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[Lord Flasheart]

short nzd at .7811 .7831

 

[sj8070]

LF
I like the NZD chart, very compelling.

But how do you reconcile in your mind the fact that you are essentially taking a long Dollar position, and therefore might as well be in any Risk Off position in these strongly correlated markets

 

[Lord Flasheart]

right on line,if it goes wrong we may see a big spike up

 

[Rugby Trader]

current pending trades

AUD/USD
OCO
Buy - 10335, SL - 10246, TP - 10456
Sell - 9936, SL -9981, TP - 9870

GBP/USD
OCO
Buy - 15786, SL - 15723, TP - 15865
Sell - 15519, SL -15556, TP - 15467

USD/JPY
OCO
Buy - 7821, SL - 7802, TP - 7834
Sell - 7723, SL -7743, TP - 7701

another pending trade

USD/CHF
OCO
Buy - 9301, SL - 9270, TP - 9327
Sell - 9190, SL -9209, TP - 9167[/QUOTE]

 

[Lord Flasheart]

LF
I like the NZD chart, very compelling.

But how do you reconcile in your mind the fact that you are essentially taking a long Dollar position, and therefore might as well be in any Risk Off position in these strongly correlated markets

i look at other markets for correlation but generally i dont worry about things like that,just trade what i see, if it goes wrong,theres plenty more chances

 

[Lord Flasheart]

d

 

[wackypete2]

High/Low ranges for the past 12 hours are about 1/2 of normal. audusd looks like the only one that has moved much. ECB rate meeting later. Should get some action around that. For now I'm probably going to stand aside.

Peter

 

[Lord Flasheart]

d

now why didnt i short that gbp

 

[barjon]

was that H1 chart, flash?

 

[Lord Flasheart]

short nzd at .7811 .7831

1/2 off at +12,rest to b/e,hopefully get a runner this time

yes 1 hr

 

[Lord Flasheart]

short nzd at .7811 .7831

1/2 for +10
rest stopped at b/e, odd why it hasnt fallen,should have taken gbp,may go again

 

[Lord Flasheart]

spike up in nzd may be on cards, worried i may miss a great shorting price

 

[Lord Flasheart]

short nzd at .7819 sl.7831

dont want to miss out small stakes,no 1/2s off

sure to be a spike if trade goes wrong

 

[Lord Flasheart]

very risking,but much to gain, not much to lose. Trade may well spike up and take me out,but its a great entry point

 

[barjon]

1/2 off at +12,rest to b/e,hopefully get a runner this time

yes 1 hr

mm, how you draw your line then - you're coming from a long way back

 

[Lord Flasheart]

mm, how you draw your line then - you're coming from a long way back

thats the thing thats hardest to explain, best i can say is that certain types of lines look right. i try and look for resistance from further back, as in the cable chart at 1.5750, right on the line and right at level of resistance. What I do is simple in principle but i think years of being screwed has given me in bedded patterns and types of lines that work,

 

[Lord Flasheart]

looking to short cable, but not below 40 ,

 

[Lord Flasheart]

short nzd at .7819 sl.7831

dont want to miss out small stakes,no 1/2s off

sure to be a spike if trade goes wrong

-12

 

[sj8070]

short EURUSD @ 1.3424
Stop 1.3431

like the r&r here

 

[Lord Flasheart]

spike in nzd