Baruch's Forex System Journal

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Phew. Things are really bookin'! I don't have any positions on because I had a few things to take care of, and I'm not sure I want to enter any positions now; that whole fear of coming in too late is rearing its ugly head. Oh well. There are TONS of great trades out there; by the looks of the chart, damn near every pair I looked at (19 or so) has a viable trade that I could see.

Steve
 
Quote from Baruch:

Well, Barron's also says that PPI is the most important data today because of the higher prices for metals and energy.

I think Barron's Economic Calender is the best of all - and its free. But it only mentions US reports.
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Barron's has 0,3% (range: 0,2 - 0,6) in consensus for PPI , and 0,2% (0,1 - 0,5) for PPI ex-energy.
 
don't you lower the stop at some point?

I was up a little in EUR + GBP but gave it back scalping AUD

am slightly long mini gold ...

I am upset ... made 4 ticks ( pips) in Eur earlier tonight

close to the highs ... if I only had stayed short

going to sleep now

zzz

take care
 
Quote from SteveL91:

Phew. Things are really bookin'! I don't have any positions on because I had a few things to take care of, and I'm not sure I want to enter any positions now; that whole fear of coming in too late is rearing its ugly head. Oh well. There are TONS of great trades out there; by the looks of the chart, damn near every pair I looked at (19 or so) has a viable trade that I could see.

Steve
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Hi Steve,

Tons of great trades?! Sounds good. Please mention the best two or three of the greatest.
 
Quote from SethArb:

don't you lower the stop at some point?

I was up a little in EUR + GBP but gave it back scalping AUD

am slightly long mini gold ...

I am upset ... made 4 ticks ( pips) in Eur earlier tonight

close to the highs ... if I only had stayed short

going to sleep now

zzz

take care
More...

Hi again,

Yes, I move the stop. It's + 20 pips. You are LONG Gold?!! Why?
 
We could maybe have a surpise here today.

According to Barron's consensus: - 0,2.

But with a big consensus range: - 0,9 to + 0,6.

Prior:

March: + 1,8
Feb: + 1,0

I suppose a big (positive) surprise number will be bullish for dollar (inflation/rate hike). I would not short the american consumer! But who knows?
 
Quote from Baruch:

Hi Steve,

Tons of great trades?! Sounds good. Please mention the best two or three of the greatest.
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Aww, jeez. Way to put me on the spot! :D

I really have no way of quantifying which are the best, but I'll toss out a few that I was looking at.

There's always a chance that the bulk of the move has already been made from the time I jotted down my notes and now, but:

short EUR/USD
long USD/JPY
short GBP/USD
long USD/CHF

A pretty common theme seems to be long the USD and short the yen.

FWIW, I decided to take a shot at EUR/USD, USD/JPY, GBP/USD. Not sure how long I'll hold them, but we'll see....

Hopefully, I won't be tarred and feathered if I'm wrong. :confused: :D

Steve
 
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