BIG CALL - get rich trade

[4pipsSake]

Congrats mate, excellent entry !

Do you enter on limit, or some sort of resistance break ?

my view is banks are in trouble and that pushes gold up. As gold going up I am exiting position bit by bit. So I raise cash for next trading idea which can be as simple as buying gold back 10 % lower.

I am still at loss to explain failure of my signal. so, not trying to be smart.

Cheers,

On that trade I entered on a sell limit @2117.35. The trade had been sitting with a pending order for about a week. That's the 8th trade I've done from the same zone this yr.

Sometimes you can get the perfect setup and it just doesn't work out.

Attached it a chart of the GPBNZD short it did in June 2012. It ended producing 3500 pips. I was stopped out on the first entry, then went in hard on the 2nd entry up higher. Also got the EURUSD @ 1.3819 in 2014 I still hold a portion of that also.

 

[toolazy]

impressive discipline.

I simply can't keep it up. Last large trade I stuffed up was chinese market that shoot up from 2000 to 5400 or so. I was buyer at 2000 on dips. I picked up 15% pl only although had perfect plan.

Your method to exit part of position is good one that i started employing much more. I am now taking gold - gdx - small profits every 3.5% up. Just enough to keep me balanced. I dont get urge to exit as i already exited some and have no bias, actually. And can observe position much more objectively.

Hope this is formula for my brain. One would think after that long would figure that out,but no.

 

[4pipsSake]

I don't think you ever figure it out, just get better at it. With my exit strategy there is alot more going on than people realise. The psychology behind it is very powerful which you are experiencing at present. I always want to get into profit and protect myself especially on the scalping systems and futures, they move so fast. On the macro daily, looking at weekly charts for direction or a possible failure pattern to help decide on entry from daily chart. Using the longer timeframes you need bigger stops and have to give the trade more time to work.

 

[toolazy]

still lurking, signal not over. TL on weekly well and alive. Break of TL & above 80 will trigger major uptrend in AUD. AUD artifitially kept down. puppet owners running out of ammo.

 

[toolazy]

Today surprising strength in AUD. Broke below 1.6 gbp and below 1.45 eur.

Touched 80 in AUDJPY.

Once weekly TL broken in audjpy ( see above graph) will play traded in duration couple of days trades, with room for max 4 losses from latest account high. audjpy will correlate with all sorts of commodities, so will play also oil, gold, AU index, euraud and whatever fits

 

[toolazy]

TL broken, although not end of week yet.

Reassessed past price action and concluded signal is still valid. Expect audjpy to fly towards 150. Timeframe 2-4 years. Volatility and momentum will increase and will catch many off guard. Al the money sprayed to selected few in economy will cause significant inflation.

raw materials, product of AUS will outdo production genius such as Japan. AUDJPY = ultimate conflict in finance.

raw materials vs true work, property renovator vs intelligence, printing vs saving, etc.

 

[toolazy]

ha ! that is f*g hilarious!

i already opened new account for trading.

there must be real hate of audjpy above 80.

Anyway, new t/l drawn and will check back in, somewhere in the future .

 

[toolazy]

here ya go, just 1 day after all back.

that is immensly strong signal.

gl to everyone.

 

[toolazy]

after several weeks adjy creeping up every week. my balances have considerably improved, however I am greedy and will start trading it more short term, basically full time. Have to get my shortterm trading skills back to speed.

We are looking at start of massive moves in several markets that are currently ignored, which is exactly according to script. Screenshot attached for the record.

 

[doggyfx]

after several weeks adjy creeping up every week. my balances have considerably improved, however I am greedy and will start trading it more short term, basically full time. Have to get my shortterm trading skills back to speed.

We are looking at start of massive moves in several markets that are currently ignored, which is exactly according to script. Screenshot attached for the record. View attachment 168659

Should be something after ECB. IDK about AUDJPY I'm keeping short on Euro from 1.07