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Discovering An Edge

  • #441
  • Jul 6, 2015 12:57am Jul 6, 2015 12:57am
I have a mixed bag here....no trades yet.....not in a hurry to take any EUR longs.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-06 02_54_18-EURUSD,H4.png Size: 176 KB
  • #442
  • Jul 6, 2015 1:03am Jul 6, 2015 1:03am
short UCAD 1.2571
  • #443
  • Jul 6, 2015 4:18am Jul 6, 2015 4:18am
Got stopped out 3x for +3, but finally got a decent run. Closed for +45 and will review for a chance of a reload.
A pip is only worth it if you know how much you risked to earn it
  • #444
  • Jul 6, 2015 4:47am Jul 6, 2015 4:47am
GBPCAD Could be a buy if it falls again to 19640ish
A pip is only worth it if you know how much you risked to earn it
  • #445
  • Jul 6, 2015 6:06am Jul 6, 2015 6:06am
lost my internet feed....been terrible in my area. Anyway, lost 22 on UCAD.....but got in long acad and ncad....both taken partials. Currently +21 and +14....will be wrapping up an early day today.
  • #446
  • Jul 6, 2015 6:38am Jul 6, 2015 6:38am
Quoting vlady1974
Got stopped out 3x for +3, but finally got a decent run. Closed for +45 and will review for a chance of a reload.
I was commuting back to London and had +10 on the GBPCAD and -15 on another GBPAUD long and then got out 30 minutes later with -40 on GBPAUD giving back my gains and now still +10 on GBPCAD. Consolidation days are never fun when they grind like this. But that's trading.
A pip is only worth it if you know how much you risked to earn it
  • #447
  • Jul 6, 2015 6:46am Jul 6, 2015 6:46am
Quoting panamamike
lost my internet feed....been terrible in my area. Anyway, lost 22 on UCAD.....but got in long acad and ncad....both taken partials. Currently +21 and +14....will be wrapping up an early day today.
Thumbs up on the ACAD and NCAD... missed the start of that run but I'll try and hop on that ACAD on a retrace. The timeframes on 1D to 15M look good.
A pip is only worth it if you know how much you risked to earn it
  • #448
  • Jul 6, 2015 6:53am Jul 6, 2015 6:53am
Quoting vlady1974
{quote} I was commuting back to London and had +10 on the GBPCAD and -15 on another GBPAUD long and then got out 30 minutes later with -40 on GBPAUD giving back my gains and now still +10 on GBPCAD. Consolidation days are never fun when they grind like this. But that's trading.
Closed GCAD +15
A pip is only worth it if you know how much you risked to earn it
  • #449
  • Jul 6, 2015 7:09am Jul 6, 2015 7:09am
Long AUDCAD @ 9507.5 (not the best of prices), SL-50, target 9630. Looking to move SL to BE at 0523ish
A pip is only worth it if you know how much you risked to earn it
  • #450
  • Jul 6, 2015 1:44pm Jul 6, 2015 1:44pm
Views on AUDNZD:

Quoting vlady1974
{quote} 4H AN stands on a knife edge. Technically it's an uptrend with targets at blue horizontal lines. Break of lower trendline would see red horizontal line as target. So currently flat but biased long, however no Long setup (for me) yet. {image}
http://www.forexfactory.com/attachme...mentid=1708201

Quoting vlady1974
{quote} On a Monthly timeframe, the recent swing high has been taken out. You can actually make out a valid Elliot Wave Count from the last overall top so the current impulse leg is Wave 1. Therefore, we can expect a retrace and then a longer 3rd Wave. The interesting thing will be to find fundamental reasons why Aussie would be traded for Kiwi when both are under pressure to be devalued. {image}
http://www.forexfactory.com/attachme...mentid=1708206
A pip is only worth it if you know how much you risked to earn it
  • #451
  • Jul 6, 2015 2:23pm Jul 6, 2015 2:23pm
Short EURUSD 11054, Target 10502
A pip is only worth it if you know how much you risked to earn it
  • #452
  • Jul 6, 2015 3:32pm Jul 6, 2015 3:32pm
Quoting vlady1974
Long AUDCAD @ 9507.5 (not the best of prices), SL-50, target 9630. Looking to move SL to BE at 0523ish
Moved the SL to -25 some hours back and got stopped out.
A pip is only worth it if you know how much you risked to earn it
  • #453
  • Jul 6, 2015 5:13pm Jul 6, 2015 5:13pm
Long USDCAD 12666.2
Two long term targets based on Weekly timeframe. Will need to manage short term in reaching these targets.
Target 1: 12884
Target 2: 13335
A pip is only worth it if you know how much you risked to earn it
  • #454
  • Jul 6, 2015 6:58pm Jul 6, 2015 6:58pm
Quoting vlady1974
Short EURUSD 11054, Target 10502
Target yearly lows? Thats 1000pips target right?
  • #455
  • Edited 12:50am Jul 7, 2015 12:31am | Edited 12:50am
Quoting ephisi
{quote} Target yearly lows? Thats 1000pips target right?
Yep, that's right. It's a technical target rather than a fundamentals driven target.
Edit: it depends on how they're drawn and in what timeframe. Here's one drawn on Daily. Target is approximately 20 pips from my mentioned target. Good enough. Also note that I didn't mention a second target (red) which is also calculated off the break of that pink trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 322 KB
A pip is only worth it if you know how much you risked to earn it
  • #456
  • Jul 7, 2015 12:51am Jul 7, 2015 12:51am
Quoting vlady1974
Long USDCAD 12666.2 Two long term targets based on Weekly timeframe. Will need to manage short term in reaching these targets. Target 1: 12884 Target 2: 13335
Stops to 12677
A pip is only worth it if you know how much you risked to earn it
  • #457
  • Jul 7, 2015 12:54am Jul 7, 2015 12:54am
Quoting vlady1974
Short EURUSD 11054, Target 10502
SL moved to 11035
A pip is only worth it if you know how much you risked to earn it
  • #458
  • Jul 7, 2015 1:05am Jul 7, 2015 1:05am
EURUSD... a thing of ugly beauty.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 325 KB
A pip is only worth it if you know how much you risked to earn it
  • #459
  • Jul 7, 2015 1:22am Jul 7, 2015 1:22am
Quoting vlady1974
{quote} Yep, that's right. It's a technical target rather than a fundamentals driven target. Edit: it depends on how they're drawn and in what timeframe. Here's one drawn on Daily. Target is approximately 20 pips from my mentioned target. Good enough. Also note that I didn't mention a second target (red) which is also calculated off the break of that pink trendline. {image}
Great vlad. Thats a big trade. I know we will get there. But dont know when. One thing i can assure u though is that we are revisiting 1.08 in a short while. Inevitable
  • #460
  • Jul 7, 2015 1:26am Jul 7, 2015 1:26am
Quoting vlady1974
{quote} SL moved to 11035
Mate im proud of you. You trading has evolved in this past few 2weeks. Congratulations. You discovered an edge. I wish people will just do the work. A friend of mine in Nigeria is keeping malice with me because i refused to spoonfeed him. I gave him links to all the threads where he could learn. He came back to tell me he didnt discover anything after a month. If only he knew it took me 2yrs get an edge. Thats after 6years of trying. Totalling 8yrs.
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