Discovering An Edge
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Thread: Discovering An Edge

  1. #1
    Scope:
    This trade journal is primarily for personal recording of commerce ideas and setups via live trades.

    Goal:
    I am stress testing a number of egies I am tailoring to my time requirements. Both are trend-following.

    Tools:
    At any given time these tools will be implemented and can include:EMA Trendline Breakouts ZigZag / Bollinger Band Concepts from Transience/Recurrence and Similarity Any fundamentals that I may be interpreting Variable/Fixed = Performance
    Discussion
    At this point, the journal is visible to people and people can comment. Should discussion break into some specific concepts worth carrying further I will continue them in different threads (if relevant) or think about opening a discussion thread. I would like to keep this journal like.

    Trade Explorers
    I won't have time in this point to have a Trade Explorer because I do not trade using MT4.

  2. #2
    Quote Originally Posted by ;
    AUDNZD I took a few pippage on this pair during the previous 2-3 months as weakness in Kiwi and Aussie take support. Announcement of rate cut for NZD has boosted the value of Aussie within the Kiwi. EMA Fan being divided by an impulse wave which has broken highs, signalling that a Change at Trend is shown by Weekly. image Seeking a Very Long Setup
    I Really like That word pippage
    I think It Ought to Be at the FX bible

  3. #3
    AUDNZD

    I took some pippage with this pair during the previous 2-3 weeks as weakness in Kiwi and Aussie take hold. Announcement of rate cut for NZD has boosted the value of Aussie over the Kiwi. Weekly reveals EMA Fan being divided by means of an impulse wave that has broken highs.



    Looking for a Long Setup

  4. #4

  5. #5
    Long Order: 11079, SL 1061.2,

    Projections:

    Method 1
    R = 18
    3R = 54 pips
    3R Price = 1133

    Method 2
    Price = 1121.7


  6. #6
    WEEKLY VIEWS

    EURUSD - Trend is DOWN with retracements that will signal the end of Wave 4. Speculation as to where Wave 4 will probably end ranges 1.14 to 1.18


    USDJPY - This is the obvious inverse correlation to EURUSD but focus has to be placed on the ramifiions of YEN rather than only USD. In my view, despite all government attempts, the Japan Economy is as bad as Europe's except it will create major electronics and vehicles to list a few.


    EURJPY - The bounce off 200EMA and 267EMA could indie a new impulse wave so will be looking for a response for new Longs.


    GBPUSD - The election spike failed to dissuade some underlying issues in UK economy despite recent favorable economic indiors. As for me, I believe that the sterling has some issues to climb and that I think that the DOWN trend will last. Not trading this at the moment.


    GBPJPY - I'm not knowing the fundamentals between this however, but obviously YEN is being swapped for GBP for a risk move from Japan. Perhaps to buy some London possessions! LOL


    AUDUSD - This has excellent long term potential as the economic recession in China is actually hitting the primarily mining established businesses of Aussie. As an myself, I'm not a supporter of this current government and that I believe Australia is responsible for some turbulence. Property bubble? The fact that the RBA is speaking down AUD is enough for me to SHORT this for quite a while. But obviously, it is a much better bet (LONG) against the Kiwi.

  7. #7
    Quote Originally Posted by ;
    Long Order: 11079, SL 1061.2, Projections: Method 1 R = 18 3R = 54 pips 3R Price = 1133 Method 2 Price = 1121.7 picture
    Order triggered, stopped outside -17.8
    SL may have been too tight.

    Re-entered LONG 11063, SL -50, TP as above.

  8. #8
    15M

    Scalp SHORT EURUSD 1200, TP 1177, SL BE Today 5

  9. #9
    Quote Originally Posted by ;
    Scalp SHORT EURUSD 1200, TP 1177, SL BE Today 5
    SL hit
    London Open above Asia Open... Seeking an up day.

  10. #10
    5M

    Long EURUSD
    11237.5
    SL 11221
    Projection 1 : 3R

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