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Discovering An Edge

  • #1,161
  • Mar 9, 2016 3:10am Mar 9, 2016 3:10am
Taken a punt on AUDJPY Long @ 8420
Edit: Set TP at yesterday's Daily PP.

Still got pending long on USDCAD
Also put in a long on US Crude at Daily PP.

Looks like commodities are really driving commodity currencies. My mistake on shorts last night has borne that out, especially with EURAUD
A pip is only worth it if you know how much you risked to earn it
  • #1,162
  • Mar 9, 2016 3:15am Mar 9, 2016 3:15am
AUDJPY
Doji on 2M... hmmm... maybe the top won't be broken. Will prepare to exit if not.

Edit:
OUt -3

USDCAD triggered long
A pip is only worth it if you know how much you risked to earn it
  • #1,163
  • Mar 9, 2016 3:18am Mar 9, 2016 3:18am
Well, missed out on the DAX impulse
Long 9803 for a scalp.

Edit: Easy +20 pips
A pip is only worth it if you know how much you risked to earn it
  • #1,164
  • Mar 9, 2016 3:21am Mar 9, 2016 3:21am
Now that DAX has fired the impulse, it's important to remember that the US session wants a taste of this.

If their Asian and London counterparts got in on the longs at 9700, they won't be willing to just take longs at 9800.
So expecting a deep retracement again, wait for reaction (bounce and consolidation).

Quick calculation: 9820 less 9860 = 140. Therefore mid = 9750.... looking for longs around here.
A pip is only worth it if you know how much you risked to earn it
  • #1,165
  • Mar 9, 2016 3:23am Mar 9, 2016 3:23am
Pending long on USDCAD has triggered.
It's slow steady decline seems like that of stops being triggered.
Will try and hold this until NEWS at 3PM GMT with Canadian Bank Rate announcement. Looking for unfavourable news and USDCAD goes higher.
A pip is only worth it if you know how much you risked to earn it
  • #1,166
  • Mar 9, 2016 4:56am Mar 9, 2016 4:56am
dammit, one of the USDCAD SLs got taken +3
Have closed the other one for 0.
Maybe wait for 3PM...

edit:
put a pending buy at daily pivot again @ 13378
A pip is only worth it if you know how much you risked to earn it
  • #1,167
  • Mar 9, 2016 5:20am Mar 9, 2016 5:20am
DAX
The question is whether stocks will go up or not.

If up then by when. There is a correlation between Oil prices getting higher and supporting Indices.
For Dax, it appears to be capped at 9910. This price is not far away, but it is higher than current.... which means short term day or intraday would appear to support longs.

Current 1H shows that in ZZBB terms (a) we are now due for a correction downwards or (b) prices push higher. This is because of the sequence of extreme swings.... latest one is a Top, prior one Bottom, etc... all outside of Bollinger Band.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-1H.JPG Size: 245 KB
A pip is only worth it if you know how much you risked to earn it
  • #1,168
  • Mar 9, 2016 6:09am Mar 9, 2016 6:09am
stops moved up on Crude longs.

Long NZDJPY just above daily pivot @ 7640
Looking for favourable NZD rate news

Long USDCAD @ 13410. Looks like it won't retrace to pivot.
A pip is only worth it if you know how much you risked to earn it
  • #1,169
  • Mar 9, 2016 6:13am Mar 9, 2016 6:13am
Closed crude +50
A pip is only worth it if you know how much you risked to earn it
  • #1,170
  • Mar 9, 2016 6:15am Mar 9, 2016 6:15am
Placed order for 2 Dax at 9776.
Will also look at R1 for support or trigger break upwards for add.
A pip is only worth it if you know how much you risked to earn it
  • #1,171
  • Mar 9, 2016 6:20am Mar 9, 2016 6:20am
Quoting vlady1974
stops moved up on Crude longs. Long NZDJPY just above daily pivot @ 7640 Looking for favourable NZD rate news Long USDCAD @ 13410. Looks like it won't retrace to pivot.
USDCAD SL to BE+2
A pip is only worth it if you know how much you risked to earn it
  • #1,172
  • Mar 9, 2016 6:56am Mar 9, 2016 6:56am
USDCAD got closed at SL

DAX order triggered. I added an extra one to it.

NZDCAD up +16, SL to BE.
Edit: SL to +12
A pip is only worth it if you know how much you risked to earn it
  • #1,173
  • Mar 9, 2016 7:04am Mar 9, 2016 7:04am
NZDCAD stopped out.
A pip is only worth it if you know how much you risked to earn it
  • #1,174
  • Mar 9, 2016 7:28am Mar 9, 2016 7:28am
Long DAX at 9735
Short EUR at 10980

2 dax positions under water

Edit:
Had to cancel EUR order and last Dax.
Re-entered DAX @ 9729
A pip is only worth it if you know how much you risked to earn it
  • #1,175
  • Apr 4, 2016 8:51am Apr 4, 2016 8:51am
hey vlad. where are you posting these days. just thought id check in on you.
  • #1,176
  • Apr 4, 2016 8:55am Apr 4, 2016 8:55am
Quoting ephisi
hey vlad. where are you posting these days. just thought id check in on you.
Hey mate, my posts are quite infrequent now as my free time is very random due to work.
Some days, I've got hours, some days can't even look at it.

However, I share your sentiment with EU. I'm short on it. Good job on the EY short! Recently, I've been trying to split my trading so that I look at London/NYC session with DAX or EU or GBP or USD bases and then look at Asia basket currencies for the overnight session, so AUD and YEN. This is a bit tricky for me as I don't often trade the asia based pairs. In addition, since latest volatility is connected with commodities I'm having to learn Oil and Gold stuff which also adds to the learning curve. But there you go.

Hope all is well and you've got green pips!
A pip is only worth it if you know how much you risked to earn it
  • #1,177
  • Apr 4, 2016 10:36am Apr 4, 2016 10:36am
Quoting vlady1974
{quote} Hey mate, my posts are quite infrequent now as my free time is very random due to work. Some days, I've got hours, some days can't even look at it. However, I share your sentiment with EU. I'm short on it. Good job on the EY short! Recently, I've been trying to split my trading so that I look at London/NYC session with DAX or EU or GBP or USD bases and then look at Asia basket currencies for the overnight session, so AUD and YEN. This is a bit tricky for me as I don't often trade the asia based pairs. In addition, since latest volatility...
Good one mate. All is well. thanks. see ya around
  • #1,178
  • Apr 4, 2016 10:48am Apr 4, 2016 10:48am
May as well put this on here whilst I'm logged on.

Long AUDNZD, @ 11134.5
just above Pivot.

Target A: 11372
Target B: 11440
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD-4H.JPG Size: 255 KB
A pip is only worth it if you know how much you risked to earn it
  • #1,179
  • Apr 4, 2016 11:01am Apr 4, 2016 11:01am
Quoting vlady1974
May as well put this on here whilst I'm logged on. Long AUDNZD, @ 11134.5 just above Pivot. Target A: 11372 Target B: 11440 {image}
I see. makes a lot of sense how you trade with the current trend as explained on my journal. I think we have AUD rates decision tonite.
  • #1,180
  • Apr 4, 2016 3:41pm Apr 4, 2016 3:41pm
Short GBPUSD target 14110
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 975 KB
A pip is only worth it if you know how much you risked to earn it
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