on EURUSD.
Boom.
Attached Image
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