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Show me the money! [Swing Trading] Need some swing trading ideas? Want to share your own swing trade ideas? If you're the next Jerry Maguire and think you can show us the money, then this thread is for you. Also, discover your Forex trading personality in the School of Pipsology.

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  #311 (permalink)  
Old 03-12-2008, 01:11 PM
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Today has been a great day. 104 pips profit!! No losses! I'm taking the rest of the day off!

Hope everyone's trades is going their way!
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  #312 (permalink)  
Old 03-12-2008, 01:35 PM
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Quote:
Originally Posted by Trade It View Post
Today has been a great day. 104 pips profit!! No losses! I'm taking the rest of the day off!

Hope everyone's trades is going their way!
NOICE!!! Post up your chart setup if you get a chance!

I just went short in the EURJPY from 158.71 on the 4H chart. Essentially entered at the 87% level, targeting the 23.6 level. Technically it made a lower low, lots of consolidation at the 87% and the price is at a nice discount. A good risk:reward ratio always makes things tasty.

Sitting up +43 on it as we speak but its far from over and its far from a risk free trade.

I got HAMMERED on an AUDUSD short yesterday for a -63 pip loss because I violated one of my key rules. I don't think i've illustrated this point to you guys, just mentioned it in a few pms amoungst us fellow fib traders so i'll try and add that to here.

Haven't been posting much because, well, there hasn't been anything to add. The method is what it is!
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  #313 (permalink)  
Old 03-12-2008, 03:38 PM
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Originally Posted by daedalus View Post
NOICE!!! Post up your chart setup if you get a chance!

I just went short in the EURJPY from 158.71 on the 4H chart. Essentially entered at the 87% level, targeting the 23.6 level. Technically it made a lower low, lots of consolidation at the 87% and the price is at a nice discount. A good risk:reward ratio always makes things tasty.

Sitting up +43 on it as we speak but its far from over and its far from a risk free trade.

I got HAMMERED on an AUDUSD short yesterday for a -63 pip loss because I violated one of my key rules. I don't think i've illustrated this point to you guys, just mentioned it in a few pms amoungst us fellow fib traders so i'll try and add that to here.

Haven't been posting much because, well, there hasn't been anything to add. The method is what it is!

Today I used fibs and s/r lines. I played eur/usd and usd/jpy also. Took alot of pips in those as well. I'll post the eur/jpy trades. I realize I left ALOT of money on the table but I am happy with my wins today. Mostly because I had no losses. Thats always a good thing. I was watching the last eur/jpy trade, was about to close it out for a loss and seen that a bottom was forming so I left it open.
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  #314 (permalink)  
Old 03-12-2008, 06:12 PM
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Well, I didn't take the day off. I took two more trades . Gotta love the retracements. The second was just a counter trend I played. I just knew it was going to go back up...just didn't know how far so I closed it out too.

I didn't post the grids I had drawn but you can clearly see the pullbacks I played.

Trade well!
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  #315 (permalink)  
Old 03-12-2008, 08:32 PM
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nice trades
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  #316 (permalink)  
Old 03-12-2008, 10:59 PM
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Eurjpy short sitting at +143 currently... still got some more work for it to do for me overnight before i'll be a happy camper!
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  #317 (permalink)  
Old 03-12-2008, 11:52 PM
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Guys, I just had to share this... so that eurjpy trade... I just closed it out for 233 PIPS!!! That is the biggest fx trade i've ever made. I'm stoked!!!

Entry was at 158.71, exit at 156.43... the rest is history!

Cheers folks!
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  #318 (permalink)  
Old 03-13-2008, 12:20 AM
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I had opened a short on that pair a couple of days ago (according to the OzFx entry signal) and didn't put a stop loss. Had been sooo tempted to close it at a huge loss, but since it was only a demo, decided to let it run to see what would happen. I too was ecstatic to see it come back and finally closed it out at a profit

I was also watching the news reports and they seemed to suggest it would, and also drew several fib grids to relieve my demo anxiety, all which factored favourably in to my decision to wait.
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  #319 (permalink)  
Old 03-13-2008, 08:15 AM
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Very nice trade daedalus! Seems this pair is everyone's fav. for the moment.
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  #320 (permalink)  
Old 03-13-2008, 08:27 AM
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Default w/o a stop loss sweetpip
Quote:
Originally Posted by Sweet Pip View Post
I had opened a short on that pair a couple of days ago (according to the OzFx entry signal) and didn't put a stop loss. Had been sooo tempted to close it at a huge loss, but since it was only a demo, decided to let it run to see what would happen. I too was ecstatic to see it come back and finally closed it out at a profit

I was also watching the news reports and they seemed to suggest it would, and also drew several fib grids to relieve my demo anxiety, all which factored favourably in to my decision to wait.
I have done the same repeatedly with disastrous results. Still waiting for E/U to come down to 154 level and getting killed with interest. I don't recommend it.
S.
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