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Discovering An Edge

  • #961
  • Aug 13, 2015 1:16am Aug 13, 2015 1:16am
EJ and UJ stopped.
Short EU @ 11192
Looking to re-enter UJ long
A pip is only worth it if you know how much you risked to earn it
  • #962
  • Aug 13, 2015 1:20am Aug 13, 2015 1:20am
Quoting vlady1974
EJ and UJ stopped. Short EU @ 11192 Looking to re-enter UJ long
Hi Vlad
UJ is approaching harmonic number zone (orange) just be aware that PA may continue down again in light of recent poor red numbers on USD
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 46 KB
In trading, you have to be defensive and aggressive at the same time
  • #963
  • Aug 13, 2015 1:24am Aug 13, 2015 1:24am
Quoting Davit
{quote} Hi Vlad UJ is approaching harmonic number zone (orange) just be aware that PA may continue down again in light of recent poor red numbers on USD {image}
Funny I was just looking at something very similar, which suggests a continuation of the UJ downturn....but possibly to setup a move higher. As such, I closed my EU short for +53
EU and UJ are linked but the CNY deval has caused extended ripple and commodity prices are affecting majors.

Let me add that if EU breaks daily Pivot Point, I will re-enter short.
A pip is only worth it if you know how much you risked to earn it
  • #964
  • Aug 13, 2015 1:28am Aug 13, 2015 1:28am
Quoting vlady1974
{quote} Funny I was just looking at something very similar, which suggests a continuation of the UJ downturn....but possibly to setup a move higher. As such, I closed my EU short for +53 EU and UJ are linked but the CNY deval has caused extended ripple and commodity prices are affecting majors. Let me add that if EU breaks daily Pivot Point, I will re-enter short.
DAX up +180 so looking for further downside on EU. But I will need to see what happens at London open. Frankie open not very convincing so it could be that a move up back to recent swing highs is required.... Sometimes moves happen after 9:30am 
A pip is only worth it if you know how much you risked to earn it
  • #965
  • Aug 13, 2015 1:32am Aug 13, 2015 1:32am
Pivot Broken on EU. Looking for a setup short
A pip is only worth it if you know how much you risked to earn it
  • #966
  • Aug 13, 2015 2:43am Aug 13, 2015 2:43am
Quoting vlady1974
Pivot Broken on EU. Looking for a setup short
Short EU @ 11120
A pip is only worth it if you know how much you risked to earn it
  • #967
  • Aug 13, 2015 2:46am Aug 13, 2015 2:46am
Long GBPUSD @ 15621, just above open.
A pip is only worth it if you know how much you risked to earn it
  • #968
  • Edited 5:19am Aug 13, 2015 2:56am | Edited 5:19am
Quoting vlady1974
Long GBPUSD @ 15621, just above open.
I have quite a few price projections on GU and this pair seems to be consolidating but edging ever so slightly higher on Daily. I am not sure of the geopolitical or economic conditions affecting GBP at this stage as its a mixed bag with the EU dramas.

Technically, the trendline I use to project are all Long based so far. Near term, the psych barrier is 15700. Without a clear break of that my projections are just pies in the sky:
15870, 16118, 16218
A pip is only worth it if you know how much you risked to earn it
  • #969
  • Aug 13, 2015 5:19am Aug 13, 2015 5:19am
Trades have been stopped out at BE. Ponkers
A pip is only worth it if you know how much you risked to earn it
  • #970
  • Aug 13, 2015 10:05am Aug 13, 2015 10:05am
Daily Pivot break south didn't really do much. NYC Opened and market went higher, therefore market sentiment has changed for the price to go higher.\
Long EURUSD @ 11118 which is near where I was selling to begin with. I will look for further downsides to USD.

