Currency trading (Oct 16th > 20th)

[ChowClown]

Morning all,

UK data eyed slightly softer by some, so that'll be a northern run then come 9:30 :cheesy: Don't mind which direction she goes, just so long as she goes.

 

[ChowClown]

...long 641.

 

[Offshore Trader]

Long at 42 and would have expected strong inflation figures to have sent the pound much higher. Really surprised that EUR/GBP is virtually unchanged from before 9.30. Hopeful of a decent move higher to around 8700. Stop at 22

 

[Uphios]

Hmmmm. Short 8642. I seem to be out of step here, again.

 

[Offshore Trader]

Hmmmm. Short 8642. I seem to be out of step here, again.

That's what makes a market....

 

[ChowClown]

...long 641.

phew, b/e.

 

[Offshore Trader]

Stop at B/E.

 

[Uphios]

At least I know now who my money is going to

 

[DAVIDB75]

Hmmmm. Short 8642. I seem to be out of step here, again.

i exited my short , at 621, but i'm thinking about reinstating it, if I can pick up extra pips over and
above my system that's great, but long term my system seems to be worth following.

according to my probability framework 58% chance of hitting 8695 and 54% chance of
reversing to 597, equilibrium around 8648, so i am short again at 8662

 

[Uphios]

Unfortunately my system now indicates long with a first target of .8694 and then .8734. I will hang on short for a while and look for an opportunity to slip out. GBP looks way over priced against the Euro which is giving me some hope, but not a lot.

Of the five currencies I monitor 4 are indicating a change of trend against the dollar, only the Euro is not.

 

[JER08]

Still long from 66 on Friday, added more at 06. Looking for 8700.

Stop raised to 8646 for the 8606 long, 8520 for the 566 long.

8720 or 8580 region today?

06 long out at 76.

 

[zuke]

Missed all the fun and games this morning. I am now:

LONG 8618 (3 lots)
Target 1 8673 (scale out 1 lot and move stop to b/e)
Final Target 8775 (close both lots)
Stop 8568

Target 1 hit! for +53.
Stop moved to b/even. I now have 2 lots running from:
LONG 8618
Target 8775
Stop 8618

Will leave to run til stop or target hit.

 

[Texas_Hedge]

taken a long at 1.8606.
placed a limit order to add at 1.8560, should it do anything overnight.

Nice trade Trendie.

Texas

 

[Offshore Trader]

Nice one Zuke. Anywhere near your target today would be very nice :cheesy:

 

[trendie]

Nice trade Trendie.

Texas

well sort of. got in with a position.
but the retrace didnt happen.
so I am in the game with 1/3 of normal position size.
looking for a reasonable place to add.

 

[Texas_Hedge]

well sort of. got in with a position.
but the retrace didnt happen.
so I am in the game with 1/3 of normal position size.
looking for a reasonable place to add.

Give it an hour Trendie (12:30 London time) if there is no retrace to >8650 then I'd add to the position.


Texas

 

[DAVIDB75]

looks like an ending diagonal at 1.8682, (11:40 5min bar) if anyone follows Elliott waves, but i usually
get them wrong. if it is there may be a decent correction now.

 

[JER08]

if it is there may be a decent correction now.

It could go up a lot more or retrace back to 8600, just wait for the US numbers.

 

[dc2000]

anyone fancy 619 this aft then a drift higher

 

[JER08]

anyone fancy 619 this aft then a drift higher

608 this aft then god knows.