Comments on: Good week. http://fxmadness.com/2010/01/22/general/good-week/ This blog goes where few traders dare - the exciting world of Forex outside the dollar! Sun, 22 Apr 2012 16:22:11 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Creative accounting? | fxmadness.com http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-5141 Creative accounting? | fxmadness.com Sat, 06 Feb 2010 16:37:30 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-5141 [...] focus on one direction only. At any rate, slow week ended on very good trades, even better than the JPY transactions couple of weeks ago. Hope this keeps [...] [...] focus on one direction only. At any rate, slow week ended on very good trades, even better than the JPY transactions couple of weeks ago. Hope this keeps [...]

]]> By: admin http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4999 admin Sat, 23 Jan 2010 16:44:38 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4999 Michelle, congrats! Michelle, congrats!

]]> By: admin http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4998 admin Sat, 23 Jan 2010 16:43:59 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4998 It sounds good, Paul. Regarding EUR-AUD, you have another resistance at around 1.5800, minor high on daily. Once price moves above that, it could be a nice run. It sounds good, Paul. Regarding EUR-AUD, you have another resistance at around 1.5800, minor high on daily. Once price moves above that, it could be a nice run.

]]> By: Michelle http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4995 Michelle Sat, 23 Jan 2010 14:49:16 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4995 Mike, great week. Yen pairs made me money, too. It was a very nice move on Thursday, couldn't believe my eyes when it happened. Great trade selection! Mike, great week. Yen pairs made me money, too. It was a very nice move on Thursday, couldn’t believe my eyes when it happened. Great trade selection!

]]> By: Paul http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4993 Paul Sat, 23 Jan 2010 08:23:09 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4993 The printing press was on and making money this week! Thanks for the AUD/JPY trade which I got on. I also jumped on the EUR/AUD long I emailed you about and am still in it for about 200 pips. I am going to try my hardest to stay in this to see if it goes back to the resistance at 1.5948...but I have a habit of losing my conviction along the way. We'll see. The printing press was on and making money this week! Thanks for the AUD/JPY trade which I got on.

I also jumped on the EUR/AUD long I emailed you about and am still in it for about 200 pips. I am going to try my hardest to stay in this to see if it goes back to the resistance at 1.5948…but I have a habit of losing my conviction along the way. We’ll see.

]]> By: admin http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4992 admin Sat, 23 Jan 2010 04:59:49 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4992 Alex, thank you for kind comment. Unfortunately, it isn't always like that. Sometimes it takes days, even weeks, when my viewes actually line up with what the market is doing. That's when days like the last couple ones come. Not very often. Alex, thank you for kind comment. Unfortunately, it isn’t always like that. Sometimes it takes days, even weeks, when my viewes actually line up with what the market is doing. That’s when days like the last couple ones come. Not very often.

]]> By: admin http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4991 admin Sat, 23 Jan 2010 04:57:37 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4991 Yes, the risk was about 200 pips, the minor low right before the reakout. Target was 300 pips, or 2.0000 level. If you go through my Friday posts in the past, you will notice that I often close trades which show nice profits, but short of target. By this time of the week I'm tired, don't feel like trying to sqeeze every last possible pip out of it, Especially with fast moving pairs, like this one, things can change at Sunday open. I don't like showing 200 pips or so in profit and see it evaporate on some sentiment change after the weekend. Also, had the trade been taken using daily, maybe even 4H, when the duration is expected fairly long form the start, I might have held on to it, As it was, 1H breakout, fast move, wanted to close the shop for the weekend, so I took the profits. Yes, the risk was about 200 pips, the minor low right before the reakout. Target was 300 pips, or 2.0000 level. If you go through my Friday posts in the past, you will notice that I often close trades which show nice profits, but short of target. By this time of the week I’m tired, don’t feel like trying to sqeeze every last possible pip out of it, Especially with fast moving pairs, like this one, things can change at Sunday open. I don’t like showing 200 pips or so in profit and see it evaporate on some sentiment change after the weekend. Also, had the trade been taken using daily, maybe even 4H, when the duration is expected fairly long form the start, I might have held on to it, As it was, 1H breakout, fast move, wanted to close the shop for the weekend, so I took the profits.

]]> By: Alex http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4988 Alex Sat, 23 Jan 2010 03:53:53 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4988 Amazing performance! Amazing performance!

]]> By: Thomas http://fxmadness.com/2010/01/22/general/good-week/comment-page-1/#comment-4984 Thomas Fri, 22 Jan 2010 19:21:04 +0000 http://fxmadness.com/2010/01/22/general/good-week/#comment-4984 Hi Mike, What is your average risk/reward ratio for such trades? Like with EURNZD you stop should have been 200 pips. Thomas Hi Mike, What is your average risk/reward ratio for such trades?
Like with EURNZD you stop should have been 200 pips.
Thomas

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