hornblower
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posted on the wrong thread
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Offshore Trader
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Morning all.
I hope this thread isn't going to die because of the T2W upgrade. It would be disappointing and ironic.
Breakout levels today are 1.9939 and 1.9887
I hope this thread isn't going to die because of the T2W upgrade. It would be disappointing and ironic.
Breakout levels today are 1.9939 and 1.9887
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morning all
I am flat ATM, but looking for longs targeting 9980 and even 015.
EDIT: If i were to trade blind breakouts of these sorts of patterns I should be long now. waiting for the news in 5 mins to confirm or reject pattern.
eurousd also looking for entries looking for 3665
dont like the other pairs i trade today so will focus on these 2
j
EDIT: I am now long 30, 20 pip stop. target 9980
I am flat ATM, but looking for longs targeting 9980 and even 015.
EDIT: If i were to trade blind breakouts of these sorts of patterns I should be long now. waiting for the news in 5 mins to confirm or reject pattern.
eurousd also looking for entries looking for 3665
dont like the other pairs i trade today so will focus on these 2
j
EDIT: I am now long 30, 20 pip stop. target 9980
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Atilla
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Morning all,
I'm also bullish on cable and Euro. I think the rise in DOW and SPX has helped the Dollar but don't believe there is conviction in the move (check price of oil - if strong recovery expected oil would rise) and "I think" I'm right is suggesting most people expecting a breather in the indeces. When the pull back happens people will be discussing housing slump and a cut in interest rates again.
Also, Gold seems to have eased off it's 690 levels and found support at 670 quite nicely. It's currently now 676 which to me points to $ weakness for today.
Charts look bullish on the 4 hours but on the daily's I'm not convinced. I thought this week we would touch 1.9875 - 1.9850 before another surge to $2 but I'm still thinking this pull back may now take us to 1.9800 levels.
So to put my neck on the guillotine - in summary I think a short term bounce to 1.9950 followed by another pull back is my outlook for today.
Good trading all.
hornblower
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we are not posting because there is little going on on cable
and it seems that traders would rather play a compertation for a prize
instead of making money
strange !
The Pearl Fisher
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Hi, Hornblower.
Not so, real trading is always a priority
Anyhow, some of you may want to compare my thinking with your own thoughts.
Downside favoured for cable and euro today and tomorrow.
I feel we may still see cable in the 1.975 levels by Friday’s close. The Euro maybe around 1.3450.
My thoughts only.
hi PEarl fisher
As long as I get my 50 pips, cable can go to 1.9700 today:cheesy:
on a serious note, I am not too convinced with my long, and moving my stop to BE as i write. For some reason, feel 40-45 is a rather tough bite to pass.
good luck today.
j
Atilla
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I don't think this thread will die out.
The competition is just a side show. There was competition for the DOW and shares before the change but at the same time the SPX and DOW threads were still very good imo.
On the competition - in the first few days I was clicking left right and centre and made
-300 look easy
. I pulled my score to -175 and then back down again to -250. It currently stands at -217 so I'm off the top 25 radar. The problem is I click away and leave a position open for ages. Also, experimenting with the pairs. Really good learning tool for trading pairs. I really like it and it's great for settling scores too :cheesy:
TPF I read your instinctive trading and click away style remarks - but in the wrong hands like mine clicking away can be lethal to your pension
You are right in that trading styles are like clothes don't necessarily suit everyone. HAS ANYONE NOTICED Counter_Violent HAS NOT HAD ONE BAD TRADE?
Very impressive.
I need to get on my bike now but I think there really are some great people on this thread and three cheers to you all and long live the FX thread.
The Pearl Fisher
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Oh you know you will, J
Just hope it doesn't run up too much before my expectations start to materialise. If ever?
Anyway, Enjoy your trading...Whatever your direction.
All the best.
Greetings people.
I don't post much on this thread but do read it often , it's good to get other traders perspectives on the market. I also hope that the competition doesn't reduce the frequency of good posts here.
My old forum over at Daily FX has been crucified by changes brought in so will be using this more often if that is Ok with you guys.
I don't post much on this thread but do read it often , it's good to get other traders perspectives on the market. I also hope that the competition doesn't reduce the frequency of good posts here.
My old forum over at Daily FX has been crucified by changes brought in so will be using this more often if that is Ok with you guys.
The Pearl Fisher
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Hi AtillaI don't think this thread will die out.
The problem is I click away and leave a position open for ages. Also, experimenting with the pairs. Really good learning tool for trading pairs. I really like it and it's great for settling scores too :cheesy:
TPF I read your instinctive trading and click away style remarks - but in the wrong hands like mine clicking away can be lethal to your pension
HAS ANYONE NOTICED Counter_Violent HAS NOT HAD ONE BAD TRADE?
Very impressive.
I hope it will not die a death.
Click and take trading is difficult and messy ,in my case (very messy). I had much ground to recover in the competition due to starting 2 days late. Anyway, I am in sight of the battle front now. So a more steady approach may (may?) be the way forward. But there is a long way to go. One style of trading isn't going to win this competition.
TPF
Cheers
Like just about everyone else I'm waiting for the Jobs data out tomorrow allthough could well get a decent reaction to the ISM judging by the reaction to the manufacturing ISM on Tuesday.
I'm biased to the downside on cable, currently flat on spot but hold 9880 and 9800 puts for expiry on Friday. would think about a short in the 9950/70 area or a 9860 break but will probably wait until the ISM comes out
I'm short on geppy (GBPJPY) @ 239.42 Looking for all the Yen pairs to have a decent downward correction but going to have to wait I think until the Dow and S&P start getting vertigo and people start booking profits on those, I'm currently short the Dow on a June contract @ 13,021 that is totally under water atm but will hold anyway
Edit :
I just feel this USD weakness is overdone, MPC hike next week is fully priced in unless they put it to .50bps.
Weekly chart on cable looking incredibly top heavy, Big divergance on the MACD, the last 2 weeks bars gave a shooting star and a hanging man,
Also for those of you who are aware of/follow Delta's we have had the high in and should now be heading down for an MTD low coming in around 15th May than back up for another high at the end of May
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Phil Mibbutz
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It does seem that the competition has had the side-effect of killing this thread, which is a pity. Still, unless T2W can offer some mouth-watering prizes (a masterclass with Compounding, perhaps?) there probably won't be many people willing to devote much time to a comp once the novelty wears off.
Offshore Trader
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