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Discovering An Edge

  • #981
  • Aug 14, 2015 2:30am Aug 14, 2015 2:30am
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A pip is only worth it if you know how much you risked to earn it
  • #982
  • Aug 14, 2015 3:16am Aug 14, 2015 3:16am
Well, got stopped out -30. And it's gone below 1140. She looks uncertain today but it still looks like it wants to go higher. I'm long above 1140. Not gonna short a retrace.
A pip is only worth it if you know how much you risked to earn it
  • #983
  • Aug 14, 2015 3:29am Aug 14, 2015 3:29am
Looking at 1130ish for a Long setup
A pip is only worth it if you know how much you risked to earn it
  • #984
  • Aug 14, 2015 3:40am Aug 14, 2015 3:40am
Quoting vlady1974
Looking at 1130ish for a Long setup
Bought avg 1140
A pip is only worth it if you know how much you risked to earn it
  • #985
  • Aug 14, 2015 3:53am Aug 14, 2015 3:53am
Am home sick today. So got some time on my hands! LOL

Interesting to see different components work. That whiplash on the 5M was a ZZBB move that happens every now and again. During Frankie, it closes below BB then shoots up and closes above BB then dives down after London open to close below BB again, establishing a low, then slowly climbs over BB mid... which is where it's at now.... within 9am and 10am.

Not sure yet if it will be a down day. Not gonna predict. But Asia opened at 1153. London opened at 1163. Low established at 1124.
Another amazingly volatile day! Not!
A pip is only worth it if you know how much you risked to earn it
  • #986
  • Aug 14, 2015 4:12am Aug 14, 2015 4:12am
Dammit. Broke below BB Mid. Starting to look like a down day. Will look to close my longs now for -10. I will probably scalp short looking for 20 pips
A pip is only worth it if you know how much you risked to earn it
  • #987
  • Aug 14, 2015 5:36am Aug 14, 2015 5:36am
Reminder: markets are thin this month....extended moves are rare and a lot of chop, grind, and range trading. With a key FOMC meeting in September, many are on holidays since last week. I would not expect a lot of large moves, or key range breakouts to last in this environment......hence my scalping this month. just my .02
FWIW....I am targeting 6-15 pips per trade on 1 min scalps the rest of the month.
  • #988
  • Aug 14, 2015 5:44am Aug 14, 2015 5:44am
Yeah, you're right. I've had that mindset going into Aug. I'm at home so my ADD is getting the best of me. All would have been fine if I didn't tighten my stops! LOL.
But I'm back in Long from 1153 which is Daily Open. Not gonna touch it again! Ha!
A pip is only worth it if you know how much you risked to earn it
  • #989
  • Aug 14, 2015 5:49am Aug 14, 2015 5:49am
Quoting vlady1974
Am home sick today. So got some time on my hands! LOL Interesting to see different components work. That whiplash on the 5M was a ZZBB move that happens every now and again. During Frankie, it closes below BB then shoots up and closes above BB then dives down after London open to close below BB again, establishing a low, then slowly climbs over BB mid... which is where it's at now.... within 9am and 10am. Not sure yet if it will be a down day. Not gonna predict. But Asia opened at 1153. London opened at 1163. Low established at 1124. Another amazingly...

Maybe you are home sick and available for full day trading, that's why it's not that volatile today....
  • #990
  • Aug 21, 2015 6:14am Aug 21, 2015 6:14am
Have been ill and a bit slow getting back into things - busy with alot of catch up at work for the time i was off.
Hence why the trades have been zero.

Today however, I have Longs:
EURUSD @ 11261 avg
EURNZD @ 16910 avg
EURJPY @ 13850

Short AUDNZD @ 11084 and 11032
A pip is only worth it if you know how much you risked to earn it
  • #991
  • Aug 21, 2015 6:18am Aug 21, 2015 6:18am
hope you feel better fast.....
  • #992
  • Aug 21, 2015 6:35am Aug 21, 2015 6:35am
Quoting panamamike
hope you feel better fast.....
cheers matey. nothing serious, just a summer flu but it really knocked me out. unfortunately, also infected the girlfriend so she's home sick now as well.
which means i'm on good boyfriend duties.

