Bijoy's Trading Set ups

id be happy trailing stop to b/e actually but thats your call. i still hope to see 12980-13000 for a better short. Besides, tho i am not a fan of indicators, rsi does show a highly unorthodox divergence, and a bullish one too. Well a chart sums it all up:

Friends,

Here is the result of my first trade [Trade 1 (Dec-12_ Short EURCAD from Post # 950 & 957] of this month that ended gaining 200 pips and 6% return by increasing account balance to $3594 from $3391.


Thank you friends

Happy weekend.

BIJOY

Well done… Bijoy… Well done…

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you are right we could see some tacky moves up again before trying the lower enclaves one more time. That’s why I made a last minute decision to close shop until I can see more data early next week. I still believe 1.2950 is the last before a possible move lower into the 1.2800’s. If we move higher than that value, then, I won’t be shorting again. Would seek to be long with long term targets.
Happy weekend Kwonkicker

congratz mate, thats the kinda trade we all wanna be in :wink:

tnx snip. i admit 1.30 seems too optimistic right now, but i do wish that we get there, since i hate myself for missing the higher entry. But its still a valid setup and i intend to play it. i did post some weird chart up there just let me explain the setup (ps: the abc mark is not a wave count just some letters ignore them :wink: ):

Your projected entry point at or around 1.3000 makes a lot of sense especially for some of us who are very particular about their entries… I will make my final decision about that after open. Your target towards 1.26 is the really ambitious stuff right there. There has o be change of trend for that price to come into play once more and that has to require a whole new level of analysis at my side. I will still play bullish until that is needed. Nice sharing…

Any Comments ?


Any Thoughts ?


Guess an announcement could be coming up soon to make that short a reality… lol…Beh… yea, we have a potential top there and I would rather play this short than the AUDUSD. Looking across pairs, the kiwi looks the most vulnerable of the two at this time.
Good luck

Though pretty-looking, this pair seems determined to make it to 1.06 once more… Though toppy at this time, the weekly and monthly price action suggests we are yet to see the last of this rise. Cautious shorts perhaps, but I won’t go all out now unless there is a kicker move. 1.06 would be my preferred short price with some sustainable targets down the road.
Good sharing

congratulation bijoy

good catch Mr.bijoy,

Signs are confirming up around the fiscal cliff issue. We may see USD being given back to the bulls!!!

Hi! I’m a newbie, and can anybody share information why bijoy haven’t gone for the AUD/USD and NZD/USD trades hereand here?

If I was the one who saw those, I would have traded them. what other indicators is he waiting for? thanks for sharing!

Bijoy, what do you think, I think we could continou your E/C trade with a reverse, so as we can surf up to 1.30 and see where’s the top.
others’view?

at G/U there’s a trendline touch right now, but I don’t think it will fall back much. rather a kind of escape through the trendline, or by the line, as I saw it on A/U some days before. what do you all think?

Yunny, if you are here, will we buy at 0.80 psychological level at E/G? :slight_smile: I’ll try
though BB100 on the daily is at .8020 as I see. may I try there?

08020/05 looks like a good buying zone… but since we failed to make a new higher high in the daily… I might use a tight SL, small position and look only for a small amount of pips

thanks! maybe it won’t be the perfect pair to trade. even if it keeps it’s long, I can imagine it won’t be a rush for a top