I didn't enter any more GBP trades - although I regret not putting on the GBPCAD. Nevermind, more opportunities will arise.
A pip is only worth it if you know how much you risked to earn it
  • #971
  • Edited 10:47am Aug 13, 2015 10:30am | Edited 10:47am
Quoting vlady1974
Daily Pivot break south didn't really do much. NYC Opened and market went higher, therefore market sentiment has changed for the price to go higher. Long EURUSD @ 11118 which is near where I was selling to begin with. I will look for further downsides to USD. I didn't enter any more GBP trades - although I regret not putting on the GBPCAD. Nevermind, more opportunities will arise.
Added Long. Target 11185

Edit: Correction, target is 11165. Trendline based on 5M timeframe.
A pip is only worth it if you know how much you risked to earn it
  • #972
  • Aug 13, 2015 10:47am Aug 13, 2015 10:47am
Quoting vlady1974
{quote} Added Long. Target 11185 Edit: Correction, target is 11165.
joining you on this one. closed eu and ea shorts and opened longs
As Above, So Below
  • #973
  • Aug 13, 2015 10:55am Aug 13, 2015 10:55am
EURUSD 1H TF
Potential target in the making, 11248.3
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1H.png Size: 107 KB
A pip is only worth it if you know how much you risked to earn it
  • #974
  • Aug 13, 2015 11:05am Aug 13, 2015 11:05am
Quoting tashkent
{quote} joining you on this one. closed eu and ea shorts and opened longs
Cool! Hope it pans out! I was skeptical for quite a while but this has developed on the Weekly.
The break of that trendline projects a target of 11709. I still don't know if this wave is Wave 4 or a new ABC correction.
It doesn't matter, but if this week closes above that TL, then I will load more longs on EU.

Which means I will need to revise my USD analysis... perhaps Sep rate hike afterall despite CNY? Dunno... lots I don't understand. Will have to research.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1W.png Size: 146 KB
A pip is only worth it if you know how much you risked to earn it
  • #975
  • Aug 13, 2015 11:16am Aug 13, 2015 11:16am
Quoting vlady1974
{quote} Cool! Hope it pans out! I was skeptical for quite a while but this has developed on the Weekly. The break of that trendline projects a target of 11709. I still don't know if this wave is Wave 4 or a new ABC correction. It doesn't matter, but if this week closes above that TL, then I will load more longs on EU. Which means I will need to revise my USD analysis... perhaps Sep rate hike afterall despite CNY? Dunno... lots I don't understand. Will have to research. {image}
i feel some kind of change is going on in markets but do not understand what exactly. this week i have been busy with closing the trades (scalping here and there meanwhile) and today finally closed all old trades. giving a try to eu but this is short term trade and i will mostly be on sidelines (only be scalping 5-15 minute chart) until market brings out whatever crap it is preparing for us. it is possible that some pairs may have long term trend reversal. these are my pure speculations
As Above, So Below
  • #976
  • Aug 13, 2015 3:38pm Aug 13, 2015 3:38pm
Quoting vlady1974
{quote} Added Long. Target 11185 Edit: Correction, target is 11165. Trendline based on 5M timeframe.
Target hit to the pip. Reversal at this point for a retrace for higher. 
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A pip is only worth it if you know how much you risked to earn it
  • #977
  • Aug 13, 2015 3:39pm Aug 13, 2015 3:39pm
Next target is approximately below the fib line.
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A pip is only worth it if you know how much you risked to earn it
  • #978
  • Aug 13, 2015 3:44pm Aug 13, 2015 3:44pm
Target 11243
Looking for another long setup
Attached Image (click to enlarge)
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A pip is only worth it if you know how much you risked to earn it
  • #979
  • Aug 14, 2015 2:11am Aug 14, 2015 2:11am
EURUSD
Alarm went off last night at 3:30, price below 11145. Took 2 longs around 40-45 and added another just now at 55.
A pip is only worth it if you know how much you risked to earn it
  • #980
  • Aug 14, 2015 2:29am Aug 14, 2015 2:29am
2 short term projections. One from yesterday, other adjusted from recent price action.
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A pip is only worth it if you know how much you risked to earn it
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