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Full Time FX Trading

  • #101
  • Aug 10, 2016 4:03pm Aug 10, 2016 4:03pm
Hope everyone was able to get on this trade. Nice move in Kiwi after less than Dovish statement from RBNZ

Quoting 5abi
Guys, I did not take any trades much in last two days. The market was almost dead. Things appear to be changing today. I just end up buying some NZDJPY. I also got a pending order on NZDJPY, hoping it fills. Beware there is big news out of RBNZ at 4 PM today so position size wisely. I am risking about 2 % to make about 2 %. Remember traders, its all about risk management, there are no home runs in trading.
Its all in the mind.
  • #102
  • Aug 10, 2016 4:04pm Aug 10, 2016 4:04pm
Whopper moved down in GBP NZD. I did not trade it since i did not want to risk more than 2 % but hope some of you guys were able to ride it down ! Good day and week!



Quoting 5abi
GBP NZD: I got no crystal ball. But I am good at putting 2 and 2 together. When RBA cuts its rate, AUD rallied. When BOE cut its rate, GBP crapped in its pants. Tonight, if RBNZ cuts its rate. What will happen? Well, I dont know. But NZD is still gonna yield 2 % after that rate cut. Food for thought. If you are Bearish NZD, think about it long and hard. {image}
Its all in the mind.
  • #103
  • Aug 10, 2016 9:54pm Aug 10, 2016 9:54pm
Quoting Koop
{quote} I wonder why Geppy didn't close the higher price buys when they were in a little profit and wait for a retracement to enter at better prices... Usdcad could go up any time soon, but as i earlier said, it would be wise to wait for a clear indication.
I have a feeling he has a big unruly ego that he will show everyone that he is right and be the master of the universe.
Not to mention the fact that he was putting on a show.
May be he forgot that this was not a circus.
Live life king size !
  • #104
  • Aug 11, 2016 2:56am Aug 11, 2016 2:56am
Quoting Koop
{quote} Eurjpy has been annoying for some days... Shorted it the same time I did GBPNZD which blessed me with a little over 800 pips on two positions but EURJPy has been stuck in a 90 pip range.. Frustrating thing is, whenever I give up on trades like this and close them, they immediately begin to move in my favour... Eyes peeled on all GBP pairs... Looking for retracement entries...
Yes its amazing how many times price goes the way you expected just after you've closed the position!

I always say if you've taken profit then there is not much you have done wrong.

ps. GBP pairs worth a look for sure!

Masterrmind............
Master your Mind then Master your Trades
  • #105
  • Aug 11, 2016 8:25am Aug 11, 2016 8:25am
AUDCHF shorts look yummy. I have a pending order.
Its all in the mind.
  • #106
  • Aug 11, 2016 8:28am Aug 11, 2016 8:28am
Quoting 5abi
AUDCHF shorts look yummy. I have a pending order.
Right at a major level, ChF has been showing some strength recently, so has Aud though...
  • #107
  • Aug 11, 2016 8:29am Aug 11, 2016 8:29am
Quoting 5abi
AUDCHF shorts look yummy. I have a pending order.
You're welcome
  • #108
  • Aug 11, 2016 8:29am Aug 11, 2016 8:29am
Would risk a 1% to make 2 %. Assuming my order fills. I hate to pay the spread.

Quoting Koop
{quote} Right at a major level, ChF has been showing some strength recently, so has Aud though...
Its all in the mind.
  • #109
  • Aug 11, 2016 10:33am Aug 11, 2016 10:33am
Call me paranoid but when they don't fill my order by 1-2 pips its a sign the trade will go in my direction. I did not get a fill and the pair is down 21 pips. Watch it if it starts carving a lower low and lower high under that 0.75 level. Will go sub 0.74.


Quoting 5abi
AUDCHF shorts look yummy. I have a pending order.
Its all in the mind.
  • #110
  • Aug 11, 2016 10:37am Aug 11, 2016 10:37am
Quoting 5abi
Call me paranoid but when they don't fill my order by 1-2 pips its a sign the trade will go in my direction. I did not get a fill and the pair is down 21 pips. Watch it if it starts carving a lower low and lower high under that 0.75 level. Will go sub 0.74. {quote}
Lets hope so, I've got 2 orders at the moment .7520 and .7518 a close on the H1 below .7490 should see us move to the downside.. Also short UCAD.
  • #111
  • Aug 11, 2016 10:40am Aug 11, 2016 10:40am
UCAD short looks good on higher time frames but it is sitting on H1 support. I wanna see that break down first.


Quoting fxtrader18
{quote} Lets hope so, I've got 2 orders at the moment .7520 and .7518 a close on the H1 below .7490 should see us move to the downside.. Also short UCAD.
Its all in the mind.
  • #112
  • Aug 11, 2016 10:47am Aug 11, 2016 10:47am
Quoting 5abi
UCAD short looks good on higher time frames but it is sitting on H1 support. I wanna see that break down first. {quote}
i see price sitting on some support right now. really has to close below 1.30 for shorts if you ask me
  • #113
  • Aug 11, 2016 11:04am Aug 11, 2016 11:04am
Nice equity curve 5abi , hardly any dd and trading it like there is a significant amount . def one better traders seen here. Keep it up
  • #114
  • Aug 11, 2016 11:21am Aug 11, 2016 11:21am
Quoting 5abi
UCAD short looks good on higher time frames but it is sitting on H1 support. I wanna see that break down first. {quote}
The reaction from the 1.30 lows this time was weak, same with Oil, they've dragged each other along.

EDIT: Took 60 pips and ran!
  • #115
  • Aug 11, 2016 11:22am Aug 11, 2016 11:22am
GBPJPY could be about to rally up here. Watch for a break of the 1H trend line.
  • #116
  • Aug 11, 2016 11:25am Aug 11, 2016 11:25am
Quoting fxtrader18
GBPJPY could be about to rally up here. Watch for a break of the 1H trend line.
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #117
  • Aug 11, 2016 11:26am Aug 11, 2016 11:26am
Technically it looks good but there are 4 traders long for every trader short. This kind of positioning usually means the longs would get screwed royally. Thats is why I am not in UDJPY long already.

Quoting fxtrader18
GBPJPY could be about to rally up here. Watch for a break of the 1H trend line.
Its all in the mind.
  • #118
  • Aug 11, 2016 11:28am Aug 11, 2016 11:28am
Thank you. I am ANAL about risk control You got a very nice upward trending equity curve there on your TE, I like it!
Quoting Pip-Miner
Nice equity curve 5abi , hardly any dd and trading it like there is a significant amount . def one better traders seen here. Keep it up
Its all in the mind.
  • #119
  • Aug 11, 2016 12:46pm Aug 11, 2016 12:46pm
Well worth looking out for the reaction here on AUDCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-e11-8-16.png Size: 102 KB
  • #120
  • Aug 11, 2016 1:00pm Aug 11, 2016 1:00pm
Quoting fxtrader18
GBPJPY could be about to rally up here. Watch for a break of the 1H trend line.
Rallied 40 odd pips and now coming into an area to be careful of, lots of Yen weakness right now.
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