Baruch's Forex System Journal

Status
Not open for further replies.
yes, the trend is definitely positive & has held up well from last weeks step up....I missed the 8300 & 8400 entries due to the time zone in which they ocurred. But, I catch as many as I miss, and don't chase trades, so it all balances out in the end.

The intraday strat is just a simple play off overnight channel (asian session) breaks...and usual technical observations (s/r reversals...fibs...flags etc). I use the 1 & 5 min frame with the 2 ema's (8&5) and 21 ma as a confirmer. With the ranging/trending behaviour of the cable, opportunities exist to take pips off the table during the session, with the objective of leaving a couple lots 'live' at a b/e stop looking for a larger move to materialise....they do signal multi opportunities, but I filter them according to the technical info at hand.

it's signalled a long (current trade) off the supp reversal at 8440, with an intial target back to the high's....once again, I'll scale out leaving a couple lots in (with trail stop) to test the move north, should it decide to play ball!
 
Quote from Buk:

yes, the trend is definitely positive & has held up well from last weeks step up....I missed the 8300 & 8400 entries due to the time zone in which they ocurred. But, I catch as many as I miss, and don't chase trades, so it all balances out in the end.

The intraday strat is just a simple play off overnight channel (asian session) breaks...and usual technical observations (s/r reversals...fibs...flags etc). I use the 1 & 5 min frame with the 2 ema's (8&5) and 21 ma as a confirmer. With the ranging/trending behaviour of the cable, opportunities exist to take pips off the table during the session, with the objective of leaving a couple lots 'live' at a b/e stop looking for a larger move to materialise....they do signal multi opportunities, but I filter them according to the technical info at hand.

it's signalled a long (current trade) off the supp reversal at 8440, with an intial target back to the high's....once again, I'll scale out leaving a couple lots in (with trail stop) to test the move north, should it decide to play ball!
More...

Buk,

Yes, that's a problem - getting and trading all the signals, because we have to sleep some hours...That's why I am interested in a alarm or a robot. What about you?
 
:) I'm not too concerned about missing the odd entry Baruch. It's not as though the move is gonna sprint away too far without being able to hop on the trend for the ride!

There are usually various clips on the chart which provide an entry into an obvious trend, and the majority of mine evolve from entering via the strat I use.

As I said, I miss the odd opportunity to 'add in' or initiate a trade at the 00 number occasionally, but such is life!!.....there's always another opportunity waiting if you're patient enough :)
 
Quote from Buk:

:) I'm not too concerned about missing the odd entry Baruch. It's not as though the move is gonna sprint away too far without being able to hop on the trend for the ride!

There are usually various clips on the chart which provide an entry into an obvious trend, and the majority of mine evolve from entering via the strat I use.

As I said, I miss the odd opportunity to 'add in' or initiate a trade at the 00 number occasionally, but such is life!!.....there's always another opportunity waiting if you're patient enough :)
More...

Buk,

Yes, you are right.
 
Hi guys,

Baruch, you were asking about how I play support and resistance levels. According to my calculations (which may be WAY OFF, lol), I see a major top in EURUSD coming up here somewhere between 12300 and 12315. I would consider this one worth playing with a 20-pip stop. If it hits the stop, I would consider a reversal at that stage.

I do not advocate that anyone follow this -- it's not a "tip from a guru", just a trade idea of mine that may or may not work. We'll see!!
 
Having entered @12300, I'm taking partials (1/3) @12270 (this is futures), with an eye to add them back if/when price returns to 12300 level.
 
Quote from FX_Cowboy:

Hi guys,

Baruch, you were asking about how I play support and resistance levels. According to my calculations (which may be WAY OFF, lol), I see a major top in EURUSD coming up here somewhere between 12300 and 12315. I would consider this one worth playing with a 20-pip stop. If it hits the stop, I would consider a reversal at that stage.

I do not advocate that anyone follow this -- it's not a "tip from a guru", just a trade idea of mine that may or may not work. We'll see!!
More...

Hi FX Cowboy,

Resistance? Yes, there is a old top around 12300, so this could be a double top? Do you sell resistance and buy support? Or buy/sell the break-out's?
 
Quote from FX_Cowboy:

Having entered @12300, I'm taking partials (1/3) @12270 (this is futures), with an eye to add them back if/when price returns to 12300 level.
More...

Good call. There should be a lot of options expiring very soon around 12300, so maybe we will get back again? Why do you use futures?
 
Status
Not open for further replies.
Back
Top