Fx 2009

is EU about to break Sup?
as well as 4 rejections of 1.4140 Res or so this morning.
 
Forex lower time frames

I know people say stay away from lower time frames but the euro/usd and forex in general have nice 5 minute trends (Phil alerted me to them). Using s+r and consolidations in the main.
 

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null day!

made 50 pips on GU going up this morning.
stayed out due to news, and thus missed the move down.

now took my eye off the game, and the EJ upswing wipes out my mornings gains.

all that work for nothing.
 
anybody trading FX today??

or are you all doing paperwork/testing/holiday what with the US being on hols?

(I am doing my VAT returns)
 
Well you may understand that despite of recession Yen and greenback have become stronger compared to Euro and GBP.
 
is it the wait for 1;30pm US news thats caused markets to go nowhere this morning?
(core retail, ppi )

(except for the GU upmove of 100 or so, when I went short at 1.6230!! out for -38. dont ask!)
 
so, whats with the upspikes on GU, EU and EJ at 11:30-ish??
I dont have any news event listed.

EU did a perfect retest of yesterdays high; not that I believe in all that Sup/Res stuff.
Is this a double-top? Downside for the rest of the week?
 
so, whats with the upspikes on GU, EU and EJ at 11:30-ish??
I dont have any news event listed.

EU did a perfect retest of yesterdays high; not that I believe in all that Sup/Res stuff.
Is this a double-top? Downside for the rest of the week?


caught the cable move for 80 pips
A stopout and a profit leaving me slightly up on 2 trades on GJ
SPX being great today.
How's everyone else doing?
 

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whats with the US session today? are they on holiday or sumpfink?

morning was spikey = no action.
afternoon had no moves = no action.
 
holiday low-vol blues?

I had a dire week with EU.
EJ only gave one really decent trend-day. (Thursday).
It was only GU that kept me in the game last week, and even then it was a nett red week for me.

Worth staying out till Sept?
 
holiday low-vol blues?

I had a dire week with EU.
EJ only gave one really decent trend-day. (Thursday).
It was only GU that kept me in the game last week, and even then it was a nett red week for me.

Worth staying out till Sept?


Here is one from me for the week.

USDCAD - long pos to 11300 - SL @ 10780.

I reckon on major support at 10800 with a possible turn up to 11300 & then 11500

United States Dollar in Canadian Dollar - Google Finance

If 10780s fail to hold nad it breaks below 10700 then 10200 is the next resting place...


Good luck...
 
Here is one from me for the week.

USDCAD - long pos to 11300 - SL @ 10780.

I reckon on major support at 10800 with a possible turn up to 11300 & then 11500

United States Dollar in Canadian Dollar - Google Finance

If 10780s fail to hold nad it breaks below 10700 then 10200 is the next resting place...


Good luck...

1.08 does look like major support, and I would assume that a lot of traders are going to be buying usd/cad at this level trying to pick a bottom. I always like to play the contrarian with these :) Personally I think there's the potential to make a run at parity in usd/cad.
 
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