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The Wanderings of Tashkent

  • #701
  • Jan 26, 2016 6:49am Jan 26, 2016 6:49am
A question about post 693.
I have looked closely at your chart, but I still don't get it how you have spotted 0,6920 as a support, even though you were right to the pip. I would go with 0,6908, than 0,6826 etc. But why 0,6920.
I know you see what I don't, but can you explain it a bit.
  • #702
  • Jan 26, 2016 7:17am Jan 26, 2016 7:17am
we might be following the red path. expecting 0695x and then up (most definitely not in a straight line)
Attached Image (click to enlarge)
Click to Enlarge Name: au1.png Size: 61 KB
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  • #703
  • Jan 26, 2016 7:31am Jan 26, 2016 7:31am
Quoting cold chisel
A question about post 693. I have looked closely at your chart, but I still don't get it how you have spotted 0,6920 as a support, even though you were right to the pip. I would go with 0,6908, than 0,6826 etc. But why 0,6920. I know you see what I don't, but can you explain it a bit.
Hi CC,
unfortunately i can't tell why because i have no logical reason, it just feels right. i know very vague response and i apologize. (or maybe i was just lucky with this wild guess)
also look at the jan10 low, i took that into consideration plus the way price is moving and traders' reaction to specific levels.
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  • #704
  • Jan 26, 2016 7:35am Jan 26, 2016 7:35am
Thanks Tashkent. I'm a trend trader, so things like that don't bother me a lot, but still I'm ashamed that even after 12 years of constant trading I can't explain to myself what others are doing.
  • #705
  • Jan 26, 2016 7:56am Jan 26, 2016 7:56am
you are absolutely right, CC. what matters is finding the right direction, not the pip to pip spot, which is really not that important, especially if you are a trend trader targeting at least couple of hundred pips.
in the mid term, longs are safe as long as bull can protect the 6950, however they need to conquer and stay above 7000 (on 4H and above TFs) to fulfill their greater ambitions of 72xx
Attached Image (click to enlarge)
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  • #706
  • Edited 11:11am Jan 26, 2016 8:05am | Edited 11:11am
another attempt with gu short. sell order filled 4259

EDIT. stopped out with 20 pips loss
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  • #707
  • Jan 26, 2016 11:16am Jan 26, 2016 11:16am
Quoting tashkent
daily chart shows us last 2 pinbars from the both ends and indecisiveness in the market. the main areas of interest of the few last days was actually decided on Monday, 1/18. I marked that with white horizontal lines. this zone will be visited early next week again. it is very important to keep an eye on the winner of this area and the speed of fleeing the black hole.
marked the zone with green color for better visibility. the mid term correction is now unquestionable. longs on retracements make complete sense. FOMC coould be the catalyst if anybody is planning to buy at better rate
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 32 KB
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  • #708
  • Jan 26, 2016 11:25am Jan 26, 2016 11:25am
Quoting tashkent
under normal circumstances GU is a done deal. buyers are hopeless and just waiting for big bear to appear and do what he has to do with them. {image}
this was a big BS. got everything wrong.
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  • #709
  • Jan 26, 2016 12:30pm Jan 26, 2016 12:30pm
Quoting tashkent
{quote} marked the zone with green color for better visibility. the mid term correction is now unquestionable. longs on retracements make complete sense. FOMC coould be the catalyst if anybody is planning to buy at better rate {image}
re-visit to upper green line 4240 would offer good opportunity to go long around that area or 422x if trendline respected
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 51 KB
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  • #710
  • Jan 26, 2016 1:14pm Jan 26, 2016 1:14pm
closed the last au long from 6952 for 60 pips. waiting for retracement to re-enter
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  • #711
  • Jan 28, 2016 2:20pm Jan 28, 2016 2:20pm
got some time for updates. currently running 3 short trades.
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  • #712
  • Jan 28, 2016 4:00pm Jan 28, 2016 4:00pm
short EJ
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 52 KB
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  • #713
  • Jan 28, 2016 7:12pm Jan 28, 2016 7:12pm
Quoting tashkent
short EJ {image}
i hope i don't curse your shorts but they are looking good
  • #714
  • Jan 28, 2016 7:28pm Jan 28, 2016 7:28pm
Quoting diceman555
{quote} i hope i don't curse your shorts but they are looking good
i was thinking what to do with these shorts, eu and gu shorts are significant part of my account should close either eu or gu positions and cash the profit. each position is about 20 pips. soon we have boj and do not know how things will play out. little risky to leave all positions open. probably will leave ej open. have some more sell orders above
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  • #715
  • Jan 28, 2016 9:55pm Jan 28, 2016 9:55pm
happy
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 43 KB
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  • #716
  • Jan 28, 2016 10:01pm Jan 28, 2016 10:01pm
Do you know what was it? News?
  • #717
  • Jan 28, 2016 10:18pm Jan 28, 2016 10:18pm
Quoting yurik
Do you know what was it? News?
BOJ QE with negative interest rate
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  • #718
  • Jan 28, 2016 10:31pm Jan 28, 2016 10:31pm
Quoting diceman555
{quote} i hope i don't curse your shorts but they are looking good
damn thing did not work out but sell order triggered over 100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 29 KB
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  • #719
  • Jan 29, 2016 12:14am Jan 29, 2016 12:14am
i was watching the yen pairs and thought for sure you would be on one of them,

i played follow my leader and went long cable closing for just under 40 pips,

looking for reentry when she breaks the previous highs
  • #720
  • Jan 29, 2016 12:58am Jan 29, 2016 12:58am
Quoting diceman555
i was watching the yen pairs and thought for sure you would be on one of them, i played follow my leader and went long cable closing for just under 40 pips, looking for reentry when she breaks the previous highs
i saw that trade of yours, pretty low risk excellent entry. looks like GU want to break out again soon.
actually i was on 3 jpy trades, as was planning from the beginning of this week but did not want to brag here too much, though posted AJ in AU thread lol
cashed AJ short for 160 pips but UJ short died at BE after 180 pips profit...
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