Wazua
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200. Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 10/6/2011 Posts: 84
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. Congrats, hope the 2nd trade goes as expected. Btw, some few posts ago, I said I was trying a slightly long term approach, and so far its working, better than day trading.  “small step for man”
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Ceinz wrote:hisah wrote:hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. Congrats, hope the 2nd trade goes as expected. Btw, some few posts ago, I said I was trying a slightly long term approach, and so far its working, better than day trading. how can it be better than day trading ????  ...i love fast money !!!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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hisah wrote:hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. wow . you really trade big !!!!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@QW - That's why I trade weekly charts. If I make a nasty blunder with lot sizes 0.5, 1.0 or 1.5, I'll fry the account! That classic margin call alert  So my trades take longer to take to reduce risks as much as possible. The above trades were on 0.5 lot sizes. I mostly trade 0.5 and 1.0. For quick trades like interventions, I go for 0.2 or 0.3. Know your trading style and stick to your trading plan and you'll be in the monies... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:hisah wrote:hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. Congrats, hope the 2nd trade goes as expected. Btw, some few posts ago, I said I was trying a slightly long term approach, and so far its working, better than day trading. Yep, I remember you mentioned. So far how do you like the freedom of walking away from the screen or going about your day or sleeping without the anxiety of being stopped out... Once you get addicted to this, there's no turning back $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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QW25081985 wrote:Ceinz wrote:hisah wrote:hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. Congrats, hope the 2nd trade goes as expected. Btw, some few posts ago, I said I was trying a slightly long term approach, and so far its working, better than day trading. how can it be better than day trading ???? ...i love fast money !!! Day trading is too fast paced. It requires quick decision making- take that profit, cut that loss, close trade and enter reverve, you see what I mean. Swing trading is more relaxed, you set it up and just check on it periodically and when you compare profits say on a weekly basis its the same if not better to day trading. So why stress myself. Bottom line: its sticking to what suits you. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Ceinz wrote:hisah wrote:hisah wrote:Trade update - revising SL to 1.2620 on the long USDSGD positions. Position 1, TP remains 1.3000. Position 2, TP revised to 1.3200.
Since I don't usually trade in Dec due to thin liquidity & stress free vacation, this will be my final trades for 2011 unless defaults in euroland happen in Dec presenting quick profitable trades. Position 1 TP hit in Asia session and profits booked. If this goes as expected position 2 should yield at least $3400 for a combined $6200 profit. But boy 2011 has made these swing trades hard to come by as volatility goes fever pitch coz of euroland. @fxtech & @ceinz goodluck with ur day trades. I gave up on day trading since my eyes cant take anymore hourly screen staring/monitoring. Congrats, hope the 2nd trade goes as expected. Btw, some few posts ago, I said I was trying a slightly long term approach, and so far its working, better than day trading. Yep, I remember you mentioned. So far how do you like the freedom of walking away from the screen or going about your day or sleeping without the anxiety of being stopped out... Once you get addicted to this, there's no turning back I'm liking it, so far so good. “small step for man”
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Euros resilience is just buffling me ???? no words...if it rallies in n.y its gonna be major !!!!!!!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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bulls really defending this pattern lol.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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bearish dollar index euro set to rock UP !!!!!!!!!!!!!! 
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@Hisah wow u mean you trade weekly charts, I like that, I bet the higher the timeframe the better you become as an fx trader. For me H4 & D1 work best. Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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could we be headed down !!!!!!!! 
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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if you love usd/cad...things arent really looking up !!! ascending wedge BEARISH !!!!!!!! 
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@Hisah USDSGD for sure might hit 1.3200 @QW USDCAD I also see a potential short setup emerging and it will fall hard, keeping an eye Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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AUDCAD long @1.0294 possible 300-400pips Longs to watch GPBCHF, AUDJPY, AUDUSD SHORTS USDCAD Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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doesnot look good for nzd/jpy .it forming a wedge formation 
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