FX 2007: Minors

[wasp]

Watchlist

:|

 

[wasp]

with the GBP/NZD i'm looking for a potential long either at its current position (2.7950) or at the next low around 2.7600. See what happens just after the wkend.

Hi Kitelab, whats your plans with the kiwi at the moment then?

 

[wasp]

Nice bounce

Fill the gap and Support becomes resistance and down it goes for a nice little 200 run.

Cheers for getting me back to the kiwi!

 

[wasp]

In play

A few in play with eyes on USDMXN............

(jacinto! Where are you?!)

 

[jacinto]

A few in play with eyes on USDMXN............

(jacinto! Where are you?!)

sorry mate, havent had a look at the exotics. who wants a mexican peso :cheesy: (peso means weight)

will do later on, after schoolrun, and the shortened trading day i will be forced to have.

ttfn (wow, i am learning English abreviations )

j

 

[jacinto]

A few in play with eyes on USDMXN............

(jacinto! Where are you?!)

wasp,

a MXN play can be interesting.

1) it is in a range. 11.12 definite resistance

2) nice triangle formation

3) range (blue rectangle)

4) pink solid rectangles, zones of support-resistance (false breakouts of range) and forming triangle

have a look. 2 charts. daily with candles, daily close only. I think tests top of rectangle, then down, then up.

j

 

[wasp]

Hi mate,

I'd be inclined to agree except with the break up this morning, I think we might see the top touched first.

 

[jacinto]

Hi mate,

I'd be inclined to agree except with the break up this morning, I think we might see the top touched first.

hi wasp,

interesting.

have a look. 2 charts. daily with candles, daily close only. I think tests top of rectangle, then down, then up.

j

I see the 11.05 being touched, but that is about it IMO. Think next stop is 10.80 ish.

a naked swinging spanish speaker

 

[wasp]

hi wasp,

interesting.



I see the 11.05 being touched, but that is about it IMO. Think next stop is 10.80 ish.

a naked swinging spanish speaker

Hmmm, time will tell nbut don't see it going that low myself, a quick drop back from the top, then up again....

 

[kitelab]

Hi Kitelab, whats your plans with the kiwi at the moment then?

Hi Wasp, Sorry for delay reply...bit upset that i missed my long entry by about 50 pips at around 2.7575...was hoping for a better limit buy, but lost out on about 300pips move, so will wait to see if it will retest the low. But whether it will bounce again is a different matter....was 100% confident on the first bounce!

I also missed the NOK by 100 pips, as it also did not drop as far as expected, but when dealing with such a big mover i dont like to get in too early because the risk becomes greater.

Take care Kiwi

 

[wasp]

All moving nicely and just looking for a bounce and drop off on the GBPNOK now...

 

[wasp]

Hi Wasp, Sorry for delay reply...bit upset that i missed my long entry by about 50 pips at around 2.7575...was hoping for a better limit buy, but lost out on about 300pips move, so will wait to see if it will retest the low. But whether it will bounce again is a different matter....was 100% confident on the first bounce!

I also missed the NOK by 100 pips, as it also did not drop as far as expected, but when dealing with such a big mover i dont like to get in too early because the risk becomes greater.

Take care Kiwi

No worries,

got a few in play but like you say, when dealing with big movers, you need to be precise! Hope you get a better entry for the bounce.

 

[jacinto]

Hmmm, time will tell nbut don't see it going that low myself, a quick drop back from the top, then up again....

a wasp buzzed at the high, past the 11.05 mark. question is if it will sustain it.

so far, we have been both right on the move up.

If it doesnt move down to 10.80ish, then I will have to start getting dressed up and wont be able to talk about swinging, and the wife will get suspcious :cheesy:

j

 

[jacinto]

a wasp buzzed at the high, past the 11.05 mark. question is if it will sustain it.

so far, we have been both right on the move up.

j

well, you got that one very right Wasp. lets see if it can break the larger triangle.

j

 

[wasp]

progress...

Certainly looking promising for MXN at the moment, but see where it goes at the next s/r...

as for all the others, they are all going well, but, not much interest so I'll stop posting about them.

 

[wasp]

... and here we are....

viva la mexico...


and the rest, why not.... someone mention patterns somewhere...?

 

[wasp]

Turks

Nice break on the Turkish too...

 

[jacinto]

Nice break on the Turkish too...

that one looks good!

 

[wasp]

patterns

great things they are...............

 

[jacinto]

well, your timing couldnt have been better. welll done wasp. me watching bloody cable do zilcho.