Forex trading live calls and set ups

[leovirgo]

Looking to short EURGBP on pullback to 0.9000 area, it is a swing short

 

[leovirgo]

Chart for above trade.. one entry, two exits, stop above 9008

 

[blancspa]

MACCI whats that? Is it an improved version of CCI?
What period is that white MA on the chart?

 

[leovirgo]

MACCI whats that? Is it an improved version of CCI?
What period is that white MA on the chart?

You're right. MA CCI is MA of CCI. I am using two different versions of MACCI- slow and fast. I've been using them for about three years and have developed my own way of interpreting them. There are times when I actually buy even if they are overbought and vice versa.

White line is not MA. It is what I called MDMean, a dynamic mean line and I am looking for 1 Day ATR move away from it.

 

[blancspa]

You're right. MA CCI is MA of CCI. I am using two different versions of MACCI- slow and fast. I've been using them for about three years and have developed my own way of interpreting them. There are times when I actually buy even if they are overbought and vice versa.

White line is not MA. It is what I called MDMean, a dynamic mean line and I am looking for 1 Day ATR move away from it.

looks like 60 SMA to me

 

[leovirgo]

EG is approaching target TP1. Set up shown here in post #62.

 

[leovirgo]

UJ short 90.16, stoploss 20pips.

 

[leovirgo]

UJ stopped out!

 

[leovirgo]

Dollar index broke out for a possible up trend at 11am(uk time, 6amET). An indication that UJ could bounce. UJ was also a MDMean buy but I didn't reverse into a long trade.

 

[leovirgo]

EG target1 hit +36pips, the rest aiming for 8930 or breakeven. Original entry on post #62.

 

[leovirgo]

We have a trend continuation on EG. Trailing stop moved to 8966.

 

[leovirgo]

It broke yesterday's low.. low for today, so far, is 8919. I placed limit order at 8910. Let's see.. if it hesitates I will exit around 20-25 area. Want to stay flat before news announcements.

 

[leovirgo]

25% covered at 8922.( for +74pips). Yesterday's 50% was 36p.

Only 25% left and still letting this winner run.. :cheesy:

 

[leovirgo]

Trailing stop hit. Flat before Fed. See you tomorrow!

 

[leovirgo]

Looking to go long GJ

 

[leovirgo]

Long 149.27, stoploss 100pips targeting the same.

 

[leovirgo]

GJ: scratched the trade near entry px. Got to go out for a while.

EG: Had a small short in about 5mins ago, will update when I'm back.

 

[leovirgo]

Here I am back..

EG went down a bit but it took my 10pips stop before the spiky descent which could trigger profit order. IF only could I re-enter ..:innocent:

One more news anno tomorrow and markets should be 'technical' from next week onwards and I will trade full size.

 

[leovirgo]

Results for this week

As I want to be flat until afew hours after NFP, I am couting my pips for this week.

Nov 2: USDJPY , +25/+10 (50% each profits)
Nov 3: EURGBP , +36/+74/+30 (50%,25%,25% swing trade)
Nov 4: USDJPY , -20/-20(it means 100% stopped out at 20pips)
Nov 5: GBPJPY, -2/-2(scratched trade)
Nov 5: EURGBP, -10(50% trade)

Total

UJ = -5pips ( 100% pips = -2.5)
EG = +130pips ( 100% +44pips, )
GJ = -4pips (100% = -2pips)

Pips couting is misleading. I could say I made +131pips this week. But there's more to understand about pips.

* is there any partial profits/loss? if so, adjust it to 100%
* is it based on absolute/fixed size or based on position sizing?
* what is the maximum negative equity value from trades to trades?

Do not judge a trader by the pips..

 

[leovirgo]

UJ break out sell zone

Sell order for 90.15 area, stop 90.30.