Ivan's Trade Thread, part II

Quote from davidmaria1:

The ECB is expected to cut their rate on Tuesday morning. Obvious volatility is expected at the release, but, like the prime rate here in the US, how much movement is already "priced in"?
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According to Bloomberg, interest rate futures suggest 50bp is priced in, with another 25bp cut expected in December.

The market moving event (assuming they do cut 50) is more likely to be what Trichet has to say at the press conference 45 minutes later.
 
Quote from cabletrader:

According to Bloomberg, interest rate futures suggest 50bp is priced in, with another 25bp cut expected in December.

The market moving event (assuming they do cut 50) is more likely to be what Trichet has to say at the press conference 45 minutes later.
More...

Thanks for the info from Bloomberg Cable.

Looks like we're about to resume a downtrend on e/j...

We seem to have have something kicking off on the charts as we speak...basically everything from 5 minute to daily is showing the beginnings of a new down leg. I think if we can just get a good breakdown going as a nudge it will keep going for a while.

Who really knows though with the market the way it is...
 
Nice action on EURJPY and EURUSD, and probably the GBP crosses too. ECB in 30 minutes and it seems to be interesting, along with US NFP employment figures tomorrow. Nice to see the service steady in this whipsaw action.

My entry timings are great, but my exits could be better here - too small profits for this kind of action. But better safe than sorry... :)

Things will calm down into the US RTH, hopefully with a nice daily trend. Tomorrow's NFP will probably be very dismal. This might set up for a nice Euro rally. EURUSD 1.2840 is sort of a "base" here.

Heh, I had some misfires earlier this session - 5-6 hours ago, then some nice scalps 3-4 hours ago, but the last hour the action is great and profits ripe. Even had some nice exits now, along with great entries -- both EURJPY and EURUSD trade nicely.

I chickened out of catching the limit on 125.60 for a long of roughly +200 - but I still think it's doable. ECB announcement in 1 minute now...
 
The next 100 minutes until the US open will be erratic, more of those whipsaws we have been seeing from before and intermittent the EU open.

I chickened out of the 125.60 limit buy, since I had already gotten a +50 short on the EURJPY - hehe, I gathered that if it was coming down, why not put my money on it. I think we can see a nice Euro rally forward when the calm settles in a little, although it will probably be quite an abrupt shift before a trend. Many scalpers might be sitting long at these dips, so some shaking may be prudent.

Trichet and ECB comments in 18 minutes... this is really a nice market right now. :)
 
Wish I could do this every time! Caught e/j right before a ~200 pip spike. Almost the dead top. Pure luck of course, but I always like posting those rare shots. ha ha

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Quote from davidmaria1:

I had breakfast with my son, instead.
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Gotta love that father/son quality time.

:p

Fatherhood.jpg
 
Quote from Reaver:

Thanks for the info from Bloomberg Cable.

Looks like we're about to resume a downtrend on e/j...

We seem to have have something kicking off on the charts as we speak...basically everything from 5 minute to daily is showing the beginnings of a new down leg. I think if we can just get a good breakdown going as a nudge it will keep going for a while.

Who really knows though with the market the way it is...
More...

I hope you were in it, that was a good call you made!

I think I'm done for the day, just leave a small Usd/Jpy so I'm in something!

Trichet on in a couple of minutes so I may hang around.....

~

11 trades, 10 wins +133 pips, 1 loss -1 pip, +132 pips

2dbkkky.jpg
 
Quote from cabletrader:

I hope you were in it, that was a good call you made!

I think I'm done for the day, just leave a small Usd/Jpy so I'm in something!

Trichet on in a couple of minutes so I may hang around.....

~

11 trades, 10 wins +133 pips, 1 loss -1 pip, +132 pips

2dbkkky.jpg
More...

Awesome trading Cable. Damn!
 
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