Currency trading (Aug 14th > 18th)

[wasp]

bugger.


Wasn't expecting that.


maybe...

 

[dc2000]

bugger what?

 

[wasp]

bugger what?

I was short, it jumped so I went long. it then dropped!

Only a small loss but still.... wait for a long with a better price instead.

 

[trendie]

wasp:
you chart shows cable high at arounf 8970.
my MT-4 chart shows high so far no higher than 8945.
how come ?

 

[dc2000]

ah I see

have jumped off my long at 25 as the price dropped lower pre news for now a quick calc gives 853 but still I'm going to stay on sidelines till later today

 

[wasp]

wasp:
you chart shows cable high at arounf 8970.
my MT-4 chart shows high so far no higher than 8945.
how come ?

Hi Trendie,

That high at 70 was at yesterdays high but todays high is circa 945.

 

[Offshore Trader]

wasp:
you chart shows cable high at arounf 8970.
my MT-4 chart shows high so far no higher than 8945.
how come ?

The high was around 1.8975 after yesterday's move up around 3 BST

 

[wasp]

ah I see

have jumped off my long at 25 as the price dropped lower pre news for now a quick calc gives 853 but still I'm going to stay on sidelines till later today

Well as per plan I shall wait for my next MA cross which I imagine will be around US opening time... Still favor the long from here... no lower than 885 or I'm completely confused!

 

[trendie]

Hi Trendie,

That high at 70 was at yesterdays high but todays high is circa 945.

whoops!
was so focussed on just today, missed the bigger picture re: charts.

 

[smbtnt]

Potential falling wedge on the 4hr, lot of patience required to trade these in my experience.

The wedge successfully broke upwards giving some clean pips yesterday, now testing the original downtrend exactly shown on wasp's analysis chart above.
Added to my long @ 8903.

Good trading to all.

 

[Offshore Trader]

Well I guess we are stuck until 1.30 now. Long at 01 but worried about action below 90 so have quite a tight stop. We will probably therefore see a quick dip down to about 75 before roaring higher!!

 

[wasp]

The wedge successfully broke upwards giving some clean pips yesterday, now testing the original downtrend exactly shown on wasp's analysis chart above.
Added to my long @ 8903.

Good trading to all.

Can you and if so, how, do you decifer a target when working from these patterns?

 

[dc2000]

before roaring higher

cant see any roaring before Thursday more like a sedate Sunday drive

 

[wasp]

We have the US CPI at 1:30...

 

[Offshore Trader]

My ability to move the markets in the opposite direction bu taking a position remains undimmed. EUR/GBP looks the key to me 6770 in particular

 

[jonnyy40]

1.87 is still alive

 

[wasp]

still waiting on that long........

 

[dc2000]

a signal would be good

Burning bush
semaphore
smoke rings
fireworks
breakout
breakdown

 

[wasp]

a signal would be good

Burning bush
semaphore
smoke rings
fireworks
breakout
breakdown

MA crossover :cheesy:

 

[jonnyy40]

iceberg