{quote} it is good do take profit when they are green
im trading 2 styles, swing and scalping, hard lock on the swing trade 1.9033
- #977,882
- Apr 6, 2015 9:22am Apr 6, 2015 9:22am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #977,883
- Apr 6, 2015 9:29am Apr 6, 2015 9:29am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #977,884
- Apr 6, 2015 9:30am Apr 6, 2015 9:30am
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
- #977,885
- Apr 6, 2015 9:39am Apr 6, 2015 9:39am
{quote} As expected, we had another drop. Took a short at 1.10270, I'm currently aiming for around 1.09800. I expect this to be a temporary dropm however, and I'm looking for another leg up. If we hit above 1.10300 sometime in between later hours today and tomorrow, the first areas to watch for me is 1.1060 +/- 10 pips, followed by 1.1100~1.11300 Update: HAH! it hit 1.09810 right after I said that.
I also took a short from 0.76613 aud sl moved to BE tp open
aud is gonna crash so bad tonight
- #977,889
- Apr 6, 2015 9:46am Apr 6, 2015 9:46am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #977,890
- Apr 6, 2015 9:50am Apr 6, 2015 9:50am
- | Joined Jan 2012 | Status: Аdministrator | 1,215 Posts
- #977,893
- Apr 6, 2015 10:00am Apr 6, 2015 10:00am
- Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
{quote} Just had a little scalp on that too 1.1029 - 1.0980 easy money
However, I'd be wary for the AUD; we don't know the details behind Australia's data yet, and I'd avoid shorting the aud/usd in favor of other Aussie pairs. The market is still digesting the fallout from the lackluster NFP data, so it's best to avoid that for the time being. If Aussie data is positive, and USD bears are in control of Tokyo & London sessions, we can expect to see the dollar slip more against major pairs.
I'm still eyeing higher areas than today's highs for the following pairs: gbp/usd, eurusd, gbp/jpy. But personally, I'd avoid the gbp/jpy. That thing tends to get side-winded what with the usd/jpy being stiff against further drops and the gbp/usd inching to upper ground. Price action gets annoying for the gbp/jpy. It has great volatility & daily pip range, but that does you no good when there's contrasting market forces clashing.
For eur/usd, I'm not discounting the possibility of dropping down to halfway between the 61.5% and 50% fib point at around 1.09500 +/- 15 pips. As long as that region stays positive, I expect an intraday rise up. If it makes a clean break of that area, though, then I'll need clearer signals to long/short.
- #977,895
- Apr 6, 2015 10:04am Apr 6, 2015 10:04am
- Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
- #977,896
- Apr 6, 2015 10:16am Apr 6, 2015 10:16am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #977,897
- Apr 6, 2015 10:25am Apr 6, 2015 10:25am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
http://www.forexfactory.com/showthre...00#post8184200 I recall the analogy with USD JPY SP500
repeat
- #977,900
- Apr 6, 2015 10:42am Apr 6, 2015 10:42am
{quote} Good, good. Nice to see another person managing to snag a few dozen pips from the market. Finally, someone who realizes that the market is our common enemy in FF, not ourselves.