Currency trading (Oct 23rd > 27th)

[ChowClown]

...long from 753 this morning and this harmonic continues to play out.

...now entering the retracement zone 8784-8826.

 

[ChowClown]

...now entering the retracement zone 8784-8826.

...if 786 holds as the high then retracement target zone = 718-730.

 

[Offshore Trader]

Lost my bottle and closed 1/2 the long at +20 remainder at B/E. Has to be good chance of very quiet afternoon and don't want to be taken out of whole position at B/E after getting hammered yesterday.

 

[Uphios]

Now targeting 8840, just wish I could bring myself to back it. Still, should be a good entry point for short if we get there.

 

[zuke]

Afternoon all. I am currently: 3 LOTS

LONG 8765, Stop 8726, TP 8870

also USD/NOK

SHORT 6382, Stop 6586, TP 5769

Both 1:3 RR

I will scale out 1 lots when trade is 1:1 onside and run trailing stops equivalent to the SL for the remianing 2 lots.

Good trading all.

 

[wasp]

8500 anyone?

 

[ChowClown]

...if 786 holds as the high then retracement target zone = 718-730.

...ok so now assuming the high's in, retracement zone tweak = 721-731.

 

[Texas_Hedge]

8500 anyone?

I thought you were bullish last night.

Texas

 

[wasp]

I thought you were bullish last night.

Texas

How things can change in such a short time

 

[jacinto]

8500 anyone?

8510 would do

but I am affraid that there will be a knee jerk reaction to tonight's message.

 

[hornblower]

24 hours is a long time in forex

 

[Texas_Hedge]

How things can change in such a short time

This is true, our trade alerts have just gone out as we speak...

Texas

 

[ChowClown]

...i'd rather see a bounce from here though for the long i'm in atm :cheesy: (5min).

 

[Texas_Hedge]

...i'd rather see a bounce from here though for the long i'm in atm :cheesy: (5min).

Where are you long from Chow?

Texas

 

[ChowClown]

753 Texas, with stops at b/e.

 

[Offshore Trader]

My whole position is closed now because we might very well get a desperately slow afternoon, although sods law probably means it will now surge higher :cheesy:

 

[Texas_Hedge]

753 Texas, with stops at b/e.

Thanks Chow.

Hope it's a good one.

Texas

 

[zuke]

Afternoon all. I am currently: 3 LOTS

LONG 8765, Stop 8726, TP 8870

also USD/NOK

SHORT 6382, Stop 6586, TP 5769

Both 1:3 RR

I will scale out 1 lots when trade is 1:1 onside and run trailing stops equivalent to the SL for the remianing 2 lots.

Good trading all.

USD/NOK Trade moved +204 so now have scaled out 1 lot for +204 and have a 204 trailing stop on the remaining 2 lots. Currently +4 on Cable trade.

 

[ChowClown]

Thanks Chow.

Hope it's a good one.

Texas

...took 3 full risk hits yesterday, which knocked the stuffing out of me to be honest. Today has been hard so far...been extremely tempted to exit early, outside the trading plan and i might do it yet, but feeling OK with stops at b/e....and this tick up looks promising too...

 

[Texas_Hedge]

...took 3 full risk hits yesterday, which knocked the stuffing out of me to be honest. Today has been hard so far...been extremely tempted to exit early, outside the trading plan and i might do it yet, but feeling OK with stops at b/e....and this tick up looks promising too...

Keep in there Chow.

With your stop at B/E its a risk free punt. It could go either way....


Texas