"Just Oil"
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 09:19
ok. myfxbook is not working
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 09:29
ok, it is not working so some info. no risk on my account. 2 trades stops on BE, g/u and g/j and a/j still and the rest all stops for some pips 100+ on each. not listening to some talks about 1.2250 as a strong big support on e/u. been about 400 pips on e/u and cause trend is down everything is possible. I have stop above previous up wave so let's see.
Miembro desde Jan 14, 2010
posts 556
Jul 11, 2012 at 10:15
Chikot posted:
not listening to some talks about 1.2250 as a strong big support on e/u. been about 400 pips on e/u and cause trend is down everything is possible. I have stop above previous up wave so let's see.
The eurusd looks to be in a free fall and it doesn't look like there's any support at this moment. Would need to see some ranging market beforehand. I would definitely stick to the short side though to avoid being caught against the trend.
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Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 10:39
yeah, the trend is short for me. until I get signal to go long I stay short. there is some support at 1.2250 and many went long but I am thinking break down.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 10:44
(editado Jul 11, 2012 at 10:45)
the point with trend following as I see it to look for home runs while playing defensively. hence taking some profits and moving stops to at least BE. once some trends hit it can be the whole year worth of profits in just few trades. I have had +9.5% floating by now on pretty modest moves. had it been some strong 1000+ pips trends it would be easy 30+% which I would mostly define telly taken.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 10:46
my aud/jpy is getting revitalized. My gut sense it is finally going for 82.00 level break. if it breaks I see it going all way up to 88.00 and may be higher. it would make me total with all previous profit takings 6-8% depending where it gets.
Jul 11, 2012 at 11:07
I opened a speculative position on the GBP/AUD this week and on the EUR/AUD, mainly for the same reason as last week: I think the AUD is going to stay stronger then the GBP and EUR. Both currencies can be oversold, but I don't think we have seen the bottem yet.
I also opened some EUR/$ short en some $/CHF long, no hedging, the $/CHF looks like it's going to break higther, Momentarily my positions are small so I don't place stops, besides the volatility is also very low so I'm sure I can sell my positions on time if they go against me
I also opened some EUR/$ short en some $/CHF long, no hedging, the $/CHF looks like it's going to break higther, Momentarily my positions are small so I don't place stops, besides the volatility is also very low so I'm sure I can sell my positions on time if they go against me
Miembro desde Jan 14, 2010
posts 556
Jul 11, 2012 at 13:09
Chikot posted:
the point with trend following as I see it to look for home runs while playing defensively. hence taking some profits and moving stops to at least BE. once some trends hit it can be the whole year worth of profits in just few trades. I have had +9.5% floating by now on pretty modest moves. had it been some strong 1000+ pips trends it would be easy 30+% which I would mostly define telly taken.
I agree except setting the stops on break-even - I just hate it when price hits my stop on break-even just to go back through my expected tp, so I just prefer to ride it all the way to my original sl or tp.
Price is probably going down to 1.18, so I will be shorting on pullbacks.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 13:25
I think going long usd/chf and short e/u is ok, also I would not do it by now according to the method is too late. But eur/aud and gbp/aud especially eur/aud has not shown weakness or any signal that trend might be getting weaker. so I have no idea. I would wait for some signal to get speculative.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 22:02
minosd777 posted:
I opened a speculative position on the GBP/AUD this week and on the EUR/AUD, mainly for the same reason as last week: I think the AUD is going to stay stronger then the GBP and EUR. Both currencies can be oversold, but I don't think we have seen the bottem yet.
I also opened some EUR/$ short en some $/CHF long, no hedging, the $/CHF looks like it's going to break higther, Momentarily my positions are small so I don't place stops, besides the volatility is also very low so I'm sure I can sell my positions on time if they go against me
Mino, did I get it right? You bought gbp and eur against aud in eur/aud and gbp/aud or you sold eur and bbp against aud? cause if you buy aud it is not speculative me think. it is along the trend.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 22:30
I have just added one more demo account. Live account is coming soon. The demo is with Oanda Europe which also trades commodities and futures. so, I decided to trade commodities and futures there. Live account most probably will be with Oanda Europe too but as I see it I cannot trade commodities and futures because even with Oanda I am very under capitalized for this trend trading.
I have tried to connect but it is saying that some history is missing. Nothing can get missed as I made only one trade today. bought Brent Oil cause got lucky as there was signal to buy per how I trade.
I wonder how can I contact myfxbook. Myfxbook help sens me to correct error for MT4 but it is Oanda FX trade practice platform.
I am going to make second transfer most probably tomorrow and hopefully get money to my live account soon.
I have tried to connect but it is saying that some history is missing. Nothing can get missed as I made only one trade today. bought Brent Oil cause got lucky as there was signal to buy per how I trade.
I wonder how can I contact myfxbook. Myfxbook help sens me to correct error for MT4 but it is Oanda FX trade practice platform.
I am going to make second transfer most probably tomorrow and hopefully get money to my live account soon.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 22:33
contacted myfxbook so hopefully will be connected soon.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 22:51
😲 some cr*p. it is connected, says no trades made yet when I am long oil and shows some hanging -9000 pips something. will reconnect again.
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 22:53
LOL, I see , it is 240 oil units and I am only -98000 pips down., It means that oil dropped form the price I bought it to $0. Great times., gas is free now!
Miembro desde Jan 14, 2010
posts 2299
Jul 11, 2012 at 22:53
I am actually 175 pips up.
Miembro desde Jan 14, 2010
posts 2299
Jul 12, 2012 at 00:40
ain't working. deleted it.
Miembro desde Jan 14, 2010
posts 2299
Jul 12, 2012 at 09:05
Aud news made quite a stir. I was already celebrating coming break outs on aud/jpy and gbp/aud. it looks like it might end my trades. lower highs failures to make news highs and lows. strong move. on bbp/aud I have 600 pips locked but aud/jpy has not quite taken off. I am still at be. but if ema's cross before my BE I will close trade manually.
Miembro desde Jan 14, 2010
posts 2299
Jul 12, 2012 at 09:06
happily, other pairs made a big move along.
Miembro desde Jan 14, 2010
posts 2299
Jul 12, 2012 at 09:06
new opportunities are coming too. if things go well, I might start looking for new trades.
Jul 12, 2012 at 12:17
Mino, did I get it right? You bought gbp and eur against aud in eur/aud and gbp/aud or you sold eur and bbp against aud? cause if you buy aud it is not speculative me think. it is along the trend.
I sold the EUR and the GBP against the AUD, but clearly not such a good idea, Eur/AUD stop was cleared on be, but the GBP/AUD looks like it's going up, this pair is very volatile I don't like that and is hard to predict so i think i'm just going to let the stop in place, I can take a loss, for the moment I will not be shorting EUR/AUD anymore, I think a big pullback i coming, people want to sell their AUD 'cause of 'bad news' out of China and we now that the AUD can go down very aggresively..
I will be adding to my EUR/$ shorts on pullbacks, also EUR/YEN looks good fore a short to hit a 95.60 tp
good trading
mino
I sold the EUR and the GBP against the AUD, but clearly not such a good idea, Eur/AUD stop was cleared on be, but the GBP/AUD looks like it's going up, this pair is very volatile I don't like that and is hard to predict so i think i'm just going to let the stop in place, I can take a loss, for the moment I will not be shorting EUR/AUD anymore, I think a big pullback i coming, people want to sell their AUD 'cause of 'bad news' out of China and we now that the AUD can go down very aggresively..
I will be adding to my EUR/$ shorts on pullbacks, also EUR/YEN looks good fore a short to hit a 95.60 tp
good trading
mino
