Are U on the other side of my position?

[Shikamaroo]

Hey all. I trade all day and get hammered sometimes. I am starting to wonder how often ppl trading opposite to me are winning. Also, why are they trading opposite to me? I am going to identify the levels that I am entering short or long over the next week. If you're trading counter to me within a 20 pip difference tell me y and what time frame you're on. I'll be trading EU, EG and UJ. hope u have a great week. Beware, if you're long and i am short i wont be rooting for u! lol. Also, everything is a joke to me. ha ha ha laugh laugh giggle giggle. dont worry, i dont root for my trades either.

 

[Masquerade]

If you go long, i'll go short and we'll split the profits?

 

[wackypete2]

Not a bad idea. If you can find out why others are trading opposite you then you can certainly gain some insight. Keep an open mind.

Peter

 

[Shikamaroo]

ok. Short EU @ 1.1926

 

[wackypete2]

nothing wrong with that trade. so far +30 pips. what are you hoping to gain from it? wat timeframe are you looking at?

Peter

 

[Shikamaroo]

2/3 off at 1.1907. I should also mention that I use a hard stop of 13 pips.

 

[wackypete2]

2/3 off at 1.1907. I should also mention that I use a hard stop of 13 pips.

nice job :clap:

Peter

 

[Shikamaroo]

I am expecting to get to 50 pips over the next 2 hours

 

[Shikamaroo]

I am looking at a one min chart. Breakout level was identified on the H1 timeframe

 

[Shikamaroo]

all closed off now at 1.1896.
19 on the first 2/3 and 30 on the last 1/3.
So first trade was ok,and no one jumped in against me. hmmmm

 

[Masquerade]

I did, I got about 20pts on the long. Send me half the profit from the short.

 

[shadowninja]

Yeah, er me, too.

 

[Shikamaroo]

long EU@ 1.1968 stop 1.1955

 

[Shikamaroo]

also long on the Eur/Gbp @ 0.8294 stopped out at 0.8277

 

[Shikamaroo]

I did, I got about 20pts on the long. Send me half the profit from the short.

yeah. just send me 1/2 the profit from the long

 

[Shikamaroo]

2/3 off at 1.1981.
did any one short the EG?

 

[Shakone]

Shikmaroo, on your EURGBP trade, you're trading straight into a round number 8300, and you're only 6 pips away when you entered. A lot of people will have traded against you. So although I don't think the trade was necessarily a bad one, I think you should be aware of that round number, and be aggressively trailing your stop up, so that if it doesn't go through the round number, you're taking a small loss. Up side before trouble is 6 pips, so risk reward is not great unless you're moving that stop up. All imho

 

[bedsit]

Shikmaroo, on your EURGBP trade, you're trading straight into a round number 8300, and you're only 6 pips away when you entered. A lot of people will have traded against you. So although I don't think the trade was necessarily a bad one, I think you should be aware of that round number, and be aggressively trailing your stop up, so that if it doesn't go through the round number, you're taking a small loss. Up side before trouble is 6 pips, so risk reward is not great unless you're moving that stop up. All imho

I didn't check the charts, but must say my approach to trades is similar to Shakone's. I would prefer to go long only once that level is breached (and whatever time frame candle closes above it).
And I like the part about risk reward – sometimes everything may go my way, but if risk reward is no good I stay out.

 

[Shikamaroo]

Stopped out @ BE on last 1/3 on the euro.
Thanks for the insight Shakone, but i actually wait to see the break and then enter at a retest of the level not at the initial break so I never saw 1 pip profit on that EurGbp trade. I got a little blinded by the rate of change to think objectively.

 

[Shakone]

Good thread Shikmaroo, I think it is very interesting to see why some trades don't work out so well, and who traded against them.