June forex...Whytless edition

Have a good time.

I got out of my LB short for a profit after averaging up and the drop once the market re-opened.

We need more action here, it has gotten slow lately.

Ive been swing trading US pairs based on the markets movement and been doing ok with that theory.

The US/Yen has about 100 pips before it has double support..

AUD.US just held double support today, RSI is not oversold though.

You are saying LB.USD or LB.EU or what?

I am in a swing long on the LB.US now, looking for 1.6405 as a sell.

EU.CHF range bound for 3 months..near the cycle low, but then it could crater like the EU.AUD did..

I see the RSI at 41 still and the DMI lines have been congested for two months.

pop,

Bad data moved the LB down 250 pips, I had a limit order in but even it is down, lucky it has recovered some but I might not be making NIGHT limit orders going forward.

I ditched it with 20 pips in gain..it was a bad entry and I am glad to get something out of it, initially I was down like 70 pips.

pop,

It was LAZY by me no doubt..especially with a real money acct.

Ive been using half lots as entry and then I add accordingly..so I was down 350 or so when I woke up this morning.

SS LB.US at 1.6325

Fast move, wish I had bot at 1.6285, that would have been 40 pips.

Looking for 25 pips on the short.

Averaged up twice as high as 1.6381, covered on that big dip, but left plenty on the table. I hate waiting and missing more profits.

pop,

I might join you if they take it under 1.63.

Did another swing trade before the close..

Short at 1.6365, cover at 1.6339

For the day a net of 150 pips, tons of action made more pips than usual.

pop,

I start at .5 and average up .2 on each add, the most I carried all day was .9, when I get the acct up to the point that I can begin with a lot and add and it doesnt take away a chunk of margin I will start doing so.

But that said, I am itching to take that chance because you can swing in and out easier with a full lot..I would trade for 20 pips or even 15 versus waiting for 30-50 with half lots.