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Mtl JP  22:22:16 GMT - 03/17/2010  
kaprikorn 20:22 been there done that still alive in this sordid world of moneywhores. do not claim to know it all & probably never will.

if you chose you can send an me an e-mail via Jay if you think there might be some merit.


San Diego bobl  20:47:43 GMT - 03/17/2010  
Sofia,

fwiw..........you know of course that the market "trends" only about 10 % of the time. I learned and have always been of the school of defining market character first and foremost. If you don't use a "top down" approach you'll find yourself captured imho. There are some very good traders here that use different methods, but clearly adjust to market......ex: UK JB, FM, Zeus to name just a small list of traders that are good, but different styles.

Another idea is to locate a bigger picture scenario via multiple timeframes..........and loading up for bigger rewards when they line up versus a static "opinion" of what the market "sould do".

As another example, yesterday I took a USD basket short, took early but multiple profits in the crosses, and put the rest @ b/e, which was elected. Since I had such a large basket, it was a rewarding day, but knowing the market is fickle at best right now, it was the right choice to log profits and give the trade a chance to enlarge, albeit being stopped on 2/3's but still in the money .

Another thing..........always watch Jay as he a master of simplicity yet correct market reading.

gl/gt


sofia kaprikorn  20:22:42 GMT - 03/17/2010  
Jay,
I can't understand it either.. there is some subtle part of my trading that I fail to fix - it is maybe a floating measure of success..

for example I was short aud/usd from 9160 a few days but didn't pick those 50-60 pips down to 9110/9095... was waiting for a bigger crash.. then I switched to short aud/jpy on monday as I was betting the S&P/ risk-on would bend after the 11 day grind up... all pullbacks were bought in high yielders and stoxx -
so then I knew I was screwed but I had exhausted my capital last week going for a break after the 11 down days in cad.. so I just left it to be liquidated..

thing is I read here and in the books about riding trends - going for bigger moves and then I find myself not satisfied with 30-40 pips - in other periods I commit to making say 50 pips a day and I manage to build on that for a few weeks steady returns.. then I have a 100-200 pip profits I get over confident and I start going for 100 pip moves and increase the risk and I go wiped out again..

that's just a simple psychological flaw that I find myself failing to correct.


Hesham Cairo  20:11:47 GMT - 03/17/2010  
To Sophia: Never mind. Begin again with more power after taking some rest. With all my best regards to you


sofia kaprikorn  20:07:39 GMT - 03/17/2010  
sofia kaprikorn 12:30 GMT March 11, 2010

AUD/USD - the daily view shows however other signals that call for attention with scope of the 0.9250 target of this Expanding Triangle formation..

The current rise from 0.8600 bottom to 0.9060 (approximately 450 pips) is the first leg of A-B-C pattern and the next leg of the same length from the higher low at 0.88 shows projected top at 0.9250-60 - where exactly the the Triangle pattern points.
-------------------------

interesting while I'm just watching the 0.9251 High today if it will be top here or a sign of powerful continuation.

anyway it's a strange feeling seeing something on the charts, losing the equity and then watching it happen after being wiped out.


sofia kaprikorn  07:07:27 GMT - 03/17/2010  
sofia kaprikorn 00:01 GMT March 16, 2010
.....

short AUD/JPY at 82.51

I see the Bearish Engulfing pattern and possible market volatility would be expressed better in JPY strength so I deem the cross as a better positioning for profit from unexpected market downturn
_________________________________

stopped out at 83.32 due to a margin call. game over.


sofia kaprikorn  00:01:17 GMT - 03/16/2010  

Sell OTHER
Entry: 82.51 Target: Stop:
 
03/15/2010 14:53:23 kaprikorn sofia 5
sofia kaprikorn 08:02 GMT March 15, 2010
..........
sill holding the short AUD/USD position from 0.9155.
__________________________________

closing here at 91.37 for +18

.....

short AUD/JPY at 82.51

I see the Bearish Engulfing pattern and possible market volatility would be expressed better in JPY strength so I deem the cross as a better positioning for profit from unexpected market downturn


sofia kaprikorn  23:24:48 GMT - 03/15/2010  
being on the right side of trade is more emotionally rewarding instead of fighting the prevailing trend.


sofia kaprikorn  16:56:33 GMT - 03/15/2010  
HC. might sounded different to what I meant - looking at market dynamics with incomplete knowledge one should look for contrarian signs.


