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Really enjoy articles like this...puts things in perspective.
Had a bit of a bump in EUR/AUD.....but the trend looks set to continue....I think this pair has the possibility of offering good returns going forward......
Quoting clockwork71
Had a bit of a bump in EUR/AUD.....but the trend looks set to continue....I think this pair has the possibility of offering good returns going forward......
My problem is that I'm still waiting for enough of a pullback to get in. No entry signals for me since dec 19 and that was Xmas break for me...

Oh well, patience shall be rewarded by the 8H ichimoku God.
Yeah I've missed out on EUR/AUD so far too, I was counting on a retest of 1.3 area, but so far we only got a retest of that diagonal line and I don't like those.

As always though, there will be more opportunities.
It is also possible to enter on new lows.....admittedly, it's not my favorite way to do it....but its with the trend, makes sense, shows momentum, etc.....
Oh, and everyone start shorting the GBP/USD pair - I need it to break down so we can get that big move I am eyeing.......
Quoting clockwork71
Oh, and everyone start shorting the GBP/USD pair - I need it to break down so we can get that big move I am eyeing.......
Good move here. Weekly should not close above 1.54136.
anyone else buying nzdusd and selling gbpchf or is it just me starting the train?
Quoting clockwork71
It is also possible to enter on new lows.....admittedly, it's not my favorite way to do it....but its with the trend, makes sense, shows momentum, etc.....
I too didn't like doing this, but started doing it more often, as long as it's with the trend and it seems to work okay, but your stop is usually bigger and u have to wait for the next leg to actually make anything worth while, which means holding ur nuts and being brave. I actually have done this with euraud just recently - I like the look of gbpusd too chris, it looks set to blow, but it could just be a knock... time will tell...

hope ur well, havent posted much here latley, been too busy!

all the best

cheers

brady
Quoting VitaminBeer
I too didn't like doing this, but started doing it more often, as long as it's with the trend and it seems to work okay, but your stop is usually bigger and u have to wait for the next leg to actually make anything worth while, which means holding ur nuts and being brave. I actually have done this with euraud just recently - I like the look of gbpusd too chris, it looks set to blow, but it could just be a knock... time will tell...

hope ur well, havent posted much here latley, been too busy!

all the best

cheers

brady
Good to hear from you Brady......

As for NZD/USD and GBP/CHF...I am interested in NZD. The GBP/CHF trade I worry about only because of the potential of EUR/CHF testing that now famous 1.20 level. If the SNB intervenes, the Franc will fall against everything at once. As long as EUR/CHF behaves itself, all should be good. So if I were to take that trade, I would keep an eye on EUR/CHF as well.....

Chris
Quoting Venice
Good move here. Weekly should not close above 1.54136.
Awesome. My boat is loaded from 1.5323 up to 1.5396 between 5 full orders for a scale in.

A weekly close above the previous mentioned number 1.54136 will null this trade and it will be closed out.
Quoting clockwork71
Oh, and everyone start shorting the GBP/USD pair - I need it to break down so we can get that big move I am eyeing.......
I'll get the ball rolling for you Chris.

I took a "pre-emptive" short entry at 1.5385 with 0.5% position size.

That should be massive enough to push it down below 1.53 for good.

/sarcasm
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Quoting VitaminBeer
anyone else buying nzdusd and selling gbpchf or is it just me starting the train?
Currently flat but I agree with your positions.
Quoting uBERpIP
I'll get the ball rolling for you Chris.

I took a "pre-emptive" short entry at 1.5385 with 0.5% position size.

That should be massive enough to push it down below 1.53 for good.

/sarcasm
Sweet! That is what I am talking about!!!!
I know we are hating on the EUR at the moment but the EUR/CHF is very close to the 1.2 SNB 'floor', is anyone interested in a long here?
My problem is the CHF is getting beaten up by the commodity currencies.....so I'm a bit confusedid ....maybe that says it all??
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Quoting mypipbull
I know we are hating on the EUR at the moment but the EUR/CHF is very close to the 1.2 SNB 'floor', is anyone interested in a long here?
My problem is the CHF is getting beaten up by the commodity currencies.....so I'm a bit confusedid ....maybe that says it all??
Agreed about the "maybe that says it all" bit as it is always safer to play it that way. But I think I would be alright with taking a flyer at 1.20 or so. The main reason is that the SNB has to do something at that level. If the market thinks it has been had - this pair would collapse at that point.....and the SNB knows it.
Got knocked out of this trade for now......put a stop loss in just above the hammer that formed on the daily chart. I am looking to see what happens at 1.25 in order to get short again.......the breakdown recently was significant, but the recent move has been a bit overdone. The pullback is to be expected....

EUR/AUD:
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Quoting clockwork71
Sweet! That is what I am talking about!!!!
Well, sir, my 0.5% wasn't enough to hold it down.

I'll do better next time.
Quoting clockwork71
Got knocked out of this trade for now......put a stop loss in just above the hammer that formed on the daily chart. I am looking to see what happens at 1.25 in order to get short again.......the breakdown recently was significant, but the recent move has been a bit overdone. The pullback is to be expected....

EUR/AUD:

Same here. I got taken out at 123.25.

Kind of a double edged sword for me. I added to my position too quickly and still made a decent return, but I boxed myself into a situation where I couldn't sit through a legitimate retrace.

Let's see what it shows us over the next days/week.
Quoting uBERpIP
Well, sir, my 0.5% wasn't enough to hold it down.

I'll do better next time.

lol, no worries.......
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