quicksilver's Posts

30-Trade Test PA in Trading Systems May 26, 2015 at 08:08

Trade #5 - EURUSD Short (TP reached)EURUSD just hit take profit. I'm now looking to go longTrade #6 - USDJPY Long (TP reached)USDJPY hit take profit and will stay on the sidelines for possible short opportunities.Running trades:Crude Oil trades are still runningEntered AUDUSD short and USDCAD longs on a scalp basis and looking to exit if either of these trades look to be threatened.

30-Trade Test PA in Trading Systems May 20, 2015 at 08:37

Exited Trade 4 as unsure on the market reaction to FOMC & BoE.Partly successful trade.

30-Trade Test PA in Trading Systems May 20, 2015 at 06:08

Trade #5 - WTI Crude Oil - 20/05---------------------------------------------------Took a short at market after price formed a DCC type of candlestick on H4 near the lower range at 58.40Support comes in at 55.8, which is where the target is. For the stops, I used the nearest previous resistance/support level at 59.15The bias for the trade comes as the longer term trend line was broken and prices failed to make new highs and instead ranged sideways. Adding the pitchfork, I see price attempted to rally to previous resistance which held and promptly declined lower. Lot of room between the UML whe...

30-Trade Test PA in Trading Systems May 20, 2015 at 06:03

Trade# 3 EURNZD----------------------------------Added new position at marketReason: I was watching the level at 1.5246 - 1.52215 on the H4 chart. Price formed a doji close to this level and followed through with two (currently third) bearish candlestick.So added to the position with stops at around -$38 in risk while moving previous short entry to the same stop level for a +$50 profit locked in. In the event price invalidates my bias, I will still exit with a profit.Target for the new EURNZD short is at 1.5038.http://www.myfxbook.com/files/quicksilver/HF_EURNZDH4_2005.png

30-Trade Test PA in Trading Systems May 19, 2015 at 13:20

Trade# 4 - GBPUSD LongTrade triggered with 2 positions at 1.5455 and a pending stop order at 1.55275. Targeting 1.57, 1.6 and 1.625 for the long term.

30-Trade Test PA in Trading Systems May 19, 2015 at 13:18

Trade# 2 - Profitable on early close (USDCHF)Missed quite a few pips on the table as I expected price to retest the break out. Failure to do so has led me to close out on the pending long positions.Trade# 3.1 - AUDUSD, loss on SLPrice hit SL, but this was more of a feeler trade with 0.02 lots in position.Running trades:Trade#3 - EURNZD, moved SL to lock $33 in profits. Added pending shorts.

30-Trade Test PA in Trading Systems May 19, 2015 at 10:17

Trade#1 - Profitable (GBPUSD)I moved the Take profit to 1.55275 due to spreads. And have now gotten a new pending buy order near 1.5489, with two orders, one targeting 1.57 and 1.60 respectively.Mistakes: Previous short was exited prematurely on expectations that there would be a rally to 1.57, which didn't happen.

30-Trade Test PA in Trading Systems May 19, 2015 at 06:59

Update:Closed out GBPUSD second entry for $13.8 profitClosed out USDCHF for $16.97 profitEURNZD moved stops to BE, locking in $10 in profitAdded new positions on GBPUSD at previous trade entryPlaced new entry on USDCHF as this is the trade I was looking for.So far P/L is $30.46, which should limit any potential losses on GU

30-Trade Test PA in Trading Systems May 19, 2015 at 06:16

Trade Summary:Trade#1 GBPUSDBoth the trades triggered as expectedStops moved a bit more close to the entries with a close to 0-loss on the cardsOn H1, noticed a falling wedge, but not too sure if this will work. Regardless, expecting a retest to 1.5697 (on CPI data maybe?)Any move higher will likely see the trades stopped out.In this event, will look to enter again near 1.57 - 1.569http://www.myfxbook.com/files/quicksilver/T1_GU_H1_1905.pngTrade#2 EURNZDThe early entry did work as price dropped out of the rising wedge and closed below 1.5266. Will move stops to BE towards EODTempted to add to ...

