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  • #7,001
  • Sep 3, 2014 1:33am Sep 3, 2014 1:33am
Quoting USD-Bear
{quote} next level @ 26380 HKG33 D1: {image}
took a while but on the run again

HKG33 D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0002.png Size: 81 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #7,002
  • Sep 3, 2014 10:14pm Sep 3, 2014 10:14pm
Good morning.

EA long triggered tonight at 4044, took half off so s/l paid. Slim chance of survival, and I will play it by the ear, first target is actually 422x-area. If we reach, in my book a lot of higher targets open up.
ECad: I guess I will stop trading this for a while, had a great short signal yesterday for 4290, took the short and got stopped out with slippage (6 pips...) only to see the target hit. Went long there (target is 441x), stopped out by 2 pips. The obvious solution is: larger s/l. But that would be against 'the rules'. As ECad has hit me this time quite often, I should take a break there...
GU: happy I didn't take the long, and today is probably not the day to set any new trade before the news.

@Bear: I think I need a source for those pills you use, great trade!
Fail better.
  • #7,003
  • Sep 4, 2014 4:16am Sep 4, 2014 4:16am
Quoting LarryDarrell
Good morning. EA long triggered tonight at 4044, took half off so s/l paid. Slim chance of survival, and I will play it by the ear, first target is actually 422x-area. If we reach, in my book a lot of higher targets open up. ECad: I guess I will stop trading this for a while, had a great short signal yesterday for 4290, took the short and got stopped out with slippage (6 pips...) only to see the target hit. Went long there (target is 441x), stopped out by 2 pips. The obvious solution is: larger s/l. But that would be against 'the rules'....
I'm curious - why? is it RR wise or something else
Patience is a virtue...
  • #7,004
  • Sep 4, 2014 5:02am Sep 4, 2014 5:02am
Quoting hadox
buying some euro at 1.313x..
obviously didn't work, there is apparently only one way in the euro atm..
Patience is a virtue...
  • #7,005
  • Sep 4, 2014 6:36am Sep 4, 2014 6:36am
3102, and then some. Flat shorts now, and lost some longs. EA most obvious with a 40 pip (!) slippage, nevertheless s/l saved my butt. EU went long at 3102, here slippage even helped me out, trade wasn't even executed before 3090 and stopped 5 pips later (or 1 theoretical second...). Lost one EU long clean at 3084 and one at 3014, but that was be+.
Wondering where one can short EU now...

The rules: yes, R:R related, theoretically these should work with a very tight s/l. And nice if it does. Regarding crosses Gator once said: exotics need more room, so I have to think about that a little bit more.
Fail better.
  • #7,006
  • Sep 4, 2014 9:10am Sep 4, 2014 9:10am
Quoting LarryDarrell
3102, and then some. Flat shorts now, and lost some longs. EA most obvious with a 40 pip (!) slippage, nevertheless s/l saved my butt. EU went long at 3102, here slippage even helped me out, trade wasn't even executed before 3090 and stopped 5 pips later (or 1 theoretical second...). Lost one EU long clean at 3084 and one at 3014, but that was be+. Wondering where one can short EU now... The rules: yes, R:R related, theoretically these should work with a very tight s/l. And nice if it does. Regarding crosses Gator once said: exotics need more room,...
ahhh, thx..

