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Discovering An Edge

  • #821
  • Jul 22, 2015 7:40am Jul 22, 2015 7:40am
Quoting vlady1974
I have a few longs on GBPCAD currently +48 avg. Targets 20408 and 20499
Decided to close as the 15M and 1H were starting to show mean reversion and I didn't want to give back my winnings.
There will be another chance to get 20408, possibly later tonight.

GBPCAD out net +67
A pip is only worth it if you know how much you risked to earn it
  • #822
  • Jul 22, 2015 2:12pm Jul 22, 2015 2:12pm
RBNZ cuts by .25BP ......any gains due to not cutting .5BP will provide a very good short opportunity IMO.
  • #823
  • Jul 22, 2015 2:56pm Jul 22, 2015 2:56pm
Quoting panamamike
RBNZ cuts by .25BP ......any gains due to not cutting .5BP will provide a very good short opportunity IMO.
The drop in GN stopped right on a lower TL on the 1H. if that fails below 23493, that's my trigger. Of course a retrace and test of 23600 would also be good.
A pip is only worth it if you know how much you risked to earn it
  • #824
  • Jul 22, 2015 3:38pm Jul 22, 2015 3:38pm
Quoting vlady1974
{quote} The drop in GN stopped right on a lower TL on the 1H. if that fails below 23493, that's my trigger. Of course a retrace and test of 23600 would also be good.
Short GN @ 23488
Based on 1H Trendline break, projected target is 23119
A pip is only worth it if you know how much you risked to earn it
  • #825
  • Jul 22, 2015 4:03pm Jul 22, 2015 4:03pm
Quoting vlady1974
{quote} Short GN @ 23488 Based on 1H Trendline break, projected target is 23119
And out -50
False breakout, til it cleared 1H open.
Had to do it. 23600 then.
A pip is only worth it if you know how much you risked to earn it
  • #826
  • Jul 22, 2015 5:14pm Jul 22, 2015 5:14pm
Long EA, GA, GC
A pip is only worth it if you know how much you risked to earn it
  • #827
  • Jul 23, 2015 12:50am Jul 23, 2015 12:50am
Gutted. Pulled the plug on GN short only to have it go my way on London open
A pip is only worth it if you know how much you risked to earn it
  • #828
  • Jul 23, 2015 11:35pm Jul 23, 2015 11:35pm
Busy at work not getting much screen time. Managed to get some on NZDUSD shorts last night for +80.
Currently long EURAUD target 15224
Short AUDUSD. This one is interesting, long range targets 69, 67 cents
A pip is only worth it if you know how much you risked to earn it
  • #829
  • Jul 24, 2015 1:44am Jul 24, 2015 1:44am
Quoting vlady1974
Busy at work not getting much screen time. Managed to get some on NZDUSD shorts last night for +80. Currently long EURAUD target 15224 Short AUDUSD. This one is interesting, long range targets 69, 67 cents
I had the same positions through Asia session. Closed them before London open.
  • #830
  • Jul 24, 2015 2:26am Jul 24, 2015 2:26am
Quoting panamamike
{quote} I had the same positions through Asia session. Closed them before London open.
I've still got the AUDUSD shorts. I am convinced that the Asia currencies are going to be devalued and in stress due to interest rate rise of USD (ie. Higher Dollar)

I got in too early on the EA, so had to nurse a drawdown. Target is 15224
A pip is only worth it if you know how much you risked to earn it
  • #831
  • Jul 24, 2015 2:34am Jul 24, 2015 2:34am
Quoting vlady1974
{quote} I've still got the AUDUSD shorts. I am convinced that the Asia currencies are going to be devalued and in stress due to interest rate rise of USD (ie. Higher Dollar) I got in too early on the EA, so had to nurse a drawdown. Target is 15224
As long as you are trading according to your system....no worries.
  • #832
  • Jul 24, 2015 7:38am Jul 24, 2015 7:38am
short UCHF at .9592 and L GU 1.0506
  • #833
  • Edited Jul 27, 2015 7:25am Jul 26, 2015 11:10pm | Edited Jul 27, 2015 7:25am
Morning All!

Seeing AUD weakness continuing. EUR strength but I see this as positioning for a short above 11060.
USD is my barometer on that, especially against CHF, as higher highs keep getting cleared - if USD is insuring that CHF is devalued then what does that really say about EUR vs Fed Rate Hike... The latter is the event of the year, no question.

Closed my AUD Shorts for a measly 5 net pips. Will be looking for a better position to build shorts... I may just wait for a breakout with pending orders as I'm busy at work this week.

I have a small long EURAUD, just testing Franky.
A pip is only worth it if you know how much you risked to earn it
  • #834
  • Jul 26, 2015 11:20pm Jul 26, 2015 11:20pm
Added to EA, targets 15151 and 15225
A pip is only worth it if you know how much you risked to earn it
  • #835
  • Jul 27, 2015 12:32am Jul 27, 2015 12:32am
Quoting vlady1974
Added to EA, targets 15151 and 15225
Both targets hit. I actually changed the second long to go for the highest target.+120 pips
A pip is only worth it if you know how much you risked to earn it
  • #836
  • Jul 27, 2015 7:09am Jul 27, 2015 7:09am
Looking to long GCAD, trendline broken right after hour open.
A pip is only worth it if you know how much you risked to earn it
  • #837
  • Jul 27, 2015 1:09pm Jul 27, 2015 1:09pm
Quoting kprsa
{quote} Just entered a sell on wheat and corn futures. Expecting a big drop (I expected bigger spikes in corn, but they did not occur so far so I have tight sl). k
I think this move could be ending. Now the trendline in wheat seems to be reached, as well as the round number, so perhaps a bounce is to be expected...
k

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-07-27-22-01-51.png Size: 99 KB
  • #838
  • Jul 28, 2015 1:37am Jul 28, 2015 1:37am
L Gcad 2.0286 T 2.0425 10 d Atr high
  • #839
  • Jul 28, 2015 2:37am Jul 28, 2015 2:37am
I closed a GCAD Long from 20289 for -35 early this morning. What a shite!

I'm Long on AUD. This is counter to my overall short bias (based on Weekly) where my targets are still 6992 and 6749.
AUD could retest 7400 or 7600 (at worst) ... but i don't think much higher.... probably Daily 50EMA @ 7534ish.

Still, that's decent counter trend pippage, but it doesn't mark an up trend - just consolidation within the Daily Bollinger (set to 20,2)
A pip is only worth it if you know how much you risked to earn it
  • #840
  • Jul 28, 2015 2:38am Jul 28, 2015 2:38am
shirt EG .7094 T 10 d art low .7060
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