Currency trading (Aug 14th > 18th)

[hornblower]

elliot wave wise
looking at a long term chart
I was wondering if this should be the third downward leg to 8778

 

[smbtnt]

Anyone know what triggered the sharp yen pair rallies?

 

[Offshore Trader]

Anyone know what triggered the sharp yen pair rallies?

China hiked rates

 

[Offshore Trader]

Moved my stop to 25. I think if we go below 30 the longs are doomed

 

[Offshore Trader]

I think 1.2800 on EUR/USD is important

 

[coolTrader]

Looks like people are unwinding dollar shorts gradually. As it is rather expensive to hold shorts long term.

 

[Offshore Trader]

elliot wave wise
looking at a long term chart
I was wondering if this should be the third downward leg to 8778

Great call

 

[dc2000]

now looking for an exit at 824

 

[zuke]

Zuke,

60 pip stop loss and $100 a pip, thats a big account or big cahoonas...or both!

Or Im just stupid!! It came within 6 pips of my stop then reversed. It bounced off the channel so Im hoping the channel holds. Had a very good month, so maybe that explains my "cahoonas"

 

[Offshore Trader]

Zuke glad to hear you are still in. Thought your stop was at 83 and you would have been hit at that level

 

[Offshore Trader]

The Mich confidence figure is normally a market mover so there has to be a chance we won't do much until then....

 

[dc2000]

23 will do me exited

 

[Offshore Trader]

23 will do me exited

I hope you are wrong DC, still running a small long from 04 s/l 90, if I get stopped out I'll give up then

 

[dc2000]

I hope Im wrong, but for me the short signal earlier would give a target of 731 so an exit was on the cards for me

 

[smbtnt]

23 will do me exited

Where did you enter DC?

 

[zuke]

Zuke glad to hear you are still in. Thought your stop was at 83 and you would have been hit at that level

Had to move the stop to 73 because when I added MTF channels to my chart, 83 was inside the channel. Still hoping the channel around 80 holds

 

[Offshore Trader]

Closed 1/2 my position at 48 and the other half at 30. Won't do anything now unless we go above 70. Frustrating day but made money

 

[coolTrader]

What a day!! Where do we go from here. look up but no follow through "yet"

 

[coolTrader]

this is a divergent bottom so unless they are looking for something at the bottom I would say this is the bottom for now...

 

[coolTrader]

has everyone gone away for weekened don't blame you