11/16..Are you ready for some Forex!!!!!!!!!

Short GDP/AUD at 2.31, based on extended RSI, the spreads are very high and it could be a tough trade.

Covered the short at 2.36 for 40 pips, but the sucker went down 50 more on a massive dive.

The return wasnt that great for 40 pips, and check out the chart..I was down 40 pips and out in the matter of minutes..  

Short LB/Yen at 145.75, she is breaking out strong though..its going to be a tough fight here.

Out of that freaky short and now long at 145.50

   

Sold the long at 145.90 for 40 pips, I bet she goes back over 146 here.

Up 1700 today, really on the move.

Back long LB/Yen at 145.33

Looking for 145.77 as an exit, uptrend still intact but it has weakened over the last 15-20 min or so.

Also order in for Eur/JPY at 122.9 but its 30 pips away.

Out at 145.77 on the trade for 44 pips, that trade was never in serious trouble, nice to have another one under the belt.

1iron,

I missed a decimal on that report.

I covered at 2.306

40 pips from 2.31

And you are right it went down another 100 plus..geez.

Spreads are a monster, I was down 40 flat and up 40 in no time..too crazy.

1Iron,

I always use RSI and I flip between 5,10,1hr and 4 hr charts. I also have the DMI up and use it as well, especially on the 1-4 hr charts.

Not pleased, I had an order to go long again on the LB/Yen at 145.15 ande missed by like 4 pips, now that sucker is 80 pips higher.

Orders in on these-

Long USD/CAD

Short Pound/Yen

Both are a little away from the market, will post if I enter any.

One thing..unless I had a 50k acct i wouldnt be trading such short term positions. When/if the time comes I will see how my trading pattern changes.

1Iron,

I think the key to survival here is to avoid the landmines and buy/sell correctly.

Both of my long/short trades were close to the market and both are far off..the CAD has moved up 50 pips from my order.



I am doing this with ONE contract as well, only once did I ever put in an order to add to a position and that was the mistake trade I held not knowing the exchange rules about closing.

Ive noticed that when the markets open and they move a position HUGE, they usually retrace that move to an extent and if we watch these sort of moves we can profit off it.

Trading sure has slowed down the last hour or so..I have a few lines in the water but I might not risk close to the end here.

Went long Lb/Yen at 145.30, that was support most of the day but it broke it..so not sure where she will run to.

Looking for 40 pips..

1Iron,

I have been placing orders based on the charts too..so they have been a LITTLE bit away and not executed.

That CAD call the same, I tried to use lower support and it brushed by but no dice. I need to move up my limits a little bit, Ive missed like 5-6 easy trades trying to lowball.

LB/Yen falling apart, it broke that support and now has none.

Also long AUD/Yen at 63.05 that broke support and got mushed too.

I noticed a ton of selling across the board late, if you look at the low levels vs the last it is pretty bad.

Lb/Yen getting smacked..selling strong.