I will be watching the following pairs tonight:
- aussie for long opportunity;
- loonie - long;
- kiwi - short;
- euro - short;
- swissie for short opp (but unlikely as I believe it will need to re-test 1.2453 first).
I am not opening any trades at the open and will make a decision on the above pairs as they show their direction.
5:20 pm EST. As expected kiwi gapped down driven by fears of new RNBZ interventions. NZD/USD lost 40 pips but I expect price to retrace back and then I plan to open a short.
5:30 pm EST. I am closing my last demo trade EUR/CAD with 80 pips profit.
5:50 pm EST. Loonie is getting very nervous... If it is looking for the breakout above 1.0689 it has to do it tonight.
6:10 pm EST. O.k. Long loonie at 1.0680. First target at 1.0750.
6:20 pm EST. Short kiwi at 0.7523. SL at 0.7572.
6:30 pm ESt. New demo trade - short chf/jpy at 99.36. Target at 98.78. SL - 99.81.
skip to main |
skip to sidebar
Blog Archive
-
▼
2007
(64)
-
▼
June
(57)
- 15 minutes
- Hi Tamara
- Evolution of a ruined trade plan
- Long USD/CHF
- Your ideas are welcome
- Trade summary
- Engulfing Aussie
- Support and resistance visualized
- EUR/CHF
- Just for fun
- yen again
- Update on demo trades
- Aussie
- Opening week June 24
- Weekly Summary - June 22
- New demo trade
- Eur/Chf Update - demo trade
- Support and Resistance
- Demo Trade
- Last trade of the week
- Retail brokers
- Cable @ 1.9850
- Week June 17th
- Jim's question
- Rocket Candles
- Brave New Stars
- thank you
- Week summary
- Patience is a virtue and something else
- Update on demo trades
- 14 June
- Discipline
- let's move
- Some arithmetics
- Euro in plural form
- Aussie update
- Comments allowed
- Cable update
- Eur/chf update
- Hello, new week!
- New plan
- Detective Tamkras
- Thoughts for the next week
- the week is over
- cable or euro?
- usd and other yen crosses
- my usd/jpy position
- interest swaps
- usd/jpy update
- swissie update
- Market is immune - Part II
- Market is immune
- For eur/chf shorts
- "Intra-day" comment
- USD/JPY is playing
- Swissie's triangle
- Musings on Sunday
-
▼
June
(57)
Our lounge
For invited traders is here - http://tamkras.blogspot.com. Please, send email to tamkras@yahoo.com if you wish to join us.
Copyright © 2007, Tamkras. All rights reserved. The information provided here is to be used for educational purposes only and should not be considered a recommendation to invest. There is substantial risk in trading currencies and commodities, therefore a licensed and registered professional should be consulted prior to making any decisions. For more information and for your protection visit www.cftc.gov. You are responsible for all loss incurred as a result of information used at this website. Your understanding and acceptance of this risk is signified by entering this site.
11 comments:
If you have a 180 chart, there is a lovely Morning Star ( Pin Bar ) with a long legged Doji in the middle. Check it out. Price is trying to move away from the 89 SMA. Just my 2 cents....
Jim
Sorry, Tamara, thats the USD/CAD
Hi Jim, yes I can see that. And thanks a lot for your charts you sent to me. I now understand your setup. It's great!
I guess I need to be more clearer, sorry Tam. But Im just learning.
Jim
Hey Tam, when it satisfies that T/P, what would be the best way to finish. Would you just let the rest ride with a trailer, or what. Somehow I just dont see the kiwi setup.
Jim
this is my trade plan for u/cad long:
1st lot - tp at 1.0750
2st lot - move sl to 10 pips below of the next day if ends higher.
the pair might still re-test the zone of 1.0640 tonight.
Ahh, another long signal for the Loonie. Bullish engulfer & 25 & 10 EMA are crossing on the 4Hr. How am I doing Tam,
Jim
Hey, Jim, you are doing excellent!My 1st lot triggered TP at 1.0750.
Unfortunately, I lost kiwi with 50 pips. These SL's sometimes can be so annoying! Price reaches them and retraces as if satisfied. Oh, well. Still, overall plus with winning loonie.
BTW, I am glad that my analysis of support/resistance for cable was correct. I am not happy I did not take the trade.
Maybe, I will add a chat feature on this blog to discuss online our trade options in the very near future. What do you think? Any ideas?
I think this is the most excellent thing I have seen. I am all for it. I, too, got my TP on the CAD. I surprised myself. Got to admit, I was worried when I went 40 pips in the hole on it. I guess that is what I got to get over. I am mulling over where to put my stop now, though. I moved it up to 1.0679, does that sound right because I could not understand what you meant by the next day. Anyway, its retracing now and hopfully it will determine a nice uptrend line with a nice wave pattern and we can add a lot and re-buy what we already put into our PIGGY BANKS, after retrace.
Jim
hey, Jim, doing great, aren't we? Anyway, there are 2 suggestions for moving the stop:
1). Move up 10 pips below break-even. Let's say I entered at 1.0680. For me it should be 1.0670 minus spread.
2). Since the price was lower yesterday after my entry - 1.0651 - move the stop 10 pips below, 1.0641, ie. The reason being it is the current day's low.
I am taking the second option.
Post a Comment