Recent content by Nordtrader

Alas Jacko, I (thought I) knew him well, Where now, will I find my Mr. Miyagi? While you waxed lyrical, I risked on, risked off, You even lived in Hong Kong for Chris-sakes! Or DID you.....?

OK, the spreads must be wider than in forex. Will have a closer look - thanks!

Hello all, Have never traded interest rate / money market products so forgive my ignorance. I recently took on a new mortgage and would like to hedge against rises in ECB rates over the next few years. The standard payment protection insurance offered by my lender seems very expensive so I had...

Good spot Omni. Interesting inside bar action on the 1hour here too. May be setting up for a move during overnight / tokyo hours...

Hi Stuart, You're recent run is not surprising as you're trading forex and the volatility and choppiness there has been so evident lately. I'm sure this has caused many to reassess trading plans, stops and risk management. Interesting times, in the Chinese sense of the word. NT

Agreed would be more compelling if daily pin is confirmed. Re. support from last year, do you mean resistance in Nov07 and Jan08? (S/R is an area I am still struggling with)

Yes - it's the 8am bar on my MT chart but same one I think. It has a longish nose so probably not a classic but I took it anyway as I think there will be a reaction to the moves of the last few days.

Darren, Apologies, I was a little premature with these - sorry if I caused confusion :(. I was referring to pin bars I could see forming but in the end 3 out of the four completed without forming a pin. I think only the EURCHF was valid - it was forming on both Daily and on the 4hour (on North...

Is it just me or is anyone else seeing 4hour pins forming all over the place: EURUSD (bullish - in feb08 and Nov07 resistance area) GBPUSD (bullish - in Nov07 resistance area) EURCHF (bullish - also on daily) USDCAD (bearish - in July / Aug07 resistance area) Could this be the beginning of a...

1 hr bearish pin just printed on EURUSD - not yet triggered. I am not trading this because: 1. I think it might be tested to the upside as the resistance area on 9 June was slightly higher - around 1.5840 2. NY traders just coming into the arena for the morning - let's see what affect they have...

Jonj, Interesting action on the GBPUSD 4 hour chart. Price has done a 50% fib. retracement (23rd June - 1st July) to round number area of 1.9800. This could also be a pivot point as we have resistance here on June 9 and June 20. I will watch for today and see if there is a good long entry on...

My bearish pin on the 4hour EURUSD has failed with the spike up after the nonfarm employment number. I'm now trying to decide whether to cover my shorts of 1.5806 and 1.5830. I don't think the resistance around 1.5850 has been decisively broken yet and I would expect a retracement. Think I will...

Sorry, should have specified timeframe for bearish pin on EURUSD - it's 4H. This is off resistance 'zone' in May and June

Hi all, seems to be a solid bearish pin formed on EURUSD. It is coming off resistance at 1.5840 level from the 9th June. NT

Memo to self: Do not trade pin bars off the 5minute chart. That is all.