EURUSD

closed shorts and waiting for 093x to enter soft shorts also looking for 095x/100x/103x/107x/ and lastly 109x
also depends on ADPNFP

GL and Happy trades to all!

Got long signal before 1.0828. ah whatever Close all my sell position & open 1st long at 1.08917

Almost the same.

That's why I have closed 1 short from AU (with profit)and I am watching the news and ready to pull the trigger if I like what I see

Currently long - will take loss if against the data

Just move your account from FXCM until not to late and many problem is solved too

It's near LL can't short it
Long is against trend, can't long it.
Without data is to risky for me: so I stay away 4 minutes
Forexcube opened 2 positions before data : up and down but I don't want to do it on a trending pair.

Hi Lancedes, in what currency is your FXCM MT4 account denominated (USD, EUR, GBP, CHF, JPY, AUD, NZD, CAD)?

The reason I ask is because our USD and AUD MT4 servers are set to the time zone GMT+3, so that daily chart bars begin and end in sync with the 5pm New York Close. That results in five daily candles per week. By contrast, if your MT4 account is denominated in another currency besides USD and AUD, then the server time is set to GMT. That results in six daily candles per week with a 3-hour Sunday candle. That in turn would result in different calculations for a 200-day moving average.

Please send me a private message if you would like to check/change the time zone settings of your MT4 account.

my b.e. 0882 long just got killed

closing some shorts here, probably short term support area, staying short though

Usually i would love to take a long here.... but the PA just isn't working out.. feels like we are consolidating for a lower move down as oppose to any form of retracements.. usually moves like these are bigger and more knee jerked. So I dont have a good level to short right now.. but i'm definitely not going to long at this point. will start to layer in for the day.

However, me no likey this PA.... This is what i usually see with this PA working on the floor...

We should have at least tested 0923 - 33 region if this was a controlled movement with people taking profit.. which means fresh ammunition for a lower leg down...I would then be comfortable entering that region and riding it down throughout the day... But it looks like our NYK boys didn't TP and remained short, thereby passing on this risk and as a result, a smaller balance sheet to the Asia book...

This can only mean two things..

1). we are all set an aligned to take this lower down in a fast and furious movement without any form of retracement. (The stars are aligned in terms of mandate, flows and positioning. Research has made their call and clients are positioned in a way that going long will be extremely stupid)

2). We get a short squeeze due to a lack of balance sheet / risk to push this baby down ... which means this pops back right up to test the 1.1 region.

Either way, the market is primed for something interesting and i would not like to be caught on the wrong end of the movement.

Interesting observations..

Usually the sequence is as such (i'm trying to explain the flow of money here - for fx market at least)

Asia >> repositioning of risk from the NYK boys... (that means TP-ing, rehedging our deltas and getting rid of extra risk in our books -> hence the retracement)
Ldn >> Setting the tone and deciding how to allocate the books between NYK boys and Asia boys ... strategic advantage to see the major flows here because they straddle two time zone)
NYK>> take ridiculous risk, usually news releases (dollar data) resulting in over or under shooting and causing the Asia boys to have to reposition their books again.

I don't like trading the initial NYK hours because most of the time it results in wild volatility and swings that gets you whip sawed (i remembered seeing someone post about trading profitability time of the day) but it does provide good opportunities for retracements and scalping.


That aside, usually when all 3 are aligned (like now, short through without retracements), it usually means that the mandate has been approved to take it lower / higher resulting in a deep movement.

If this 3 align for too long.. you get short squeezes or deep retracements.. This feels like just the start.. so i'm more inclined to saying we take the deep move down... Stay safe all.

the drums are beating..
http://www.bloomberg.com/news/articl...ger-the-better

Glad to hear you hold mate, but I kinda knew that .I had partial TP for bull/bear/chop scenario at 1,09231. Next levels set are 08568 and 06310. Primary intraday was about 20% of EU portfolio secondary about 38% and last 42%. My current plan is +- bounce of 0845 up to 0923, where I reload. Hope it works. Depends on where we make low ofc, so waiting.

edit: Also dropped 2 intraday levels on UJ 124,13 and 124,34. Now waiting for break up to 124,964

not questioning anything but if this thing starts REALLY moving people who are long now may never see even a BE in coming many many months.
trade safe.

I went long and is now 15pips away from my SL ...

I agree .. If ur at 1.09 plus, and waiting and praying for it to come back to BE to get out, get out now.

Would you short it now? I'm long at 1.0881

the 30min pin is still holding however the hourly almost printed an inverted hammer, sadly with leg, so more waiting rewuired, however the 4hr has printed a nice double top, which can be seen also on daily now, a good a place as any to put stoploss above, my thinking anyway
cheap entry with potential for a nice chunk of green pip

Hi Dan, think you shouldnt worry of 15 pips movement. Usuall intraday noise you cant affect is even gigger, and suppose you have 1,2 pips spread, is 8% of 15 pips movement = the most expensive way to trade.

edit: Sry I think I have totally misunderstood what you wrote. So if I recall right, you feel screwed, sorry to hear that.

Not if ur leverage 100:1 it depends I guess.. lol. If ur trading long term and scaling in, then 15 pips is just noise.. Like Tom said.. But if ur a scalper and u took a 50:1 leverage and ur hoping it doesn't go more then 6-10 points away from u.... That's a different story isn't it

very likely NFP UJ will spike up a lot. UJ looks like bull flag.