enjoy the rest of the day

laterzzzz


Inserted Video
Patience is a virtue...
  • #7,007
  • Sep 4, 2014 10:19am Sep 4, 2014 10:19am
Quoting LarryDarrell
3102, and then some. Flat shorts now, and lost some longs. EA most obvious with a 40 pip (!) slippage, nevertheless s/l saved my butt. EU went long at 3102, here slippage even helped me out, trade wasn't even executed before 3090 and stopped 5 pips later (or 1 theoretical second...). Lost one EU long clean at 3084 and one at 3014, but that was be+. Wondering where one can short EU now... The rules: yes, R:R related, theoretically these should work with a very tight s/l. And nice if it does. Regarding crosses Gator once said: exotics need more room,...
Hi Larry, what did just happen today? Can we still pay with our money at the supermarket now? Crazy, crazy, crazy ...
Fix up, trade sharp ...
  • #7,008
  • Sep 4, 2014 10:40am Sep 4, 2014 10:40am
Quoting Hickson
{quote} Hi Larry, what did just happen today? Can we still pay with our money at the supermarket now? Crazy, crazy, crazy ...
Just came back, I paid with ec-card, worked fine. Drinking the beer now, and it tastes the same... I guess this is what stops are for.
What angers me is that I was blowing the 'short EU' horn for four years now, and now I'm flat, and 150 pips too early as well... Well, fuck it. There will be opportunities to short this, and a rebound will come as well. The fundamental situation was years in the making. I'm interested what happens when the property bubble in Germany bursts, because today Supermario provided everybody with an at least mediocre credit rating with additional cheap money.
I hope the SNB keeps its cool and sticks to the cap, otherwise we'll see a very, very nasty drop.
Equities behave strangely, I think, but I'm no expert...
Fail better.
  • #7,009
  • Sep 4, 2014 1:58pm Sep 4, 2014 1:58pm
Quoting LarryDarrell
{quote} Just came back, I paid with ec-card, worked fine. Drinking the beer now, and it tastes the same... I guess this is what stops are for. What angers me is that I was blowing the 'short EU' horn for four years now, and now I'm flat, and 150 pips too early as well... Well, fuck it. There will be opportunities to short this, and a rebound will come as well. The fundamental situation was years in the making. I'm interested what happens when the property bubble in Germany bursts, because today Supermario provided everybody with an at least mediocre...
I did not trade Euro, but it hurt to see how the banksters sell the shit out of their own community called the EU ...
Fix up, trade sharp ...
  • #7,010
  • Sep 4, 2014 5:20pm Sep 4, 2014 5:20pm
Quoting Hickson
{quote} I did not trade Euro, but it hurt to see how the banksters sell the shit out of their own community called the EU ...
sure you didn´t trade eurusd, the biggest opportunity today, blaming "banksters" for doing so - keinen Knopp in der Tasche

http://www.clipfish.de/musikvideos/v...the-hell-song/

sockenpuppe
fortis fortuna adiuvat
  • #7,011
  • Sep 4, 2014 11:07pm Sep 4, 2014 11:07pm
Quoting USD-Bear
{quote} took a while but on the run again HKG33 D1: {image}

nice work bear...
Look Sharp/Trade Tight
  • #7,012
  • Sep 5, 2014 4:44am Sep 5, 2014 4:44am
Quoting USD-Bear
{quote} took a while but on the run again HKG33 D1: {image}
I know you said you would let it run Bear, but in worst case scenario, how much would you let it pullback ?
Patience is a virtue...
  • #7,013
  • Sep 5, 2014 6:04am Sep 5, 2014 6:04am
Good day, remaining fellow traders - the few that are. GBP/NZD daily. Not too shabby ...

https://charts.mql5.com/5/618/gbpnzd...fx-fx-cfds.png
Fix up, trade sharp ...
  • #7,014
  • Sep 5, 2014 1:12pm Sep 5, 2014 1:12pm
Quoting hadox
{quote} I know you said you would let it run Bear, but in worst case scenario, how much would you let it pullback ?
well sounds arrogant, but risking (almost) all progress as long as fundamental views stay unchanged, keep posting here with some levels/technical arguments, but must confess they do not play any role for me besides keeping interested and sharing my joy, it's more an investment for me, with a very attractive leverage.
Still interested in day-trading, but not much luck there lately.
Don't be a hero. Don't have an ego. Always question yourself
  • #7,015
  • Sep 7, 2014 7:09am Sep 7, 2014 7:09am
Quoting USD-Bear
{quote} well sounds arrogant, but risking (almost) all progress as long as fundamental views stay unchanged, keep posting here with some levels/technical arguments, but must confess they do not play any role for me besides keeping interested and sharing my joy, it's more an investment for me, with a very attractive leverage. Still interested in day-trading, but not much luck there lately.
makes good sense when you're combining with fundies, it's a superb trade you got there, you make the saying "you-only-need-one-good-trade" look easy you got a very nice style Bear, I like it a lot..

