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- falcon232 replied Jul 9, 2013
Tuesday Commentary: EUR/USD: Looks like the market is trying to get through the support at 1.2798. Next support at 1.2725, then 1.2660. I'm sticking with my shorts. image GBP/USD: We have gone through the March low at 1.4830. A close under this ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 8, 2013
Monday Commentary: EUR/USD: Still expecting 1.2900-1.2920 before the move back down. The 23.6% fib retrace of the recent move is even possible at 1.2948. Got a sell filled at 1.2870. One more sell order at 1.2915. I'm expecting another big move down ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 5, 2013
Friday Commentary, part II: EUR/USD: Keeping my small short and will let gravity do the work. Good chance of a bounce as high as 1.29 early next week. I have a sell order just shy of that number. GBP/USD: Got out of the last short at 1.4880. I have ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 5, 2013
Friday Commentary, part I: The ADP report has raised my confidence that we should be able to see at least 165K in the jobs report. When expectations are high though, then I tend to get extra cautious. EUR/USD: Keeping my positions but tightening my ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 4, 2013
Update: EUR/NZD: The trade closed for a profit of 260 pips. Will it go lower? I think so, but don't want to risk it. I'll ride the NZD/USD, as I am becoming more confident that the bounce off the weekly trend line and the 200 SMA of .7774 is a ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 4, 2013
Thursday Commentary: GBP/USD: Was quite surprised to see the retrace on the GBP/USD yesterday, so I put a limit sell at 1.5300, which of course was 18 pips too high. I think it's safe to say we're headed to the May low at 1.5000. image USD/JPY: In ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 3, 2013
Wednesday Commentary: I'm hanging on to my GBP/USD short and will add a EUR/USD short if the price goes back up to 1.3050. I'm also keeping open this EUR/NZD short, and look to ride it down to the 200 SMA on the daily below 1.65. image I was wrong ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 2, 2013
Tuesday Commentary: I'm going to maintain my small EUR/USD and GBP/USD shorts in light of the upcoming ADP report Wednesday and ECB conference Thursday. I wouldn't be surprised to see a lower than expected number on ADP, followed by a climb in the ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 1, 2013
Monday Commentary: Still a $ long here, but a 370 pip gain on the EUR/USD in the last 2 weeks is enough for me to think it's about time to take a breather. 1.3000 will provide psychological support. I'll keep small shorts here. I like the NZD/USD ...
Long Term Trading - Set and Forget
- falcon232 replied Jul 1, 2013
I decided to post my trade explorer due to the several requests, as well as the fact that it would be very time consuming to fact-check all of my trades. My commentaries from this point forward may not necessarily include a mention of all trades in ...
Long Term Trading - Set and Forget
- falcon232 replied Jun 24, 2013
My main goal over the next two weeks (which I've written in a sharpie on a post-it note and stuck to my wall) is to buy very small lots of USD/JPY as it drops towards 94, which I believe will happen as the US and Nikkei have a rough week. As I've ...
Long Term Trading - Set and Forget
- falcon232 replied Jun 24, 2013
Trade: EUR/NZD: Sell at 1.6900. SL 1.7125. TP Open.
Long Term Trading - Set and Forget
- falcon232 replied Jun 24, 2013
Start-of-Week Commentary: Looks like all of those $ shorts have finally given way so that we can resume our longs. I'm getting in here with a very small position, and will add more should the position retrace. The trade: EUR/USD: Quarter of a normal ...
Long Term Trading - Set and Forget
- falcon232 replied Jun 19, 2013
New orders: GBP/USD: Sell at 1.5485. SL 1.5685. TP Open. EUR/JPY: Sell at 128.25. SL 1.2925. TP 1.2625. image NZD/USD: Buy at .7890. SL .7740. TP . 8090.
Long Term Trading - Set and Forget
- falcon232 replied Jun 19, 2013
Mid-Week Commentary Finally headed back to reality from an extremely overpriced Euro and Sterling. Is this the resumption of the $ bull run? Not sure, but I'm entering new $ longs. Changes to position (changes are in purple): EUR/GBP: None. Hold the ...
Long Term Trading - Set and Forget
- falcon232 replied Jun 15, 2013
Agreed. The 38% line saw pretty good rejection the first time, so I'm looking forward to seeing what happens early next week. The 200 day moving average will give additional support at 93.00.
Trading For Those With a 9-5 Job
- falcon232 replied Jun 14, 2013
End-of-Week Commentary: EUR/USD: We're still sitting below the 61.8 retrace of 1.3343, in spite of bad consumer confidence data. The longer that we stay under this price, the stronger my view will be that this will be a top to the rally in this ...
Long Term Trading - Set and Forget
- falcon232 replied Jun 13, 2013
I get a sense that the market wants a shot at the 61.8 retrace of the 2013 down move, which is at 1.5784. The hourly candle that shows the rejection still closed below 1.5700, which makes it interesting...
Trading For Those With a 9-5 Job
- falcon232 replied Jun 13, 2013
Great chart. Finding the exact place to go long $ is not easy, but this is a very good strategy.
Trading For Those With a 9-5 Job
- falcon232 replied Jun 12, 2013
Mid-Week Analysis: EUR/USD: The 61.8 level of the great down move of '13 is at 1.3343, which should provide solid resistance. This number-61.8- has been key in the daily chart on this currency for years. There was a 61.8 correction for the following ...
Long Term Trading - Set and Forget