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[popoola]

Moved stop to 1.8615

[popoola]

Nothing much has changed. We are still holding in profit. New chart below:

[popoola]

Closed out @ 1.18640 (-26pips)

[popoola]

Back in at 1.8665 stop @1.8630. Market still remained bullish. Even though the ISM was yet to be published the maket had retraded the reaction to the first report thereby showing strength.

[popoola]

Exited @1.8735 (+70pips)
Now the top @1.8690 is broken there is scope for further travel to 1.88s

I will look to buy around 1.8690 -1.8710 looking for a move to new highs

[bnotes]

hey pop,

do you think that you can show us the chart so that we can get a visual on that last trade. and also the future posts..


thanks...

[popoola]

Hi BNotes

Thanks for coming to my thread. I will show the charts of my future trades. The last trade in the BPound was a result of being double minded. I also follow the 'elliott' forum and the 'sell euro' forums. They all predicted doom for the euro ie a catastrophic drop for the euro. I got fidgety as I was long!. These guys are more experienced than myself and I thought I'd better set a tight stop. The stop got hit but the market didnt tank so I got back in. In fact I got in before the second slew of reports determined to follow the system through. The market moved in my favour but was prematurely exited by another profit order that I'd forgotten was there. That is why I'm waiting for a retracement to get back in

Many lessons here. (1) Follow your system and
(2) the gurus can all be wrong in a big way.

[popoola]

BNotes as you know I trade the 'ICWR Long Term Trading'. There is a Short term ICWR strategy as well. Trades here can last from minutes to days. The equivalent in the long term version is days to weeks. Usually if you can hold through the twists and turns you will end up good. Whenever I take the short term signal I will post a chart

[branac]

Originally Posted by popoola

... I also follow the 'elliott' forum and the 'sell euro' forums. They all predicted doom for the euro ie a catastrophic drop for the euro. I got fidgety as I was long!. These guys are more experienced than myself and I thought I'd better set a tight stop. The stop got hit but the market didnt tank so I got back in. .
Many lessons here...

Yeah, I was also following that thread. They predicted a big fall one or two months ago ... I shorted euro and lost big money. Since than I am following my system and things are much better.

Originally Posted by popoola

(1) Follow your system and
(2) the gurus can all be wrong in a big way.

Ecactly

Are those ICWR systems free? If they are, I would really appreciate if you can give me a link to the documentation.

Thank you very much,
branac

[popoola]

I have some long term charts of the Euro, Pound and the Swissie.
I believe we are at crossroads at the moment and a resolution is imminent. Wherever we resolve to I hope it is in the direction of positive carry trade so that we can hold on for a very looooooooong time. They are simple charts and I have perposefully kept them simple as in the the K.I.S.S jargon

This long term trade will suit the ICWR Long term Trading plan well. Do we have the patience tho hold on to the very end???

[popoola]

Went short Loonie @ 1.1265 stop @1.1305.

The actual entry was @1.1280 but the market was too fast for to get in at the right price. This increases my risk but I am willing to follow it. At some point the dollar will rally so tight stops are required

Chart below:

NB: This trade was taken according to the ICWR Short Term Strategy

[popoola]

Moved the stop to 1.1280. Very tight. The Pound and the Euro are also strugling to advance against the dollar. I think a bit of consolidation is in order here. Consolidation is not good for the ICWR trading system. So I will pop back into pivot trading if necessary. Chart below

[popoola]

The Loonie came close to the stop @1.1280 but has since then baccked off to 1.1263. We might get hit but we might also go down to test the lows @ 1.1245.

Chart below

[bnotes]

hey P,

Your thread/journal is looking good man. keep it up i'll be in and out. Trade like a robot. The system knows best, subjective imput will upset your system .. dont disturb it.

Eze

Remember, Wisdom is the principal thing...

[popoola]

Covered the canada @ 1.1235 (+30pips)

THe dollar is showing some strength at the moment. And the much awaited slide in the euro has sort of started. It will take a while for the ICWR System to go short on the euro so we wait....