By travpip at 2009-10-07
By travpip at 2009-10-07
entered way too early anticipating down move stopped out. rentered where i should of taking first entry at fridays high and at the top of the descending trend line on 4hour.
By travpip at 2009-10-12
By travpip at 2009-10-12
im short as well, entered a bit early too, but it didn’t break trendline so i wasnt stopped out. good luck!
when new pivots came out price already below CPP on the daily a pin bar seemed price would go down. Very slow going eventually broke through yesterdays low and took pips off table once price reached S1 (50pips)
initiated long position anticpating break of resistance at around 143.15, went back to the day job and was clearly wrong, when i later returned - should of waited for the break and retest - but i have a day job. Price shot back down in Japanese session from the resitance and eventually found support around 142…
Wasnt able to revisit the computer to end of my working day and realise the mess i was in.
Liquidated the position despite still feeling price was going to go up to R1 pivot for the day which eventually did at close of london session. Made back lost pips but not all the money…there are always lessons
Would of made profit for the day if held onto the original position.
By travpip at 2009-10-14
By travpip at 2009-10-14
I hope you post the signal as soon as you trade so that other can make you of it.
no signal here. I just look for trending momentum and ideally between the daily pivot points with room for price to move too.
Strong trend had formed since price 142, and has broken through the descending trendline on 4hour chart and resistance at 142.7 and 142.9.
When the new daily pivots came out price was already above the CPP and was likely to continue up atleast to R1, with the daily/4hour/and 1horly chart all indicating rise. After the initial spurt during asian session price then consolidated and made the rest of the move up in early euro session.
It may go up further, might not too, if it can break through the 30th September high then may continue up to 145.5…maybe…
By travpip at 2009-10-15
By travpip at 2009-10-15
the pound bulls sprung into action with 500pip day price consolidated during us session and gap time before asian session - waited and grabed 40pips on the breakout.
trending momentum = highest probabilty risk reward trade
By travpip at 2009-10-15
By travpip at 2009-10-15
3 trades.
[B]First trade[/B] entered to early still in gap time retrace - took a 40pip loss.
[B]Second trade[/B] entered when jap session came online and players started executing there orders driving price down to low for the session +70pips.
[B]Third trade[/B] waited for london session to beging indicators were pointing to the future being down, it looked the obvious play.
Entered and had to endure a couple of 30 odd pip pullbacks before price eventually reached my target being S1 and 55ema confluence.
By travpip at 2009-10-19
By travpip at 2009-10-19
After yesterdays big move price started out above the CPP when the new pivots came out - price tested previous day high during asian session then broke through at the beginning of the euro session.
Took my pips off the table when priced stalled around 151.9, price since retraced down probably wait and see now till the next red flag news coming up in couple of hours time. Standing aside waiting for the next setup to come along
By travpip at 2009-10-21
By travpip at 2009-10-21
Price had been consolidating at higher level during second part US session and gap time. New pivots came out and price already above CPP the start of asian session strong momentum cut through previous day high and first target being R1, i was looking for 152.7 price stalled around 152.5, took my pips off the table and standing aside till uk session.
Trending momentum = highest probability risk/reward trade.
By travpip at 2009-10-22
By travpip at 2009-10-22
the economist got it wrong, as they were predicting a return to growth for the UK and traders had been pricing that in the last week or so, then BANG, growth still contracting = result 100pips in about 15seconds, 200pips in half an hour, i couldnt get my order processed quick enough, got the second part of the movenemt down to current floor being S1 and 55ema were i took my pips of the table. That will do me for the week, price might go down to S3, might not too.
By travpip at 2009-10-23
By travpip at 2009-10-23
Flag formation, on hour chart, high probability of a continuation, broke out of the consolidation range start of asian session, first target being 149.5.
Trending momentum = highest probabilty risk/rewrd trade.
By travpip at 2009-10-25
By travpip at 2009-10-25
