Forex Jan-March 2012 thread

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Author: [Investments] Topic: Forex Jan-March 2012 thread
wallstreetcappers PM wallstreetcappers
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Posted: 2/6/2012 4:20:37 PM
Yeah the EU keeps holding in there with all that is going on, seems pretty manipulated..it should be 1000 pips lower, not higher.
wallstreetcappers PM wallstreetcappers
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Posted: 2/15/2012 8:53:29 PM
buck,

Did you add any more EU short at the higher levels?

She is coming in pretty good, still a long ways down until I think it stops..the darn thing is very stubborn.

My high sell was 1.325 and its starting to work its way positive now.
bucknuts PM bucknuts
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Posted: 2/18/2012 7:01:57 PM
Yeah i got to add and got out with some nice profits..now if i could just get a better entry on some of these trades
HighVoltage PM HighVoltage
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Posted: 2/21/2012 8:58:43 PM
short GBP/USD @ 1.57680 for 10 micro lots gunna watch this one for an hour and make the profits!!!1
HighVoltage PM HighVoltage
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Posted: 2/21/2012 9:03:43 PM
short was wrong suppose to have meant bought. i appologize was gunna write a short with another then this jumped out

bucknuts PM bucknuts
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Posted: 2/22/2012 12:34:00 PM

Gonna sell EU/LB here .8455..ill b around during the afternoons next few days still cant post from my phone i login and get an error screen..also cannot post from nook?

Anybody else trading today?

wallstreetcappers PM wallstreetcappers
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Posted: 2/22/2012 3:31:24 PM
I am sticking with my Euro short, I wont settle for not making a big return on it.
rick3117 PM rick3117
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Posted: 2/22/2012 4:04:52 PM
I am short the EUR/USD.  I am a bit of a sporadic trader, and am uncomfortable with really lengthy positions, but I think this is a long term winner. Probably be checking in with you Wall, because I know you are more comfortable with these longer trades. 
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Posted: 2/23/2012 1:55:49 PM
wallstreetcappers PM wallstreetcappers
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Posted: 2/23/2012 11:13:31 PM
rick,

We are fighting the cheap USD..it was looking really good until the FED put up their 2014 stop sign, ever since the Euro can have all its member countries go under and the USD would still underperform.
wallstreetcappers PM wallstreetcappers
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Posted: 2/24/2012 11:03:28 AM
Add at 1.3455


bucknuts PM bucknuts
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Posted: 2/29/2012 8:00:58 PM

whats ur exit price Wall?

im flat waiting for next trade

wallstreetcappers PM wallstreetcappers
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Posted: 2/29/2012 10:07:40 PM
buck,

Much lower..I've sat on this and I will keep sitting on it. I want sub 1.30 for a big crack.
rick3117 PM rick3117
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Posted: 3/2/2012 7:22:50 AM
 Next stop 1.3160
rick3117 PM rick3117
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Posted: 3/2/2012 10:11:00 AM
Thinking about adding to my position, seems like The USD has pulled out of the inflationary suicide pact, just as the EUR has decided to plunge balls deep into the tactic to save greece.  

Any thoughts?  

I am thinking about adding to my position,  looking for a good level. 


wallstreetcappers PM wallstreetcappers
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Posted: 3/2/2012 10:16:32 AM
rick,

I dont like adding off a near 300 pip drop. 

You arent too far from this level are you?
rick3117 PM rick3117
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Posted: 3/2/2012 11:12:46 AM
I am about 40 pips on the right side of this trade now.  

I agree with your assessment on not adding toward the end of a large drop,  I will be looking to add somewhere around 1.3060 area, as it represents a 50% retracement on the 20 day charts,  I would not be surprised to see it range between 1.3150 and 1.3290 going into next week. Looking for a significant breach of that 50% level.  

USD does not have any significant data coming out until Friday with Unemployment figures. 

Eur on the other hand has GDP tues, Rate Decision Thurs, and CPI on Fri. 

A bit of a minefield for the EUR, but I think we can count on a little bit of USD strength (at least in the short term, at least until Friday).  Only thing that sabotages this is spectacular #s from Germany. 
wallstreetcappers PM wallstreetcappers
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Posted: 3/6/2012 10:37:58 AM
Warming up here..

rick3117 PM rick3117
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Posted: 3/12/2012 12:18:25 PM
Got out on Friday, probably one of my best trades to date,  I added a half lot on Fri morning after the #s came out.  Waiting for FOMC tomorrow to do anything else. 

wallstreetcappers PM wallstreetcappers
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Posted: 3/12/2012 12:26:01 PM
nice job rick,

I am up on my trade here but I am being stubborn looking for more.

Being able to average in makes a huge difference.

Coondawg71 PM Coondawg71
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Posted: 3/19/2012 10:03:19 AM
Looks like the Yen pairs are the pairs making the move for now...USD/JPY, Cad/jpy, Eur/jpy, Nzd,jpy and Aud/jpy respectively.
Coondawg71 PM Coondawg71
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Posted: 3/19/2012 1:03:56 PM
1pm EST: Risk ON pairs (NZD/USD), (EUR/USD) on hourly chart
bucknuts PM bucknuts
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Posted: 3/20/2012 6:43:02 PM
Mr Spanton called this the top....he says back up the truck...lol I gotta say I don't always agree but its entertainment for sure...I had a good trade with Eu/LB again week b4 last nothing this past week...anything y'all like right now?
Posted using a mobile device.
Coondawg71 PM Coondawg71
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Posted: 3/21/2012 4:37:33 PM
Yen pairs short.  Gbp/Yen and Euro/Yen stochasticly have the most to lose, they tend to hold their strength more so than the Aud,Nzd,Chf pairs have already started that trend and may continue doing so given the 1hr and longer time frames.  

Kiwi and Aussie vs. USD pairs I would imagine will continue to give back with the China macro picture looking "slower".  They can afford to give back a little coming off long term highs.  That is my outlook.

Good luck to all.

wallstreetcappers PM wallstreetcappers
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Posted: 3/21/2012 4:44:13 PM
I like the higher risk pairs like the AU, the LB and the Euro..say vs the CHF or the CD.

I took some off the table at that 1.30 a few days ago, but holding some still and not giving up my stubborn battle.
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