Forex trading live calls and set ups

[leovirgo]

feeling stressed?

http://www.wired.com/magazine/2010/01/st_essay/

 

[minch]

Out Eur/Usd.....1.4061.... + 20

 

[Lord Flasheart]

nice trade

 

[leovirgo]

Out Eur/Usd.....1.4061.... + 20

 

[leovirgo]

uj stopped out -12

 

[leovirgo]

Cable is poised to break out. If it broke above 1.6200 I will be a buyer tomorrow. EG is weakening. Equities are also finding bottom and they might bounce from here.

 

[leovirgo]

uj stopped out -12

it just touched my stop.. now breaking below 89.50.

 

[leovirgo]

fx outlook for Jan 27

The following is taken from my prep notes. I do this at 9pm before every working day.

I've never seen anything like this before. All 5 pairs that I follow are in SELL mode.


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
GBPUSD Below MDM,

SilvX Down

***SELL***



Sell channel SL3

yMean flattened.

Day Down/Down


240 Down/Down


Look to sell on Weak Day with 15OB@60MA



USDJPY Below MDM

SilvX Down

***SELL***
Sell channel SL1-SL2.
Day Down/Down

240IFS bearish
Sell below yMean


SilvX15 Sell on Weak day


GBPJPY Below MDM

SilvX Down

***SELL***

Sell channel SL1-SL2
Day Down/Down

240 IFS bearish
SilvX15 Sell on Weak day

150OB@60MA Sell



EURGBP Below MDM,

SilvX Down

***SELL***

Sell channel formed
Day MACCI is OS

240IFS bearish.
No selling on Strong Day

Look to sell on Weak Day


EURUSD Below MDM

SilvX Down

***Sell***
Sell channel formed Day OS

240IFS bearish.

Sell 15OB@60MA on Weak Day

 

[leovirgo]

Morning all

Now that cable is up ( from today's low) and EG is breaking down below yMean.. we can see GBP is recovering. UJ and EU also broke down overnight. things should be clearer soon

 

[leovirgo]

short cable 161435 sl 30 tp 50

 

[be-positive]

goodmorning leovirgo ---- just joined this thread so looking forward to watching a pro/trader in action

 

[leovirgo]

goodmorning leovirgo ---- just joined this thread so looking forward to watching a pro/trader in action

welcome be-positive, feel free to throw in your thoughts.

 

[leovirgo]

cable - in terms of cycles 240 & 15 mins are down while 60 is up. I will hold on to it until 240 or 15 is oversold or meet my target. recommended target is 70 pips ( 2.2 x risk 33pips)

 

[leovirgo]

UJ- it has reached Monthly range low of 89.20 ( see this previous post ). I did sell UJ yesterday however it was stopped out by 'chance'.

The role of chance can't be neglected in trading.. (words from NNT's Black Swan).

 

[leovirgo]

look at that cable.. i am tightening stop to about 10-15pips .. mental stop

 

[Lord Flasheart]

leo are you still in that trade.i hope so. If that had been me I would have moved the stop to b/e after a while do you ever do that. Your trade is a clear example of why that can work against you

 

[Lord Flasheart]

lol you just answered the question in your last post. This euro could have a big retrace upwards.

 

[leovirgo]

stopped out -22. [ julian.., wish I had moved stop to b/e, but I won't do that .. lol ]

 

[leovirgo]

leo are you still in that trade.i hope so. If that had been me I would have moved the stop to b/e after a while do you ever do that. Your trade is a clear example of why that can work against you

I do that from time to time depending on the price action. This one actually qualified for that.. I was off guarded.. hence got to to mental math as to how much I would allow it to breath.

btw, short UJ 89.41 sl20 tp 40

 

[leovirgo]

I think it was the 4th consecutive stopped out for the week! I've read somewhere that it is still possible to have 10 losing streaks in a row even with a good winning system/method. It is very important to keep doing what I do as in winning trades.