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Thread: Full Time FX Trading

  1. #21
    Quote Originally Posted by ;
    For those of you that are more adventurous, a USDCAD short opportunity tight tight stops @ 25 pips. I am not carrying it because market is slow. picture
    UC



    About a 7-8 pip DD so much but heading down....

    I'm on it!

    ps. Stop will probably be reeled in after commerce progresses.... TP only above the 130 manage but unlikely to allow the trade run that far ... shall see!

    ...

  2. #22
    Quote Originally Posted by ;
    quote I may have quick short scalp once I actually receive a valid signal, not trading with a blindfold with this kind of poor liquidity.
    It seems there is liquidity there just that the bulls have taken charge again at this phase.

    -15 pips in DD at the Moment.

    Early days however you need to allow lots of breathing space for the transaction to develop.

    Right side of chart = good for entrance!
    Left side of chart = not so good .... Due to possible turning points based on chart arrangement (check it!)

    I liked the order flow with this pair its to the downside so what we're witnessing is simply a pullback before the pair takes off to the downside....

    Lets see!

    ps. CAD pairs are not what I generally exchange but this is a trial run .... Hold on tight!

    ...

  3. #23
    Quote Originally Posted by ;
    quote It seems there's liquidity there just that the bulls have taken charge again at this stage. -15 pips at present in DD. You need to allow plenty of breathing space to grow. Right side of chart = good for entrance! Left side of chart = not so good .... Due to possible turning points based on chart structure (check it!) Lets see! ps. CAD pairs are not what I typically trade but this really is a trial conducted .... Hold tight! ....
    On a short term of another fourteen days or so, I have a taste for eurusd longs. Contemplating that UC is I might prefer UC short. Depends on your trade's time period .

  4. #24
    Quote Originally Posted by ;
    quote It seems there is liquidity there just the bulls have taken control again at this stage. -15 pips currently in DD. You have to allow a lot of breathing space to grow. Right side of chart = great for entrance! Left side of chart = not so great .... Due to potential turning points based on chart arrangement (check it!) Lets see! ps. CAD pairs aren't what I usually trade but this really is a trial conducted .... Hold on tight! ....
    This 5M candle shall be the determinant of the direction of the following few hours. If we receive a pin bar or bearing engulfing I'll enter a sell trade with TP at 1.3060ish (situational to market move up to this stage). Currently the candle is in bearish engulfing territory but we desire a close like this for me to have enough confidence.

    Edit: Trade opened with stops at 1.3206 (quite tight). Price opened at was 1.31575. Good luck everybody.

  5. #25
    Quote Originally Posted by ;
    quote This 5M candle shall be the determinant of the management of the following few hours. If we receive a trap pub or bearing engulfing I will enter a market with TP in 1.3060ish (situational to market movement up to this stage). Currently the candle is in bearish engulfing land but we need a close like this for me to have confidence. Edit: Trade started with stops at 1.3206 (quite tight). Price opened was 1.31575. Very good luck everyone.
    UC



    Rolling over today .... Final candle has been a beauty!

    But if the bulls return and begin pushing price above the white DO lineup .... I will depart the trade quickly.

    I see absolutely no need to leave the trade nevertheless .... patience time!

    Luck plays no role here .... Watch the order flow....

    Lets see!

    ...

  6. #26
    Quote Originally Posted by ;
    quote UC image rolling over now .... Last candle was a wonder! However, if the bulls come back and start pushing price above the white DO lineup .... I'll leave the trade. I see absolutely no need to exit the trade yet .... patience time! Lets see! ....
    New low in short term timeframe broken into, I see as a market just in the next few hours. I believe we can be pleased by the appearance of this so far MasterrMind

    Another note, UJ has blasted though 120.5 resistance, if it closes we can see more potential upside to 103 area IMO. But careful with longs on UJ because my opinion is bearish in longer term.

  7. #27
    Quote Originally Posted by ;
    quote UC image Rolling over today .... Last candle has been a wonder! However, if the bulls return and begin pushing price above the white DO lineup .... I will leave the commerce. I find absolutely no need to leave the trade yet .... patience time! Luck plays no role here .... See the order flow.... Lets see! ....
    UC



    Now into marginally positive territory.

    Hip hip....

    ...

  8. #28
    Quote Originally Posted by ;
    quote New low in short-term interval broken into, I visit as a sell only in the upcoming few hours. I think we can be pleased by the appearance of this far MasterrMind Another note, UJ has smashed though 120.5 resistance, though it closes we can see more potential upside to 103 area IMO. But careful with longs on UJ as my sentiment is still bearish in duration.
    UC

    Yes the order flow I'm pleased with but there is a nasty support level in and around the 1.31400ish area that price is getting a lot of trouble dropping past.

    If price keeps hesitating at this level I may have to shut out the trade and await a better entry.

    Better entry in this case meaning after price discovers a way to drop below service.

    Just as write this I see price has indeed found a way to get under it .... Now we're cooking.... or are we?

    ...

  9. #29
    Quote Originally Posted by ;
    an interesting side point to note in all of this USD strength is that AUD has not fallen by far. 1 week has seen a rate cut in Australia plus a massive dollar strength but AUD has held its own. Point to note for those who wish to go on AUD.
    So now we see the potency of AUD as the afternoon progresses

  10. #30
    1 Attachment(s)
    Quote Originally Posted by ;
    quote UC Yes the order flow I'm happy with but there is a nasty support level in and around the 1.31400ish area that price is getting a lot of trouble dropping past. If price keeps hesitating at this degree I might have to close out the transaction and wait for a better entrance. Better entry in this case meaning after price finds a way to drop below support. Just as write this I see price has indeed found a way to get below it .... Today we're cooking.... or are we? ....
    UC

    decked out to get a few pips in profit.



    Price just doesn't need to drop hard below that 131.400ish level.

    Best option is to have some profit by shutting the order.

    Wait for another entrance or search for a different pair.

    When price starts to consolidate along with a support level the danger of allowing a transaction to run is that the bulls can come and take price up higher creating more DD .... Very best option is to get out!

    ...

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