Trade Rec 13 Long NZD/USD 0.8100 Target = 0.8153, + 53
Mathematical Stops, Benchmarks= 0.8118, 0.8123, 0.8148
Trade Rec #14 Sell NZD/JPY 65.83, Target= 65.05, + 78
Mathematical Stops, Benchmarks = 65.74, 65.62, 65.36,
This is an educational exercise, please manage your own trades as to your own comfort levels. My trades are live here.
11 trades closed since Oct 25, + 900. 1 Trade ongoing.
Comment by Brian Twomey on November 16, 2012 at 11:23pm Peter, Happy birthday to your daughter and many more. My concern with GBP/NZD is explaining the pair, its movements. Its a bond like GBP/CHF and moves higher in risk off markets. I wasn't aware of the spreads others paid. Resistance today was 1.9569. That pair will reach its destination.
That says NU will be just fine too. For NJ, its just warming up for its downside move. As EU gets closer to 28 again, I will reevaluate. That trade just got away, can't say much more. Bad entry, bad trade. I want to determine a possible profit target or minor loss.
I'm confident of the remainder trades though. Take care and have a great weekend too
Comment by Jason on November 17, 2012 at 1:15am
Comment by Peter jcp on November 17, 2012 at 9:24am Hi Jason - yes agree with you here - Brian has devoted a large amount of time and effort assisting all the members who have been following his live twenty trade experiment- and its a credit to him
I am sure everybody following and who is involved with the trades will have learnt things - I certainly have although I know in trading it is a ongoing journey - just like life - experience comes with time and study.
Thank you both re my daughter's 18th - I just wish I was that age again - and knew what I know today ;-))
Have a great weekend
Peter
Comment by Brian Twomey on November 17, 2012 at 1:19pm
Comment by Jason on November 17, 2012 at 2:28pm
Comment by Jim Mathis on November 17, 2012 at 8:11pm "If your actions inspire others to dream more, learn more, do more and become more, you are a leader." John Quincy Adams
cheers Brian
ah to be young and good looking again
awesome Peter Daughter's 18 cheers
Lately when I see younger generations in my family couple questions come up
Was I ever that young?
Am I now the old man?
haha Time does fly
have a great weekend
Comment by Brian Twomey on November 19, 2012 at 1:24am EU Target this writing = 1.2787. NU target from Long 0.8100 = 0.8153, NU Target will be close. Must cross 0.8148 then 53 for + 53. NJ = Sell 65.83 Target 65.05 for + 78 = Dead on Track
Comment by john richmond on November 19, 2012 at 10:56am Brian what do you mean EU target 1.2787. your trade NU hit target.
Comment by Brian Twomey on November 19, 2012 at 11:25am NU Long 0.8100, Hit Target 0.8153, + 53, 13 trades closed since Oct 25, all Targets hit, 1008 pips total. NJ= Absolute confidence in 65.05 Target from sell 65.83. EU Long 1.2850 = reevaluating for small loss, small profit or breakeven. In Line with my friend Sundaram comments, future trades will accompany downside and upside price points
Comment by Brian Twomey on November 19, 2012 at 11:50am Hi John, EU = I saw Saturday 1.2787 target. Reevaluating new target to determine small loss, small profit or breakeven on long 1.2850 trade. Fear not, all is covered
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