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EURUSD 6E Euro
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EURUSD 6E Euro

  #1831 (permalink)
loeser
Belgium/Antwerp
 
Futures Experience: Beginner
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loeser View Post
Closed all positions and I tale a little short. now. 1.2990. SL at 1.3010

Good luck . 145 pips.

Stopped out.

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  #1832 (permalink)
Elite Member
Miami FL USA
 
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Bharatiya View Post
Hi Cashish

How are you doing? Anything new from old school.....

I'm doing O.K.

Anything new? Here's some Random Lines from yesterday's chart. NO, I didn't buy the Buy Number, I tried, but it was just to damn fast. Man that market moves fast when there's no liquidity to slow things down. I've been trading the December contract all week and couldn't figure out why my NT chart was still showing the Sept contract, I just figured it out this evening so now I can post a trade.

This chart shows yesterday's S/R & Pivot lines. Price hit the 1.3000 level and stuck like spaghetti thrown at a wall. During the Asian Session price hit the X2 Sell Number of yesterday and began to "walk the line" (+2SD of VWAP) toward TODAY'S Sell Number. The second Chart is a two day Volume Profile, the Value area is sitting on the -2SD level of the VWAP (1.3007) I would be tempted to short this market after price churns around '50 for awhile and begins to show some "Southerly" direction, (if ever).

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Last edited by Cashish; September 14th, 2012 at 04:57 AM.
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  #1833 (permalink)
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Looking back at the Previous QEs, I'm just say'n.


These are dailies of course, sorry about the weird bars.

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  #1834 (permalink)
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FX Euro

Played the breakout to the most recent high +14.


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nosce te ipsum

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  #1835 (permalink)
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Hi Cashish nice levels as usual.

I am done for the week. This movement is beyond my understanding....... charts are suggesting higher levels but mind is telling me how high it can go on just false hope , free money & contradictory speech of this fed guy??

Take care

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  #1836 (permalink)
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Bharatiya View Post
Hi Cashish nice levels as usual.

I am done for the week. This movement is beyond my understanding....... charts are suggesting higher levels but mind is telling me how high it can go on just false hope , free money & contradictory speech of this fed guy??

Take care

There's your problem.......

Don't try to make sense of any move, just trade it! IMO, it's not the strength of the Euro, it's the weakness of the dollar $.


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  #1837 (permalink)
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Just for fun, GANGNAM STYLE
Thanks BM




http://blogs.wsj.com/korearealtime/2012/08/03/whats-up-with-the-gangnam-style-video/?mod=google_news_blog


Last edited by Cashish; September 14th, 2012 at 11:54 AM.
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  #1838 (permalink)
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FX Euro:

I am done for the week: +76 ticks. 7 winners 2 losers. Could have done better this week letting some winners run and moving stops to break even. Still pleased with the results though.

Robert

nosce te ipsum

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  #1839 (permalink)
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Silver Dragon View Post
I have to work on my exits.

I bought the breakout down and the price went down and hit my price (see blue line) but did not get filled. I am a little too precise on the exits. On the one hand the channels I am drawing are correct and price is bouncing where is should but I have to learn to move it up a little in order to get filled.

I moved the stop down above the upper channel line. However, I now thinking I should have moved it to break even when the price was touched.

@Silver Dragon

I wanted to comment on this trade and taking profits. I believe knowing when to take profits haunts traders continuously. I like "precise" but not getting filled is a bummer. So my questions (you need not answer on the thread) are about the target and not the stop. Some considerations are, how long was your order sitting on the target? I see you're trading 30m bars, was your buy order sitting on '83 for an hour, 45m, 30m or 5m? I don't know how the FX market works but in futures it's "first come first served" so the sooner you place the order, the higher up in the order book it resides, the higher up it resides, the better the chance of getting filled. Another consideration is order type, Interactive Brokers have over 20 order types of FX and more than 30 for futures. A common order type is, market if touched, if '83 is touched your order becomes a market order, and gets filled. This might be one reason we often see price hit a significant level and retreat back a few ticks and rotate for a spell, just a thought. I'm sure you've been around the Euro long enough to know the significance of "20s and "80s. When Price rotates around a whole number like 1.2900 in your case I expect to see rotation 14/16 points above and 14/16 below that number, just what this market did for more than 5 hours, prior to the "Fed Release" a few hours after your trade. Lastly, is your B Bands, I don't know your settings or how they behave with 30m bars but just looking at them on your chart would tell me not to expect "much more" of a down move. Of course I have the luxury of hind sight, but I do know this market a bit and with the observations I just posted I would have been all over taking profit any where under '86 (14 points below the whole number 1.2900). Knowing what order types are lurking in the markets can be very helpful in situations like the one you posted, here's a link to IB's order types you may find it interesting.

http://www.interactivebrokers.com/en/p.php?f=orderTypes



I'm posting a 1m chart, (of the 6E, sorry, I don't collect FX data) that shows the price movements as it approached your target and rotated.

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  #1840 (permalink)
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i keep asking NinjaTrader when they are going to program in a limit-stop order into their software. Every time I ask, they say "oh you mean a stop-limit order" but I don't. I want to place a target order that puts a stop order in. I seem to be the only person in ninjatrader's support forum who thinks it's a good idea.

Shame that NT haven't programmed some of the IB order types. Guess it's a big ask.

You can discover what your enemy fears most by observing the means he uses to frighten you.
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