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US Trade balance 12:30 Gmt

  • #21
  • Sep 12, 2006 5:49am Sep 12, 2006 5:49am
Quoting merlin
btw, the straddle traders look like they got f*cked on that one!
Not really accurate. I got what I wanted from both brokers i have right now.

The key was Conservative TP. I have learned from experience, greed kills.

And for those trading with lousy brokers, forget it. You cant complain and get your cake.
  • #22
  • Sep 12, 2006 5:49am Sep 12, 2006 5:49am
Quoting merlin
im going to make a wild guess and says that not many people are happy today. i anticipate much broker complaints coming very soon:
Not really... in fact, I should have listened to my broker. The quotes that were displayed looked odd from the beginning... but I plowed on anyway. Not a very smart decision on my part... have to admit it.

Quoting BK
The key was Conservative TP.
That's true too. I had the opportunity to sell at a gain, but didn't.
  • #23
  • Sep 12, 2006 5:51am Sep 12, 2006 5:51am
Quoting merlin
but the fade trade is looking good

Over 30 pips within minutes.....Merlin..not bad!
Trust price. Know yourself.
  • #24
  • Sep 12, 2006 5:51am Sep 12, 2006 5:51am
Quoting BurgerKing
Not really accurate. I got what I wanted both brokers i have right now.

The key was Conservative TP. I have learned from experience, greed kills.

And for those trading with lousy brokers, forget it. You cant complain and get your cake.
glad to hear it BK. i can tell from your words that you are maturing as a trader my friend
Relax and be happy.
  • #25
  • Sep 12, 2006 5:51am Sep 12, 2006 5:51am
Merlin,
Looks like the dollar is retesting the down side.
The technicals support your call
Profit is where readiness meets Opportunity
  • #26
  • Sep 12, 2006 5:51am Sep 12, 2006 5:51am
Whip!! 2 strong reports came out at the same time!! The CAD had the most deviation of the 2, which drove the US dollar up, but the reaction to that was kinda belayed, meaning that there was a little whipsaw during the volitility! I had my TTO at about 5 pips up and down on the EUR, which is a no no for staddle (i should have made it 20 pips). But i got out of it fast when i saw the market not having the momentum. I went long the EUR/USD and came out alive!! I bagged a few pips, nothing major. Then it went down! To about 40 pips! Which sux if i kept my position. Then trading the retrace, since the Trade balance wasnt good for the US, i know that the EUR will be stronger in the long run, which i did the old saying, buy low and sell high. And man, its going high about now, 1.2710 high. Time to close soon.
  • #27
  • Sep 12, 2006 5:52am Sep 12, 2006 5:52am
Quoting SeekingLight
Over 30 pips within minutes.....Merlin..not bad!
yeah looks like it accelerating now, EURUSD back to 1.2715.
Relax and be happy.
  • #28
  • Sep 12, 2006 5:55am Sep 12, 2006 5:55am
Using NorthFinance:

Traded GBPUSD and USDCAD using AmazingEA (straddle) with .10 lots each.

GBPUSD @ +20
USDCAD @ -6

Was trying to manually close USDCAD when it's still @ +7 but NorthFinance connection becomes up and down...After trying and trying, finally manage to close it manually...but not until it's at -6.
  • #29
  • Sep 12, 2006 5:59am Sep 12, 2006 5:59am
Yep Merlin, that is where i quit and closed my position!! All in all, a shitty day for alot of peeps. 2 STRONG reports out, which should be a sign to trade small, not large. Im happy with 1350 profits on demo . As im typing this, the dollar shot up to bout .2725 (from .2715) area, man i type slow, hehe. I dont know how much pips i made today, i would say its around 20-30 pips, 5 lots or so.
  • #30
  • Sep 12, 2006 6:04am Sep 12, 2006 6:04am
took a pound long when the pound broke 1.8737 took prifit on 1 postion at 1.8765 and left one running with a +1 stop.
Profit is where readiness meets Opportunity
  • #31
  • Sep 12, 2006 6:11am Sep 12, 2006 6:11am
Quoting merlin
btw, the straddle traders look like they got f*cked on that one!
Merlin,
I wasn't, i got stoped out at Breakeven, and what about that fading thing you always want to do? don't you believe in nature forces?

I'll be happy if you tell us what causes fades? and how to detect fades candidates.

thanks.
Trading is a long and a short story.
  • #32
  • Sep 12, 2006 6:23am Sep 12, 2006 6:23am
check out the CAD everybody
DOUBLE JEOPARDY
Profit is where readiness meets Opportunity
  • #33
  • Sep 12, 2006 6:26am Sep 12, 2006 6:26am
trailing my stop on the pound long to 1.8740
dollar is trying to find friends
Profit is where readiness meets Opportunity
  • #34
  • Sep 12, 2006 6:33am Sep 12, 2006 6:33am
and hear comes the dollar support.
this should be my direction for the rest of the day
Profit is where readiness meets Opportunity
  • #35
  • Sep 12, 2006 7:03am Sep 12, 2006 7:03am
looking for 1.2450 area to hold on the Franc to keep my dollar long favor (roughly 1.2705 euro)
Profit is where readiness meets Opportunity
  • #36
  • Sep 12, 2006 7:10am Sep 12, 2006 7:10am
I don't straddle trade and took a bath on this one. MT4 feed went down and crashed the trading platform.

All I can do is mitigate my losses and move on to the next trade.
  • #37
  • Sep 12, 2006 7:11am Sep 12, 2006 7:11am
Quoting spinmypip
I'll be happy if you tell us what causes fades? and how to detect fades candidates.
check out these threads...
http://www.forexfactory.com/forexfor...highlight=fade
http://www.forexfactory.com/forexfor...highlight=fade
Relax and be happy.
  • #38
  • Sep 12, 2006 7:13am Sep 12, 2006 7:13am
gonna exit the dollar longs here. there may be more but I'm taking the cash
Profit is where readiness meets Opportunity
  • #39
  • Sep 12, 2006 7:23am Sep 12, 2006 7:23am
what a great day - filled with opportunities!
the only downside for me was not getting filled on my straddle. oh well.

calling it a day. Hope everyone got some.
Profit is where readiness meets Opportunity
  • #40
  • Sep 12, 2006 7:31am Sep 12, 2006 7:31am
Yes, judging by the charts, it's very likely.
I was long cable since last night, thanks to diall's knife and grandma’s crystals. It was rewarding.. almost 100ps on one lot locked, 2 more are still going...


Quoting merlin
btw, the straddle traders look like they got f*cked on that one!
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