Karmits trading ideas - upcoming setups

[karmit]

This is a part fun, part serious journal which I plan to occasionally update with setups I see happening, mostly in the FX area.

My system trades only on Daily price so will only be looking at and posting such setups.

Here's my starting entry.

DISCLAIMER: Of course, you are liable for any of your profits/losses which you may incur following these trading ideas.

#1. [20-Jan-2015] : Expecting a huge down move on NZDUSD - if it breaks 7650, else wait and watch break of 7900 for upside.

 

[karmit]

waiting.... still looking like a more probable down move on this one... lets see.

 

[karmit]

Trade #1 Worked. In, with a free trade on, and stop in the 7790 area.

 

[karmit]

#2. [21-Jan-2015] : Watching AUDUSD.. selling below 8075.

 

[karmit]

#2. [22-Jan-2015] : In this trade now. Stop ~8240 area.

 

[karmit]

Trade #2 Worked. In, with a free trade on, and stop ~8240 area.

 

[karmit]

Update...

#1 NZDUSD, stop moved to ~7500 area
#2 AUDUSD, stop moved to ~8040 area

 

[karmit]

#3 Waiting to sell GBPJPY in case it goes below ~176 area...

 

[karmit]

#4 Waiting to sell GBPUSD in case it goes below ~1.500

 

[karmit]

#3 & #4 : I'm in both the trades now.

#1 & #2 : still running.

 

[tomorton]

Well done karmit. As a guide to your thinking, how long would you hope to run the AUD/USD short?

 

[karmit]

Hi tomorton... typically I let these run till they hit my stop (which I review every night).

 

[tomorton]

Well that's a totally viable way of banking profits, your stops appear to respect recent swing highs, so are TA-based. But you'd be giving up a lot of gain there, especially as your stop is wider now than intially.

That said, all credit to you for running this, I see price this am is tanking.

 

[karmit]

#4 GBPUSD, Stopped, -95 pips.

Total = -95 pips.

 

[karmit]

#3 GBPJPY, Stopped, -155 pips.

Total = -250 pips.

 

[karmit]

#5 CHFJPY, looking to Buy above 12775 area.

 

[karmit]

#1 NZDUSD, stop moved to ~7450 area
#2 AUDUSD, stop moved to ~7870 area

 

[karmit]

#1 NZDUSD, Stop ~7450, Running
#2 AUDUSD, Stopped (today), +205 pips
#5 CHFJPY, Stop ~12570, Triggered (today)

Pips Tally = -45

 

[karmit]

#6 GBPJPY, Buy, Stop ~17750, Triggered
#7 GBPUSD, Buy, Stop ~15150, Triggered

 

[karmit]

#7 AUDNZD, Sell, Stop~10650, Triggered