Reasonably simple trading

WadeGrimm

Member
75 17
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

Senior member
3,398 1,063
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:)
 

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WadeGrimm

Member
75 17
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

Member
75 17
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.

2020_11_19_euraud.png
 

WadeGrimm

Member
75 17
Correction, target is 30pts on this one. I don't rate quarter-points quite as strongly in terms of resistance.
 

WadeGrimm

Member
75 17
Still holding EURAUD short due to the instant rejection of 16300 (did not close above).
 
Last edited:

WadeGrimm

Member
75 17
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

Senior member
3,398 1,063
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:p
 
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WadeGrimm

Member
75 17
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

Member
75 17
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 :oops:
 
 
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