No Rules Trading

[Rocky]

I really don't have some system; I am pretty much a pure trader. The title might be a little misnomer, I really do have risk management rules set up, but every trade installment is approached in another manner. I exchange the information flow, which entails looking at what's going in the market, forming an opinion and acting on that view. These will be trades from my live account.

[Rocky]

I've been receiving long eurusd since last week. My ordinary price is 3241 at 1:11.5 total leverage. You can see I've been adding to the commerce as it's moving in my path. I really think this pair is moving higher based on how price has been pushed back over 3290 a couple times because the available on Sunday night. Friday's move was important I think; I'm expecting this week's Fed news casing information to really push the pair further north.
https://www.cliqforex.com/attachments/1528607667.jpg

[raqwl.deji]

Yeah man we need more like you (us) about herehttps://www.cliqforex.com/attachments/1528607668.jpg information is gold baby!

And I concur, dollar is in trouble, I will be selling rallies.

[Rocky]

Nice to know I'm not alone... https://www.cliqforex.com/attachments/1528607668.jpg Last time that I started a thread similar to that (at another forum) I got criticised. Nice change... guess it's good to know I'm not alone . https://www.cliqforex.com/attachments/1528607668.jpg

[Bruneymendwz]

This week is slow in news for Euro. FOMC is already expected to maintain things as they are, but I've received reports on speculations about a rate reduction.

Cable can get a boost tomorrow supported on the bunch of positive news, as forecast. Would drag Euro together with it?

The two Euro and Cable are holding at a great level, indiing further to the upside.

All in all, the stock market seems to be getting back on course, all markets up now on takeovers announcements. This can provide a jolt to the carries (after BOJ announcement , likely), thus dragging the majors up with them.

All these is what I am on to.

[Rocky]

This week is slow in news for Euro. FOMC is already anticipated to maintain things as they are, but I've received reports on speculations about a rate cut.

Cable can receive a boost tomorrow backed on the bunch of positive news, as prediction. Can drag Euro with it?

The two Euro and Cable are holding at a nice level, suggesting further to the upside.

Overall, the stock market appears to be getting back on course, all markets up today on takeovers announcements. This can supply a prop to the carries (following BOJ announcement ( probably ), therefore dragging the majors up together.

All these is what I'm on to. We have got the same point of view then. The eurusd and gbpusd both seem to be heading higher. The eurgbp has been moving higher in a strong trend so I'm still anticipating eurusd to outperform.

I exchange local South African stocks which involves knowing what's going on in other equity markets. From what I'm seeing global equity markets will probably move back over this year's highs. There is a strong correlation between the yen and equity markets right now, that combined with an outlook for greater markets signals the way for a weaker yen. The usdjpy rate might not move much but another yen crosses could be moving much greater.

I'll be surprised if the BoJ statement causes much volatility, but if there's any the yen must overeat.

[Rocky]

yeah man we need more like you (us) around herehttps://www.cliqforex.com/attachments/1528607668.jpg information is gold baby!

And I concur, dollar is in trouble, I will be selling things. I wonder what folks on the opposite side of our dollar shorts are all thinking?

[raqwl.deji]

I wonder what folks on the other side of our dollar shorts are believing? They're believing subprime is overblown, I believe. Then again, they may be thinking dollar is oversold.

[xXpATmXx]

Glad to see we've got more purists here... https://www.cliqforex.com/attachments/1528607668.jpg

[Bruneymendwz]

We've got the same point of view then. The eurusd and gbpusd both seem to be heading higher. The eurgbp has been moving in a strong trend so I am still expecting eurusd to outperform.

I trade local South African shares and that involves knowing what's happening in other equity markets. From what I am seeing global equity markets are likely to move back above this year's highs. There is a strong correlation between the yen and equity markets at the moment, that combined with a prognosis for higher markets indies the way for a weaker yen. The usdjpy rate might not move much but the other yen crosses could be moving much higher.

I'll be surprised if the BoJ announcement causes considerably volatility, but when there's any the yen should weaken. Resumption of carry trades is right round the corner, as I watch it. Of course, everyone who dumpped these pairs are dying to get back to business at those very attractive prices.

However, majors/Yen acted weird today, possibly due to the coming BOJ statement, make them oscillate within a wide range... That behavior kept me from conveys today, because I was also dying to extended the c$#@ out of them today...

Awaiting a new day.

