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  • #4,881
  • May 2, 2014 2:18am May 2, 2014 2:18am
Quoting USD-Bear
pfff, BUND shorts stopped @ 144,75 -25, -50, -75 need some time to digest
bastards..
Patience is a virtue...
  • #4,882
  • May 2, 2014 2:22am May 2, 2014 2:22am
Quoting Hickson
Good morning, strange PA. NZD/USD consolidation and I have no clue lol. E/A short at 1,4977 is still open, but might bounce with E/U at support. Nothing really special going on. @bear: What do you think about U/J? Choppy PA, quite unnerving.
not an expert in UJ, bot so far it's just ping pong in the range.. after bears sold the top, bulls stepped in at the bottom..
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Patience is a virtue...
  • #4,883
  • May 2, 2014 2:32am May 2, 2014 2:32am
Quoting LarryDarrell
Good morning. Not at a very different place from wednesday evening. In the meantime, the BB GU short was stopped and another ECad short triggered at 5223, stop at be. A pending long in AudNzd at 0716 didn't trigger, but I've pushed it further down, don't know this pair and it looks like more downside to me. Dax: one picture to show why I can't trade it technically... M5 gaps {image}
I get your point, but M5 is pretty friggin fast especially in the dax.. is it the only TF you're using in the dax?
Patience is a virtue...
  • #4,884
  • May 2, 2014 2:45am May 2, 2014 2:45am
Quoting hadox
{quote} I get your point, but M5 is pretty friggin fast especially in the dax.. is it the only TF you're using in the dax?
nono, avoiding M5 like the plague, just wanted to get the point across I don't have a reliable feed. Never realized I've those M5 gaps till this morning, saw the gap on h1.
No, I try to trade daily, h4. Sometimes look at h1.
Fail better.
  • #4,885
  • May 2, 2014 2:47am May 2, 2014 2:47am
Quoting LarryDarrell
{quote} It's a pity, looked like a great trade. Maybe the Ukraine-situation playing it's part. Looks like it's getting hot, the separatists in the east shot down two helicopters, wonder where they got the necessary weapons... Small arms is one thing, AA guns/missiles another. And all this after a banking holiday and before the weekend (+NFP). Could become a strange day.
Yes Larry, what worries me most is the amount of confidence and the outcome of the trade, so still learning no matter how confident you are play it save....
We see the same move in US-Treasuries which makes it kind of global, UJ a pair normally heavily dependent on interest-rate differentials US versus Japan.
On current differentials it should quote below 101, think will concentrate on possible downturn there...
Don't be a hero. Don't have an ego. Always question yourself
  • #4,886
  • May 2, 2014 2:56am May 2, 2014 2:56am
Quoting LarryDarrell
{quote} nono, avoiding M5 like the plague, just wanted to get the point across I don't have a reliable feed. Never realized I've those M5 gaps till this morning, saw the gap on h1. No, I try to trade daily, h4. Sometimes look at h1.
ahh , I see.. but isn't the H1 gap just the premarket opening?
Patience is a virtue...
  • #4,887
  • May 2, 2014 3:03am May 2, 2014 3:03am
Quoting hadox
{quote} ahh , I see.. but isn't the H1 gap just the premarket opening?
. Ahhh, crap. You are right.

So, to make it official: forget what I say about dax... Well, I have those m5 gaps, but in front of the background of lacking basic knowledge, doesn't matter a thing...

.
Fail better.
  • #4,888
  • May 2, 2014 3:06am May 2, 2014 3:06am
Quoting hadox
euro is in a tricky area atm, looking for some clues around 1.385x .. btw any of you trading GJ, what's your spread?
getting an intraday rejection atm.. if bulls dont step in, I have some S at 1.381x, and still some R at 1.393x - a daily close above 1.386x would make it easier to reach the R I guess-- its friday - shit happens..
Patience is a virtue...
  • #4,889
  • May 2, 2014 3:08am May 2, 2014 3:08am
Quoting LarryDarrell
{quote} . Ahhh, crap. You are right. So, to make it official: forget what I say about dax... Well, I have those m5 gaps, but in front of the background of lacking basic knowledge, doesn't matter a thing... .
lol, shit happens..
Attached Image
Patience is a virtue...
  • #4,890
  • May 2, 2014 3:12am May 2, 2014 3:12am
{quote} Could you elaborate, where did you enter, target, s/l? Just curious. I had a long signal (I didn't take, don't know that pair at all) at 3498, and a short target at 3486, which still isn't hit. Technically I'd say a test of 33.56 is still in the cards. I guess you've taking this out of fundamental reasons, right?

