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Tribble's Trading Room

  • #1
  • First Post: Sep 9, 2007 7:03pm Sep 9, 2007 7:03pm
Welcome to my trading room . Trades on all crosses will be posted here in real time, Including its Limit and Stop Loss orders and overall P&L. Have Fun!
Your Focus Determines Your Reality
  • #2
  • Sep 11, 2007 7:21pm Sep 11, 2007 7:21pm
GBP/JPY - Short Position to be established at 232.42 Limit

Stop Loss - 232.70

Take Profit - 230.20

Risk/Reward Ratio - 1:7
Your Focus Determines Your Reality
  • #3
  • Sep 11, 2007 8:36pm Sep 11, 2007 8:36pm
GBP/JPY - Orders Changed:

Limit Order - 232.37

Stop Loss - 232.68
Your Focus Determines Your Reality
  • #4
  • Sep 11, 2007 9:14pm Sep 11, 2007 9:14pm
Hi. What are your thoughts on nzdjpy?
  • #5
  • Sep 11, 2007 9:20pm Sep 11, 2007 9:20pm
Quoting BenQ
Hi. What are your thoughts on nzdjpy?
In my view, Current risk is to the downside on NZD/JPY, so short is certainly an option.

Look to Liquidate Short if taken at 75.50 - 76.50, and take Long postion there.

Hope this Helps...

Your Focus Determines Your Reality
  • #6
  • Sep 11, 2007 9:22pm Sep 11, 2007 9:22pm
Thanks. I'm currently short with a few scattered positions, but a bit worried about the nzd interest rate statement tomorrow.

Quoting tribble
In my view, Current risk is to the downside on NZD/JPY, so short is an certainly an option.

Look to Liquidate Short if taken at 75.50 - 76.50, and take Long postion there.

Hope this Helps...

  • #7
  • Sep 11, 2007 9:28pm Sep 11, 2007 9:28pm
What effect do you think the intereest rate statement will have?

Quoting BenQ
Thanks. I'm currently short with a few scattered positions, but a bit worried about the nzd interest rate statement tomorrow.
  • #8
  • Sep 11, 2007 9:29pm Sep 11, 2007 9:29pm
Established Long Scalp Position at 231.57 Market

Stop Loss - 231.43

Take Profit - 232.37

Risk/Reward Ratio - 1:9
Your Focus Determines Your Reality
  • #9
  • Sep 11, 2007 9:34pm Sep 11, 2007 9:34pm
Quoting BenQ
What effect do you think the intereest rate statement will have?
Don't mistake the IR statement by the RBNZ to have any effect on NZD/JPY.
If it becomes a market mover most action expected at NZD/USD.
Your Focus Determines Your Reality
  • #10
  • Sep 11, 2007 9:39pm Sep 11, 2007 9:39pm
So not much effect? Great. I got into a bad hedge trade with gbpjpy and nzdjpy. I've worked my way out of the gpjpy trades, now just have the nzdjpy left and trying to figure out the best way to handle them. I'd like to get some sleep tonight. Not sure If I should open a hedge or leave it naked.

Quoting tribble
Don't mistake the IR statement by the RBNZ to have any effect on NZD/JPY.
If it becomes a market mover most action expected at NZD/USD.
  • #11
  • Sep 11, 2007 9:41pm Sep 11, 2007 9:41pm
Quoting BenQ
So not much effect? Great. I got into a bad hedge trade with gbpjpy and nzdjpy. I've worked my way out of the gpjpy trades, now just have the nzdjpy left and trying to figure out the best way to handle them. I'd like to get some sleep tonight. Not sure If I should open a hedge or leave it naked.
My moto in this case is:

"When in doubt - Stay out!"

which means in your case, get out...

Your Focus Determines Your Reality
  • #12
  • Sep 11, 2007 9:45pm Sep 11, 2007 9:45pm
Yes, usually would, but I have too many on. And without the rest of my hedge it's not protected. I'll just trade though it. I appreciate your analysis though. Nice to hear you think it will drop.

Quoting tribble
My moto in this case is:

"When in doubt - Stay out!"

which means in your case, get out...

  • #13
  • Sep 11, 2007 9:50pm Sep 11, 2007 9:50pm
Quoting BenQ
Yes, usually would, but I have too many on. And without the rest of my hedge it's not protected. I'll just trade though it. I appreciate your analysis though. Nice to hear you think it will drop.
It will drop in my opinion but it can also stop anywhere at the 77 range, and don't forget you're in a killing interest rate situation, so holding on to short positions is bad vermin...
Your Focus Determines Your Reality
  • #14
  • Sep 11, 2007 9:52pm Sep 11, 2007 9:52pm
Moving Stop Loss - 231.52
Your Focus Determines Your Reality
  • #15
  • Sep 11, 2007 9:54pm Sep 11, 2007 9:54pm
77 is more than fine. If I can get to about 78.80 I'll be fine. So I don't have a long way to go really. And yes, interest is a killer.

Looks like a nice call on the gbpjpy. How often are you in the the room?

Quoting tribble
It will drop in my opinion but it can also stop anywhere at the 77 range, and don't forget you're in a killing interest rate situation, so holding on to short positions is bad vermin...
  • #16
  • Sep 11, 2007 9:58pm Sep 11, 2007 9:58pm
Quoting BenQ
Looks like a nice call on the gbpjpy. How often are you in the the room?
In these troubled Carry Trade days?

as often as I can...
Your Focus Determines Your Reality
  • #17
  • Sep 11, 2007 10:00pm Sep 11, 2007 10:00pm
LOL. Mind if I hang out then? Will you be here all night, or what kind of schedule? I'm in New York, EST.
  • #18
  • Sep 11, 2007 10:02pm Sep 11, 2007 10:02pm
Quoting BenQ
LOL. Mind if I hang out then? Will you be here all night, or what kind of schedule? I'm in New York, EST.
DUDE! what the hell are you doing up? go get some sleep...

sure you can hang out here all you like...
Your Focus Determines Your Reality
  • #19
  • Sep 11, 2007 10:06pm Sep 11, 2007 10:06pm
Yes, it's getting late. But I want to work my way out of these trades sooner than later. My goal is to get a couple winners in and just zero out some of these contracts on nzdjpy.

I wasn't sure it was going down as it's sitting on 4 hour 50 ema. It will have to break that first.

Quoting tribble
DUDE! what the hell are you doing up? go get some sleep...

sure you can hang out here all you like...
  • #20
  • Sep 11, 2007 10:16pm Sep 11, 2007 10:16pm
Moving Stop Loss - 231.60 - 3 pips Profit Lock
Your Focus Determines Your Reality
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