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  • #2,181
  • Aug 4, 2008 3:20pm Aug 4, 2008 3:20pm
Stepping out for a while... gotta take a break. I'll try and be back for euro session. I usually trade US session and set limit orders during asian session.

Nice talking to you all
  • #2,182
  • Aug 4, 2008 3:20pm Aug 4, 2008 3:20pm
Quoting len979
I went long at 0.9322 last friday. I was looking to sell around 0.9460, +138,... the high today was 0.9344 (only +22 from my entry). I would have taken half off the table at +40, but never got the opportunity, plus today's candle looking a bit bearish. I know today's candle is not yet done forming, but it's gonna be fairly slow from now till next session, so it's safe to assume the candle is gonna finish as is.

I also saw those crazy moves from August last year and decided 0.9000 was a better entry.
Shorts are not going to like .9280, I'm waiting to short from .9600
  • #2,183
  • Aug 4, 2008 3:24pm Aug 4, 2008 3:24pm
Quoting BillyRayValentine
Alright...I think I think I think I might finally catch up with these trades here......

First the good news on this trade....we had a high of 108.38, within the 10 pip range of the lower level. I'm tracking it at 108.35, the lower portion of the 10 pip range as per our rules, for +106 pips so far.

Looking at these levels they should still be relatively good. Just watch out with all the FOMC talks going on tomorrow, listen in and dont trade it unless there's good conviction to do so. But this one is banked so far - moving right along.

hi billy

did you already get short UJ ?
  • #2,184
  • Aug 4, 2008 3:34pm Aug 4, 2008 3:34pm
Quoting BillyRayValentine
By the way if youre trading CAD, look for a bounce off of 1.0325 or 1.0309-0 for longs. Just a heads up.
Before that (?) USDCAD may want to test this 1.0376 level, which is this year's high, and was also very close to a support we saw last summer. While one obvious risk is the correlation of this pair to Oil, I am still calling this

SHORT USD/CAD 1.0376

What do you think?
Thanks for a gr8 thread, everyone! Good luck!!
6p
Attached Image (click to enlarge)
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  • #2,185
  • Aug 4, 2008 4:11pm Aug 4, 2008 4:11pm
Len,
You made so many good calls.......You are quick to notice setups...... I am sure you will do good and have many green pips tomorrow.......... I am in negative range as usual............ shorted USD/CAD 1.0352
Good luck buddy



Quoting len979
Just closed last half aud/usd long 0.9291, -31. My confidence level kept going down on that trade, and I really did not to give up today's profits. I'll pass on that one. Feeling a little relieved

I also added to aud/cad short @ 0.9632
BANDA333
  • #2,186
  • Aug 4, 2008 4:34pm Aug 4, 2008 4:34pm
Quoting kimmy
hi billy

did you already get short UJ ?
Hi Kimmi - Im out of my first position and waiting for a better entry on the next. I didnt want to take a new one so late in the day.
  • #2,187
  • Aug 4, 2008 5:25pm Aug 4, 2008 5:25pm
After watching the downward trend over the past few days, I tried a countertrend positioning with the gpbusd. I got filled at 1.9715 (6:25 GMT) today. I'm currently down about 103 pips. Do you think I should cut my losses and wait on the tomorrow's FOMC report, or remain patient a try to ride it out?

Walt
  • #2,188
  • Aug 4, 2008 6:26pm Aug 4, 2008 6:26pm
Quoting jones247
After watching the downward trend over the past few days, I tried a countertrend positioning with the gpbusd. I got filled at 1.9715 (6:25 GMT) today. I'm currently down about 103 pips. Do you think I should cut my losses and wait on the tomorrow's FOMC report, or remain patient a try to ride it out?

Walt
The FOMC will be the least of your worries I would say. We have CIPS and Industrial Production for UK tomorrow. Those can move it 50 points or more sometimes.
If you still think it's going up just place your stops below next support and wait it out. If your broker doesn't widen and slip in major way just tighten your stops at 4:29:50 AM
  • #2,189
  • Aug 4, 2008 6:50pm Aug 4, 2008 6:50pm
Short USD/CAD 1.0460-70

This is a pretty big level. I actually think this is a repost but as we get closer to these highs it becomes more and more of a reality. If 1.0379/8 gets broken through its only a handful of pips away at that point. Here's the chart:
Attached Image (click to enlarge)
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  • #2,190
  • Aug 4, 2008 7:00pm Aug 4, 2008 7:00pm
The more I think about it and study the charts, the more I think AUD/ USD is toast. Anyone else feel the same?
  • #2,191
  • Aug 4, 2008 7:05pm Aug 4, 2008 7:05pm
Quoting seesaw
The more I think about it and study the charts, the more I think AUD/ USD is toast. Anyone else feel the same?
Just broke yesterday's low
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,192
  • Aug 4, 2008 7:10pm Aug 4, 2008 7:10pm
Morning,

My Aud/usd from last week has just hit my stop. So yes toast up.
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  • #2,193
  • Aug 4, 2008 7:18pm Aug 4, 2008 7:18pm
Quoting seesaw
The more I think about it and study the charts, the more I think AUD/ USD is toast. Anyone else feel the same?
i think it'll bounce between now and .9250
  • #2,194
  • Aug 4, 2008 7:20pm Aug 4, 2008 7:20pm
Quoting Clouds
i think it'll bounce between now and .9250
sooner 9275,
  • #2,195
  • Aug 4, 2008 7:21pm Aug 4, 2008 7:21pm
Quoting sonicdeejay
Dear Iron Man...

What is ur view on EUR/JPY??On its way..167.51 ???

sonic
I'm not too interested in this pair right now. I would be more interested in it back near 169 and higher where I would look for opportunities to sell
Energy and persistence conquer all things! Ben Franklin
  • #2,196
  • Aug 4, 2008 7:23pm Aug 4, 2008 7:23pm
Quoting BillyRayValentine
Short USD/CAD 1.0460-70

This is a pretty big level. I actually think this is a repost but as we get closer to these highs it becomes more and more of a reality. If 1.0379/8 gets broken through its only a handful of pips away at that point. Here's the chart:
Now that's some timing! This explosion on the usd/cad has been unrelenting. I keep expecting a retracement, but none seems forthcoming. Do you believe that if 1.0378 gets retested, given the seriously OB condition, that it will act as good support?
  • #2,197
  • Aug 4, 2008 7:25pm Aug 4, 2008 7:25pm
Quoting seesaw
The more I think about it and study the charts, the more I think AUD/ USD is toast. Anyone else feel the same?
it's not just the aud/usd that is toast, you are saying it's the end of all currencies besides the usd, currencies have been depreciating against the dolllar for a few weeks, but it may not last, and it can't forever, it has nothing to do with the aussie.
  • #2,198
  • Aug 4, 2008 7:35pm Aug 4, 2008 7:35pm
Attached Image (click to enlarge)
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USDCAD putting up a "3".
  • #2,199
  • Aug 4, 2008 7:36pm Aug 4, 2008 7:36pm
Attached Image (click to enlarge)
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1.0515 seems a long way off...
  • #2,200
  • Aug 4, 2008 7:39pm Aug 4, 2008 7:39pm
Quoting Clouds
it's not just the aud/usd that is toast, you are saying it's the end of all currencies besides the usd, currencies have been depreciating against the dolllar for a few weeks, but it may not last, and it can't forever, it has nothing to do with the aussie.

I mean Aussie in particular. RBA could be very bearish.
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