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

Back after a few hours and seems like EURO is doing the 4430-4370 2 step again .

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.
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Trichet is going to pump his chest and continue to wrangle a strong EURO front like he has ALWAYS done. This time will be no different, especially with world economy slowly moving back up. Maybe this will be the impetus to push EURUSD over that 4450 hurdle.
 
Quote from cabletrader:

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...
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It was successful trade..nice 17 pips.. wolfe waves don't appear often, but when there is a nice formation and the market sentiment favors the bullish/bearish trend of the wolfewave.. there will be a run up on the 5th wave :)
 
Quote from increasenow:

entered: 2:44pm CST
short 1 GBP/USD at 1.6997
stop: 1.7025
target: 1.6977
Trailing stop: 15

20 pip profit would be sweeetttt


adjusted my stop to: 1.7100 and target to: 1.6947...tstop: 15


went back and adjusted it back to original stop: 1.7025 and original profit target: 1.6977...tstop: 15
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lol, what did I tell ya, "....If you don't have confidence in your own ability then you're going to have problems executing trades, and letting them play out...."

If you'd stuck by your decision to move your stop you would have made 27 pips.

There would have been nothing wrong with moving your stop especially as the trade was more or less breakeven at the time, you could have easily closed part of it so that your % risk remained the same with a 103 pip stop as it was with a 28 pip stop. You would have made over 7 times more than you ended up making, and with the same risk!

Trading is a game of strategy, be adaptive and creative :)

Whooosh, right?
 
Sorry if the sound is a bit loud!


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GBP dropped about 130 pips in no time after the interest rate announcement this morning. I didn't catch any of it but it sure was fun to watch.
 
Quote from cabletrader:

Sorry if the sound is a bit loud!


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Great analyst, this is what he was saying on 12th June when Cable was 1.6580 and Eur/Usd 1.4097.......

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Quote from increasenow:

adjusted my stop to: 1.7100 and target to: 1.6947...tstop: 15
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well I wish I would have kept this...would have made +50 pip profit...since I adjusted back to the originals...I lost -28 pips...trade closed out last night...hmmm
 
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