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

[inks2002]

Quote from increasenow:

short 1 GBP/USD at 1.6415 at 12:47pm EST (real)...50 stop-10 profit

so now you are risking 50 to get a 10 pip profit?

 

[Ivanovich]

Short EUR/USD @ 1.4120 100,000 units. Stop @ 1.4155. Profit open. Wide open.

 

[T-Bone Trader]

Quote from Ivanovich:

Short EUR/USD @ 1.4120 100,000 units. Stop @ 1.4155. Profit open. Wide open.

Looks good for a 100+ pip rally going into tomorrow's session

I see where you see OB levels - but it's just a pullback to hit support levels

 

[cabletrader]

Quote from T-Bone Trader:

Looks good for a 100+ pip rally going into tomorrow's session

I see where you see OB levels - but it's just a pullback to hit support levels

Ha, that's where I've got sell orders, around 1.42/1.4220!

Where do you see support, mid/low 1.40?

 

[T-Bone Trader]

Quote from cabletrader:

Ha, that's where I've got sell orders, around 1.42/1.4220!

Where do you see support, mid/low 1.40?

Not too sure about where I see support on the EUR but I'm starting to build a position in the GBP to sell at the 1.7 area

 

[Ivanovich]

Quote from T-Bone Trader:

Looks good for a 100+ pip rally going into tomorrow's session

I see where you see OB levels - but it's just a pullback to hit support levels

I'm not looking at OB levels at all. I'm looking at a downtrend from months ago.

 

[millionaire7]

I trade EURJPY exclusively. Good price movement and volatility.

Quote from increasenow:

does anyone trade a cross rate exclusively?...only focusing on one?...I am thinking that may be the best route to go?...anyone agree?...if yes, which one do you trade?

 

[Ivanovich]

Here. You made me log into my fxgame account just for this. Bleh.

 

[T-Bone Trader]

Quote from Ivanovich:

I'm not looking at OB levels at all. I'm looking at a downtrend from months ago.

According to your charts, there is a slight ascending uptrend from June 12 and it looks to be attempting an upward triangular breakout

...just the way I see your chart

 

[ddaytrader]

Quote from T-Bone Trader:

According to your charts, there is a slight ascending uptrend from June 12 and it looks to be attempting an upward triangular breakout

...just the way I see your chart

perhaps a trendline that started over a year ago trumps a trendline that dropped its first anchor a mere month ago? Also, Ivan's his risk/reward is excellent, in that he has, if I read correctly, about a 35 pip risk, while the downside, should the downtrend be resuming, has plenty of daylight in which to run.

... just my thoughts