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  • #161
  • May 4, 2011 4:23am May 4, 2011 4:23am
Quoting darendse
1.4900 is a biggie.....I have a feeling it can be one of those breakouts that will go..

If you look at the daily chart the next big resistance is the 2009 high @ approx. 1.5150.
I agree with you darendse, and I hope it does because you will have a nice trade. I am a short term trader, and I do not keep a position open over a weekend. I will be cautious tomorrow because who knows how it will move until the announcement.
  • #162
  • May 4, 2011 8:44am May 4, 2011 8:44am
I think I a done for the day. I managed to extract soe more out of the market this afternoon taking the EURUSD long and the EURCAD long on the breaks of those levels.

The markets have come a fair distance today and I am in profit so I a not going to attempt to give back what I have earned :-)

If I have time later I will give a brief outlook on where I see the currencies going, and what I am planning to trade in the coming weeks from a longer term perspective.

Have we talked about approaches yet guys? Maybe we can learn a little bit about how each other trades...

I will attempt to give an outline later.
  • #163
  • May 5, 2011 12:49am May 5, 2011 12:49am
Hi All

See no trades this morning. Will be waiting for ECB and BOE rate decisions and we also have NFP tomorrow.

Euro is still stuck in the same range , even after yesterday's amazing breakout.

As stated yesterday, I am bit cautious on the Aussie....this still stands. It has now broken through the bullish trend-line and it has taken on a bearish tone.

USDCHF is still in the down channel, but I have no signal to trade.

Cheers.
  • #164
  • May 5, 2011 2:00am May 5, 2011 2:00am
I agree. From y perspective I am looking to be in and out today. I am not looking for a home run. If I get one then bonus but if not I will be happy scalping a little bit here and there.

Having said that, I a still looking to buy Euros or Pounds....
  • #165
  • May 5, 2011 5:37am May 5, 2011 5:37am
I have not had any activity this morning. I did not place any orders. I will wait and see what tomorrow offers.

Good luck with your trading.
  • #166
  • May 5, 2011 5:46am May 5, 2011 5:46am
Thanks DCB.

I took a few this morning Long EUR and am finishing the morning with +13.

I saw the short opportunity but didn't fancy shorting as the previous move had been grinding higher.

I will wait until after all of the economic announcements now before entering anything again.
  • #167
  • May 5, 2011 5:09pm May 5, 2011 5:09pm
WOW! I just turned on my computer and looked at my charts. I hope you guys were able to get some of that E/U and U/C move.

I will see you tomorrow and see what that day offers.
  • #168
  • May 6, 2011 1:55am May 6, 2011 1:55am
Quoting Dcb
WOW! I just turned on my computer and looked at my charts. I hope you guys were able to get some of that E/U and U/C move.

I will see you tomorrow and see what that day offers.

276 pip candle on Euro H4 chart and exactly the same on USDCHF .....amazing !! Unfortunately did not get any of it. I avoid trading around important news...not my cup of tea.

I am getting mixed signals again this morning....so I will be sitting on the sideline...

Hope you guys have a good day.

Cheers.
  • #169
  • May 6, 2011 2:20am May 6, 2011 2:20am
[quote=darendse;4598536]276 pip candle on Euro H4 chart and exactly the same on USDCHF .....amazing !! Unfortunately did not get any of it. I avoid trading around important news...not my cup of tea.

I am getting mixed signals again this morning....so I will be sitting on the sideline...

Hope you guys have a good day.

