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Rsi Breakout

bizWiz
Nov 26 2009 at 16:14
397 posts
entered a long on the eur/usd @ 1.5000.

Sleep is for the weak.
bizWiz
Nov 26 2009 at 16:21
397 posts
entered a short on the usdcad @ 1.0610

i know these are all usd correlated, but i'm testing the other pairs as i've noticed that different results can be produced even on correlated pairs.

Sleep is for the weak.
bizWiz
Nov 27 2009 at 08:19
397 posts
ok, no one was probably expecting that 😲

i think the dubai crisis is just enough to reverse the trend on the dollar into a bullish one.

my positions are still all open with practically no stop losses - i'm waiting for an opportunity to close and reverse all positions.

not too worried about having no stop losses as i'm trading very conservative and will close the positions if the drawdown reaches 2% of my account .

Sleep is for the weak.
bizWiz
Nov 30 2009 at 08:45
397 posts
managed to close all positions for a small profit..that one was close 😐.

spotted a good short setup in the gbp/usd:

<a href= target='_blank'><img src= /></a>

as you can see, there's a pullback to the major channel's support which is now resistance, and also a new channel forming downward, creating an excellent opportunity for a short.

stop loss can be just above the last high, about 1.6600, target is currently open, but as you might guess, it's way down 😄

Attachments:


Sleep is for the weak.
bizWiz
Dec 08 2009 at 08:51
397 posts
lost about 80 pips on the last trade, too bad as it was up about 80 pips before reversing..

looking for a new setup to enter.

by the looks of it, it is indeed appears the the bear usd trend is over.

Sleep is for the weak.
bizWiz
Dec 08 2009 at 14:13
397 posts
trying a long on the eurusd, entered @ 1.4750 sl@1.4594. tp is open.

since i believe the trend has changed, i will look to close this position as soon as possible and re-enter the opposite direction.

Sleep is for the weak.
bizWiz
Dec 10 2009 at 10:06
397 posts
not happening much lately, probably because of the low liquidity which usually is the case when the year ends.

Sleep is for the weak.
bizWiz
Dec 12 2009 at 13:54
397 posts
stopped on that last one.

looks like i was right and the trend did change - only i wasn't quick enough to reverse my position.

will look to enter shorts on the majors (eurusd, gbpusd).

Sleep is for the weak.
bizWiz
Dec 15 2009 at 09:29
397 posts
eurusd already broke to the downside, but i haven't seen any good entries, the liquidity is very low, so i'm watching carefully.

there must be a retrace to the upside at some point and this is when i'll enter.

the gbpusd is still holding it's position, although i think it will plunge down also.

Sleep is for the weak.
dgryder
Dec 15 2009 at 12:18
7 posts
Got short @ 1.4600 and covered @ 1.4550. I like trading the even numbers. Those are good entry and exit points.

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