FX Trading May 14 - 18

[dc2000]

hat off, excellent call

the dows not doin so well but its about to hit 471 and fall to 371 for an exit

as I type

 

[jacinto]

the dows not doin so well but its about to hit 471 and fall to 371 for an exit

as I type

well, dont follow dow myself, but see a flag that has more than given its measured move up. good luck there.

should start looking at the dow myself. lol

j

 

[jacinto]

sorry DC, the LOL part was about me, hope it didnt come across the other way.

j

 

[Taz]

the dows not doin so well but its about to hit 471 and fall to 371 for an exit

as I type

Crap call DC - you were 4 pips out................ :cheesy:

What on earth is your secret :?:

 

[Priceman]

??? CMC chart

Chaps, (and Jilly I think she's the only gal on here)

Anyone else use CMC? I am trying to move into longer timeframes with my trading and was just looking back over the last couple of weeks and noticed the 4th May on the daily showed a massive down day.... good job I looked at the other timeframes. They give a totally different picture.

I'll maybe get in touch with CMC to see if it's a software bug but it really doesn't help with my TA!!

Be interesting to see if any of the other SB companies charts did the same thing.

All the best

 

[dc2000]

sorry DC, the LOL part was about me, hope it didnt come across the other way.

no appology needed I took it as it was meant

What on earth is your secret

Vodkaredbull and viagra

 

[The Pearl Fisher]

Sold GBP/USD at 1.9860

SL at 1.9895

--------------------------------------

Bought USD/JPY 120.26

SL 119.90

 

[Offshore Trader]

Morning, site finally up and running. Short from 45 on breakout. just hope Mr King behaves himself now and doesn't talk the pound higher.......

 

[jacinto]

morning all,

looking to go long at the 10-15 area price-action dependent. primarily looking for a 50% retrace on yesterday's move up. although 38% is already a nice bet. will wait.

good day all.

EDIT: Bu99er, 38% was the entry. well, now wait for a pullback. lets see if we get 28 again for an entry long.

 

[jacinto]

right, long 37, 20 pip stop, 100 pip target

 

[Phil Mibbutz]

right, long 37, 20 pip stop, 100 pip target

Me too at 33. 65-ish target.

 

[The Pearl Fisher]

Sold GBP/USD at 1.9860

SL at 1.9895

--------------------------------------

Bought USD/JPY 120.26

SL 119.90

GBP
Dollar resilience is weighing heavy on sterling. As a consequence I see GBP relaxing to around the 1.9680 level.

JPY
From a purely economic stand point, JPY could be set to weaken considerably over the next few sessions. I would like to see USD/JPY trading at around 122.60.



Again. This is my own personal view of market direction and on which my own trading is based.

 

[jacinto]

ouch -20. thats what i get for lack of patience. now to wait for the close of the 4 hour bar.

edit: in the end did get the 15 entry. lol. now wait for price action confirm the entry.

 

[Phil Mibbutz]

Still in, but not looking good...

 

[Offshore Trader]

Stop loss now at breakeven 45

 

[jacinto]

back in from 18. targets the same (9937). one last chance.

 

[trendie]

its getting worse and worse!
today I had a short (hmmm, still fixated with shorts) from 846, and exited for +16.

I am making smaller and smaller amounts.
nerves.
I want to swing-trade, but spend all day at the screen, getting fidgety.

 

[JTrader]

its getting worse and worse!
today I had a short (hmmm, still fixated with shorts) from 846, and exited for +16.

I am making smaller and smaller amounts.
nerves.
I want to swing-trade, but spend all day at the screen, getting fidgety.

From the results I've seen you post over the last few days, I'd say you've been doing pretty well

 

[trendie]

From the results I've seen you post over the last few days, I'd say you've been doing pretty well

I have set a target of about 150-200 pips per week on cable, so thats my baseline.
I am wary of over-trading to hit my (arbitrary) targets, and also aware I am pulling my punches and bailing out when it could have run further.
also, nasty whippy days like yesterday do my MAs no favours at all.

mind you, I am catching up on a lot of reading!

EDIT:another problem is surfing the web for more trading strategies, whiling away the time, and they seem so much better!! ( but only in hindsight).
I am beginning to understand why they say trading is predominantly "all in the mind".

hope you are faring well JTrader.

EDIT2: crap!! I got out at 830 for +16 as above, but cable is now at 910!! missed out on another 20 pips.

 

[jacinto]

thats me out for -10.