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  • #1,081
  • May 5, 2010 6:38pm May 5, 2010 6:38pm
Check out AUD/NZD guys; it's extremely oversold... I've mentioned this trade being long in the tooth a while ago and rode it down several hundred pips... I'm completely reversing my position now while it's under 1.2500... targeting 1.2595 to be safe and hopefully out quick!
  • #1,082
  • May 5, 2010 6:39pm May 5, 2010 6:39pm
Quoting MarcVUM
TP?
haha, 2 pips. No, probably 50 retrace of prior swing. But SL is right above "00".
  • #1,083
  • May 5, 2010 6:40pm May 5, 2010 6:40pm
Quoting shahab8b
It's a very good short set up imo, I will be really surprised it it doesn't fall at least 100 pips from here
How the trades going Shahab? You in any positions right now? You're short SPX futures right?
  • #1,084
  • May 5, 2010 6:40pm May 5, 2010 6:40pm
I don't know if I'm biased due to long E/A positions but to me it should be heading up sooner than later
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  • #1,085
  • May 5, 2010 6:42pm May 5, 2010 6:42pm
Quoting thadakman
Check out AUD/NZD guys; it's extremely oversold... I've mentioned this trade being long in the tooth a while ago and rode it down several hundred pips... I'm completely reversing my position now while it's under 1.2500... targeting 1.2595 to be safe and hopefully out quick!
I'll have to pull it up and take a look at it. Thanks for the post
  • #1,086
  • May 5, 2010 6:44pm May 5, 2010 6:44pm
Quoting Saxon
How the trades going Shahab? You in any positions right now? You're short SPX futures right?
short U/Chf from 1.11800, 1.1186 - Long E/U 1.2800
long E/A , short A/J C/J E/G, right short E-mini sp500 futures
  • #1,087
  • May 5, 2010 6:44pm May 5, 2010 6:44pm
Quoting shahab8b
I don't know if I'm biased due to long E/A positions but to me it should be heading up sooner than later
You fading?
  • #1,088
  • May 5, 2010 6:46pm May 5, 2010 6:46pm
Quoting Saxon
I'll have to pull it up and take a look at it. Thanks for the post
I have a daily RSI reading just shy of 20.
  • #1,089
  • May 5, 2010 6:46pm May 5, 2010 6:46pm
Quoting shahab8b
short U/Chf from 1.11800, 1.1186 - Long E/U 1.2800
long E/A , short A/J C/J E/G, right short E-mini sp500 futures
What's your TP on your EU trade?
  • #1,090
  • May 5, 2010 6:49pm May 5, 2010 6:49pm
Quoting Saxon
What's your TP on your EU trade?
I traded once from 1.2820 closed with 50 pips , this time I'm looking for at least 100 pips

oh , I was short N/J which stopped out at B/E with this jump
  • #1,091
  • May 5, 2010 6:54pm May 5, 2010 6:54pm
Quoting Saxon
You fading?

Sl below 1.41 at E/A , already down almost 4k on that one
  • #1,092
  • May 5, 2010 6:58pm May 5, 2010 6:58pm
Quoting shahab8b
I traded once from 1.2820 closed with 50 pips , this time I'm looking for at least 100 pips

oh , I was short N/J which stopped out at B/E with this jump
Hey Shahab8b

I have a little trick I have noticed on eu, on Thursdays and Fridays when the daily open (NY 5pm) is below the daily pp it has a 90% chance that it will touch my version of daily s1 which today is 1.2775. I would keep the stops tight if longing today. Other days of the week are 50/50 but for some reason on Thursday and Friday this almost always plays out.
  • #1,093
  • May 5, 2010 7:06pm May 5, 2010 7:06pm
Quoting amyc
Hey Shahab8b

I have a little trick I have noticed on eu, on Thursdays and Fridays when the daily open (NY 5pm) is below the daily pp it has a 90% chance that it will touch my version of daily s1 which today is 1.2775. I would keep the stops tight if longing today. Other days of the week are 50/50 but for some reason on Thursday and Friday this almost always plays out.
Thanks Amyc, I'll keep that in mind.
  • #1,094
  • May 5, 2010 7:38pm May 5, 2010 7:38pm
Moved my UCHF stop to BE now
  • #1,095
  • May 5, 2010 8:13pm May 5, 2010 8:13pm
Quoting shahab8b
I don't know if I'm biased due to long E/A positions but to me it should be heading up sooner than later
I won't trade that pair anymore. lol It has burned my fingers one too many times.
  • #1,096
  • May 5, 2010 8:21pm May 5, 2010 8:21pm
Quoting Saxon
Moved my UCHF stop to BE now
Nice trade my man. I'm with ya on that one. Price action today became exhausted quick and we almost always get that last push before it dies off (thus the divergence and higher pricing).

And Mike, thanks for turning me on to this thread brother!
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I dream, therefore I become.
  • #1,097
  • May 5, 2010 8:26pm May 5, 2010 8:26pm
Quoting mike w
Nice trade my man. I'm with ya on that one. Price action today became exhausted quick and we almost always get that last push before it dies off (thus the divergence and higher pricing).

And Mike, thanks for turning me on to this thread brother!
Hi Mike,
Nice to have a new face in the thread. Seems a lot of us were trading CHF today. AUD news is up soon. Might be my last trade before London
  • #1,098
  • May 5, 2010 8:27pm May 5, 2010 8:27pm
Quoting calderone
I won't trade that pair anymore. lol It has burned my fingers one too many times.
Yea, I know what you mean; at first it looked like an ending diagonal. but I'm not sure about that anymore , Aussie news will be out in 5 min, I think that will break 1.41 and take out my SL ,I've already considered it a loss
  • #1,099
  • May 5, 2010 8:35pm May 5, 2010 8:35pm
Quoting Saxon
Hi Mike,
Nice to have a new face in the thread. Seems a lot of us were trading CHF today. AUD news is up soon. Might be my last trade before London
Oh yeah, the shorter timeframes brought the money today for the pairs that I trade and that includes the CHF. I'm not trading anything else until a bit after London either. If this one works out, then it'll be here when I wake up. Have a great night ladies and gents and hopefully I'll hear from ya in the A.M.
I dream, therefore I become.
  • #1,100
  • May 5, 2010 8:39pm May 5, 2010 8:39pm
Quoting mike w
Oh yeah, the shorter timeframes brought the money today for the pairs that I trade and that includes the CHF. I'm not trading anything else until a bit after London either. If this one works out, then it'll be here when I wake up. Have a great night ladies and gents and hopefully I'll hear from ya in the A.M.
Later Mike. I think I will take his example and step off the desk till London. Off for a jog around the building, good luck with your trades, talk to you guys in a bit!
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