Attachments: TEB: Daily Strength/Weakness Trading

TEB: Daily Strength/Weakness Trading

#781
Jan 6, 2016 12:16pm Jan 6, 2016 12:16pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

I hate to do it - but closing all my open trades before the fed minutes at 2pm
I like my trades but do not want to be open to surprise!!

cheers

teb

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#782
Jan 6, 2016 10:39pm Jan 6, 2016 10:39pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

had a good night of trading. I liked my earlier trades.
I saw weakness in the Cad and strength in the JPY
went in big esp for night trading

TEB

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#783
Jan 7, 2016 5:25am Jan 7, 2016 5:25am

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

I dislike when there are so many targets

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#784
Jan 7, 2016 5:09pm Jan 7, 2016 5:09pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

Quoting Darastonius

Disliked

Hey TEB, keep up the good work, just one question: do you trade without a stop loss? Or if you use one, is it just an emergency SL far away from current price action? Thanks

Ignored

yes I have a Stop Loss - normally a swing on the hour or 4 hour - I watch the round numbers as well
teb

#785
Jan 7, 2016 10:43pm Jan 7, 2016 10:43pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

remember one and all tomorrow is NFP!!!

TEB

#786
Jan 8, 2016 7:02am Jan 8, 2016 7:02am

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

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#787
Jan 8, 2016 10:39am Jan 8, 2016 10:39am

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

In the Money easy trading!!

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#788
Jan 8, 2016 11:11am Jan 8, 2016 11:11am

Rinehart
| Joined Oct 2010 | Status: Trader | 94 Posts

That's awesome!

#789
Edited 8:23pm Jan 8, 2016 8:01pm | Edited 8:23pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

it was the Best NFP I have ever done

but it was easy to spot for a number of reasons
1.The Blow out numbers on the USA NPF
2. JPY is very strong and the news in USA has a great effect on Japan (because of interest rates stuff)
3. CAD has a better Job report - great to confuse
4. CAD is very very weak because of oil
5. The Pro gave their hand away last night
I was basically been watching two pairs the GBPJPY and the CADJPY
Look at what we saw last night - if you do not see the "foote prints" of the pros in those charts you should really think about your trading
in hindsight the pound jpy would have been better - oh well
- I filled the boat !!!

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#790
Jan 8, 2016 9:22pm Jan 8, 2016 9:22pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

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#791
Jan 9, 2016 2:29pm Jan 9, 2016 2:29pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

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#792
Jan 9, 2016 6:29pm Jan 9, 2016 6:29pm

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

with such a big move on Friday and with everything moved Monday maybe interesting
did this help any one else on Friday

teb

#793
Jan 11, 2016 8:03am Jan 11, 2016 8:03am

jusiur
Joined Oct 2010 | Status: Trader | 646 Posts

Quoting TEB63

Disliked

{quote} Strength is not Bias Strength is what the pros are setting up - long game or at least that is what I am trying to track I like when both Bias and strength a line

Ignored

golden words, should be the hint of the day

Humble & Kalcker CLO2 = Covid killer

#794
Jan 11, 2016 8:13am Jan 11, 2016 8:13am

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

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#795
Jan 11, 2016 10:27am Jan 11, 2016 10:27am

Rinehart
| Joined Oct 2010 | Status: Trader | 94 Posts

Here's my attempt at mimicking your trading TEB. Your strength / weakness analysis showed GBP / JPY as a great pairing. I identified selling on 3 time frames (I don't have 3 min charts so had to settle for 1/3 going from 15 min chart to 5 min). I exited prematurely due to being distracted at work.

Any feedback is very appreciated.

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#796
Edited 11:21am Jan 11, 2016 11:05am | Edited 11:21am

TEB63
Joined Jan 2007 | Status: Trader | 5,864 Posts

Quoting Rinehart

Disliked

Here's my attempt at mimicking your trading TEB. Your strength / weakness analysis showed GBP / JPY as a great pairing. I identified selling on 3 time frames (I don't have 3 min charts so had to settle for 1/3 going from 15 min chart to 5 min). I exited prematurely due to being distracted at work. Any feedback is very appreciated. {image}

Ignored

Looks great to me my friend-
the 5 min is ok

I am in the CadJpy

How do you decide to Exit ( I know you closed out for work this time)

PS I don't use Candles anymore I have to remember them lol

Cheers

TEB

#797
Jan 11, 2016 11:21am Jan 11, 2016 11:21am

Rinehart
| Joined Oct 2010 | Status: Trader | 94 Posts

I will admit that taking profits is one of the weaker parts of my trading.

What I normally do is try to book half around 1:1. Then leave the rest with full risk leaving me at worst knocked out for BE overall and able to trail the SL with more room to breath. I typically will trail behind the 14 EMA on the 15 min chart. If there is a large volume candle, I will watch the next candle for hints of reversal and if reversal is indicated I will then peel off another part of the trade and move the remainder to BE+.

In this case there is a clear support and resistance flip around 170.65. You have to expect some kind of bounce there so I should have targeted that area. Instead I saw I was in good profit and was leaving for a meeting so I exited everything.

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