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No Indi, No Cry

  • #61
  • Nov 28, 2013 8:03am Nov 28, 2013 8:03am
EurCad Sell Order 1,4420 emergency Stop @ 1,4455 limit @ 1,4370
consistency wins
  • #62
  • Nov 28, 2013 8:04am Nov 28, 2013 8:04am
AudUsd Buy Order @ 0,9090 emergency Stop @ 0,9060 Limit @ 0,9135
consistency wins
  • #63
  • Nov 28, 2013 9:45am Nov 28, 2013 9:45am
Quoting iTrader
EurCad Sell Order 1,4420 emergency Stop @ 1,4455 limit @ 1,4370

declined this order, it didnt fill because of 1 pip... and went straight into +20 pip gain territory... but AudUsd buy 0,9090 filled.

in my opinion AudUsd has currently no strong reason to break the strong support made yesterday at 0,9065, thats why i am buying it here.
consistency wins
  • #64
  • Nov 28, 2013 11:46am Nov 28, 2013 11:46am
Quoting iTrader
patience, you know whats really funny people who never post losing trades, and claim always to be winner. in the "genesis matrix system" thread in the trading systems section, nobody ever loses, its really a good laugh for me everytime i look up this thread, everybody is winning, i have never seen somebody posting a loss or something, and i have been reading along this thread for quite a time.
Mmmmm, I think it's just human psychology. It's probably hard enough for some people to internalize the loss let alone having to publicly admit to a thread full of people that they had a losing trade or trades as well.

And I think it's getting worse in this day and age with this generation of cotton wool kids. They'll never become traders. One loss will knock them hard on their arse. Probably wouldn't recover.

I haven't read the Genesis Matrix System thread. I might go into the Trading Systems Forum about once a year but I imagine it is full of threads where only winners are posted
Nothing worth having is easy.
  • #65
  • Nov 28, 2013 5:08pm Nov 28, 2013 5:08pm
Quoting iTrader
{quote} declined this order, it didnt fill because of 1 pip... and went straight into +20 pip gain territory... but AudUsd buy 0,9090 filled. in my opinion AudUsd has currently no strong reason to break the strong support made yesterday at 0,9065, thats why i am buying it here.
just closed it on BE after it went to +25 but i was too greedy
consistency wins
  • #66
  • Nov 29, 2013 3:50am Nov 29, 2013 3:50am
AudUsd Sell @ 0,9114 emergency Stop @ 0,9155 Limit for now @ 0,9065
consistency wins
  • #67
  • Nov 29, 2013 5:28am Nov 29, 2013 5:28am
Quoting iTrader
AudUsd Sell @ 0,9114 emergency Stop @ 0,9155 Limit for now @ 0,9065

currently +24 now two options:

1. i put my stop to BE and let it ride.

2. i take my profits

i took the second option, because i think in the end today is not going to be very volatile, its a friday between weekend and a holiday.. so take profits would be better, should have done that yesterday too.
consistency wins
  • #68
  • Nov 29, 2013 5:53am Nov 29, 2013 5:53am
Im posting my chart with explanation on it, to keep a record of my thoughts while taking this 2 trades from earlier.
Technicals and fundamentals have to be in line to have A setups.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2entryexplan.JPG Size: 75 KB
consistency wins
  • #69
  • Nov 29, 2013 10:48am Nov 29, 2013 10:48am
i would probably be selling EurCad at 1.4420 now, with a tight stop at 1.4440 but going into friday evening and the weekend in sight i am not going to risk anything. Oil is rising pretty strong, we had a great Cad GDP reading, i guess on any other time, it would be a valid entry.
consistency wins
  • #70
  • Nov 29, 2013 12:55pm Nov 29, 2013 12:55pm
Quoting iTrader
i would probably be selling EurCad at 1.4420 now, with a tight stop at 1.4440 but going into friday evening and the weekend in sight i am not going to risk anything. Oil is rising pretty strong, we had a great Cad GDP reading, i guess on any other time, it would be a valid entry.

good decision not to take it, friday evening crazy stuff can happen with low liquidity!

gonna call it a week, and head into the weekend!
consistency wins
  • #71
  • Nov 29, 2013 1:03pm Nov 29, 2013 1:03pm
I do trade fundamentals, and enjoy reading your journal.
Keep the good work up mate.
  • #72
  • Nov 30, 2013 12:56pm Nov 30, 2013 12:56pm
Quoting iTrader
i would probably be selling EurCad at 1.4420 now, with a tight stop at 1.4440 but going into friday evening and the weekend in sight i am not going to risk anything. Oil is rising pretty strong, we had a great Cad GDP reading, i guess on any other time, it would be a valid entry.

