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Oktoberfest Nightclub

  • #4,261
  • Apr 17, 2014 3:58am Apr 17, 2014 3:58am
Quoting Ken A
Larry don't read too much into it will cloud your trade decision. G/U first place to look with tight stop 1.6879x (lower mofu of monthly confluence with old supply 2009). Slow creeping PA don't drop easily (smart money). Not trading just reading news/data - under the weather due to climate change and no access to terminal.

  • #4,262
  • Apr 17, 2014 4:00am Apr 17, 2014 4:00am
Quoting Ken A
Larry don't read too much into it will cloud your trade decision.
Thanks Ken. I guess I won't, AEP is a fun read, but way too much doom-mongering... Atm just passing time. I always wanted to ask you: how do you get to your longterm targets. I think you still keep some UJ long from 96 or lower, must be hard at times not to close them. Are they just 0.0x-leftovers from bigger orders, or do you hold full positions for this long time?
Fail better.
  • #4,263
  • Apr 17, 2014 4:08am Apr 17, 2014 4:08am
this week trading is not so easy

why ???

watch US Index

2x gaps on upper side and on the downside

upward move to 80.08 is norm and nothing will change this move

only what i don't know is = do we close GAP on the downside before
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  • #4,264
  • Apr 17, 2014 4:11am Apr 17, 2014 4:11am
Quoting LarryDarrell
I always wanted to ask you: how do you get to your longterm targets. I think you still keep some UJ long from 96 or lower, must be hard at times not to close them. Are they just 0.0x-leftovers from bigger orders, or do you hold full positions for this long time?
Yes, they were left over from multiple orders and honestly, keeping positions for too long is very difficult for me to close them against technical or fundamental because of developed sentimental <--- not good. The good part is when things are going my direction will be very nice as buffers to open new positions.

I hold many positions from 2013, E/NZD shorts, E/J longs, A/J longs, N/J longs, etc. They were all left over from multiple orders and don't have plan to close them, the +swaps are nice addition. It's always nice to have floating profits for confidence reason.
  • #4,265
  • Apr 17, 2014 4:13am Apr 17, 2014 4:13am
Quoting Ken A
{quote} Yes, they were left over from multiple orders and honestly, keeping positions for too long is very difficult for me to close them against technical or fundamental because of developed sentimental <--- not good. The good part is when things are going my direction will be very nice as buffers to open new positions. I hold many positions from 2013, E/NZD shorts, E/J longs, A/J longs, N/J longs, etc. They were all left over from multiple orders and don't have plan to close them, the +swaps are nice addition. It's always...
What a nice post - i like this !!!!!

Good work Ken!
  • #4,266
  • Apr 17, 2014 4:14am Apr 17, 2014 4:14am
Quoting Schickeria
this week trading is not so easy why ??? watch US Index 2x gaps on upper side and on the downside upward move to 80.08 is norm and nothing will change this move only what i don't know is = do we close GAP on the downside before {image}
From PA movement looks like everyone is taking early summer vacation or sideline waiting for something big to happen - overall not easy to trade other than scalping here and there.
  • #4,267
  • Apr 17, 2014 4:17am Apr 17, 2014 4:17am
Quoting Ken A
{quote} From PA movement looks like everyone is taking early summer vacation or sideline waiting for something big to happen - overall not easy to trade other than scalping here and there.
as i have said EURCAD to go LONG it should be the best to trade and i'm stil long with full position from 1.5041

as i can see my 1st TP 1.5325 is coming soon
  • #4,268
  • Apr 17, 2014 4:34am Apr 17, 2014 4:34am
Quoting Schickeria
{quote} as i have said EURCAD to go LONG it should be the best to trade and i'm stil long with full position from 1.5041 as i can see my 1st TP 1.5325 is coming soon
You were right - book some profits while you can unless you have confidence E/U will break 1.4 soon. I was having doubt with USD/CAD having big correction and historically inverse correlated with AUD/USD (still waiting for .95 if it ever get there soon).

Have couples of U/CAD longs, one already S/O and one is still running at BE+ but no target set so probably will get S/O sooner or later.

