EUR.AUD

[arco]

Might be a nice shorting opp here once the cloud breaks.
(Red Box area).

arco

[peat]

has this come into play now re your ichimoku analysis Arco? looks like it has to me, tho I havent got that cloud viewable to me during the day.

[arco]

Hi Peat

Yes, its just broken below the cloud in the last hour and
I have now taken a position - short at 6488.

- + 6 at the moment.

(Eur.Yen now + 53.4)

regards -arco

[peat]

this was a pretty good call arco... i now have a +225 (taken early before confirmation) ; and a +91. but you take all the credit! and in demo thats all that matters really.

[arco]

I'm not just a pretty face y'know

[peat]

well i set limits on how far I would let this retrace and theyve both been stopp profit'd out now, not quite as good as what might have been.... but thats forex. a win is a win....

[arco]

Hi Peat

In a situation where there is already
a big win I often take a large percentage
off the table (circa 75%) and ride the balance
on a trailing stop.

arco

[peat]

shorted at 1.6499 , courtesy Max McKegg - kinda thought I was too late but gave it a 70 pip stop (which it almost ate up) but currently +60 will aim for 200 - stop brought down to 1.6525 now , wouldnt want a good trade to turn too bad.

[peat]

But in a different direction
again setting the buy order during the day and almost having a quick take but no, having to let it come back a second time during the night and offer me 145 pips for breakfast mmmm tasty

[arco]

Nice one Peat

How far /how are you calculating your stop on the overnight limit orders?
Just considering the risk / reward position.

rgds - arco



....Oh no I'm a LEG-END....shame, I really like being a GURU