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Fundamentals + sentiment + order levels rationale

  • #181
  • Sep 6, 2016 6:43am Sep 6, 2016 6:43am
Cable setup coming up

Trade:

 

  1. Best opportunity (according to sentiment?, risk events, sentiment shift, immediate catalyst for move, which currency)
    Only technical daily S/R bounce
  2. Best price entry (is near support/resistance?, daily Fibo, daily TL, still room according to ADR?)

​Yes, daily R

  1. R:R 1:2 or more

    1:2


Conviction: 7/10

Trade management rules:

 

  1. 20-30 pip SL
  2. Move to breakeven when over 50% to the TP


Attached Image (click to enlarge)
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3. Result


4. Reason for the result

5. Lesson from the result
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #182
  • Sep 6, 2016 8:56am Sep 6, 2016 8:56am
Quoting Ramadas
Cable setup coming up Trade: Best opportunity (according to sentiment?, risk events, sentiment shift, immediate catalyst for move, which currency) Only technical daily S/R bounce Best price entry (is near support/resistance?, daily Fibo, daily TL, still room according to ADR?) ​Yes, daily R R:R 1:2 or more 1:2 Conviction: 7/10 Trade management rules: 20-30 pip SL Move to breakeven when over 50% to the TP {image} 3. Result 4. Reason for the result 5. Lesson from the result
My cable setup went down in flames because:
Cable and gilt yields higher after latest BOE bond buys

http://news.forexlive.com/!/boe-find...upply-20160906

Just when cable hit the resistance, these news surfaced.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #183
  • Sep 6, 2016 9:07am Sep 6, 2016 9:07am
PMI non-manuf. bombed and I was luckily in positions against the dollar. So I just kept them till TP.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #184
  • Sep 7, 2016 1:48am Sep 7, 2016 1:48am
Will dollar selling continue today?

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #185
  • Sep 7, 2016 1:51am Sep 7, 2016 1:51am
Probable dollar index moves today

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #186
  • Sep 7, 2016 1:55am Sep 7, 2016 1:55am
Trade: NZD USD carry

 

  1. Best opportunity (according to sentiment?, risk events, sentiment shift, immediate catalyst for move, which currency)​

​Market see less chance of Fed hike, so yield is found in NZ. Good dairy auction yesterday +7%

  1. Best price entry (is near support/resistance?, daily Fibo, daily TL, still room according to ADR?)

​Buying according to daily trend up on fading hourly supports.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB

  1. R:R 1:2 or more

1:2

Conviction: 7/10

Trade management rules:

 

  1. 20-30 pip SL
  2. Move to breakeven when over 50% to the TP


3. Result


4. Reason for the result

5. Lesson from the result

Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #187
  • Sep 7, 2016 1:59am Sep 7, 2016 1:59am
Attached Image (click to enlarge)
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #188
  • Sep 7, 2016 2:06am Sep 7, 2016 2:06am
Trade: USDJPY short

 

  1. Best opportunity (according to sentiment?, risk events, sentiment shift, immediate catalyst for move, which currency)

​Less chance of Fed hike

  1. Best price entry (is near support/resistance?, daily Fibo, daily TL, still room according to ADR?)

​Selling resistances

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 143 KB

  1. R:R 1:2 or more

1:2

Conviction: 6/10

Trade management rules:

 

  1. 20-30 pip SL
  2. Move to breakeven when over 50% to the TP


3. Result


4. Reason for the result

5. Lesson from the result

Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #189
  • Sep 7, 2016 2:15am Sep 7, 2016 2:15am
Daily level is strong.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #190
  • Sep 7, 2016 3:20am Sep 7, 2016 3:20am
USD CAD is waiting for the BOC statement and API crude inventories

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #191
  • Sep 7, 2016 3:22am Sep 7, 2016 3:22am
Betting on better than expected data from UK

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But also placed sell stop if worse much.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #192
  • Sep 7, 2016 3:25am Sep 7, 2016 3:25am
Quoting Ramadas
Trade: NZD USD carry Best opportunity (according to sentiment?, risk events, sentiment shift, immediate catalyst for move, which currency)​ ​Market see less chance of Fed hike, so yield is found in NZ. Good dairy auction yesterday +7% Best price entry (is near support/resistance?, daily Fibo, daily TL, still room according to ADR?) ​Buying according to daily trend up on fading hourly supports. {image} R:R 1:2 or more 1:2 Conviction: 7/10 Trade management rules: 20-30 pip SL Move to breakeven when over 50% to the TP 3. Result 4....
Moved to BE

Attached Image (click to enlarge)
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #193
  • Sep 7, 2016 3:30am Sep 7, 2016 3:30am
Quoting Ramadas
Betting on better than expected data from UK {image} {image} But also placed sell stop if worse much.
Mixed data. No trade.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #194
  • Sep 7, 2016 4:40am Sep 7, 2016 4:40am
Quoting Ramadas
{quote} Moved to BE {image}
Closed, although there was still possible 13 pips in ADR. 40 pips in the bank.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #195
  • Sep 7, 2016 6:58am Sep 7, 2016 6:58am
Pretty much midday update:

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #196
  • Sep 7, 2016 7:52am Sep 7, 2016 7:52am
Quoting Ramadas
Trade: USDJPY short Best opportunity (according to sentiment?, risk events, sentiment shift, immediate catalyst for move, which currency) ​Less chance of Fed hike Best price entry (is near support/resistance?, daily Fibo, daily TL, still room according to ADR?) ​Selling resistances {image} R:R 1:2 or more 1:2 Conviction: 6/10 Trade management rules: 20-30 pip SL Move to breakeven when over 50% to the TP 3. Result 4. Reason for the result 5. Lesson from the result
Tough luck - missed limit sell by 1 pip.

I would enter manually, but I already am long EUR and GBP.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #197
  • Sep 7, 2016 7:54am Sep 7, 2016 7:54am
Technical rationale only in tight range

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #198
  • Sep 7, 2016 9:10am Sep 7, 2016 9:10am
Interesting how technical chart confluence with real events. BOC dovish statement just at the point of trend line and hourly support. Spooky even.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #199
  • Sep 7, 2016 9:25am Sep 7, 2016 9:25am
Dollar index found a floor before usual hourly support? Dovish Bank of Canada could have helped.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #200
  • Sep 8, 2016 4:32am Sep 8, 2016 4:32am
I am sick, so no trading until I will be healthy. Mind is not performing in full potential.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
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