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Attachments: NZD/USD
Exit Attachments

NZD/USD

  • #4,061
  • Apr 2, 2014 11:08pm Apr 2, 2014 11:08pm
out at 8541
+58pips
In trading, you have to be defensive and aggressive at the same time
  • #4,062
  • Apr 2, 2014 11:25pm Apr 2, 2014 11:25pm
Quoting Davit
out at 8541 +58pips
Good exit, i came out at .8555 I hope i will learn to remain in trade with proper guidelines and practice periodically.
  • #4,063
  • Apr 2, 2014 11:42pm Apr 2, 2014 11:42pm
Quoting azfarjaved
{quote} Good exit, i came out at .8555 I hope i will learn to remain in trade with proper guidelines and practice periodically.
One standard method is to move SL to break even and after that you got a free trade, relax and let it go..
worst it can happen you get stopped out with zero loss.
Keep in mind that often price goes into a range while its important to let the trade run its also important to take profits and reenter in rallies and dips if the condition of the original trade is still valid.
For example I closed my shorts but if price rallies to my original starting point 8570 or even 8560 I will go in short again.In Jan I made 18% on GU shorting on every swing.
It does take time....don't stress yourself
In trading, you have to be defensive and aggressive at the same time
  • #4,064
  • Apr 2, 2014 11:43pm Apr 2, 2014 11:43pm
Quoting Davit
out at 8541 +58pips
Congrats, Sir!

I'm still holding short from .8670, .8531, .8500
Would like to see test .8520/0.8500 support
  • #4,065
  • Apr 2, 2014 11:47pm Apr 2, 2014 11:47pm
Quoting Davit
{quote} One standard method is to move SL to break even and after that you got a free trade, relax and let it go.. worst it can happen you get stopped out with zero loss. Keep in mind that often price goes into a range while its important to let the trade run its also important to take profits and reenter in rallies and dips if the condition of the original trade is still valid.
Right dear, thanks. I once again entered Sell Limit @ .8570
Will it be ok or should i change it?
  • #4,066
  • Apr 2, 2014 11:52pm Apr 2, 2014 11:52pm
Quoting azfarjaved
{quote} Right dear, thanks. I once again entered Sell Limit @ .8570 Will it be ok or should i change it?
that's fine just trade small until you know what you are doing.
http://www.harmonictrader.com/
Go above link and download free harmonic ebook by Scott Carney (top left green color)
It will teach you price movements.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,067
  • Apr 2, 2014 11:53pm Apr 2, 2014 11:53pm
Quoting atria
{quote} Congrats, Sir! I'm still holding short from .8670, .8531, .8500 Would like to see test .8520/0.8500 support
Thank you Atria
I am shifting my focus to GU lot of legs there...
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,068
  • Apr 2, 2014 11:56pm Apr 2, 2014 11:56pm
Gidday NZ

Well thought we would see a bounce

can't believe I am the only one

in the solar system that has longs under water.

China was talking about pumping up the market

they fart an NZ would crawl back up the mountain.
  • #4,069
  • Apr 3, 2014 12:22am Apr 3, 2014 12:22am
Quoting eliteincome
Gidday NZ Hi Davit Got a we short in at the top also an a few lower down If it breaks 0.87 The greedy bastards are holding there longs an buying on dips
From what you posted looks like you were short.What happened to you?Switched to long?
In trading, you have to be defensive and aggressive at the same time
  • #4,070
  • Apr 3, 2014 12:41am Apr 3, 2014 12:41am
Quoting Davit
{quote} Thank you Atria I am shifting my focus to GU lot of legs there... Regards
So do I, lets move to GU. I have pending sell order on GU.
Meanwhile, I moved my SL for NU. No more zero loss
  • #4,071
  • Apr 3, 2014 1:14am Apr 3, 2014 1:14am
looking for Long at ...
Attached Image (click to enlarge)
Click to Enlarge Name: apr3nzdusddaily.png Size: 41 KB
not euphoria follower
  • #4,072
  • Apr 3, 2014 1:17am Apr 3, 2014 1:17am
Quoting Davit
{quote} From what you posted looks like you were short.What happened to you?Switched to long?

Hi Davit


Thought it was going to keep going

to 0.88. An held on to some longs.

The shorts all got smoked out

Not the end off the world as we know it

Thinking it should reload

must admit it has come back quiet a lot
  • #4,073
  • Apr 3, 2014 1:23am Apr 3, 2014 1:23am
Attached Image

Rock on kiwi
  • #4,074
  • Apr 3, 2014 1:27am Apr 3, 2014 1:27am
Quoting eliteincome
{quote} Hi Davit Thought it was going to keep going to 0.88. An held on to some longs. The shorts all got smoked out Not the end off the world as we know it Thinking it should reload must admit it has come back quiet a lot
sorry friend
Just do me a favor please ignore all posters who post delirious numbers like 88 and one guy even posting 90-1.00
I posted sound reasoning why fundamentals don't support 88.Forums can be negative because often you might get influenced from others.
Stick to your trading plan and please do have a plan.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,075
  • Apr 3, 2014 1:46am Apr 3, 2014 1:46am
Quoting Davit
Closed all positions Too many pips to count. Positions were duplicate on 2 accounts.Its over +800 pips {image}
Max drawdown around -900 then?
  • #4,076
  • Apr 3, 2014 1:56am Apr 3, 2014 1:56am
Quoting EmeraldEyes
{quote} Max drawdown around -900 then?
Less more like -600 but I trade within my account so no panics
total pips were +1120
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,077
  • Apr 3, 2014 2:49am Apr 3, 2014 2:49am
BuyLimit at 85.30, SL 84.95 and BuyLimit 84.60, SL 84.25. What do you think?
  • #4,078
  • Apr 3, 2014 2:49am Apr 3, 2014 2:49am
With the move we are seeing on the NZDUSD, you cant help but to wonder if the bullish move up last week was a fake breakout....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #4,079
  • Apr 3, 2014 2:54am Apr 3, 2014 2:54am
Quoting Jure86
BuyLimit at 85.30, SL 84.95 and BuyLimit 84.60, SL 84.25. What do you think?
Be aware with your RR, since this is heaviest drop of NZD for the past weeks (from 0.8060 uptrend).
  • #4,080
  • Apr 3, 2014 3:53am Apr 3, 2014 3:53am
Retrace to 0,851X was expected. We finally got there.

Long 6 lots @0,8516. SL 0,8466, TP 0,8616 (1/3), 0,8641 (1/3), 0,8666 (1/3). RR 1:2 as usual.
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