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Medium & Long Term ONLY

  • #101
  • Oct 30, 2013 4:04am Oct 30, 2013 4:04am
UJ long position stop loss set @BE near 97.00
no reasons to risk money.

if price will come back down i will watch if possible to reload. :nerd:

busy day, leaving computer right now. good luck every1
90% of traders use TA, indicators and prediction
  • #102
  • Oct 30, 2013 1:37pm Oct 30, 2013 1:37pm
out 50% USD JPY long position with huge profits in 100pips. holding remaining half waiting patiently to reload another entry.

bought USD CHF again 8960.

done for today....


....maybe for the week
90% of traders use TA, indicators and prediction
  • #103
  • Oct 31, 2013 5:23am Oct 31, 2013 5:23am
GBP CHF
merged all 3 entries.
average price is 1.4456

i will increase the position when price will breake the short-term downtrend (red dotted downtrend-line)
looking at quarterly chart, there is large potential to the upside
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_GBP_CHF_4 Hours_snapshot.png Size: 26 KB
Click to Enlarge Name: Chart_GBP_CHF_4 Hours_snapshot_merged.png Size: 25 KB
Click to Enlarge Name: Chart_GBP_CHF_3 Months_snapshot.png Size: 14 KB
90% of traders use TA, indicators and prediction
  • #104
  • Oct 31, 2013 5:29am Oct 31, 2013 5:29am
i don't like how USD JPY is trying to close this monthly
98.40 is important quarterly level and actually showing decrease in demand...
definetly i will be looking to increase my position in case price will conquer 98.40 as support and this could not be happening at all.
so finally i'm considering the opportunity to collect the whole trade at these levels and postpone the trade later during the quarter.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_USD_JPY_Monthly_snapshot.png Size: 23 KB
Click to Enlarge Name: Chart_USD_JPY_3 Months_snapshot.png Size: 23 KB
90% of traders use TA, indicators and prediction
  • #105
  • Oct 31, 2013 5:36am Oct 31, 2013 5:36am
I just stumbled upon this thread and I can see I have been missing out. Quality. Thanks for starting the thread BB. I'm subscribed.
Gone to a better place
  • #106
  • Oct 31, 2013 5:41am Oct 31, 2013 5:41am
Quoting smikester
I just stumbled upon this thread and I can see I have been missing out. Quality. Thanks for starting the thread BB. I'm subscribed.
good morning, nice to see you here, been a long time....
i started this thread to have a place with less short-term and scalp noise, since i finally moved my-self to a longer term way, due to my daily job etc

i'm glad you are in here , i guess this can become an interesting place, there are really good ones posting already
90% of traders use TA, indicators and prediction
  • #107
  • Oct 31, 2013 5:44am Oct 31, 2013 5:44am
i'm still holding USD CHF long.
not much confident on this, since basically it's mirroring with the EU so giving a lot of squeeze up-down

overall my trade is aiming to target somewhere into 0.91 area but there could be some major problems between .9030 - .9070
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CHF_8 Hours_snapshot.png Size: 24 KB
90% of traders use TA, indicators and prediction
  • #108
  • Oct 31, 2013 5:45am Oct 31, 2013 5:45am
Thanks for the welcome and I can see I have some catching up to do.
Gone to a better place
  • #109
  • Oct 31, 2013 5:48am Oct 31, 2013 5:48am
Quoting arenoosh
hello everyone it was strange for me to find a \"long term\" forum topic for Forex as I think less than 10% of traders are looking on medium to long term trades. And speaking about long term trades here is something for you: I am monitoring S&P 500 to short it. I know is crazy to short stocks in the current macroeconomic environment with the taper off the table but in my opinion S&P 500 will drop very soon....with or without the taper. I made a long analyze and don't want to bore anyone here so if someone interested you can read it and watch my...
hi, sorry for late reply but i was busy...
your analysis is good in my opinion, but i can't actually give any further idea, since i'm actually focused in forex and some stocks (just aapl and arii...)
anyway seems really probable a med term weakness
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  • #110
  • Oct 31, 2013 5:52am Oct 31, 2013 5:52am
Quoting smikester
Thanks for the welcome and I can see I have some catching up to do.
if i'm not wrong you had good skills with the eur gbp cross... i just closed a long position there few day ago and now buying the gbp chf..
i'm thinking to short the eur gbp but bit shy about at the moment

have you an idea about?
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  • #111
  • Oct 31, 2013 7:14am Oct 31, 2013 7:14am
Well Eur/Gbp has been driving me mad as I have been bearish all year but couldn't seem to get a handle on it. As you know this has not been the best trending year for any pair. You seem to have the idea just now going long Gbp/Chf - and I think that this week will confirm the bearish position on Eur/Gbp with a weekly topping out candle, especially if it can close below .8500. That's the limit of my opinion and I hand over the reins to you...
Gone to a better place
  • #112
  • Oct 31, 2013 7:47am Oct 31, 2013 7:47am
Quoting smikester
Well Eur/Gbp has been driving me mad as I have been bearish all year but couldn't seem to get a handle on it. As you know this has not been the best trending year for any pair. You seem to have the idea just now going long Gbp/Chf - and I think that this week will confirm the bearish position on Eur/Gbp with a weekly topping out candle, especially if it can close below .8500. That's the limit of my opinion and I hand over the reins to you...
i was and still i am bearish with eur gbp! recently i was trading the GBP CHF, got it around lows 1.40 and i was buying again the pullback near 1.46. That's the moment where i had to buy the EUR GBP, since i saw an over extended move down in GBCHF. The 2 instruments, seen in med-term TF are mirrored, so instead of close the gch longs, i bought the egbp in a kind of hedge

so, summarizing, my main interest is about GCH where i have main study and main confidence.
Watching the weekly chart there is a great double bottom formed with a potential target 1.50 and 1.54. I believe the CHF will keep its weakness breaking parity again with Dollar.. but for the moment is just an idea...