Cheers.[/quot
I do not trade the news either. I am hesitant this morning as well, so I may come back in a couple of hours.
  • #170
  • May 6, 2011 2:31am May 6, 2011 2:31am
hi.. everyone.
euro basket amazing move yesterday. i still short eu & ej

darendse, nice about your tips before, uchf very2 dip..
  • #171
  • May 7, 2011 6:01am May 7, 2011 6:01am
greetings all ,

i have just noticed the thread and i am interested.
also i find here friendly. i will follow the thread.

wishing good trades for all.
the best indicator is trader's knowledge , experience and dicipline.
  • #172
  • May 11, 2011 1:53am May 11, 2011 1:53am
gbp/usd , my opinions about London session.

from the opening , i am expecting some 50 - 70 pips movement , i am gonna update the trend (long or short)
recently. BOE Gov King Speaks and BOE Inflation Report
will be a breaking point , then i am expecting a long movement for those economical datas.
i am gonna update my opinions recently.

it is not an advise but my opinions. high risk warning.
the best indicator is trader's knowledge , experience and dicipline.
  • #173
  • May 11, 2011 3:39am May 11, 2011 3:39am
Quoting fx-season
gbp/usd , my opinions about London session.

from the opening , i am expecting some 50 - 70 pips movement , i am gonna update the trend (long or short)
recently. BOE Gov King Speaks and BOE Inflation Report
will be a breaking point , then i am expecting a long movement for those economical datas.
i am gonna update my opinions recently.

it is not an advise but my opinions. high risk warning.
fx-season, I bought the G/U at 1.63766 because looking at the chart I thought it would go up. I also expected the G/U to make a run up prior to all of its news. I was correct, but it was a wild ride. I do not know if I would do it again. I left at 1.64050 for a 28.4 PIP gain. I left because I know how the G/U can be so volatile.
Good luck with your trades today.
  • #174
  • May 11, 2011 4:03am May 11, 2011 4:03am
dear Dcb , very nice to hear about your profit.

i was expecting some movement , long actually. but i couldnt be sure , and it has happened wild... so i didnt take the risk and still watching.

good trades for all.
the best indicator is trader's knowledge , experience and dicipline.
  • #175
  • May 11, 2011 4:34am May 11, 2011 4:34am
Quoting fx-season
gbp/usd , my opinions about London session.

from the opening , i am expecting some 50 - 70 pips movement , i am gonna update the trend (long or short)
recently. BOE Gov King Speaks and BOE Inflation Report
will be a breaking point , then i am expecting a long movement for those economical datas.
i am gonna update my opinions recently.

it is not an advise but my opinions. high risk warning.
fx-season, There it goes.
  • #176
  • May 11, 2011 4:54am May 11, 2011 4:54am
yeah it did
the best indicator is trader's knowledge , experience and dicipline.
  • #177
  • May 11, 2011 6:30am May 11, 2011 6:30am
I sold the E/U at 1.43830. I had a TP of 1.43535, and I moved my SL to 1.43659. The price came back and hit my SL. I was taken out at 1.43659 for a 17.1 PIP gain.

I did not trade the G/U any more after my initial trade. I do not trade the news, especially the BOE because the GBP is so volatile.

I am done for the day.
  • #178
  • May 11, 2011 6:40am May 11, 2011 6:40am
i see Dcb , wishing you good trades always.

im waiting for New York session now.
i am gonna watch gbp/usd , gbp/chf and maybe eur/usd or eur/chf.
the best indicator is trader's knowledge , experience and dicipline.
  • #179
  • May 12, 2011 12:10am May 12, 2011 12:10am
Hey guys, Great Thread all around, I trade and had a thread very similar to this on another forum so I thought I would just bring my analysis over here.

I Trade the U.S./London over lap with a lot of emphasis on the opening of the U.S markets. So most of any analysis will be from that time frame, and most will be on smaller time frames dealing mainly with PA/SR, TL, and Fib levels with recognition of the higher time frames.

Looking forward to working with you all!

From one full time trader to the next,
Cheers!
  • #180
  • May 12, 2011 1:51am May 12, 2011 1:51am
Quoting Crankshot17
Hey guys, Great Thread all around, I trade and had a thread very similar to this on another forum so I thought I would just bring my analysis over here.

I Trade the U.S./London over lap with a lot of emphasis on the opening of the U.S markets. So most of any analysis will be from that time frame, and most will be on smaller time frames dealing mainly with PA/SR, TL, and Fib levels with recognition of the higher time frames.

Looking forward to working with you all!

From one full time trader to the next,
Cheers!
It is kind of quiet. I am watching the U/C and the E/U.
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