General weakness across the board. CAD has been the weakest currency thus far in 2014. Pull up a chart of USDCAD, eurcad, and gbpcad. I think trading against the commodity currencies (aud and cad) will continue to be juicy. Grossly overvalued, and CAD held its relative value longer, thus has more to move. with continued taper going forward, and if stimulus continues to be withdrawn, I think a LARGE correction in the value if these currencies is highly likely going forward. It is also desirable by both Australia and Canada as it will boost exports.
Multiple Time Frame Stochastic trading using 1min charts
- #282
- Jan 23, 2014 8:56am Jan 23, 2014 8:56am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
General weakness across the board. CAD has been the weakest currency thus far in 2014. Pull up a chart of USDCAD, eurcad, and gbpcad. I think trading against the commodity currencies (aud and cad) will continue to be juicy. Grossly overvalued, and CAD held its relative value longer, thus has more to move. with continued taper going forward, and if stimulus continues to be withdrawn, I think a LARGE correction in the value if these currencies is highly likely going forward. It is also desirable by both Australia and Canada as it will boost exports....
Thanks for the info!
Will have a look at it over the weekend as thats when I take the time to look through all those charts.
I really just focus on the scalping in the week
Will increase the knowledge regarding the fundies as this to is important for the swinging
BUT
Thats me for the day.
See you guys in the morning
We miss 100% of the shots we don't take
- #283
- Jan 23, 2014 10:17am Jan 23, 2014 10:17am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #284
- Jan 23, 2014 1:40pm Jan 23, 2014 1:40pm
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Morning Strada +7 on EJ One day when Im all grown up Im not going to let whipsawing candles before the breakout scare me out of the position.The 1min TF is very unforgiving when you try to over control or manage your position
Slowing getting there though. Trust you did better....... Rooi {image}
I too find myself being fooled by the undecidedness off PA before the break-out like today on GU my initial target was yesterday's high but with the zig zag manner PA was moving in I adjusted my target to the then Asian Session Range High, needless to say price just blew past my target and left me without being able to rejoin the train.
I was away for the rest of the day and I saw all the pips left on the table.
I came back and came across this article in my mail box and I applied it retrospectively to see how it could have been of help and I see now that I would have held on for 2 or 3 Reward multiples instead of settling for just 1.
I will take the liberty of posting the link it's all about using the Fib tool to set target in a way that simplifies Fibonacci.
http://www.learntotradethemarket.com...Jt8jTwn4bHwtMW
Let me say that I'm not affiliated to these people am just on their mailing list and this is the best thing I've learnt all year.
Let it turn and find your entry.
- #285
- Jan 23, 2014 4:41pm Jan 23, 2014 4:41pm
- Joined Sep 2013 | Status: Such a Silly Game It is | 198 Posts
{quote} Nice! Im done for today. See you guys in the morning
I have been following your thread since beginning and it has shaped nicely.
That's some consistent result!!!
Please can you share that indicator that shows daily,weekly and monthly pivots and support/resistant.
Thanks
Be Greedy
Dices Return This Week:
na
- #286
- Jan 24, 2014 12:07am Jan 24, 2014 12:07am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
We miss 100% of the shots we don't take
- #287
- Jan 24, 2014 1:19am Jan 24, 2014 1:19am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
Morning
Decided to add GJ to the pairs I trade.(did a lot of back testing last night and I like the movement with it)
Now its just forward testings
So I trade EU,GU,EJ and GJ.
There is enough action in there to find what ever I need.
I do not like EU and GU where they are at the moment and so I traded GJ this morning
+17 on two trades (and as Im typing this GJ moving nicely)
Im done for the day and week what live trading is concerned.
Will be doing some more testing and watching.
Regards
Rooi
Decided to add GJ to the pairs I trade.(did a lot of back testing last night and I like the movement with it)
Now its just forward testings
So I trade EU,GU,EJ and GJ.
There is enough action in there to find what ever I need.
I do not like EU and GU where they are at the moment and so I traded GJ this morning
+17 on two trades (and as Im typing this GJ moving nicely)
Im done for the day and week what live trading is concerned.
Will be doing some more testing and watching.
