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  • #844,181
  • Oct 15, 2013 1:31pm Oct 15, 2013 1:31pm
Quoting milam
8 trades, +153 pips Do not try this at home. {image}
I can hardly see a point in stacking 4 positions in a 5 pips range, but itīs your call.
Quant Hedge Fund CEO
  • #844,182
  • Oct 15, 2013 1:32pm Oct 15, 2013 1:32pm
Quoting Vachus
{quote} Because the dollar was considered to be a heaven currency. ( At the risk of default, presumably yields would spike as less people interested to loan the government and bare the risk of not being paid. So to reduce the risk, if you have an exposure to the American economy - you have to short any financial instrument against US. ) So, by the time the dollar restores its fame as a heaven currency, risk on / off will be working soon.
was it really?
Quant Hedge Fund CEO
  • #844,183
  • Oct 15, 2013 1:34pm Oct 15, 2013 1:34pm
Quoting SerpentDove
I was robbed of my longs this morning, robbed I say!
did not touch euro for 2 weeks
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,184
  • Oct 15, 2013 1:34pm Oct 15, 2013 1:34pm
Quoting ffleo
{quote} from your chart, I see that you longed 4 around 1.3509, and another 4 around 1.3485. when it went up again you took 4 off a little above your average price, and left the rest 4 to run to higher price and locked the profit.
yes you are right, the first 4 went against me, I thought 3504 would hold despite the strength but it did not, but I knew that could be the case knowing also that there was strong support below. If price would get there I would buy the same amount to cover most of my losses of 3504, which it did.

At that point I felt 3504 was still at play and set my tp @ 3530 with my first lots, it played nicely, a bit of luck of course, but it favours the braves.
Wherever you go, there you are.
  • #844,185
  • Oct 15, 2013 1:34pm Oct 15, 2013 1:34pm
Quoting gatorinla
{quote} s/o all eu L trades last night.. long aud now from 9501
nice catch, makes sense.

However, I am staying away until itīs clear if they are/are not going to vote tonite and what is the result of such vote (if there is any)...
Quant Hedge Fund CEO
  • #844,186
  • Oct 15, 2013 1:35pm Oct 15, 2013 1:35pm
Quoting FXMastermind
{quote} I can hardly see a point in stacking 4 positions in a 5 pips range, but itīs your call.
maybe his target is not far away
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,187
  • Oct 15, 2013 1:38pm Oct 15, 2013 1:38pm
Quoting ffleo
{quote} did not touch euro for 2 weeks
I felt this pair up real good, and I wanted to sell last night before going to bed (though I've been bearish for a week), felt it would not be prudent. Woke up 45 minutes after the drop. Decided I should play the retrace while we were still in the bounds of the range, got stopped out by the spread or MAYBE a pip from that play with my TP at 1.3525

IT BURNS............
  • #844,188
  • Oct 15, 2013 1:39pm Oct 15, 2013 1:39pm
Quoting FXMastermind
{quote} nice catch, makes sense. However, I am staying away until itīs clear if they are/are not going to vote tonite and what is the result of such vote (if there is any)...
if the US stock market tanks, it will spread to global markets.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #844,189
  • Oct 15, 2013 1:45pm Oct 15, 2013 1:45pm
Quoting FXMastermind
{quote} I can hardly see a point in stacking 4 positions in a 5 pips range, but itīs your call.
Forex cube does it every time and he is one of the best in town about scalping.

