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  • #14,901
  • Oct 23, 2014 10:24am Oct 23, 2014 10:24am
Okay took a short here, Ill add the more it goes, if it doesnt, i dont
Its my last trade for today anyway. Liquidity is decreasing.
  • #14,902
  • Oct 23, 2014 10:37am Oct 23, 2014 10:37am
Quoting ssaqeel
way to go @ray bro . i salute your patience on these trades {quote}
Thank you ssaqeel but no reason to salute me
  • #14,903
  • Oct 23, 2014 10:40am Oct 23, 2014 10:40am
Quoting FX-Ray
Okay took a short here, Ill add the more it goes, if it doesnt, i dont Its my last trade for today anyway. Liquidity is decreasing.

Where do you see your initial TP? 172? 171?
  • #14,904
  • Oct 23, 2014 10:41am Oct 23, 2014 10:41am
Quoting Vermillion
{quote} Where do you see your initial TP? 172? 171?
If its goes down first TP is current daily low @ 171.75
  • #14,905
  • Oct 23, 2014 11:02am Oct 23, 2014 11:02am
Quoting FX-Ray
{quote} If its goes down first TP is current daily low @ 171.75
What about SL?
  • #14,906
  • Oct 23, 2014 11:04am Oct 23, 2014 11:04am
Im done for today, hope every1 had a good day.
  • #14,907
  • Oct 23, 2014 11:04am Oct 23, 2014 11:04am
Quoting Vermillion
{quote} SL?
Im already out. If I´d be in SL: 173.60
  • #14,908
  • Oct 23, 2014 11:07am Oct 23, 2014 11:07am
Hmm, huge rally and the DOW and S&P 3M and Caterpillar blew out earnings. Looking for a sell since I missed that leg up. 176 maybe.
Be humble or be humbled.
  • #14,909
  • Oct 23, 2014 11:20am Oct 23, 2014 11:20am
Quoting Vermillion
{quote} What about SL?
Wait until it gets back into 173.40/20 and decide there. Either its support and continuation to 176.40/20 or it becomes resistance again und tests the previous daily lows.
  • #14,910
  • Oct 23, 2014 12:30pm Oct 23, 2014 12:30pm
Quoting FX-Ray
{quote} Yes I hope that too, I really would love to see some traders in here would get profitable because of me. e.g. I see big potential in IveGotQuads, Im glad I could push him a bit, maybe he gonna make it big time, well time will tell {image}
I love this film (Into the Wild). Just recently hired it out. It's sitting on a nearby bench, waiting for me to re-watch it. I think some traders I've noticed share that free spirit.
  • #14,911
  • Oct 23, 2014 12:44pm Oct 23, 2014 12:44pm
Quoting FX-Ray
{quote} Fundamentals are up, so any X/JPY pair should go up in the intermediate- and longterm. Its just sentiment pushed down the pairs. The only question is: When will it resume? Thats it, no more no less, imho.
waiting for that moment,
looking at X/JPY:

e/j seems the weakest.
u/j is the strongest.

a/j - chf/j - nzd/j moderate potential.

g/j would be the best to trade when the main trend kicks in.

