Forex trading live calls and set ups

[wackypete2]

jpy down 250 pips in 10 minutes

Peter

 

[wackypete2]

usdjpy in complete freefall

Peter

 

[tripleogstar]

wot the hell is going on, nikkei futures are down over 1000, no one talkin a thing about it on cnbc or bloomberg

 

[tripleogstar]

jesus christ there is armageddon in these equity markets, maybe they were right, this will be an 'apocalyptic' event

 

[wackypete2]

cnbc...what a joke

Peter

 

[tripleogstar]

i think they've stopped trading the futures, my god

 

[tripleogstar]

there no news anywhere on the net either

 

[tripleogstar]

fuuuuuuuuuuuuck the nikkei jus gapped 3% higher

 

[wackypete2]

it's computer algo trading. and markets are very thin right now
fx moves going haywire. jumping up and down 10-20 pips a move

Peter

 

[wackypete2]

I'm just watching. Suicide trying to trade and get massive slippage.

Peter

 

[tripleogstar]

ive never seen so much activity in the markets at this time since the sovereign debt crisis and credit crunch

 

[tripleogstar]

markets gone spastic

 

[wackypete2]

I'm placing a very small BUY LIMIT order for USDJPY. At the levels we are at there's a good chance Japan's central bank intervenes to bring the fx pair higher. We could see a massive 200 pip pop back up.

BUY LIMIT USDJPY 77.35 (1/4 of my normal position)
stop 76.35 (tonight's low)
target 79.85

I'm also going to set a trailing stop @ 50 pips

There's a chance I won't get a fill since my order is about 60 pips from the current price but I'm expecting volatility to pick up when Japan's banks open for business.

Showing 1H chart

Peter

 

[wackypete2]

Market is moving further away from my order and back towards 80 so the chance that I get a fill are dwindling.

Peter

 

[wackypete2]

I see my broker doesn't want any anyone trying to profit... spreads just widened on most pairs by 3-5 pips more on the mt4 platform.

The currnex platform (ecn) I'm getting about 2.0 - 2.5 pips spreads on the majors. About normal for this time of night.

Peter

 

[wackypete2]

Order cancelled.

Peter

 

[be-positive]

morning

 

[be-positive]

long eur/usd 1.3929 stp 1.3914 trg 1.3944

 

[Lord Flasheart]

morning guys. im still smarting over my wrong call yesterday to ruin my good run.
Gu is a short on old mas method. There was one loser called on method yesterday.
Details available for anyone who want them

 

[Lord Flasheart]

9 out of 10
Does that make you the current leader of consecutive winning posted trades?

not sure, i didnt use the word super trend until after about 3 of them so i think your run of should really count,how many was it