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

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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I missed it by a 'pip'...the adjusted levels would have been sweet considering the GBP/USD 'tank'...would have been +50 pip profit...back to the drawing board...
 
hey guys...do any of you live, trade from, Europe?...I think CableTrader lives in Europe?...just curious...I think we be pretty much all US based Forex traders here? no?
 
9:26am cst
short EUR/USD at 1.4347
stop: 1.4377
target: 1.4332

9:31am cst
short GBP/USD at 1.6805
stop: 1.6850
target: 1.6790

...looking very bearish on the 5 minute chart...
 
Quote from increasenow:

took a -30 pip lose on this trade...still in the GBP/USD trade...not fun :(
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You are chasing trades. Take a little more time to find your setup entries than trying to get in on a fast moving trade. There's an old phrase : "don't stand in front of a moving truck and don't try to jump on a runaway train." Either way you are probably going to get hurt. If you are going to play this fast moving market days you need to have wider stops. But more importantly, better setups.



cabletrader:

nice links to the videos. Around when does he appear on the program daily? Does he appear daily?
 
Quote from increasenow:

10am CST
short GBP/JPY at 160.51
stop: 161.51
target: 160.00

4 hour chart looking heavy...downside expected...
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got the +15pip profit on the GBP/USD trade...yee haw!!!...still in the GBP/JPY trade and currently 'looking good'...
 
Quote from cstfx:

You are chasing trades. Take a little more time to find your setup entries than trying to get in on a fast moving trade. There's an old phrase : "don't stand in front of a moving truck and don't try to jump on a runaway train." Either way you are probably going to get hurt. If you are going to play this fast moving market days you need to have wider stops. But more importantly, better setups.



cabletrader:

nice links to the videos. Around when does he appear on the program daily? Does he appear daily?
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thanks CSTFX...appreciate this...thanks...
 
Quote from cstfx:

If you are going to play this fast moving market days you need to have wider stops. But more importantly, better setups
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exactly...I am learning...

1-gonna need much larger/wider stops
2-it seems to be more important to understand how much willing to 'lose' rather than 'win'...
 
Quote from cstfx:


nice links to the videos. Around when does he appear on the program daily? Does he appear daily?
More...

They used to do currencies at around 1.15am EST with various analysts but they stopped doing it at a regular time now, that one today was just after the MPC.

There were a few good analysts on there, Steve Pearson (chief currency strategist HBOS), Jeremy Stretch (senior currency strategist Rabobank), but I don't see either of them on there any more, Hans-Guenter Redeker (chief FX strategist BNP Paribas) is about the only one left who's any good.

I guess these are the guys who move the markets and have the information flow, I've traded off Redeker's analysis before as it's just so accurate, he called a top for Eur/Usd at 1.60 back in April '08.
 
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