any blockbuster forex trade setups?

[Chood]

Bottom picking is not my forte, but I've added to my AUD longs today, making 3 near-month futures at avg in .7307, stops tight either side .7205. Reason? Compare AUD (and NZD) on June 30, 2004, then the next day, namely after bubble of expected hawkish Fed burst by actual FOMC annoucement.

Quote from Chood:

Now, if only the global community of FX mini-account holders would long AUD. Or at least enough of them to keep it trading my side (north) of .7340.

 

[Chood]

"Those who cannot remember the past are condemned to repeat it."

George Santayana, 1905.

Does this apply to expectations undone in markets, including for hyper hawkishness on inflation?

 

[Chood]

Thanks, Mr. Santayana.

 

[bl33p]

Quote from bl33p:

Short dollar at peak after jun 29 fomc announcement.

Hope everybody did well, short usd-jpy gave easy 100 pips or more.

 

[WaveMaster]

Quote from trc49492:

Looking for a really nice setup.. from a large price pattern with very good risk reward ratio...

According to my analysis there is a good long term selling opportunity brewing in the EUR/USD that should be worth 500 + pips.

 

[Chood]

I may sell these puppies today, on theory that profit-taking next week may allow AUD longs to be re-established below .7400. Smash-and-grab target (meaning today) anywhere above .7449.

Position above water as much as 137 ticks from avg in, max drawdrawn 45 ticks from avg in.

Quote from Chood:

Bottom picking is not my forte, but I've added to my AUD longs today, making 3 near-month futures at avg in .7307, stops tight either side .7205. Reason? Compare AUD (and NZD) on June 30, 2004, then the next day, namely after bubble of expected hawkish Fed burst by actual FOMC annoucement.

 

[Chood]

Light, holiday volume today's session may create frothy price action which pierces my smash-and-grab ("take it and run") number Friday, .7449, but I won't take it now, waiting instead solely for chance to add to AUD longs at or below .7400. Patience play. 300-tick home run the goal.

 

[Chood]

Get all you want down here. I've added two, boosting position to five longs, stops for all at avg in for first three.

Quote from Chood:

. . .waiting instead solely for chance to add to AUD longs at or below .7400. Patience play. 300-tick home run the goal.

 

[Chood]

Futures volumes amazingly light, presumably because of payrolls in the morning. Any other reason?

 

[Chood]

So far, so good.

from June 22nd --

Quote from Chood:

At the risk of inviting any pro’s 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. I’ll 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.