here below the mirror between the 2 instr + gch weekly study
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_CHF_Weekly_snapshot.png Size: 34 KB
Attached Image
90% of traders use TA, indicators and prediction
  • #113
  • Oct 31, 2013 7:51am Oct 31, 2013 7:51am
Quoting _BBKing_
{quote} i was and still i am bearish with eur gbp! recently i was trading the GBP CHF, got it around lows 1.40 and i was buying again the pullback near 1.46. That's the moment where i had to buy the EUR GBP, since i saw an over extended move down in GBCHF. The 2 instruments, seen in med-term TF are mirrored, so instead of close the gch longs, i bought the egbp in a kind of hedge so, summarizing, my main interest is about GCH where i have main study and main confidence. Watching the weekly chart there is a great double bottom formed with a potential...
BB King I think the reason we are struggling in USD/JPY is because huge option today @ 98.25 I think once it finishes we will resume the upside right now consolidation until strike is completed quoted the wrong post oh well but just FYI
  • #114
  • Oct 31, 2013 7:57am Oct 31, 2013 7:57am
Hi Guys

Just found this thread today. Needless to say I am subscribed.

For those of us trading the usdjpy and are frustrated with the 'backandforth'ness I feel your pain. I have been trying to get on board a train I think is going to 104 area long term. But this train doesnt know the difference between drive and reverse gears

Olu
If you think you can or cannot do it you are correct
  • #115
  • Oct 31, 2013 9:18am Oct 31, 2013 9:18am
Quoting Olu
Hi Guys Just found this thread today. Needless to say I am subscribed. For those of us trading the usdjpy and are frustrated with the 'backandforth'ness I feel your pain. I have been trying to get on board a train I think is going to 104 area long term. But this train doesnt know the difference between drive and reverse gears Olu
Hey Olu, good to see you here. Looks like a good thread to me. Regarding Usd/Jpy we have a text book pennant on the weekly chart with a very bullish looking weekly candle - October 6th ish, still to play out. So I agree with your bullish sentiment. It's rare to see such a huge rise followed by pennant consolidation so get in wherever and whenever you can. That's an order my opinion.
Gone to a better place
  • #116
  • Oct 31, 2013 9:56am Oct 31, 2013 9:56am
Quoting smikester
{quote} Hey Olu, good to see you here. Looks like a good thread to me. Regarding Usd/Jpy we have a text book pennant on the weekly chart with a very bullish looking weekly candle - October 6th ish, still to play out. So I agree with your bullish sentiment. It's rare to see such a huge rise followed by pennant consolidation so get in wherever and whenever you can. That's an order my opinion.
Yes Sir!

Olu
If you think you can or cannot do it you are correct
  • #117
  • Oct 31, 2013 10:07am Oct 31, 2013 10:07am
Quoting iNSIELD
{quote} BB King I think the reason we are struggling in USD/JPY is because huge option today @ 98.25 I think once it finishes we will resume the upside right now consolidation until strike is completed quoted the wrong post oh well but just FYI
hello and welcome,
i didn't really know about these options, can be a reason...
actually weekly setup is good, problems are on monthly which still show as possible a move back down into 97area.

this is also a good thing, considering to look for a lower entry but let's see how things will develop...
97.80 and 97.40 in case of retest should show some orders
90% of traders use TA, indicators and prediction
  • #118
  • Oct 31, 2013 10:11am Oct 31, 2013 10:11am
Quoting Olu
Hi Guys Just found this thread today. Needless to say I am subscribed. For those of us trading the usdjpy and are frustrated with the 'backandforth'ness I feel your pain. I have been trying to get on board a train I think is going to 104 area long term. But this train doesnt know the difference between drive and reverse gears Olu
Hi and welcome
yes the Uj became frustrating in recent sessions but i will keep on with my bullish sentiment, trying to buy all major dips!
i would also wait for a bullish breakout (at least 98.40-60 again) but i do really feel like "if a move up will come, there will be no pullbacks before the 105"

main problem is that the same situation could apply to the downside until 84
90% of traders use TA, indicators and prediction
  • #119
  • Oct 31, 2013 10:16am Oct 31, 2013 10:16am
Quoting _BBKing_
GBP CHF merged all 3 entries. average price is 1.4456 i will increase the position when price will breake the short-term downtrend (red dotted downtrend-line) looking at quarterly chart, there is large potential to the upside {image} {image} {image}
scaled 50% @4530 (+80pips or so )
price extended much more than what i expected and now is trading closed to descending trendline + resistance area.

will be looking to increase the position later tomorrow or next week, after a strong bullish breakout (as planned)

EDIT: furthermore the 1.4500 and 1.4480 are still exposed, so i prefer to collect profits
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_CHF_4 Hours_snapshot.png Size: 32 KB
90% of traders use TA, indicators and prediction
  • #120
  • Oct 31, 2013 10:28am Oct 31, 2013 10:28am
What a V turn down in EU...
the thing is used to happen many times in the past, always near major levels, and always been followed by and extended move to nearest support.

Dam thing, i was short 1.38 and i closed

Will be watching for short opportunity near 1.37 to target 1.3450-30.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.png Size: 20 KB
90% of traders use TA, indicators and prediction
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