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- EntropyLad replied Mar 19, 2010
Well, my SL was triggered. At one point the trade was +30 pips in my favour but i didnt move to BE or offload, i was waiting for a +40 pips in my favour to do that. Hahaha. it was countertrend trade, for sure. countertrend/danUK style Anyways, made ...
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- EntropyLad replied Mar 19, 2010
Good work. Just read your post after posting my above post. Good work.
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- EntropyLad replied Mar 19, 2010
Well, i think the verdict is in on EUR/USD: the TC won against the S/R. Okay, there was a solid + 40 pips bounce off the S/R...so, i guess, with good money management, you could have played it too and win. Since i am partial to TC, i will claim the ...
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- EntropyLad replied Mar 19, 2010
Maybe i am just too suspicious, but the use of rates is an attempt to control the currency, is it not? Yes, those are free-floating currency, but interest rates does have decisive effect on currency appreciation and depreciation despite calling them ...
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- EntropyLad replied Mar 19, 2010
Well, indeed, this was most fun. The first PT already met and closed out. The rest of the cargo already closed out at 1.0069. Because i am not sure of USD/CAD fundamentally appreciating against the USD to near parity or below.
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- EntropyLad replied Mar 19, 2010
Ha! that was fun! the danUk style SL(red dotted line on the chart) hasnt being triggered yet...it is at 1.5089. Well, we will see how the rest of friday goes and next week.
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- EntropyLad replied Mar 19, 2010
You mean short at 1.5260, correct? rather than 1.5160. Anyways, took another LONG entry at 1.5170. In fact, that is where i should have placed my LONG entry. Let see how it goes.
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- EntropyLad replied Mar 19, 2010
Allow to happen in the sense that BOJ or CHF bank intervene in the market...which, well, can cause massive moves that will take out SL. In that case, these BANKS are essentially saying: yes/no, to whether a currency appreciates or depreciates. When ...
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- EntropyLad replied Mar 19, 2010
I agree, it needs to pass through 1.0056 and 0.9901 first. But lets think about this for a minute. Fundamentally, we are essentially saying that the canadian dollar and the US dollar are going to parity and below? I very much doubt this will be ...
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- EntropyLad replied Mar 19, 2010
I am going to be contrarian here: i will go long GBP/USD at 1.5190. Move to B/E at + 40 pips. SELL 1/2 there too at 1.5230. Final PT = 1.5340. let see how this goes, shall we? image
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- EntropyLad replied Mar 19, 2010
Did you get in at the B-P-C of GBP/CHF bottom trendline?
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- EntropyLad replied Mar 18, 2010
Ha! apparently we were only 1 minute apart in posting our chart setups for USD/CAD! nice! I am not even sure...it feels as it they are both trapped between going up or down. There is strong SUPPORT backing them up...and there is strong RESISTANCE ...
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- EntropyLad replied Mar 18, 2010
Just placed a DanUK short entry for USD/CAD H4 at 1.0169. SL = 1.0220 1st PT = 1.0130...maybe...1.0140, just to be on the safer side. let us see how this goes. Chart attached: image
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- EntropyLad replied Mar 18, 2010
Dumped 1/2 of my cargo at 1.6136 for +53 pips. The rest has already been at BE since +20 pips. Now moved to BE + 3. Of course, watching the daily S/R level pointed out by yunero...will sell 1/4th into that too...and then see if it pullback or ...
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- EntropyLad replied Mar 18, 2010
They are soo many S/R levels on that GBP/CHF chart...i expect some S/R at 1.6136. I am selling some into that level. HAHAHAHAHA.
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- EntropyLad replied Mar 18, 2010
I warn you, i wont be seduced by glittery, shiny little things.....hahaha. Must...resist....evildicator.....such is the path to the dark side, master yoda told me. image Shhh!....That is NIGHTMOVES in real life! .
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- EntropyLad replied Mar 18, 2010
Well, yunero. Good luck to you too. I see it is already up by + 20 pips. the BE point. By all account, that was a stupid trade on my part -- cowboy behaviour. The PA is too violent. Just because it is +pips doesnt mean it is acceptable.
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- EntropyLad replied Mar 18, 2010
Interesting....I shall attempt to go LONG GBP/CHF at those TWO purple lines of S/R on line chart. Chart attached. image
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- EntropyLad replied Mar 18, 2010
gbp/chf? are you kidding? look at ALL THE CHFs...on a war path. Moving violently. USD/CHF, AUD/CHF, CAD/CHF, NZD/CHF, GBP/CHF, CHF/JPY,....(I deleted eur/chf from my account a long time ago. sick to death of it.) CHFs are always the crazy bastards ...
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- EntropyLad replied Mar 18, 2010
Out of my CAD/CHF for +45 pips and +2 pips. Anybody notice any setups that is interesting? Dont keep it to yourself....i need to make some pips here, people. My brazilian beach house is not going to buy itself. UPDATE: Look at the violent reversal ...
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