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- EntropyLad replied Feb 10, 2010
hahaha. CUSTOS, Just admiring the touch trade you took in GBP/AUD at short 1.8050 on feb 8, now at 1.7790. A trendline collapse trade it is too. Fine work, custos; fine work. url
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- EntropyLad replied Feb 10, 2010
see EUR/CAD go! Touch trade on that from 1.4750 would have been glorious! Pity the PIP dawg. he got out early! hahahaha.
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- EntropyLad replied Feb 10, 2010
EUR/AUD, closed 1st half = + 70 pips. — Sold 1st 1/2 for + 70 pips at 1.5670. I entered at 1.5740 short(Used a CHRISP approach so didnt enter at the expected 1.5715 = 1,2, 3 completion; i waited for a pullback after 1, 2,3 has been confirmed. ...
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- EntropyLad replied Feb 10, 2010
I do trade "blend the news" with red-labeled news. this is chapter 5 of hector old course. Unless the news is interest rate news or NFP news.
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- EntropyLad replied Feb 10, 2010
Not so sure. I mean, let us look at this week so far. Monday USD time, there was the GBP/USD touch trade at 1.5650. that later went by roughly +90 pips(i think nightmoves took this trade). Monday asian time, there was a EUR/CAD touch trade at 1.4700 ...
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- EntropyLad replied Feb 10, 2010
Dont you wish that you havent closed out the EUR/CAD? hehehe. the AUD/USD touch trade finally continues its downtrend. the little punk kicked me out of my 1, 2, 3/bpc trade then turned around and get kicking. I do the same thing myself. I can only ...
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- EntropyLad replied Feb 10, 2010
Yes, i could have re-entered at that price point. MY SL was triggered during frankfurst open. We have USD news coming up(trade balance today)...1:30pm london time...... Anyways, thanks for the thought....what is done is done, i guess. IF you use USD ...
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- EntropyLad replied Feb 10, 2010
yeah, i know, but LOB are like quickies.....if i am trading a typical 1, 2,. 3 formation..i wont go even think of going long with EUR/CAD...but this is the LOB...when they breakout, they breakout. But i understand where you are coming from.
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- EntropyLad replied Feb 10, 2010
Yeah, by inference, then consolidation should not be any more than +/- 20 pips from expected entry point because we plan on exiting 20 pips as soon as feasible. Got it. On the highest vs lowest, opting for 63.85. Cool. That is my inclination ...
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- EntropyLad replied Feb 10, 2010
I have to cancel the LOB setup in EUR/CAD due to indecisive, multiple dojis. LOB are momentum rush breakout...not this kind of indecisiveness. GBP news in 30 minutes or so. Besides, the strong S/R level of 1.4750 is waiting. I am letting this one ...
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- EntropyLad replied Feb 10, 2010
My trade here, short AUD/USD, resulted in a loss of -30 pips. Entry was at 1.8740. Looked like a sensible trade. Oh well, no man can capture all the fluctuations.
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- EntropyLad replied Feb 9, 2010
There are two set of questions here. They are written on the charts. The second question deals with the issue of consolidation right infront of your S/R level for entry within +/- 20pips...because breakout of from that consolidation may blast past ...
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- EntropyLad replied Feb 9, 2010
Can you post a chart please? What i see in EUR/AUD next S/R levels are 1.5600 and 1.5524 and 1.5400 are potential s/r levels.
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- EntropyLad replied Feb 9, 2010
I have attached what i am seeing in the AUD/USD h4/h1 short. image
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- EntropyLad replied Feb 9, 2010
AUD/USD short — AUD/USD short H4/H1 is what is getting my interest as we speak. The CNY news may do some damage.
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- EntropyLad replied Feb 9, 2010
This is what i mean by this post(using touchtrades and 1, 2, 3 formation to pyramid). url I have attached a chart below that better explains what i mean about pyramiding with a EUR/AUD daily/h4 chart. this is the daily setup chart: image this is ...
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- EntropyLad replied Feb 9, 2010
Pyramiding. — Nightmoves, i agree with everything you wrote down there. Although, lets say i have become totally comfortable with TOUCHTRADES, i wont mind entering a touch trades of a good setup...then wait for a 1, 2, 3 formation after that, ...
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