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Trading from an Experienced and Successful FULL TIME Trader

  • #741
  • Edited 8:14pm Mar 19, 2014 7:01am | Edited 8:14pm
Today, 2 pairs would have been great to trade but unfortunately I missed them mainly because I wanted a better price.

1. USDCAD

Perfect technical setting backed by the fundamentals (Poloz speech yesterday). All the signals lined up.
LONG @ 1.11265. TP @ 60/65 pips. SL @ 20 pips
Rationale: Following Poloz dovish speech yesterday, price broke several resistances the last being 1.11265. Then PA comes back to that level and establish it as new support.

I missed this trade because I was expecting price to come all the way down to 1.11060 but obviously, there were no sellers in the market.

2. XAUUSD

Very strong bearish trend since Monday. I missed all of it
Today, SHORT @ 1358.280. First TP @ 1350.680. SL @ 1368.107

Now I am watching AUDUSD.

Just broke support @ 0.91110 and testing 0.90950. If PA comes back close to 0.91110 and establish a new resistance there (30M chart), then I'll go SHORT with first TP @ 0.90880 (23 pips) and SL @ 0.91250 (14 pips). Price might actually go all the way down to 0.90635 (45 pips +)
  • #742
  • Mar 19, 2014 8:48am Mar 19, 2014 8:48am
Hey Kagbe yea the usdcad was a good opp there, going to work peeps, catch you in the PM.
  • #743
  • Mar 19, 2014 8:57am Mar 19, 2014 8:57am
Quoting mun90
Hey Kagbe yea the usdcad was a good opp there, going to work peeps, catch you in the PM.
Yeah see you in the PM. FOMC is going to make some noise soon
  • #744
  • Mar 19, 2014 9:29am Mar 19, 2014 9:29am
Quoting kagbe
... Now I am watching AUDUSD. Just broke support @ 0.91110 and testing 0.90950. If PA comes back close to 0.91110 and establish a new resistance there (30M chart), then I'll go SHORT with first TP @ 0.90880 (23 pips) and SL @ 0.91250 (14 pips). Price might actually go all the way down to 0.90635 (45 pips +) {image} {image} {image}
The AUDUSD seems to be doing the scenario described above but I am not taking the trade. With FOMC around the corner and Yellen's first press conference, I prefer to stay out of the market.
  • #745
  • Mar 19, 2014 10:10am Mar 19, 2014 10:10am
GBP/AUD is a good oportunity to go short, the resistance at 1827 is fibonacci retracement 23.6%.
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  • #746
  • Mar 20, 2014 12:10am Mar 20, 2014 12:10am
reply to pound aud

so i find the 23.6 is not a good reveral point.. but 50 and 61.8 is. therefore now may be a good opp to short...

in terms of doriots system wise,
got two signals
nice downtrend
near sr line
a nice retracement


but coral is not red
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  • #747
  • Edited 1:50am Mar 20, 2014 1:24am | Edited 1:50am
Guys - Today, I am focussing mainly on the majors after the large moves we've seen yesterday with FOMC and Yellen.

EURUSD: Just shorted @ 1.38460. TP @ 1.38140. SL @ 1.38740

GBPUSD: Looking @ shorting @ 1.65650 with only 1/4 of my normal size. I'll add the additional 3/4 if price gets to 1.65810. The reason I am doing this is that I am not sure price will get to 1.65810 which will be a better entry point but I don't want to completely miss on the potential down movement if price never gets there. TP @ 1.65350. SL @ 1.65950. Please note that the UK economy is quite strong right now with really good data coming out. I'll be quick to lock in profits here.

USDJPY: Long @ 102.060. TP @ 102.540. SL @ 101.850

USDCAD: All fundamentals are against the CAD. Looking to LONG if ever price comes back to 1.11950 but I really doubt that will happen unless CPI figures tomorrow are a little better than expected then there will be a decent retracement. But since the general situation of the Canadian economy won't drastically change with an acceptable CPI, I'll go LONG. TP @ 1.12750. SL @ 1.11540

USDCHF: LONG @ 0.87680. But I'll be careful. If price comes back that low, I'll wait a little to see if it's becoming a good resistance because with such a retracement, it might be that CHF safe haven status is back in play. I'll be locking in profits very quickly.

