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Discovering An Edge

  • #341
  • Jun 30, 2015 12:28pm Jun 30, 2015 12:28pm
Quoting panamamike
{quote} Nice trading my friend.....
Thanks Mike, really appreciate it. Your leading me to revisit CSM has been instrumental in getting me into this flow!
A pip is only worth it if you know how much you risked to earn it
  • #342
  • Jun 30, 2015 12:38pm Jun 30, 2015 12:38pm
fantastic! Glad to be of some assistance. Your trading has been fantastic to start the week......keep it going my friend
  • #343
  • Jun 30, 2015 11:40pm Jun 30, 2015 11:40pm
Morning All!
 
Open trades: Long
AUDCAD @ 9635
EURCAD @ 13943
USDCAD @ 12495
 
Pendings:
Long USDCAD @ 12501
Short EURUSD @ 11128
Short EURAUD @ 14404
A pip is only worth it if you know how much you risked to earn it
  • #344
  • Jun 30, 2015 11:48pm Jun 30, 2015 11:48pm
MADASH (Moving Average Dashboard)
50EMA
100EMA
200EMA
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A pip is only worth it if you know how much you risked to earn it
  • #345
  • Edited Jul 1, 2015 12:15am Jun 30, 2015 11:55pm | Edited Jul 1, 2015 12:15am
Short Term strength on AUD
CAD weakness all round is attractive to me.
EUR has always been a short bias, except for ECAD, pending shorts under lows or opens. Not gonna try to pick swing tops...waist of time for me. Instead, I can predict with certainty, USD strength.
Â
Edit:
I'm considering a pending Long on AUDCHF, underlying pair being AUDUSD which also shows upward bias. Alerts set for buys below 7215, targeting the opening candle high of 7207. ZZBB On 15 suggests swing bottom needs to complete before higher. Conservative approach is to put pending above current high 7233. Deposit requirements make my sphincter tight, but how else are you gonna learn to trade new pairs, eh?
A pip is only worth it if you know how much you risked to earn it
  • #346
  • Jul 1, 2015 12:15am Jul 1, 2015 12:15am
Quoting LITEchild
Done for the week. See ya'll next week, same time. {image} {image}
Hey Lite! Are they Murrey Math Lines?
A pip is only worth it if you know how much you risked to earn it
  • #347
  • Jul 1, 2015 1:58am Jul 1, 2015 1:58am
Quoting vlady1974
{quote} Hey Lite! Are they Murrey Math Lines?
Now that is how you know a hard working trader....figures things out all by himself!
  • #348
  • Jul 1, 2015 2:01am Jul 1, 2015 2:01am
Quoting vlady1974
Instead, I can predict with certainty, USD strength.
Except if 1.11 says otherwise...
  • #349
  • Jul 1, 2015 2:33am Jul 1, 2015 2:33am
Quoting vlady1974
Morning All!   Open trades: Long AUDCAD @ 9635 EURCAD @ 13943 USDCAD @ 12495   Pendings: Long USDCAD @ 12501 Short EURUSD @ 11128 Short EURAUD @ 14404
All trades stopped out except the prodigal son that is EURCAD. net +14 pips. My EURUSD was way too tight, moved to BE +5 too soon and now it's in the bias direction.Still unsure of ECAD.... This consolidation looks Long as swing lows haven't been taken out.
A pip is only worth it if you know how much you risked to earn it
  • #350
  • Jul 1, 2015 2:36am Jul 1, 2015 2:36am
Quoting LITEchild
{quote} Now that is how you know a hard working trader....figures things out all by himself!
You know I actually met Mr TH Henning many many years ago in Melbourne. He was teaching his MM theory on stocks. I was trying to apply it to futures and FX but with very limited success. Internet was just a baby back then. All my charts were hand drawn!!
A pip is only worth it if you know how much you risked to earn it
  • #351
  • Jul 1, 2015 2:37am Jul 1, 2015 2:37am
Quoting vlady1974
Morning All!   Open trades: Long AUDCAD @ 9635 EURCAD @ 13943 USDCAD @ 12495   Pendings: Long USDCAD @ 12501 Short EURUSD @ 11128 Short EURAUD @ 14404
EURAUD just got triggered.
A pip is only worth it if you know how much you risked to earn it
  • #352
  • Jul 1, 2015 3:23am Jul 1, 2015 3:23am
Done trading for the week. But, pretty good Buy signal on GBPNZD @2.316. [email protected]. [email protected] and 2.36.
  • #353
  • Jul 1, 2015 4:05am Jul 1, 2015 4:05am
Quoting LITEchild
{quote} Still looks like it has some legs... {image}
Hello LITEchild,

