Forex trading live calls and set ups

[ChowClown]

...short filled (3092.8) and 50% already taken off (3078.9)...decided to keep stops where they are for the time being.

Edit: stops to b/e now.

stops now @3082.

 

[ChowClown]

stops now @3082.

Tgt hit now on the remaining 50%. +0.30% (exit = green dot on chart below).

 

[trendie]

so whats the spike up about? news?

 

[wackypete2]

eur shot up 100+ pips in 2 minutes....must be something happening...

 

[ChowClown]

Stops hit for -0.5% on this morning's GU breakout trade.

GU BO short stops also hit for -0.5%.

 

[wackypete2]

here:


There is another report that the US is willing to ante up in the IMF to alleviate some of the funding needs to the likes of Ireland, possibly Portugal and Spain down the road. This is giving the EURUSD a boost.

 

[wackypete2]

sh eurusd 1.3148 stop 1.3162 1/2 position

Peter

 

[wackypete2]

scratched out at be

 

[wackypete2]

TA is out the window for the moment...just looking for small momentum trades

 

[wackypete2]

sh eur 1.3141 stop 1.3154

 

[trendie]

that EU spike bejiggered my grid-trading test system.
back to the drawing board.

 

[wackypete2]

exit 1.3136 +5

 

[wackypete2]

that EU spike bejiggered my grid-trading test system.
back to the drawing board.

That's where the grid systems fail. 120 point spike is a killer. Gotta find some workaround for that. Treat spikes over a certain pip value as a catastrophic event and shut the grid down maybe.

I have found grid systems interesting but never had guts to try one live.

Peter

 

[wackypete2]

Well, I made a massive 5 pips out of the roller coaster ride so far. lol
I'm a (ir)regular trading guru.

Peter

 

[wackypete2]

sh eurusd 1.3156 stop 1.3168

 

[wackypete2]

exit 1.3151 +5 target hit...short small trades with set targets

 

[wackypete2]

Rumors that the news was just a rumor or that US funding wouldn't be needed. I'm taking a bit of a gamble here as I think the high is in at 1.3180 and eur will fall or drift lower.

Shorted eurusd @ 1.3140 stop 1.3180 target 1.3100
Small position, 1:1 risk

Peter

 

[Lord Flasheart]

that EU spike bejiggered my grid-trading test system.
back to the drawing board.

why,you cant count news spikes into the equation can you.

 

[wackypete2]

Hi Flash,
Still using the laptop? I had to use mine earlier this year when my desktop went down...what a pain. Since then I bought a wireless mini mouse for it. Certainly makes things easier. Just a suggestion for you.

Peter

 

[wackypete2]

eur dropping...