Forex trading live calls and set ups

[Lord Flasheart]

walking dog set to take 1/2off at +20

 

[Lord Flasheart]

re short eur/gbp at .8738 sl 15

last trade 2nd 1/2 closed at b/e,try again,line still good

1/2 off at +20,rest to b/e, see if i can get a eun this time

 

[Lord Flasheart]

where is everyone, bp are you still drunk

 

[Lord Flasheart]

still short eur/gbp

 

[Lord Flasheart]

short eur/usd at 1.4115 sl 10

worth a punt for 10 pips

 

[trendie]

saw this youtube and thought of this thread.
I dont recommend risking 65 to make 35, but the principle that if EU price exceeds 65 from below, momentum will take it to the round number is intriguing.
(similarly, if it hits 35 from above, momentum takes it to next round number)

http://www.youtube.com/watch?v=6bgZ369fUfI&feature=feedu

 

[forker]

I find it difficult to see how such a strategy could would over the long run

 

[wackypete2]

I find it difficult to see how such a strategy could would over the long run

Markets constantly change which is why canned EA's won't work over time. This set-up probably works at this point in time so abuse it until it stops working. There's a lot of trader physcology that makes these types of set-ups work. It's from Boris Schlossberg & Kathy Lien, two respected names in the industry so there's probably some merit to it.

Peter

 

[forker]

I can't see any merit in it because ranges can eat trades up with this type of strategy. I could perhaps see such a strategy work in a pure Market but it's longevity wouldn't last as counter strategies such as the turtle soup would arise to negate it's success

 

[wackypete2]

I can't see any merit in it because ranges can eat trades up with this type of strategy. I could perhaps see such a strategy work in a pure Market but it's longevity wouldn't last as counter strategies such as the turtle soup would arise to negate it's success

I agree over the long term. There's always traders looking to fade these strategies which is why they eventually get negated. Personally, I wouldn't use it because I like much smaller stops. Still, it's interesting to me and if it works for now then why not use it if you don't mind the large stops. When it stops working then use another strategy.

Peter

 

[Lord Flasheart]

short eur/usd at 1.4115 sl 10

worth a punt for 10 pips

C$%^T -10 a classic f^&* flash by 1 pip job

still short eur/gbp

 

[wackypete2]

short usdjpy .8207 stop .8223

Peter

 

[wackypete2]

Getting late and I'm tired...

exit 1/2 @ 82.00 +7
stop to 82.14 for 2nd half, target 81.90

off to bed.

 

[Lord Flasheart]

re short eur/gbp at .8738 sl 15

last trade 2nd 1/2 closed at b/e,try again,line still good

2nd half of at +49

really pissed of my eur/usd was taken out by a pip and then 100 pip move in my direction,the following two charts will show why

 

[Lord Flasheart]

eur/gbp

 

[Lord Flasheart]

long eur/usd at 1.4025 sl 15

struggling to find a decent trade today

 

[Lord Flasheart]

long eur/usd at 1.4025 sl 15

struggling to find a decent trade today

1/2 off at + 12 rest to b/e

 

[Lord Flasheart]

eur may spike up now

 

[Lord Flasheart]

eur may spike up now

 

[Lord Flasheart]

long eur/usd at 1.4025 sl 15

struggling to find a decent trade today

well it wasnt that much of a struggle

2nd 1/2 off at + 35 market stopped