set trailing stop, min profit on this short is 25, if she keeps running down,
TS (trailing stop) will move down, otherwise if she moves up I am gauranteed 25 pips profit.
williams R now -87 on 15M still heading down.
I will buy a long @ market
as TS continues down. waiting for it to hit then I buy long @ market
I bought a long@ market @ 142.30 and cancelled the pending order to buy long @ 142.00.
Looking to get short again on the next run up.
This is what I do all day which has yielded 2430 pips this week.
But I expect a bullish day today.
Now would be the time to get long @ 142.00 at least with ONE!
She is getting ready to zoom up here for a bit.
I will share some inside info with you guys later.
Art, M2P, Al, I sure appreicate your input. You are all obviously experienced @ forex.
Maybe I should do some further explaining later if I get time for the newer forex traders related to trends and all that jive. I am by nature a scalper and cannot get this patience thing down. Carry trade guppy is paying about $10.70 interest overnight on a standard lot so that is all good. I can collect $10 on each lot until the day I die
The trend is indeed your friend. But I play counter LT trend and scalp the ST and MT trends in the course of the LT trend being opposite to me.
I will continue to hit her for a short here and there. On the run down to 137ās I got long the whole way adding longs against the LT trend, and obv iously it panned out as I have had a banner week.
I am sitting with only 4 longs feeling very good.
It sure looks like this is the place to load up on some shorts
as she is getting ready for a fall is what my 4H chart is telling me.
This is LT for me the 4H I dont care about any daily, weekly monthly
sorry ART and AL.
The secret to life in contained in the NOW.
Attention HERE and NOW. You can only HAVE oders filled NOW.
Now is NOW NOW. And NOW is even NOW now. donāt be fooled by some commie dream of future utopia while the manipulators rob you NOW,
while you imagine or look to the future.
The future does NOT exist, nor does the past.
NOW is the only time you can have your order filled.
Downward movement confirmed, we may make new lows before the day is over and I could be wrong about a bullish day as the 4N is screaming at me SELL SELL SELL.
so take your pick but know you can only have your orders filled RIGHT NOW.
or even right NOW. Now is all you have.
There are only two days I am not the least bit concerned aboutā¦
Yesterday and tomorrow, I kid you not when I say the secret to all things in life is contained within this moment. This moment. Now this moment.
Think about it!
My shorts are all gone perhaps I should add at leaST ONE THAT would be the smart thing to do. as my account is up almost 25K for the week you think I can afford to get short NOW? I cannot afford not to get short NOW!
Ok I picked up a short at 142.10 and will hold it for NOW, setting a TP of say 140.00 and when it gets into profit by at least 25 pips I will add a trrailing stop to secure my profits.
So I am hedgeing eh?
long at 142.30 and short at 142.10 Either way I will get her. As she cannot stay in that range all day :L)
[B]āThe distance between insanity and genius is measured only by success.ā
Bruce Feirstein[/B]
I have already added the trailing stop on my short assuring me of 40 pips profit ATM.
I just cant seem to be patient and go short LT even though obviously the LT trend is down.
I am just a scalper :eek:
I cannot take all this excitment! HEH
trailing stop continues to ratchet on down
and she is still heading south.
I hope the patient folks following me are able to squeeze more out of guppy.
But at this point it should be clear how I have nailed her for so many pips this week.
I dont have any jobs, what else is there to do but watch guppies every move?
my butt hurts, I need to buy a better chair, thanks guppy!
adding a long at 141 when she gets there, then adding TS at that point to lock in profits.
uNF uNF! GUPPY!!!
But she could trick me and head back down to test 139.40 we will see all my shorts are closed and am only sitting with longs ATM
current profit for the week is an astounding 2818!!!
another long closed, for a profit, I should add a short but wont!
so I decided to add a short at 141.80
I also added another long at 141.80
I added another short at 142.00.
so now I have 2 shorts one at 142.00 and one at 141.80
and still holding from wednesday 3 longs @ 143.79 144.81 & 145.99
those longs earned 41.90 in +swap EACH not counting today which should add about $10.70 of +swap.
I am feeling very good about this week and net pips of profit for the week is up to a remarkable 2850 (two thousand eight hundred and fifty) PIPS PROFIT!
I am having a hard time believeing this myself too bad I am still on demo ARG!!!
If she gets up to 143 I have order set to sell!
Bearish Divergence on WIlliams R leads me to believe a fall is coming going into the close!
heading into the close I have made sure all my 5 orders 3L/2S have TP targets set as pending orders to close them for a profit at 100 pips in case there is some funny business as usual on Sunday. Also I am NOT using SL orders. I donāt recommend trading without STOP LOSS orders unless you are trading with money you CAN AFFORD to LOSE!
But I bet on Sunday some of my orders will hit their TPās.
I will lose a few bucks on 2 Short orders on the negative swap unless she falls hard into the close I wont close these.
Donāt let her fool you though she is coming down againā¦either today heading into the close or on Sunday she will fall BEFORE open, or early on, OR overnight heading into Monday. I suspect some funny business (if you know what I mean) before Mondays market open at NYSE and/or CBOT.
I would be thinking that there will be a gap UP over the weekend - maybe to 146 - 148. Iāll be looking load up shorts above 145 with profit targets below 139