Reasonably simple trading

[WadeGrimm]

Out of EURAUD at target for +50.

Stop to B/E on the Brent trade now, not quite +40 yet but it's late in the day.

 

[cantagril]

Out of EURAUD at target for +50.

Stop to B/E on the Brent trade now, not quite +40 yet but it's late in the day.

See attached Relative Strength 5 min chart - courtesy of @NVP...AUD beginning to come off the boil....relatively

 

[WadeGrimm]

1845 Manually closed Brent trade for +30, don't want to be watching it any more really.

+59.1 today and +86.4 on the week so far.

 

[WadeGrimm]

See attached Relative Strength 5 min chart - courtesy of @NVP...AUD beginning to come off the boil....relatively

Blimey, I'd have a seizure watching that all day

 

[cantagril]

Blimey, I'd have a seizure watching that all day

Nah, it's fine as long as you keep taking the meds.

 

[WadeGrimm]

1106 sold EURAUD 16277.3.

Resistance in this case 16275 quarter-point in confluence with PATE R1 pivot, also stayed off next resistance.

Stop 30 / Target 50

Invalidated if close above 16300.

 

[WadeGrimm]

Correction, target is 30pts on this one. I don't rate quarter-points quite as strongly in terms of resistance.

 

[cantagril]

Here's a 4 hour RS chart ( no drugs required) followed by a 5 min.

 

[WadeGrimm]

Still holding EURAUD short due to the instant rejection of 16300 (did not close above).

 

[WadeGrimm]

Here's a 4 hour RS chart ( no drugs required) followed by a 5 min.

Thanks

Anything that isn't on my charts is usually noise to me to be fair, but I like to still learn - what are the green and red zones?

 

[cantagril]

Thanks

Anything that isn't on my charts is usually noise to me to be fair, but I like to still learn - what are the green and red zones?

Yes, sorry, I didn't mean to hijack yr journal - just thought the RS context might be of interest. @NVP is a demon scalper and has been doing well for donkey's years using an approach based on relative strengths; his thread is worth a look even if it's not your thing.

Green and Red zones: just supply and demand.... or support and resistance, if you prefer. I was going to post you a p&f chart showing some s&r zones and that the 300 number is sort of pivotty ....but decided that might really p*** you off

 

[WadeGrimm]

Closed EURAUD for -24.1 while out on a walk, might have saved a half-point or so if i'd been at my desk but never mind!

 

[WadeGrimm]

Slow stuff today, patience required.

Have actually done 8 trades in 4 days which is about average, hasn't felt like it though. Seems to have been a slooooow week.

EDIT miscounted, it's 7 trades

 

[WadeGrimm]

DAX is maybe of interest if back above 13150 but much else on the horizon right now.

 

[WadeGrimm]

1452 Bought GBPAUD 18158.4

Stop 30 Target 50

Invalidated if close a few pts below the low.