Closed Since Last Update
Trade Ideas - Brewing
One of the best trades of the year, this setup came around Xmas then price pushed through a trend line and retested support support, posed the trade on profit.ly and less than 24 hours later, Bam! Profit target locked in. This set up offered a playbook setup, minimal downside for maximum upside.Check out xmas and new year proft.ly sale
Entry comments: open on retest of support
Exit comments:#FOREX +108.1 - Closed at profit target, WOW! low volume got there a whole lot quicker than I expected, thank goodness i dont like to hold over the weekend! Awesome way to finish off the year!
Posted by Fatbeetrader / http://profit.ly/1Mo9es
I got caught one of the two trades talked about in the prior video, looks like the JPY is still blasting, and the EURUSD had one heck of a crackly 100 point candle in reaction to the FOMC conference, interesting how price still respected key levels in the craziness.
Entry comments: Open on break of short term falling resistance and key level, looking for second position at 102.78. Targeting 103.33 SL 102.45 lots of news today, dont size too large. See Video Lesson http://www.fatbeetrader.com/10/post/2013/12/trade-ideas-forex-usdjpy-eurusd.html
Exit comments:#FOREX +38.2 Closed trade in accordance with plan Pre-FOMC see post trade video lesson http://www.fatbeetrader.com/10/post/2013/12/trade-update-forex-eurusd-usdjpy-post-fomc.html
Posted by Fatbeetrader / http://profit.ly/1Mo8Dw
Original idea Published back in August. Target 1 was swiftly hit and taken out now we are going for target 2
We are +200 per contract right now original chart https://www.tradingview.com/v/YfGpyjL0/
Target 2 is 1180.53 though I'm pretty sure that we will see $1000 to the downside on this.
Still Long Natural gas from https://www.tradingview.com/v/RyJsxt6h/ August price and volume are really picking up due to colder weather. Local gas prices have jumped upwards of 30% due to demand, which can only be good for the price.
This has been a strong trend, you dont catch these very often. The next target is the prior high, which may be taken out very soon, forcing an evaluation of my position.
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The last few hours have been very interesting...but not in a good way, about 5min after posting my last $AUDUSD trade, we lost all connectivity (phone and internet), you can imagine how that made me feel... not good.
So basically for the past few hours i've been imagining the worst, but when i got back into my account a few minutes ago, and closed any open trades, it turned out ok. not great but ok. AUDUSD stopped out. My stop on the EURUSD did not trigger. I've referred it off to my broker to explain, and manually closed the trade.
I'm sure they wont take it too serious as it turned out at a profit, perhaps I entered it incorrectly. either way I dont feel to good about it.
My longer term system triggered a buy order which i closed immediately upon gaining internet access again due to ECB news (i really dont like to be involved in their news announcements given their current stance).
The Video - Failed to action first trade signal, acted on second, which was not of great quality.
Video 1 - Trade follow through
$AUDUSD not $EURUSD as i call it in the video - just so used to trading the $EURUSD
Video 2 - Talking about the ideas behind buy and retest trade and their ability to produce excellent reward vs risk trades
There is a bag load of economic news out this week, that coupled with Syrian situation expect some major volatility in commodities and currency.
Expect commodities like gold, silver and oil to fall if a "war" breakout, on the back of $us dollar strength.
We are currently still short Gold, $USDCAD, Long Copper, Natural Gas and $EURUSD.
I'm also back to scalping the $EURUSD targeting 1.3240, which is featured in the video below, stop is currently at break even
$EURUSD has developed a bullish butterfly on the H$ and a bullish ABCD on the H1 Chart.
RSI and momentum are not in favor of the trade at the moment but this is one to keep an eye on
UPDATE on COPPER Trade published this morning - STOP TO BE
1-9-13 ABCD Pattern - Divergence on RSI and Momentum on the H1 A tighter stop could be employed if desired, but copper can be volatile particular CFD given its a synthetic of the physical