Riding the Gnarly trend wave... | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

A Gnarly Journal 104 replies

Need guidance to improve my Trend Riding EA (attached) 24 replies

ATP - The Regurgitation to Wave Riding 27 replies

Riding the trend easily 33 replies

Attachments: Riding the Gnarly trend wave...
Exit Attachments

Riding the Gnarly trend wave...

  • #121
  • Nov 7, 2013 4:08pm Nov 7, 2013 4:08pm
Quoting BobGnarly
I honestly feel like today was a huge shakeout before better than expected NFP tomorrow. I could be wrong but I have seen this scenario so many times in the past. Today was all talk of "massive stops causing the burst lower" or " The market had priced in a ECB rate cut" The market was expecting a cut until those "rumors" came out yesterday that they wouldn't. Today was purely algo's and scared technicians at the wheel. USDJPY should of kept rising today, fundamentally. But I could be wrong and I am not afraid to be. It's just that I have put in...
I agree. To many people with poor entries and poorly placed stops. Its pretty frustrating to watch though.
"A true speculator tries the market small." - Jesse Livermore
  • #122
  • Nov 7, 2013 4:11pm Nov 7, 2013 4:11pm
Quoting Jgcole83
{quote} I agree. To many people with poor entries and poorly placed stops. Its pretty frustrating to watch though.

Exactly Cole! We retraced almost half the losses already on UJ, obviously lots of buyers and limit orders were placed around 98.50 with stops around there. Besides a few moving averages and lines I draw, the rest of my trading is fundamental and you guys already knew that. but UJ held within its triangle and tested the 200DMA and bounced nicely.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #123
  • Nov 7, 2013 4:20pm Nov 7, 2013 4:20pm
I would like to see it bounce back to 98.50 and then I'm hoping that we get some decent nfp numbers. I really thought the sell off was ridiculous today. All the data that came out was pretty much in line or better than what was expected.
"A true speculator tries the market small." - Jesse Livermore
  • #124
  • Edited 5:46pm Nov 7, 2013 4:30pm | Edited 5:46pm
Since I trade long term, usually off the monthly charts. These are my trades and targets and they run until either SL or TP is hit. If I see price failing around a target area due to bad news I will manually close it before tp. I do trade off the hourly and H4 as well for the weekly $$ and then cash out the long term ones at whatever time.

* If anyone wants to try trading long term. Be aware of drawdown, it happens to every long term trader. Set and forget works , too many people close trades too early when they have a little drawdown. Trust your plan and fundamentals and the rest falls in place.



Total goals and risk

Risk is 1,058 pips for a reward of 3,256
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audnzdlong.png Size: 66 KB
Click to Enlarge Name: usdcadlong.png Size: 46 KB
Click to Enlarge Name: GJ longterm.png Size: 68 KB
Click to Enlarge Name: uj longterm.png Size: 53 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #125
  • Nov 7, 2013 4:42pm Nov 7, 2013 4:42pm
Next possible yearly trade. I want to jump in on this train ASAP. I will wait until after NFP

FA reason- The pain is just beginning in EUR and the pain in the U.S will be easing at a much faster rate.

1.17 area $$
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdlong.png Size: 56 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #126
  • Nov 7, 2013 7:08pm Nov 7, 2013 7:08pm
Ian, I'm assuming with a trade like this you start off with a small amount of margin and add to it as the year goes on?
I make it rain from the center of my Keytar
  • #127
  • Nov 8, 2013 5:01am Nov 8, 2013 5:01am
Quoting BobGnarly
Next possible yearly trade. I want to jump in on this train ASAP. I will wait until after NFP FA reason- The pain is just beginning in EUR and the pain in the U.S will be easing at a much faster rate. 1.17 area $$ {image}
Agree about the pain . I'm short here from yesterday.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #128
  • Nov 8, 2013 7:34am Nov 8, 2013 7:34am
Told you , yesterday was a classic shakeout. Fundamentals always win
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #129
  • Nov 8, 2013 9:00am Nov 8, 2013 9:00am
Well guys I am done for the week. I had a very good week despite not being at my desk. I hope traders realize that usdjpy should fundamentally be around 105.00

For my clients here are the updated results at the end of the week and thanks again for having faith in me
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 144 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #130
  • Nov 8, 2013 9:51am Nov 8, 2013 9:51am
Ha,
Could you please send us gold long analize ? İf you have time.
Best Regards.
Bülent.
  • #131
  • Nov 8, 2013 10:10am Nov 8, 2013 10:10am
Quoting BobGnarly
Well guys I am done for the week. I had a very good week despite not being at my desk. I hope traders realize that usdjpy should fundamentally be around 105.00 For my clients here are the updated results at the end of the week and thanks again for having faith in me {image}
Bob,

Great results.

