Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Mysticforex

What Are You Watching Today ?

Recommended Posts

I would like to get this thread going so we could let each other know what pairs we are watching.

 

We can't watch all the pairs all the time. Sometimes I am following a pair so closely I become myopic and miss opportunities elsewhere.

 

You can be as in depth as you like, post charts ( not mandatory ), or just give a buy or sell bias. We all know how to read charts so we can figure the rest out for ourselves.

 

I have been following the AUD/USD for several weeks now. Scalping up and down within a range, that lately has been edging lower recently.

Share this post


Link to post
Share on other sites

GBP/USD and AUD/USD --> sell on rallies preferred

AUD/CAD--> did not touch this pair yet but it seems like it is going to reach 1.0260

USD/THB--> anywhere near 30 is good for opening a long

Share this post


Link to post
Share on other sites

03/20/12

 

Will be watching GBP/JPY for a slight correction to the 1.3090 area ( Weekly Pivot ).

Then, who knows? will re evaluate.

 

I will also be keeping an eye on Oblivions gbp/chf. I used to trade that pair a lot.

When it gets wound up like that it usually pops pretty good.

Share this post


Link to post
Share on other sites
I like that... will add that to my "Watch List". Am also watching G/J and E/J.

 

don't forget to pay attention to time frames on the charts that I post.

30m-1h charts are just for short time trades..at least for me :roll eyes:

Share this post


Link to post
Share on other sites

I would certainly like to see us press to and then through 1.30 on the euro before the end of the week. I am expecting new decade lows, but it's not something that I would expect to happen very soon. When we get below 1.3, having a short position from above 1.3 will be awesome trade location.

Share this post


Link to post
Share on other sites
I would certainly like to see us press to and then through 1.30 on the euro before the end of the week. I am expecting new decade lows, but it's not something that I would expect to happen very soon. When we get below 1.3, having a short position from above 1.3 will be awesome trade location.

 

shorting aud/usd seems safer imo, pair may hit 1.0255, 1.0115 before eur/usd breaks 1.3..and once 1.3 is gone aud/usd will reach 0.9872 :roll eyes:

Share this post


Link to post
Share on other sites
shorting aud/usd seems safer imo, pair may hit 1.0255, 1.0115 before eur/usd breaks 1.3..and once 1.3 is gone aud/usd will reach 0.9872 :roll eyes:

 

Agree, Aud safer. I eventually see 9773....

I am not a Candlestick trader, however, I don't like the look of yesterdays daily candle.

Also, we rarely see a 200 - 300 pip move these days. It's more like 30 pips a day, then a slight retrace up. I have had shorts all the way from 108xx, but always exit with 30 - 50 pips.

A lot of them though, so it might almost equal out.

One of my weaknesses as a trader has been holding trades that carry a negative roll.

In general I think the less time you hold any position, the less "at risk" you are.

aud.thumb.gif.86740895fbf8899078a17b7d40353cbe.gif

Share this post


Link to post
Share on other sites

In general I think the less time you hold any position, the less "at risk" you are.

 

You are right on the money. The flip side to that, though, is that you also limit your potential gain if you limit your risk.

 

You can't leave a position on overnight to catch the whole move if you want to trade with a large leveraged position like you would if you were trying to catch, say, a 30-50 pip move with a 10 pip stop. There is a great likelihood that you can wake up and your account is gone with that type of leverage on and it still will go in the right direction without you in it.

 

I have been short the euro since early March. I am really trying to get "positioned" which I have yet to accomplish, so my position is still small and would hurt only the most sensitive of individuals if it ended up getting stopped out (again). If I do get positioned, then I will add a lot more to the trade, but at that point, when the position is larger, the risk of loss will be nearly zero with the trade.

 

The comparison is this: Are you better off taking the 30-50 scalps for 300-500 usd gain risking 100USD each time, or would you have been better off you initially risking 100 usd on a smaller position and leveraging the gain as it moved in your favor? Scalping the move down, you can, perhaps, make/take money every day if things work out in your favor and you know what you are doing. If you were able to catch the whole move from 1.08ish down to 1.00ish, you can make anywhere from 8k to about 30k if you know what you are doing and things work out in your favor, starting out with the same 100USD potential risk.

 

There is really no right "answer" the above. It's all about style, stamina, temperament, greed, etc.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.