Best Thread Live Trading and General Chat Lounge
- Thread starter Lord Flasheart
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littleangel1982
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your short trade is vulnerable to
1. Iranian threat - high oil = higher aussie
2. italian auction - good auction = US dollar sell off = aussie rally
wackypete2
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usdjpy has been a slow mover. I stopped trading it a while back.I was either getting whipsawed or going nowhere.
Peter
priced in.
ws, you're a technicals guy arent you? thats your bread and butter?
true. I'm happy to hold these trades for a few days, they sit with my longer term views.
I will likely continue to short the yen on strength: we've essentially got a put option with the BoJ so committed to depreciation and with Japan edging closer to joining the ranks of the overleveraged PIGS.
I'd link my blog (an article from me & video from Kyle Bass) but i believe barjon would prefer it to be in my profile.
it is your bread and butter that these sorts of events are already in the tape.
wackypete2
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wackypete2
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Are you playing Houdini with your own posts? LMAO
Peter
Peter
wackypete2
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On the bright side I see we have a full house here today!
Peter
Peter
barjon
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wackypete2
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wackypete2
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SJ - pm sent
Peter
Peter
exited for -3, don't really like the price action and can't justify moving stop for a longer term view in tehse markets.
KO for this trade is the 3rd of jan, as long as levels remain similar if not stronger
wackypete2
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Just my opinion, but I think you have a good chance at getting a better entry next week, around the 77.20 area or so.
There's a reason that I don't trade the last 2 weeks of the year. I have proven beyond a doubt that I can't make money in this time period!! I finally stopped fighting it and just enjoy the time off. However I am impressed by those that can and do make money during this time period
Trying to stay out of trouble is the hard part!
Peter
There's a reason that I don't trade the last 2 weeks of the year. I have proven beyond a doubt that I can't make money in this time period!! I finally stopped fighting it and just enjoy the time off. However I am impressed by those that can and do make money during this time period
Trying to stay out of trouble is the hard part!
Peter
barjon
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Just my opinion, but I think you have a good chance at getting a better entry next week, around the 77.20 area or so.
There's a reason that I don't trade the last 2 weeks of the year. I have proven beyond a doubt that I can't make money in this time period!! I finally stopped fighting it and just enjoy the time off. However I am impressed by those that can and do make money during this time period
Trying to stay out of trouble is the hard part!
Peter
yeah, i'm with you, pete. I've been burnt too often in the past and won't pick up the cudgels 'til next week.
It is true (it took me some time to realize it) - this is the most rubbish time to trade intra day. It's even worse than Easter and August combined.
I've just had a look at the charts - rubbish moves - random, small ranges, no trend - complete waste of time and money.
I've just had a look at the charts - rubbish moves - random, small ranges, no trend - complete waste of time and money.
Lord Flasheart
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Nice to see there been some good friendly xmas banter flying around.
Hope all you guys had a good festive break, Im about here and there ,when not out with wife and kids etc
Hope all you guys had a good festive break, Im about here and there ,when not out with wife and kids etc
