Nice stats there Simba... you're no spring chicken.

I just checked the USD/CAD chart after reading your post. I guess even an amateur like me myself has to nail one every once in a while. I'm going to spout off another prediction which in all likelihood will back-fire and send me running to the hole I crawled out of.

I'm thinking the pair will open with a 30 to 40 pip gap in your favor (north) come Sunday night. If it doesn't we should have a clear sign of whether she's still heading south by Monday (Tuesday at the latest). If the gap occurs, it's smooth sailing for a couple of weeks - at least.

I hope you don't mind the added comments, just trying to add to your "what if" catalog.

Good luck on the trade.

MM

Hi MM,

I am glad that you posted your comments,I don`t mind at all since they are
very informative,and,as you say,another additional what if option..

Regards

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

Well Simba the gap never happened. I was hoping to see a better formation on the monthly pin bar... I didn't get it. I guess the one that's currently formed will have to do... although it could be just a little bit prettier in my opinion. I think between today and tomorrow we'll know for sure. As of right now I would have to say you're sitting in a good spot.

I'm not a big fan of speculating... but I must say it's a lot of fun when it's not on your dollar. I interviewed a few years ago with Brian Gelber (met him through an acquaintance, and had no idea that he was interviewed in the original Market Wizards book). After a brief 5 min conversation in his office he called me a speculator and kick me out. I took that to mean that speculation was not a good thing. So, till this day I try to avoid it but have a hard time doing so since it seems to be an intrinsic human trait.

Alright, I'm off to baby sit my GBP/USD positions... I've been shorting it since last Wensday... ouch!!! I'm feeling the burn.

Good luck Simba, I'll be dropping in periodically.

MM

Hi,

CLOSED TRADES:NONE YET


OPEN TRADES:

eow date trade eowclse open p/l open p/l $

07/July BUY 15 USDCAD @1.0720 1.0491 -229 pips -34.350$

COMMENTS:Either USDCAD has made a bottom at these levels -in which case we will add to the position-or,it will break down the levels-in that case we will close and reverse the position..raise or fold..

Regards

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

Hi,

New trades

Sell 5 EURUSD @1.3753...NO SL..NO TP
Buy 5 USDJPY @ 121.65..NO SL..NO TP
Buy 5 GBPJPY @ 246.57..NO SL...NO TP

Regards

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

Hi,

Closed yesterday trades

Sell 5 EURUSD @1.3753...NO SL..NO TP CLOSED @1.3768 -15 pips -749$
Buy 5 USDJPY @ 121.65..NO SL..NO TP CLOSED@ 1.2189 +24 pips +984$
Buy 5 GBPJPY @ 246.57..NO SL...NO TP CLOSED @247.97 +140 pips +5.747$

Total Net profit:+5982$

USDCAD trade still open

BTW,these trades are being audited by collective2..see pic

Regards

Attached Images

ORDERS.GIF (13.5 KB, 216 views)

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

Hi,

CLOSED TRADES:

Sell 5 EURUSD @1.3753...NO SL..NO TP CLOSED @1.3768 -15 pips -749$
Buy 5 USDJPY @ 121.65..NO SL..NO TP CLOSED@ 1.2189 +24 pips +984$
Buy 5 GBPJPY @ 246.57..NO SL...NO TP CLOSED @247.97 +140 pips +5.747$

Total Net CLOSED profit:+5982$


OPEN TRADES:

eow date trade eowclse open p/l open p/l $

13/July BUY 15 USDCAD @1.0720 1.0473 -247 pips -37.050$

COMMENTS:Either USDCAD has made a bottom at these levels -in which case we will add to the position-or,it will break down the levels-in that case we will close and reverse the position..raise or fold...STILL PENDING

Regards

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

Hi,

CLOSED TRADES:

Sell 5 EURUSD @1.3753...NO SL..NO TP CLOSED @1.3768 -15 pips -749$
Buy 5 USDJPY @ 121.65..NO SL..NO TP CLOSED@ 1.2189 +24 pips +984$
Buy 5 GBPJPY @ 246.57..NO SL...NO TP CLOSED @247.97 +140 pips +5.747$

Total Net CLOSED profit:+5982$


OPEN TRADES:

eow date trade eowclse open p/l open p/l $

20/July BUY 15 USDCAD @1.0720 1.0484 -236 pips -35.400$

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

New Positions Entered

Sell 5 Gbpchf @ 2.4812 No Sl ,no Tp

Sell 5 Usdchf @ 1.2052 No Sl, No Tp

Sell 5 Eurchf @1.6654 No Sl, No Tp

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino

Hi

Sell 5 Usdchf @ 1.2052 No Sl, No Tp CLOSED@1.2044 +9 PIPS +373$

Sell 5 Eurchf @1.6654 No Sl, No Tp CLOSED @ 1.6647 +7 PIPS +290$

NEW TRADES

Buy 5 EURJPY @ 166.69 No Sl,No Tp

Buy 5 USDJPY @ 120.63 No Sl, No Tp

__________________
Somos mortales hasta el primer beso..y la segunda copa de vino