30-Trade Test PA in Trading Systems May 19, 2015 at 06:06

AUDUSD, 19/05 - Trade #4-------------------------------------------------I've been watching AUDUSD on the potential triangle consolidation pattern forming on H4. Price broke the Lower median line and also touched the lower trend line of the rising triangle/wedge pattern.http://www.myfxbook.com/files/quicksilver/HF_AU_1905_h4.pngLack of retest to 0.806 and the strong doji rejection near the trend line of the triangle led me to take a counter trend set up with a smaller position of 0.02. RR is close to 1:1, so there's nothing great about this set up and i'm not expecting too much fro...

30-Trade Test PA in Trading Systems May 18, 2015 at 09:57

USDCHF, 15/05 - Trade #3-------------------------------------------------On the daily charts, price action formed a bullish piercing candlestick pattern few days ago. Price rallied following this candlestick and then fell but the low of the piercing line wasn't breached.http://www.myfxbook.com/files/quicksilver/HF_UCH_D11505.pngOn the H4 TF there is a near double bottom formed and this is validated by a small bullish divergence on the RSI. There is also a falling wedge pattern being formed on the chart.http://www.myfxbook.com/files/quicksilver/HF_UCH_H401505.pngI think I got in a bit early...

30-Trade Test PA in Trading Systems May 18, 2015 at 08:30

EURNZD, 15/05 - Trade #2-------------------------------------------------EURNZD on weekly has rallied after break out from falling wedge. Price looks to be stalling near 1.5417, although current high is at 1.54028.http://www.myfxbook.com/files/quicksilver/HF_EN_1505.pngOn daily, if we see a lower close today, it could be quite bearish. Moving to H4, price is forming a rising wedge/triangle pattern. So far we got 3 contact points.I have entered this trade a bit early as the H4 is shaping out to be a reversal with the doji on the previous H4 candle.http://www.myfxbook.com/files/quicksilver/HF_EN...

30-Trade Test PA in Trading Systems May 18, 2015 at 08:25

GBPUSD, 15/05 - Trade #1-------------------------------------------------Weekly chart has a break out from the falling wedge and the trend line broken as well.Last week's PA rallied to 1.5813 zone but closed lower from the high. Expecting a test back to the falling wedge's resistance level to be tested for support @ 1.5489http://www.myfxbook.com/files/quicksilver/HF_GU_Weekly_1505.pngDaily chart formed a bearish engulfing and indicative of a move downside.On h4, plotting median lines, price has broken below Friday's low at 1.56697. So went short at 1.5728 and targeting 1.5489. Poss...

30-Trade Test PA in Trading Systems May 18, 2015 at 08:20

Journal to discuss my 30 trade test, using price action analysis.

candlestick recognition indicator in New Traders Apr 27, 2015 at 05:29

Myfxbook has a nice new addition of candlestick patterns across diff. time frames.

ctrader connectivity issues with myfxbook in General Apr 24, 2015 at 09:31

The only solution I find is to do the following:1. login to myfxbook first2. Open your ctrader and go to the 'Performance' tab3. Click on the myfxbook logo4. It asks you to approve the access5. You then get the message that the account is already added6. Close browser and restart or refresh the page and the account is updatedS*itty process I know but until spotware comes out of its cave along with myfxbook, this is the only option available.

Flash Crash trader who allegedly helped trigger the £500 billion Wall Street in General Apr 23, 2015 at 15:33

More volumes = more commissions, I guess.But yes, greed does catch up at some point. That 'one last time' and boom!!

Running a PAMM / MAMM account within Australia in General Apr 23, 2015 at 13:08

Yep ASIC has gotten very strict about it (and its good in a way. Lesser scams). Unfortunately the legit ones get caught up in it too.If you want to go legit, there's no shortcuts and you'll have to put up with the huge fees and stuff.What about going offshore and trading a PAMM via an offshore company?

Restricting Access to a Trading Account in General Apr 23, 2015 at 13:05

Nope. You can either set it to private or public but not based on days.

Flash Crash trader who allegedly helped trigger the £500 billion Wall Street in General Apr 23, 2015 at 13:04

I doubt you can get away no matter where you live.. maybe from Iran or Russia ;)

All Quotes
AUDUSD	0.65006	USDCHF	0.91469
EURJPY	166.425	EURCHF	0.97919
EURGBP	0.85901	GBPJPY	193.718
EURUSD	1.07048	GBPUSD	1.24611
USDJPY	155.454	USDCAD	1.36944

Posts by quicksilver