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  • #2,061
  • Jun 1, 2010 4:39am Jun 1, 2010 4:39am
Took 2 AJ shorts this morning...but both exited @ BE+1. In a CJ short from 85.97 but its a poor trade...didnt check news and we have CAD rate announcement later with expectations of a rate increase. CAD is relatively strong across the board this morning so poor trade...looking for optimum position to exit prior to news.

dont see much else and i'm busy packing and doing other pre-holiday stuff so not overly fussed about taking any trades unless they are great short term setups.
  • #2,062
  • Jun 1, 2010 5:17am Jun 1, 2010 5:17am
morning guys
hmmm! i see price has started moving after yday's dulling day.....
many pips dis week guys
time to scan my charts for opportunities
cheers
Simplicity is the key to success
  • #2,063
  • Jun 1, 2010 5:52am Jun 1, 2010 5:52am
Quoting lovejoy80
Took 2 AJ shorts this morning...but both exited @ BE+1. In a CJ short from 85.97 but its a poor trade...didnt check news and we have CAD rate announcement later with expectations of a rate increase. CAD is relatively strong across the board this morning so poor trade...looking for optimum position to exit prior to news.

dont see much else and i'm busy packing and doing other pre-holiday stuff so not overly fussed about taking any trades unless they are great short term setups.
Where are you heading off to?

I'm going to Edinburgh in the middle of August. I don't know yet if I'll take a connecting flight to London, but if I get there, maybe we'll get a beer or something.
  • #2,064
  • Jun 1, 2010 6:34am Jun 1, 2010 6:34am
Quoting neutro
Where are you heading off to?

I'm going to Edinburgh in the middle of August. I don't know yet if I'll take a connecting flight to London, but if I get there, maybe we'll get a beer or something.
I really like Edinburgh, a smaller version of the nicer parts of London IMO. I got engaged there too!

Off to Paphos in Cyprus...just for a relatively cheap week away in the Sun.

Yeah, if you get to London have to grab a beer
  • #2,065
  • Jun 1, 2010 6:37am Jun 1, 2010 6:37am
Quoting squeezy
Morning guys, also here
been reading roaso over the weekend , and I must say it's definaley a must read IMHO
didn't know when I got to chapter 8 and I'm not the biggest reader,
anyways catch u guys later as today is pretty slow
cheers guys
It's one of my fav trading books too...I'm not a keen reader either but found this a great book to read...got 50 pages to go which I'll finish on the plane journey tomorrow
  • #2,066
  • Jun 1, 2010 6:54am Jun 1, 2010 6:54am
Quoting lovejoy80
It's one of my fav trading books too...I'm not a keen reader either but found this a great book to read...got 50 pages to go which I'll finish on the plane journey tomorrow
nice

looks like gbp just made some sudden moves, probably due to news
not all that keen on news though, just noticed all my gbp pairs exploding
Simplicity is the key to success
  • #2,067
  • Jun 1, 2010 7:03am Jun 1, 2010 7:03am
Quoting squeezy
nice

looks like gbp just made some sudden moves, probably due to news
not all that keen on news though, just noticed all my gbp pairs exploding
Short would have worked. PPZ + retest of TL.
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  • #2,068
  • Jun 1, 2010 7:12am Jun 1, 2010 7:12am
Quoting lovejoy80
I really like Edinburgh, a smaller version of the nicer parts of London IMO. I got engaged there too!

Off to Paphos in Cyprus...just for a relatively cheap week away in the Sun.

Yeah, if you get to London have to grab a beer
Meantime you are there could you please check our accounts at FxPro ? LOL
  • #2,069
  • Jun 1, 2010 7:17am Jun 1, 2010 7:17am
Quoting neutro
Short would have worked. PPZ + retest of TL.
Why short ? It looks like a long IMO. If it retest the orange line I go for it. This move it is still part of the attempt to break 1.45
Attached Image
  • #2,070
  • Jun 1, 2010 7:29am Jun 1, 2010 7:29am
Quoting ogeid
Why short ? It looks like a long IMO. If it retest the orange line I go for it. This move it is still part of the attempt to break 1.45
It seemed valid for a 'scalp'. Short @ 1.46 with 40p SL (maximum, to hide it behind a small PPZ) would have brought 1R, or at least stop moved to BE.
  • #2,071
  • Jun 1, 2010 7:44am Jun 1, 2010 7:44am
Quoting ogeid
I ll see if it breaks 72.50 for 70 target. I am expecting a retrace now to pick up some momentum but I am also willing to give up something and wait.
Yep, gave up more than 100 pips !!! I closed it now for +115. I am not sure this was the best way to manage this trade. Grrr
  • #2,072
  • Jun 1, 2010 7:47am Jun 1, 2010 7:47am
Quoting neutro
It seemed valid for a 'scalp'. Short @ 1.46 with 40p SL (maximum, to hide it behind a small PPZ) would have brought 1R, or at least stop moved to BE.
I ll see what you mean
  • #2,073
  • Jun 1, 2010 7:51am Jun 1, 2010 7:51am
Quoting neutro
Short would have worked. PPZ + retest of TL.
well, im a pretty conservative trader (i think, lol)
i wouldnt have taken that as im not into touch trades, used to be( not anymore)...... maybe in the future though (anything can happen)
trying to master one thing before moving forward
cheers
Simplicity is the key to success
  • #2,074
  • Jun 1, 2010 8:37am Jun 1, 2010 8:37am
Looks like a choppy day today...GBP is very strong which seems a bit odd as no news for it be rising against the likes of NZD, CAD and AUD like it has today. glad I'm not really looking for trades today as price action doesnt look that appealing to me at the moment.
  • #2,075
  • Jun 1, 2010 9:07am Jun 1, 2010 9:07am
Quoting lovejoy80
Looks like a choppy day today...GBP is very strong which seems a bit odd as no news for it be rising against the likes of NZD, CAD and AUD like it has today. glad I'm not really looking for trades today as price action doesnt look that appealing to me at the moment.
It is a strange day. 100 + pips down in the morning followed by 100 up, to bring us back to where we were.
US news are positive. I have the feeling we re going to move down again. Roller coaster
  • #2,076
  • Jun 1, 2010 9:09am Jun 1, 2010 9:09am
Quoting ogeid
It is a strange day. 100 + pips down in the morning followed by 100 up, to bring us back to where we were.
US news are positive. I have the feeling we re going to move down again. Roller coaster
We've had that a fair bit recently...down in Europe then up in US session
  • #2,077
  • Jun 1, 2010 9:11am Jun 1, 2010 9:11am
Cause I am tired of missing on E/U, I placed a touch trade short on the descending 4 hr TL (1.235) Kind of Jacko's style. Small position 0.5% and larger SL.
  • #2,078
  • Jun 1, 2010 9:43am Jun 1, 2010 9:43am
A Nice Pin is forming on Oil Daily, If by any chance it closes above 75 then is a strong bullish sign
  • #2,079
  • Jun 1, 2010 9:45am Jun 1, 2010 9:45am
Quoting ogeid
Cause I am tired of missing on E/U, I placed a touch trade short on the descending 4 hr TL (1.235) Kind of Jacko's style. Small position 0.5% and larger SL.
A lot of people using the same TL, my order has been hit to the pip. This does not mean it is going to move down now.
  • #2,080
  • Jun 1, 2010 10:13am Jun 1, 2010 10:13am
Quoting ogeid
A lot of people using the same TL, my order has been hit to the pip. This does not mean it is going to move down now.
I would have done the same...EU is in a clear 4HR channel
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