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Discovering An Edge

  • #841
  • Jul 28, 2015 4:41am Jul 28, 2015 4:41am
L GU 1.5608
  • #842
  • Jul 28, 2015 4:46am Jul 28, 2015 4:46am
Nothing on GY Mike?

Edit: I meant GJ.
A pip is only worth it if you know how much you risked to earn it
  • #843
  • Jul 28, 2015 5:05am Jul 28, 2015 5:05am
cov half eg short +15
  • #844
  • Jul 28, 2015 5:06am Jul 28, 2015 5:06am
Quoting vlady1974
Nothing on GY Mike? Edit: I meant GJ.
No. It already broke the 10 d ATR high.
I do not like to initiate positions once that happens. I would rather wait for a pullback.
  • #845
  • Jul 28, 2015 5:24am Jul 28, 2015 5:24am
Close EG rest +20
  • #846
  • Jul 28, 2015 5:27am Jul 28, 2015 5:27am
close half G CAD +16...so moved to +2
  • #847
  • Jul 28, 2015 5:31am Jul 28, 2015 5:31am
shirt EU 1.1034
  • #848
  • Jul 28, 2015 8:57am Jul 28, 2015 8:57am
very slow price action today.....things may stay that way until after fed. This is like watching paint dry 😃
  • #849
  • Jul 28, 2015 9:13am Jul 28, 2015 9:13am
Been in meetings myself all day, so missing the fun of paint drying.

EURUSD
Finally got the original price I wanted for EURUSD 2.5 weeks ago. Short @11059

GBPCAD
2 Longs @ 20286 avg

AUDUSD
Don't know how to interpret that spike.... sometimes that signals bullishness.
Am still long (countertrend)
A pip is only worth it if you know how much you risked to earn it
  • #850
  • Edited 9:48am Jul 28, 2015 9:20am | Edited 9:48am
Quoting vlady1974
Been in meetings myself all day, so missing the fun of paint drying. EURUSD Finally got the original price I wanted for EURUSD 2.5 weeks ago. Short @11059 GBPCAD 2 Longs @ 20286 avg AUDUSD Don't know how to interpret that spike.... sometimes that signals bullishness. Am still long (countertrend)
Vlady@ what is the reason to short EU at 11059 exactly?
  • #851
  • Jul 28, 2015 9:26am Jul 28, 2015 9:26am
last trade of the day.....short Ucad 1.2990...so 1.3030 TP 1.2953
  • #852
  • Jul 28, 2015 11:36am Jul 28, 2015 11:36am
Quoting panamamike
last trade of the day.....short Ucad 1.2990...so 1.3030 TP 1.2953
came back from getting documents notarized......all targets hit....cya tomorrow
  • #853
  • Jul 28, 2015 4:30pm Jul 28, 2015 4:30pm
Quoting kprsa
{quote} 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 {image}
A superoptimistic attempt of cycle projection for wheat futures. Sharp growth till ~5.7$, then choppy action reaching 6$ on ~7th of August, maximum at ~6.25$, cca 11th of August, finally a sharp drop to ~5.125$, cca 21st of August.
I am really curious to see how well this works.

Cheers,
k

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-07-28-23-09-22.png Size: 138 KB
  • #854
  • Jul 28, 2015 4:53pm Jul 28, 2015 4:53pm
L NU at .6714
  • #855
  • Jul 28, 2015 10:32pm Jul 28, 2015 10:32pm
Long AU, target 7437
A pip is only worth it if you know how much you risked to earn it
  • #856
  • Jul 28, 2015 10:36pm Jul 28, 2015 10:36pm
Quoting vlady1974
Been in meetings myself all day, so missing the fun of paint drying. EURUSD Finally got the original price I wanted for EURUSD 2.5 weeks ago. Short @11059 GBPCAD 2 Longs @ 20286 avg AUDUSD Don't know how to interpret that spike.... sometimes that signals bullishness. Am still long (countertrend)
 
EU stopped BE
GC stopped -30
AU long
A pip is only worth it if you know how much you risked to earn it
  • #857
  • Jul 28, 2015 10:40pm Jul 28, 2015 10:40pm
Quoting panamamike
L NU at .6714
Lol, pending Long at NU Open, 6716
A pip is only worth it if you know how much you risked to earn it
  • #858
  • Jul 29, 2015 1:29am Jul 29, 2015 1:29am
Quoting vlady1974
{quote} Lol, pending Long at NU Open, 6716
Long NU @ 6697
2 trendline breakout targets: 6791 (1H), 7084.9 (4H)
A pip is only worth it if you know how much you risked to earn it
  • #859
  • Jul 29, 2015 1:51am Jul 29, 2015 1:51am
Quoting tradeforlife
{quote} Vlady@ what is the reason to short EU at 11059 exactly?
Hey TFL,

Here's my overall reasoning. I am short biased on EURUSD and the trendline breakout (even though it was a fakeout) shows the trigger that I took and why I would still take that trigger if it presents itself. Yes, the EU has been a biatch in terms of its movements - it's definitely in a holding pattern, but as long as it doesn't break 100 or 200 EMA, to me the trend is down.

In terms of 11060, that's an approximate price that satisfies the entry condition of the trendline break.
Here's a hint. I always prefer taking a short trigger when the slope of the line is exactly formed like this. The steeper the slope, the better. Ideally 45 degrees-ish. The flatter it is, the less likely I will take a trigger because the R:R diminishes.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1D.png Size: 203 KB
A pip is only worth it if you know how much you risked to earn it
  • #860
  • Jul 29, 2015 3:44am Jul 29, 2015 3:44am
Quoting vlady1974
{quote} Hey TFL, Here's my overall reasoning. I am short biased on EURUSD and the trendline breakout (even though it was a fakeout) shows the trigger that I took and why I would still take that trigger if it presents itself. Yes, the EU has been a biatch in terms of its movements - it's definitely in a holding pattern, but as long as it doesn't break 100 or 200 EMA, to me the trend is down. In terms of 11060, that's an approximate price that satisfies the entry condition of the trendline break. Here's a hint. I always prefer taking a short trigger...

thanks mate...
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