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Time based transient/recurrent zones trading

  • #21
  • Jun 16, 2015 3:00am Jun 16, 2015 3:00am
Quoting ephisi
{quote} New termination point for the next few hours on eurusd trade is 1.1240. Price could head in any direction below there
Done . Termination point cleared on eurusd. Any pips below 1.1239 is spill over. Eurusd could go either way from here on out
  • #22
  • Jun 16, 2015 5:13am Jun 16, 2015 5:13am
Just realized i missed eurjpy short from 139.60. The trade is in line with the trend of the past 6days. My bad. Eurusd now at my initial profit level which i forcasted. GBPUSD is bullish but dont be suprised to se 100 to 200pip correction. Looking to short usdcad around 1.2380
  • #23
  • Jun 16, 2015 9:44am Jun 16, 2015 9:44am
Missed a great entry on audusd around 0.7790 area nnd target below 0.7635 clearnnce levels. Taken late entry short at 0.7753
  • #24
  • Jun 16, 2015 7:47pm Jun 16, 2015 7:47pm
Quoting ephisi
Missed a great entry on audusd around 0.7790 area nnd target below 0.7635 clearnnce levels. Taken late entry short at 0.7753
Closed trade in profit. Expecting a spike up on audusd above 0.7749/0.7770 to reenter short at better prices. Waiting for confirmation to go long. 0.7677 is the new minimum level to be cleared later
  • #25
  • Jun 16, 2015 8:09pm Jun 16, 2015 8:09pm
Quoting ephisi
{quote} Closed trade in profit. Expecting a spike up on audusd above 0.7749/0.7770 to reenter short at better prices. Waiting for confirmation to go long. 0.7677 is the new minimum level to be cleared later
Early entry at 0.7719. Needed to wait another 1hr 30mins to 2hrs before long but the dip is too tempting.
  • #26
  • Jun 16, 2015 11:34pm Jun 16, 2015 11:34pm
Quoting ephisi
{quote} Early entry at 0.7719. Needed to wait another 1hr 30mins to 2hrs before long but the dip is too tempting.
I think this is a good call. Joining you at 7723.
Keep it going mate!
A pip is only worth it if you know how much you risked to earn it
  • #27
  • Jun 16, 2015 11:54pm Jun 16, 2015 11:54pm
Quoting vlady1974
{quote} I think this is a good call. Joining you at 7723. Keep it going mate!
Thanks mate for the encouragement.
  • #28
  • Jun 17, 2015 12:00am Jun 17, 2015 12:00am
Quoting ephisi
{quote} Thanks mate for the encouragement.
Added at 7714, expecting 7760, taking my target at 7750
A pip is only worth it if you know how much you risked to earn it
  • #29
  • Jun 17, 2015 12:18am Jun 17, 2015 12:18am
Quoting vlady1974
{quote} Added at 7714, expecting 7760, taking my target at 7750
Great, 7750 is the minimum we should clear with maybe some extra
  • #30
  • Jun 17, 2015 1:24am Jun 17, 2015 1:24am
Quoting ephisi
{quote} Closed trade in profit. Expecting a spike up on audusd above 0.7749/0.7770 to reenter short at better prices. Waiting for confirmation to go long. 0.7677 is the new minimum level to be cleared later
My previous minimum level to be cleared to te short side was 0.7677.
It turn out audusd may ha decided to resolve higher timeframae problem lower before lower timeframe higher. So i will add anothe long below 0.7677. if i had realized i oould have waite for lower prices to close short and enter long. You can never really predict the market pip for pip
  • #31
  • Jun 17, 2015 1:29am Jun 17, 2015 1:29am
Quoting ephisi
{quote} My previous minimum level to be cleared to te short side was 0.7677. It turn out audusd may ha decided to resolve higher timeframae problem lower before lower timeframe higher. So i will add anothe long below 0.7677. if i had realized i oould have waite for lower prices to close short and enter long. You can never really predict the market pip for pip
Like a compressed spring being let loose i exeect price to spike up any time soon and quickly
  • #32
  • Jun 17, 2015 1:42am Jun 17, 2015 1:42am
Quoting ephisi
{quote} My previous minimum level to be cleared to te short side was 0.7677. It turn out audusd may ha decided to resolve higher timeframae problem lower before lower timeframe higher. So i will add anothe long below 0.7677. if i had realized i oould have waite for lower prices to close short and enter long. You can never really predict the market pip for pip
Added audusd long @ 0.7689 close enough to 0.7677 just in case support holds and repels price before clearance
  • #33
  • Jun 17, 2015 1:44am Jun 17, 2015 1:44am
Quoting vlady1974
{quote} Added at 7714, expecting 7760, taking my target at 7750
Got stopped out for -10.
It was a low risk play. But I believe you're right in your recent posts, the long side is being resolved from the lower.
A pip is only worth it if you know how much you risked to earn it
  • #34
  • Jun 17, 2015 1:51am Jun 17, 2015 1:51am
Quoting ephisi
{quote} Added audusd long @ 0.7689 close enough to 0.7677 just in case support holds and repels price before clearance
LOL. Added 7692, still aiming for 7660ish

Anyway... I made a trade selection mistake this morning. I actually hesitated in self doubt and in that moment lost the initiative. I should have closed my AUDNZD trades in profit and swapped for GBPAUD on a short time window whilst the AUD news sorted itself out this week, then got back in at a better price. Now GBPAUD is 200 pips higher. Damn!
A pip is only worth it if you know how much you risked to earn it
  • #35
  • Jun 17, 2015 1:51am Jun 17, 2015 1:51am
Quoting vlady1974
{quote} Got stopped out for -10. It was a low risk play. But I believe you're right in your recent posts, the long side is being resolved from the lower.
Yeah you win some you loose some.I believe so it will go up soon. I know to well that TZs fail and may not always work. Just followin my charts i may be wrong though
  • #36
  • Jun 17, 2015 1:54am Jun 17, 2015 1:54am
Quoting vlady1974
{quote} LOL. Added 7692, still aiming for 7660ish Anyway... I made a trade selection mistake this morning. I actually hesitated in self doubt and in that moment lost the initiative. I should have closed my AUDNZD trades in profit and swapped for GBPAUD on a short time window whilst the AUD news sorted itself out this week, then got back in at a better price. Now GBPAUD is 200 pips higher. Damn!
Wow cool. We are in sync then. sorry about your selections. You just have too stick to what your charts says. If it says go in then go in it is. I understand the self doubt though! Afterall we are humans
  • #37
  • Jun 17, 2015 1:56am Jun 17, 2015 1:56am
Quoting ephisi
{quote} Added audusd long @ 0.7689 close enough to 0.7677 just in case support holds and repels price before clearance
Its dmmage control time! Wish i held my shorts for th iniiial target. This is why i use low risk so i can add posiions, could still end up win win.
  • #38
  • Jun 17, 2015 4:30am Jun 17, 2015 4:30am
I reflected on the decisions i made. Learnt an important lesson. I was supposed to let my first signal reach its target before starting the second signal. Should have bagged 80pips on that audusd short trade and 120pips if i hadnt entered late. Need to scan my currency pairs better.now price is hesitating just under 0.7677 i called
  • #39
  • Jun 17, 2015 10:42am Jun 17, 2015 10:42am
Stops in place before FOMC. Made a mistake today. Hope to do better tomorrow
  • #40
  • Jun 17, 2015 11:15am Jun 17, 2015 11:15am
Quoting ephisi
Stops in place before FOMC. Made a mistake today. Hope to do better tomorrow
Still played out as i expected but FOMC is not a report to mess with. Had to close my longs.
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