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pierre23
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Postby pierre23 » Mon Jul 13, 2009 1:22 am

Find which way the market is moving and trade with it..

Had some drawdown on the first trade, which was my "testing the water" trade (10 lots) so it was ok to hold it out. tp both positions at green line +8.2%. After it broke the line went short at 129.70 for a quick +1.8%

Maybe some consolidation then a continuation upward? We'll see.

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monolisa
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Postby monolisa » Mon Jul 13, 2009 2:11 am

Good trade, pierre23.

Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??

Lis
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"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

pierre23
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Postby pierre23 » Mon Jul 13, 2009 2:13 am

Will hold this short.

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pierre23
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Postby pierre23 » Mon Jul 13, 2009 2:29 am

monolisa wrote:Good trade, pierre23.

Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??

Lis


Thank you. wow funky chart you have there lol does the green/red shading mean anything in regard to s/r levels or is it just there for show?

"- 40 pips. More to come??" -- I take it that you're +40pips up? Boy the gbpjpy really moves hey.. the spread is nothing if you can catch a good breakout.

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monolisa
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Postby monolisa » Mon Jul 13, 2009 2:57 am

Hi pierre23,

The shadings are price density lines. Red = High density, Green = Low density.

Lis
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es/pip
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Postby es/pip » Mon Jul 13, 2009 4:03 am

pierre23 wrote:Find which way the market is moving and trade with it..

Had some drawdown on the first trade, which was my "testing the water" trade (10 lots) so it was ok to hold it out. tp both positions at green line +8.2%. After it broke the line went short at 129.70 for a quick +1.8%

Maybe some consolidation then a continuation upward? We'll see.

Image


basically the same trade

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and then these


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Image

Image

pierre23
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Postby pierre23 » Mon Jul 13, 2009 4:22 am

good trading es.

we had the same idea with the first trade; you got in at a much better price though :wink:

same short target too (EJ). I entered another position at 128.90 with a "super sized" position for 10pips.

thats me for today.

Image

just a question; is Broco Trader you're broker or are you just using their charting?

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es/pip
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Postby es/pip » Mon Jul 13, 2009 4:33 am

i trade thru mb and a couple others

its just easier to draw on broco bec on my other charts it has s/r lines all over them and it wouldn't be clear on what i was trying to show


short ej again on 30 min


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es/pip
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Postby es/pip » Mon Jul 13, 2009 4:42 am

out at .83 kind of a double bottom on 30 min and looks like a stop run on 5 min


EDIT______________________________

and---------------- right to the target

i "over thought" myself right out of that one :?

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es/pip
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Postby es/pip » Mon Jul 13, 2009 3:47 pm

couple from today

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was in this one and didnt like the way that 1hr bar formed got out for +5 and then got back in on the break at 1.6135

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