Forex trading live calls and set ups

[wackypete2]

I think your analysis is good. It's the slow bleed thats been killing us lately. Also with lower volatility the s/r areas become stronger...which is good...but also closer together, so profit targets have less reward compared to the risk.

Peter

 

[wackypete2]

Just saw this on ForexLive:

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Finance ministers from the G7 nations will hold an informal meeting this week and the Japanese FinMin Noda has already stated that FX may well be on the agenda.

The so-called “currency wars” have been getting an increasing amount of air time in recent days and this will make it much more difficult for the BOJ to justify any more unilateral intervention to its other major counterparts.

The fact that they didn’t enter the market yesterday when they had the chance after the monetary easing tells me that they are nervous about upsetting the US in particular. The market will surely test the BOJ resolve at 82.85 before the day is out.
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The BOJ intervention has been, in part, a factor for my trades of USDJPY and its what has caused the current support levels. Absent this and I have to adjust or stay away from this currency for a bit. We'll see. If 82.85 support is tested and holds overnight then a new trade scenario will develop.

I'm getting too long-winded since trades are few and far between!

Peter

 

[Lord Flasheart]

morning all

 

[Lord Flasheart]

im still short eur/jpy
im slightly ahead for the week,so a good downward run this morn will make me a happy little bunny

 

[Lord Flasheart]

come on guys start flogging this euro

 

[Lord Flasheart]

short eur/usd from 1.3865 s/l 12

 

[Lord Flasheart]

this is why,not the best line,but lets see

 

[Lord Flasheart]

short eur/usd from 1.3865 s/l 12

1/2 off at +15, rest to b/e. I did this as I am already exposed in euro

 

[be-positive]

set of fine lines there jules , prefer the curvy ones myself

 

[Lord Flasheart]

1/2 off at +15, rest to b/e. I did this as I am already exposed in euro

stopped at b/e for 2nd 1/2, a few pips gained. still short eur/jpy

 

[Lord Flasheart]

set of fine lines there jules , prefer the curvy ones myself

lol where you been

 

[be-positive]

lurking watching all you experts at work

 

[Mr Flibble]

I've traded NFP a few times, got a nasty whip saw last month, but the couple of months before that were one-way tickets...

NFP my method for that play on the dow is thus. Start with a OCO (one cancels other) orders. Start them at 30 points away and gradually start to tighten the noose until you get to 10 points away seconds before lift off. Then let it run for 15 minutes minimum locking in profit with a trailing stop ( i haven't figured the optimal level yet). Its a bit agricultural at times and you may need to place guaranteed orders as SBs tend to gap like mad. Its pretty risky stuff all in all. You have to be pretty quick to make sure you don't get triggered before the data is released hence the 30 point start to warm your mouse hand up

 

[Mr Flibble]

Looking good on that one I'm short on Cable. Looking for about 100 pips or so.

 

[Lord Flasheart]

ive been in this eur/jpy trade for a long time now,bout time it startedtanking down for me

 

[Lord Flasheart]

im looking good,hoping for break now

 

[Lord Flasheart]

looking at aud,nice pattern,looking to short

 

[Lord Flasheart]

got to sell what I believe, so sold AUD/USD 9768 s/l 9786

now short eur/jpy and aud/usd.

 

[wackypete2]

short eurusd 1.3875 stop 1.3884

Peter

 

[wackypete2]

exit 1.3861 +14 good first trade!

Peter