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Price Action and Trading Discussion

  • #5,081
  • May 6, 2014 11:34pm May 6, 2014 11:34pm
Is it logical to buy and sell same currency at the same time? Like buying USDCAD and selling USDCHF at the same time?I think Technically its ok . What do you guys think?
  • #5,082
  • May 7, 2014 2:06am May 7, 2014 2:06am
Breakouts on JPY ?
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  • #5,083
  • May 7, 2014 5:54am May 7, 2014 5:54am
Quoting lama
Is it logical to buy and sell same currency at the same time? Like buying USDCAD and selling USDCHF at the same time?I think Technically its ok . What do you guys think?
to me it does not matter much.. usd's trades with each country is different.
Passion, Persist, Patience, Protect
  • #5,084
  • May 7, 2014 6:30am May 7, 2014 6:30am
Quoting lama
Is it logical to buy and sell same currency at the same time? Like buying USDCAD and selling USDCHF at the same time?I think Technically its ok . What do you guys think?
So why not sell cadchf for half the risk? It's something that happens to me sometimes simply because I get the PA, but if you can avoid it, it would be better. It's a pain; the profit you make on one is often offset by the other.
  • #5,085
  • May 7, 2014 7:55am May 7, 2014 7:55am
$EURCAD Support/Resistance Flip???

1hr http://screencast.com/t/nr6fCbUjdqnC

4hr http://screencast.com/t/ZECoHnKJa
  • #5,086
  • May 7, 2014 8:07am May 7, 2014 8:07am
Quoting njodogg
$EURCAD Support/Resistance Flip??? 1hr http://screencast.com/t/nr6fCbUjdqnC 4hr http://screencast.com/t/ZECoHnKJa
Wedge on daily, be careful .
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  • #5,087
  • May 7, 2014 8:10am May 7, 2014 8:10am
Quoting jen101
{quote} Wedge on daily, be careful . {image}

no position, just looking for input, Thanks!
  • #5,088
  • May 7, 2014 10:03am May 7, 2014 10:03am
It is nice picture on GBP/CHF:
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  • #5,089
  • May 7, 2014 10:06am May 7, 2014 10:06am
Quoting jen101
{quote} Wedge on daily, be careful . {image}
Nicely spoted.Going to take a look i kinda missed it somehow.
  • #5,090
  • May 7, 2014 11:32am May 7, 2014 11:32am
I think the Euro sell off has started, ahead of tomorrow's ECB meeting.
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  • #5,091
  • May 7, 2014 9:26pm May 7, 2014 9:26pm
$GBPUSD half position with a busy tomorrow.

http://screencast.com/t/DKS2BFFzy5cs
  • #5,092
  • May 8, 2014 4:59am May 8, 2014 4:59am
I got these couple trades going prior to major news coming..

I am hoping for the pound to take off for the gbpcad long..

where is everyone!!.. sitting on the hand mode, lol.. it's probably wise..
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Passion, Persist, Patience, Protect
  • #5,093
  • May 8, 2014 5:13am May 8, 2014 5:13am
Quoting njodogg
$GBPUSD half position with a busy tomorrow. http://screencast.com/t/DKS2BFFzy5cs
Looks good, I think it's due a pretty heavy drop. I got in short @ 6985 and closed just above where you entered short :nerd:
  • #5,094
  • May 8, 2014 6:08am May 8, 2014 6:08am
Quoting GDR3k
{quote} Looks good, I think it's due a pretty heavy drop. I got in short @ 6985 and closed just above where you entered short :nerd:
Well I just got 135 pips on gbpaud short . It happened in 2 trades because I closed the first one by mistake.
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  • #5,095
  • May 8, 2014 6:32am May 8, 2014 6:32am
Quoting jen101
{quote} Well I just got 135 pips on gbpaud short . It happened in 2 trades because I closed the first one by mistake. {image}
Get you I was looking to short GA @ 1.82 yesterday but never ended up doing it
  • #5,096
  • May 8, 2014 7:01am May 8, 2014 7:01am
Quoting jen101
{quote} Well I just got 135 pips on gbpaud short . It happened in 2 trades because I closed the first one by mistake. {image}
nice job jenny..
Passion, Persist, Patience, Protect
  • #5,097
  • May 8, 2014 7:02am May 8, 2014 7:02am
Quoting jen101
{quote} Well I just got 135 pips on gbpaud short . It happened in 2 trades because I closed the first one by mistake. {image}
Hi Jen,

Your entry was before the big reversal bar. What's the reason for the short trade at 1.82525 ?
  • #5,098
  • May 8, 2014 7:20am May 8, 2014 7:20am
Quoting FXEmpire
{quote} nice job jenny..
Thanks

Quoting pooh123
{quote} Hi Jen, Your entry was before the big reversal bar. What's the reason for the short trade at 1.82525 ?
It's clearer on the daily. Area of supply and support / resistance. Plus bonus 38.2 fib.
Attached Image (click to enlarge)
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  • #5,099
  • May 8, 2014 7:23am May 8, 2014 7:23am
Quoting jen101
{quote} Thanks {quote} It's clearer on the daily. Area of supply and support / resistance. Plus bonus 38.2 fib. {image}

jenny any idea what your boyfriend going to say today!!!..
Passion, Persist, Patience, Protect
  • #5,100
  • May 8, 2014 7:35am May 8, 2014 7:35am
Quoting jen101
I think the Euro sell off has started, ahead of tomorrow's ECB meeting. {image}
Shit. I need a drink.
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