FOREX ideas

I think that right now we have three ways to be traders. One is cash and it is very good position right now. Other is scalp trader (that is what we doing lately) and third is to be on some other market, like FOREX. Like to share several examples what we did, but only as examples to see what is in line right now and I want to note that trading risk is extremely high and CASH is my position while PATIENCE is my best friend.
Market will back that is 100% sure, but right now is best to wait that. Until then one of above explained ways are only ways to survive.
Wish you all good trading.

Example 1
http://ivicacharts.com/diagrams/2008/10072008qid.jpg
http://ivicacharts.com/diagrams/2008/10082008qid.jpg


Example 2
http://ivicacharts.com/diagrams/2008/10072008qld.jpg
http://ivicacharts.com/diagrams/2008/10082008qld.jpg

Example 3
http://ivicacharts.com/diagrams/2008/10062008eurjpy.jpg
http://ivicacharts.com/diagrams/2008/10062008eurjpyt.jpg

Example 4
http://ivicacharts.com/diagrams/2008/10062008eurusd.jpg
http://ivicacharts.com/diagrams/2008/10082008eurusd.jpg


Point is what ever we trade right now trading risk is EXTREMLY high. Every overnight position is like a gambling. Personally I stick with FOREX with small risk. There are many extended charts too. I’m not best scalp trader and I’m trying to avoid that setups, and if I will take it will be with very small risk and that can’t hurt me.

Wish you all good trading
Ivica
 
Good day all,

Hope you all took some advantage from yesterday post. We saw nice moves and with CCI setups we increased r/r

GBPCHF
I will look for 5/15 min bounce and CCI divergence short trade.
http://ivicacharts.com/diagrams/2008/10212008gbpchf.jpg
http://ivicacharts.com/diagrams/2008/10222008gbpchf.jpg

GBPUSD
Same idea and trading plan as chart above.
http://ivicacharts.com/diagrams/2008/10212008gbpusd.jpg
http://ivicacharts.com/diagrams/2008/10222008gbpusd.jpg

USDCHF
http://ivicacharts.com/diagrams/2008/10212008usdchf.jpg
http://ivicacharts.com/diagrams/2008/10222008usdchf.jpg


Two, rather similar ideas for today. Not much out here because charts are very extended and it is very hard to post scalp here because it can change in second.

http://ivicacharts.com/diagrams/2008/10222008audjpy.jpg
http://ivicacharts.com/diagrams/2008/10222008audjpy.jpg

If you have any questions, please contact me.
Good luck trading today!!!!
Ivica
 
Good day all,

I will send several charts what I will follow. For setup I will use CCI divergence on the smaller time frame, like 5/15 min. On that way I will cut stop amount but also I will increase stop possibility. Right now I see that as only way, because charts are very extended and I will just follow trend, but I don’t want take them on breakout area. I want take them on bounce (bear flags + CCI setup), If anyone have any question or don’t understand what I mean feel free to contact me. If Oil and stock markets will continue with selling pressure I believe that we will see setups, but as I said charts are extended so we must be careful because bounce can come anytime.

http://ivicacharts.com/diagrams/2008/10272008euraud.jpg
http://ivicacharts.com/diagrams/2008/10272008audjpy.jpg http://ivicacharts.com/diagrams/2008/10272008audusd.jpg http://ivicacharts.com/diagrams/2008/10272008chfjpy.jpg http://ivicacharts.com/diagrams/2008/10272008usdcad.jpg

If you have any questions, please contact me.
Good luck trading today!!!!
Ivica
 
Good day all,

Here are examples how to take CCI setup on ideas what I sent last night. That is good way to cut stop amount, but remember it is also way to be more often stopped. It is all depend on trader system and way how want to trade. USCAD was classic setup on smaller time frame (15 min bull flag, all others are CCI divergence setups.

http://ivicacharts.com/diagrams/2008/10272008euraud15.jpg
http://ivicacharts.com/diagrams/2008/10272008audjpy5.jpg http://ivicacharts.com/diagrams/2008/10272008audusd5.jpg http://ivicacharts.com/diagrams/2008/10272008chfjpy5.jpg http://ivicacharts.com/diagrams/2008/10272008usdcad15.jpg

If you have any questions, please contact me.
Good luck trading today!!!!
Ivica
 
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