Could you speak to the pellucid trading platform ? Why do you like it ? Benefits/negatives.
  • #132
  • Nov 8, 2013 10:11am Nov 8, 2013 10:11am
Quoting bulent
Ha, Could you please send us gold long analize ? İf you have time. Best Regards. Bülent.

Not quite sure what you mean?


*update on the weekly statement , decided to do a few scalps and they worked out nicely
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 145 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #133
  • Nov 8, 2013 10:18am Nov 8, 2013 10:18am
Quoting britc17
{quote} Bob, Great results. Could you speak to the pellucid trading platform ? Why do you like it ? Benefits/negatives.

I'd be glad to do a review. I'm out of the office at the moment. I will be back in a few hrs and I'll do a good review. But 4 out 5 rating for me. They treat me well.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #134
  • Edited 12:52pm Nov 8, 2013 12:18pm | Edited 12:52pm
Quoting BobGnarly
{quote} I'd be glad to do a review. I'm out of the office at the moment. I will be back in a few hrs and I'll do a good review. But 4 out 5 rating for me. They treat me well.


Pro's- Very easy account set up- Very fast deposits- Very low spread(ECN)- Segregated accounts for safety of your funds- No Regulations-MT4- PAMM accounts

Con's- Not really too much to complain about, there web based trader is terrible and very slow via cell phone, they are not yet listed on the mt4 broker options for mobile.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #135
  • Nov 8, 2013 12:51pm Nov 8, 2013 12:51pm
One last chart before I shut down for the weekend. As you all know I am long AUDNZD... this thing has stormed the 1.13 and has been rejected 3 days in a row and NZDUSD looks to be closing the week very badly. If this plays out we might see audnzd break to new highs
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.png Size: 67 KB
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #136
  • Nov 8, 2013 12:53pm Nov 8, 2013 12:53pm
Im starting to get really excited about UJ. Right now kinda reminds me of this time last year and Im just waiting for this to explode higher. Whats your tp Bob? I'm looking for 106 and then possibly 110.
"A true speculator tries the market small." - Jesse Livermore
  • #137
  • Nov 8, 2013 12:57pm Nov 8, 2013 12:57pm
Quoting Jgcole83
Im starting to get really excited about UJ. Right now kinda reminds me of this time last year and Im just waiting for this to explode higher. Whats your tp Bob? I'm looking for 106 and then possibly 110.

Almost the same as you have there 105 110 123
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #138
  • Nov 8, 2013 12:59pm Nov 8, 2013 12:59pm
Quoting BobGnarly
{quote} Almost the same as you have there 105 110 123
Nice! Whelp off to the gym. Have a good weekend everyone!
"A true speculator tries the market small." - Jesse Livermore
  • #139
  • Nov 8, 2013 1:09pm Nov 8, 2013 1:09pm
I think im gonna let my trades run, been another green week...

hopefully my primary trade, UJ shoots up over the weekend, primary target as safe spot im having is the 100.45 mark follow by 105 110 118 ... heh Take care bros ! Green pips everyone
Sincerely Yours Cheers!
  • #140
  • Nov 8, 2013 1:10pm Nov 8, 2013 1:10pm
Quoting BobGnarly
{quote} Pro's- Very easy account set up- Very fast deposits- Very low spread(ECN)- Segregated accounts for safety of your funds- No Regulations-MT4- PAMM accounts Con's- Not really too much to complain about, there web based trader is terrible and very slow via cell phone, they are not yet listed on the mt4 broker options for mobile.
Ya Bob, i just decided to give them a shot too into my brokers list... gonna try em out after your advices.
Sincerely Yours Cheers!
0 traders viewing now