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Trading opportunities

  • #81
  • Nov 3, 2014 9:46am Nov 3, 2014 9:46am
Quoting ARTjoMS
{quote} I am just aiming to catch technical pullback. It had gone to almost 200% extension and there are often some kind of pullbacks. Besides that there was that tight range which I find just perfect for this kind of situation. But to be honest - I missed that there are news and because of that I do slightly regret taking that trade - I could have been stepped out already.
I see, technicals are very powerful, my point was only that sometime the market go in "full retard mode", and technical analysis are totally ignored during the whole "full retard" time.

The big thing about the jpy pairs is that bank of japan have expanded its qe some days ago, printing now annually around 84 trillion yens (from around 50 previously), now that's a 30trillion yen difference, and the market is just pricing in this.
With this i don't say that jpy pairs will continue going up of 200pips everyday forever, mmm i really have no idea where the equilibrium price will be, but for now they will continue going up untill such point is reached, regardless of 161% 200% 261% extensions etc., anyway that's just how i see xxx/jpy pairs.

Let's be careful!
  • #82
  • Edited 10:57pm Nov 3, 2014 10:34pm | Edited 10:57pm
NzdJpy:
is the trading idea still a good one?
Let's see
Attached Image (click to enlarge)
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  • #83
  • Edited Nov 4, 2014 12:44am Nov 3, 2014 10:42pm | Edited Nov 4, 2014 12:44am
And eurusd, above yesterday highs, may as well be an opportunity.

Edit:
I closed this one at +1, there is something that doesn't really persuade me on the bearish scenario, i keep the nzdjpy trade running though.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 20 KB
  • #84
  • Nov 4, 2014 4:16am Nov 4, 2014 4:16am
So...
the eur cannot be sold (no matter how much negative eur news or positive usd news, the eurusd seems unable to go down for now).

Why not buy it then, maybe not against the dollar as it can be considered still countertrend.

A look at eurjpy, make sense?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 22 KB
  • #85
  • Nov 4, 2014 6:46am Nov 4, 2014 6:46am
USDJPY was in a tight range, but now it looks like breaking to the upside.
  • #86
  • Nov 4, 2014 7:13am Nov 4, 2014 7:13am
Quoting ARTjoMS
USDJPY was in a tight range, but now it looks like breaking to the upside.
yep i've loaded on usdjpy too, in this way (long ej and long uj) i'm somehow neutral eurusd, but really jpy exposed.

mmm... i'm going to put stops at +1 as soon as prices break the high of today, hopefully soon

Edit:
about nzdjpy i closed at +1 it just bored the shit out of me
  • #87
  • Nov 4, 2014 7:43am Nov 4, 2014 7:43am
may i be damned
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 20 KB
  • #88
  • Nov 4, 2014 8:17am Nov 4, 2014 8:17am
Quoting tunera
may i be damned {image}
ok, ej, uj, eu, i'm out of all, each in little profits.
The game is still on, but a whole choppy day and i don't trust too much the idea to see a big move for today, so let's be safe.

good enough
  • #89
  • Nov 4, 2014 8:37am Nov 4, 2014 8:37am
Quoting tunera
One last thing (after this post, i will let the thread make it's own path, anybody is invited to contribute here!). From what i've learned in my life as a trader, there is one thing that mark the line between successful and unsuccessful forex traders. That very thing is, the trend. Successful traders trade always in the same direction of the current trend. Unsuccessful traders trade always in the opposite direction of the current trend. Now, this is the very reason why the idea of this thread is to share trading opportunities, that go in the same...
Hello tunera,
I am the guy in the robot (by the way, today, I've been working on Trade Explorer). I've been watching your thread, and I really like the philosophy quel same, as their only rule. So I subscribed to follow closely.
I have a definition of trend. A trend in the same grade, begins with a reverse pattern, the same grade, and ends in a reverse pattern, the same level as before.
This means that we can find trends in any timeframe. And each of these tendencies be part of a higher-order (degrees).
The question is: When you talk about trend, you mean those trends we see in daily timeframe, or H1-H4 timeframe, or else you mean the type of trend in smaller timeframes?
A trend always starts against trend, using a reverse pattern or by a failure in the last preceding wave. Would this be worth you as "opportunity," or, you mean a trend already established, expect a retracement and go?
Thank you for your attention. I like this thread.
Donde hay Patron no manda Marinero
  • #90
  • Nov 4, 2014 10:04am Nov 4, 2014 10:04am
Quoting Patron
{quote} A trend always starts against trend, using a reverse pattern or by a failure in the last preceding wave. Would this be worth you as "opportunity," or, you mean a trend already established, expect a retracement and go? Thank you for your attention. I like this thread.
Hi, i remenber you of course, i hope to see more about your robot!

