Thread: Holy Grail trading with Ikee

Trading Short Usd/Jpy Tgt 88.60, Eur/Jpy Tgt 118.15, Eur/Usd Long Tgt ??, Missed Aud/Usd up move. Bugga.

Gbp/Usd Long Tgt ?? Could go back as far as 1.6060. 1.5880 & 1.5950 are also Tgts. One at a time!!

Waiting for Eur/Aud to show it's hand......

No wonder I am an Ozzie Bear with horns & cloven hooves. This is the 9th time in 6 months on the weekly chart that 1.0600 has been attacked.......Sucess this time.?? If so the target if it can get past 1.0640 is 1.099999999999.........

Originally Posted by Ikee

No wonder I am an Ozzie Bear with horns & cloven hooves. This is the 9th time in 6 months on the weekly chart that 1.0600 has been attacked.......Sucess this time.?? If so the target if it can get past 1.0640 is 1.099999999999.........

Once again a failure to break through the resistance line. Early days yet but a lengthy Aud/Usd short trade does look promising. My retracement target is 1.0430 which happens to be the 38% Fib'. My Trending target is 1.0260 which coincides with the 74% Fib'....... Of course This means the Eur/Aud is heading North & making the inverted HnS on the weekly chart look more & more feasible. Retracement Targets 1.0350. Trending targets is 1.4290 with speed bumps at 1.3470 & 1.3850........
I am going to concentrate on these two pairs.

Gotta love it when things go to plan. For the third week in a row trading started off choppy with Thursday coming to the rescue.
Concentrated on the Eur/Aud & Aud/Usd Plus "Gold" Couldn't resist it when Gold Started following the Ozzie South.
Took good profits on all Friday morning, then opened new trades when the retracements terminated. I had expected larger retracements but was happy to go with the flow.
All 3 still open & I will be watching closely on Monday for continuance or major retracements.
I will post charts & comments for each separately.

As usual I will let the H4 chart decide my trades. However The Ozzie does appear to be heading South with what looks like the start of a trend. Failure once again to break through the major resistance at 1.0590 & now sitting on the major support line makes it very interesting. This pair will have to make another about turn & exceed 1.0520 to quell downward momentum to parity & beyond............

Originally Posted by Ikee

As usual I will let the H4 chart decide my trades. However The Ozzie does appear to be heading South with what looks like the start of a trend. Failure once again to break through the major resistance at 1.0590 & now sitting on the major support line makes it very interesting. This pair will have to make another about turn & exceed 1.0520 to quell downward momentum to parity & beyond............

The opposite applies to the Eur/Aud. North appears to it's destination. As with the Eur/Usd I am playing this as an inverted HnS........

Gold is once again in lock step with the Ozzie. I will be trading this one Short. Targets. 1580 probable. 1480 possible........

While the cats away the mice will play...... Charts below show what happens during the 2 1/2 hrs before the markets open. Mt4 charts show the GAP. Marketscope shows how it happened......
The daily pivots are in the wrong direction for my trades to increase so needless to say I have closed them all. Gap on Eur/aud closed within 3 mins.

PS; Gold trade still open. Will wait to see what it does.

Closed all positions. Waiting to get back in at 1.0430.

Eur/Aud shows the way...........

Another week of spasmodic trading. Made 406 pips on this account & lost over 1/2 of them. Ended up with 182 pips profit.
On my other account I made 358 pips & lost only 54 of them. Funny thing is at the time I thought I was trading them both the same way.??
On analysis, I find that twice I left trades open over night on this account to find winning trades had turned into losing trades. So instead of a total of 608 pips I only ended up with 548 pips combined. Food for thought. One trade loss of 50 pips annoyed me as the trade would have come good if my stop loss had been 55 pips. Geez. I will stay with the 50 pip stop loss. It only let me down once. I will need to do my home work a little better before leaving trades open while I sleep. It doesn't always backfire.
Sticking to the Ozzie Usd & Eur/Aud Is working well & using the H4 CCI zero line trigger is also proving successful.

Aud/Usd appears to be in a down trend, however price will need to drop below 1.0330 to confirm this. I will be seeking a target at 1.0275 before the next serious retracement. A 68% retracement from 1.0275 comes in at 1.0500. So above this level is likely to kill the Bear & reinstate the Bull. I will be playing this as a bear trend with 2 x 5 wave sets. I'm thinking 1.0275 will be the end of W3 of the 1st set. I have a w5 target at 1.0120. W4 could be ugly. It will be interesting to see where the pivots are tomorrow. A retracement to 1.0430 is probable & 1.0460 possible.........

There is no doubt, sticking to one or two pairs & getting to know what makes them tick is a wise move. Knowing what makes a pair move as it does gives you a distinct advantage. Sure their are plenty of other pairs to trade at any time, but taking a trade without some knowledge of the pairs behaviour patterns can have it turn & bite you on the A$$.

Ozzie, Ozzie, Ozzie. Aaww hell, just go short & hang on making lotsa loot while the country slowly disintegrates. .
. Visage this caption.!!!!! Julia to Tony. "Here Y'ah Tony, It's all yours, see if you can turn this golden turd into real gold again for us to turn back into crap again some time in the distant future.!!!!!!!

Short Aud/Usd & Gold.
Long Eur/Usd & Eur/Aud.
All accumulating pips nicely.
Gotta take a trip across the ditch (to NZ) For Mother in law's funeral so will be away from Poota from tomorrow 'till Tuesday. Will let trades run with appropriate stops in place..........

Originally Posted by Ikee

Ozzie, Ozzie, Ozzie. Aaww hell, just go short & hang on making lotsa loot while the country slowly disintegrates. .
. Visage this caption.!!!!! Julia to Tony. "Here Y'ah Tony, It's all yours, see if you can turn this golden turd into real gold again for us to turn back into crap again some time in the distant future.!!!!!!!

Damn, I came in here to return the rep but your a liberal voter

Still, nice thread, good too see you trading EURAUD - I can not wait til the next downturn - huge pips and bonus roll.