Best Thread Live Trading and General Chat Lounge

[Purple Brain]

PB, this is the set up I use most often. Find some
momentum and buy small pull back. It either continues
or I get stopped.
If reluctant to take the trade why not take a possy half or .25
of normal. Just to have something in it. The worst
part of trading for me is watching a move I wanted to be in. Would just take smaller possy.

That would work really well for me while I'm working through the issues I have with these setups. Thanks.

 

[FX punt]

Stop moved to .9077, after making new high. Won't post every time
I raise sl though as do so in small increments

 

[FX punt]

Stopped out .93755 all sq

 

[FX punt]

Sold 3 units Eur usd 1.3152 average sl at 1.3190

 

[FX punt]

If stopped no more until tomorrow

 

[Purple Brain]

long eur/nzd at 6684. Stop 6631.

 

[Purple Brain]

Target 6733.

 

[Purple Brain]

gbp/jpy long at 156.06. Stop 155.71.

 

[Purple Brain]

Target 156.60.

 

[Purple Brain]

eur/nzd stopped out. I took this long trade counter to the trend after a strong move down on the basis that, clever lad that I am [not], it would regress back up to the mean before continuing down. I wish I had written this, especially the bit I've underlined, before taking that trade.

What the hell am I doing taking a long on a strong move down on a pair that has a strong underlying down trend? On full size.

 

[deebee1]

gu sold 15614 sl -30

hit sl -30,

made a few other trades today but didnt have time to post....

thought id update the one i did post for clarity

 

[Purple Brain]

gbp/jpy long trade. Stop remains at 155.71 even though I could bring it up just below today's open at 155.82, but it looks like it would snap that up right away. I've placed a limit buy at 156.60 and I'm turning everything off.

 

[FX punt]

Eur usd sl 1.3183 now pt 1.3101, 1.3091 1.3081

 

[Purple Brain]

gbp/jpy long trade. Stop moved up to 156.11 just under a bunch of s/r levels. +5 locked in.

Trying to salvage something from the shambles of the day.

 

[Purple Brain]

Post 14098 I meant a limit Sell of course to take profit and close position. Still in place.

 

[Purple Brain]

gbp/jpy long stopped out for +5 for a risk of 35. MAE 23. MFE 16. Have cancelled yacht.

 

[FX punt]

Just bot Eur usd 1.3125 to sq. just bot 2 units
Nzd usd at .8910 with v tight stop at .8900.
Just woken up and didn't like usd weaker agst
nzd and jpy. Will prob regret trades but will be square
before non farm tdy anyway.

 

[Purple Brain]

FX Punt - I presume working from an institutional trading desk the NFP won't present you with the same degree of bid/offer shenanigans that retail brokers unload onto their clients. But are you always flat going into NFP?

I appreciate that is almost always a high degree of volatility around the data and apart from making sure my stop is already well out of the way of OANDA's 20-30 pip free lunch, I've taken a view that it'll go my was as often as against me and therefore no point coming out.

Having just read that, even if true, 50/50 doesn't actually stack up too well given efforts made to maintain at least a small edge. Have I answered my own question?

 

[Purple Brain]

cad/chf Long at 9008. Stop 8980.

 

[Purple Brain]

eur/aud short at 4369. Stop 4405.