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Cesarnc's market talk, gossips, rumours & fun

  • #47,981
  • Dec 23, 2015 3:32am Dec 23, 2015 3:32am
Quoting chonchy
.....I took partial profits and let one lot run, let see what she do......lock in profits a few pips below your entrie, is no way to lose but maybe it goes away and you end up making a bit more......greedy? no, some times you need it for when you get stop, you can't win them all..... {image}
Good Day Sir Chonchy,

I like your system. Still reading the thread you suggested to wizlon32... Very simple and similar to mine How easy it is using MA's

Very nice trades sir. I hope to get better than you with that system.

Merry Christmas in Advance
Numbers NEVER Lie
  • #47,982
  • Dec 23, 2015 3:34am Dec 23, 2015 3:34am
Closed my longs with small profit.

Triggered shot on GBP/USD will stay away from EUR/USD for now. It burned me
Attached Image (click to enlarge)
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Numbers NEVER Lie
  • #47,983
  • Dec 23, 2015 4:23am Dec 23, 2015 4:23am
Quoting ZizoFX
Closed my longs with small profit. Triggered shot on GBP/USD will stay away from EUR/USD for now. It burned me {image}
Short trade taken out. Sitting on the sidelines until i get another entry
Numbers NEVER Lie
  • #47,984
  • Dec 23, 2015 7:27pm Dec 23, 2015 7:27pm
Quoting ZizoFX
{quote} Good Day Sir Chonchy, I like your system. Still reading the thread you suggested to wizlon32... Very simple and similar to mine How easy it is using MA's Very nice trades sir. I hope to get better than you with that system. Merry Christmas in Advance
...Hope you do Sir. what I make is enough to make a decent leaving, good luck....ask me anything....
The Chonchy
  • #47,985
  • Dec 23, 2015 7:29pm Dec 23, 2015 7:29pm
Quoting ZizoFX
{quote} Short trade taken out. Sitting on the sidelines until i get another entry
...Good, sometimes when the market is like this, side ways, is best to stay aside or on the side lines until it gets a direction, I believe is north but don't know yet, good luck to all, specially to you Sir....and Merry Christmas to you too sir. and to all here Happy Holydays......
The Chonchy
  • #47,986
  • Dec 24, 2015 10:29am Dec 24, 2015 10:29am
Quoting chonchy
{quote} .....You are suppose to enter at point two once price is already visited 3, wish is suppose to visit 4, the same as the A,B,C price should visit D after that, most of the time, not always, depend of the time of the day the session, the power of the move etc, train the eye to see the retrace to the red ema100 once the price embarks in a move or break out, then follow the rules, place the tool, place the trades, and forget, brake you allowance or leverage into 4 trades or lots and set your targets to the different fibo expansions of the tool,...
Thank you Chonchy. I very much like the idea of breaking my trades up and aiming for the different targets. Thanks for all your tips and advice.
Indentify > Plan > Accept > Execute
  • #47,987
  • Dec 24, 2015 6:27pm Dec 24, 2015 6:27pm
Quoting wizlon32
{quote} Thank you Chonchy. I very much like the idea of breaking my trades up and aiming for the different targets. Thanks for all your tips and advice.
..You are very welcome wizlo32, have a good Christmas eve like all here.....
The Chonchy
  • #47,988
  • Dec 29, 2015 12:43am Dec 29, 2015 12:43am
......May 2016 be the best year to all that frequent this thread, many pips and the best of good health and luck....
The Chonchy
  • #47,989
  • Dec 29, 2015 4:12am Dec 29, 2015 4:12am
Quoting chonchy
......May 2016 be the best year to all that frequent this thread, many pips and the best of good health and luck....
Amin. We wish you the same and many more sir Chonchy... Great Man
Numbers NEVER Lie
  • #47,990
  • Dec 29, 2015 1:20pm Dec 29, 2015 1:20pm
Quoting ZizoFX
{quote} Amin. We wish you the same and many more sir Chonchy... Great Man
.....Thank You very much sir. Zizo, I hope you have the best Happy New Years Ever, get drunk if you drink or have lots of fun with the fire works, have a blast, you deserve it, have a great one with the family....

...I have a short to end the year lock in profits, lol...

