Bijoy's Trading Set ups

garuhhh · February 11, 2013, 1:24pm

whoah?! I missed this trade idea! If you went with a sell at 1.5770, you must have gotten 100+ pips!

mwscircle · February 11, 2013, 2:45pm

Took in approximately 58 pips.

Bijoymj · February 11, 2013, 11:09pm

Upward breakout already grabbed 100 pips and still counting.

Bijoymj · February 11, 2013, 11:29pm

GBPAUD in a potential fib support. Another possibility to short.

Bijoymj · February 11, 2013, 11:38pm

GBPCAD. Stuck in a range of 600 pips

Bijoymj · February 12, 2013, 2:06am

Placed a Buy stop order on GBPNZD above the recent consolidation at previous resistance which is in line with fib 50. TP to be decided.

Any comments ?

BIJOY

kores · February 12, 2013, 2:20am

I’ve never traded like this before ( to place an order above ) therefore I haven’t seen the advantages of it. but good luck with it. a question would be, why is it better than a market order just where price is, but somehow I understand.
so, my tp would be the high before, first, than 1.9 if it reaches, than sell.

Bijoymj · February 12, 2013, 3:31am

Intention to place buy order above the market price is little conservative. Now the price is consolidating after a heavy down fall. Expectation is that, if the pair continues it’s downtrend, then it will go down without going back above the current consolidation and triggering my order. So that I will not be burned. Also expecting price to go above the consolidated area from the trend line triggering my order and giving me some pips. Everything is expectations and possibilities. Let us hope for the best.

Bijoymj · February 12, 2013, 4:23am

Though my 6th and 7th trades are not yet triggered, I am going forward with another trade.

i.e., Short EURGBP

See chart

BIJOY

Bijoymj · February 12, 2013, 9:45am

Order not triggered. Trade cancelled. Price is going down like a rocket breaking the trend line.

Kores,

This is the benefit of placing pending buy order at a price above the market. If it was a market order, it would have been hit SL very easily.

BIJOY

garuhhh · February 12, 2013, 9:51am

I placed a pending sell order below that range in 1.6700, got triggered, now I’m positive 60pips. Though I haven’t put it in to my journal. Got triggered while I’m out.

kores · February 12, 2013, 10:16am

I’m glad to see you haven’t been in. and Thanks for showing this kind of thinking! progress!
meanwhile I’m stopped out on my GU shorts. but I don’t mind. next time I’ll watch for a long. not today

Satunya · February 12, 2013, 10:23am

Good to see you back and posting Bijoy.

Bijoymj · February 12, 2013, 10:54pm

Buy Limit order at 1.2250 on AUDNZD triggered. crossing the fingures. Target is 1.2430

Bijoymj · February 12, 2013, 11:07pm

Not Keeping more risk. Moved stop loss of my EURGBP short trade to 0.8640 from 0.8700.

BIJOY

Bijoymj · February 12, 2013, 11:22pm

Now the trade is up by 50 pips. Not risking anymore. Brought SL to BE

BIJOY

Bijoymj · February 13, 2013, 12:08am

Waiting to Short AUDUSD at trend line (which is in line with Fib 61.8 level and previous support) on some candle stick confirmation.

Bijoymj · February 13, 2013, 12:15am

Waiting to see the price action of NZDUSD at 0.8475 area.

Bijoymj · February 13, 2013, 12:39am

Pair reacted to the fib level and is going down quickly.

Bijoymj · February 13, 2013, 4:09am

Bought EURUSD at 1.3480.

Wish me luck friends,

BIJOY

Hit SL within no time: -60 pips