Karmits trading ideas - upcoming setups

karmit

Well-known member
490 5
This is a part fun, part serious journal which I plan to occasionally update with setups I see happening, mostly in the FX area.

My system trades only on Daily price so will only be looking at and posting such setups.

Here's my starting entry.

DISCLAIMER: Of course, you are liable for any of your profits/losses which you may incur following these trading ideas.

#1. [20-Jan-2015] : Expecting a huge down move on NZDUSD - if it breaks 7650, else wait and watch break of 7900 for upside.
 
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karmit

Well-known member
490 5
#2. [22-Jan-2015] : In this trade now. Stop ~8240 area.
 

karmit

Well-known member
490 5
#3 & #4 : I'm in both the trades now.

#1 & #2 : still running.
 

tomorton

Legendary member
8,142 1,222
Well done karmit. As a guide to your thinking, how long would you hope to run the AUD/USD short?
 

karmit

Well-known member
490 5
Hi tomorton... typically I let these run till they hit my stop (which I review every night).
 

tomorton

Legendary member
8,142 1,222
Well that's a totally viable way of banking profits, your stops appear to respect recent swing highs, so are TA-based. But you'd be giving up a lot of gain there, especially as your stop is wider now than intially.

That said, all credit to you for running this, I see price this am is tanking.
 
 
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