edumas2

edumas2

I actually don't have a clue if it will go up a bit before going down or if it goes down first for a bounce... This is why I have 3 scenarios. The diagonal down is a bit steep and a bit close. "They" know that some dudes have noticed the diagonal. I would not be shocked to see a spike through the diagonal into my second scenario of a bounce a bit higher up that...

edumas2

This one could bounce on the black like or just a bit under. I usually go 1/2 position on those countertrend bounces.

edumas2

It is never possible to know exactly where and when the market will turn but here are my 2 areas I am looking for. BTW I trade mostly on the daily. I am not a day trader I will cash in a 100 pips move on short order if there is a sudden pop. By the time I am 80 to 140 pips in a trade I usually bail out though I can often re-enter later if there was a...

edumas2

I am looking for two potential bounce areas. See tip of black lines. 1/2 position for each I am not on the pip for entries but I like to enter a few pips ABOVE the pivot. If you are on the pivot and there is a small touch only before the reversal, chances are that your broker won't trigger your trade. Happened to me plenty of time.

edumas2

Waiting for price to drop in my zone around the yellow circle. 50% position.

edumas2

My support resistance areas for a first shot. I am going short 1/2 position if it goes to resistance and 1/3 position long if it goes to support as it is against the trend.

edumas2

I am looking at the DXY for a signal to take a second short in USDJPY. For the record, I already took a position in which was a bit too early. However, I sized accordingly and my stop is far from the current battlefield. Keep in mind that DXY is also affected by the EUR, GBP, etc. This could affect the timing a bit. Same if the Bank of Japan decides to get very...

edumas2

Long in account A while using account B for my stop. For the record, i just got in 10 pips ago.

edumas2

Short for Plan A in account A. If it goes against me too much, Plan B kicks in in account B. Same broker. Just a hedging technique. JPY pairs are very explosive these days as the Japanese central is intervening a lot in the market. I am in no hurry, I want this one to come to me. Spikes are welcome.

edumas2

Long Plan A - taken in account A Short Plan B - if trade goes South big time, trade B triggers in account B, my sliding stop account. Account A is 4X the size of Account B.

edumas2

Long with long stop. Second trade ready to be used as a "sliding stop" if EURUSD blasts through support. Long is in account A and sliding stop is in account B with the same broker. All the best to everyone for the coming week. Let's get some pips.

edumas2 Updated 

I had a very solid week and the market will close in a few hours so I am picky. I want it to drop on my lap. If we would start the week I might have initiated a small position at the 33 % fib. I do not need the fibs at all to trade but like curry, salt and pepper it can be useful here and there for confluence. That being said I respect fibs and I do understand...

edumas2

For the record, I got in manually when price touched the descending trendline.

edumas2 Updated 

Going long here with my mega stop-loss in account A for the long side and my hedging stop in my secondary account for the short. Bank of Japan is rumored to be heavily in the market so i DO WELCOME any savage spike. Those spikes are the breakfast of champions while they are the nightmare of traders using tiny stops. Stop hunters? Please come in... Note: I use 2...

edumas2 Updated 

I am using a long in my second account instead of a stiff, sitting duck stop Sitting Duck Stop=best friend of banks and brokers.)

edumas2

Short AUD USD with a flexible Long stop in account #2 as a sub for a stiff stop.

18:39

edumas2

This is intended mostly for those unable to make money in forex due to the fact they don't have a NTZ or No Trade Zone they can spot 10 miles away on a chart. It is too easy to look at a chart to see where we could apply one of the 15 new set-ups we learned in the last two weeks. Trading is just like music. Not all notes sound good against certain chords....

edumas2

Well, ask me in about 2 weeks and I will give you a certain answer. Price pushed out of range this morning after 3 decent size days of selling. Got back within the lower limit of the 30 Linear Regression channel. Buyer's showed up. Got in at $37.05. Not a bad company, making money but members of the retail group are not too popular these days.