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  • #891,361
  • Apr 20, 2014 10:37pm Apr 20, 2014 10:37pm
Quoting Davit
Decided to start my shorts 2x3810
what is your target ??
  • #891,362
  • Apr 20, 2014 10:38pm Apr 20, 2014 10:38pm
Quoting johncena
{quote} what is your target ??
3809
The Thief of Wall Street
  • #891,363
  • Apr 20, 2014 10:40pm Apr 20, 2014 10:40pm
Quoting Davit
{quote} I placed limit shorts at 3850 3880 39 but now wondering maybe I should start now in case it never makes it up those numbers although its only Monday...
Makes sense. Those are good areas in my onion. I would prefer just under 1.3900. Because this would be a position trade for me, I wouldn't mind entering near this area.
1.3695/37 and deeper looks nice on the weekly. Although Chicky's 1.4025ish makes since on a break higher. I just don't see the point though. It's already had it's day in the sun above 1.3900 and couldn't hack it. If it got above those levels then the ECB is likely to step in.

If that's the case, a low leverage position trade is more supported by that thesis.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-18-TOS_EURUSD.png Size: 142 KB
When the facts change I change my mind, what do you do sir
  • #891,364
  • Apr 20, 2014 10:41pm Apr 20, 2014 10:41pm
Quoting Chicky
Do you ever wonder why many of High, Medium or Low Impact members never talk about their weekend houses, rolexes, sport cars, Yachts, International Travels, expensive hotels or restaurants, etc I mean all the things that they enjoy from their forex profits.
I guess they get tired of it by the time they are back to work?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #891,365
  • Apr 20, 2014 10:41pm Apr 20, 2014 10:41pm
Quoting johncena
{quote} what is your target ??
depends but I usually hold trades for 80+pips
In trading, you have to be defensive and aggressive at the same time
  • #891,366
  • Apr 20, 2014 10:55pm Apr 20, 2014 10:55pm
Quoting Pip Anon
{quote} Makes sense. Those are good areas in my onion. I would prefer just under 1.3900. Because this would be a position trade for me, I wouldn't mind entering near this area. 1.3695/37 and deeper looks nice on the weekly. Although Chicky's 1.4025ish makes since on a break higher. I just don't see the point though. It's already had it's day in the sun above 1.3900 and couldn't hack it. If it got above those levels then the ECB is likely to step in. If that's the case, a low leverage position trade is more supported by that thesis. {image}
I am also in opinion we may have already reached the Top for at least end of May.Elections in May and I anticipate 1.35 by Elections

Anon
Also keep an eye on NU.We may get good rally up to April 23rd IR decision (experts agree another .25 increase making it 3% highest currency)
87+Great number to short.NU is overpriced by huge margin.
One can short with confidence from 87 aggressively.
In trading, you have to be defensive and aggressive at the same time
  • #891,367
  • Apr 20, 2014 10:58pm Apr 20, 2014 10:58pm
Quoting KiwiTrada
{quote} yup My focus is trying to build positions for May, things a pretty screwed up with correlations, would like to see symmetry building also, Cable is offering probably the best trade presently (short) but if geppy remains rogue to kiwi and aussie a depreciating gbp will not help geppy bulls so right now its to hard to call Cable 6847 -6877 a zone worth trying to get an entry for short, Im thinking the possability of a pull back is very good, best seen on weekly chart ( this is not short term targeting, I would expect a pullback of 1000 pips...

I see decent consolidation on an hourly basis for Cable, I have alerts set for a break of 1.6780 and will probably seriously consider shorts there with a stop above 1.6810.

I am trying to position long the dollar broadly, I'd like to mainly bet against NZD, ZAR and EUR. Will see how UK retail sales looks this week, recent PMIs sucked but the drop in the unemployment rate took away some of my hopes for bearishness in GBP. I still think its overshot though and should at least see 1.6250 in Q2. I am still thinking the UK economy is about to slow- http://trendersgame.com/2014/04/08/u...es-a-breather/
Twitter: @TrendersGame
  • #891,368
  • Apr 20, 2014 10:59pm Apr 20, 2014 10:59pm
Quoting Avir
{quote} I guess they get tired of it by the time they are back to work?
I think its for a different reason. They want new traders here to focus on their trading and not take unncessary risk. Like I mentioned many a times, it took me more than 17 years to make my first million and then another five to turn that sum to 36. But that was very long time ago.
The Thief of Wall Street
  • #891,369
  • Apr 20, 2014 11:05pm Apr 20, 2014 11:05pm
Quoting Davit
{quote} I am also in opinion we may have already reached the Top for at least end of May.Elections in May and I anticipate 1.35 by Elections Anon Also keep an eye on NU.We may get good rally up to April 23rd IR decision (experts agree another .25 increase making it 3% highest currency) 87+Great number to short.NU is overpriced by huge margin.
Kiwi (I assume the NU) is kind of in the same boat. It makes huge moves and huge corrections. IDK if we'll see another increase so soon. The only thing I can say, although a small economy, it's actually growing from what I've read. Traders have been so bullish on the rate decision for months.

