G-unit pimpin on forex

[ecology10]

Originally Posted by ecology10

Buy Order EUR/USD
@ 1.2806
S/l 1.2780
T1 1.2860
T2 1.2900
T3 1.2935

* as i always move the stop-loss above my postition (when in profit). I was stopped out at +5pip profit. Ohh-well at-least its not a negative sign.

The prices touched 1.2850 area traced back in the late US session due to expected weak Ifo Data Europe. However If 1.2780 holds till Europe opens longs can expect some play.
As US has pushed it down enough for the p to side-trade for couple of hours. However Euro seems to be underpressure before IFO data comes out. If weaker than expected EUR/USD will test below 1.2700
If as expected EUR/USD will test above 1.2700
If stronger than expected EUR/USD will test 1.2900



No positions taken holding gold due to weaker USD Potential Iran sanction is making buzz in the market. However I do see dips before Gold heads north.

[kenari05]

Originally Posted by ecology10

* as i always move the stop-loss above my postition (when in profit). I was stopped out at +5pip profit. Ohh-well at-least its not a negative sign.

The prices touched 1.2850 area traced back in the late US session due to expected weak Ifo Data Europe. However If 1.2780 holds till Europe opens longs can expect some play.
As US has pushed it down enough for the p to side-trade for couple of hours. However Euro seems to be underpressure before IFO data comes out. If weaker than expected EUR/USD will test below 1.2700
If as expected EUR/USD will test above 1.2700
If stronger than expected EUR/USD will test 1.2900



No positions taken holding gold due to weaker USD Potential Iran sanction is making buzz in the market. However I do see dips before Gold heads north.

where is ecology? why not continue this good thread

[ecology10]

hi kenari05
I was away for a while college take a lot out of you. When I finally came back the thread was the same way I left it. I wanted a more interactive thread so I shifted to the general trading forum. However that is no different this one. No one wants to indulge in constructive appraisal or criticism; this one-way communication isn’t working for me. But I guess this is Money Tec know for its silent readers. Currently I am looking for web-developers so that I could go ahead make a website which will provide free service to all. Services will include latest news different sources our speculation weekly-monthly fundamental reports charts more. Our revenues will be generated advertisements not by the service we are selling which is free. But anyway currently I post speculation on off in general trading forum > Dilemma of trading.
Thank you kenari05 for suggesting its a good thread.

If any web-developers interested in working with me; making this site PM me.

[ecology10]

Originally Posted by mosad2

I missed the move on both Gbp/usd Eur/usd
coz I dont like to hold positions overnight
I think I have to change this rule

Sorry to reply so late you must have changed that rule quite a long time back.

But what it’s worth. In my past experience on few occasion I found my position taken out because I held the position overnight on the eve of major news the market decided otherwise. Best solution to hold intraday position overnight is with trailing stops. However one has to carefully calculate the trailing stop.

[ecology10]

1st Scalp of the Day
GBPJPY
Long @222.08
T1 222.20
T2 222.30

-- 1pip Blog --

[ecology10]

GBPJPY
Long @222.08
T1 222.20 +12 (CLOSED)
T2 222.30 +22 (CLOSED)

-- 1pip Blog --

[ecology10]

No trade for today off for the weekend
Upcoming scalping opportunities (plenty)

AUD PPI (monday)
EUR Ger IFO (Wednesday)
NZD Trade Balance (Thursday)
JPY CPI (Thursday)
USD GDP (friday)

Will post for each trade at the time of entry.
While scalping moving s/l above price when in profit is very important.
1 pip a day = 240 pip a year

(so far +49 pips)

[ecology10]

AUD PPI (Monday) better than expected; sorry did not post any trades. To be ht I did not trade on the news.
Later realizing that AUDJPY could touch 91.00
I went long at 90.35
currently -4pips
this trade is more optimistic than calculated risk. (NOT A SCALP)
Its duration is 1 week.
I say it’s more optimistic because
A) Full Stoch (on 1 day 3 -hr) are overbought.
B) Its Yen cross which has come under scrutiny because of carry trade speculators.
C) Possible rate hike in November.

Watch AUD CPI this week.

It should go into my ‘Dilemma of trading’ thread as I have decided to keep this thread for short-term trade’s A.K.A scalping trades. However I felt that PPI triggered my trade which was meant to be a scalp which I missed instead got into this long-term trade of 1 week.