Ivan's Trade Thread, part II

[Reaver]

Looks like GBP/USD is taking off to the downside.

Looks like a lot of buying started hitting right around the 1.38 level. Not sure iof that was profit taking after the spike or what....but that was a nice little spike we had there.

I went short at around 1.3910 or so, and hopefully this down move is a sign of things to come. ha ha

That quick rejection makes me a little fearful of a reversal, however.




Ivan, would you mind offering insight into your short trade on AUD/USD?

Thanks.

 

[Ivanovich]

Quote from davidmaria1:

Think it will pull back to around the 0.6540 before dropping?

Not really, no.

 

[davidmaria1]

I see that

I took a short at 0.6493
Had a s/r line at 0.6475,

 

[btowntrader54]

Quote from davidmaria1:

I see that

I took a short at 0.6493
Had a s/r line at 0.6475,

Are you concerned with the consumer sentiment figure coming out in 15 mins?

 

[Ivanovich]

Quote from SchraderTrader:

Are you concerned with the consumer sentiment figure coming out in 15 mins?

You think the consumer sentiment number is going to be fantastic?

 

[davidmaria1]

Quote from SchraderTrader:

Are you concerned with the consumer sentiment figure coming out in 15 mins?

Ummmm.....depends what it does to any profits. Ha

 

[Ivanovich]

Quote from cabletrader:

Fantastic, I bet the air's cleaner than it is in London!

heh...muppet

 

[increasenow]

Quote from Reaver:

Looks like GBP/USD is taking off to the downside.

Looks like a lot of buying started hitting right around the 1.38 level. Not sure iof that was profit taking after the spike or what....but that was a nice little spike we had there.

I went short at around 1.3910 or so, and hopefully this down move is a sign of things to come. ha ha

That quick rejection makes me a little fearful of a reversal, however.




Ivan, would you mind offering insight into your short trade on AUD/USD?

Thanks.

get a 10 year GPB/USD chart out...man this pair looks like it is going to 1.3500..agree?seriously..what could really booster the GBP/USD upward at this point?seems only USD weakness would do it and not GBP strength...but the USD is too strong..so..see ya at 1.3500!!!

 

[davidmaria1]

Quote from davidmaria1:

I see that

I took a short at 0.6493
Had a s/r line at 0.6475,

I had moved the stop near breakeven, taken out +2

 

[btowntrader54]

Price hit very strong resistance from a horizontal scalp line and the 25x5 DMA at ~1.9920. The price has hit and declined three times in four days and eight times in the previous four months. Next level of support is 1.9515.

Stop around 1.9930.