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The sacred edge 2.0

  • #101
  • Aug 24, 2015 2:52am Aug 24, 2015 2:52am
Need to take my own share of Eur and Jpy strength. Waiting patiently.
  • #102
  • Aug 24, 2015 2:55am Aug 24, 2015 2:55am
Quoting ephisi
{quote} Experience has also taught me that such moves may end at current levels with a cup and handle formation. Meaning price can retrace this move and come back to clear the top/bottom of current spikes/dips. Followed by consolidation or continuation of fridays panic moves
Experience truely is the best teacher. Playing out just as I anticipated. Cup formed. Handle forming. May or may not complete the handle. Lets see
  • #103
  • Aug 24, 2015 5:56am Aug 24, 2015 5:56am
Quoting ephisi
{quote} Playing out as expected. NZDUSD should hit 1st termination point 0.6550 while GBPNZD 2.39 sjould serve as 1st termination point. Im done with these setups. Waiting for my next signal
Cup and handle formation failed and initial proposed termination points reached. Ive left 300pips on the table for GBPNZD trade but im not bothered. Next trade will set up
  • #104
  • Aug 24, 2015 6:07am Aug 24, 2015 6:07am
Quoting ephisi
{quote} Playing out as expected. NZDUSD should hit 1st termination point 0.6550 while GBPNZD 2.39 sjould serve as 1st termination point. Im done with these setups. Waiting for my next signal
Excellent call. What's your bias timeframe for this short? Daily is showing growing move towards the upside, but needs a good correction south since it's broken BBMid of 6584. Would like to see it go to 6518. Not currently in a trade.. maybe on a retrace to 6580ish or below.
A pip is only worth it if you know how much you risked to earn it
  • #105
  • Aug 24, 2015 8:15am Aug 24, 2015 8:15am
Quoting vlady1974
{quote} Excellent call. What's your bias timeframe for this short? Daily is showing growing move towards the upside, but needs a good correction south since it's broken BBMid of 6584. Would like to see it go to 6518. Not currently in a trade.. maybe on a retrace to 6580ish or below.
Driving now. Away from trade station but ca. See whats goin on In the market. Those calls were based on daily and 4hr. Just seeing that the market is doing a crazy move. Wonder whats going on. Lemme check
  • #106
  • Aug 24, 2015 12:59pm Aug 24, 2015 12:59pm
Expect todays panic moves to do major correction or possile 80% retracement before continuation
  • #107
  • Aug 25, 2015 2:23am Aug 25, 2015 2:23am
Quoting ephisi
Expect todays panic moves to do major correction or possile 80% retracement before continuation
Expecting major corection on AUD pairs. Dont usually trade counter trend. But these setups are unique because of yesterdays panic selling. We need some more corrections before continuation
  • #108
  • Aug 25, 2015 2:38am Aug 25, 2015 2:38am
Quoting ephisi
{quote} Expecting major corection on AUD pairs. Dont usually trade counter trend. But these setups are unique because of yesterdays panic selling. We need some more corrections before continuation
Its possible the correction fails but I wont be taking trend continuation trades until I see the corrections I expect. This is a good time to take a break. The ranges are too wide.
  • #109
  • Aug 25, 2015 2:45am Aug 25, 2015 2:45am
Quoting ephisi
{quote} Its possible the correction fails but I wont be taking trend continuation trades until I see the corrections I expect. This is a good time to take a break. The ranges are too wide.
NZDUSD is the only pair ive found which I can trade as it has retraced most of yesterdays move. Waiting for setups
  • #110
  • Aug 25, 2015 9:15am Aug 25, 2015 9:15am
Im short NZDUSD. This implies im currently long AUD, short NZD. and hedged on USD. Dont care what the dollar does. Further implication is that AUDNZD should rally to satisfy both trades being succesful. So im indirectly long AUDNZD. Very tricky combo
  • #111
  • Aug 25, 2015 9:35am Aug 25, 2015 9:35am
Where did you put your SL on the trades?
  • #112
  • Aug 25, 2015 11:31am Aug 25, 2015 11:31am
Quoting julee
Where did you put your SL on the trades?
100pips stop . EURNZD looks more attractive to me than NZDUSD. Also more profit potential. So moved stop to Breakeven on NZDUZD. I will let her run. If it continues my way all good. AUDUSD can go either way. I will exit AUDUSD if it heads back into profit. As I said earlier its not in line with my main strategy so im not 100% confident with AUDUSD trade. Im long Edit EURNZD as replacement of NZDUSD.
  • #113
  • Aug 25, 2015 12:24pm Aug 25, 2015 12:24pm
Quoting ephisi
{quote} 100pips stop . EURNZD looks more attractive to me than NZDUSD. Also more profit potential. So moved stop to Breakeven on NZDUZD. I will let her run. If it continues my way all good. AUDUSD can go either way. I will exit AUDUSD if it heads back into profit. As I said earlier its not in line with my main strategy so im not 100% confident with AUDUSD trade. Im long Edit EURNZD as replacement of NZDUSD.
Today has been a boring day. Little movement on my trades. Im leaving audusd long and nzdusd short as a hedge.. Banking on EURNZD to make the pips. Im out. Till Asia/london.
  • #114
  • Aug 25, 2015 12:27pm Aug 25, 2015 12:27pm
Nice one mate, best of luck!
A pip is only worth it if you know how much you risked to earn it
  • #115
  • Aug 25, 2015 12:36pm Aug 25, 2015 12:36pm
Quoting vlady1974
Nice one mate, best of luck!
Thanks Buddy.
  • #116
  • Edited Aug 26, 2015 3:07am Aug 25, 2015 12:38pm | Edited Aug 26, 2015 3:07am
Quoting ephisi
{quote} Expecting major corection on AUD pairs. DONT USUALLY TRADE COUNTERTREND. But these setups are unique because of yesterdays panic selling. We need some more corrections before continuation

Most important lessons. Stick to your proven strategy and the profits will flow. Lesson learnt. NZDUSD was my first valid trade. Edit, followed by EURNZD alternative and they are both looking good it turned out as expexted
  • #117
  • Aug 25, 2015 2:36pm Aug 25, 2015 2:36pm
Quoting ephisi
{quote} Most important lessons. Stick to your proven strategy and the profits will flow. Lesson learnt. NZDUSD was my first valid trade. Edit, followed by EURNZD alternative and they are both looking good it turned out as expexted
Eurnzd already up 130 plus pips. When I swith a currency from one pair to another its because it has a higher potential profit. As per my rules I dont trade 2 pairs having same currency at the same time. Thats why I chose to replace nzdusd with eurnzd
  • #118
  • Aug 25, 2015 2:37pm Aug 25, 2015 2:37pm
Will place tight stop and trail just before NZD trade balance
  • #119
  • Aug 25, 2015 3:20pm Aug 25, 2015 3:20pm
Closed EURNZD for >+200 pips. Not giving back my pips. Onto the next one.
  • #120
  • Aug 25, 2015 5:41pm Aug 25, 2015 5:41pm
Nzdusd and audusd need to go higher b4 they can go lower unhindered. Moved stop on nzduzd to 0.65 with trail of 30pips b4 nzd trade balance. Will close if she goes lower
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