DislikedEUR/USD and USD/CAD are giving some multi-timeframe momentum entries that have done pretty well so far... though its early days yet. Seems we are back to these three currencies dominating the market. Both pairs have been generous with the pips over recent months.Ignored
Multi-Lot Multi-Timeframe Position trading
- #1,161
- Edited 7:39am Mar 31, 2015 7:11am | Edited 7:39am
- Joined Apr 2010 | Status: Trader | 1,101 Posts
- #1,162
- Mar 31, 2015 1:47pm Mar 31, 2015 1:47pm
{quote} Yes. We can go back to the well. The USD is strong and is likely to remain so for the near future with the next move by the Fed already known to be in the direction of strengthening the greenback. Oil prices will settle down as soon as it's clear the middle east is not going to blow up soon, and the CAD will fall with them. The EU has finally accepted that a little inflation might not be a bad thing, albeit very late in the game. Predictions of Euro parity are reasonable. Pay attention to entries though.
again thanks for your very valueable and informative thoughts and knowledge.....
Have a nice day
- #1,163
- Apr 2, 2015 10:23am Apr 2, 2015 10:23am
- Joined Apr 2010 | Status: Trader | 1,101 Posts
Getting ready for a 10 day vacation. You guys can have all my pips while I'm gone 
Enjoy!
Getting ready for a 10 day vacation. You guys can have all my pips while I'm gone
I hope you had a well deserved rest. I wanted to show you what I have been up to while you were away. This is my first go at trying to put all the pieces together after I had sorted out some stuff(technical and psychological) for myself.
EU has taken off to the downside again, and this time I was waiting to participate. Fortunately my Entries have improved significantly such that I went Short 3 times, first on the 1st PullBack then twice more on mini PBs at local extremes. I closed my initial Probe at +78 and now have 2 running positions well into Floating Profit. Sl is set at the second AO Entry which if hit should close down my trades with an additional +95 for my Bank next week. If this is all I get, the net will be +~170 for this particular episode. Not bad when I add the +95 from an EJ Probe closed this week as well.
I was happy with the temporal and price spacing, but at the end of the week a bit of a retrace is underway. I think that I will probably wait for the NYO to try to get a feel for the start of the week before acting on a 3rd AO. In general Sundays have not been kind to me.
A couple of personal observations: 1) no way, no how could I have gotten to this point without your guidance 2) your approach is almost relaxing compared to the frenzy associated with other approaches. For sure it is a Hell of a lot safer.
Many Thanks, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
{quote} Hi Lemna, My EU trade is running well. Took my initial position off for +78 and now sitting with +93 on my next position. BE set and waiting for a PB to enter my second per G on Post #807. Technicals and Fundis seem favorable. Maybe we can get a run at Parity. Good Luck, AG
I'm in with the risk off, let's see how it goes