thanks for the information Steve. I listened to what you said. Hopefully it will help.
- #1,982
- Jun 11, 2007 3:39pm Jun 11, 2007 3:39pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
thanks for the information Steve. I listened to what you said. Hopefully it will help.
- #1,983
- Jun 11, 2007 4:46pm Jun 11, 2007 4:46pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, one trade opened a few moments ago....
NZDUSD short from 0.7514 - initial s/l over 0.7650
Kind Regards
Steve
NZDUSD short from 0.7514 - initial s/l over 0.7650
Kind Regards
Steve
OK, one trade opened a few moments ago....
NZDUSD short from 0.7514 - initial s/l over 0.7650
Kind Regards
Steve
just another interesting link I came across by pure coincidence at a thread on this forum. http://www.forexfactory.com/showthread.php?t=14551
It's about the psychological factors we were talking about recently.
Rgds
tiku
By the way: I am with you in that kiwi-trade that I had entered only few hours earlier the same day. We will see what we can get from it ...
:
always expect the unexpected!
- #1,986
- Jun 12, 2007 6:33am Jun 12, 2007 6:33am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, during Frankfurt I opened a second short on NZDUSD at 0.7536
At the moment the two poitions are up around 20 pips between them. It's been a little stubborn so far and would really like to see it break 0.7500 and go on to test yesterday's low again.
The fact that RBNZ intervened a couple of days ago indicates they are not happy to see the NZD trading higher than 0.76 but so far there has been no follow through from yesterday.
Back to work in about 20 mins and may well close the position in credit before I go. Just eating my lunch whilst I contemplate lol
BTW, thanks for the comments guys
Kind Regards
Steve
At the moment the two poitions are up around 20 pips between them. It's been a little stubborn so far and would really like to see it break 0.7500 and go on to test yesterday's low again.
The fact that RBNZ intervened a couple of days ago indicates they are not happy to see the NZD trading higher than 0.76 but so far there has been no follow through from yesterday.
Back to work in about 20 mins and may well close the position in credit before I go. Just eating my lunch whilst I contemplate lol
BTW, thanks for the comments guys
Kind Regards
Steve
- #1,987
- Jun 12, 2007 3:07pm Jun 12, 2007 3:07pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Right, just closed both NZD short trades at 0.7509 for plus 27 & plus 5 pips. Been a slow day but +32 pips overall.
June pips: +535
Kind Regards
Steve
June pips: +535
Kind Regards
Steve
- #1,988
- Jun 12, 2007 3:35pm Jun 12, 2007 3:35pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
As soon as I close the trades, NZDUSD breaks 0.7500 for the first time in 24 hours. Oh well, 32 pips up so forget that and onto the next trades.
EURAUD long from 1.5827 (initial s/l 1.5755)
EURCAD long from 1.4210 (initial s/l 1.4119)
Kind Regards
Steve
- #1,989
- Jun 12, 2007 4:07pm Jun 12, 2007 4:07pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Congrats Steve, and hold onto those darn pips!
PS: kiwi and AUD pairs almost drove me officially crazy, it's my fault I traded a currency whose name belongs to a wild fruit. I'm sticking with the respectable Sterling in the near future, thank you very much
Just stopping by to say hello and good luck!
PS: kiwi and AUD pairs almost drove me officially crazy, it's my fault I traded a currency whose name belongs to a wild fruit. I'm sticking with the respectable Sterling in the near future, thank you very much
Just stopping by to say hello and good luck!
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #1,992
- Jun 12, 2007 4:21pm Jun 12, 2007 4:21pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
So why did you close them Stevie? There is no reversal yet.
If you're still in the trade, good on you
Kind Regards
Steve
- #1,993
- Jun 12, 2007 4:22pm Jun 12, 2007 4:22pm
- | Joined Aug 2006 | Status: BORED trader | 2,388 Posts
BAM BAM BOOM! -bravado
- #1,994
- Jun 12, 2007 4:23pm Jun 12, 2007 4:23pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
I must say, this looks more like it. Much calmer trading!
Things are looking rosey again!
Long may it continue!
mark
Yes, less stress thats for sure - a different way of trading - higher % wins but smaller pips in general. I'll probably take on some longer term trades too but am happy cherry picking at the moment.
Kind Regards
Steve
- #1,995
- Jun 12, 2007 4:24pm Jun 12, 2007 4:24pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
he felt like it.
I love the way you tell it how it is
Love reading your posts
Cheers
Steve
- #1,996
- Jun 12, 2007 4:49pm Jun 12, 2007 4:49pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Congrats Steve, and hold onto those darn pips!
PS: kiwi and AUD pairs almost drove me officially crazy, it's my fault I traded a currency whose name belongs to a wild fruit. I'm sticking with the respectable Sterling in the near future, thank you very much
Just stopping by to say hello and good luck!
LOL, I had a nightmare with AUD and NZD earlier this year too but I'm giving them another go if the set up looks right.
As you say, its no problem getting the pips, it keeping them lol. I'm confident this way of trading will be a little less manic and I can become a little more consistent.
Kind Regards
Steve
Hey, thanks & hi
LOL, I had a nightmare with AUD and NZD earlier this year too but I'm giving them another go if the set up looks right.
As you say, its no problem getting the pips, it keeping them lol. I'm confident this way of trading will be a little less manic and I can become a little more consistent.
Kind Regards
Steve
Keep on posting Stevie.
Regards
T.
always expect the unexpected!
- #1,998
- Jun 13, 2007 5:35am Jun 13, 2007 5:35am
- | Joined Aug 2006 | Status: BORED trader | 2,388 Posts
..Love reading your posts
BAM BAM BOOM! -bravado
- #1,999
- Jun 13, 2007 6:27am Jun 13, 2007 6:27am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
OK, so after a slightly nervy Asian session, I am now back to find the two positions around 20 pips in profit. Both have been much further in profit but looking fairly good although I see a Canadian minister is speaking later 
Looks like I may have picked at least a temporary bottom in both but may take a few days to realise much profit. I'll see where we stand when I return from work....for now the positions stay with their original stop losses.
Kind Regards
Steve
Looks like I may have picked at least a temporary bottom in both but may take a few days to realise much profit. I'll see where we stand when I return from work....for now the positions stay with their original stop losses.
Kind Regards
Steve
- #2,000
- Jun 13, 2007 4:07pm Jun 13, 2007 4:07pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hmm,
Current trades...
EURAUD long from 1.5827 (s/l now 1.5764) currently plus 3 pips
EURCAD long from 1.4210 (s/l now 1.4148) currently minus 26 pips
Not looking as good as earlier in the day but stop losses tightened slightly and lets see how the next few sessions play out.
New trade
EURUSD long from 1.3304 (s/l initially 1.3222) currently plus 6 pips
Kind Regards
Steve
Current trades...
EURAUD long from 1.5827 (s/l now 1.5764) currently plus 3 pips
EURCAD long from 1.4210 (s/l now 1.4148) currently minus 26 pips
Not looking as good as earlier in the day but stop losses tightened slightly and lets see how the next few sessions play out.
New trade
EURUSD long from 1.3304 (s/l initially 1.3222) currently plus 6 pips
Kind Regards
Steve