FX Trading April 23 - April 27

[jacinto]

just popped in to see the chart. i got to say that i feel like the worst narrow minded idiot around.

well, once offloaded, back to play with kid. good trading all.

j

 

[29Investments]

Yeah even though I was short and have been stopped - this is like an abolutely awful GDP/PCE set of data and USD has not reacted as badly as could be expected

Conclusion: Still overbought.

By the way a Yard of Cable will definetely move the price. It doesnt have to move it the full range. It would probably move it 30-40 pips dependant on conditions but remember if this move then trips stops you then gather momentum which generates the rest of the move.

 

[dc2000]

small short now in at 031 stop at 071 and limit at 951

 

[oiltanker]

another 2 jpy shorts limited for 46 and 16pts on the spike. which makes it 100 + pt day already.

cable not so clever but i still think $2 is a good long term bet and so don't mind having it for a while and there still might be some profit taking later. The spike didn't activate the higher cable sell orders.

euro activated sell at 1.3676 so relaxed about being the right side of the 1.3650 long term set up another bull trap at 1. 3700ish.

 

[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.

... One of my theories was right! Short now, but ready to abandon ship if it heads north by more than 20.

 

[hornblower]

this morning I had a target of 20068
seemed a bit optimistic this morning
but we may just get there

 

[The Pearl Fisher]

this morning I had a target of 20068
seemed a bit optimistic this morning
but we may just get there

First class...HB


Here I go again. (wasn't that a song?)



Bought GBPUSD at 2.0024


SL at 1.9995

 

[Crap Buddist]

hmm my stop went in that 3rd prod , to be fair, looking at my favourate chart, im looking to get short again but its still long and has been since 1.9884 . Now to comfort myself on my previous short attempt and whilst waiting for the signal to drop in proper , I'm having a cold sausage and mustard butty. mmmm

 

[hornblower]

cable just seems to have run out of steam closed long
short @20023

 

[Crap Buddist]

Short now 2.0026

 

[The Pearl Fisher]

This is one of those days. I'm going to get hit every which way. But it's not the day "its me" I'm buying at the tops and selling at the bottoms.

Some wise old trader once told me "buy low" and "sell high" I just misheard him.

 

[trendie]

cable just seems to have run out of steam closed long
short @20023

there was a notable pin-bar (doji) on the 30-mins.
but then went sideways -but not above nose point.

I will resist shorting if it drops below "nose" ( or is "eyes" ) at 2.0010, lest I jinx it for you.

 

[hornblower]

This is one of those days. I'm going to get hit every which way. But it's not the day "its me" I'm buying at the tops and selling at the bottoms.

Some wise old trader once told me "buy low" and "sell high" I just misheard him.

I am afraid the I am one of those traders

 

[The Pearl Fisher]

I am afraid the I am one of those traders

You wise old bird, you.

 

[The Pearl Fisher]

Bought GBPUSD at 2.0024


SL at 1.9995

Stopped out (-29)

 

[2be]

Cable has given some 50pps on the last short, thats me done for the week. It has been a good performance as for Friday.

 

[Atilla]

Cable has given some 50pps on the last short, thats me done for the week. It has been a good performance as for Friday.

Hi guys,

Busy day this morning and given my break from two losing trades yesterday morning I'm absolutlely shocked to read all your blogs and the market moves just in the last 10 minutes.

I was thinking of shorting at around 1.9930-35 (honest) area, but didn't. On the 3min charts saw H&S. Before I could make a call it started sinking and then I thought it has got to bounce.

However, I'm deciding to stay out as looking at the reversals it's too much for the old ticker...

Good luck to all you brave traders...

 

[hornblower]

My Grandson has arrived form school ,and is starving , so i better start tea
closed short @ 971 +52 pts
just wondering where the big boys want to be ,for the start of next week
have a good weekend all

 

[oiltanker]

its amazing what a few hours makes. Scooped up a 36 more points on euro as they limited out and squared out cable as i didn't want to hold over weekend. put some short orders higher up on cable and euro in case they bounce back up

long and small short yen again at 119.70.

 

[The Pearl Fisher]

To all traders who made some gains today. Excellent. You have my fullest admiration.

To all those who didn’t remember this, “there is always somebody worse off than yourself.” And that somebody is me. I got stuffed. I couldn’t even go for a pee today without it costing me an arm and a leg.

OH well such is trading. Until Monday then.