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Discovering An Edge

  • #201
  • Jun 29, 2015 10:19am Jun 29, 2015 10:19am
AN closed +10 +6..... Currently long EC from opening of current hourly bar ...half off +10...remained is +25.... Trailing....
  • #202
  • Jun 29, 2015 10:21am Jun 29, 2015 10:21am
Quoting panamamike
AN closed +10 +6..... Currently long EC from opening of current hourly bar ...half off +10...remained is +25.... Trailing....
Oh man! I missed out on that one cos I was with a colleague at work sorting out a support query. Grrrr!
Nice move too, off the 15M 200EMA
A pip is only worth it if you know how much you risked to earn it
  • #203
  • Jun 29, 2015 10:22am Jun 29, 2015 10:22am
TS hit +27
  • #204
  • Jun 29, 2015 10:23am Jun 29, 2015 10:23am
missed entry at current bar opening GU ......just hit 10 d ATR. ..... Oh well.....NEXT!
  • #205
  • Jun 29, 2015 10:26am Jun 29, 2015 10:26am
Valdy....check pm when u are able...
  • #206
  • Jun 29, 2015 10:31am Jun 29, 2015 10:31am
Ecad still climbing....no worries....will keep TS tight all week due to headline driven uncertainties.
  • #207
  • Jun 29, 2015 10:38am Jun 29, 2015 10:38am
Quoting panamamike
Valdy....check pm when u are able...
Yup, just did. Sent you back a PM with the goods!
A pip is only worth it if you know how much you risked to earn it
  • #208
  • Jun 29, 2015 11:11am Jun 29, 2015 11:11am
long ACad..... .9505
  • #209
  • Jun 29, 2015 11:23am Jun 29, 2015 11:23am
Quoting panamamike
long ACad..... .9505
That could be a good one, but my 15M says that reversion is about to kick in. Having said that, the prev 1H is strong.
A pip is only worth it if you know how much you risked to earn it
  • #210
  • Jun 29, 2015 11:30am Jun 29, 2015 11:30am
Quoting vlady1974
{quote} That could be a good one, but my 15M says that reversion is about to kick in. Having said that, the prev 1H is strong.
Ok, I'm in.

Long AUDCAD 9513.1, target undecided
Long AUDNZD 11211.2, target 11477 (revised from 11482)
A pip is only worth it if you know how much you risked to earn it
  • #211
  • Jun 29, 2015 11:31am Jun 29, 2015 11:31am
my target is monthly open price to start.
  • #212
  • Jun 29, 2015 11:40am Jun 29, 2015 11:40am
half off +10.....trailing remainder....
  • #213
  • Jun 29, 2015 11:54am Jun 29, 2015 11:54am
Another example of the 10 d ATR.....
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  • #214
  • Jun 29, 2015 12:10pm Jun 29, 2015 12:10pm
TS hit +14 on AC
  • #215
  • Jun 29, 2015 12:43pm Jun 29, 2015 12:43pm
FWIW.....IMO, today's huge EUR rally is merely quarter end profit taking.......look at the 3 month move in EUR against all the majors. It has been very profitable very quickly ..... But I also think that Wednesday and Thursday will see this unwind again. I will trade whichever way it happens, but I see BIG profits to the downside from these levels. Just my.02
  • #216
  • Jun 29, 2015 1:41pm Jun 29, 2015 1:41pm
Quoting panamamike
FWIW.....IMO, today's huge EUR rally is merely quarter end profit taking.......look at the 3 month move in EUR against all the majors. It has been very profitable very quickly ..... But I also think that Wednesday and Thursday will see this unwind again. I will trade whichever way it happens, but I see BIG profits to the downside from these levels. Just my.02
Oh I'm huge bear on the EUR which is why I've been long on Dollar. LOL But I've given up on trying to get in on the "top" of that Wave 4 correction. I'm actually glad it popped down via Greece cos at least the directional bias has been confirmed somewhat. Still haven't shorted it, though.... not in a rush. Lots of other great pickings!
A pip is only worth it if you know how much you risked to earn it
  • #217
  • Jun 29, 2015 1:59pm Jun 29, 2015 1:59pm
Quoting vlady1974
{quote} Oh I'm huge bear on the EUR which is why I've been long on Dollar. LOL But I've given up on trying to get in on the "top" of that Wave 4 correction. I'm actually glad it popped down via Greece cos at least the directional bias has been confirmed somewhat. Still haven't shorted it, though.... not in a rush. Lots of other great pickings!
I don't take any positions until my system says to and my CSM agrees. Hence, I am never picking tops or bottoms. I trade only hourly opens.
  • #218
  • Jun 29, 2015 2:15pm Jun 29, 2015 2:15pm
well....I don't normally trade Asia, but these are not normal times. I will check out the action at Tokyo open.
  • #219
  • Edited Jun 30, 2015 4:17am Jun 29, 2015 2:19pm | Edited Jun 30, 2015 4:17am
Quoting panamamike
FWIW.....IMO, today's huge EUR rally is merely quarter end profit taking.......look at the 3 month move in EUR against all the majors. It has been very profitable very quickly ..... But I also think that Wednesday and Thursday will see this unwind again.
Also a very likely possibility Mike, adding to month end/quarter end flows, is a re-balance of euro hedges.
Regards

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14:04 EDT - Today has all the makings of a broad risk-off trade due to Greece: stocks are down while safe-haven Treasury's and Japanese yen are up. But the euro is staging a comeback, with it now up 0.8% at $1.125 after trading as much as 3c below that overnight. Why? Nomura raises the idea of euro hedges needing to be re-balanced in the face of weaker European stocks. The investment bank notes about EUR150B of positions from foreign investors have accumulated in European equity markets so far this year, of which perhaps 70% is hedged. A 5% decline in the Stoxx Europe 600 would be about EUR5B of euro to buy, estimates Nomura. The index fell 2.7% today, the most since Oct. 15.
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  • #220
  • Jun 29, 2015 2:29pm Jun 29, 2015 2:29pm
imho e/u is a bull trap. the most likely scenario is sharp fall. orders from oanda:

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