Regards
Rooi
We miss 100% of the shots we don't take
- #288
- Edited 1:59am Jan 24, 2014 1:32am | Edited 1:59am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Morning Decided to add GJ to the pairs I trade.(did a lot of back testing last night and I like the movement with it) Now its just forward testings So I trade EU,GU,EJ and GJ. There is enough action in there to find what ever I need. I do not like EU and GU where they are at the moment and so I traded GJ this morning +17 on two trades (and as Im typing this GJ moving nicely) Im done for the day and week what live trading is concerned. Will be doing some more testing and watching. Regards Rooi
Just bought EJ at 7:03 and closed at 7:29 for +23 - chart later - too busy now....
Edit: long GU in 7:32 bar....
Trading Levels with WRBs
- #290
- Jan 24, 2014 1:47am Jan 24, 2014 1:47am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
{quote} Snap....and I do not trade EU or GU before 7:30 GMT
Well Done. I also got GJ for 18. the key is where it is right now. I took the money and ran, but if it breaks this 172.25 are ...quick to 40 ish...if breaks that 63 area easy. i believe if you look at the chart a run end of week could be in the works......just my .02. A rejection here also gives great pips on a retest of session lows.
Nicely done sirs
Taking notes and collecting lots of info about them moment.
Rooi
We miss 100% of the shots we don't take
- #292
- Jan 24, 2014 1:56am Jan 24, 2014 1:56am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
Morning, On EJ today, just as well gu signal followed soon after I opened first ej trade, it was a bit of a rollercoaster for a while.
Anyway chart below, 2 trades. First went to just over +6, 2nd one didn't actually use the signal bar for entry but used the one 2 bars previous after price dropped back a bit, got a good fill. On the way up reset stop initially at +10 then after next leg up reset at +20 and exited on that.
After the first 2 weeks of Jan I'd had a good profit and raised the stakes for this week and now my profit for this month so far is where I would have wanted it to be for the month so I'm going to have a break and take off somewhere next week, so see you in february.
Have a good day all, strada.
Anyway chart below, 2 trades. First went to just over +6, 2nd one didn't actually use the signal bar for entry but used the one 2 bars previous after price dropped back a bit, got a good fill. On the way up reset stop initially at +10 then after next leg up reset at +20 and exited on that.
After the first 2 weeks of Jan I'd had a good profit and raised the stakes for this week and now my profit for this month so far is where I would have wanted it to be for the month so I'm going to have a break and take off somewhere next week, so see you in february.
Have a good day all, strada.
- #294
- Jan 24, 2014 1:59am Jan 24, 2014 1:59am
- Joined Jan 2010 | Status: Trader | 1,448 Posts
Out 09 -16 ...grrrrrr gave up all of first win - spread.
+ spread. Sorry...net +2 total for Asia
+ spread. Sorry...net +2 total for Asia
- #295
- Jan 24, 2014 2:06am Jan 24, 2014 2:06am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Morning, On EJ today, just as well gu signal followed soon after I opened first ej trade, it was a bit of a rollercoaster for a while. Anyway chart below, 2 trades. First went to just over +6, 2nd one didn't actually use the signal bar for entry but used the one 2 bars previous after price dropped back a bit, got a good fill. On the way up reset stop initially at +10 then after next leg up reset at +20 and exited on that. After the first 2 weeks of Jan I'd had a good profit and raised the stakes for this week and now my profit for this month so...
Trading Levels with WRBs
- #296
- Jan 24, 2014 2:08am Jan 24, 2014 2:08am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
Morning, On EJ today, After the first 2 weeks of Jan I'd had a good profit and raised the stakes for this week and now my profit for this month so far is where I would have wanted it to be for the month so I'm going to have a break and take off somewhere next week, so see you in february. Have a good day all, strada. {image}
Glad to hear your very well.Certainly a nice example of what can be done with disciple,experience and good MM.
Enjoy the time off
Regards
Rooi
We miss 100% of the shots we don't take
- #298
- Jan 24, 2014 2:12am Jan 24, 2014 2:12am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #299
- Jan 24, 2014 2:19am Jan 24, 2014 2:19am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
+2 total for Asia
No sweat.
There is plenty of time left for London and NY
:nerd:
We miss 100% of the shots we don't take