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Sultans of Swing

  • #261
  • Oct 22, 2013 6:42am Oct 22, 2013 6:42am
France wants ECB to weaken euro vs. dollar: report
http://www.marketwatch.com/story/fra...ort-2013-10-22
Those who say it cannot be done should not interrupt those who are doing it
  • #262
  • Oct 22, 2013 6:51am Oct 22, 2013 6:51am
Quoting PipTrapper
{quote} LOL @ Conspiracy {image}

tin-foil hat works even better if it's pyramid-shaped!
cryptocurrency everytime
  • #263
  • Oct 22, 2013 7:27am Oct 22, 2013 7:27am
Quoting PipTrapper
France wants ECB to weaken euro vs. dollar: report http://www.marketwatch.com/story/fra...ort-2013-10-22
Even though I doubt the ECB would support this, it doesn't sound like a bad idea considering how much Europe exports.
  • #264
  • Oct 22, 2013 8:10am Oct 22, 2013 8:10am
Quoting PipTrapper
Short EUR/USD 1.3678 Reason for short: 1. Completion of EW wave 5. 2. Major bearish divergence on Daily chart (MacD and RSX). 3. Supply zone drawn off the 2013 1.3710 rejection candle. 4. Rising upper trend line resistance. First target at 1.3500 Second target at 1.3340 SL at 1.3720 EURUSDCALL
Obviously stopped out.
Back to the drawing board.

EURUSDCALL
Those who say it cannot be done should not interrupt those who are doing it
  • #265
  • Oct 22, 2013 8:13am Oct 22, 2013 8:13am
Still holding short on cable and Aussie, as well as long AUD/NZD.

I'm going to give the EUR/USD a break for now and focus more on the promising pairs.
Will formulate a plan tomorrow. Today I take a break.
Those who say it cannot be done should not interrupt those who are doing it
  • #266
  • Oct 22, 2013 9:52am Oct 22, 2013 9:52am
I took some profits on my cable longs after the NFP move, still bearish on the dollar and with the UK GDP prelim due out on Friday expected to be positive according to the IMF survey... the bullish cable move will hopefully continue!
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  • #267
  • Oct 22, 2013 9:38pm Oct 22, 2013 9:38pm
Finally Kiwi is crashing independent of Aussie

Patience patience patience!!

Shooting for 1.1580 first

Ultimately this could go for 1.19/1.21
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #268
  • Oct 22, 2013 10:39pm Oct 22, 2013 10:39pm
HEY FELLAS! Finally a thread on POSITION / SWING TRADING>

Can't wait to share my charts......!!!

Read the first post and many others - Just getting acquainted.

My Major SWING is CABLE,

My positions are Aussie and Kiwi.

My Large day trades are all USD/CHF and Gold / SILVER.

Thanks for having me!

Be back with some charts tomorrow... IN NY time.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #269
  • Oct 22, 2013 10:40pm Oct 22, 2013 10:40pm
Quoting PipTrapper
Still holding short on cable and Aussie, as well as long AUD/NZD. I'm going to give the EUR/USD a break for now and focus more on the promising pairs. Will formulate a plan tomorrow. Today I take a break.

PT- personally I would be looking to buy dips, not holding shorts even if they are scalps.

What's the reasoning here?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #270
  • Oct 22, 2013 11:24pm Oct 22, 2013 11:24pm
Quoting XTrade
HEY FELLAS! Finally a thread on POSITION / SWING TRADING> Can't wait to share my charts......!!! Read the first post and many others - Just getting acquainted. My Major SWING is CABLE, My positions are Aussie and Kiwi. My Large day trades are all USD/CHF and Gold / SILVER. Thanks for having me! Be back with some charts tomorrow... IN NY time.
Hey. Nice to have a gold specialist here - since the value of USD is linked to the value of gold (among other things) and my own trading method is built largely on intermarket forces acting on USD - I look forward to seeing your analysis.
si hoc legere scis nimium eruditionis habes
  • #271
  • Oct 23, 2013 2:27am Oct 23, 2013 2:27am
Quoting XTrade
{quote} PT- personally I would be looking to buy dips, not holding shorts even if they are scalps. What's the reasoning here?
That is the ultimate plan after yesterday's NFP number, but first I want to see these O/B conditions relieved. A correction was inevitable after the big boys demoralized the bears by taking out their stops.
Now I just have to cover my shorts and start to get drunk on QE4EVA
Those who say it cannot be done should not interrupt those who are doing it
  • #272
  • Oct 23, 2013 2:33am Oct 23, 2013 2:33am
Quoting Rag2RichesFX
Finally Kiwi is crashing independent of Aussie Patience patience patience!! Shooting for 1.1580 first Ultimately this could go for 1.19/1.21 {image}
I'm right there with you R2R. All mine are set to BE now. Zero risk/Max Profit
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #273
  • Oct 23, 2013 2:42am Oct 23, 2013 2:42am
Quoting PipTrapper
{quote} Obviously stopped out. Back to the drawing board. EURUSDCALL

sorry to see that entry stop out - eventhough i did not take a trade, I thought your entry was promising.

