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I'm in at 96.34 and i'm up 7 pips on 200K AUD/USD. Great minds think alike! lol
I'm after CHF/JPY again. eom
Yes...Very. I'm up 6 right now in AUD/USD. Hoping to test 81 again. CHF/JPG got me good. Was quite an unexpected move based on the technicals. But we all know TA isn't always right...
The ONLY thing that I don't like about oanda is that they will rape you on news. Don't have a stop ANYWHERE close to the current price, else it's gone when news comes out. Also, if you have a take profit set, and the spread goes to 20 or 40. It'll take that out at a loss as well.
My AUD/USD short stopped out(at +2). I traded tooooo much so i put a conservative stop cause I had to go to sleep. They always get taken out it seems. My CHF/JPY stopped out...wasn't so conservative(oops) I am long AUD/USD at the moment and am down 4 pips for now. Things are looking greener on the other side. I'll see if I can't make my money back tonight.
Lol i'm about to do the same. Gonna hang in for a little bit longer...then i'm done with it.
lol good one! next time i'll wait 15 minutes hehe. I'm with you on EUR/GBP. Been in since the other day.
I hope your not looking for 6715. That would suck for you. lol
Short AUD/USD looking for a quick 20 pips. Just need some beer for the weekend.
Data comes out at 0830 GMT(0430EST). eom
It should wake up at 2. Easy on the crack pipe. eom
I like it because i'm cheap(finally paid you anyway). And it moves well. It broke out of a bullish wedge yesterday. I'm trailing my stops...when it's done, i'm done. Hoping for .6810 at least. If it hits .6820, i'll probably enter a short position. Still looking for another position tonight. You see anything special happening anywhere.
Nissan Feb global output down 3.1 pct yr-on-yr, 1st fall in 2 mths
Wednesday, March 28, 2007 12:46:00 AM
TOKYO (XFN-ASIA) - Nissan Motor Co said global output in February fell 3.1 pct year-on-year to 282,542 vehicles, the first fall in two months, due to weaker sales in Japan, Europe and Mexico.
The company gave the following data for February, with year-on-year percentage changes:
Domestic vehicle output - down 7.5 pct at 110,249 units
Domestic car output - down 8.5 pct at 92,648 units
Domestic vehicle sales - down 7.2 pct at 77,205 units
Domestic car sales - down 10.8 pct at 52,602 units
Exports - down 14.5 pct at 50,483 vehicles
Overseas output - down 0.1 pct at 172,293 vehicles
Global production - down 3.1 pct at 282,542 vehicles
(1 usd = 117.42 yen)
kaori.kaneko@xfn.com
My EUR/GBP is banking again...just needs to break .68, then i'll be banking very well. Looking for .6820 as a target now, however i'm trailing stops, so they'll keep following until they are taken out.
Very good. y=mx+b this is a very useful formula that can be applied to trading.
p.s. that statement keeps us on topic right? I'd hate for Matt to put me in jail on my first membership day. hehe
If you can answer this, it is very useful.
Business and finance. In planning for a new item, a manufacturer assumes that
the number of items produced x and the cost in dollars C of producing these items
are related by a linear equation. Projections are that 100 items will cost $10,000 to
produce and that 300 items will cost $22,000 to produce. Find the equation that
relates C and x.
lol...just about choked on my chicken. MACD poked me in the eye.
Replace my "full oscillator" with "full stochastic's". I'm doing algebra homework, working, eating chicken, trying to trade forex all at the same time...ohh and posting on ihub...so my brain is about fried. After a couple of years...I just gave my hard earned forex money to Matt, he should be thankful
Yes I use EMA's and SMA's often. MACD is good for pointing out longer term runs. Often though the MACD is way late. When used in conjunction with a full oscillator, the two work quite well together. The oscillator gives an early warning to a MACD crossover.
What MACD settings do you prefer? eom
Near future things you should know!
3/26 23:50 JN Corp Service Price (YoY) FEB 0.60% 0.60%
3/27 0:00 AU HIA New Home Sales (MoM) FEB 5.80% - -
3/27 6:30 EC EU Finance Ministers Hold Meeting
3/27 8:00 SZ UBS Releases Monthly Swiss Consumer Index
3/27 8:00 GE IFO - Business Climate MAR 107 106.5
3/27 8:00 GE IFO - Current Assessment MAR 111.6 111
3/27 8:00 GE IFO - Expectations MAR 102.6 102.3
3/27 8:30 UK Total Business Investment(QoQ) 4Q F 3.30% 3.30%
3/27 8:30 UK Total Business Investment(YoY) 4Q F 11.10% 11.10%
3/27 8:30 UK BBA Loans for House Purchase FEB 37804 - -
3/27 9:00 US Pianalto of Fed, Others, Speak on Currencies
3/27 13:00 NZ Westpac NZ Consumer Confidence 1Q 119.7 - -
3/27 14:00 US Fed's Braunstein Testifies Before House Subcommittee
3/27 14:00 US Consumer Confidence MAR 112.5 108.8
3/27 14:00 US Richmond Fed Manufact. Index MAR -10 -5
I need different bait for tonight. Hell I need to cast first. Haven't found anything promising for the moment. I guess when the big 2 a.m. comes around, something will be on the line.
