FX Trading June 4 - June 8

[wasp]

nice littel break this morning to continue it down... bet your pleased with the last coupla days OT?!

 

[trendie]

ahhhh, thats better.

went short around 8-am at 1.9762, and out at 1.9702 for +60 in about 30-mins.

I feel some sort of redemption from y;day.

out for rest of day - have a good day and weekend, y'all.

 

[Offshore Trader]

nice littel break this morning to continue it down... bet your pleased with the last coupla days OT?!

Like a Churchill dog...Ooooooh yes!

 

[wasp]

someone had a thread a while back about how these things come in three's and we've seen new highs, and like '78 and '92, maybe its time for cable to nosedive!

 

[jacinto]

that could be a very interesting swing short

edit: with a first target 9686 and a second target 9510

needless to say, first target is met. now for the pullback and see if we get the next target next week.

I love pitchforks :cheesy:

 

[jacinto]

keep an eye on USDCHF, a full dollar reversal may be on the way. only time will tell

 

[Phil Mibbutz]

in case anyone is interested:
got this email from MAN Direct today; they seem to be offering 1-pip spreads on just about everything. havent investigated further.


******
ARE YOUR FX SPREADS THIS GOOD?

OUR FOREX SPREADS ARE THIS GOOD!

These were our spread rates at 12:02 on June 5th

In case you can’t read the image:

* EUR/USD 1.3516 - 1.3517
* AUD/USD .8383 - .8384
* EUR/JPY 16449 - 1.6450
* GPB/USD 1.9933 - 1.9934
* USD/CAD 1.0598 - 1.0599
* USD/CHF 1.2210 - 1.2211

http://www.tradingfxonline.com/onlinetradingfx.aspx
*******

PS: if this is advertising, I will remove link. and no, I dont have shares in MAN Direct!!

Worldspreads used to offer 1 pip on most, but it's 2 on cable now. Onanda's spread was more like 25 at around noon yesterday!

 

[Atilla]

keep an eye on USDCHF, a full dollar reversal may be on the way. only time will tell

Morning everyone,

My apologies for this squashed up chart but it shows the bigger trends.

Either we are going to have a continuation of the down side in the indeces or some kind or consolidation and bounce.

Cable is at it's long term StdErr channel support line for me. Now that 1.97 has been breached I'm now thinking 1.96 may be the next support on the short term StdErr channel.

I'm thinking of setting a second range band for cable as 2.00 - 1.96. My centre of gravity is still 1.98.

I will watching to see if 1.97 pull back take place otherwise. If it falls below 1.9670 I'll probably be looking to short it.

Good trading everyone.

PS - Just gone long at 1.9701. See how that goes.

 

[jacinto]

Morning everyone,

My apologies for this squashed up chart but it shows the bigger trends.

Either we are going to have a continuation of the down side in the indeces or some kind or consolidation and bounce.

Cable is at it's long term StdErr channel support line for me. Now that 1.97 has been breached I'm now thinking 1.96 may be the next support on the short term StdErr channel.

I'm thinking of setting a second range band for cable as 2.00 - 1.96. My centre of gravity is still 1.98.

I will watching to see if 1.97 pull back take place otherwise. If it falls below 1.9670 I'll probably be looking to short it.

Good trading everyone.

PS - Just gone long at 1.9701. See how that goes.

updating targets 1.9210 :cheesy:

 

[brutusdog]

new trade

short @ 1.9700

looking for 9670.

 

[wasp]

updating targets 1.9210 :cheesy:

Is that just for today?!!

 

[jacinto]

Is that just for today?!!

today have you gone mad down in that southern island of yours :cheesy:

in about 2 weeks probably 3. :cheesy: remember im not DC and cant factor time as he does

 

[wasp]

today have you gone mad down in that southern island of yours :cheesy:

in about 2 weeks probably 3. :cheesy: remember im not DC and cant factor time as he does

Where is he anyway?

 

[jacinto]

Where is he anyway?

no clue wasp. last time was about 3 weeks ago. anyway, lets see if today we see sub 9600.

swissy triggering its HS, euryen triggered its rising wedge-diagonal triangle.....so we could be in for a change of feelings in the market.

j

 

[brutusdog]

out 9675 + 23 net of spread.

 

[Atilla]

PS - Just gone long at 1.9701. See how that goes.

Stop loss got taken out. -26

Position switched to short @ 1.9675

 

[brutusdog]

out 9675 + 23 net of spread.

that exits looking a bit premature now....cant complain though hit my weekly target

hopefully the dow can provide some more opertunitys later...

 

[jacinto]

this leg down should finish at 9615 (edit: although 53 was the 61% ext and could stop there). lets see

edit: swissy triggered its HS,

 

[wasp]

I make it 21! Bet you a tenner!

 

[wasp]

that exits looking a bit premature now....cant complain though hit my weekly target

hopefully the dow can provide some more opertunitys later...

Nice profile pic Brutus!