Schools out for[ex] summer....June edition

looks like they rescued the markets +123

Setting 132.75 for exit.

Nice trade there. 

Sorry boys had some stuff going on with my babysitter and her husband....i guess they want to act like we are still in high school with their stupid drama...unreal the shit i been going through last few days....world is truly full of stupid people

Took 50 from AUD...i shoulda averaged but ill take what i can get...ill be around later today no more drama for me..

went short @ 132.32 gbp/yen  target 130.60 b back in the morning 

Out of that long trade, ended up being pretty painless and very profitable (275 pips) now looking short if they bump to 134 (as stated before)..

Also will consider a EU short at 1.21 today..

took longer than i thought but here it is...

I think they go higher still, makes me mad I bailed on that AU trade and left over 100 on the table, also probably leaving 100 on the table with this LB long.

I dont have much time will check in when i can...just went long $/Cad at 10398...looking for 50

Sounds good..

Funny I was eyeing that pair like 5 minutes ago thinking it was oversold.

I will limit buy at 1.039 and see if I get a lot and join.

GL to us then

 

 

 

 

 

 

 

 

 

 

 

 

 

This market is ultra-thin..they toss around the SPX in seconds, DOW up 20 then up 50.

This CD trade is like watching paint dry..got the 1 lot just now though.

added on the short gbp/yen 

133.34 

This risk-on theme is gaining steam, not sure what is powering it outside of the ease of pushing the markets around and longs being preferred to shorts barring negative news..

I will go short the EU at over 1.21, short the LB.Yen at over 134 and hold my long US.CD here..adding at the 100 pip level down.

joined u guys in canada long 103.82 that mother fell off a cliff on the 15 min charts 

yeah i seem to be getting in early on these trades....but it looked ready on my charts at the time....

That is a theme I keep having, early in and early out.

The percentage of perfect trades for me has to be less than 5%, maybe more like 1%.

hey but we're still making $$$ on these trades. I've looked at other forex forums and their are some real good chart guys out there but a chart doesnt give you the right trade. plus these guys all get stopped out, most of time they were right but the trade moved against them a little passed where they thought it would go. you cant be exact, being perfect wont happen often. 

i havent been following anything going on news wise for the usm today. is it up because of Ben's comments ??  did any data come out i didnt see ?

 i think if you want to short the LB 133.75 is the # to grab it but thats looking at a chart and guessing that the top from the7th is acting as resistance. 

I agree with your comment papa, people who use tight stops will never make money, which means you have to figure out how far you can be wrong and be willing and able to accept that.

If your funds are limited or you start too heavy lot wise then stops are important more than how we leg into a trade. If I went full boat on my first entry I would get smashed..I love looking at charts but that alone as you say does not promise a thing.

Think of those long term Euro chartists..getting killed as support keeps getting smashed and has for 2000 pips now.

1.0450 will be my exit point.

got my 50 outta cad  4 lots too 

sniff sniff sniff...

Smells like BK rumors heating up for BP


snifff sniffff