Good job. Now I need one! Should post daily pip winnings from the board into the ibox. Would help with the "asset" factor of the board.
I'm studying a gameplan for tonight. Haven't really gotten anywhere as i'm trying to do college homework at the same time. Got a good beauty(or lack there of) sleep and am ready for some trading.
I love the forex market. I'm gonna quit trading stocks. eom
I entered 3 long positions on EUR/GBP at about 7:40 yesterday evening. Trailing stops now. All profit for me.
Peace
jRb
Bed time before long
Euro firmer, government bonds softer on rise in Germany's Ifo indicator
Tuesday, March 27, 2007 4:23:00 AM
LONDON (AFX) - The euro strengthened somewhat while European government bonds softened on a surprise rise in the German Ifo business confidence indicator.
The Ifo rose to 107.7 in March from 107.0 in February, above a consensus for a decline to 106.6. Indices for both the assessment of current conditions as well as expectations for the future rose.
'The results are surprising given the higher oil prices, stronger euro, equity market jitters, US economic slowdown, tighter monetary conditions and higher VAT,' said Zaki Kada at Thomson's IFR Markets.
'Despite all, it seems that the recovery in Germany is still intact and, is domestically driven. This gives further assurances to European Central Bank to hike rates further with 4 pct around mid year a very likely proposition,' said Kada.
The euro edged up to 1.3345 usd on the news from 1.3330 previously. Meanwhile, the bund future softened a few ticks to 115.29 from 115.37.
UK loans for house purchases continue to fall in February - BBA
Tuesday, March 27, 2007 4:30:00 AM
LONDON (AFX) - Further evidence of a weakening UK housing market emerged today as a group of leading banks said the number of loans taken out to buy a house fell in February.
In its in-depth analysis of the mortgage market in February the British Bankers' Association said number of loans approved for house purchases fell to 54,659 from 57,385 in the same month a year ago. This is the third month in a row the number has fallen from a year earlier.
The BBA said the average loan approved for house purchase however was 150,400 stg, up 14 pct from a year ago.
Meanwhile the BBA said underlying net mortgage lending -- gross lending minus repayments and redemptions -- rose by 5.2 bln stg, below the recent average growth of 5.7 bln stg and January's 5.4 bln stg rise.
'The UK's shortage of housing market supply is clearly evident in the mortgage approvals data. The last 50,000 stg rise in the average house purchase loan has occurred more than twice as quickly as the previous 50,000 stg increase,' said David Dooks, the BBA's director of statistics.
'Demand appears to be moderating however, as the monthly number of house purchase approvals was lower than a year earlier for the third month running and net lending was below trend in February,' he added.
The total number of mortgages approved for all purposes however, which includes remortgages and other forms of secured lending, rose to 167,246 from 166,326 a year earlier. The total value of February's loans approvals was 18.1 bln stg, up from 15.8 bln a year ago.
Meanwhile credit card borrowing was unchanged with 30.5 bln stg in loans outstanding in February while other loans and overdrafts fell by 0.2 bln stg.
'Reflecting tighter conditions for personal disposable income, consumer credit continues to be weak,' said Dooks.
EUR/GBP just blasted through all resistance and is still trying to run through the week high.
It's from the German news I assume. It's got my account looking pretty good.
Some numbers came out at 0400 in Germany. Ahh how sweet it is. Ripped through major resistance. Heading up for the .6785 resistance...i hope.
don't listen to me, I don't have a clue what i'm talking about
Key resistance broke. Lets see if it can hang in there(EUR/GBP
As of the moment, it looks like things aren't going to go so well for me at about 2. We'll see i guess
I've been watching EUR/GBP and GBP/JPY. Seems that the two pairs provide a hedging opportunity. Unless i'm just confused. So, if you make money on your short, I stand to make money on my long. Your charts support your targets well.
jRb
My first 2 real money trades....both were WAY up. Got greedy, held without trailing with stops. Ended up losing money. I know how that goes. Now i use trailing stops for every trade that goes +, if it gets taken out like yours did, then ohh well. Still money in the bank.
Gain is gain! I did see that it hit about 70 right? If you didn't push your stops, you MAY have ended up with less than you have now. Two sides to that story right?
As I have posted before:
Don't listen to me, I have no clue what i'm talking about!
jRb
I see a bullish wedge formed out from the 13th. Potential reversal. Short term anyway. If I had file hosting somewhere i'd drop a chart, but I don't, so....
peace
jRb
That would be logical, however, it would still be in a reversal pattern according to the 3 hour. :-p
I know i'm crazy But, if it can get to 6780 or beyond, it's all up from there. Possible .6820 or better. I've got 12 hours and a mouse, so i'm protected either way.