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Hi DA Hey sorry for slow reply hadnt seen your post!Well done on the overnight trade,i lack the necessary skills hence my wider stops etc to catch these lucrative short term movements
I am mostly a medium term trend trader so i missed out on the overnight drop in the KIWI and AUD
my entry is a 20 day breakout same as Donchian channel which got triggered
today .7808,i also look for confirmation on cci rsi and major support resistance levels etc
so today am short Kiwi.7808 and Eur 1.3517
Attachment 3688
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Still short EUR AUD/NZD and kiwi , Kiwi in the money at present eur under water and aud/nzd about break even .i only ever risk 1 and never more than 1.5% per trade with a 150-200 pip stop to give it as much room as possible if need be,just got to be patient ,i will eventually be stopped or in the money,the market will decide!
cheers
roddy
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Update on trades got stopped out on short aud/nzd, holding short still on EUR, NZD and Short the cable. Up around 320 pips at present ,however it varies between that and 220 pips will keep holding until my trailing stop gets hit
Ticket # Symbol Date Bought Sold
07244592 GBP/USD 11/14/11 7:10 PM 1.58981
11/20/11 7:12 PM 1.57685
07245626 NZD/USD 11/15/11 4:02 AM 0.77165 0.00
11/20/11 7:12 PM 0.75521
07245636 EUR/USD 11/15/11 4:07 AM 1.35531 0.00
11/20/11 7:12 PM 1.35268
cheers
roddy
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Hi DA was reading Jamie Seattle and he saying AUD/NZD since March the count is 5 down 3 up would that mean that it may drop from here?
shorts on gbp nzd and Euro coming along nicely in the black 550 pips total as of this morning
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hi roddy , yeah im back short , im trying to set this one up as a medium term position.
the probably is you have to give them a bit of space to breathe , last postion was up 150 at one stage but got stopped out at b/e.
on the positive side im in at a better entry than previous trade.
currently short caterpillar, gold, oil . just cant get into kiwi as its not retracing at all , looks pretty terminal.
i got stopped out at breakeven ( loss with commision ) on dow trade.
i am holiday at the moment so will post charts later on.
your looking good rod with your trades , well done.
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Have a well earned break DA
Gold is looking interesting with an uptrend line break and the 14 per cci picking up divergence both on the daily. thinking your short entries will be somewhere near the highs
cheers
roddy
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hi rod , im trying to get some medium term shorts going on gold , oil , aud nzd .
so far so good but im anticipating a retracement which hopefully will not catch stops which are at b/e.
thanks rod