Tansen's Journal

jack

Administrator
Staff member
Tansen said:
Stops were moved long ago on Sunday or something, still in action for me so no need to really anything, ZzzzzZZZz
That's the key.. set it, ignore it, continue on not letting each tick bother you (for this kinda trading that is..)

Nice. :thumbsup:
 

Tansen

Well-Known Member


So I took profit on one already the result was 330 pips and the second position is now... 330 pips in profit...

This was thanks due to the FOMC meeting which catapulted everything today.

Also on a sad note this feels like a scalp to me, I looked at the date and i thought it was 2 weeks and it turns out it was only 1 week from the 11th - 18th... Oh well time to start searching for the 2ndary target exit
 

Tansen

Well-Known Member


So not much done or going to do this week. As you can see we see some aggressive position's being lifted

We may see the DX retrace up there before further downside.




Sadly enough it looks like the tables have slightly shifted in favor for the Euro long whether the case is were offloading all the longs we can right now in favor of a market shift to the downside later remains in the air.




Nonetheless if the euro is the pair to go long it looks as if we may have a sweet setup in play


(Insert GBP/USD Chart, Too lazy to re-do realized I accidentally posted something I shouldn't have)

As for this pair I am still in my position but I moved the stops pre-mature and there they have been reset back a bit, not to B/E but enough for at least a day's scalp.

I did this because I realized I moved it based on fear instead of moving it because a proper retracement happened on the 4hr. Which in turn would of given me an OTE and plausibly another opportunity to scale in.


So all in all this week we've seen a ton of shit happen. Realistically I have no idea what the hell is going to happen.
 

Ramy3

May the pips be with you!
Tansen said:
So all in all this week we've seen a ton of shit happen. Realistically I have no idea what the hell is going to happen.
Welcome to trading. :)

Cheers!
 

Ramy3

May the pips be with you!
Rammicus, lol, i like that. Sort of condescending in a nice way. ??? Sorry Tansen, i do not trade the pound, it never agreed with me for some reason...

So you are on your own here mate. :nickleflip:
 

Stephen

Active Member
Tansen said:
So all in all this week we've seen a ton of shit happen. Realistically I have no idea what the hell is going to happen.
Sir Steevus Maximus here...I also have no idea what the hell is going on...and its scary.

On the bright side, made a 4% return trading RAD last week...should have stayed around the past couple days though for 10% more. The $70 gain justified my GTA5 purchase. :D
 

Tansen

Well-Known Member
So now that most of the week has flown by I saw the setup last night unfortunately it didn't break Asia's low and therefore I didn't jump into the long unfortunately.

HOWEVER



It seems like, assuming we break asia's low in the next hour and a half I may have the long I am seeking.
 

pipmart

Well-Known Member
I'm holding a euro buy at 1.3503 sense Nyo. Looks like it might not be the best price but ill hold and see how it looks tomorrow
 

Tansen

Well-Known Member
pipmart said:
I'm holding a euro buy at 1.3503 sense Nyo. Looks like it might not be the best price but ill hold and see how it looks tomorrow
You actually got a position I wanted but was unwilling to take at the price I was going to receive lol.
 

pipmart

Well-Known Member
Yeah... the price wasn't optimum because I bought during nyo yesterday. Should have waited for the asian range... its okay though because I closed the position 1.3560. Top of the daily range. Don't ask me to ever do it again. haha
 

Tansen

Well-Known Member
So a week I can only recap in via this comic










Took a 10pip loss on EUR/USD was 12 reduced 2 thankfully

Went into USD/CAD took 10.9 pips because I didn't want to hold it, I got in on a bad place anyways but it missed my scale out by 0.3 pips thank you spread.
 

jack

Administrator
Staff member
lol.. Tansen, you rock.. if this was just a 10 pip loss, I'd hate to see what happens when you lose 50. :p
 

Tansen

Well-Known Member
I'm kind of late on this but again I stated in the beginning I will only post if there's any relevance of something I'm going to do and unfortunately the EUR never set me up for any good longs so all of them were a miss unfortunately



So first we see a lot of poopla.

Bonds are meh, still kind of bearish with the DX and if the DX drops again it has a nice down slide after. As far as the COT is concerned the GBP is mixed the euro is piling shorts. So I guess when this turns around I'll be looking to the euro for shorts.






As this confirms it.





Assuming we don't rally just yet with the dollar if we fall from here it`s another thud were going to make which would be awesome.




My GBP trade update and note this has officially been recorded as a swing trade now since were on the 3rd ish week now. Just another 50 pips and I`ll set my new record at 500 from the previous I believe was 350? or 440 I can't remember.

The GBP in general has some pretty spaced out levels and I don't think we would consider them at all.






The euro however has some interesting levels with that huge grind we had up top but the more interesting story is the levels that line up below. Mainly 1.3450 a level or two in between that and 1.2938.


So right now I guess if we raid that high I will wait until I get some good short plays out to hold maybe target another 500-600?
 

Tansen

Well-Known Member
Euro looked toooooo tempting for a short last night however, I assumed there was too much strength in it so no trade :(
 

Tansen

Well-Known Member
I just get the feeling another long wait is upon me for a position.



Not much action still waiting for shit.

Might see downside if we pop that high and if that were the case I'd be sticking with the Euro for shorts. Based on the numbers alone since the pound is relatively net even.




Short term market structure agrees with EU short





What I am looking at



So I don't know it looks like its going to be a mixed consolidated week

Also trade update my GBP/USD got stopped last week



Unfortunately 20 pips short of a new 500 record... as it stands I believe the record, (going back via my history), was actually 440 previously set this year.
 

Tansen

Well-Known Member
I know I've been slackin, but I guess its reflective of my performance anyways, I was looking for shorts and it gave me no quarter. Mainly in the EUR, I think I lost about 4 trades? I can't remember still up thanks to that long carry.

Anyways,




So lets get this week started. Still looking for shorts on the Euro and its aptly so. Since we are seeing some shorts piling up. and the bonds are not majorly bullish but has retracement potential to the upside. Along with the dollar having an upward market structure.





Unfortunately it`s not now for the shorts since I don`t want to fight the upward market structure. A mistake I so happened to fall in to last week.



Seeing as were in a key area we have a bit of indecision all about. We`re in a key area to move, but whether up or down is the tricky part. We got some pretty close ranges and levels so I guess I`ll have to see after Canadian Turkey day.
 

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