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EUR/JPY, GBP/JPY, NZD/JPY

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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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SimpleFib Trading

  • #61
  • Feb 25, 2014 9:56am Feb 25, 2014 9:56am
Quoting 786 trading
{quote} Ohh you were short in gold. Can you please post the chart. Thanks.
haha so sorry i mistakenly quoted your post.
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  • #62
  • Feb 25, 2014 9:58am Feb 25, 2014 9:58am
Quoting simoneg
EA long closed +40pips. Shorts open: EJ, GJ, NJ {image} {image} {image}
Closed these shorts +84pips
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  • #63
  • Edited 10:31am Feb 25, 2014 10:20am | Edited 10:31am
Long EJ, GJ & NJ...
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  • #64
  • Feb 25, 2014 11:08am Feb 25, 2014 11:08am
Waiting to see how this bar closes in the stall area above the swing short on EURAUD.
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  • #65
  • Feb 25, 2014 11:44am Feb 25, 2014 11:44am
Quoting simoneg
Long EJ, GJ & NJ... {image} {image} {image} {image}
Longs closed +43pips.
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  • #66
  • Feb 25, 2014 11:58am Feb 25, 2014 11:58am
Quick pips still better on the H4 chart if trading intra day.
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  • #67
  • Feb 25, 2014 12:16pm Feb 25, 2014 12:16pm
NZDJPY
I am short this pair at the Daily minor swing resistance, targeting extended bear target #1.

GBPJPY
Double failure at Daily medium term swing resistance, targeting medium term swing support.

NZDUSD
Sell limit @ Daily minor swing resistance, targeting extended bear target #1.

That's it for me this week. Out of here! Happy Trading all!
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  • #68
  • Feb 25, 2014 1:22pm Feb 25, 2014 1:22pm
Quoting simoneg
GBPJPY Double failure at Daily medium term swing resistance, targeting medium term swing support.
You were previously long on GJ? is that still active and are you hedging or you closed them already and then short it?
  • #69
  • Feb 25, 2014 1:36pm Feb 25, 2014 1:36pm
Quoting 786 trading
{quote} You were previously long on GJ? is that still active and are you hedging or you closed them already and then short it?
No hedging 786. I closed those longs (post 65)
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  • #70
  • Feb 25, 2014 2:06pm Feb 25, 2014 2:06pm
Quoting simoneg
{quote} No hedging 786. I closed those longs (post 65)
ahh sorry lazy student
Do you wait to hit the targets or when you see the pa on s/r , you close them early?
If you get some time please and easy for you then explain that how you went long and then closed it and then you went short.

Regards
  • #71
  • Feb 25, 2014 2:14pm Feb 25, 2014 2:14pm
Quoting 786 trading
{quote} ahh sorry lazy student Do you wait to hit the targets or when you see the pa on s/r , you close them early? If you get some time please and easy for you then explain that how you went long and then closed it and then you went short. Regards
Hey 786, I will respond in a bit...in another 2hours or so. My busy time of day.
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  • #72
  • Feb 25, 2014 6:23pm Feb 25, 2014 6:23pm
Be back in the morning. Absolutely exhausted. Totally forget about my EA trade plan. Hope you capitalized. Ciao ciao!
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  • #73
  • Feb 25, 2014 9:15pm Feb 25, 2014 9:15pm
Quoting simoneg
Be back in the morning. Absolutely exhausted. Totally forget about my EA trade plan. Hope you capitalized. Ciao ciao!
No problem no rush; take it easy
we can have some other next time. I will post my charts for your guidance and advise.
Currently I have two active trades : short on cable (GU) and long in GbpJpy; Daily on GU looks short setup so I am willing to hold it till first target at least.
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  • #74
  • Feb 25, 2014 10:28pm Feb 25, 2014 10:28pm
Quoting simoneg
{quote} No prob 786. The hottest areas on the fib are the 19.1 and 80.9. Once you have a swing on which price is retracing into these you are almost guaranteed a positive trade. When price is stalling at the long or short level, we trade in the direction of the stall. Finally, retracements that succeed at the 91.1 or 80.9 will go for the extended targets of 2.27 or -1.27 respectively. Hope this helps. {image}
Hi Simoneg,
Trying to understand the details here. Once entered, do u close trade at immediate next level or hold till that swing's bull/bear target is hit?
  • #75
  • Feb 26, 2014 2:32am Feb 26, 2014 2:32am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
PA Close below 50% but bounce on 38,2% several times. and On LO they breach 38,2% but rejected by Trend Line, and TL still bullish. i expecting PA close above 50% then i will long from there. Need your comment sensei.
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  • #76
  • Feb 26, 2014 4:13am Feb 26, 2014 4:13am
Quoting 786 trading
{quote} ahh sorry lazy student Do you wait to hit the targets or when you see the pa on s/r , you close them early? If you get some time please and easy for you then explain that how you went long and then closed it and then you went short. Regards
Hi 786, when I take a trade I monitor on that entry bar at s/r levels; if short I monitor short level and support, if long I monitor long level and resistance, if I am not able to move stop to entry first. Remember nothing is guaranteed and this week, the market is yet to clearly declare direction, so long commitments (to targets) are difficult. I believe I posted my long view on these pairs before. I will check for those charts.
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  • #77
  • Feb 26, 2014 4:14am Feb 26, 2014 4:14am
Quoting 786 trading
{quote} No problem no rush; take it easy we can have some other next time. I will post my charts for your guidance and advise. Currently I have two active trades : short on cable (GU) and long in GbpJpy; Daily on GU looks short setup so I am willing to hold it till first target at least. {image}{image}{image}
These pairs are positively correlated for the most part so be careful.
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  • #78
  • Feb 26, 2014 4:18am Feb 26, 2014 4:18am
Quoting Ravelt
PA Close below 50% but bounce on 38,2% several times. and On LO they breach 38,2% but rejected by Trend Line, and TL still bullish. i expecting PA close above 50% then i will long from there. Need your comment sensei. {image}

Nice trade Ravelt! But again don't know what the commitment is at the moment. And here we are....
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  • #79
  • Feb 26, 2014 4:19am Feb 26, 2014 4:19am
Quoting binwang2
{quote} Hi Simoneg, Trying to understand the details here. Once entered, do u close trade at immediate next level or hold till that swing's bull/bear target is hit?
Hi binwang, I answered this in post 76.
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  • #80
  • Feb 26, 2014 4:23am Feb 26, 2014 4:23am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting simoneg
{quote} Nice trade Ravelt! But again don't know what the commitment is at the moment. And here we are.... {image}
Where is the ideal SL ? a lil bit confused to decide
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