I hold a seperate account for this only
  • #14,912
  • Oct 23, 2014 12:55pm Oct 23, 2014 12:55pm
I'm Selling GJ 173.60, My sl @ 174.05 My tp 173.20,172.70,172.30 and 171.00. Lets see where it goes now
Money never sleeps I can hear the dollar calling me
  • #14,913
  • Oct 23, 2014 1:13pm Oct 23, 2014 1:13pm
Quoting shivam332
I'm Selling GJ 173.60, My sl @ 174.05 My tp 173.20,172.70,172.30 and 171.00. Lets see where it goes now
Was also considering, (pulled out with one whole pip - given the choppiness). Will look to short immediately after Asian session.
  • #14,914
  • Oct 23, 2014 1:20pm Oct 23, 2014 1:20pm
Quoting Didgeridoo
{quote} Was also considering, (pulled out with one whole pip - given the choppiness). Will look to short immediately after Asian session.
Money never sleeps I can hear the dollar calling me
  • #14,915
  • Oct 23, 2014 2:16pm Oct 23, 2014 2:16pm
Quoting FX-Ray
{quote} Yes I hope that too, I really would love to see some traders in here would get profitable because of me. e.g. I see big potential in IveGotQuads, Im glad I could push him a bit, maybe he gonna make it big time, well time will tell {image}
I definitely owe you, I know that much. Thanks for the input and all.... so I decided to post my trades on explorer rather than talk about it as time is not my friend at the moment with work. Ever since I could adjust my trades on MT4 trader app (very bad idea) on my iphone I get to watch the trades more often than not and take profits because of extreme FEAR...bought @ the sweet reversal spot @ 172.02 this morning only to close the trade at the slightest bearish candle. (in fact bought again @ 172.38 and closed the trade again only to see it get to the TP target I ignored @ 172.80 and 173.30 Very very disheartening seeing so much pips left on the table at this time of the year.
  • #14,916
  • Oct 23, 2014 2:23pm Oct 23, 2014 2:23pm
Quoting FX-Ray
{quote} Yes I hope that too, I really would love to see some traders in here would get profitable because of me. e.g. I see big potential in IveGotQuads, Im glad I could push him a bit, maybe he gonna make it big time, well time will tell {image}
"Happiness is only real when shared. Into the wild"
Quoting FX-Ray
{quote} Ego? Screw it! Wanna curse now, that thing called 'ego' only caused pain and dissapointment in my life, I prefer not to have one
Words to live by Ray.
Ghost Rider - WWTBMD?
  • #14,917
  • Oct 23, 2014 2:26pm Oct 23, 2014 2:26pm
I definitely have to work on those profit targets and implementing a trailing stop which I have never really used. Any ideas would be good, I used to go for the 55 pip profit for every 20 pip risk but it is definitely not optimal with Gbp/yen's increased volatility and ADR of 150's... kudos to the traders that made green today. clearly some opportunities although it is tough to some extent with the whipsaws and misdirections.
  • #14,918
  • Oct 24, 2014 1:42am Oct 24, 2014 1:42am
Quoting IveGotQuads
I definitely have to work on those profit targets and implementing a trailing stop which I have never really used. Any ideas would be good, I used to go for the 55 pip profit for every 20 pip risk but it is definitely not optimal with Gbp/yen's increased volatility and ADR of 150's... kudos to the traders that made green today. clearly some opportunities although it is tough to some extent with the whipsaws and misdirections.
I hear ya in the whole risk/reward scenario. I mean, it works well with a pair like the E/U, but I've left plenty of pips on the table this week because of doing things like 2:1 trades. I just play mostly off the risk with this pair. Start small with something like 0.7% risk on the initial trade, leave the TP open (depending on the time of the day that is), and add in another position once I have confirmation of the move. Shortly after, set both SL's close together so it's a small loss. Setting it to break even has whipped me out of a couple of trades, so I still take a small hit in some cases.

Then just ride it out, see how it's doing a few hours later (usually during the london/ny cross), and set a nice sized-TP, and cycle my stops to a profit area in case it turns back around. I've only been doing this with forex tester, but so far the results are looking pretty good.
  • #14,919
  • Oct 24, 2014 2:28am Oct 24, 2014 2:28am
Quoting FX-Ray
@Workingforex Adjust your stop now, lock dat 490 Pips
Took some above 173.40 again and left some with a stop at 172.90, still hanging on them! Looks like a strong momentum, sellers have not stepped on the peddle at the minute it seems, the news will definitely give a push (will be watching closely, expecting it to be down-push) but won't mind getting stopped out on these at 172.90.

Will keep posting. Once again!
  • #14,920
  • Edited 4:22am Oct 24, 2014 4:08am | Edited 4:22am
Quoting 4xNewGuy
{quote} I hear ya in the whole risk/reward scenario. I mean, it works well with a pair like the E/U, but I've left plenty of pips on the table this week because of doing things like 2:1 trades. I just play mostly off the risk with this pair. Start small with something like 0.7% risk on the initial trade, leave the TP open (depending on the time of the day that is), and add in another position once I have confirmation of the move. Shortly after, set both SL's close together so it's a small loss. Setting it to break even has whipped me out of a couple...

hey thanks for the input yeah I had seen that tester, will check it out on the weekend. Some bearish opportunities on the Gbp/yen. Depending on the close of this present candle I will be placing a sell order around 173.74 its looking good so far ...

that move was too deep , so got in @ 173.62 off course with reduced position size due to more risk ... we've done our part now its up to Mr market. Gl to all
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