2011 Forex discussion

Question

Its about time to make a new thread and discuss Forex trades again, it has been a while and I am interested in who is still trading and how people are faring from trading.

wallstreetcappers · Answer

Its about time to make a new thread and discuss Forex trades again, it has been a while and I am interested in who is still trading and how people are faring from trading.

bucknuts · Answer

https://imageshack.us/photo/my-images/824/ohmygoodness.gif/

Look at that setup on EU/$....all i need is some more news on Europes banking system being 500 BILLION in the hole to push this puppy lower,hopefully in turn bringing my trade back from the dead...

I just read an article yesterday that talked about the EU stress test done where 8 banks failed and there were 16 total that were found to barely have enough funds to hold on if we havent in fact seen the worst...i know this is old news but the more its talked about the better it will be for me,thing is the US isnt in any better shape and most think the fact that 25% of home owners being upside down in their home loans will keep the DOLLAR from making any kind of move up here...

Either way the chart looks to be turning that cross on the monthly for EU,if it in fact comes,should pull me back and get me trading again

bucknuts · Answer

you about even in that AU now?

wallstreetcappers · Answer

High 9&#x27;s but getting there.You are getting warm on the CHF, need a market smack down to push you over the top.

bucknuts · Answer

This has been a pretty sick move since the 6th...would love to see CHF hold in the 90s here and close the month over 92..that would open up 1.02...got a small res line in mid 91s on the monthly

Daily showing that this pair is exhausted but its moved above the 200 MA which should act as support in 88s

wallstreetcappers · Answer

Back in the money for the AUD. I have been waiting for risk off for like 10 yrs it seems.

bucknuts · Answer

So where are you looking to get out on this trade Wall...i see you are now a few hundred pips positive

wallstreetcappers · Answer

I would like it down to 92-93 but lets see if she gets there.Nice to be in the black for a bit after being down for so long.

Coondawg71 · Answer

Hey Guys, good to see you, I will make a point of posting, but I do mostly all of my moves off 1minute charts and my long term is a 5min chart HAAAA!

With all this range play for the past 5 months, I see it no other way to keep my stops tight and my moves agile. Hard to pick a spot any other way for me.

Coondawg71 · Answer

https://www.freestockcharts.com?emailChartID=a1503fe5-b6d8-4dcc-8541-7bf6199ab5bbmy short term bias for todays trading foundation, keep in mind, I use 1min charts for trades

Coondawg71 · Answer

saw a funny post describing the action...."bulls are taking the stairs and the bears are taking the elevator!"

bucknuts · Answer

Sell LB/$ 1.5564&#xD;&#xA;My daily and 4hr seem to say to me we r lookn down...daily shown weakness maybe all the way to low 1.53s[5320s]....4hr id say at least 1.5480s...&#xD;&#xA;So im settn a limit for 60

bucknuts · Answer

We got the 50 MA on the 4hr at 1.5579...if it can close above that i will be stuck in the trade for a bit but if she sinks and closes this 4hr block under that i should hit my limit by morning

wallstreetcappers · Answer

buck,I gotta get back in the hunt mode, been so fixated on these specific trades that my approach has been so conservative.

bucknuts · Answer

Wall I didn&#39;t even think to look for news before jumping in this trade..I too am rusty

wallstreetcappers · Answer

I thought about that when I heard the news, but they seem to be selling it off a little..but still that was just bad luck right there.

bucknuts · Answer

Yeah everything that came out was positive..ill b ok though I still like the longer chart for a sell

wallstreetcappers · Answer

Getting close there buck.Up over 100 on the LB short, nice work.Considering flattening everything out and retiring. I wish I could retire but the EU has worked out nicely, the AU is also positive but not nearly as great as the EU short.

bucknuts · Answer

I took my 60 pips..shoulda averaged and cleaned up but being in that other position has mental cuffs on me...I&#39;m now ready for my next trade..I will post when something grabs my attention

wallstreetcappers · Answer

Nothing wrong with 60 pips.Lets get the CHF to .95, then we can celebrate.

bucknuts · Answer

You mean just retire these trades or with FOREX trading?

CHF been a long time coming thats for sure the monthly on CHF is looking like it wants to run to 1.02..can Eu slip to sub 1.20s again now though is the question,I think it may take a few months but i can see this..

Eu has broken below 100 MA on the monthly and the 200 sits around 1.21..strong support not far below at the 2010 lows 1.18s...another support level in the 1.16s from 2005

There will be some good spots for trading this week..this morning we had some small reversals/support tests..lets see how they hold up and then take the plunge

wallstreetcappers · Answer

Of course not retire from trading, just making a joke that the trade paid off nicely, even though it took forever to come around.

This smells like they are trying to reverse the USM, will be interested in how the last hour goes once Europe is done for the day.

wallstreetcappers · Answer

Well there is your answer, it took 10 minutes to jump 1% plus on both indexes.What a laugher

wallstreetcappers · Answer

NAZ with a nearly 3% jump in 15 minutes.

2011 Forex discussion

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