London HC  14:55:31 GMT - 03/15/2010  
Kaprikorn. The market is not always a conspiracy.


sofia kaprikorn  14:53:23 GMT - 03/15/2010  
sofia kaprikorn 08:02 GMT March 15, 2010
..........

sill holding the short AUD/USD position from 0.9155.
---------------

'they' are fiercely struggling to keep it above 0.9111 low as a close below signals Key Reversal and change in fortunes here along with China tightening and all those hardly squeezed New highs in S&P..

I've read in John Carter's book (Mastering the trade) that big institutionals like to bring it to new highs and then dump on the way back as little fish always likes to buy on pull back...


sofia kaprikorn  08:02:48 GMT - 03/15/2010  
sofia kaprikorn 13:36 GMT March 11, 2010
trendline support : Reply
jobless data didn't push the USD selling and I didn't like how every tick in aud/usd was sold down...

taking back again the original short at 0.9155..
..........

sill holding the short AUD/USD position from 0.9155.


Hesham Cairo  13:51:20 GMT - 03/11/2010  
To Sophia: Never mind


sofia kaprikorn  13:45:46 GMT - 03/11/2010  
pls all excuse my embarrassment here this week!
taking a break.


tokyo rana  13:43:00 GMT - 03/11/2010  
ithink watch this again video 10 to 1000times,
your trade always so difficult and coomlicated for to much technical...
ithink you did not learn from this video anything even you you put here this video..
best regards,
http://video.yahoo.com/watch/5377584/14168832


sofia kaprikorn  13:39:39 GMT - 03/11/2010  
oh well my bad again...
the initial sell will give way to the correct direction right?..very good


Hesham Cairo  13:39:15 GMT - 03/11/2010  
U can stop trading till u get a clear image of the market. That is my opinion


sofia kaprikorn  13:36:08 GMT - 03/11/2010  
jobless data didn't push the USD selling and I didn't like how every tick in aud/usd was sold down...

taking back again the original short at 0.9155..

I don't know but it has been particularly hard this week being caught in some very tight ranges no break and usually on the wrong side - that consumed all the equity..


sofia kaprikorn  13:21:41 GMT - 03/11/2010  
with respect ot the chart analysis I mad on the AUD/USD I long here at 0.9161 with target at 0.9250
stop as noted should be around 0.9130


sofia kaprikorn  12:30:16 GMT - 03/11/2010  
 
AUD/USD - the daily view shows however other signals that call for attention with scope of the 0.9250 target of this Expanding Triangle formation..

The current rise from 0.8600 bottom to 0.9060 (approximately 450 pips) is the first leg of A-B-C pattern and the next leg of the same length from the higher low at 0.88 shows projected top at 0.9250-60 - where exactly the the Triangle pattern points.


sofia kaprikorn  12:10:41 GMT - 03/11/2010  
 
here's an interesting pattern

T/L support and 21-MA project support around 0.9130
then other significant chart points are around 0.9060-70..

upside on a break of the consolidation channel - it's an uptrend anyway and can't say it bends now until a confirmed lower high..


sofia kaprikorn  11:06:42 GMT - 03/11/2010  
hourly pattern shows no follow through..

taking back my original short position at 0.9160.


sofia kaprikorn  09:35:18 GMT - 03/11/2010  
reversed to long aud/usd 0.9166


sofia kaprikorn  08:31:55 GMT - 03/11/2010  

Sell AUDUSD
Entry: 0.9161 Target: 0.9029 Stop: 0.9196
today's low is right on the T/L support and I think it's a good R/R to test the support with target the 89-DMA below..






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