Forex trading live calls and set ups

[leovirgo]

EU sshort 14135 sl 30 tp60

 

[leovirgo]

Eu stop now 22 tp 55,

currently short EU short UJ.. one can get stopped out .. well lets see

 

[leovirgo]

covered both UJ and EU .. UJ+19 EU + 27

the reason? grabbing both in profits..

It became a hedge for holding shorts on both EU and UJ, i.e, I was bothe long and short on USD. One could be stopped out while the other one is in positive. somehow, both moved to my favor, so I got out while total return from two small profits was equal or greater than a single target.

it made my day anyhow :cheesy:

 

[leovirgo]

If I were holding a directional trade, say long GU and short EG (long GBP), I wouldn't use the above 2small profits >= a single target exit method. Both have to be left to run as both can get stopped out. For a directional trade, it is either both win or lose.

I take every set up and as a result ended up taking opposite trades on USD (short EU and short UJ), that was why I had to accept "one survivor" outcome. It was kind of a hedged portfolio, both couldn't go wrong, at least in theory.

Below is the correlation chart for major pairs, it was a few days dated but still useful.

 

[Lord Flasheart]

nice trading leo keep it up

 

[leovirgo]

I will be here the whole week from Monday morning. see you all

 

[Lord Flasheart]

oh well im here,first trade of week
long jpyusd 90.26 stop 90.10 trend break over last few days

 

[Lord Flasheart]

need this jpy to kick on now, doesnt seem to want to

 

[Lord Flasheart]

oops dtopprd out,not the best start to the week

 

[leovirgo]

there we go.. I want to short UJ....... :cheesy:

 

[Lord Flasheart]

im short eurusd 1.4153 off trendline pullback

 

[leovirgo]

For EU I wanna see a break of 5147 before shorting

 

[Lord Flasheart]

wish id waited now, stopped out. Revenge will be mine

 

[leovirgo]

short UJ 90.29 sl22 tp 45

 

[Lord Flasheart]

why short?

 

[leovirgo]

why short?

because it is in my red zone. euro pairs are in blue zone, so I am cautious.

 

[leovirgo]

in other words, it is still below last three day's vwap (mean) range

 

[Lord Flasheart]

ok thanks

 

[leovirgo]

now looking to short GJ near 145.70

 

[minch]

Nice thread Leo, you have got my attention...nothing better than live calls and set ups, to keep us honest.

Your U/J short could be a good play to the bottom of the channel....top of channel at 90.32 in line with pivot/low on the 19th.

I'm looking to enter short if it breaks last 5 min swing low at 90.19