After the hefty profit of yesterday 6J has not stopped IMHO
In the room DD the setup and the RRR of the matrix is so-so, but if you look at the scenario in the last CHART , it could be highly rewarding welll far from the 1.04.
Because the overall pic. and the RF -15 and RI 1 , I personally am in this trade
It is little risky, but will see
BTW: Close with hefty profits the trade on wheat (RRR 4.5)
Thanks for the attention
[color="Red"][b]First Target at 8610 Hit, Scaling down 2 cts out of 4[/color][/b]
fabrizio Wrote:[color="Red"][b]First Target at 8610 Hit, Scaling down 2 cts out of 4[/color][/b]
[color="Red"]Second Traget hit, scaled out all except ONE CONTRACT[/color]
Nice trade, well done. Nice moves in the currencys today. Some nice runs in the GBP and the Euro. Regards Helgo
fabrizio Wrote:[color="Red"]Second Traget hit, scaled out all except ONE CONTRACT[/color]
Thanks a lot Helgo!
However GBP was much more rewarding in terms of $$$, as Marcus outlined.
I just hope I have been somehow helpfull.
Fabrizio
I use the DT Trade balance as a trend indicator and choose the currencys with the best trend.I use my own entrys because the stops are often to large in the DT trades. Yesterday the GBP had a strong down trend and I catch part of it with my setup. I also watch the DA room for any sign of change of the current trend. If I think the trend is changing a take a trade in the new direction. Regards Helgo
fabrizio Wrote:Thanks a lot Helgo!
However GBP was much more rewarding in terms of $$$, as Marcus outlined.
I just hope I have been somehow helpfull.
Fabrizio
Helgo Wrote:I use the DT Trade balance as a trend indicator and choose the currencys with the best trend.I use my own entrys because the stops are often to large in the DT trades. Yesterday the GBP had a strong down trend and I catch part of it with my setup. I also watch the DA room for any sign of change of the current trend. If I think the trend is changing a take a trade in the new direction. Regards Helgo
I would say this: I analized the levels of entry/exit provided by the matrix. As you can see from another post of mine they are highly "wise " and technically perfect( even more than technically as you can evince from this :[url="http://forums.dynamictrend.com/showthread.php?p=367#post367"]).
[i][i]The soft generate an entry level "SECURE" . Maybe is not the at the top of the revesral otr whatever but is certainly INSIDE a strong move. I mean that there are little chances it would go against you when you afford that entry.
Likewise the stops are generated and placed in the most cleaver places .
[/i][/i]
Of course each one has is own discretionary method , but either I have a MM that oblige me to have just a certain amount of points of stops regardless the other factors or I DO define the most likely critocal points at wich the structure change.[/COLOR][/b]
[color="Red"]
Take a close look to the data generated by matrix : you will see that - as I said in that above mentioned post regarding ES - they are incredibly correct.[/color]
However take a look at how evolved the "hairy (for the yen of course) situation and hoiw has been managed to keep it above. Since appears clear that below there is almost nothing if not a 1:1 that could hold it from going veeery down.
As youi can remember One yaer ago more or less Yen attempted the downward move, but was pull up by the thin hair...
Eventually it did his course.
I monitor this moment since he is ogliged to make up his mind. As Marcus outlined we are in a peculiar moment of the year , so lets see. We have DT: with such a tool lets blame ourself if we miss the occasions....
There is more then one way to skin a cat. Regards Helgo
fabrizio Wrote:I would say this: I analized the levels of entry/exit provided by the matrix. As you can see from another post of mine they are highly "wise " and technically perfect( even more than technically as you can evince from this :[url="http://forums.dynamictrend.com/showthread.php?p=367#post367"]).
[i][i]The soft generate an entry level "SECURE" . Maybe is not the at the top of the revesral otr whatever but is certainly INSIDE a strong move. I mean that there are little chances it would go against you when you afford that entry.
Likewise the stops are generated and placed in the most cleaver places .
[/i][/i]
Of course each one has is own discretionary method , but either I have a MM that oblige me to have just a certain amount of points of stops regardless the other factors or I DO define the most likely critocal points at wich the structure change.[/COLOR][/b]
[color="Red"]Take a close look to the data generated by matrix : you will see that - as I said in that above mentioned post regarding ES - they are incredibly correct.[/color]
However take a look at how evolved the "hairy (for the yen of course) situation and hoiw has been managed to keep it above. Since appears clear that below there is almost nothing if not a 1:1 that could hold it from going veeery down.
As youi can remember One yaer ago more or less Yen attempted the downward move, but was pull up by the thin hair...
Eventually it did his course.
I monitor this moment since he is ogliged to make up his mind. As Marcus outlined we are in a peculiar moment of the year , so lets see. We have DT: with such a tool lets blame ourself if we miss the occasions....
Good moves of 6J.
Made up its mind :
- Bounced up on support
- Came down to complete a nice AB=CD in time and Price ( not the one indicated that was of a Major degree but a new strucvture; ex post can say was actually structuring a sideway consolidation towards UP)
- Technically smart money could not let him go below 0.8525 otherwise next stop would have been below 0.84 and so forth.
- Structure UP then, towards a new technical level, nesting in a safe "above 50Pct" strenght position.
Acceptable Set up in SB . Still has to clearly coinfirm its structure taking away really impulsively 61.8 for a long term run north.
I nice move down from October. Looks like we got some kind of a bottom in December. If we can take out the last high we might test the 0.9000 area. Regards Helgo
fabrizio Wrote:Good moves of 6J.
Made up its mind :
- Bounced up on support
- Came down to complete a nice AB=CD in time and Price ( not the one indicated that was of a Major degree but a new strucvture; ex post can say was actually structuring a sideway consolidation towards UP)
- Technically smart money could not let him go below 0.8525 otherwise next stop would have been below 0.84 and so forth.
- Structure UP then, towards a new technical level, nesting in a safe "above 50Pct" strenght position.
Acceptable Set up in SB . Still has to clearly coinfirm its structure taking away really impulsively 61.8 for a long term run north.
Monitoring would be helpfull since so far has not completely unveiledits intentions.
As per your opinion , yes could be a bottom, but I would not bet so much untill I see a defined structure up and consitent on the different degrees.
Here is one more Hedge of DT on other Soft. Structure (and/or direction)will appear "simply" clear to everyone .
And Just at the right moment it will be to afford the trade.
fabrizio Wrote:Monitoring would be helpfull since so far has not completely unveiledits intentions.
As per your opinion , yes could be a bottom, but I would not bet so much untill I see a defined structure up and consitent on the different degrees.
Here is one more Hedge of DT on other Soft. Structure (and/or direction)will appear "simply" clear to everyone .
And Just at the right moment it will be to afford the trade.
As a Matter of fact and per the above "bad feeling" He who bailed out at intermediate target was wise ( I did It) since an old trading says
" when in doubt get out". Once in profit much better.
6J didn't take out 61.8 at all, certainly not impuslively, getting closer from the safe nest of above 50 pct exit.
Structure will likely appear clear momentarely.
Puzzling chess game with 6J
Little To Say. Res Ipsa Loquor
Sideway As Other Pairs: Will It Take Its Way Down....down?
As per the title
- In case the lower tgts will be broken the targets are lower lows
We Did. Wasn't So Difficult.
Following the monitoring.
Keep an EYE on the Monetray Policy of BOJ.
Any rise of IR will give the necessary push to the Currency to appreciate against USD
Really strong reaction @ 84.
Something in the air?
COORDINATELY they Acted to pull it up .
In currencies the basic question "who is in command " is redundant...