Another clear genesis signal on AU. Did not take it due to recent trend up.
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- #16,782
- Aug 8, 2013 12:57am Aug 8, 2013 12:57am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Did you not see the divergence there CW?
- #16,784
- Aug 8, 2013 1:06am Aug 8, 2013 1:06am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} The divergence is pretty clear and I did see it. I remember your advice to take CT trades after one gets some profit from trading with the trend, so I decided to play safe and not take this CT trade. The signal itself looks awesome to me, hard to resist I must say
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Yep...that's fair enough too....and I'm not trading the Aussie just now although if and when the bear trend resumes I may have to rethink that and add it back into my list of currency pairs.
- #16,786
- Aug 8, 2013 1:18am Aug 8, 2013 1:18am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Well, the trade was good at least for 25 pips, we'll see where it goes from there. JPY crosses look scary to me at the moment
I'm not going to mention any names, but I know someone who has pulled in more than 300 pips in the past 24 hours!! I don't think that person has had much sleep, but it's an impressive 24 hour total!!
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} The two JP crosses I trade are EJ and GJ, and both still have room to move as they are under their ATR. Of course that might mean jack, but it's worth considering as we have a long way to go today yet. I'm not going to mention any names, but I know someone who has pulled in more than 300 pips in the past 24 hours!! I don't think that person has had much sleep, but it's an impressive 24 hour total!!
- #16,788
- Aug 8, 2013 1:22am Aug 8, 2013 1:22am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} It's not hard to guess as we all know someone who loves GJ even more than you do
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,790
- Aug 8, 2013 1:39am Aug 8, 2013 1:39am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} It's a star for sure! After carefull reading of your M5-entry-M15-managing test, before I take any trade on M5 I pay attention to the M15 Matrix and if it has all 4 boxes of opposite color I prefer to ingore that signal. Does that make sense to you?
This week has been a bit crazy for me like last week was. I was hoping for a more settled week but you know what happens to the best plans. Anyway, it I can get a peaceful week next week I'll see about making some live trades which may (or may not...lol) be helpful. I haven't made any from start to finish for a few weeks so I'll put that right if I can get some peace next week!!
Doing what you like is Freedom. Liking what you do is Happiness.
{quote} Yup...sounds like a plan
It would be wounderful to see some live trades from you again. Looking forward to it!
- #16,794
- Aug 8, 2013 2:28am Aug 8, 2013 2:28am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
{quote} Hi CW, RJ, when i saw this set-up i doubted to take it, because it was a CT trade, obviously, but when i saw the ATR reached and the confluence of R2 with Monthly Pivot i took my risk of 20 pips for a profit of 27 at R1. Not a great trade, looking at R:R but i think it's good for a CT. just a sharing of my thoughts
That's a good CT trade, and what we need to remember when having a go at these CT trades is to keep our expectations modest. If you can grab a quick 20 or 30 pips, go for it if the SL is worth it.....just don't hang on to the trade for too long. If the CT turns into a genuine reversal, you'll get plenty of chances to re-enter.
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,795
- Aug 8, 2013 3:49pm Aug 8, 2013 3:49pm
{quote} The two JP crosses I trade are EJ and GJ, and both still have room to move as they are under their ATR. Of course that might mean jack, but it's worth considering as we have a long way to go today yet. I'm not going to mention any names, but I know someone who has pulled in more than 300 pips in the past 24 hours!! I don't think that person has had much sleep, but it's an impressive 24 hour total!!
- #16,796
- Aug 8, 2013 4:34pm Aug 8, 2013 4:34pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #16,797
- Aug 8, 2013 6:23pm Aug 8, 2013 6:23pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Aussie and China news coming shortly....and China news will impact the AUD and Kiwi as well....fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
