Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So basically, a non-event and a large investment firm knocked the first domino over? This would leave me to believe that the pairs could snap back. We'll see I guess.
I see the aussie bit me in the behind overnight. What cased so many pairs to make very large movements. News out of somewhere?
I think that news was no news. We all know that the economy is in the crapper...no real need for a news release to tell us. IMO
Yep, and that's all we need to know!
Well, if it goes down 30 pips then goes up 300 pips, then we are all right.
I usually look for 100+ pips as well. Thus my reasoning for looking at larger timeframes. Similar to you.
No profits yet for today. You can get your profits. My stop is pretty wide, so as long as you get your profits then the USD goes on sale thereafter....i'm good to go.
Yes, very interesting. Its probably dependent on the timeframes we view. I look longer term rather than one hour....probably why my view differs quite a bit from others. I don't look at 1min 5min charts. I trade based on 1hr, but make my trades on the 15min charts.
It bounced off of the 21/2 bollinger band bottom. Which suggest it will take out the top bollinger and target higher. I'd guess 1.3750 in the near term. EDIT: The bollingers are contracted at this point as well. These are all viewed on the 1 hr chart. Contracted BB's suggest a volatility is imminent.
I added some long aud/usd, short usd/chf, and long aud/jpy a little while ago. Working out for now...gonna hang on for the ride for the evening.
Their customer service is basically why i'm still a customer! Its fantastic. I always had problems with the Windows platform. Seemed to lock up and crash often. Never figured out why. It would flicker and put a red "X" below the chart then simply stop working. Was a pain in the butt.
Going to start scaling in aud/jpy longs at 68.30 down to 67.80 with stops around 66.80 and a tp in the unknown.
I think forex.com's regular platform is crap. I'm glad I switched to MT4...much better now! Now the just need to give me some gold.
Forex.com offers gold now. The only problem is that they have not yet extended it for MT4 customers. I like trading gold, so i'm looking forward to seeing it in my MT4 Forex.com account.
Congrats! Very nice trade there. I agree with your strategy of buying on a dip....I posted a chart about this yesterday. Eur/usd looks to be heading higher in the medium term.
Looking to buy aud/jpy at about 67.80 or so today.
Nice call. Was a lot of pips to be made there!
Also, the weekly chart features a double bottom.
Here it is. Nothing pretty...just a quickie. Price action is consolidating at 50% fib. A break north targets 100% retrace. A failure of the consolidation targets the lows.
Overbought/Oversold is worthless in a strong trending market. However, if the seemingly bullish consolidation fails on the dailys, a 1.26ish test is in store. I just closed out the majority of my aud/jpy shorts. Hanging onto 50k and may scale in more shorts on any rebounds.
I don't know about the 1 min, but the 1 day shows a very nice bullish flag.
Looking to liquidate my aud/jpy shorts from yesterday soon. Looking pretty well at the moment.
I feel like gambling some of my recent pips and took a very heft short on aud/jpy....pray for me. lol
I was long aud/usd and should have taken the reasonable profits I had going on. I closed out for a very small loss on the longs and decided to go short aud/jpy because of the break below 68.00
I'm short aud/jpy...for 66.50
I have wildblue satellite internet. There is a very substantial delay. On average, you can expect no better than 1 seconds of lag. I've never had an issue with candles being dumped all at once though. I'm not sure what would cause that. If I think of a potential reason, i'll let you know.
I averaged into aud/usd as I mentioned earlier. It's working out well so far. What are you trading today?
I'm lurking...nobody's talking so I figured i'd keep my mouth shut as well.
I use:
Oanda.com 50:1 leverage
Forex.com 200:1 leverage
FXCM 400:1 leverage
I prefer my forex.com account which is an MT4 account.
I also prefer Oanda over FXCM.
Today: 10:00am USD Fed Chairman Bernanke Testifies
Shoot...and i came REAL close to shorting eur/gbp yesterday at about .9400. Would have been a nice trade.
I'm going to wait for pullbacks today and re-enter long aud/usd and aud/jpy. I had a very nice standard lot of aud/jpy overnight that I closed out for about 70 pips early this morning and took a -10 pip loss on 50k aud/usd longs. Nice paycheck overnight. Aud/usd is nearing my "buyable" point right now really. I'd like to see .69's before beginning to scale in.
hehe...
Yes, very nice. It's making my 401k is near break even. Another couple of percent and its there.
Closed out all of my trades for the day. I'm done for now...i'll let fap do its thing for the evening.
I wish I wouldn't have reduced my positions this morning. Still doing quite well today though.
Yes. Which is why i'm betting on the aussie against the dollar. I also have some lingering usd/cad shorts from last week. They have been floating around in the black. I closed the larger portion out for some +pips and am holding onto the rest for now. I'll close them out around the 1.2150's hopefully.
In the near term that is...
Crossroads indeed! I don't think fundamentals support a strong USD. I'll continue to trade against it until proven wrong. What do you think?