I think you have found exactly the point, the idea is to avoid going against strong trends, but the really important thing is to buy low and sell high, so i always like to go against a dying trend and collect profits when it reverse.

I tried for many years to do the opposite (buy when price is going up and sell when price is going down), but it's really not good for my account.

So, the best thing for me is buy low sell high, i buy during a down-wave, and sell during an up-wave.

Every trade idea is worth as opportunity, i mean how can we have strict rules if the market itself don't have strict rules?

Take care!
  • #91
  • Nov 4, 2014 10:06am Nov 4, 2014 10:06am
By the way, usdjpy again pulsating on the radar.

May this be a good one?
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Click to Enlarge Name: USDJPYM5.png Size: 18 KB
  • #92
  • Nov 5, 2014 2:11am Nov 5, 2014 2:11am
Quoting tunera
By the way, usdjpy again pulsating on the radar. May this be a good one? {image}
Donde hay Patron no manda Marinero
  • #93
  • Nov 8, 2014 8:08pm Nov 8, 2014 8:08pm
Hi guys, I have this feelings that this piece of information can be use to improve trading decision. Did anyone know how we can use it?
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  • #94
  • Nov 8, 2014 9:38pm Nov 8, 2014 9:38pm
Quoting usmanumar082
Hi guys, I have this feelings that this piece of information can be use to improve trading decision. Did anyone know how we can use it? {image}
It's simple, if more than 50% of guys is long, the major trend is down.
And opposite for uptrend.

But it is like watch the people in the street, and assume that when they use an umbrella, it is/will be raining.

you better look the sky by yourself to see the real informations, what other people do is not your/our business
  • #95
  • Nov 8, 2014 11:36pm Nov 8, 2014 11:36pm
Quoting tunera
By the way, usdjpy again pulsating on the radar. May this be a good one? {image}
If you took this it would have reaped a nice profit
Time waits for no one
  • #96
  • Nov 9, 2014 7:14am Nov 9, 2014 7:14am
Quoting tunera
{quote} It's simple, if more than 50% of guys is long, the major trend is down. And opposite for uptrend. But it is like watch the people in the street, and assume that when they use an umbrella, it is/will be raining. you better look the sky by yourself to see the real informations, what other people do is not your/our business
Got that tunera. Thank you.
  • #97
  • Nov 9, 2014 8:01am Nov 9, 2014 8:01am
Tunera which side do you think more emphasis should be put on, is't the % of the traders or % of the Lots (Volume)? If you observe the image for EURUSD there are more short than the long in term of % traders but there are more long than short in term of Lots. Vice versa for GBPUSD and for USDJPY I think is ok, less traders less lots for the Long and more traders more lots for the short.
  • #98
  • Nov 9, 2014 9:20am Nov 9, 2014 9:20am
Quoting usmanumar082
Tunera which side do you think more emphasis should be put on, is't the % of the traders or % of the Lots (Volume)? If you observe the image for EURUSD there are more short than the long in term of % traders but there are more long than short in term of Lots. Vice versa for GBPUSD and for USDJPY I think is ok, less traders less lots for the Long and more traders more lots for the short.
I used to give a constant look to what the retail community is doing, i don't do it anymore but if you like it i suggest you to look the myfxbook outlook:
http://www.myfxbook.com/community/outlook/EURUSD (eurusd for example)

FF have a very low number of traders with a trade explorer, so i would be very careful in using such data for statistical informations.
I gave you the myfxbook link because the number of traders there is much bigger and many of them are real traders, so the overall data sample collected is a decent one (for example, as for now, eurusd long 4564 lots short 3336 lots, different from the 70lots of FF traders).

Good luck!
  • #99
  • Nov 9, 2014 12:50pm Nov 9, 2014 12:50pm
Quoting tunera
{quote} I used to give a constant look to what the retail community is doing, i don't do it anymore but if you like it i suggest you to look the myfxbook outlook: http://www.myfxbook.com/community/outlook/EURUSD (eurusd for example) FF have a very low number of traders with a trade explorer, so i would be very careful in using such data for statistical informations. I gave you the myfxbook link because the number of traders there is much bigger and many of them are real traders, so the overall data sample collected is a decent one (for...
My Appreciation. Thank you Tunera.
  • #100
  • Nov 9, 2014 5:59pm Nov 9, 2014 5:59pm
Can this be even possible?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 21 KB
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