Personally I feel the pulse, not easy to describe tough, in this trade I knew there was a lot of madness involved, I bought one at my level and it felt good and I bought more and still felt good and...... but it went against me, still it felt good....below I did the same, this time it just did not feel good, I was sure..
Wherever you go, there you are.
  • #844,190
  • Oct 15, 2013 1:47pm Oct 15, 2013 1:47pm
Quoting gatorinla
{quote} s/o all eu L trades last night.. long aud now from 9501

out with 24
those who can, do. those who cant, talk about those who can
  • #844,191
  • Oct 15, 2013 1:49pm Oct 15, 2013 1:49pm
Quoting kumaramy
Have anybody checked AUDNZD daily and weekly ? Seems Up.
Quoting Uglybug
{quote} Yes, it looks promising for a medium term long trade. Enter at 1.1375, target 1.15xx
It is far from being a safe long , let me tell you ! To me audnzd is only a sell stop 1.1315.That is the only safe and probable trade for the time being.
For a long a lot of things has to happen, long vehicles need time to make a U turn ! ;

1-Attack above 1.1385 ( which I wouldn't take )
2-Pullback to 1.1385 and holding there !!!
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  • #844,192
  • Oct 15, 2013 1:50pm Oct 15, 2013 1:50pm
Quoting FXMastermind
{quote} I can hardly see a point in stacking 4 positions in a 5 pips range, but itīs your call.
This trick works when you have different targets. You could take out some positions once you reach a certain zone and leave others to continue running. If it was only one larger position he would have only once chance to exit the position.
  • #844,193
  • Edited 1:53pm Oct 15, 2013 1:52pm | Edited 1:53pm
A wee bit higher to go perhaps.
Attached Image (click to enlarge)
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  • #844,194
  • Oct 15, 2013 1:53pm Oct 15, 2013 1:53pm
S UJ 98.22 big time, giving 20 pips.

Dollar will bleed. Newsfeed will tell you why.

Btw, bearish engulfing forming on D1
Quant Hedge Fund CEO
  • #844,195
  • Oct 15, 2013 1:54pm Oct 15, 2013 1:54pm
Quoting Mr.MaginCole
{quote} This trick works when you have different targets. You could take out some positions once you reach a certain zone and leave others to continue running. If it was only one larger position he would have only once chance to exit the position.
Erm...you know you can partially close one position, right?
Quant Hedge Fund CEO
  • #844,196
  • Oct 15, 2013 1:57pm Oct 15, 2013 1:57pm
Quoting FXMastermind
{quote} Erm...you now you can partially close one position, right?

It's a matter of building confidence in the position as time passes.

Sometimes it's a scalp, sometimes it's a keeper, but a 5 pip range is rather small.
  • #844,197
  • Oct 15, 2013 1:59pm Oct 15, 2013 1:59pm
Fitch would retract statement when their tp hits.
  • #844,198
  • Oct 15, 2013 2:02pm Oct 15, 2013 2:02pm
Quoting SerpentDove
A wee bit higher to go perhaps. {image}
I believe it won't go any higher than this, but if shit happens I see max as 1.3545 too.
  • #844,199
  • Oct 15, 2013 2:09pm Oct 15, 2013 2:09pm
Quoting FXMastermind
{quote} Erm...you know you can partially close one position, right?
How do I do that on MT4??

Say for example I was long at 3480 and my size is 0.2 Lot. Now this is one position okay? Now say we hit 3530 and i feel like closing 0.1 and letting another 0.1 run. This is why I some times prefer to open TWO positions of 0.1 each to make a 0.2 total.

One other scenario where I prefer to enter a position in many smaller positions instead of one larger one

I also do this when my overall sentiment is long but I am stuck between deciding whether to go long at 3480 or wait for 3460 only for it to reverse to 3530 after you have watched for 12 hours. I would add smaller longs as I near my optimal entry of 3420.
  • #844,200
  • Oct 15, 2013 2:12pm Oct 15, 2013 2:12pm
Quoting FXMastermind
S UJ 98.22 big time, giving 20 pips. Dollar will bleed. Newsfeed will tell you why. Btw, bearish engulfing forming on D1
I believe it won't be that easy.It also looks like a top for me but top consolidation formation is not completed yet.I would expect a pullback , a squeeze between red lines and then a drop.White circles would be what I 'd try to catch.
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