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

Ivanovich · Jul 15, 2009

Quote from ddaytrader:

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

Yep.

increasenow · Jul 15, 2009

Quote from increasenow:

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

whew and wow and wow....at 8:52pm EST finally got filled at 1.6405 for a 10 pip profit....this was a great learning trade for me...the longest forex trade I ever took...it did not get stopped out and hours and hours later...filled!!!!! for a profit!...learned mega lesson about self-control in trading than ever before...very thankful...I am on my phone but wanted to note this...best trading to you all

cstfx · Jul 15, 2009

This CIT news is proving to be somewhat of a kick in the balls to the financials and is probably going to be a drag on the currencies for the next 12 hours. Probably due for a nice correction from the past few days, especially when Europe opens.

ddaytrader · Jul 15, 2009

I just shorted EURJPY 132.50, with buy limits at 131.95 and 131.40, stop loss is 133.15.

We'll see how my account looks in the morning.

masut · Jul 15, 2009

Quote from ddaytrader:

I just shorted EURJPY 132.50, with buy limits at 131.95 and 131.40, stop loss is 133.15.

We'll see how my account looks in the morning.

good job.

Any pin bar at 4h there.

achilles28 · Jul 16, 2009

Quote from increasenow:

yes, it was...and got the 10 pit profit...very thankful...any trading for you today?

kinda wondering how many feel this 40-10 risk/reward ratio is too risky?

Can I give you a tip?

cabletrader · Jul 16, 2009

Quote from ddaytrader:

perhaps a trendline that started over a year ago trumps a trendline that dropped its first anchor a mere month ago?

How about the golden cross?

ddaytrader · Jul 16, 2009

Quote from ddaytrader:

I just shorted EURJPY 132.50, with buy limits at 131.95 and 131.40, stop loss is 133.15.

We'll see how my account looks in the morning.

First target hit for +55 pips, second half stopped at break even on that spike after the JPM earnings.

Came within 22 pips of the second target.

Not bad a bad night, given I slept through most of it.

ddaytrader · Jul 16, 2009

Quote from cabletrader:

How about the golden cross?

I don't know, Cable. I do not use those MA's. I tend to place more emphasis on S/R, Highs & Lows, trendlines, etc.

cabletrader · Jul 16, 2009

Quote from ddaytrader:

I don't know, Cable. I do not use those MA's. I tend to place more emphasis on S/R, Highs & Lows, trendlines, etc.

I don't use them either, I'm a scalper

I see price bounced nicely off mid 1.40 for a little rally up ~80 pips, would have been a nice trade for someone.