FX-2007: Feb 5th > Feb 9th

[City Bound]

OT, do you close your BO positions before news, like the one coming up in 15?

 

[Offshore Trader]

No, I don't. Exit at 3.55...I'm wishing my life away at the moment, unless of course the dollar starts moving higher. We've just had far too many early afternoon reversals recently, so I'm definitely not counting my chickens (not flu ridden I hope :cheesy: )

 

[City Bound]

I swear the market's shifted an hour forward. I used to get in well before any moves (7:00) and it would max out (less obviously) at an end of day somewhere around 16:00. Now it seems that moves start at 7:00 and reverse by 15:00.

 

[Offshore Trader]

USD/CHF falling back below 1.2500 is slightly worrying for the short cable position. As I'm running a system , I have to stay with it but a move higher from here will be very disappointing.....My limit order at 30 seems to have turned the market!

Prophetic words......what a shame. I was hoping that we might see DCs target this afternoon. It's looking like I'll be lucky to make a profit....

 

[Phil Mibbutz]

Going down again now, though?

 

[City Bound]

This, frankly, is ridiculous.

 

[Phil Mibbutz]

Expect the unexpected!

 

[City Bound]

Expect the unexpected!

...and then shoot the perpetraitor.

 

[Offshore Trader]

Very, very frustrating.......til tomorrow guys...

 

[dc2000]

2 bites of the cherry in same time frame = more pronounced move

 

[candles]

you still thinking down, dc?

 

[neil]

Asian overnight - GBP - 5 minute chart

Decent breakout for ASIAN overnight - not always as nice as this.(Two false breaks beforehand though)

 

[dc2000]

you still thinking down, dc?

No I am short at the moment looking for a turn, the next target will come in just over the 1.9800 mark and ideally this would come early Thursday as per previous post

 

[leovirgo]

No I am short at the moment looking for a turn, the next target will come in just over the 1.9800 mark and ideally this would come early Thursday as per previous post

Hi DC

Still short till it hits your target 511? I am still short from 590.

regards,

 

[dc2000]

Still short till it hits your target 511?

yes I will set a limit order slightly higher and let the market take me in

 

[City Bound]

BO long at 620 this morning. God how I hate being in the opposite direction to DC...

 

[Offshore Trader]

Morning breakout at 15 with stop at breakeven with VEBO trigger at 47, if it reaches there. No news today, so may be quite smooth or alternatively very little movement

 

[wasp]

boredom prevails...

Always fancied naming something so here we have, the 'battersea'... note the identical columns, the floor level being the breakout point and down she goes....... (sorry about the pop up prices - can't be bothered to do it again without them there!)

right, I'm off to the patent office!











God, I'm bored! Move damn you cable!

 

[Phil Mibbutz]

Looks remarkably similar to my Battenberg strategy, which makes FX trading a piece of cake.

 

[wasp]

I've every raisin to believe you there. Its always good to have a cross section view on things.