Ivan's Trade Thread, part II

btowntrader54 · Jan 13, 2009

Didn't work - got crushed. My GBPUSD short is working out great though, 250 pips per contract currently.

Ivanovich · Jan 13, 2009

Quote from downrivertrader:

Long EUR @ 1.3272.

Target 1.35

Stop - If we build value below 1.3259 I am out.

I think that's a bad idea in this market. Don't fight the trend.

Ivanovich · Jan 13, 2009

Quote from Ivanovich:

Long, USD/JPY 250,000 units @ 89.73 for return to 92 area as range begins to narrow. Stop @ 86.40

Scrapped the trade at a 3 pip loss (89.70) for a better entry position lower down.

Ivanovich · Jan 13, 2009

Quote from Ivanovich:

Scrapped the trade at a 3 pip loss (89.70) for a better entry position lower down.

Ugh...signal generated to re-establish the EXACT same trade. Just did it at 89.70. I acted in haste, it would seem.

Ivanovich · Jan 13, 2009

Small long, 35,000 units only on EUR/AUD @ 1.9745, looking for 2.

Stop @1.96

Just testing something.

Ivanovich · Jan 13, 2009

Quote from Ivanovich:

Small long, 35,000 units only on EUR/AUD @ 1.9745, looking for 2.

Stop @1.96

Just testing something.

Launched off the platform

Stop moved to break even.

davidmaria1 · Jan 13, 2009

If the ECB cuts their rate, as expected, this Thursday, how will it affect certain pairs? The AUD has lost considerable value vs. the Euro this week, I'm guessing based on data from Australia showing general economic weakness. So, if the ECB cuts, may we see a strengthening of the AUD against the EUR?

Ivanovich · Jan 13, 2009

The ECB will cut. That, I think, is baked in. The question is how much, and then what will Trichet signal?

Ivanovich · Jan 13, 2009

Quote from Ivanovich:

Launched off the platform Stop moved to break even.

This was stopped out.

davidmaria1 · Jan 13, 2009

Quote from Ivanovich:

This was stopped out.

Price hit 2. What was the objective?