Ivan's Trade Thread, part II

Markets will be volatile all week long and possibly well into next week with more numbers, international diplomacy and the US election.

However, there were many good setups involving the Yen today, and very "civilized" trading - just adjusting to the right timeframe and it was all wonders. 1-minute on EURJPY and 5-minute on the other majors - that made it fairly "easy to sync", read and anticipate the action.
 
EURJPY is very well behaved now, surprisingly so - and that is probably a good indicator that some better liquidity is in place in the market. Support and resistance levels seem like they are quite easy to get right now.
 
Market action is moving as anticipated, price is going up and down as buyers are buying and sellers are selling, and buyers are selling and sellers are buying. Buy at support and sell at resistance.

Hope that helps

:cool:
 
Up early. Had some light snow overnight. Should probably buy my ski pass before the price goes up....

BTW

Hey Cable,
Thanks for that f'n heart attack on the EUR/AUD!!!
Big volatility, huge swings.
That may not be for me! Maybe.:)
 
Quote from davidmaria1:

Up early. Had some light snow overnight. Should probably buy my ski pass before the price goes up....

BTW

Hey Cable,
Thanks for that f'n heart attack on the EUR/AUD!!!
Big volatility, huge swings.
That may not be for me! Maybe.:)
More...


Oooops sorry, did I forget to mention use w....i....d.....e stops on that pair, hehe :D
I usually average in with smaller trades, risk remains the same but it allows it plenty of room. Technically it can be very 'correct', and with the speed it moves the pips are there in seconds sometimes.

Snow here in UK too, must be Xmas coming......
 
EUR/AUD

Closed the trade at 1.9530. It may go lower but 15-plus hours was way too much for me. Plus 101 pips, price touched a support line. I'd like to say I had a REAL method for that trade, like "I saw the bacondoubledoji mushroom cloud formation....

Cable,
Thanks again for that electronic cocaine
:p
 
Quote from davidmaria1:

Had some light snow overnight

Thanks again for that electronic cocaine
:p
More...

Oh, that kind of snow, I thought you meant the fluffy type flakey stuff :D

Was that 'bacondoubledoji mushroom' (lol) the magic type?
 
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