Could see a drop to .8450 while .8600 will like pose as resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-18-TOS_NZDUSD.png Size: 165 KB
When the facts change I change my mind, what do you do sir
  • #891,370
  • Apr 20, 2014 11:07pm Apr 20, 2014 11:07pm
Quoting Chicky
{quote} I think its for a different reason. They want new traders here to focus on their trading and not take unncessary risk. Like I mentioned many a times, it took me more than 17 years to make my first million and then another five to turn that sum to 36. But that was very long time ago.
True and i feel happy seeing your post

Tnx
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #891,371
  • Apr 20, 2014 11:30pm Apr 20, 2014 11:30pm
Quoting Davit
{quote} depends but I usually hold trades for 80+pips
Ok Thanks just trying to copy this trade of yours please let me when you close your short trades
Thanks again
  • #891,372
  • Apr 20, 2014 11:32pm Apr 20, 2014 11:32pm
Quoting johncena
{quote} Ok Thanks just trying to copy this trade of yours please let me when you close your short trades Thanks again
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,373
  • Apr 20, 2014 11:32pm Apr 20, 2014 11:32pm
Quoting johncena
{quote} Ok Thanks just trying to copy this trade of yours please let me when you close your short trades Thanks again
I could be wrong
In trading, you have to be defensive and aggressive at the same time
  • #891,374
  • Apr 20, 2014 11:40pm Apr 20, 2014 11:40pm
Quoting Citiboy
{quote} I see decent consolidation on an hourly basis for Cable, I have alerts set for a break of 1.6780 and will probably seriously consider shorts there with a stop above 1.6810. I am trying to position long the dollar broadly, I'd like to mainly bet against NZD, ZAR and EUR. Will see how UK retail sales looks this week, recent PMIs sucked but the drop in the unemployment rate took away some of my hopes for bearishness in GBP. I still think its overshot though and should at least see 1.6250 in Q2. I am still thinking the UK economy is about to...
I have done ok with gbp prs
chart is weekly, she has been ranging for almost 6years bascially since the 2008 crash, and right now she hovering at the top of this range, very important levels Im thinking, she has potential for big up or down

This is not my priority, 2008 and prior there have been numerous 1000+ pip trades, since she has been in range there have been limited chances, I have put in 1000 pip levels using the present resistance as a reference, of course if you start with a different level the other levels will be different, but what it shows me is this level has potential for a 1000 pip trade, they don't come up very often, but when they do they are worth considering, and accordingly the trading style / method must change
My "guess" is if this resistance zone is breached and retested a "reasonably quick 1000 pips north is on the cards, if it holds, like wise a 1000 pips south, maybe not as quick, but definitely on the cards

Also considering we are going into May makes this trade option even more exciting

My belief is once a trader has achieved a large successful trade, they rarely if ever go back to small time frames other than to scalp or position trade :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly April 2014.png Size: 94 KB
If you are new to Forex? Say Goodbye to your account!!
  • #891,375
  • Apr 21, 2014 1:20am Apr 21, 2014 1:20am
Quoting johncena
{quote} Ok Thanks just trying to copy this trade of yours please let me when you close your short trades Thanks again
I am not sure if it was a sarcastic remark but being right or wrong is less important than how one manages risk and their accounts. No one can be right all the time but everyone can manage risk all the time. SLs for shorts should preferable be above 1.3828 for a bid to catch 80 or so pips. We are still not there.
The Thief of Wall Street
  • #891,376
  • Apr 21, 2014 1:27am Apr 21, 2014 1:27am
Quoting Chicky
{quote} I am not sure if it was a sarcastic remark but being right or wrong is less important than how one manages risk and their accounts. No one can be right all the time but everyone can manage risk all the time. SLs for shorts should preferable be above 1.3828 for a bid to catch 80 or so pips. We are still not there.
Here is the level
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled11112.jpg Size: 75 KB
The Thief of Wall Street
  • #891,377
  • Apr 21, 2014 1:35am Apr 21, 2014 1:35am
For me no valid setup till now ... so out of market

Soon will get a chance to be in ....

Re-Incarnated
  • #891,378
  • Apr 21, 2014 1:39am Apr 21, 2014 1:39am
Quoting KiwiTrada
{quote} I have done ok with gbp prs chart is weekly, she has been ranging for almost 6years bascially since the 2008 crash, and right now she hovering at the top of this range, very important levels Im thinking, she has potential for big up or down This is not my priority, 2008 and prior there have been numerous 1000+ pip trades, since she has been in range there have been limited chances, I have put in 1000 pip levels using the present resistance as a reference, of course if you start with a different level the other levels will be different, but...
not likely north 1000 pips for cable. Give it 300 pips to reach 1.71 to be knocked down by strong resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: cable-spx - i7860-TDA_192.png Size: 450 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #891,379
  • Apr 21, 2014 1:40am Apr 21, 2014 1:40am
Quoting primejarvis
For me no valid setup till now ... so out of market Soon will get a chance to be in ....
No. You are not out of market, just out of trade.

What is a valid setup for you?
The Thief of Wall Street
  • #891,380
  • Apr 21, 2014 2:08am Apr 21, 2014 2:08am
Kiyoo, saanp soong gaya hai sub ko?

So quiet here? Was there any snake around?
The Thief of Wall Street
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