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i have an open position in AUD/USD. what is driving the move this morning? any thoughts?
i'm done for the day. stop losses set to +85*2. if it gets taken out...ohh well, who can complain?
I'm still holding my GBP/USD positions. Both are up 98+. I think i'm gonna trail a stop and just hold them for a while. I'm tire of trading, need a break. GBP/USD pays decent interest right?
Cable kickin some butt. Can it break 2? Any thoughts. I entered 2 positions about 2 mins before the release. Up 60 pips at the moment.
i hope you went on to bed. lol
lol please do!
seriously...wtf is gbp/jpy doing? it's fine with me but...
'morin Cap. Your responses are logical and I enjoy seeing more than one opinion. Especially if they are backed up with data.
if USD/JPY tops out at about 120. then GBP/JPY will likely end up with a double top...good stuff.
I'm there too...however, i'm somewhat hedged with USD/JPY. I'll be taking profits shortly in USD/JPY. Small profits, but it's profits I guess. I'm going to hang out for a bit to see if it will edged towards the option barriers up at mental resistance of 120.
Fukui sais JPY is in the process of raising rates "very cautiously"
long usd/jpy. target 119.95. this is a channel trade.
I'm short eur/usd. target is high .34ish. eom
I only see 236.80 as the bottom channel on the 3 hour.
EDIT: i think the spike down to 236.40is on the 13th can be ignored. it's totally out of place.
double top on the 1 hour. seems the market played the TA game for now.
EDIT: Not really double top, matching candles at the top.
i'm with you on that. channel appears to be in play.
if your in north east, just go outside, you'll dry off fast! lol
I use oanda.com and highly recommend it. However, you should shop around and find one that fits your needs.
I think your call on the GBP/JPY short was right on point. The candles show a very bearish configuration to me. Weather it goes down much...who knows, but It still looks bearish to me. I'm going to say at least 237.46. That is based on my analasys using bolinger bands on the 3 hour set at 14, 2.0 Take a look and let me know what you see.
i drew the same channel on my chart...seems it is resisting at this second. Maby your short is a good idea....
i was trying to find the story about the Russians planning to buy GBP. It was in the oanda news ticker somewhere. i can't find it again. maby i'm just tired.
let me tell you of my craziness. last night i sold my option box for about 30% gain, turned my short around and went long, now i'm up 90 pips. lol...about break even now. i'm gonna kill this long soon since your fat wallet is shorting my position! lol
good view...however, the numbers were quite well this morning. if it breaks that resistance....it's hard to tell where it's going to go. plus no jpy support at the g7 etc. ohh and the Russains are buying.
short seems risky to me at this point. who am i to say that? lol
4:30am GBP PPI Input/output m/m
i'm gonna short eur/gbp if it gets up to .6830. eom
please see post 8793...i believe that was the issue.
the good thing is this:
if you piss in the wind, and the wind keeps blowing, you'll eventually dry off!
tempting...
Ok my box option can be sold at +25% now. hmm
Cross/JPY back down on rumours of CNY revaluation making the rounds in markets after G7, with US Treasury Henry Paulson meeting Chinese officials today. Rumours could be due to the meeting today between US and China officials; as US Trsy Under Tim Adams said: Also, on Monday, Treasury will host a meeting of the U.S.-China Joint Economic Committee (JEC), an important forum for discussing macroeconomic and financial issues in our two countries. These issues will play a central role in the upcoming Strategic Economic Dialogue meeting in May. To achieve sustained growth, China needs to rebalance its economy. Creating an efficient and competitive financial sector is a key component of this rebalancing and is critical to ensuring future growth in China, as well as the global economy. On FX, eye CNY reval rumours. USD/JPY lower at 119 from 119.72 high, EUR/JPY now 161.45 fm post G7 all time high 162.43.WL
lmao...i'm flipping mine back up right as we speak!
gotta love and hate the beast all at once. crazy!
Bolinger Bands are an excellent tool to use with GBP/JPY. I set them to either 14, 2. or 20, 2.
forex factory requires a password now? wtf?
talk to me JPY! eom
That's fine. Let it happen Thursday, then they can pay me for my 100% miss box, and i'll take the pips.
my tp and miss box is at about 234.60. The resale value is 0 at 237.60. this tells me that 234ish is on the way, else oanda would let me sell the box if i wanted to....
i will never short gbp/jpy again! interest is a killer. lol but i already knew that, so why the hell did i do it?
something odd!
but good in my eyes. I just logged into my oanda, the option box has a resale value of $0.00. Hmm...why would that be when the price is so far away? other than oanda's system thinks that the miss box is going to be hit. i see green for me in the near future.