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  • #1,921
  • Edited 6:30pm Jan 9, 2012 6:22pm | Edited 6:30pm
Quoting D2tz
Hi Venn,

I've been long since 1.0190 and target to 1.0420 which IMHO is the top of the current pennant. Of course I am ready to stay in if it break out to previous highs of 1.06XX. However, I had planned a retrace of 30% once it reaches the top of the pennant and then back up again. Sadly though, I think it was a miscalculation because it's just retraced 80+ pips (
Locking my balls .... (+270)
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  • #1,922
  • Jan 9, 2012 6:38pm Jan 9, 2012 6:38pm
IF it doesn't go below 1.0170 , it might go higher than 1.0318 ... imo
  • #1,923
  • Jan 9, 2012 6:38pm Jan 9, 2012 6:38pm
Quoting VennD
These two are always calm ... but likes to make surprises ...

probably due to 'quiet' intervention by BOJ and SNB ...
Venn are those limit orders or are you actually in at the bottom/top on each of those?
  • #1,924
  • Edited 6:44pm Jan 9, 2012 6:41pm | Edited 6:44pm
Quoting bayfisherman
Venn are those limit orders or are you actually in at the bottom/top on each of those?
Sell = actual in
Buy = actual in

All scalpers in between them has been closed .
  • #1,925
  • Jan 9, 2012 6:47pm Jan 9, 2012 6:47pm
That's pretty awesome to have it locked in on the top and bottom of those big moves...hat's off to the precision of those entries across all majors. Very nice.
  • #1,926
  • Jan 9, 2012 6:51pm Jan 9, 2012 6:51pm
it's going upwards from here or I'm out
  • #1,927
  • Edited 7:47pm Jan 9, 2012 6:59pm | Edited 7:47pm
Quoting bayfisherman
Venn are those limit orders or are you actually in at the bottom/top on each of those?
Those are my current positions in U/C (+739).

All middle scalpers will be closed when the time comes ...
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  • #1,928
  • Jan 9, 2012 7:05pm Jan 9, 2012 7:05pm
Quoting VennD
Those are my current positions in U/C (+739).

All middle scalpers will be closed when the time comes ...
are your current open positions on the long side? Are you longing (pun intended) for a bounce upwards on that middle fib @1.022? or hoping for downwards action?
  • #1,929
  • Jan 9, 2012 7:06pm Jan 9, 2012 7:06pm
Quoting D2tz
it's going upwards from here or I'm out
Lock some of yr profits would be a good plan ...

Re-enter at best possible price if it is taken out (with profits).
  • #1,930
  • Edited 7:51pm Jan 9, 2012 7:10pm | Edited 7:51pm
Quoting D2tz
are your current open positions on the long side? Are you longing (pun intended) for a bounce upwards on that middle fib @1.022? or hoping for downwards action?
at this juncture Im looking for up moves ...

Should market doesn't agree to my dreams ... well ... the shorts can follow to the bottom of the ocean.

Any positions which are too near to PA will be put to B/E.

edit : Look at some of the earliest posted charts . Hd positions before in 0.9 - 1.06 in U/C ... why don't I know about U/C ? (post # 1888 is one of them ... what I did to those 3 pairs ... ).
  • #1,931
  • Jan 9, 2012 7:19pm Jan 9, 2012 7:19pm
1.020 is my magical ichimoku support level on the d1 chart (if it goes that low which i am not so sure of :S )
  • #1,932
  • Jan 9, 2012 7:22pm Jan 9, 2012 7:22pm
I am going to hold my short position for now. Not a big position, that's ok
  • #1,933
  • Jan 9, 2012 8:05pm Jan 9, 2012 8:05pm
Quoting fibbonix
1.020 is my magical ichimoku support level on the d1 chart (if it goes that low which i am not so sure of :S )
I am currently short. I have been trailing it down. I will look to trail it tighter as it hits 1.02, as I believe it is a strong support as well.
  • #1,934
  • Edited 8:58pm Jan 9, 2012 8:42pm | Edited 8:58pm
edited

At this hour ... commodity currencies are moving up... (CAD/AUD/NZD being bought and USD being sold). CAD and AUD being dump by NZD.

but for U/C no decision yet until they 'kiss' each other ...

either they will retract or protract ... (Is that the correct words ? )

When they meet ... sometimes slaughtering in U/C might happen , whipsaw . Minimize yr risk by locking profits or BE ... whatever ..

attached :

USDLFX 4h
USDLFX and CADLFX 30m
Attached Image(s) (click to enlarge)
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  • #1,935
  • Jan 9, 2012 11:13pm Jan 9, 2012 11:13pm
Personally, I'm not touching U/C with a 10-foot pole until there is some clear direction in the market. Right now the obvious trend is downward, but that could very well change with Europe coming online in the next few hours. We also need to keep an eye on the situation in Iran. Typically, if oil goes up CAD strengthens and the downward trend will continue.

Long EUR/CHF seems like an obvious trade to take seeing as it is so close to the 1.21 peg, but my gut is telling me not to do it with the uncertainty in Europe.
  • #1,936
  • Jan 9, 2012 11:19pm Jan 9, 2012 11:19pm
Also keeping an eye on NZD/USD for signs of a reversal, but an ideal entry point may not show for a day or so..
  • #1,937
  • Jan 9, 2012 11:21pm Jan 9, 2012 11:21pm
Its not about Canadian dollar. USD gets hammered in most of the pairs.
  • #1,938
  • Jan 9, 2012 11:27pm Jan 9, 2012 11:27pm
Fundamental factors that affect the Canadian dollar do affect the pair. Yes, the USD is getting hammered right now, but I was pointing out other factors that could influence it. Its just my opinion anyway, to be taken with a grain of salt
  • #1,939
  • Jan 9, 2012 11:28pm Jan 9, 2012 11:28pm
im still keeping my short. Moved the SL in the profit zone and every more pip will be free money.
  • #1,940
  • Jan 10, 2012 9:03am Jan 10, 2012 9:03am
I closed my short positions. I will be accumulating longs in small batches to have a good size long position
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