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P2: A batch of FX market trades

Discussion in 'Forex and Cryptocurrencies' started by peter2, Sep 3, 2018.

  1. Kryzz

    Kryzz shaun

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    Watching the EURUSD and XAGUSD (silver) currently - euro short triggered, entry based off the chart rolling over on the 1hr chart. Pending BO on silver. Manufacturing data out at 12:30 tonight.

    XAU.GIFeurusd short.GIF
     
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  2. peter2

    peter2

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    That silver chart with the ascending triangle does look tempting. I'm in.
     
  3. Triple B

    Triple B

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    Me too . Just entered the BO
     
  4. peter2

    peter2

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    Silver bounces around a lot more than gold so don't raise your exit stops too early. Raise them when you've got above average profits to protect. Price can spike up with gold so it's OK to use a target that would provide an above average result if it gets hit.
     
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  5. Triple B

    Triple B

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    Thanks for that Peter . First trade ever on silver . Have never watched it before so handy info. Was looking too good to pass up and took the trade as I had no Risk out and was looking strong .
    Ive been trading the longer TFs (dailys using hourly entries) for the past couple weeks and am getting much less stop outs than I was with the 15min trading. More consistent results with much less screen time!
     
  6. Kryzz

    Kryzz shaun

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    Stopped out of the euro trade pretty quick smart, still in an ugly choppy range on the daily. Out for -24pips.

    Silver long still going ok currently, sitting at +1.2r.

    Went short on the AUS200 from the open this morning:

    aus200.GIF
     
  7. aus_trader

    aus_trader

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    Looking to go long on Gold & Silver charts. Couldn't get in on the break out so awaiting pull back...
     
  8. peter2

    peter2

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    Silver: I've grabbed the quick +2R profit. Thank you @Kryzz for posting your silver chart.

    0401a.PNG
     
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  9. Kryzz

    Kryzz shaun

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    Fewer trades for me now that I'm back at work, a couple of my recent ones though.

    Short on USDCAD, wasn't a favoured setup after such an extensive run down (as Pete mentioned, the first couple are the best opportunities - I did manage do get one of them early on after the big push down). Stopped out for a small loss.
    USDCAD short.GIF

    Currently short on the EURJPY, looking for a continuation of the downtrend in play:
    EURJPY short.GIF
     
  10. peter2

    peter2

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    I've just breezed through this thread again looking for any record of my old currency strength indicator (as I lost it in the C: crash). Unfortunately I didn't record the indicator name. Looking through the MT4 indicator lists I notice that they've been reformatted to facilitate monetisation. I haven't found it yet.

    The trading activity was pretty intense here for a short while. It's interesting how circumstances change. I'm unable to trade the UK sessions like I used to but the end of DST allows me to day-trade the US markets much easier. I've been focusing my attention/efforts on this activity.

    I still look at the 4H currency charts and lament that I'm not in all those great swings. Of course, we only see the untaken winning opportunities, never the losing ones. [Nice little swing down on oil today.]
    I should restart it, as a little extra pocket money is always handy.
     
  11. peter2

    peter2

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    Comment: For threads like this to continue there needs to be continuous contributions from several people. One person runs out of energy or motivation doing it alone, even if there's many people reading and enjoying it (lots of likes).

    This thread was my attempt to establish a small group of active FX, index, commodity traders. There was occasional interest, some discussion but only one trader. I realise that ASF is primarily a stock forum, but there's enough interest in these markets to establish a little support group.

    I'm also guilty of not contributing in various threads. I trade gold occasionally and I've rarely posted any of my gold/silver setups in the Gold Daytraders thread that @Joules MM1 enthusiastically continues. Joules' posts reminds me that there still is a silver market. I tend to not look at it.

    Whoa. US GDP number just spooked the gold market. Hope Joules wasn't "washed and rinsed" (cleaned out).

    People think their contributions are of little value, when they're not. They keep the energy up. For example, I've looked at the 4H gold chart and I see that gold is turning up. It's coming off the bottom and I see there's a lot of room for it to move (possibly another $30/oz). If I post this in the gold thread then others will look at their charts and hopefully post their thoughts. If Joules' abcde pattern is complete then there might be $60/oz movement.

    If gold starts going up, then we should be looking for the gold stocks to turn around. One little post can get us going.
     
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  12. Joules MM1

    Joules MM1 ....everything has an art

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    ah, the title of the thread got me...not an fx fiddler :chicken:

    xauusd looking smooth trendy so far post gdp hit
    gold risk played post gdp news 260419.png

    and then.....so far...

    gold risk played post gdp news 260419 ii.png
     
  13. Joules MM1

    Joules MM1 ....everything has an art

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    now looking for construction

    gold risk played post gdp news 260419 iii.png
     
  14. Joules MM1

    Joules MM1 ....everything has an art

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    the inverted ratio is my
    "i got no better place to close out and bank some coin so why not use this random inverted ratio "

    price has choked at the ratio but it's very constructive so far....more of the same is the hint

    gold risk played post gdp news 260419 iv.png
     
  15. Joules MM1

    Joules MM1 ....everything has an art

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    looking bully.....applying technical ideas to the auction

    gold risk played post gdp news 260419 v.png
     
  16. Joules MM1

    Joules MM1 ....everything has an art

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    i closed those two higher BTO's at the 161.8 inverted ratio, price clearly stalled .....but not rotation....hint of more of the same

    on a break i can take new BTO's ....waiting.......waiting.....waiting..the risk still the nearest ratio at 1:1 (yellow line) ...liquidity appears to have dried up...players are done, no aggressive sells/bids

    gold risk played post gdp news 260419 v.png

    mins later....the inv ratio holds, beings to rotate, yellow line needs to be respected to keep BTO's

    gold risk played post gdp news 260419 vi.png
     
  17. Joules MM1

    Joules MM1 ....everything has an art

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    in the original set, the BTO's are based on an already esteblished series of ratio trades that suggested a swing low was established and a new upside target needed

    a news spit allowed weak longs to be flushed and shorters invited into the excitement, the real gig is upside, so the pattern needs to signal intent to drive price out of congestion into trend construction that'll attract more bid side liquidity

    game on

    as price climbs there is only one clear level (to me) that says this is the failure of that idea and all the construction behind that idea

    now we have a clear set of levels to go by

    the art part is where i accept a widening risk with each BTO because now we have demarcation further away while the lowest level remains key to the larger swing picture......we're building construct on the run....

    the inverted 161.8% is doing a good job of holding price
    persistant eating of offers suggested price assistance......not a decent "open drive" trend ..but enough

    gold risk played post gdp news 260419 vii.png
     
  18. Joules MM1

    Joules MM1 ....everything has an art

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  19. peter2

    peter2

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    Thanks Joules, I sensed that you were looking for a reason to go long and the GDP blip gave you that chance. Should have known you were all over it (like a rash). I was trading the oil fall via a day trade short on MRO.
    mro2604.PNG

    We're off the FX topic, but it shows the variety of trading opportunities that are at our disposal when we're prepared.
     
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  20. Kryzz

    Kryzz shaun

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    I know I've definitely been lazy posting anything whatsoever! Will make more of an effort.

    Methods from this thread have lead to some of my largest wins to date with some oil trades, entered into early March and stopped out last night...very ugly reversal bar on the weekly. I'll be looking to short any pullbacks if weakness continues.

    On the currency front, I'm watching the EURJPY for it to continue to rollover but weary it's extended currently.

    EURJPY short.GIF
    XTIUSD longs.GIF
     

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