Rsi Breakout
Uczestnik z Aug 06, 2009
386 postów
Mar 15, 2010 at 15:04
closed the gbusd for 20 pips profit.
the usd is gaining on all other pairs, so it doesn't look like a good direction to trade with.
the usd is gaining on all other pairs, so it doesn't look like a good direction to trade with.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 16, 2010 at 18:58
although exited, the price movement was nearly perfect 😞
too bad i exited the trade early..
too bad i exited the trade early..
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 17, 2010 at 12:30
i'm really surprised how the usdjpy is still holding it's levels, trading in a tight range while all of the other usd pairs are all over the place.
i think once it breaks, the move will be very strong. i'm still short usdjpy, so think it should break downwards.
i think once it breaks, the move will be very strong. i'm still short usdjpy, so think it should break downwards.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 17, 2010 at 12:42
on another note, take a look at how price moves between support and resistance:
pure price action, no indicators.
pure price action, no indicators.
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 18, 2010 at 09:12
the gbpusd is still following the support/resistance level beautifully - is anyone seeing this?
on another note, the usdjpy finally showing melt-down signs; i'm expecting it to have a sharp and quick drop once it breaks completely.
on another note, the usdjpy finally showing melt-down signs; i'm expecting it to have a sharp and quick drop once it breaks completely.
Sleep is for the weak.
Mar 18, 2010 at 12:50
yes, I'm looking gbp/usd . I get 4 trades in a row without stoploss. Since I read this post, I'm starting to study and analyisng the channels , because before it I was using only fib's levels and pivot points, and with the channels included in my analisys , it's perfect when all this factors match one with others, the turning points are very previsible.
biz0101 , Have you a instant messenger? msn? I would like to talk with you and this strategie, change some ideas =)
good day for all forex traders present here.
biz0101 , Have you a instant messenger? msn? I would like to talk with you and this strategie, change some ideas =)
good day for all forex traders present here.
Uczestnik z Aug 06, 2009
386 postów
Mar 19, 2010 at 12:36
pepsifx posted:
yes, I'm looking gbp/usd . I get 4 trades in a row without stoploss. Since I read this post, I'm starting to study and analyisng the channels , because before it I was using only fib's levels and pivot points, and with the channels included in my analisys , it's perfect when all this factors match one with others, the turning points are very previsible.
biz0101 , Have you a instant messenger? msn? I would like to talk with you and this strategie, change some ideas =)
good day for all forex traders present here.
don't have much time for instant messaging, but please feel free to post your questions here, i'm sure others will benefit also.
i've tried to use fibs in the past, but didn't find it useful.
i'm trying a long eurusd - a bit risky due to the recent strong move, but there's a good potential for a 300 pip move upward, with a risk of just about 150 pips, so it's a 1:2 risk to reward ratio.
take a look:
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 22, 2010 at 09:58
closed all positions for roughly 50 pips loss.
the usd is gaining grounds on all pairs, so i've decided to close all positions which were usd short, and wait for a new entry.
the usd is gaining grounds on all pairs, so i've decided to close all positions which were usd short, and wait for a new entry.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 22, 2010 at 17:27
moving on..
trying a short on eurusd:
the first channel has failed, and a secondary channel formed. the price has retraced to the previous support of the first channel which now acts as resistance (upper yellow point), so i expect it to go down (lower yellow point). if the price gets to the second yellow point, i think the support is just to weak to hold it and the price should continue even lower.
i'm ready to get my pips back and some more! 😄
trying a short on eurusd:
the first channel has failed, and a secondary channel formed. the price has retraced to the previous support of the first channel which now acts as resistance (upper yellow point), so i expect it to go down (lower yellow point). if the price gets to the second yellow point, i think the support is just to weak to hold it and the price should continue even lower.
i'm ready to get my pips back and some more! 😄
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 23, 2010 at 10:19
eur has taken a quick turn and for now it's looking it's heading south. we'll see.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 24, 2010 at 16:10
i do not usually post exit setups, only entry setups, so here's what i'm looking at currently:
sold at the red dot, i'm now looking for the price to hit the support of the channel for an exit.
sold at the red dot, i'm now looking for the price to hit the support of the channel for an exit.
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 25, 2010 at 08:00
bizWiz posted:
moving on..
trying a short on eurusd:
the first channel has failed, and a secondary channel formed. the price has retraced to the previous support of the first channel which now acts as resistance (upper yellow point), so i expect it to go down (lower yellow point). if the price gets to the second yellow point, i think the support is just to weak to hold it and the price should continue even lower.
i'm ready to get my pips back and some more! 😄
got it back and then some 😄. channel has completed, i've closed the position for +230 pips.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 25, 2010 at 13:25
missed a good setup:
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 25, 2010 at 19:26
bizWiz posted:
missed a good setup:
although price has retraced almost back to the entry level, i'm not going to enter the short position until i see some usd weakness on the other majors.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 26, 2010 at 15:28
usd is showing some weakness, trying a short on the usdjpy:
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 29, 2010 at 13:51
usd is continuing to show weakness signs, however the usdjpy is reluctant to go any lower - will close it if the price reaches new highs.
the previous usdcad setup is valid since we've seen that usd has weakened, but i've missed the second entry point so haven't taken the trade. i think that next time i'll just enter the trade and will exit if it's not confirmed, since it's better to exit with a small loss than never take the trade and miss the opportunity.
the previous usdcad setup is valid since we've seen that usd has weakened, but i've missed the second entry point so haven't taken the trade. i think that next time i'll just enter the trade and will exit if it's not confirmed, since it's better to exit with a small loss than never take the trade and miss the opportunity.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 30, 2010 at 17:34
(edytowane Mar 30, 2010 at 17:35)
excellent long opportunity in eurusd:
i'm not waiting for the price to hit the support exactly since there was a gap in the weekend, so taking it into account, i've already entered the position. also, it's potentially a 200 pips trade, so i don't want to miss the entry because of 20 pips.
i'm not waiting for the price to hit the support exactly since there was a gap in the weekend, so taking it into account, i've already entered the position. also, it's potentially a 200 pips trade, so i don't want to miss the entry because of 20 pips.
Załączniki:
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 31, 2010 at 09:04
although usdjpy is hitting new highs, the usd is losing grounds on all pairs, so i'm expecting it to start dropping soon.
the usdcad by the way would have been an excellent trade, that's if i would have taken it 😄.
the usdcad by the way would have been an excellent trade, that's if i would have taken it 😄.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Mar 31, 2010 at 15:15
closed both positions, for a small profit. not sure why the usdjpy is climbing up, so will wait for a new entry.
Sleep is for the weak.
Uczestnik z Aug 06, 2009
386 postów
Apr 04, 2010 at 22:38
ok, here's an opportunity for a long in the eurusd (just opened):
Załączniki:
Sleep is for the weak.
