August 2010 Forex Discussion

Good luck to everyone this month!

Had a great week to start the month.  Let's hope it continues.  See ya'll next week.

Picked up some EU short at 1.33, right on target..

Good morning everyone.  Let's get the week started off right.

Sell usd/cad at 1.0284, sl at 1.04, tp at 1.013

Good luck everyone

EU starting to erode just a little..not looking to cover just yet, I would like this one to make me 200 pips before I let her go.

I really should let this keep dropping, I bet I will regret covering.

Cover at 1.3130 (if/when) equals 220 pips and flat..

Well I missed the top by 150 pips..and I imagine most would have bailed, but the way it had moved and the USM had moved so much, I thought the odds would eventually be with me and it worked out.

Now flat..gotta find a new trade..

At least you gettn trades in Wall

That CHF trade just cannot catch a break..starting to break away and then the stupid market reversed on that garbage FED news.

Man I should have shorted the EU.Yen over 113.50 again.

Dang..

I was going to short the EU last night even though the price was where I covered last..it gapped down early session and I didnt think it would recover and it didnt, rather dropped another 100 since.

This market reaction was what I expected yesterday, the FED saying they noticed a recent slowing more than expected..

Yeah that fake pop yesterday made for a bunch of good buys/sells...FXinsider said they thought it would be short lived...guess he was right...

Need CHF to push up into mid 106s and close there to give me a sign of life but it already looks tired...dollar index up to 82.34 i thought for sure the trade balance # would hurt me this morning....-49.9Bthey were looking for -42B....

Well the USM getting kicked offset that number for sure.

Short term chart on the CHF looks pretty good, but you are getting close to that triple top test on the 4 hr chart.

If it breaks that gap down leg over 1.075 on July 1st you might be in business.

The way that the USD is soft against the stronger currencies, risk off currencies makes me question how far it can go here.

You need the Swiss government to make a comment about stopping the CHF run, that is about the only thing that could dramatically improve things quickly.

The further the USM falls, the better for you though..

Yeah its wild the way this pair has been trading last few weeks..its been up with the market,now trading higher as the market drops..i dont look for much of a push higher from here for now anyway..1.0630 will be the high...again

buck,

It should be higher tomorrow..watch them dump the market down 150 and then reverse it green...they will..

Hell i need 107s to jump out but id like to take some profit,was hoping 109 but my god how long is it gonna be???Daily crossed and it didnt have any steam behind it...weekly looking better but who knows...

Im looking for setups though and wasnt around for the sell signals of this last move many crossed on the 4hr and then the daily and are still going the way of the cross...maybe ill still get one in b4 the week is over

And as expected they reverse it quickly off the lows (USM).

Tell me this isnt just a bit manipulated..lol

Shorting gpb/usd.  In at 1.5573, tp at 1.5150.  Bounced right off the 78.6% fib retracement on the down trend on the daily chart (wish I would've gotten in there).  My tp is at the 50% fib level of the current uptrend.

Long Lb.Yen at 134.10 if it gets there..

You in and averaged and out already Wall?

lol

It seems like it huh?

I could have averaged in about 50 lower or so but I didnt..currently long from that area, and it is currently up 30 or so..I want 100-150 on this trade since it does not return the same as 100 pips on the EU etc..

Anything up with you?

Added at 132.95

More thin futures buying, reverses the markets almost 100 pts.

I saw a few crosses coming this morning and wasnt really interested in the trades...AUD was good though croos came and 8950 at least couldve been had b4 hand...now down to 89 even...im going to be around more now,again....still on nights but only Mon-Thur...

What are you guys in or are yall flat?