Currency Trading Dec 18th-22nd

[ChowClown]

Morning,

Breakout orders for this morning: long 9587.7, short 9544.3.

Good luck all.

 

[jacinto]

morning all

i am currently swissy long 2204, stop 2184, looking for a move up. lets see what comes

good luck all

 

[ChowClown]

...keeping an eye on two wolf patterns atm on hrly and 3hrly charts.

 

[jacinto]

hi chow,

guess you are short now right? good luck

 

[ChowClown]

Hi J, yes, short now - hoping the hrly wave pattern develops further towards 5.

 

[Offshore Trader]

Long dollar against GBP and CHF. 1.9542 & 1.2197

 

[a_gnome]

Morning all,
Hope you all had a good weekend. Last week was another week of whipping for VEBO Variant though I did get some good swing trades off to compensate. I'm still holding a short position from Friday and have entered a short swing trade at 9547, looking to take half off at around 9510.

As far as the big picture is concerned, my end of year target still seems intact though it's approaching a critical re-test of the lows on the 11th which may lead to its undoing. Here's a chart snap shot for those who are interested:

 

[jacinto]

morning all

i am currently swissy long 2204, stop 2184, looking for a move up. lets see what comes

good luck all

im not too happy with eurusd price action, so i am decreasing my risk to -5 (i.e. stop to 2199)

 

[ChowClown]

Hi J, yes, short now - hoping the hrly wave pattern develops further towards 5.

stop now b/e on the vebo short. Will lock in around 500.

 

[Offshore Trader]

Come on dollar! Break higher!

 

[a_gnome]

...and have entered a short swing trade at 9547, looking to take half off at around 9510.

Half taken off now and stop to b/e on the rest.

 

[ChowClown]

...i have this area (on the 15) as a reversal area, so i've taken off 80%. Rest set at +20, to catch further follow through on the hrly chart action i posted earlier.

 

[jacinto]

im not too happy with eurusd price action, so i am decreasing my risk to -5 (i.e. stop to 2199)

be now. there is a key fib at 2217, failure to break means deep pullback IMHO. Clear break opens move to next fib at 2320. good luck all

 

[ChowClown]

...this momentum bodes quite well on the hrly. Have a target area of 9440ish for this leg down, to set up longs at a 'sweet spot' level....well that's the theory

 

[ChowClown]

...i have this area (on the 15) as a reversal area, so i've taken off 80%. Rest set at +20, to catch further follow through on the hrly chart action i posted earlier.

20% trailer now +30.

 

[Offshore Trader]

A sustained move would be nice as it might signal a return the market we used to have. Looks like cable didn't like it below 1.9500 but swissy is the key, as jacinto says we need it above 1.2220

 

[ChowClown]

20% trailer now +30.

...flat. Today's short vebo done and dusted.

 

[jacinto]

as always, i end up playing with stops, stop to where it was...-5

 

[jacinto]

as always, i end up playing with stops, stop to where it was...-5

out for -5

 

[ChowClown]

....hrly shorts still the bias, but this 15min counter now in play....i'd like to hop in short again later if given an opportunity.