LiveFX Trades/Setups

[billyhunt]

Good Morning - nothing Major overnight EUR fell but JPY weaker again so unfortunately did not get the full benefit from our EURJPY short.

You can see my stops worked like a treat - a bit close though, only 1 pip difference on the two upgrades Underlines the technical set ups in some of these crosses. The point being it took the stress outt he key to any good trading plan.

Have jsut covered the position here at 143.02 - giving us + 31 pips - a bit of patience was required on this one.

 

[billyhunt]

Just a few trades today - EURJPY from overnight and a few spit trades - unfortunately just a few pips shy on the big drop and the reversal

Have a great weekend
.
Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

02/03/2006 10:12am Forex Sell AUD/USD 0.7479 0.7474 0.7488 0.0009 No Impulse Up
02/03/2006 09:20am Forex Sell EUR/USD 1.1984 1.1988 1.1988 0.0004 Trailing Stop
02/03/2006 08:25am Forex Cover EUR/JPY 143.33 143.23 143.02 0.31 Close ahead of release

 

[billyhunt]

It is Monday Morning after a Super Bowl. We have Iran and the rest of the world getting jumpy. US bid across the board again today. Stops beckon below. MM at lower grid so needs break of stops to recalculate. EUR-USD 240 allows for significant room below - as does USD-CHF to topside. Seems plenty of room with Friday’s IMM showing net spec long position as of last Tuesday (36,382 contracts) was only 1k. Also the break up level from the start of the year comes in at 1.1965 and is also the 100-day moving average.

Next support at 1.1925 and 1.1780. That is the downside for swings upside key Murrey remains 1.2026 & 1.21017

Am short 1.1979 with tight stop at 1.1986 bid given where we are Gann/Murrey wise in short term.

 

[billyhunt]

Quote from billyhunt:

It is Monday Morning after a Super Bowl. We have Iran and the rest of the world getting jumpy. US bid across the board again today. Stops beckon below. MM at lower grid so needs break of stops to recalculate. EUR-USD 240 allows for significant room below - as does USD-CHF to topside. Seems plenty of room with Friday’s IMM showing net spec long position as of last Tuesday (36,382 contracts) was only 1k. Also the break up level from the start of the year comes in at 1.1965 and is also the 100-day moving average.

Next support at 1.1925 and 1.1780. That is the downside for swings upside key Murrey remains 1.2026 & 1.21017

Am short 1.1979 with tight stop at 1.1986 bid given where we are Gann/Murrey wise in short term.

No follow through got down to 1.1873 - stop at 1.1885. - 7 pips

 

[billyhunt]

Well the euro went where I wanted - too type stops today on the shorts earlier.

Have reached my first target.

Have gone long here on the Fulcrum - -2-8 Spit at 1.1948 - raised stop to 1.1952 offered.

First target is 1.1963-5 - break down level of previous low

Stops tight as still much rooom below medium term.

 

[billyhunt]

Out at trail at 1.1958 got to min target and hit tightened trail medium targets from this morning now in play from this morning.

Profit + 10

Flat as we right at lunch here

 

[billyhunt]

Today was very thin for a Monday even - unfortunate on our Euro shorts getting spike stopped before each decline - but that is trading

Am still open EURCHF per the position keeper.

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis
02/06/2006 01:28pm Forex Sell EUR/USD 1.1948 1.1943 1.1958 0.001 Trailing Stop
02/06/2006 11:20am Forex Cover EUR/USD 1.1973 1.1982 1.1982 -0.0009 Stopped Out
02/06/2006 11:17am Forex Short EUR/CHF 1.5572 1.5585 Murrey +2/8 (F)
02/06/2006 10:19am Forex Cover EUR/USD 1.198 1.1986 1.1984 -0.0004 Stopped Out
02/06/2006 08:04am Forex Cover EUR/USD 1.1979 1.1986 1.1986 -0.0007 Trailing Stop

 

[billyhunt]

The EURCHF trade from yesterday (short at 1.5572) off the +2/8 and retest of the December topping has mworked down for us to 0-8 and tests the 240 m 50 this is the key to a bigger move as it would signal this is indeed a swing correction.

In this would of UN/Iran talk I need to bring my stop down to correct our short term gain we trade 1.5549/51 as we speak. Bring your stop down to 1.5559 bid.

Have a great day

 

[billyhunt]

Some nice set ups with some early exits. News starts flowing again tomorrow so perhaps bigger ranges.

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

02/07/2006 12:58pm Forex Sell EUR/CHF 1.555 1.5544 1.5543 -0.0007 Trailing Stop
02/07/2006 11:34am Forex Sell EUR/USD 1.1947 1.1946 1.1966 0.0019 50 ma (F)
02/07/2006 11:33am Forex Cover USD/CHF 1.3023 1.3023 1.2995 0.0028 50 ma (F)
02/07/2006 10:52am Forex Cover EUR/CHF 1.5572 1.5557 1.5559 0.0013 Trailing Stop
02/07/2006 08:52am Forex Cover EUR/USD 1.1986 1.1992 1.198 0.0006 80/20 Spit (F)

 

[billyhunt]

Been a steady day as the Euro continues to work off the +2-8 on the 240 we have been watching inside a discernaibnle pennant and reinforced off 50 ma's. First target was achieved with ease and we went to 3-8 zone at 1.1924 - 400 pips so far off the MML swing short.

On an intrady basis what has worked well in the Euro is shorting off 4-2 counted zones and buying off -2-8 confluence picks.

Expect some action once the pannant gives way - look for the spit of a spit thereto.

See the EURO 240 +2/8 Grid Chart: