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- 40 Results (2 Threads , 38 Replies )
- faure replied Sep 10, 2007
Just technically speaking the trendline was busted before you went short. Not a good idea if you're using trendlines as a major tool. As a result you ended up going the wrong direction on the trade. Other than that the poorly (unlucky) timed entry ...
- faure replied Mar 29, 2007
With tomorrow's PCE numbers from the US and the GDP data out of the land of the looney, there should be some good volatility. UC has been trading sideways since last Tuesday's CPI release; tomorrow could see us move out of that range. In line with ...
- faure replied Mar 29, 2007
My ave price is now 3325, right in the middle of the 3350/00 zone I've been focusing on. You can see from the chart that I'm targeting mid 3400 initially, the grey line is a rough support zone - if price falls below that I'll start to get out. I'll ...
- faure replied Mar 26, 2007
The chart below is a 60min EU chart. The red dots are where I got stopped out on Friday. As you can see I got wipsawed and had to get back in at a worse price. Wipsaws happen and you've just got to deal with it and move on. I've gone long 1:2 on the ...
- faure replied Mar 26, 2007
UJ has nailed me for the second time in a row but this time it was for very little; no big deal. The north breakout levels I was watching on EU and GU have been breached and I'm now long EU again - hopefully this time I won't get shaken out. I've ...
- faure replied Mar 22, 2007
I've been watching usdjpy lately as it's just gone sideways during the recent run in the majors. It was trading in a band of 117 - 118 since Monday, and just broke above 118 this evening. This seems like a genuine volatility breakout so I'm going to ...
- faure replied Mar 22, 2007
Before the dollar rally this evening I went long on both EU and GU - I was a little early on that. I did however get some good entries on both during the dollar rally. The low on my Oanda charts was 9616 (ask) and I got an entry at 9626 at 1:2. My ...
- faure replied Mar 22, 2007
I've also got a large eurusd long with an ave. price of 3264 and stops scattered at 3300/3285/3270. I just entered more on this dip as you can see on the chart. Like I said mid 3400 is where I will start to take in some of my trades. As an aside, I ...
- faure replied Mar 22, 2007
Here's the chart for the eurgbp short I've been playing since Tuesday's UK inflation data. I've just added another short which moves the ave. price to 6795 with stops sitting at 6810/05. I've got 1:9 leverage going into this trade and with the ...
- faure replied Mar 22, 2007
So far it seems Bernanke's speech isn't that much of an effect on the market. I've sold of my nzdusd longs at 7120 just to get my exposure a bit lower. My usdcad shorts got stopped out at 1585 but I'm not too fazed since I'd like to concentrate on ...
- faure replied Mar 21, 2007
The usdcad rate has just dropped below 1600 on worse than expected retail sales numbers. It's just shouting "short me!". It's an old idea but a market that inversely responds to news is usually telling you something. It seems that even after ...
- faure replied Mar 21, 2007
I've moved my stop higher on this one to 93.50. I'm expecting a breakout on usdjpy, probably north since the SnP broke important levels yesterday and ended the session strongly. I'm just holding onto my other trades for now although I got rid of my ...
- faure replied Mar 20, 2007
Some of my eurjpy in-the-money stops have been tripped so I've only got a 1:2.5 position at 154.71 left. I'm happy to leave this trade for now and concentrate on building positions in yen carries with a wider interest rate spread.
- faure replied Mar 20, 2007
I guess it's not where all the excitement is right now but I've chosen this spot to go long audjpy @ 93.85 1:2.5 and a stop at 93.00. Just to build on my carry trades.
- faure replied Mar 20, 2007
Here's the chart for the gbpjpy trade. I really want to add to this trade but I feel I need to work on getting better prices on my entries. Waiting for this pullback is killing me but I know I need to be patient.
- faure replied Mar 20, 2007
Actually I do have some longs on the yen crosses. A 1:7.5 long (ave. price 155.41) on the eurjpy and a 1:2.5 long (ave. price 228.33) on the gbpjpy (I now really want to get bigger on the gbpjpy long since it seems like cable is going to be taking ...
- faure replied Mar 20, 2007
Ha, ha I guess I got that one wrong. The eurusd is being way outperformed by the gbpusd. Infact the eurgbp is looking very weak right now. I've just entered a pretty large short of 1:5 @ 6804. The inflation data out of the UK seems to have been the ...
- faure replied Mar 19, 2007
I've been getting long eurusd since last week. My average price is 3241 at 1:11.5 total leverage. You can see I've been adding to this trade as it's moving in my direction. I really think this pair is moving higher based on how price has been pushed ...
- Time/Breakout System
I just messing around with my charts and came up with this system. It's your standard b/o system ...
- faure replied Feb 20, 2007
I don't usually look at classic chart patterns but this is just so neat, plus it looks like a great volatilty b/o play. Could go either way.