AUDUSD and NZDUSD: I think I've missed the opportunity for SHORT on these as there have been good retracements during the night. I am still observing them just in case something comes up.

Note: I won't be taking all positions cumulatively. I'll keep my used margin at a max of 5% of my account at all time and no single position will take more than 1% of my total margin.
  • #748
  • Mar 20, 2014 1:50am Mar 20, 2014 1:50am
Quoting kagbe
... GBPUSD: Looking @ shorting @ 1.65650 with only 1/4 of my normal size. I'll add the additional 3/4 if price gets to 1.65810. The reason I am doing this is that I am not sure price will get to 1.65810 which will be a better entry point but I don't want to completely miss on the potential down movement if price never gets there. TP @ 1.65350. SL @ 1.65950. Please note that the UK economy is quite strong right now with really good data coming out. I'll be quick to lock in profits here. ...
Just entered first tranche.
  • #749
  • Mar 20, 2014 1:52am Mar 20, 2014 1:52am
Quoting Adebisi
GBP/AUD is a good oportunity to go short, the resistance at 1827 is fibonacci retracement 23.6%. {image}
glad to see you using bband. it is rare to find bband traders.

good call for short.
i considering it also as h4 showing PB.

cheers
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  • #750
  • Mar 20, 2014 2:08am Mar 20, 2014 2:08am
Quoting kagbe
...EURUSD: Just shorted @ 1.38460. TP @ 1.38140. SL @ 1.38740 ...
Just hit TP. Closed 4/5 of the position (32 pips), move SL to BE and TP to 1.37870.
  • #751
  • Mar 20, 2014 2:17am Mar 20, 2014 2:17am
Quoting kagbe
{quote}

... GBPUSD: Looking @ shorting @ 1.65650 with only 1/4 of my normal size. I'll add the additional 3/4 if price gets to 1.65810. The reason I am doing this is that I am not sure price will get to 1.65810 which will be a better entry point but I don't want to completely miss on the potential down movement if price never gets there. TP @ 1.65350. SL @ 1.65950. Please note that the UK economy is quite strong right now with really good data coming out. I'll be quick to lock in profits here. ...

Just entered first tranche.
Moved SL to BE. Price at 1.65410 (+24 pips)
  • #752
  • Mar 20, 2014 2:40am Mar 20, 2014 2:40am
Quoting kagbe
{quote} Just hit TP. Closed 4/5 of the position (32 pips), move SL to BE and TP to 1.37870.
Closed the 1/5 remaining at 1.38000
  • #753
  • Mar 20, 2014 2:48am Mar 20, 2014 2:48am
Quoting kagbe
...USDCHF: LONG @ 0.87680. But I'll be careful. If price comes back that low, I'll wait a little to see if it's becoming a good resistance because with such a retracement, it might be that CHF safe haven status is back in play. I'll be locking in profits very quickly...
Doesn't seem price will come back that low. Now I will be watching for a much higher resistance becoming a support for a LONG.
  • #754
  • Mar 20, 2014 2:59am Mar 20, 2014 2:59am
Quoting Adebisi
GBP/AUD is a good oportunity to go short, the resistance at 1827 is fibonacci retracement 23.6%. {image}
now i take a short
2 PB shown on h4
let's see how it turns out.
cheers
  • #755
  • Mar 20, 2014 3:01am Mar 20, 2014 3:01am
Quoting kagbe
{quote} Moved SL to BE. Price at 1.65410 (+24 pips)
GBPUSD trade just hit TP. 30 pips.
  • #756
  • Mar 20, 2014 3:03am Mar 20, 2014 3:03am
Quoting pipsel
Im in on AUD/USD
Hey Pipsel - Glad to see you around. You've missed some good opportunities but there are still more to come. Any trade idea or ongoing trade?
  • #757
  • Mar 20, 2014 3:40am Mar 20, 2014 3:40am
Anyone who LONGed USD must be feasting now...
  • #758
  • Mar 20, 2014 5:23am Mar 20, 2014 5:23am
Aliasas'

Inserted Video
Howlin' at the Moon on the Roof
  • #759
  • Mar 20, 2014 8:56am Mar 20, 2014 8:56am
Guys thats great to chat but lets limit this thread to posts only using the system described in Post 1. Thanks.
  • #760
  • Mar 20, 2014 10:49pm Mar 20, 2014 10:49pm
hey kagbe nice eur and pound trades man
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