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Author: [Investments] Topic: April forex?
bucknuts send a private message View Space | Friends | Playbook |
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#1
Posted: 4/6/2011 6:44:09 AM

Other thread been dead for a few weeks and we r in a new month so lets do this

Am i crazy or are LB/JPY,USD/JPY,NZD/USD not good,no make that GREAT sells right now...all three look good daily and 4hr..prices 138.74....85.15 and 77.35

 

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#2
Posted: 4/6/2011 11:06:56 AM
I have a hard time selling the US.Yen due to the low prices and the issues which are facing Japan..their economy is going to hit the crapper for a few years due to this recent event.

The USM is so manipulated that it is hard to play the currencies except on the side of the manipulation, which is a very complex decision and I havent been able to make that trade..
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#3
Posted: 4/6/2011 7:40:56 PM

I hear ya Wall..all three have pushed even higher bringing daily chart RSIs right to 70 although we know they can just keep on going i still like all three of these here at this level..

No LB/JPY action for you right now?

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#4
Posted: 4/6/2011 8:15:58 PM
I know, I know..

I am sitting on another EU short and that darn AU trade from ages ago and havent been wanting to open a third.

I missed out on a 300 pip cover on the EU trade when they reversed it a few days ago.

How the EU keeps going higher with Portugal about to tip over, Greece etc is perplexing..
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#5
Posted: 4/8/2011 11:03:07 AM
Gonna add at 1.445 if it gets there today..


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#6
Posted: 4/8/2011 11:55:05 AM
Got in USD/CAD this morning after the CAD release was week @9550 
Probably going to dump it after lunch,  
Painfully slow day .  (aside from shutdown news) 

How are you guys doing so far this year?  I always forget to Check this thread.  
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#7
Posted: 4/8/2011 5:03:18 PM

Not bad Rick..good to see ya

Wall i like the trade..theres so many good looking charts out there right now..i like several as sells,they pushed them higher to end the week but its coming....

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#8
Posted: 4/9/2011 2:01:15 PM
Ended up squeaking out 21 pips from that USD/CAD.  

Wall, I am also perplexed by the Portugal situation. 
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#9
Posted: 4/11/2011 4:17:17 AM

Two of the three trades now in the $$$

138.23...84.67....NZD up right at a 100 from desired entry nothing to sweat over yet...not in these trades either just calling trades out to talk over...

Wall whats ur avg in EU and AU both are looking good for a pullback

GL this week guys

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#10
Posted: 4/11/2011 11:25:33 AM
buck,

I will have to check on the AU, but it has been like two years on that one..lol..I am in the 1.03 range after all the averaging I am quite sure.

The EU trade I am I think at 1.43, that is rounding of course..and then you have the vig added in since both are a negative carry..you get what I mean.
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#11
Posted: 4/11/2011 3:44:11 PM
You guys still using the same method?  
I have just been range trading between fib levels, using a few other indicators, I can't remember if you guys ever got into fib?  

anyway,  looks like NZD/USD might be trying to break through the 161 fib level,  It has been pearched above it for a bit and it is testing it now, Looks like a minor rejection with a small retracement on the 4hr candle.  I entered a shot @ 7810 this afternoon.  

On these small fib trades I have been taking profit if the retracement continues on the next candle, Usually between 10-25 pip range, it has been working pretty well lately.  

i know you guys are more long term. might not be your cup of tea. 
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#12
Posted: 4/11/2011 5:25:19 PM

I use fib levels on my MT4 charts,its cool cause you dont have to plot points or anything...but weve talked about fib before they arent my main focus but they are indeed handy..MT4 is the coolest thing ever you can use indies that fit your style,hell they even have ones for my crosses it shows red arrows for sells or green ones for buys...i have 4-5 different setups i use with MT4 but i love crosses along with RSI and stochs for my entries

Should we start another thread i cant read all the posts with the sides being chopped!!!!

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#13
Posted: 4/12/2011 7:37:30 AM
2 of those really broke in my direction over the last 12 hrs..LB/JPY woulda been +200 pips
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#14
Posted: 4/12/2011 11:09:53 AM
buck,

the thread looks ok for me.

Man they are running to the Yen like crazy today..
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#15
Posted: 4/13/2011 8:52:35 AM
Im gonna take NZD short here at 79..other two were good trades,now lets see what happens when i put $$ on it..
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#16
Posted: 4/13/2011 5:02:59 PM
Buck, I don't know how many pips you were after, but I hit it for a few this morning. Good call, and B.O.L.!!!!!!
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#17
Posted: 4/15/2011 6:24:06 AM
HAPPY TAX DAY !!!!!!!



Hope all your trades are prosperous, GL.


Buck, nice call on those moves from 4/6/11 !  Nice steady move in your favor, gotta love that.
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#18
Posted: 4/17/2011 10:26:11 PM
Anybody around,what are we lookn at???
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#19
Posted: 4/18/2011 8:34:39 AM
IF Eur Shows some tendency towards staying below 143.00  I think that we are seeing an end to the EUR gold rush,  
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#20
Posted: 4/18/2011 9:22:06 AM
do you guys think that the Mexican peso will continue to move towards 1:1 parity with the USD?
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#21
Posted: 4/18/2011 6:44:58 PM

Not sure on the peso but as much as the dollar has been down i dont see why it wouldnt be worth a shot..

Pretty nice moves across the board today...anybody catch some pips or close an old position?

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#22
Posted: 4/18/2011 6:55:53 PM
QUOTE Originally Posted by bucknuts:

Not sure on the peso but as much as the dollar has been down i dont see why it wouldnt be worth a shot..

Pretty nice moves across the board today...anybody catch some pips or close an old position?


I am waiting on my short..probably looking for that big hit when I should take a good profit right here..
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#23
Posted: 4/18/2011 7:58:14 PM
The DJIA weekly looks like it could be setting up for a DI cross lower should be good for keepn pressure on your shorts Wall[that doesnt sound right]
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#24
Posted: 4/20/2011 7:45:15 AM

We had some big moves yesterday i might be a bit early here but im takin a short in AU/USD  1.0670

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#25
Posted: 4/20/2011 7:02:38 PM
(posted this in politics) 
is a good time to short EUR/USD in my opinion.  

The pair is sitting right near it's highs, and Greece is on the brink of default. I think that Thurs and Fri are going to adjust to the speculation pressure.  

I am short right now @ 1.4519
Wish I had a bit more to put on this one.  
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