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- EntropyLad replied Feb 3, 2010
Anyways, after that good whiplash by NZD news(NZD news affect AUD, and vice versa), and now that AUD/CAD is back at 1.9352, i am moving my 2nd SL to BE + 1 = 1.9369. AUD news is coming = in rougly TWO hours. ASIA open will soon rush in, 0.9350 has ...
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- EntropyLad replied Feb 3, 2010
You will let us know, wont you? When you are done with it....
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- EntropyLad replied Feb 3, 2010
I first saw it here, nightmoves url I like the idea. It got my attention immediately.
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- EntropyLad replied Feb 3, 2010
Nice. Good move. Funny, before i came here...i used to interact with a group of "traders" who are disdainful, scornful of keeping a trading journal. They also believe in risking 200 pips, 1000pips, 500 pips to make 20 pips. That if you risk a very ...
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- EntropyLad replied Feb 3, 2010
Yes, E/G is fine looking damsel that when in a good mood gives you a very good ride. *wink* lol. She may not be as bouncy as the JPY asian delicacies, or leggy tall as the GBPs with their long ADR, but damn, E/G is a solid petite ADR with a smooth, ...
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- EntropyLad replied Feb 3, 2010
The first PT of 1.9355 reached. I dont like the RN at 1.9350, CLOSED out 1/2 in that trade. Let see what the rest will bring. NIGHTMOVES, I am curious, what is your spread on AUD/CAD....mine is 2.1. I am wondering, given that your spread is 7 on ...
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- EntropyLad replied Feb 3, 2010
MY ADR = 104 = 1.3920 = the ABSOLUTE LIMIT of my ADR. So, yeah, it was around my exit point of 1.3910. However, hector himself says to ignore ADR with H4/H1. I guess i play a conservative version of hector's system. ADR, RN, retracement low/high ...
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- EntropyLad replied Feb 3, 2010
Absolutely, you are right. TP1 as per hector method is 1.3866 area. I know. But, round number can be a bitch. I am already up by 1 vs 1.4 by the time price action gets to 1.3910(which is a respectable RN= 1.3900). Besides, ADR was around that area ...
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- EntropyLad replied Feb 3, 2010
ON Overexposure. — Today, for example similar tradings setup comes up in AUD/USD, EUR/USD, in other to prevent overexposure, you dont want to take the same trade. But at the same time, which one should you take? Custos and I discussed this ...
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- EntropyLad replied Feb 3, 2010
Wow! that was fast! Very fast! Already closed 1/2 at 1.3910. Moved the rest to BE + 1.
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- EntropyLad replied Feb 3, 2010
AUD/CAD short triggered. 0.9370. Selling 1/2 at 0.9355. but not moving SL to BE. i will leave SL where it is(there is a potential bounce off 0.9350 area...i want to see if it breaks. the rest of the lot at 0.9310.
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- EntropyLad replied Feb 3, 2010
Same here, nightmovess, E/U. 4HR/1HR, 1.3937 SHORT. selling 1/2 at 1.3910. Ultimate PT = 1.3860
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- EntropyLad replied Feb 3, 2010
the USDCHF makes a more attractive target. h4/h1. There is the ISM news and the ADP red-labeled news USD.
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- EntropyLad replied Feb 3, 2010
I know. Hector limited the LOB to GBPs and EUR/CAD, EUR/AUD, ETC. he eliminated all the CHFs and the EURGBP, and EUR/USD. Yeah, but if a solid setup and solid breakout happens between 7am to 9am for any of the CHFs, EURs, GBPs, LOB or not, i am ...
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- EntropyLad replied Feb 3, 2010
Look at EUR/USD go! the force is strong with the slanted trendline collapse. It is also a LOB breakout too. DAMN! I failed to catch this LOB. Chart attached.
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- EntropyLad replied Feb 2, 2010
Oh well, closed out of EUR/NZD when it moves back to 1.9640. made only +5 pips there, which sucks because it went to a low of 1.9560. which means i was +85 pips at one time. Obviously, my money management needs more work. Strange, i wasnt expecting ...
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