Currency Trading (Nov 20th - Nov 24th)

[xx_joray_xx]

there u go

sorry, missed attatchment

thanx!

 

[Baruch]

If you want some action today, take a look at USD/CAD or GBP/CAD, when Retail Sales comes out 13.30 GMT.

We got some action.

 

[candles]

gonna try a long at 1.8974 (d4f) with a 15 tick s/l if i get the chance

 

[jacinto]

at this rate, its going to be more exciting to trade EURGBP

 

[Baruch]

We got some action.

Historic news charts:

http://z10.invisionfree.com/Historic_Charts/index.php?act=idx

 

[Offshore Trader]

I must remember to go on holiday this time next year.....

 

[ChowClown]

8994.6 long re-armed.

Closed for -7. Taking a Thanksgiving break sounds a good idea. I'll still be here tomorrow morning to see how the land lies.

 

[a_gnome]

Historic news charts:

http://z10.invisionfree.com/Historic_Charts/index.php?act=idx

Hi Baruch,

Firstly, just to introduce myself, I'm a long time lurker and occasional contributor to this forum.

I've been looking at news trading recently with mixed results. Given your comments on trading the USDCAD news release earlier, I was wondering how you personally go about trading news releases.

 

[Baruch]

Hi Baruch,

Firstly, just to introduce myself, I'm a long time lurker and occasional contributor to this forum.

I've been looking at news trading recently with mixed results. Given your comments on trading the USDCAD news release earlier, I was wondering how you personally go about trading news releases.

I just follow the flow - and the fundamentals. I always try to get in before the spike, but if I can't do that (and that's not possible most of the times) I buy/sell the first pullback. And I always use a tight stop.

 

[ChowClown]

Interesting article on volatility....

http://www.dailyfx.com/story/special_report/special_reports/How_Long_Will_Low_Volatilities_1164055008797.html

 

[Offshore Trader]

Tiny range again in Asia, which I hope is not a precursor to another rangebound day. I would hope that the Bank of England minutes and US figures will promote some movement.

 

[jacinto]

Tiny range again in Asia, which I hope is not a precursor to another rangebound day. I would hope that the Bank of England minutes and US figures will promote some movement.

morning OT, where do you have your range

 

[Offshore Trader]

Well, I normally consider the Asian range to finish at 8 so it has broken already and is around 30 points and getting bigger as I write. Disappointing so far that I have bought Cable on Monday and Tuesday and managed to lose money. Better day today hopefully

 

[jacinto]

pennant anyone? if so,measured target 9050

well, that pennant did end up hitting its target. This must have been the slowest continuation pattern i have seen in a long time. 2 Days to reach target. too bad it was traded on monday and closed that same day on apparent failure to reach 1.90

lets see what we get today. good luck all.

 

[Priceman]

Hi Chow,

I have watched it bounce off the 100ema three times now on the hourly, so that's where my stop is. I am currently long with a target of 9010 firstly then if the move is strong enough the 50 mark, can't see that today though.

What a frustrating morning though!

Well i would have been quids in if I had stayed with this, the movement didn't look great though so I got out for a small loss so far this week ! Maybe a spike back upto today's high depending on the BOE news then down some more? Not sure there's much more upside this morning, but then again... trend is my friend after all. Double bottom on the 15min so could be a little more to the upside...

good luck all

 

[ChowClown]

Morning all, bull flag on 5min with a target at my long entry for the day, typically buying high, selling higher.

 

[hornblower]

Well i would have been quids in if I had stayed with this, the movement didn't look great though so I got out for a small loss so far this week ! Maybe a spike back upto today's high depending on the BOE news then down some more? Not sure there's much more upside this morning, but then again... trend is my friend after all. Double bottom on the 15min so could be a little more to the upside...

good luck all

I am just going to wait for better times
not traded the last few days
I think there is no point in looking to grab a few point , in the past I have lost money doing that
just gong to wait and grab a lot
good luck to all
hornblower

 

[Offshore Trader]

I am just going to wait for better times
not traded the last few days hornblower

That was a good call. Seriously, I am going to take this week off next year and go somewhere warm and sunny

 

[ChowClown]

Morning all, bull flag on 5min with a target at my long entry for the day, typically buying high, selling higher.

Long 9063 and just 20 pips headroom against average range. Will tighten to breakeven slightly earlier given chance.

 

[ChowClown]

...nice morning for you so far, Baruch Do you use 7am as the end of the Asian session?