Ivan's Trade Thread, part II

I am certainly no master and just got back into FX a little for some fun after doing a long period of entrepreneurship again - which is also tiring in its own sense. So, just a little diversion and fun for me right now. I get lucky some times, and maybe try more to analyse than trade really. I've just been scalping and trading again for about 2 weeks now... otherwise I just move my base currency.
:p

My long trades are +276pips on EURJPY and +46pips on EURUSD - but shooting for 1000-2000pips and 500-1000pips respectively.
 
Quote from davidmaria1:

Diversion, fun, lucky. :confused:
More...

Yes... just lucky I guess.

The EURJPY trade is now roughly +640pips but has been +700pips ... and the EURUSD trade is now roughly +190pips but has been +210pips...

My preliminary goal for the EURJPY is 145 and for the EURUSD it's 1.45 - that also implies that I think the EURJPY should go higher since USDJPY will not stay completely still, and that's why I said potentially 1000-2000pips target for the EURJPY. However, there comes a level where I need to evaluate how the JPY will relate to the USD for the longer term, and that is something I am starting to look into.

Seems like the luck is still there; gotta rub the belly on a Buddha statue or something... hehe, better pay my respects.
:D
 
Quote from davidmaria1:

Actually, a solid 19 cents. $0.19.
I have to go to work. Check back later.
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That's great! If you're still trading 50 units 50-odd pips is good, and at least it's real money!

Only you know whether you're executing your plan and doing everything 'right'.......:)
 
Well,
as the currency markets got involved in the turmoil - repatriation effects and all - it also became obvious that there were some really good trades to be made. A nice coincidence that the consulting business for my part was more calm just after the summer and all with regards to finished projects, but it is beginning to pick up more again. It would be nice to a project for the financial sector, instead of all the public sector projects...

Right now, the Euro is tame and trading is just choppy and anaemic ... not really fit for scalping, also with the strengthening of the EURJPY maybe some struggle needs to set in before it gets more energetic again. I hope for that during the US RTH... it seems sentiments have started to shift back somewhat, but we really need to see what effects are evident after the latest actions.
 
Short USD/CHF at 1.1282-stopped out at 1.1301. -19.
Tried to pick a top. 30 and 15 min charts were showing me I was wrong, still took the trade, too early.
 
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