FX Trading April 23 - April 27

[The Pearl Fisher]

Short GBPUSD at 1.9940 (1.9870)


SL 1.9980


I will remove if anybody objects.

Stop loss Exit (-40)

 

[dc2000]

hit target and long confirmation just wait for the entry at 951 now if it dont come by 1:30 Im outta here till Monday

 

[oiltanker]

how do people know which way spreadbetters are trading? i could do with that info.

morning session has been buys so far. got 19 pts on euro out at 1.3635 and 31pts on cable out at 1.9981.

yen still sulking in the red zone. at least its not going up anymore. friday is usually profit taking day so looking for something to move this afternoon or monday

 

[The Pearl Fisher]

Cable has a number of big stops above 1.9995. Which, if hit could see the pair go for launch. Or this area could be protected.

And I'll be going for a long lunch...

 

[trendie]

with about 10 mins to go to end of the current 30-min bar on GBPUSD:
a very small 30-min bar after two big up-strokes. ( pull-back back into the down-move ? )

well, maybe not.

 

[Crap Buddist]

looks like a great short 1.9996, short already 1.9986, stop 2.0026 it cant pump any higher , err can it

 

[29Investments]

Short at 995 stop at 2.0015 (Daily Pivot R1 is 2.0011)

 

[trendie]

thats the crappy thing about trend-following; getting skewered on reversals.
I can almost cope with ranges, but reversals!

not a good start to my start week of full-timing it.
think I will go shopping and spend next weeks profits.

 

[Phil Mibbutz]

Short from 995-ish looks tempting, but slightly worried that if it breaks 2 again it'll shoot up by another 50. Indecision rules OK.

 

[oiltanker]

at last! a small jpy short limited out for 12pts.
small shorted euro at 1.3642

 

[Glenbuck]

Bear in mind that HSBC pays out its quaterly dividend of $4.1B on May 10 and the sterling conversion of a proportion of it has been fixed for Monday. Given they have an international shareholder base and that some UK investors will prefer a scrip, my guess is that there'll be about $1B+ cable buy to be carried out. We're seeing some front running of that order today, and may see it continue through till Monday.

I really should have posted this message this morning shouldn't I? Sorry !

 

[The Pearl Fisher]

Sold GBPUSD at 2.0002

SL 2.0030

 

[The Pearl Fisher]

Bear in mind that HSBC pays out its quaterly dividend of $4.1B on May 10 and the sterling conversion of a proportion of it has been fixed for Monday. Given they have an international shareholder base and that some UK investors will prefer a scrip, my guess is that there'll be about $1B+ cable buy to be carried out. We're seeing some front running of that order today, and may see it continue through till Monday.

I really should have posted this message this morning shouldn't I? Sorry !

$1bn isn't going to move the currency market.

 

[counter_violent]

sounds obvious but zoom out for proper perspective on this news event

 

[oiltanker]

Sold GBPUSD at 2.0002

SL 2.0030

sell order activated at 2.0008

target 1 1.9950
target 2 1.9900

 

[Offshore Trader]

Taken another bit of profit at 015 (+104). As primarily a breakout trader, it's great to see the action on cable the last couple of days. This is how it used to be.....

 

[fibonelli]

1.9894 is the current trendline channel support for GBPUSD (CME futures).

 

[The Pearl Fisher]

Sold GBPUSD at 2.0002

SL 2.0030

That hurt. Stopped at 2.0030 (-28)


Quick time...

 

[29Investments]

Thank goodness for stops

 

[dc2000]

HMmmm may have to go with a little short at the 051 level