nsm,the retest was stopping me out befor,trying your m,av trading plan, with fibs and haft retrace,from hussey,t/y
NZ OT 20:38:33 GMT - 06/08/2012
nsm - your posts are most informative. Good weekend to all.
msa nsm 20:19:15 GMT - 06/08/2012
kw pal, on cable these are the levels i was refering to. this is a one hour chart precisely for entries to catch the move. notice the 38.2% level i was refering to earlier. A long from there should be up +60pips and if we don't break the 50% i would suggest exiting the trade and re-enter at same level (38.2) next week as then a retest would be in play before the rally resumes. a clear break of 50% should show that the shorts are broken and i wouldn't wait for a retest as we 'might' not get one..
msa nsm 19:51:29 GMT - 06/08/2012
that was a nice second series of 50% pullback that we had on kiwi hourlies.
On aussie see the chart, got the long signal from the strategy indicator as shown. up +60pips so far from the long entry. the short made a cool 90pips yesterday just on aud/usd
msa nsm 19:39:58 GMT - 06/08/2012
the trade is on demo and ideally the target should be 0.7837 before the next pullback to 0.7745 and then we go for new highs. we had a double bottom on daily adding conviction to more gains.
ed kw 17:28:26 GMT - 06/08/2012
out e/u +10
msa nsm 17:22:35 GMT - 06/08/2012
I would advice having the stops on Aussie and kiwi at b/e or better yet b/e + 10, carrying euro or usd trades is becoming riskier these days with gaps happening frequently IMO
msa nsm 17:17:54 GMT - 06/08/2012
Wow congrates on keeping the a/j short..I closed mine earlier for roughly 90pips. The Aussie and kiwi trades were just alerts but I didn't take them as I'm loaded with gold now. I also noticed hussey's long on spot and future and I believe they are in green, :)
msa nsm 17:08:00 GMT - 06/08/2012
I will be posting my charts on my trades from next week so that my fellow newbies can see why I'm taking the trades and I can also kindly get insights from members on the setups on how to better them.
ed kw 17:03:56 GMT - 06/08/2012
nsm hussey is keeping e/u long, missed your post on aud,are you keeping aud for weekend ,i had a/y short for+ pips
msa nsm 17:03:42 GMT - 06/08/2012
Kw I haven't been to my desk today just checking on my phone but from the levels I recall that was a nice touch of weekly TL and 38.2. I haven't taken the long as I'm awaiting next week but from the levels I've mentioned if you plot them on your weekly chart you should see what I'm referring to. If you wish to go long today use the 1hr to time a 50% fibb break and get long on the retest. The 50% is the initial entry I had.
msa nsm 16:53:08 GMT - 06/08/2012
The kiwi and Aussie long I suggested this morning are now in play
ed kw 16:51:35 GMT - 06/08/2012
nsm g/u are you going long
msa nsm 16:50:18 GMT - 06/08/2012
The weekly TL in the larger triangle still holds and we need on more rally to complete the abcd pattern
msa nsm 16:48:08 GMT - 06/08/2012
The cable long entry was a desperate move to avoid being left out when the rally starts. But the market gave the better entry imo
msa nsm 16:42:03 GMT - 06/08/2012
Stop hit but the target is still in play
msa nsm 04:17 GMT June 8, 2012 cable : Reply order triggered
msa nsm 16:41 GMT June 7, 2012
cable : Reply
Entry: 1.5506 Target: 1.5900/1.6055 Stop: 1.5466 buy order
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