regarding day-trading, very crap month in FX for me lately, missed the very few and very tiny pullbacks everytime, I guess this is an environment where it's fun to be a breakout trader - and crappy if you're waiting for pullbacks .. just have to wait for the market to calm down or get a bit exhausted I guess..

but thx for your answer - enjoy the rest of the weekend Bear
Patience is a virtue...
  • #7,016
  • Sep 7, 2014 2:45pm Sep 7, 2014 2:45pm
Quoting hadox
{quote} makes good sense when you're combining with fundies, it's a superb trade you got there, you make the saying "you-only-need-one-good-trade" look easy you got a very nice style Bear, I like it a lot.. regarding day-trading, very crap month in FX for me lately, missed the very few and very tiny pullbacks everytime, I guess this is an environment where it's fun to be a breakout trader - and crappy if you're waiting for pullbacks .. just have to wait for the market to calm down or get a bit exhausted I guess.. but thx for your answer - enjoy...
it's difficult hadox to catch those major turns, I only did it once before in 2011 with UJ from 77,50 to 100 and you do need some fundamental thoughts about it to find those turns and a lot of patience and luck in timing. I think as was the case with HKG33 that contrair-thinking is most important. At that time P/E there was about 6,5 and overall views were quite negative that was my trigger to buy, with UJ it was about the same but then it costed me some 10 frustrating month's to get the rewarding move and it came when UJ bulls on FF gave up there idea.
Agree with waiting for the market to calm down and PA normalizes before getting more active in day-trading.
Don't be a hero. Don't have an ego. Always question yourself
  • #7,017
  • Sep 7, 2014 10:37pm Sep 7, 2014 10:37pm
Quoting USD-Bear
{quote} it's difficult hadox to catch those major turns.
How it going fellas.. I see fish jumping in the waters, enough to keep you guys busy ??
  • #7,018
  • Sep 8, 2014 1:08am Sep 8, 2014 1:08am
Good morning.
Hope all is well after the weekend and nobody burned their fingers in the GU gap. I'm sure glad I didn't.
The week after ECB/NFP is my favourite, not so much highly important news (except GU/AU I think), technicals should play out better. Lets see.
Long in EU from 2938, s/l paid, target 2994.
UJ: waiting for 105.50 if we reach to short.
Nothing else.
LD

Edit: here a link to the economist, regarding the scottish vote: http://www.economist.com/blogs/butto...ets-0?fsrc=rss

seems a bit astonishing that something of that importance just now seems to be really thought about. I have the impression that both side of the vote don't really have a clue what will happen if or if not Scotland becomes independent. A bit like the german reunification in reverse...
Fail better.
  • #7,019
  • Sep 8, 2014 11:41pm Sep 8, 2014 11:41pm
Quoting USD-Bear
{quote} it's difficult hadox to catch those major turns, I only did it once before in 2011 with UJ from 77,50 to 100 and you do need some fundamental thoughts about it to find those turns and a lot of patience and luck in timing. I think as was the case with HKG33 that contrair-thinking is most important. At that time P/E there was about 6,5 and overall views were quite negative that was my trigger to buy, with UJ it was about the same but then it costed me some 10 frustrating month's to get the rewarding move and it came when UJ bulls...
yes, a combination of tech and fundies is a strong strategy, unfortunately I'm not strong in fundamentals.. so have to focus on the tech part for now, although I'm learning something every now and then.. but always interesting to hear your thoughts behind your trades Bear
Patience is a virtue...
  • #7,020
  • Sep 10, 2014 9:32am Sep 10, 2014 9:32am
I know it's very risky, but I'm trying some USOil longs @ 91,65
Don't be a hero. Don't have an ego. Always question yourself
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