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tradingwizzard

Live Trading the Currency Markets

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just as a thought, I am looking for euro to be stronger against commodity currencies in the short to medium term, especially against nzd - strong pattern there, previous expanding triangle on the daily chart followed by a potential double three running now

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ok guys, starting with October here

 

Trade nr. 1 Going LONG AUDCAD here in 0.9688 for 1.0000 tp sl 0.9563

 

trade is based on the last inversed head and shoulders pattern I posted on the head and shoulders thread

 

closing it here in 0.9828 for +40 pips profit.....it just doesn't work, consolidates too much and scenario invalidated

TW

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closing it here in 1.6083 for +44 pips profit.......booking profits as it was mainly a scalp

 

Hey TW, how you could say this was mainly a scalp when from the outset you had a TP of near 400 pips and SL near 300p - surely it was not opened with the intent of a scalp if you were going to use those initial TP and SL.....

 

With kind regards,

MK

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Hey TW, how you could say this was mainly a scalp when from the outset you had a TP of near 400 pips and SL near 300p - surely it was not opened with the intent of a scalp if you were going to use those initial TP and SL.....

 

With kind regards,

MK

 

indeed you are right.....I wanted to say it became a scalp...:)

 

TW

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Trade nr. 12 Going LONG GBPUSD here in 1.5984 sl 1.5750 tp 1.6430

 

industrial production came lower than expectations in UK but this is a service based economy so impact on gdp would be most likely soft.........technicals still point to the upside as what we're seeing on the 4h chart might be only an irregular flat.........new highs to come

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From a pure sentiment perspective I dont rly see how the USD negativity can get anymore bad than it has been the past two weeks with the shutdown and the Yellen nomination. On the other side EUR and GPB sentiment has been very good based on inflows into European equities and good Eurozone and UK sentiment indicators.

 

From this point on its back to data dependent tapering. Going into a two week space now where there is likely to be a massive backlog of data released, headlined by two NFPs from periods of time where claims have been very low.

 

End the gov't shutdown, raise the debt ceiling, one or two 200k+ NFPs, return to taper talk puts more pressure on Draghi to increase LTRO/rate cut rhetoric...

 

EUR seems fundamentally more likely to fall...

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