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1 year profitable trading goal

  • #281
  • Aug 6, 2016 4:11am Aug 6, 2016 4:11am
Normally summers are boring trading time but this year is being very interesting
Try don't lose pants never...
  • #282
  • Aug 6, 2016 6:47am Aug 6, 2016 6:47am
Quoting benaiah
hi all, Prior start date is okay, but please put your start date as part of your TE name, similar to mine and others who have included their start dates. I think this is good also for all to see where each of is in our efforts, and can be a positive influence. It also indicates you want to be part of the group/effort... Kind regards, B Edit: So, I don't want to take away from anyone's effort if they've been going at it for 6 months or longer. Even if they join us late, they still have put in the effort/time. I mean if someone joins tomorrow, who...
ok.thanks.understood.
Keep It Simple & Profitable
  • #283
  • Aug 6, 2016 6:52am Aug 6, 2016 6:52am
Quoting benaiah
Btw... My long-term goal here is to have as many traders as possible with 1 year or more of success. Imagine a thread, with hundreds of traders contributing with TEs attached to their posts with 1 year or more profitability. I think this would be something to see, and I'd be glad to be a part of it...
If we can do that..i think that's a huge success..i am with u..sooner or later many traders will join us..I really hope that.Let's just wait and see.
Keep It Simple & Profitable
  • #284
  • Aug 6, 2016 11:22am Aug 6, 2016 11:22am
Looking at most of the jpy pairs, and I suspect we'll see a bullish week...

As soon as market opens I'll be looking for a buy on AJ, with SL below last week's low...

The blue box seems to be currently established S/R level. A daily/weekly close above 80 would encourage me to hold longs to attack 83-86 area...
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  • #285
  • Aug 6, 2016 11:24am Aug 6, 2016 11:24am
Quoting benaiah
Looking at most of the jpy pairs, and I suspect we'll see a bullish week... As soon as market opens I'll be looking for a buy on AJ, with SL below last week's low... The blue box seems to be currently established S/R level. A daily/weekly close above 80 would encourage me to hold longs to attack 83-86 area... {image}
Good, cause I am looking for a reasonable price to go short on AJ.
  • #286
  • Aug 6, 2016 11:40am Aug 6, 2016 11:40am
Quoting attilafx
{quote} Good, cause I am looking for a reasonable price to go short on AJ.
I have no problem with opposing views. But your post is not very useful. Post analysis/charts and a reason behind your view, or don't post.
  • #287
  • Aug 6, 2016 11:53am Aug 6, 2016 11:53am
Quoting benaiah
{quote} I have no problem with opposing views. But your post is not very useful. Post analysis/charts and a reason behind your view, or don't post.
Because medium term momentum points lower.
And since we didn't get out yet no need to look for longs. To risky, costed me money this week.

http://www.forexfactory.com/showthre...25#post9070125
  • #288
  • Aug 6, 2016 12:03pm Aug 6, 2016 12:03pm
Quoting attilafx
{quote} Because medium term momentum points lower. And since we didn't get out yet no need to look for longs. To risky, costed me money this week. http://www.forexfactory.com/showthre...25#post9070125
yes, I understand. It's currently in a corrective move. I think you posted a 4 hour chart, and I see how it looks a bit more indecisive on that time frame.

Here's a 4 hour chart view from my perspective. I'll still look to go long, but if it looks like it will get hung up on 78 level, maybe I'll come out...
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  • #289
  • Aug 6, 2016 12:05pm Aug 6, 2016 12:05pm
here i am
check my TE
  • #290
  • Aug 6, 2016 12:15pm Aug 6, 2016 12:15pm
Quoting benaiah
{quote} yes, I understand. It's currently in a corrective move. I think you posted a 4 hour chart, and I see how it looks a bit more indecisive on that time frame. Here's a 4 hour chart view from my perspective. I'll still look to go long, but if it looks like it will get hung up on 78 level, maybe I'll come out... {image}
I use 8 and 12 hour charts,
for entry going down to 15 minutes.
  • #291
  • Aug 6, 2016 12:20pm Aug 6, 2016 12:20pm
Another point of interest...