[Rocky]

Ha, ha I figure I got that one wrong. The gbpusd is way outperforming the eurusd. Infact that the eurgbp is looking really weak right now. I've only entered a fairly large brief of 1:5 @ 6804. The inflation data from the UK seems to have been the alyst for the move. My stop for now is at 6825 but I'll be moving it will also be adding to my brief later in the day.
https://www.cliqforex.com/attachments/1528607668.jpg

[Rocky]

Resumption of carry trades is right around the corner, as I watch it. Of course, everybody who dumpped these pairs are dying to get back to business at these very attractive prices.

But, majors/Yen acted odd now, maybe due to the coming BOJ announcement, create them oscillate inside a broad range... That behaviour kept me out of carries today, because I was dying to long the c#@ out of them today...

Awaiting a new moment. Actually I really do have some longs on the yen crosses. A 1:7.5 long (ave. price 155.41) on the eurjpy plus a 1:2.5 long (ave. price 228.33) on the gbpjpy (I really want to get larger on the gbpjpy long since it feels like cable will be taking the lead in the euro). I will be awaiting for a little pullback in the gbpjpy rate to go long. You may view my execution was not great on the next eurjpy add. I'm trying to improve on my own entries.
https://www.cliqforex.com/attachments/1528607669.jpg

[Rocky]

Here's the chart for your own gbpjpy trade. I really wish to add to the trade but I believe I need to work on getting better prices in my entries. Waiting with this pullback is killing me but I know I need to be patient.
https://www.cliqforex.com/attachments/1528607670.png

[Rocky]

they are believing spirited is overblown, I believe. Then again, they may be thinking dollar is oversold. I guess that there will always be vendors at the 3300/3400 area since it's near the previous high. The eurusd is sitting at 3280 at the time of this post. A fantastic r/r trade, would be to go long here with a stop/reverse at 3265. I am watching the 3270 level attentively at this time.

[Bruneymendwz]

Here's the chart for the gbpjpy trade. I really want to add to the trade but I feel I want to work on getting better prices in my entries. Waiting with this pullback is killing me I know I want to be patient. Issue now is whether or not 230 will maintain. Cable is at 78 percent fibo from big fall, so we will require a couple of hours for consolidation today.

I don't see it like a time to build new positions. I am long Cable out of 9430 and added at 9505 on the news and that's it.

[Bruneymendwz]

Allow me to...

I'm holding an annoying -30 drawdown Euro now... Can you guys think that it would get back to 3300 today, so I could cut this reduction?

This SOB is murdering my profits in Cable.

[ina99]

Help here...

I'm carrying an annoying -30 drawdown Euro today... Do you guys think it would return to 3300 today, so that I could cut this loss?

This SOB is murdering my profits in Cable. I am not big on predictions, better in postdictions... however, I think EU will reverse at around 3265 and then it should climb up past 3300

But don't trade on my advise, The strain will be too much for me... LOL

[Bruneymendwz]

I am not big on predictions, better at postdictions... but, I think EU will reverse at about 3265 and then it must climb up past 3300

But do not trade on my advise, The strain would be too far for me... LOL no difficulty... I read stops constructed in 3275 area, but they aren't boosting Euro around 3300... My extended 3307 was expecting farther to the upside, after that crazy Friday. But no... It is now ranging and frying my nerves just.

I will give it a bit more time today. Let us see...

[Bruneymendwz]

Made a trading CAD news now. 40 pips at a spark.... EUR reduction is more than absorbed now...

Never traded USDCAD before, but it had been soooooo appearing it was going to fall down the gap in the news... https://www.cliqforex.com/attachments/1528607670.png

[Rocky]

With tomorrow's PCE figures from the US and the GDP data from the property of the looney, there needs to be some good volatility. UC has been trading since last Tuesday's CPI release; tomorrow might see us move from this range. In line with my general dollar bearish stance I've put in some sell stops at 1560 and 1550, if we see a move lower it might be quite violent.
https://www.cliqforex.com/attachments/1528608026.jpg

[Rocky]

The news is coming out in a few minutes. I'm still quite long eu and anticipating a greater eu price after the launch.

[Rocky]

I am done with my eu's. I reversed short at 3292.

[Bruneymendwz]

I really don't have some quantifiable system; I'm pretty much a pure discretionary trader. The title may be a bit of misnomer, I do have risk control rules in place, but every trade setup is approached in another manner. I exchange the information flow, which involves looking at what's going from the market, forming an opinion and acting on that view. These can be trades from my account. Nice to know I'm not alone... https://www.cliqforex.com/attachments/1528607667.jpg