Time for EUR/GBP to drop!
- #2,782
- Sep 20, 2016 8:39am Sep 20, 2016 8:39am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #2,785
- Sep 20, 2016 8:56am Sep 20, 2016 8:56am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #2,787
- Sep 20, 2016 9:00am Sep 20, 2016 9:00am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #2,788
- Sep 20, 2016 9:04am Sep 20, 2016 9:04am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #2,789
- Sep 20, 2016 9:10am Sep 20, 2016 9:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Short AC (very small position) from between R78 and R100. Currently trying to get to parity. {image}
This is what I like to see guys. People who use this system and think and make decisions.Good going buddy
Should RBZ cut unexpected rate this Thurs this and all NZD pairs will be in free fall
In trading, you have to be defensive and aggressive at the same time
- #2,792
- Sep 20, 2016 9:14am Sep 20, 2016 9:14am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{image} Not sure anyone caught this one. Wow just shot up without any indication what so ever. That's Forex though.
!
Appreciation is the key to wealth and happiness
{quote} Hi Pipsniper - Yes NC looks a good set-up - but be patient on the entry. TDI hasn't crossed yet and if you look at a 4hr chart, there is a very clear upward channel - of which price is now right at the peak of. Wait for price action to confirm entry. Right now it's sitting on R78 - so it could try and push to R100 or take a turn towards R61. Ideally on the 4hr chart, you're looking for price to make a lower high - or, form an inside bar of the last 4 hr candle, (which on my chart was pretty bullish). In fact the last three 4hr candles have...
NZD Playing out nicely mch1970
- #2,794
- Sep 20, 2016 9:16am Sep 20, 2016 9:16am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{image} Not sure anyone caught this one. Wow just shot up without any indication what so ever. That's Forex though.
Pivots specially 61-100 provide the road map where that might occur.
Hundreds of examples but just look at NC 100R to T
This is the closest you gonna get to holly grail
but you need other criteria to succeed-patience,discipline,skills to read PA and understanding what probability is which I covered many times here.
In trading, you have to be defensive and aggressive at the same time
- #2,796
- Sep 20, 2016 9:24am Sep 20, 2016 9:24am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} It was NZ GDT price index (strong impact) news out causing it...big indication for traders who trade NZD pairs without looking at fundie
Hey guys you are looking at one of the best traders here at FF
specially 30min chartthanks for heads up
green pips
In trading, you have to be defensive and aggressive at the same time
{quote} That's market makers squeezing weak longs on NZD then dumping.Squeeze is part of taking your money...and that's why most trends swings ends with spikes. Pivots specially 61-100 provide the road map where that might occur. Hundreds of examples but just look at NC 100R to T This is the closest you gonna get to holly grail
agreed
take notes newbies 
and stop pissing davit off 
Just an update from last week. Certainly tested the patience and showed the importance of exercising the rules around the 61-100 zone.
Closed EC shorts for +1500 pips across 20 positions. In this case, I reduced trade size on each entry to allow room for further positions between R78 and R100.
Closed EA shorts for +1000 pips across 17 positions.
Again not a perfect trade by any means. Slightly late entry on the first batch of trades, which ended up between R38 and R61. There was a nice run down of 100 pips on these trades and should have exited with a view to reloading shorts at a higher level.
However a reversal then followed and subsequently added positions at R61 and R78. Exited this first batch for 400 pips on Friday afternoon. The final batch simply followed price action down towards the weekly pivot which added a further 600 pips, so a very nice result in the end.
Closed UC shorts for +800 pips across 12 positions.
Again UC became very stretched at the tail end of last week and all entries in this batch were between R100 and R138. UC clearly holding out for the unlikely possibility of a rate rise being announced this week, so exited these trades on Monday.
Closed EC shorts for +1500 pips across 20 positions. In this case, I reduced trade size on each entry to allow room for further positions between R78 and R100.
Closed EA shorts for +1000 pips across 17 positions.
Again not a perfect trade by any means. Slightly late entry on the first batch of trades, which ended up between R38 and R61. There was a nice run down of 100 pips on these trades and should have exited with a view to reloading shorts at a higher level.
However a reversal then followed and subsequently added positions at R61 and R78. Exited this first batch for 400 pips on Friday afternoon. The final batch simply followed price action down towards the weekly pivot which added a further 600 pips, so a very nice result in the end.
Closed UC shorts for +800 pips across 12 positions.
Again UC became very stretched at the tail end of last week and all entries in this batch were between R100 and R138. UC clearly holding out for the unlikely possibility of a rate rise being announced this week, so exited these trades on Monday.
- #2,799
- Sep 20, 2016 9:29am Sep 20, 2016 9:29am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Just an update from last week. Certainly tested the patience and showed the importance of exercising the rules around the 61-100 zone. Closed EC shorts for +1500 pips across 20 positions. In this case, I reduced trade size on each entry to allow room for further positions between R78 and R100. {image} Closed EA shorts for +1000 pips across 17 positions. {image} Again not a perfect trade by any means. Slightly late entry on the first batch of trades, which ended up between R38 and R61. There was a nice run down of 100 pips on these trades and should...
You need some beer to celebrate
In trading, you have to be defensive and aggressive at the same time
- #2,800
- Sep 20, 2016 9:31am Sep 20, 2016 9:31am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} agreed
Need to enforce or this thread will become "anything goes shit" that so prevalent here
In trading, you have to be defensive and aggressive at the same time