XTrade's 50 pips

Technically,

AUSSIE and KIWI hitting low RSI around 30.

No volume.

Trickle off from last friday's move up.

Hitting support.

Entries possible

NZD: Appx 8300 - on sustained breach sell for 50+ Otherwise long.
AUD: APPX 1.o720 same deal.

I am in and negative a few. Nothing to sweat yet.
X

Entries valid long, so far.

A lot of bearish smog.

scuff it off and stick to your trade.

MY
targets
AUD 1.1+
Nzd 8800

Internet went down before, but was able to snatch a screen of the first entries.

I have to double check but I believe I closed these not soon after for appx 23 pips a piece.

Then grabbed new entries. All via Trade Station moble.= in other words trading on the damn PHONE!

It's great but definitely has it's drawbacks.

pretty dead London session so I left the originals on for todays pop to make the goal. Then snatched up these and here we are.

Targeting range tops
AUD 1.8000 appx
NZD 8375 appx

I don't like moving my stops to BE due to the fact that the market OFTEN comes back to your exact entry and then takes you out for Nothing before moving in the desired direction.

Yet, the secondary trades are exactly that secondary and although in a new session, it's the same day.

So in this case I am screen watching, no stop no tp set yet.
AND,
this would be a rare case where I would consider BE.

I had to run out for a bit and I apologize for not mentioning this.

AUD - News > Cash Rate ( A big deal -lol -)

ACTUAL = 4.25%
FORECAST = 4.00%
PREVIOUS = 4.25%

So in anticipation of a hike I slapped on a TP/SL (now removed). It got hit while I was out! For a clean 78 pips! Woohoo! Nice news trade and more reason to remain bullish Aussie.

I need to take a look at AUD/NZD because it looks like it dropped the KIWI temporarily.

Here are the chart for both at current. KIWI seems trapped in a 75 pip range with support/ temp bottom @ 8300

However Kiwi is above middle Daily pivot and I don't believe AUSSIE is done yet.

Gonna test the waters and try a scalp on AUD; Not touching Kiwi as of now, (down to a pip or two) expecting a rise though, a test / breach of 8375 would be IDEAL.

AND if AUSSIE can take 1.0800 hola to 1.1000 test!

Be careful!

AUD that is and as expected KIWI is not staying down this time! One might even jump in on Kiwi NOW.... AUSSIE you'll have to be a bit more cautious. But with the US keeping rates low and the Aussie's raising, I only see this thing going up.
Another option would be to wait for pullback / correction on AuD. I don't feel it's necessary on KiWi ATM though. Again Be safe trade smart.
Chart:

Maybe not enough steam? We shall see. Be patient. If you are trading AUD/USD and NZD/USD
Keep an eye on AUD/NZD

Check out this bar on H1!!!

Chart attached.

It may stay stagnant until AUSSIE is done with it's move. The new hourly bar is up so far.
Staying above mid pivot so far may show some promise.

If Swissy can reach 9250 or 9300 I'd be tempted to short there. But would have to check news and PA first.

Internet issues two days this week.....
Now I am back on track.

AUD and NZD / USD are basically flat.

Maybe time to switch up some day trading pairs.

I like to trade Euro / USD with Swissy the can move inversely nicely and FXcm
provides an extra pip on swissy trades.

GBP can be used as well. It depends on which one is more correlated at the time.

Eying up Euro for potential long entry. I have a position on another account, but does not fit with the 50 pips + theme here.

Should have support at 3200 and a nice target to shoot for in and out would be a breach and sustain of 3500 to continue upwards momentum.
Yet, news out of Greece should play a role. Much has likely been priced into the recent fall to 2600....

After a BAD foot injury, happening around ninth actually, I am back in action.
Been spending a bit of time in the Gold thread getting re-acquainted.

Yet, Now it is time to resume 50 pips with a vengeance.

So, scanning board.............. We had a mean 80 buck fall in gold yesterday, duo to SEVERAL FACTORS. Pieces have yet to be picked up, buy will.

Anyway. Time to make 50 + pips/

AUSSIE - #1 pair atm --- Liking the fact that we are back into the o8oo's
Tentative target is to establish base at this area and make th 200pip push toward 1.1

Have a small long from this afternoon hovering at 07933.

Going to eye Kiwi Next and I have a NICE Long term gameplain on swissy.
Oh. BTW, Small short on swissy @ 9055

Hello again XT,

Seems like an interesting thread to participate in too, but it doesn't seem to be very active now: last post was 16 days ago!

Will you pursue or abandon?

I'll keep checking back for a few days

Hi the Camel.

Sorry for my late re: after a long break concentrating on Gold and Silver I am back day trading FX again and will have this thread up and running again soon,
thanks for your inquiry, feel free to post anytime,

X

Recent money makers.

Although I stopped trading Cable for a while it was my first FX love.

When I look at my history demo and live it seems to produce a ton of consistent pips for me. so I hope to add it in here.

Right now I'm watching a five chart board.
This consists of the following. no order

USD/CHF
EUR/USD
GBP/USD
AUD/USD
NZD/USD

these are my day trading pairs right now and sometimes

I like to short USD/CAD.

I traded Asia/London last night, took profit after a nap at around 3:45 am EST.
Then did a bit of scalping to add app 40 more pips to the earlier 150.

some of this was loss recovery from earlier trading so I'd say the net was around 100 pips.

Awake on and off since then, I have been resisting temptation and kicked in my discipline. Thus, I am waiting for NY and the NY stock exchg. to open before taking any trades.

Maybe I can get some calls in.

Cable:
Right now, I got my break of resistance on Cable through 5940 hitting almost 5960 from lower resistance I believe in the 30s
Waiting for pullback.

Euro: stuck in range would like to see topside break of 3150

Swissy: Stuck in range, and in a nice inversere correlation with Euro.
Likely when one breaks the range the other will follow in the opposite direction. A good hedge if you are losing on a Euro long, buy swissy.
Looking for a break of support to come in fashion of 9140 with rejection after. If rejected, looking into the 8000s

AUSSIE: had a nice 200 pip rally so far this week from almost 0200 to 0400 straight. Looking for more strength if it can maintain the broken DTL on the daily / h4

Kiwi: Seems to have a bit more power than Aussie lately and I am adding or trading this pair with multiples either 2 to 4 positions.
Looking for more strength and as with others mentioned possible pullback on NY open

Going to see about a demo explorer for this thread. don't know if I can have 2 different ones for different threads.....

DAMN!!!!!!!! Should have entered!!!!!

Euro breaking Swissy breaking!!!!!

ARRRGGGGHHHHH

15 minutes to NY open.....

I had great entries from last night and the day I stop position trading the market finally stops day trading, "ranging"

FINALLY SOME DECISIVENESS!!!!!

PLAN OF ATTACK

Wait for open, see if there is pullback.

SHORT : SWISSY
U/CAD - need to look at chart.

LONG:
CABLE
AUD/USD
KIWI
EURO

Well, this is why we wait sometimes, and have discipline.

When day trading we always need to watch news:

Position trading it's important, yet once the trend is rolling set it and forget it.

So this is why I waited...
more news here
http://www.forexfactory.com/