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  • #4,269
  • Apr 17, 2014 4:49am Apr 17, 2014 4:49am
Quoting Ken A
{quote} Yes, they were left over from multiple orders and honestly, keeping positions for too long is very difficult for me to close them against technical or fundamental because of developed sentimental <--- not good. The good part is when things are going my direction will be very nice as buffers to open new positions. I hold many positions from 2013, E/NZD shorts, E/J longs, A/J longs, N/J longs, etc. They were all left over from multiple orders and don't have plan to close them, the +swaps are nice addition. It's always nice to have floating...
Thank you. Hope one day to have this kind of patience and conviction. Great post.
Fail better.
  • #4,270
  • Apr 17, 2014 5:43am Apr 17, 2014 5:43am
Quoting Ken A
{quote} You were right - book some profits while you can unless you have confidence E/U will break 1.4 soon. I was having doubt with USD/CAD having big correction and historically inverse correlated with AUD/USD (still waiting for .95 if it ever get there soon). Have couples of U/CAD longs, one already S/O and one is still running at BE+ but no target set so probably will get S/O sooner or later. {image}
What does it mean S/O ???
  • #4,271
  • Apr 17, 2014 5:57am Apr 17, 2014 5:57am
GBPUSD


if 1.6840 hold target 1.6750

and we need a close below 1.6809
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  • #4,272
  • Edited 6:26am Apr 17, 2014 6:13am | Edited 6:26am
Quoting Hickson
{quote} Du hast Recht, wir sind im monthly ungefähr beim 61 er. Ich sollte echt öfter auf Weekly und Monthly schauen, wenn ich auf dem Daily unterwegs bin. Und der monthly ist immer noch aufwärts - kein lower low. Was meinst du genau mit Impuls?
Impuls ist eine 1-2-3-4-5 wave. Das ist immer ein gutes Zeichen für einen Trendwechsel. Wenn Du sowas siehst wie jetzt beim GBPUSD dannach kommt eine 3 wellige Korrektur und dann ein heftiger drop meistens wieder mit 1-2-3-4-5
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  • #4,273
  • Apr 17, 2014 6:24am Apr 17, 2014 6:24am
Quoting Hickson
{quote} Du hast Recht, wir sind im monthly ungefähr beim 61 er. Ich sollte echt öfter auf Weekly und Monthly schauen, wenn ich auf dem Daily unterwegs bin. Und der monthly ist immer noch aufwärts - kein lower low. Was meinst du genau mit Impuls?
ein puls sieht so aus (meistens korrektiv) also eine Flat

AUDUSD 5 min chart
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  • #4,274
  • Apr 17, 2014 6:26am Apr 17, 2014 6:26am
Quoting Schickeria
{quote} What does it mean S/O ???
Sorry, it's stop-out
  • #4,275
  • Apr 17, 2014 6:31am Apr 17, 2014 6:31am
Quoting Ken A
{quote} Sorry, it's stop-out
ok thanx
  • #4,276
  • Apr 17, 2014 6:43am Apr 17, 2014 6:43am
Quoting Ken A
{quote} Morning Schic, For A/U short term target is .94960 - .95223. If .95 didn't hold can easily test .97571. E/A is showing sign of more downside and immediate target 1.45618. I will be careful shorting A/U and need baby sitting. The risk to short A/U is higher than shorting NZD/USD. A/U Daily {image} E/A H4 {image}
Hi Ken,

AUDUSD recap : May be your level is correct now with 0.94960 - 0.95223. If we don't see now a strong drop your levels for me 100% OK. It looks corrective with one more leg upwards to your levels.

Quoting Schickeria
{quote} Morning Ken, what do you have on AUD/USD as a valid target ? I want to short 0.9455 with target 0.90848
should i close my shorts now or? - i will wait until news.
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  • #4,277
  • Apr 17, 2014 7:01am Apr 17, 2014 7:01am
Quoting Schickeria
{quote} Impuls ist eine 1-2-3-4-5 wave. Das ist immer ein gutes Zeichen für einen Trendwechsel. Wenn Du sowas siehst wie jetzt beim GBPUSD dannach kommt eine 3 wellige Korrektur und dann ein heftiger drop meistens wieder mit 1-2-3-4-5 {image}
1.68037 hit exactly

next move to 1.68185 - 1.68340 area
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  • #4,278
  • Apr 17, 2014 7:25am Apr 17, 2014 7:25am
GBP pending Sell 0.05 .6825 / TP.6751 (15.04 daily high .674803)

not sure if it get hit with actual PA
just do it
  • #4,279
  • Apr 17, 2014 7:29am Apr 17, 2014 7:29am
Quoting Schickeria
{quote} 1.68037 hit exactly next move to 1.68185 - 1.68340 area {image}
as i can see some broker don't reach the 1.68037

so we have finished the wave 1
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  • #4,280
  • Apr 17, 2014 7:33am Apr 17, 2014 7:33am
Quoting thodie
GBP pending Sell 0.05 .6825 / TP.6751 (15.04 daily high .674803) not sure if it get hit with actual PA


may be we never reach 6825 yesterdays high @ 1.6819 strong R
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