Archive for September, 2008

Hello all
My trade in usd/jpy was stop with +188 pips and in the morning i take a long trade at energy point blue and red median line and divergence on stochastic oscilator and now great pips +163 with my stop loss at +139 pips
My trailing stop is 55 pips….let see how this will go because we have another energy point.
Latter i will make update on yesterday trading.
Regards
Catalin

Aud Nzd 4h time frame running with 151 pips and stop loss is at + 115 pips….
We have a nice energy point at blue and red median line + divergence on daily time frame on stochastic indicator
Lets see how this will go but from my view now i think will go north.
Now im still short with trailing stop 85 pips .

USD JPY +215 pips and stop loss at +142 pips
Let se how this one will go….will stop at energy point at blue and red median line or will go lower:)?

GBP USD 1h time frame trailing stop 55 pips

Nzd/Usd 4h time frame some nice pips 135 and still running….stop at +84 pips.

This is what i get on Usd Cad 4H time frame and already 52 pips and stop at +8 pips.

Trade of the day (or even the week perhaps).

Simple ML set-up – the chart is self explanatory.

Went for dinner with +2 profit.

………….came back to find many pips…………

Its a special day……obviously

GTA – arco

First trade of the new week.

3 full size long trades based on the Bullish Engulfing pattern over the Blue/Red forks – 30 m chart.
We are going against the trend so lets keep a close eye on this one.

rgds – arco
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FOLLOW UP 1.

2 of the 3 positions closed overnight at +50 pips each. These are full size positions so that = 100 pips, and there is still one running currently +54. (SL now +14), and will be monitoring carefully as we are still technically in a down move until we get higher highs, higher lows appearing.

I had a question about defining the trend so you will see I’ve added the lower highs/lower lows (LH/LL) to the chart. I define the trend using that method. (Longer term trends can also be defined by a unbroken trend line).

rgds – arco
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FOLLOW UP 2

The action was hovering around the lower Red fork line and not looking that strong and I closed my position @ +42 so I could head for the gym and relax.

We could get a possibility of a short trade, so lets see how it pans out before jumping on board.

arco

The only trade for today.

Here we have only 2 forks – ones a gap set, the other a Schiff. My motto – Keep pitchforks simple.

Ideal entry would have been on the PP candle off the red (circled), but I was in bed asleep. Once I checked the charts this morning I entered my order, and went off to the gym for a workout…….this trade is still running and currently +124………

I wonder now if we can close Monday mornings gap.

rgds - arco

UPDATE

OK guys…its Friday late afternoon here and I’m ready for a beer, and the action has just hit my TP for a very satisfactory 167 pips

2nd UPDATE

Well interestingly that GAP did get filled (see my earlier mention and chart), and the result was an extra 90 pips of so for those who held on.

Reversal off the green dotted R/S and red 50% – chart is fairly explanatory.

Update

OK out with +56