do the opposite of the above for EURNZD, i.e. should current 1hr close bearish, shorts rule.
- #183
- Jan 5, 2015 7:04am Jan 5, 2015 7:04am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
here is my NZDCHF buy entry. this is a new 1,000 USD account and i got 5 open trades here, 4 sells and 1 buy. one of the Shorts was off a 4hr SellStop because i knew i would not be present at my trading station to take the trade should the Sell Signal materialise.
the trade size is still tiny to account for illiquid pairs & markets since not all participants are at their jobs yet and to give the new account a conservative head start as well as a boost to my confidence.
the trade size is still tiny to account for illiquid pairs & markets since not all participants are at their jobs yet and to give the new account a conservative head start as well as a boost to my confidence.
- the horizontal light blue dash line represents short term resistance.
- the horizontal purple and khaki lines represent 4hr and Daily Buy Zones.
- #185
- Jan 5, 2015 11:30pm Jan 5, 2015 11:30pm
- Joined Mar 2007 | Status: Trader | 1,190 Posts
took a counter trend short trade few minutes ago on the USDCHF inpart to protect current gains and to partake in any deep reversal before UpTrend resumes.
The 1st trade which naturally is a long trade since the Weekly + Monthly Trends are Up. 
The 1st trade which naturally is a long trade since the Weekly + Monthly Trends are Up.
- Only one trade at a full lot was taken of this specific account which was opened in December 2014.
- this long trade more than doubled the tiny account
- an 18 pip SL is in place, see 1hr chart below
- i anticipate a retracement to around par
- this is the 1st time if moved to protect gains by a ct trade
i'm toying with the idea to open more accounts with 1 or 2 more brokers. i found that i treat each account differently, not on purpose though, it just happened that way.
- #186
- Jan 6, 2015 1:59am Jan 6, 2015 1:59am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
recent trades one short in direction of main trend, EURNZD
one long probe because i'm noticing reversal signs in direction of main weekly trend., but as i mentioned in some of my posts of yesterday...long/buy position trades of several weeks will incur heavy interest chargers in this pair, EURAUD. one the chart i've written my entry reasons
Stiff overhead resistance from 4730 to 4780 Will monitor how it will negotiate these resistances which may leave tracks and clues as to whether it will breakout above or stall and reverse.
one long probe because i'm noticing reversal signs in direction of main weekly trend., but as i mentioned in some of my posts of yesterday...long/buy position trades of several weeks will incur heavy interest chargers in this pair, EURAUD. one the chart i've written my entry reasons
Stiff overhead resistance from 4730 to 4780 Will monitor how it will negotiate these resistances which may leave tracks and clues as to whether it will breakout above or stall and reverse.
- #189
- Jan 6, 2015 2:50am Jan 6, 2015 2:50am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
i'm very bullish on the USDCAD pair. Here is my reply to a member of this forum, Copernicus, with his own thread, Diversified Trend Trading... http://www.forexfactory.com/showthre...=514163&page=8
look it up if u wish...he post charts of several longer term tf's and than presents his views. i'm re-posting my reply to him with his permission. My post to his thread was on the 27 December 2014. Post #156 on page 8
i hope his image comes out in this post, if not, than i will make a screenshot of his chart and post it here.
here is his extracted chart;
look it up if u wish...he post charts of several longer term tf's and than presents his views. i'm re-posting my reply to him with his permission. My post to his thread was on the 27 December 2014. Post #156 on page 8
i hope his image comes out in this post, if not, than i will make a screenshot of his chart and post it here.
hi Copernicus,
- #192
- Jan 6, 2015 3:02am Jan 6, 2015 3:02am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
{quote} Still a buy at these levels?
my comment to Copernicus was based on Long term direction...have a look at the tf of that chart.
- #195
- Jan 6, 2015 3:23am Jan 6, 2015 3:23am
- Joined Mar 2007 | Status: Trader | 1,190 Posts
update on 2 trades of earlier...the short trade in direction of Weekly Trend is in some gains, while the other long trade also in direction of its weekly trand are in some losses., but the trade is not invalidated yet...we trying to go long at the Tip of the Weekly Up candle {hopefully] but mainly to see if the probe sticks to clear the way for new shorty term buys.