Attached Image (click to enlarge)
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The Chonchy
  • #47,991
  • Dec 30, 2015 11:30am Dec 30, 2015 11:30am
...I don't know if I should take profits here or keep trailing it....Happy new year anyways....

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The Chonchy
  • #47,992
  • Dec 30, 2015 5:30pm Dec 30, 2015 5:30pm
I think having a pound short for the new year lock in profits is a celebration....

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The Chonchy
  • #47,993
  • Dec 30, 2015 5:32pm Dec 30, 2015 5:32pm
... Still trailing the euro down...Happy New year to all.....

...I know I should have closed it already, but...It may drop, lets see, if not rinse and repeat, lol...Many pips to you out there....

Attached Image (click to enlarge)
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The Chonchy
  • #47,994
  • Jan 1, 2016 3:26am Jan 1, 2016 3:26am
Happy New Year Sir Chonchy and Sir Zizo
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Come with me if you want to live....
  • #47,995
  • Jan 1, 2016 3:55am Jan 1, 2016 3:55am
Quoting Ill-b-back
Happy New Year Sir Chonchy and Sir Zizo {image} {image}
....Happy New year Sir. Ill-b-back, hope you had a good year 2015 and wishing an even better 2016........all the best for you Sir.
The Chonchy
  • #47,996
  • Jan 1, 2016 4:15am Jan 1, 2016 4:15am
Quoting Ill-b-back
Happy New Year Sir Chonchy and Sir Zizo {image} {image}
I think we are going to visit the lower trend line.....
The Chonchy
  • #47,997
  • Jan 1, 2016 4:22am Jan 1, 2016 4:22am
Quoting chonchy
{quote} .....Thank You very much sir. Zizo, I hope you have the best Happy New Years Ever, get drunk if you drink or have lots of fun with the fire works, have a blast, you deserve it, have a great one with the family.... ...I have a short to end the year lock in profits, lol... {image}
Happy New year Sir Chonchy, !st of the Month, First of the Year... I wish you many more greens this year. Those shorts you held were well worth it sir.

Nice trade
Numbers NEVER Lie
  • #47,998
  • Jan 1, 2016 4:24am Jan 1, 2016 4:24am
Quoting Ill-b-back
Happy New Year Sir Chonchy and Sir Zizo {image} {image}
Happy New Year Sir Ill-be-back,

I hope you had a great holiday with the family? Nice charts as always

Great to have you back, Missed you
Numbers NEVER Lie
  • #47,999
  • Jan 1, 2016 4:29am Jan 1, 2016 4:29am
Quoting ZizoFX
{quote} Happy New year Sir Chonchy, !st of the Month, First of the Year... I wish you many more greens this year. Those shorts you held were well worth it sir. Nice trade
....Thanks Sir Zizo the same for you and yours Sir. hope you get the best 2016 ever.......lot of good health is the best I can think for you and your family...It is nice to see sir Ill-b-back around here again in deed....I wish you both many, many pips this new year and the bless of the universe for both and the family's ....
The Chonchy
  • #48,000
  • Jan 1, 2016 12:09pm Jan 1, 2016 12:09pm
A borrowed GBP/USD chart on the weekly

I am considering a long term buy at 1.4700. The price is within a large rising channel that may see the price return back up to the 1.7 region which is still pretty modest when the exchange rate between 2006 - 2008 was in the region of 2.100 dollars to the pound sterling-0.53% . The exchange rate has never sustained anything below 1.4 so it seems to me that is may be a good physiological level for buying.

Fundamentally the GBP isn't doing great at the moment and the latest quarterly inflation report suggested that inflation is likely to remain at below 1% until the second half of 2016 which is below their 2% target. I think this trade will be dependant on the US Federal Reserve disappointing with the amount of rate hikes suggested in 2016. It could at least re-test the 1.5900 highs of 2015 but we can't afford any disappointing data from the UK.

A question I have to myself is do I buy at 1.4700 and get out if I have a weekly close below the lower channel trend line, or do I wait for a confirmation such as the price moving below 1.4700 and closing back above the trend line i.e. a lower wick testing the support. Risk to reward is brilliant for this set-up but risk reward is irrelevant if you are picking a losing trade.

I appreciate everyone's constructive feedback and whether anyone can develop on this idea.

Shared by RichardEdwards via tradingview
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Numbers NEVER Lie
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