Live FX Trades

[cowpip 10]

Closed for -10, reversing back to short at 212.82... It's having problems going higher, although I recognize the risk given the double-bottom on the faster frames.

[cowpip 10]

Closed for -10, reversing back to short at 212.82... It's having problems going higher, although I recognize the risk given the double-bottom on the faster frames.

 

Weee... look at me... I'm a yo-yo!

 

I've moved my S/R line slightly (from 96 to 76). It seems to fit better, which places the 4-hour candle close inside the band and therefore justifies a move higher? ... Closed short for -14 and long now from 96. Last time I'm switching... it's either do or die.

 

Talk about drunk driving! Sheesh...

[wasp 10]

Out at 213 for +42

 

Long at 212.98

 

Dumped at 70 for -28

 

Short at 212.70

[cowpip 10]

Weee... look at me... I'm a yo-yo!

 

I've moved my S/R line slightly (from 96 to 76). It seems to fit better, which places the 4-hour candle close inside the band and therefore justifies a move higher? ... Closed short for -14 and long now from 96. Last time I'm switching... it's either do or die.

 

Talk about drunk driving! Sheesh...

 

 

Closed -25. Short from 212.71. :angry:

[cowpip 10]

Dumped at 70 for -28

 

Short at 212.70

 

 

Buddy... to post THAT fast, you must already have the form filled out and your order ready to click!!

[wasp 10]

Its been an, err, interesting week so far... Certainly a lot more trades than usual and the winners definitely are not beating the losers to the extent I like

 

-30 +100 +30 -20 -10 +115 +101 -50 -40 +49 -60 +44 +42 -28

 

Still, +243 at the moment...

[cowpip 10]

I'm concerned that GJ is exhausted. GBP (on cable) has moved VERY far (some of which is US dollar based). EUR has also moved very far and is looking over-extended. I don't think the Yen has depreciated too much. In my opinion, I think EJ has room to rebound. EJ also touched one of my S/R zones.

 

SO, change of tactics... I've closed GJ for +9 and am going long EJ at 167.76. See if I can ride this back up toward 168.20.

[cowpip 10]

I must be cursed with your strat, Wasp. Kidding... it's just poor placement.

 

4-hour candle closed below support, so... according to your destructions... closed for -10 on EJ and short at 167.57 (had I been trading my strat, I would have definitely not considered going long in the first place - but I'm learning this new strat... so...).

[cowpip 10]

And closed... I'm going to hold fire now and take a break for a wee bit.

[wasp 10]

Dumped at 70 for -28

 

Short at 212.70

 

 

Closed at 210.94 for +176

[wasp 10]

Long @ 211.06

[wasp 10]

Its been an, err, interesting week so far... Certainly a lot more trades than usual and the winners definitely are not beating the losers to the extent I like

 

-30 +100 +30 -20 -10 +115 +101 -50 -40 +49 -60 +44 +42 -28

 

Still, +243 at the moment...

 

Closed at 210.94 for +176

 

Long @ 211.06

 

Closed long for +12. Against my 'rules' but, with EJ and EU and cable dropping and the daily TL breaking, I cannot see this getting back up to 212 again. I may be kicking myself by the next candle but going to stand out for now as its Friday lunch and the US open did little.

 

That's +431 on the week. I feel like I am showing off and massaging my ego posting live so I am going to stop unless everyone would like me to continue.

 

Back to watching the olympics for now....

[cowpip 10]

A little late on the post here... went long on GJ from 210.91 at the end of the last 4-hour close.

[cowpip 10]

Closed my GJ trade for +71 and I'll stay flat now through the weekend. Had this not been a weekend, I would have reversed here and gone short at 211.62 But I'm of the opinion that it's not wise to take an entry this close to the end of the week. Anything could happen during the weekend to change sentiment.

 

Anyway, have a great weekend everyone!

 

Wasp... you 'da man! I deeply appreciate the time you've taken to share your thoughts and trades during this week.

[JT1 10]

Closed long for +12. Against my 'rules' but, with EJ and EU and cable dropping and the daily TL breaking, I cannot see this getting back up to 212 again. I may be kicking myself by the next candle but going to stand out for now as its Friday lunch and the US open did little.

 

That's +431 on the week. I feel like I am showing off and massaging my ego posting live so I am going to stop unless everyone would like me to continue.

 

Back to watching the olympics for now....

 

I don't think it seems that way. I find your "live" posts useful to follow. However, i by no means expect you or anyone to make public or justify your personal trade decisions. So while they are helpful, i''d say - don't feel obliged to post anything.

 

If posting your live trades is affecting your trading performance for the worse, by being a distraction etc. as could easily be the case, for your own sake i would advise you to stop the posts, and concentrate solely on the "business" of making pips.

[wasp 10]

Mornin' all,

 

Few additions and changes and lines updated. Here is my outlook for the week ahead and levels I will be watching. A couple more lines to adapt to all levels played important parts in the last few weeks. Also a template for those curious in a bigger picture.

 

Sunday and the sun is shining so I am out of here... Catch you all tomorrow.

levels.tpl

[wasp 10]

Long GJ @ 210.90 (order) (filled)

Edited August 11, 2008 by wasp
filled

[wasp 10]

Long GJ @ 210.90 (order) (filled)

 

Closed for +40

 

Short GJ @ 211.25

[smbtnt 10]

A messy ride down to 209.50-208.50 is plausible, which logically is everyone's hotzone....

I will be monitoring and placing limits as we enter the said level...

An hourly close below 210.70 would prompt to short this pair...

[smbtnt 10]

Closed for +40

 

Short GJ @ 211.25

 

I assume you are expecting a close below 210.70 on this 4hr and hence the short. May I ask why if you dont mind please? Its just that we have not had a close below that level for 3 weeks and everytime we do dip below we seem to close above...

Could it be the lower high and lower low closes?

[wasp 10]

I assume you are expecting a close below 210.70 on this 4hr and hence the short. May I ask why if you dont mind please? Its just that we have not had a close below that level for 3 weeks and everytime we do dip below we seem to close above...

Could it be the lower high and lower low closes?

 

I see resistance at 211.40 area and as it has now rejected said level twice this morning, I expect a re-test of 210.70 at least, if not the break and close below.

[wasp 10]

Long GJ @ 210.90 (order) (filled)

 

Closed for +40

 

Short GJ @ 211.25

 

Closed for +21

 

Long GJ @ 210.90

[cowpip 10]

Reversed. Long GJ@210.87

[cowpip 10]

I'm still inclined to think this will rise, Wasp. It has a "rolling over" look and feel to it now. The next hour will be telling.

[wasp 10]

I'm still inclined to think this will rise, Wasp. It has a "rolling over" look and feel to it now. The next hour will be telling.

 

Inclined to agree at the moment. Far too many buyers at 210.70 to let the sellers take it lower. I think we just need a few more sellers to swap over and join the push up instead.