HI IT
It was weird that on Fri with Cad positive GDP instead of gaining Cad continued to weaken even further.Friday NY in holiday and thin liquidity I suspect BOJ kept selling the Cad.I get a weird awareness that Japanese are seriously intend weakening the Yen to 110 and above.I did sell UC at 610 and I am eying EC short as well but not pulled the trigger yet because of EU is still not below 3580.
To me Cad has been severely oversold and consequence of Yen devaluation and Aussie drop.I noticed whenever Aussie drops it pulls Cad lower as well.
I know they are coerced as "commodity" currencies and market tends to group Aussie Kiwi and Cad together.
We are at critical stage on UC at 600 break above opens up 900 and higher.To me its unlikely however if Aussie drops to 89-88 I can see Cad at 850-900
Anyway green pips
In trading, you have to be defensive and aggressive at the same time
  • #73
  • Dec 3, 2013 5:21am Dec 3, 2013 5:21am
I am currently watching the following levels:

UsdJpy Buy around 102,40/00
AudUsd Sell around 0,9150
AudUsd Buy around 0,9060
EurUsd Sell around 1,3590

well lets see if fundies will support this levels, for now i am seeing some USD strength.
consistency wins
  • #74
  • Dec 3, 2013 2:09pm Dec 3, 2013 2:09pm
i took a EurUsd Sell @ 1.3607 emergency Stop @ 1.3655 and Limit @ 1.3565

I will change my loss plans on a break of 1.3620

Currently i dont believe in a break of the 1.3620 resistance before European PMI and US ADP data release, but in the end we never know what will happen thats why its important to have a stop in place.
consistency wins
  • #75
  • Dec 3, 2013 2:58pm Dec 3, 2013 2:58pm
Quoting iTrader
i took a EurUsd Sell @ 1.3607 emergency Stop @ 1.3655 and Limit @ 1.3565 I will change my loss plans on a break of 1.3620 Currently i dont believe in a break of the 1.3620 resistance before European PMI and US ADP data release, but in the end we never know what will happen thats why its important to have a stop in place.
now +17 i am moving stop to BE and will monitor further movement.
consistency wins
  • #76
  • Dec 3, 2013 4:40pm Dec 3, 2013 4:40pm
Closing +19, its glued to this level, meanwhile UsdJpy was able to push 50 pips higher, EurUsd stayed unmoved, showing some Euro reluctance, better to take profits, and call it a night.
consistency wins
  • #77
  • Edited 8:11pm Dec 6, 2013 7:38pm | Edited 8:11pm
I wasnt able to post any charts this week, i was the whole week online from my phone and not able to work from my desk.

So i only took two trades this week, the one i posted live above a few days ago, here the chart for clear explanation why i entered. With a little bit more patience my initial limit was hit +40, but as i was on the go i was not in the sit and wait mood and eager to take profits.
Attached Image (click to enlarge)
Click to Enlarge Name: EUs66558.JPG Size: 69 KB
consistency wins
  • #78
  • Edited 8:09pm Dec 6, 2013 7:52pm | Edited 8:09pm
And here my second trade for this week AudUsd Buy good for 20 Pips, i attached a chart for clearer explanation.

Hopefully next week i will have more time to trade and write more thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: aub225.JPG Size: 68 KB
consistency wins
  • #79
  • Dec 6, 2013 9:42pm Dec 6, 2013 9:42pm
this is how i looked this week at the AudUsd chart (30min) and now im gonna call it a week and head into the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd30minweek49.JPG Size: 106 KB
consistency wins
  • #80
  • Dec 8, 2013 5:28pm Dec 8, 2013 5:28pm
UsdChf Buy @ 0.8915 emergency Stop @ 0.8885 Limit @ 0.8950
consistency wins
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