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  • #8,361
  • Feb 5, 2009 6:30am Feb 5, 2009 6:30am
Quoting bumasoft
Lost 40 pips on a G-U short... Bummer!
0.5% cut was forecast and priced in so Cable was more likely to follow the trend if the news was as expected.

No cut would have sent stock plunging and cable rocketing conversely a bigger cut and you could have shorted cable.

Where did you short from?
  • #8,362
  • Feb 5, 2009 6:33am Feb 5, 2009 6:33am
Quoting RedCabbage
0.5% cut was forecast and priced in so Cable was more likely to follow the trend if the news was as expected.

No cut would have sent stock plunging and cable rocketing conversely a bigger cut and you could have shorted cable.

Where did you short from?
Damn. I thought my calendar showed EST times. I thought there was no news until 7 hours from now... I shorted from 1.4629.

EDIT: 1.4615, sorry!
  • #8,363
  • Feb 5, 2009 6:38am Feb 5, 2009 6:38am
Quoting bumasoft
Damn. I thought my calendar showed EST times. I thought there was no news until 7 hours from now... I shorted from 1.4629.
Log on to www.ransquawk.com register for a free account then click on 'squawk'.
  • #8,364
  • Feb 5, 2009 6:41am Feb 5, 2009 6:41am
Quoting RedCabbage
Log on to www.ransquawk.com register for a free account then click on 'squawk'.
Thanks!
  • #8,365
  • Feb 5, 2009 6:52am Feb 5, 2009 6:52am
The cool thing is that I had a limit order on GBPJPY at 131.90 and it turned at 131.89 for over 100 pips. LOL
  • #8,366
  • Feb 5, 2009 6:56am Feb 5, 2009 6:56am
0.86 - 0.8580 might me good for a scalp if it gets there.
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  • #8,367
  • Feb 5, 2009 7:04am Feb 5, 2009 7:04am
Quoting bumasoft
The cool thing is that I had a limit order on GBPJPY at 131.90 and it turned at 131.89 for over 100 pips. LOL
lol
that's great

I am still holding my uj short, it was like riding a roller coaster from 89.80 to 90 and then back to 89.80.

edit: should have added to the short position when it was at 90, but the up move was too scary
  • #8,368
  • Feb 5, 2009 7:04am Feb 5, 2009 7:04am
I shorted NZD USD at 0.5149 where it seemed to line up with other peaks to the left. Currently has formed an hourly pin which has broken short and I'm at +32.

I was too scared of Cable.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,369
  • Feb 5, 2009 7:19am Feb 5, 2009 7:19am
Quoting Thexder
I shorted NZD USD at 0.5149 where it seemed to line up with other peaks to the left. Currently has formed an hourly pin which has broken short and I'm at +32.

I was too scared of Cable.
Great trading. I had my stop loss two tight on the NZD and got stoped out.
  • #8,370
  • Feb 5, 2009 7:37am Feb 5, 2009 7:37am
closed uj for +10 as usd looks volatile and eurusd broke 1.28
  • #8,371
  • Feb 5, 2009 7:47am Feb 5, 2009 7:47am
Anyone long on the EURO?
  • #8,372
  • Feb 5, 2009 7:56am Feb 5, 2009 7:56am
Took 21 pips from the novice . Had a small position anyway. I was expecting it to go lower.
  • #8,373
  • Edited 8:56am Feb 5, 2009 7:56am | Edited 8:56am
I'm also long on GBPJPY with SL at BE.

Edit: Currently 91 pips +. Target is 100 pips.

CLOSED at 50 pips. Bastard was breaking support
  • #8,374
  • Feb 5, 2009 9:14am Feb 5, 2009 9:14am
Today was a NZD bank holiday. If I knew that, I wouldn't have traded this pair today...
  • #8,375
  • Feb 5, 2009 9:24am Feb 5, 2009 9:24am
anyone reckon its good to long at .8700-8730?
  • #8,376
  • Feb 5, 2009 9:26am Feb 5, 2009 9:26am
Hi Guys, been following this thread for awhile now and finally have freed up my schedule to start joining in. Was hoping a few folks could provide some advice on what time of day to trade. I'm in EST, so I was thinking of starting around 4AM (9AM London) and following things through to about noon EST (around or shortly after close of London).

Would those hours be reasonable times to trade the markets to get some potential NBTs or are there better times of day?

For what its worth, I'm hoping to work NBTs to a goal of 200 pips/week (which works out to 40/day) but of course I'll just be happy to see the account balance larger at the end of the week/month than it was at the beginning.

Thanks.
  • #8,377
  • Feb 5, 2009 9:27am Feb 5, 2009 9:27am
Quoting Knightz
anyone reckon its good to long at .8700-8730?
I was thinking about that, but I think I'll wait for .8600-8580... There is a demand level here, but I'm not so sure it will hold. You take it if you're confident it will reverse.

Btw, going long is countertrend... I think the best would be to short 0.88 - 0.8840
  • #8,378
  • Feb 5, 2009 9:28am Feb 5, 2009 9:28am
Quoting bumasoft
Took 21 pips from the novice . Had a small position anyway. I was expecting it to go lower.

Is that the long Euro trade your talking about?
  • #8,379
  • Feb 5, 2009 9:29am Feb 5, 2009 9:29am
Quoting islandpippin
Is that the long Euro trade your talking about?
Yeah, I closed too early.
  • #8,380
  • Feb 5, 2009 9:40am Feb 5, 2009 9:40am
Quoting Knightz
anyone reckon its good to long at .8700-8730?
If you took it, good luck. M5 looks promising.
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