Recent content by JJayFX

Well it's been quite a dull start to an exciting week. Last week I was able to jump on the Gbp train heading south on monday and tuesday, but then the Scottish yes-no-maybe just dealt me out of GbpUsd and I'm still waiting for some clarity. 6280/6350 is the main fulcrum here and what I expect...

Hey LST, thanks for your replies! Yeah this week went surprizingly well...the reaction levels on EurAud and EurCad held up to inspection, and I also played long UsdJpy as there was continuous chatter throughout the week about large bids in the pipes, looking for a burst of 105.50 Option...

Thanks guys for your messages, and I'll keep on posting for you ;-) So I'm back in the usual saddle now...there's been a slight uptick in volatility but even so, my focus will probably have to stay on Crude and YM more than FX. But I have some unfinished business with FX. EurUsd 4H chart...

Well it seems this thread has attracted very little interest thus far...so before I leave for the holidays here's a few thoughts that i'll leave you with: When you are trading, you are competing against other traders and some of them are powerful players with 15+ years of relevant experience...

Quick update on my thoughts for EurGbp trade

As a side note, traders will be limiting their exposure ahead of NFP tomorrow. Also, tomorrow is the first day of the month. Is it really necessary to be a hero and risk getting chopped up by all the conflicting events? Stay safe & stay classy, and I'll catch you next week :-)

Something I'm looking at right now AudNzd pulling back to the current week's lows. No bullish news on the wires YET... however price is reacting around 1.0950s and it could be a value ticket north towards this week's highs...

As expected, Euro (EurUsd/EurGbp/EurJpy) are benefitting from month end flows and the usual buying from Bundesbank. Jpy selling had already started the past few days. ...and after my post, it became official through the wires:

As Van Tharp says: Expectancy = (Probability of Win * Average Win) – (Probability of Loss * Average Loss) The fact is that unless you are following a disciplined plan time & time again, which includes managing the trades in the same manner time & time again, the statistics (and expectancy)...

Fwiw, this just came through the newsfeed from OFT..seems that they have some sort of agreement with Metastock Xenith... and this is the link it points to: http://go.metastock.com/

The market reminds us why it's better to go with the flow...on the GDP beat, USD rally has awarded patient players with some extra pips :-) And leaves me a little frustrated for not managing my UsdJpy differently yesterday...oh well... wash-rinse-repeat... On another note, some common sense...

So today is the first day where it actually might get interesting. We've got some data coming up this morning in the EU and this afternoon over in the States... regarding the EU confidence/sentiment reports for this morning, the market is positioned (guess?!) bearish, expecting worse prints...

So we're going into the end of the month and it's time to see what type of flows we may encounter. Looking at the ES, the FTSE, the Nikkei, and Eurostoxx, the biggest moves have been seen in the Nikkei since the beginning of the month (+3.12%) and the Eurostoxx (-1.64%). If the next 2 days...

So today should be another dull day...the market should pick up slack tomorrow anyhow. Looking forward for today, there are a couple of events on calendar. BOE's Broadbent will be listened to, regarding the outlook for the economy. That should overshadow the econ releases from the UK...

I think that trend/range depends on the time frame you're looking at. I also believe in trading trends more than fading extremes. When a fade is no longer a real "fade" but a value ticket, there must be some really strong/evident level to play off of and I always think there's some confirmation...