hi LarryDarrel,

sorry for my late answer, i´m not very active on ff:

long usdrub @ 35,3330
initial sl 35,0330, now 35,6330
target: open - but i think we will see a new ath above 37,00

yes, i took the position out of fundamental reasons (capital flight, weak growth, inflation near 6%, canceled issues of gov.-bonds etc.).
fortis fortuna adiuvat
  • #4,891
  • May 2, 2014 3:36am May 2, 2014 3:36am
Quoting deltaone
yes, i took the position out of fundamental reasons (capital flight, weak growth, inflation near 6%, canceled issues of gov.-bonds etc.).
Ok, thanks. I got a level at 3536, so makes sense to me. I get the reasoning behind the trade, good luck with it!
Fail better.
  • #4,892
  • May 2, 2014 4:40am May 2, 2014 4:40am
With PA being a riddle to me and positions not really going anywhere, I closed everything before NFPs. Flat now, maybe NFPs will give some clue how to get into the market again. Have a nice day all!
Fix up, trade sharp ...
  • #4,893
  • May 2, 2014 7:58am May 2, 2014 7:58am
Quoting hadox
{quote} getting an intraday rejection atm.. if bulls dont step in, I have some S at 1.381x, and still some R at 1.393x - a daily close above 1.386x would make it easier to reach the R I guess-- its friday - shit happens..
bastards.. atm 1.381x is the last S before the bulls from 1.379x, a daily close above 1.381x would help the bulls in my charts..
Patience is a virtue...
  • #4,894
  • May 2, 2014 8:06am May 2, 2014 8:06am
Whoopee....
Was out shopping, took me longer than intended, quite the time management for nfp-day.

EU, in at 3824, stopped 3815, another, smaller one with the same entry not stopped.
EA: one stopped at 5008, be+7 pips
AU short from 9447, took partial at 9210, opened a long at 9213 due to BBentry.
UChf, reduced my long position, closing the upper entry with +5 pips.

Now lets have a look, until now no real change, only news reaction. But UJ leading the way for dollar strength?

Edit: AudNzd long at 1.0699, first one.
& Ecad short closed at be 5222 (!!!), amazing spread widening got me there. F%$$§$ck.
Fail better.
  • #4,895
  • May 2, 2014 8:12am May 2, 2014 8:12am
Quoting LarryDarrell
Whoopee.... Was out shopping, took me longer than intended, quite the time management for nfp-day. EU, in at 3824, stopped 3815, another, smaller one with the same entry not stopped. EA: one stopped at 5008, be+7 pips AU short from 9447, took partial at 9210, opened a long at 9213 due to BBentry. UChf, reduced my long position, closing the upper entry with +5 pips. Now lets have a look, until now no real change, only news reaction. But UJ leading the way for dollar strength? Edit: AudNzd long at 1.0699, first one.
agree, but its pretty friggin hard to know if this is a pullback or a new direction.. I'll try to judge the reaction at S / R though.. I dont know (understand) about UJ and measuring dollar strength, but judging from the chart it looks like bulls are trying to make a breakout and maybe aim for 103.9x - a daily close above 102.6x might help I guess..
Patience is a virtue...
  • #4,896
  • May 2, 2014 8:21am May 2, 2014 8:21am
Quoting hadox
{quote} agree, but its pretty friggin hard to know if this is a pullback or a new direction.. I'll try to judge the reaction at S / R though.. I dont know (understand) about UJ and measuring dollar strength, but judging from the chart it looks like bulls are trying to make a breakout and maybe aim for 103.9x - a daily close above 102.6x might help I guess..
UJ daily: I've got 103 as a 61.8, and 103.09 as a larger mid, next major level 103.2. Last one would be a short for me, the rest I'd just watch and try to understand the reaction. I'm still thinking this has to test way lower, at least 101, but when to enter for that target. And: Ken wrote about betting against major japanese politics, and he's absolutely right in my view. Very cautious when shorting, not so when buying...
Fail better.
  • #4,897
  • May 2, 2014 8:34am May 2, 2014 8:34am
Quoting LarryDarrell
{quote} UJ daily: I've got 103 as a 61.8, and 103.09 as a larger mid, next major level 103.2. Last one would be a short for me, the rest I'd just watch and try to understand the reaction. I'm still thinking this has to test way lower, at least 101, but when to enter for that target. And: Ken wrote about betting against major japanese politics, and he's absolutely right in my view. Very cautious when shorting, not so when buying...
you could be right.. anyway, we gotta wait and see what happens..
Patience is a virtue...
  • #4,898
  • May 2, 2014 8:59am May 2, 2014 8:59am
lots of interesting levels is cooking atm, next week could be important I guess..

anyway, enjoy the weekend everyone..
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Patience is a virtue...
  • #4,899
  • May 2, 2014 9:05am May 2, 2014 9:05am
Quoting hadox
lots of interesting levels is cooking atm, next week could be important I guess.. anyway, enjoy the weekend everyone.. {image}
Agree, and thanks for my new desktopbackgroundpicture.
Fail better.
  • #4,900
  • May 2, 2014 9:47am May 2, 2014 9:47am
Haha, awesome ... good to see everybody is still alive after NFPs (as expected). Shorting this irrational big blue candle from the red line has been the trade of the day for me. Almost sad I did not overleverage LOL. But made about 5 % of my "micro-lot account" with it, as some special "elite" traders here would claim. Better than a 5 % loss with billions though
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Fix up, trade sharp ...
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