Trades by huskins
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Thread: Trades by huskins

  1. #1
    Hello

    In order to disiplen itself , and so that others can perphaps benefit from my analysis I will try to post my transactions every day by roughly 1-2 AM EST with corrections No later than 4 AM EST..

    Euro/USD:
    Buy @ 1.1863
    SL @ 1.1835
    Target @ 1.1917

    Rationale, :
    On the daily chart:
    See a favorable Divergence on the daily chart on MACD. Price very close to a Trnd line support level of 1.1852

    On the hourly chart
    we've got a downward trend, no matter how the Down trend trendline resistance is at about 1.1920 at the momnt, Thus I would like to exit in front of a break / rebound of the trend line.

    When it breaks down the TD resistance will try to go long again, If its a bounce will try to go short.

    On the 15 Mint chart
    We've got Macd Poistive divergence.

    Euro/JPY

    Buy @ 139.68
    SL @ 139.19
    Target @ 140.35

    According to :

    TD break on the hour chart
    Macd Div onto 15 mint
    TD break on 15 mint.

    Entry relies on retest of those broken trendline, which should now behave like support.
    SL relies on 10 pips under another piviot point
    Target relies on Trend line break price projection .

    USD/JPY
    Sell @ 117.80
    SL 118.21
    Target 117.08

    Rationale:
    Very close to a restant tip on the daily chart
    Double top onto the hourly and the 15 mit chart.

    Entry of 117.80 will probably be at the (3) stage when the price will try to generate a 1-2-3 top after a double top.

  2. #2
    All 2 of my 3 transactions attained thir expected targets , however I had been too conservative on the entry hence w3e couldn't convert the ideal quote into pips


    We are currntly brief on the usd/jpy , I mean to leave the trade as initially planed , i.e. get stopped out or profit out, unless I have some other audio reason to exit.


    The euro/usd and euro/jpy transactions I intend to cancel.
    Will come up with new trade ideas at a bit for the NY session.

  3. #3
    Open transactions:

    usd/jpy short at 117.80 current: 117.90 (-10)

    New transactions:
    euro /usd
    buy @ 1.1884 (Piviot point and possible brokrn trendline retest.)
    Quit @ 1.1847 (Support on the daily chart, 1.1852 also happens to be piviotal resistace)
    Target: 1.1971 (Brken trendline price projections)

    Trade is predied on:
    Macd div on daily , TD break on hourly, and uptresnd continualtion on 15 mint.

  4. #4
    Hi

    I will not post any trdaes today.

    BTW that the usd/jpy trdae also reached its target however I got stopped outside.

    Leason : use the resistance level on the daily chart as a stop loss. I tried with a point as a stop loss , I'm Dead directly abt the direction and here bcoz of a stop that was tighter

  5. #5
    Sorry to interrupt. Only: Thanks you. Great Lesson.

  6. #6
    This is what I feel the market is going to do :

    but I would love to share my thoughts:

    Nonfarm Employment Change is what I would call a really hyped up data, hyped why ? Bcoz a couple of hunderd million jobs, with such a vast diversity for nation and such a strong should have no or very little influence on the market.

    I believe the market just utilizes the Nonfarm Employment Change data to do what it wants to do in any case , its only building momentumn .

    Now comming to the market, lets take the euro /usd:

    That is what I believe it'll do tommrow:


    I feel the market is going to start moving downwards reach the daily resistance of 1.1852 and then head upwards to 1.2050 and settle round the 1.2000 mark.

    Why ?

    Bcoz since the past couple of days we have a macd div on the daily chart , and the market hasn't once analyzed the service level of 1.1852 in the last week, its slowly creaping into the 1.1900 mark in ready for a big bounce of a fantastic level.


    Now my commerce:
    Buy Limit @ 1.1865
    Stop Loss @ 1.1785
    Target @ 1.2249 ( in 3-4 times) nevertheless I will limit out at 1.2050 , and continue re entering the trade.

  7. #7
    Quote Originally Posted by ;
    SWISS FRANC - CHICAGO MERCANTILE EXCHANGE Code-092741
    FUTURES ONLY POSITIONS AS OF 02/28/06 |
    --------------------------------------------------------------| NONREPORTABLE
    NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
    --------------------------|-----------------|-----------------|-----------------
    LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
    --------------------------------------------------------------------------------
    (CONTRACTS OF 125,000 SWISS FRANCS) OPEN INTEREST: 134,418
    COMMITMENTS
    16,309 84,571 0 107,965 24,547 124,274 109,118 10,144 25,300

    CHANGES FROM 02/21/06 (CHANGE IN OPEN INTEREST: 22,010)
    -7,480 23,807 0 29,144 -3,690 21,664 20,117 346 1,893

    PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    12.1 62.9 0.0 80.3 18.3 92.5 81.2 7.5 18.8

    NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 64)
    7 36 0 17 11 24 47
    The above shows that the commercials are swiss bullish, which translates well to euro bulish.

  8. #8
    Hi

    I have gone on the euro at 1.1890
    SL at 1.1832
    Goal 1.2050

    This despite a good usa #.

    Lets see how this transaction performs on

  9. #9
    Quote Originally Posted by ;
    Hi

    I've gone on the euro at 1.1890
    SL at 1.1832
    Target 1.2050

    This despite Having a Great usa #.

    Lets see how this trade plays on
    From the words of the infamous Monty Python. Run Away ! Run Away !

    Only my opinion however I can see a strong probability of a 1.1823 Feb 27th Low test. That will excercise your own stop.

    No intention to offend and by no means would I expect you to behave soley on my proposal however in an effort to preserve your funds, you may want to have another look at it.

  10. #10
    Anyone want to pipe in if they are seeing the exact same thing about the EURO/USD. I visit a Head and Shoulders break at the neckline. In addition, and I would agree that this could collapse TO 1826 TO 1823. The neckline breaks around 1873.

    The EURO has only moved down 66 pips out of the HIGH and retraced nearly into the 50% and is making amove down again. 1826 sets EURO go down to 100 pip move which is its likely ATR.

    Any comments or ideas?

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