As for me, I completely messed up a great Gold opportunity last night. Basically fumbled my initial entry on a "London head fake" and then lost confidence to enter on the impulse up - went short too early - sat until the roosters willing PA down to my underwater short... just classic Mr Bean in the markets kind of stuff.

Anyhow, PA has now returned to my short level so I've written myself a stern reprimand in my journal and feel ready for what may come!

Good Luck all!
cryptocurrency everytime
  • #274
  • Oct 23, 2013 2:46am Oct 23, 2013 2:46am
Quoting XTrade
HEY FELLAS! Finally a thread on POSITION / SWING TRADING> Can't wait to share my charts......!!! Read the first post and many others - Just getting acquainted. My Major SWING is CABLE, My positions are Aussie and Kiwi. My Large day trades are all USD/CHF and Gold / SILVER. Thanks for having me! Be back with some charts tomorrow... IN NY time.

Hi XTrade!

Good to see you here. I think you're acquainted with theDHT - he's on a research break and will be around now and again for a few weeks.

Looking forward to your position trade exposition!
cryptocurrency everytime
  • #275
  • Oct 24, 2013 6:20pm Oct 24, 2013 6:20pm
Quoting PipTrapper
{quote} I'm right there with you R2R. All mine are set to BE now. Zero risk/Max Profit {image}
AUDNZD!

Oh we are so close now... (first target 1.1580) I'm taking some off here 1.1538 (10%), looking for a minor 4 hour swing down to buy the dip again.

It worked successfully yesterday, partial profits taken at 1.1480, dip bought at 1.1440!
Be hopeful in a winning position, and fearful in a losing position.
  • #276
  • Oct 25, 2013 1:07am Oct 25, 2013 1:07am
Quoting Rag2RichesFX
{quote} AUDNZD! Oh we are so close now... (first target 1.1580) I'm taking some off here 1.1538 (10%), looking for a minor 4 hour swing down to buy the dip again. It worked successfully yesterday, partial profits taken at 1.1480, dip bought at 1.1440!
Agreed it's quite overbought here and due for a slight pullback.
I'm not taking anything off, but I will add on the dip.
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #277
  • Oct 25, 2013 1:54am Oct 25, 2013 1:54am
This week I successfully managed to buy the weakest of the currencies I follow - the only one which actually fell against USD. If you want to succeed in this game just read my posts carefully, then do the exact opposite. Lucky I only took a small position on this. It looks like pulling back to a nice technical long entry early next week though, if AUD fundamentals stay bullish and USD stays bearish.
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si hoc legere scis nimium eruditionis habes
  • #278
  • Oct 25, 2013 2:07am Oct 25, 2013 2:07am
Quoting numbnuts
This week I successfully managed to buy the weakest of the currencies I follow - the only one which actually fell against USD. If you want to succeed in this game just read my posts carefully, then do the exact opposite. Lucky I only took a small position on this. It looks like pulling back to a nice technical long entry early next week though, if AUD fundamentals stay bullish and USD stays bearish. {image}
Hey if it keeps ranging in this area and you don't get stopped out, you should make some good coin on the positive swap
Those who say it cannot be done should not interrupt those who are doing it
  • #279
  • Oct 25, 2013 2:13am Oct 25, 2013 2:13am
Quoting PipTrapper
{quote} Hey if it keeps ranging in this area and you don't get stopped out, you should make some good coin on the positive swap
The posi-what?? Swap? Oh, yeah - that was actually my plan all along.
si hoc legere scis nimium eruditionis habes
  • #280
  • Oct 25, 2013 4:41am Oct 25, 2013 4:41am
Quoting PipTrapper
{quote} Agreed it's quite overbought here and due for a slight pullback. I'm not taking anything off, but I will add on the dip. {image}
Hmmm. No pullback yet. Oh well, I'm not complaining.
Those who say it cannot be done should not interrupt those who are doing it
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