---

whaddup with Greece and China though, huh?! Crazy stuff in the last week.
A pip is only worth it if you know how much you risked to earn it
  • #993
  • Aug 21, 2015 6:37am Aug 21, 2015 6:37am
Quoting vlady1974
{quote} cheers matey. nothing serious, just a summer flu but it really knocked me out. unfortunately, also infected the girlfriend so she's home sick now as well. which means i'm on good boyfriend duties. --- whaddup with Greece and China though, huh?! Crazy stuff in the last week.
I hear ha. Had to push back my son's second birthday. He was sick, his mom was sick, his cousins are sick now. I am heading to the beach for the next week. Time for a little son and recharge the batteries.
  • #994
  • Aug 21, 2015 10:11am Aug 21, 2015 10:11am
Quoting vlady1974
Have been ill and a bit slow getting back into things - busy with alot of catch up at work for the time i was off. Hence why the trades have been zero. Today however, I have Longs: EURUSD @ 11261 avg EURNZD @ 16910 avg EURJPY @ 13850 Short AUDNZD @ 11084 and 11032
Closed EUR Longs:
EURUSD +96
EURNZD +17
EURJPY +45
A pip is only worth it if you know how much you risked to earn it
  • #995
  • Aug 21, 2015 10:47am Aug 21, 2015 10:47am
Quoting vlady1974
Short AUDNZD @ 11084 and 11032
Keeping this one open. Currently +412
A pip is only worth it if you know how much you risked to earn it
  • #996
  • Aug 24, 2015 3:33am Aug 24, 2015 3:33am
New trades this morning:

Longs at average prices
EURAUD @ 15843.5
EURNZD @ 17351.3
EURCAD @ 15166.1
USDSGD @ 14126.5

AUDNZD still in play, 3rd position slightly underwater but I'm still holding. Target 10660 with 1st intermediate target 10858
No targets precisely calculated yet for the opening positions.

The USDSGD was influenced from a newsletter signal service I subscribe to, so that's not driven by my analysis. However, the trigger to trade was mine as the analysis was done on Monthly, Weekly, Daily. Trigger done on combination ZZBB, Fibonacci retracement, EMAs and support found on previous TrendLine Breakout level. Chart below. At the very minimum, we can target the previous highs 14168, but TL Breakout projection shows a target of 14192 which is slightly under the projection of 142XX of the newsletter so it's bias is aligned.
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A pip is only worth it if you know how much you risked to earn it
  • #997
  • Aug 24, 2015 3:50am Aug 24, 2015 3:50am
Quoting vlady1974
New trades this morning: Longs at average prices EURAUD @ 15843.5 EURNZD @ 17351.3 EURCAD @ 15166.1 USDSGD @ 14126.5 AUDNZD still in play, 3rd position slightly underwater but I'm still holding. Target 10660 with 1st intermediate target 10858 No targets precisely calculated yet for the opening positions.
Targets:
EURNZD 17514.9
EURCAD 15270
EURAUD 15922 or 15944

Out of all of these, I probably should not have taken the EURAUD as it's the weakest Risk/Reward - it doesn't even take out the highs, which is giving me a warning type feeling of reversal. Anyway, I'm 1.5 pips under so I'll see how it plays out - I have to take the trade as it's been triggered. I may decide to pull the plug any time before lunch today depending on how I feel about the price action.
A pip is only worth it if you know how much you risked to earn it
  • #998
  • Aug 24, 2015 5:31am Aug 24, 2015 5:31am
Quoting vlady1974
{quote} Targets: EURNZD 17514.9 EURCAD 15270 EURAUD 15922 or 15944 Out of all of these, I probably should not have taken the EURAUD as it's the weakest Risk/Reward - it doesn't even take out the highs, which is giving me a warning type feeling of reversal. Anyway, I'm 1.5 pips under so I'll see how it plays out - I have to take the trade as it's been triggered. I may decide to pull the plug any time before lunch today depending on how I feel about the price action.
EURNZD closed +325 avg, target hit 17514.9.
5M high 17517.8
A pip is only worth it if you know how much you risked to earn it
  • #999
  • Aug 24, 2015 5:45am Aug 24, 2015 5:45am
Quoting vlady1974
{quote} Targets: EURNZD 17514.9 EURCAD 15270 EURAUD 15922 or 15944 Out of all of these, I probably should not have taken the EURAUD as it's the weakest Risk/Reward - it doesn't even take out the highs, which is giving me a warning type feeling of reversal. Anyway, I'm 1.5 pips under so I'll see how it plays out - I have to take the trade as it's been triggered. I may decide to pull the plug any time before lunch today depending on how I feel about the price action.
Interestingly, EURAUD 15944 was missed by 0.4 pips. 5M high was 15943.6 which hit whilst I was away from desk. Closed for +70.
A pip is only worth it if you know how much you risked to earn it
  • #1,000
  • Aug 24, 2015 5:47am Aug 24, 2015 5:47am
Closed AUDNZD for +115 as 4H as that breakout has created a reversal pattern on a few indicators. Not gonna fight it. Still short-biased on this pair as AUD affected by China devaluation. Will look for another shorting opportunity 11050 to 11080 ish via Fib retracement
A pip is only worth it if you know how much you risked to earn it
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