I find your indicators very interesting, it's really a nice work.

I wonder if you can kindly share your template ?

Thanks !
  • #354
  • Jul 1, 2015 5:14am Jul 1, 2015 5:14am
Quoting vlady1974
{quote} EURAUD just got triggered.

I like the EURAUD short too vlady1974 especially against the recent highs which are this months monthly pivot at 1.4476.

You contribute so much to the forum. Thanks vlady1974.

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  • #355
  • Jul 1, 2015 7:16am Jul 1, 2015 7:16am
...but it's definitely a DOLLAR day and AUD is weakening fast and might stop out my euraud short soon.

My main trades are short gbpusd from 1.5680 targeting 1.5465 and

long usdjpy from 122.52 targeting 123.50...lots of juicy targets above this so I look to maybe re-enter and hope to see $yen close the gap.
  • #356
  • Jul 1, 2015 7:18am Jul 1, 2015 7:18am
Tough day at work folks, so updates will be a bit scarce today.

EURAUD short was SLd at 0.4 pips
USDCAD Long was SLd at 4.7 pips

My dirty son ECAD is still in play.

I went long on
AUDCAD
GBPNZD cos LiteChild has introduced me to another exotic pair!

Both not doing so well and quite frankly the AUDCAD sux balls. The GBPNZD i've not traded before so don't know what to expect. Typical, got in and then it reversed.
The AUDCAD was just not well executed. I went for a breakout - but instead of the 1H high, I went for a 15M swing high which was quite frankly shit - and so I got triggered and it went south.... so there you go.

Other than that, no time to scan for opportunities as work is priority at the moment. As I write, GBPNZD just about to go green.... the rest, well they can shite themselves whilst I manage them.
A pip is only worth it if you know how much you risked to earn it
  • #357
  • Jul 1, 2015 7:19am Jul 1, 2015 7:19am
Quoting Poocher
...but it's definitely a DOLLAR day and AUD is weakening fast and might stop out my euraud short soon. My main trades are short gbpusd from 1.5680 targeting 1.5465 and long usdjpy from 122.52 targeting 123.50...lots of juicy targets above this so I look to maybe re-enter and hope to see $yen close the gap.
Yes, the Dollar is definitely more reliable than the EUR.
I may just take a squiz myself. When I looked at it last, UJ was consolidating so I may be conservative and put a pending breakout Long order.
A pip is only worth it if you know how much you risked to earn it
  • #358
  • Jul 1, 2015 7:20am Jul 1, 2015 7:20am
Quoting vlady1974
{quote} Yes, the Dollar is definitely more reliable than the EUR. I may just take a squiz myself. When I looked at it last, UJ was consolidating so I may be conservative and put a pending breakout Long order.
Bugger.... 10 min too late!
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A pip is only worth it if you know how much you risked to earn it
  • #359
  • Jul 1, 2015 7:23am Jul 1, 2015 7:23am
Long USDJPY @ 12311.6
A pip is only worth it if you know how much you risked to earn it
  • #360
  • Jul 1, 2015 7:43am Jul 1, 2015 7:43am
Selling gbpaud here at 2.0395 tp is 2.0213 bid which is the grey monthly pivot. Stop is 2.0421.


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