EUR/USD & GBP/USD & AUD/USD Forex Trading

Quote from increasenow:

adjusted my stop to: 1.7100 and target to: 1.6947...tstop: 15
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went back and adjusted it back to original stop: 1.7025 and original profit target: 1.6977...tstop: 15
 
Quote from increasenow:

went back and adjusted it back to original stop: 1.7025 and original profit target: 1.6977...tstop: 15
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Every time you make a trade, get a handle for how much you want to loose from the trade and how much you want to gain (that you are OK with)

adjusting your stops just means you leave yourself open for it to get worse...

When I make my trades, I set my take profit, stop-loss, SET&FORGET! go outside for a walk, go for lunch, dinner, etc. come back to see what happened. if it hit my stop, it hit it, and i was ok with it hitting it, know what I mean?
 
Quote from cstfx:

yeah I have been playing the ranges (4370-4430) for the past 2 days and it has been holding. I kinda expected a little more retracement after the 3-day run-up but after watching this since Mon night, I think the base is in at those lows. I will be buying on the break of 4450 for longer than a scalp, maybe up to 4550.

I really wouldn't be short here other than a scalp.
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Wow, forgot. Tomorrow morn we get BoE and ECB statements on rates, expected to hold firm. This is gonna play havoc with the pairs tonite. Plus you got NZ and Aussie employment situation due. I am looking for it all USD negative.

I got to sleep so I can make it thru the tomorrow. I have noticed my days keep starting earlier of late; hope that changes in the fall.

Good trading everyone
 
Quote from increasenow:
entered: 2:44pm CST
short 1 GBP/USD at 1.6997
stop: 1.7025
target: 1.6977
Trailing stop: 15

for the GBP/USD 1.7000 is way to significant to stay there...look for huge retrace 'down'...for me...20 pip profit would be sweeetttt :p
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Quote from sakhter:

Boy are you going to be dissapointed..
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I guess it's going to depend on whether they mention anything about extending QE or not, it doesn't look like anything is priced in either way.

Edit: Oh no wait, I think his target's already been met hasn't it, if not the TS has kicked in....nice call increasenow!
 
Quote from cabletrader:

I guess it's going to depend on whether they mention anything about extending QE or not, it doesn't look like anything is priced in either way.

Edit: Oh no wait, I think his target's already been met hasn't it, if not the TS has kicked in....nice call increasenow!
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most he locked on that t/s is 1 pip lol

wolfe-wave set-up on gbpusd attached
 

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Quote from sakhter:

most he locked on that t/s is 1 pip lol
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1 pip, that's a good trade for me :D

1.6980, ah so close, but no cigar!

Watch out for those wolfe waves, it's a full moon tomorrow...
 
Quote from increasenow:

there has got to be a serious 'short set-up' in the works for the AUD/USD between the .8400-.8500 range..anyone seeing it?...get some news combined and this cross is heading 'south'...thoughts?
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I've been long since this morn. at .8422, stop below .8350.
Pair shows decent support above .8400. We'll see.
 
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