Bulls protected the 50% level of the range.

if that fell through, I'd probably look to buy around the 61.8 level.
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  • #292
  • Edited 1:03pm Aug 6, 2016 12:52pm | Edited 1:03pm
Quoting benaiah
Another point of interest... Bulls protected the 50% level of the range. if that fell through, I'd probably look to buy around the 61.8 level. {image}
Hey Benaiah, Why don't You start with Ur current position in USD/JPY, add more position maybe. I will look for buy only in Monday, but off course depend on prices change near or after Frankfurt / London Open.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #293
  • Aug 6, 2016 1:05pm Aug 6, 2016 1:05pm
Quoting RoelsMajor
{quote} Hey Benaiah, Why don't You start with Ur current position in USD/JPY, add more position maybe... {image} {image}
Yea, that might be an option and actually probably same as going long on AJ since they tend to be correlated...
  • #294
  • Edited 1:44pm Aug 6, 2016 1:21pm | Edited 1:44pm
Quoting benaiah
{quote} Yea, that might be an option and actually probably same as going long on AJ since they tend to be correlated...
Tend to be correlated Yes, but not always have positive or negative 100% correlation at anytime. Take a trade each of pair effectively when the opportunity rise.

http://www.myfxbook.com/forex-market/correlation
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #295
  • Aug 6, 2016 1:45pm Aug 6, 2016 1:45pm
Quoting mlaz
here i am check my TE
Here We come another "Lion" Trader! Great trades so far Bro! And nice profits too.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #296
  • Edited 2:21pm Aug 6, 2016 2:05pm | Edited 2:21pm
Quoting RoelsMajor
{quote} Tend to be correlated Yes, but not always have positive or negative 100% correlation at anytime. Take a trade each of pair effectively when the opportunity rise. http://www.myfxbook.com/forex-market/correlation {image}
lol, okay, but I was not planning on holding for a month.

They are 87% positively correlated on a weekly time frame. And 78% positively correlated on daily time frame.

I don't usually use correlation in my trading, but if 2 pairs are moving so closely together during a typical trade duration period, imo, it makes sense to take it into consideration...

Edit: also, imo, when pairs have a currency in common, (in this case the yen) yen strength/weakness will be a significant factor with both pairs...
  • #297
  • Aug 6, 2016 2:33pm Aug 6, 2016 2:33pm
GN, I think I'll look for a long with SL below 1.77...
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  • #298
  • Aug 6, 2016 2:59pm Aug 6, 2016 2:59pm
will look to short NU on a pull-back
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  • #299
  • Aug 6, 2016 3:21pm Aug 6, 2016 3:21pm
Just wanted to share a trade that I'm currently in. GBP/USD is currently sitting at the bottom of this range that the pair has been in for the past few weeks post-Brexit. I'm suspecting that we may see it drift south and retest 1.29 and possibly the July lows at 1.28. Should be an opportunity to add or get in on a clean break of 1.30. This upcoming week I'll also be looking at AUD/USD, NZD/USD and USD/JPY for opportunities to play some dollar strength off of those NFP numbers.

On a side note, I just want to say that I think this thread is a cool idea. I'm noticing a bad habit of mine by looking at my TE -- that is I have a tendency to put on trades and then remove them after a short while for a small loss or gain only to put the same trade back on a short time later. It's an issue of confidence that has prevented me from trading with a larger account. Hopefully I can get a few months on positive grow and that will cure this nasty habit.

Anyway, hope everyone banks some green this coming week.
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  • #300
  • Edited 8:44am Aug 7, 2016 2:16am | Edited 8:44am
Quoting noFXguru
Just wanted to share a trade that I'm currently in. GBP/USD is currently sitting at the bottom of this range that the pair has been in for the past few weeks post-Brexit. I'm suspecting that we may see it drift south and retest 1.29 and possibly the July lows at 1.28. Should be an opportunity to add or get in on a clean break of 1.30. This upcoming week I'll also be looking at AUD/USD, NZD/USD and USD/JPY for opportunities to play some dollar strength off of those NFP numbers. On a side note, I just want to say that I think this thread is a cool...
Last 2 candles seem tweezers bottom in a range support. Sometimes big movements are trick for catch traders. That big movement stopped at that point so easy. And with monday open maybe it's a excuse for turn direction
Try don't lose pants never...
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