Open long GBPNZD
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PVSRA (Price, Volume, S&R Analysis)
- #3,902
- Jan 18, 2016 11:10pm Jan 18, 2016 11:10pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Opened and closed long AUDUSD average +55.1 p{image}
You just keep finding those great trades and making those pips......congrats as usual.....
It looks like the auto fibo indicator is working for you nicely...
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- #3,905
- Jan 19, 2016 1:15am Jan 19, 2016 1:15am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
Open long GBPNZD {image}
- #3,906
- Jan 19, 2016 1:16am Jan 19, 2016 1:16am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
GBP/USD +121 pips {image} AUD/USD +51 pips , retrace daily high {image}
- #3,907
- Jan 19, 2016 3:50am Jan 19, 2016 3:50am
GBPUSD 5min +32.4 pips
First time posting here, hopefully can learn from some others
I can see on the 5 min chart for GBPUSD that volumes kicked in each time the chart formed a new high since Frankfurt open. The latest high also had a spike in volume, but was not higher than the previous high, indicating to me that the bulls had run out of steam.
As I speak I am no longer in this trade, but it is still slowly moving downwards indicating that I could have held on a little longer.
Appreciate any/all feedback
First time posting here, hopefully can learn from some others
I can see on the 5 min chart for GBPUSD that volumes kicked in each time the chart formed a new high since Frankfurt open. The latest high also had a spike in volume, but was not higher than the previous high, indicating to me that the bulls had run out of steam.
As I speak I am no longer in this trade, but it is still slowly moving downwards indicating that I could have held on a little longer.
Appreciate any/all feedback
- #3,908
- Edited 6:19am Jan 19, 2016 5:55am | Edited 6:19am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Cigarguy, Thanks you for share this indicator
Good to hear the indicator is useful and nice trades & comments....
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- #3,909
- Jan 19, 2016 6:03am Jan 19, 2016 6:03am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
This market is so slow and not giving up to many pips.......
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- #3,910
- Jan 19, 2016 6:16am Jan 19, 2016 6:16am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5, +35 (10 lots avg +3.5) entered after retrace above whole number and then another small retrace back to 161.8% fib and then down to TP at quarter number area. Finally, PA went into my scalping territory......
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- #3,911
- Edited 6:58am Jan 19, 2016 6:45am | Edited 6:58am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
UJ M5 FIFO scalp +104 (20 lots avg +5.2) entered short on PA break of quarter level with nice notable down volume/momentum for some quick pips at t/p 127.2 fib area..........
NOTE: H1 below tells the story why the drop, just observe PA above the whole number with little volume...........
NOTE: H1 below tells the story why the drop, just observe PA above the whole number with little volume...........
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- #3,912
- Jan 19, 2016 8:06am Jan 19, 2016 8:06am
USDCAD analysis.
Probably trend reversal? In the last 4 weeks UC went up like 800 pips without a decent backtrace. As I see blogs and comments, MM says long UC. So maybe its time to prepare shorts? Buying volume is decreasing, price has already started sidewalking. Maybe waiting for tomorrow BoC statement. If BoC wont cut rates, this is a big drop at least to 1.40. I already closed my longs taking a very nice profit. Lets see what the market makers do tomorrow. If BoC wont change rates I will short this in M5 / M15.
Happy trading to all of you!
Probably trend reversal? In the last 4 weeks UC went up like 800 pips without a decent backtrace. As I see blogs and comments, MM says long UC. So maybe its time to prepare shorts? Buying volume is decreasing, price has already started sidewalking. Maybe waiting for tomorrow BoC statement. If BoC wont cut rates, this is a big drop at least to 1.40. I already closed my longs taking a very nice profit. Lets see what the market makers do tomorrow. If BoC wont change rates I will short this in M5 / M15.
Happy trading to all of you!
Stay green! FN
- #3,913
- Jan 19, 2016 8:15am Jan 19, 2016 8:15am
AUDUSD trade mistake
What did I do wrong? As you can see I entered a short trade on AUDUSD, H4/D1 trend was short. So here are the mistakes:
- volume decreased when opened trade
- price was 20 pips near RDL level. NEVER GO SHORT near RDL! My first rule, I broke it, I made a loss.
- price was near a half level where MMs like playing their games
- double bottom in H1
- SL was too tight, should have been 50 pips as usually so the trade would have survived and closed in 20 pips profit
"Thats all." Learned from it - again.
What did I do wrong? As you can see I entered a short trade on AUDUSD, H4/D1 trend was short. So here are the mistakes:
- volume decreased when opened trade
- price was 20 pips near RDL level. NEVER GO SHORT near RDL! My first rule, I broke it, I made a loss.
- price was near a half level where MMs like playing their games
- double bottom in H1
- SL was too tight, should have been 50 pips as usually so the trade would have survived and closed in 20 pips profit
"Thats all." Learned from it - again.
Stay green! FN
- #3,914
- Jan 19, 2016 8:25am Jan 19, 2016 8:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
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- #3,915
- Jan 19, 2016 8:28am Jan 19, 2016 8:28am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
AUDUSD trade mistake What did I do wrong? As you can see I entered a short trade on AUDUSD, H4/D1 trend was short. So here are the mistakes: - volume decreased when opened trade - price was 20 pips near RDL level. NEVER GO SHORT near RDL! My first rule, I broke it, I made a loss. - price was near a half level where MMs like playing their games - double bottom in H1 - SL was too tight, should have been 50 pips as usually so the trade would have survived and closed in 20 pips profit "Thats all." Learned from it - again.
As you know, trading is a marathon not a sprint and we all learn every day and thank you for this post as a learning experience for all.............
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- #3,916
- Jan 19, 2016 8:45am Jan 19, 2016 8:45am
{quote} forexn00b, As you know, trading is a marathon not a sprint and we all learn every day and thank you for this post as a learning experience for all.............
You had a great day as I see, congrats! Just keep stealing from the banks!
Stay green! FN
- #3,918
- Jan 19, 2016 10:14am Jan 19, 2016 10:14am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Sigarguy, Thanks you for your comment in trade. How do you make exit of a loss position? You use Stoploss ? Regards.
Hope I read your question correctly and this helps........
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- #3,919
- Jan 19, 2016 2:10pm Jan 19, 2016 2:10pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
PVSRA Traders, just a little humor on this slow Tuesday afternoon........ Maybe some here can relate......It's soo cool and brought to you by the PVSRA Band.........
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