February Forex and beyond

Haha,  I think we can all relate to that at some point or another. 

Interesting article in the Financial Times about the EURO by George Soros LINK

Eur/Jpy sinking like a stone in Short @124.25

adding to my position @124.06

Same goes for the lb.yen, the Yen taking a beating today..nice job.

Matt will be trading off the DATA release tonight at 4am...link in his thread or on the front page at dailyfx.com.......

Not much today that interested me at all..pretty tight trading ranges and nothing that grabbed me.

I am still in my EU.AUD trade..I averaged in a bit so I am down 100 pips or so..not bad.

so ur long right?whats the avg Wall?

looking at EU/$ monthly again if it doesnt close this month above 1.3870 it WILL crossand we should see another leg down...less than a cross per year of these lines and when they come the moves are monsters

I closed my NZD trade for a crappy 42 pip gain...had 100+ and got greedy but i still think it may sink here if it cant rally and close the month above 7150...we'll see what happens Sunday

Ive entered a shrt on EU/GBP...Matts trade here.....hes looking for 8840 to be stiff resis for awhile so i jumped in at 8832

Hit my 110 pip limit on Eur/Jpy 

X2 lots =220 pips by Tuesday. 

Might call it a week here boys

Nice job rick...very nice.

buck, long on average of 1.5228

Was looking decent until it broke down during the night..yikes!

Aud/USD short @ 8997

You caught it as it broke that moving average, straight nose dive since.



If the lb.yen drops another 100 I will go long...

Got 100 pips and running.  next fib level is about 5 pips away @ .889

could see a larger push down or retracement in the next hour.

rick,

Watch the USM..the lower she goes,the lower the AU goes.

Sniffing a bounce on my EU.AU trade with the drop you are enjoying too.

and you said you were done for the week

im sitting pretty in mine as well...NZD also crashed again....bet we still see that 6840 i called out.....

Watch the monthly close on EU and NZD later this week....

Good trades guys

 

The USM seems to have a ton of support..they took her down 110 or so and brought it back up halfway in no time.

No fear or selling pressure, none at all.

I'm out with another 100 pips for the week.

I am going to monitor this and if it closes bellow the 889 level will re-enter short. 

320 pips and counting for mon-tues.

Nice work..

I find it interesting how you can almost time these markets and if you have patience and some margin that the UP market/DOWN market trades keep paying.

Up markets= short USD pair, long risk trade

Down markets= reverse..long the USD and YEN, short the AUD and LB and EU

haha, now it is going to close below that level on the hour.

  

Looking at the supports it looks like the next logical target is the 8787 area,  I will wait and see if it will break this 8878 level that seems to be a resistance turned support on sun/mon of last week.

Overall you can see on a 4 hr chart how well these fibs are working there is a perfect M shaped pattern that has emerged over the past week or so,  which was a great indicator to sell into the (double top) created by a early surge on Monday.

I saw the double top indicator followed by the confirmation of the long dark candle for entry, there is really no reason (aside from my own timidness to be out of this trade) .

agreed,
 with enough margin there is real potential for some very nice steady gains. If you have the discipline.
I do not see why some of my friends that tout equities and etf's like they are the bible think that Forex is the Crack Cocaine of the markets.

These guys watch Cramer like he knows what he is talking about, when I say that he is in the bag of corporations that he touts, they say I am a crazy conspiracy theorist.

These guys literally talk about Cramer the way we talk about DMI, or ADX, or RSI. 

These guys think that MACD is the stock ticker for McDonalds.

Im gonna trade the data release tonight with Matt...German GDP at 1:45 am...hes on that trade with you Wall...called for an entry at 151...also got his watchers in a short of AUD/NZD entry 12875 and a short of EU/GBP....

buck,

I was early there for sure, the chart looked like it had solid support near those multi month lows, but it didnt hold..

That is interesting though, he likes a long EU.AU and a short EU.LB...a little wacky if you ask me.

I'm Long on USD/JPY here

in at 90.2980

Hey whats up Ice...thought we lost ya....Gl,looks good as the stochs have turned on the 4hr@RSI lower than its been in over a month

Matt was looking to scalp some pips long in EU/$....im already in that so i went shrt CHF...up 15 pips as i type going to bail b4 i go back to sleep

out of CHF with 20 pips..jumped in JPY with ya 90.207 going for 30 here...fxinsider looking for 9070...hope im out b4 i get up

 

Lets get some pips