Currency trading (Oct 16th > 20th)

[wasp]

USD/NOK and USD/DKK mostly

 

[KTD]

Interesting,- I used the USDDKK alot myself (prolly cuz im a dane) for about 3 years, but stopped due to the lack of variation. It dosnt change that much the cross..

 

[Offshore Trader]

"Bother, bother,bother........" (quote adjusted as its before the watershed - Ed)

 

[wasp]

DKK does tend to be flatter and more opposing to Cable in its moves.

NOK can be absolutely great though, you can catch a weeks worth of cables pips in a day!

 

[KTD]

yeah, I've always kinda avoided the NOK crosses, cuz they can really rip you good. Also alot of clearers have been operating there the last few weeks, ive noticed. Makes the uncertainty even bigger.. alongside the profits of course,

The problem is that the DKK has a fixed currency agreement with the EUR.. so not that flamboyant.

 

[Offshore Trader]

Got caught in the cross fire today and reached my daily stop loss. If not, would have been long at 08 and have saved the day. Sometimes being disciplined is bad!

 

[wasp]

Somehow, I just don't think its gonna hit my 8221 target

 

[KTD]

wow! I honestly didnt think it would break it!

One for the books! ... huge loss on my part.. ouch.. havnt closed my shorts yet tho.. hoping and praying for a retrace!

 

[Uphios]

Somehow, I just don't think its gonna hit my 8221 target

8221 !!! Damn. I thought we were hanging on for a BIG target.

 

[wasp]

8221 !!! Damn. I thought we were hanging on for a BIG target.

Conservative I know!

 

[Uphios]

Ha Ha, Margin call. In their face. Don't they know it's .8221 or bust!

 

[trendie]

Whoa is me, one of such little faith.
We seem to be getting a Thursday high, for the Delta turn. !
( I thought it was turning down, and unlikely to breach yesterdays highs )

EDIT: I love Delta - far more colourful than my own system.
EDIT2: am not saying we are due a turn - could be an inversion.

 

[dewi141]

hi

for what its worth, there is a down trendline resistance between 18775 and 18825 on teh '25 pips' point and figure chart

(from 19050 high end sep and 18875 high mid oct)

cheers

 

[Baruch]

Well, my system has sent me short again, although my head tells me it's going the other way. My head's normally wrong though!

Maybe you should start following your head?

 

[JER08]

Just gone long gbp/jap 222.03 stop 221.32 target open.

 

[chestney]

8774

Bang

 

[trader79]

8774

High on my Oanda platform is 8772.5.

Excellent DC. My hats off to you.

 

[wasp]

trendlines and their uses

sometimes awful handy

 

[dewi141]

sold cable at 8772, s/l at 8827

 

[dc2000]

cheers chaps