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[wackypete2]

GBPUSD took a major wacking, down about 120 pips in 15 minutes on employment data and BOE minutes.

Peter

 

[ZEN archer]

I'll try bottom catching on gbp/usd ( 1/6/2012 bottom was at 1.5267 & 13/1/2012 @ 1.5232)

Catching range (entry) from 1.5250 to 1.5290

 

[ZEN archer]

buy gbp/usd at 1.5287 stop at 1.5257

 

[ZEN archer]

buy gbp/usd at 1.5287 stop at 1.5257

close 1/2 at 1.5302 +15 stop to 1.5287 b/e

 

[ZEN archer]

close 1/2 at 1.5302 +15 stop to 1.5287 b/e

out at 1.5307 +20

 

[ZEN archer]

waiting for another buy if it drops below 1.5280

 

[ZEN archer]

eur/usd bottom catching

buy eur/usd at 1.3381 stop at 1.3361

 

[ZEN archer]

eur/usd bottom catching

buy eur/usd at 1.3381 stop at 1.3361

stop to 1.3367

 

[ZEN archer]

came to 67.6 - still in

dropped & stopped -14

 

[ZEN archer]

I'll leave gbp/usd bottom catching for tomorrow - it looks flat atm (unless it goes below 250)

I'm not that interested in eur/usd

 

[wackypete2]

buy ej 124.86 ** 1/2 position only
stop 124.50
initial target 125.50

Peter


I may add another 1/2 position near 124.75 if it offers.

Peter

 

[wackypete2]

Here's a 1H chart showing S/R levels. The red line is the target. Good support at 124.50. If I get stopped out there I'll look to reenter long near 124.00 (1/2 position).

Peter

 

[ZEN archer]

Here's a 1H chart showing S/R levels. The red line is the target. Good support at 124.50. If I get stopped out there I'll look to reenter long near 124.00 (1/2 position).

Peter

I've been waiting for BOJ to start buying euros again - once it hits the bottom channel line?

 

[wackypete2]

I've been waiting for BOJ to start buying euros again - once it hits the bottom channel line?

Lot of Japanese politicians and bankers spouting hot air has made nice volatility, an easier stage for the BOJ, and cr@p technicals! I wanted to wait until it reached closer to the 124.50 support to buy but decided to get in early to avoid missing out.

Peter

 

[wackypete2]

exit @ BE

 

[wackypete2]

I was up about 22 pips then a rapid fall just prior to FOMC. Had the profit remained I'd have stayed in during FOMC and adjusted stop. But as it is now I don't want to be left hanging. Nothing lost.

Peter

 

[wackypete2]

buy ej 124.73
stop 124.50

 

[wackypete2]

hart 1H
support held so far

 

[wackypete2]

set target @ 125
not looking good though

 

[ZEN archer]

I'll leave gbp/usd bottom catching for tomorrow - it looks flat atm (unless it goes below 250)

I'm not that interested in eur/usd

it was a good drop, but I wouldn't try bottom catching after 250 pips collapse - that't too much even for me