Currency Trading (Nov 27th - Dec 1st)

[a_gnome]

Hi all, long 68. Stop loss at -10.

Long from 44 this morning trading a variation on the Big Ben/VEBO type of strategy. Was expecting a whipping today but it seems to have got lucky with the news. We'll see how it goes...

 

[dc2000]

I'll stick with the hand Ive got

 

[Baruch]

I'll stick with the hand Ive got

dc,

Are you long or short - or both?

 

[Baruch]

Long from 44 this morning trading a variation on the Big Ben/VEBO type of strategy. Was expecting a whipping today but it seems to have got lucky with the news. We'll see how it goes...

What's VEBO?

 

[jacinto]

I would imagine that the option barriers at 1.9500 Cable and 1.2000 CHF are pretty strong and will probably prevent a breach at least first time. I hope not...

I have to say that swissy looks better to defend it than does cable........time will tell

i will go swissy long at 72 with a stop at 30 if and when that happens, otherwise, sidelined good luck to you all

 

[ChowClown]

Long from 44 this morning trading a variation on the Big Ben/VEBO type of strategy. Was expecting a whipping today but it seems to have got lucky with the news. We'll see how it goes...

Nice entry a_g, good luck later. Consumer Confidence at 3pm likely to stir things too.

 

[Offshore Trader]

My s/l at b/e. I think 1.95 will be too tough a nut to crack this afternoon

 

[ChowClown]

My s/l at b/e. I think 1.95 will be too tough a nut to crack this afternoon

...snap.

 

[a_gnome]

What's VEBO?

This is ChowClowns method. VEBO = Volatility Expansion Break Out. He's better able to explain it but it basically involves volatility-adjusted break-out entry stops around the 8 am opening.

 

[ChowClown]

This is ChowClowns method. VEBO = Volatility Expansion Break Out. He's better able to explain it but it basically involves volatility-adjusted break-out entry stops around the 8 am opening.

...which was derived from the ideas of Hans123 and SM01 over at strategybuilderfx.

 

[a_gnome]

My s/l at b/e. I think 1.95 will be too tough a nut to crack this afternoon

At least it's having a go...

 

[Jack o'Clubs]

Direction right, market wrong. I'm suffering pair envy here - long Euro, but over the last couple of days you cable guys have had much the better performance. Still hanging on in the expectation that Euro performance will catch up.

 

[Offshore Trader]

At least it's having a go...

I'm surprised but square on s/l anyway. P&L nil again today. I should have followed my thoughts of earlier today but then again, my thoughts are usually wrong and my system right. If I had stuck to it strictly I'd still be long, so I'll be kicking myself if it breaks through

 

[Baruch]

...which was derived from the ideas of Hans123 and SM01 over at strategybuilderfx.

Could you explain it for us dummies?

 

[Offshore Trader]

Could you explain it for us dummies?

I'm not sure it's fair to ask people to explain all their work

 

[Baruch]

I'm not sure it's fair to ask people to explain all their work

Why not? We are here to share, aren't we?

 

[Baruch]

Well, 3 min to major news. And it could be a big surprise, which can make a turning point for the dollar. Maybe.

 

[Baruch]

And we got the surprise (house sales).

 

[jacinto]

I have to say that swissy looks better to defend it than does cable........time will tell

i will go swissy long at 72 with a stop at 30 if and when that happens, otherwise, sidelined good luck to you all

that got me in at 72 long, looking for 2180 first, then 22

need break of 2090 or will close

edit: moving early to BE as this is counter trend

 

[ChowClown]

Could you explain it for us dummies?

I'm not prepared to post the full details at this stage, Baruch. Sorry.