any blockbuster forex trade setups?

bl33p · Jun 18, 2006

Short dollar at peak after jun 29 fomc announcement.

mr double · Jun 18, 2006

Quote from forex-forex:

What is UD? Is that a new currency?

new currency? not quite yet,but it'll be some day
this is U$D , when it lost 50% of it's $

ElectricSavant · Jun 18, 2006

Quote from mr double:

new currency? not quite yet,but it'll be some day
this is U$D , when it lost 50% of it's $

Chood · Jun 22, 2006

Quote from trc49492:

. . . I was talking about a setup in a specific currency pair on a longer term chart that is either looking very bullish or very bearish going forward . . .

At the risk of inviting any proâs fade of my customarily amateurish calls, I recommend the Australian dollar over the USD in the current futures (near month) range -- say .7340 anywhere down to .7315. Iâll buy one or two in that range this session, looking (and waiting) for as much as .7700. Patience play. Stops to be set 110 to 130 ticks under entry, .7205-10 or so. Aprox. 3 to 1 reward to risk.

Some reasons: negative sentiment about metals bubble bust still priced in Aussie, along with longer-standing hangover of concern about investors possibly dumping their Aus-denominated bonds. Both ripe to be priced out. Also, Aus stock market more resilient than others in recent see saws, and rough parity of interest rates with USD tends to point away from volatility (read stops picked off) caused by carry trade.

Chood · Jun 25, 2006

Bought one near-month AUS future last session (Friday), at bottom of my entry range, .7315, and will buy one more, averaging up, at .7340 if traded there this week.

If avg.-up entry for second is met, will set stops for both at .7230, a shift up from stop for first, .7205.

ElectricSavant · Jun 25, 2006

kewl..when your right your right....

Quote from Chood:

Bought one near-month AUS future last session (Friday), at bottom of my entry range, .7315, and will buy one more, averaging up, at .7340 if traded there this week.

If avg.-up entry for second is met, will set stops for both at .7230, a shift up from stop for first, .7205.

Chood · Jun 25, 2006

Ah, you are becoming wise, grasshopper. And what of the converse. Also true?

Converse. "Reversed, as in position, order, or action; contrary."

ElectricSavant · Jun 25, 2006

Nah..I just like the pyramiding in...you pick the fade

I had a basketball shoe once with that same name and sprained my ankle when reversing the wrong way when in forward motion

I have always been wise teacher, its just that you are just now discovering it...

The Archangel
ES

Quote from Chood:

Ah, you are becoming wise, grasshopper. And what of the converse. Also true?

Converse. "Reversed, as in position, order, or action; contrary."

Chood · Jun 25, 2006

Quote from ElectricSavant:

Nah..I just like the pyramiding in...

Thanks. I am choosing the avg in b/c -- and this explains my tongue in cheek -- the last few trades I posted were premisely correctly in whole or in part, but were disastrous otherwise -- as in "when you're right, you're wrong."

ElectricSavant · Jun 25, 2006

Quote from Chood:

Thanks. I am choosing the avg in b/c -- and this explains my tongue in cheek -- the last few trades I posted were premisely correctly in whole or in part, but were disastrous otherwise -- as in "when you're right, you're wrong."