My real time forex trades

Quote from TMcKenna:

Long usd/nok at 6.0147, fairly big lot $6/pip, will add more below 6.00 if seen
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Holding this usd/nok long here, its very close to b/e, I don't need lots of pips here, 100 for example would be fine, I might get it tomorrow if I'm lucky

:)
 
Quote from TMcKenna:

Long usd/nok at 6.0147, fairly big lot $6/pip, will add more below 6.00 if seen
More...

Closed this trade now at 6.0684 for +537 pips

Very happy, I was ok with 100 pips, but this? I am glad I didn't wake up earlier to close it too soon, as I always do :cool:
 
Quote from TMcKenna:

Shorted one more lot at 162.22 just now.
I expect preassure on all yen crosses, especially next week.

Average short 161.91
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Closed this eur/jpy short at 161.74 for +17 pips.

After the usd/nok windfall, I don't really care very much about eur/jpy
 
All positions closed, sitting on 100% cash. Looking for the next idea, this is usually the time to screw up and give back all the profits, so I'll try to be careful.

I posted the above paragraph for my own record, I will also print it and glue it to the desk.
 
Quote from TMcKenna:

Closed this trade now at 6.0684 for +537 pips

Very happy, I was ok with 100 pips, but this? I am glad I didn't wake up earlier to close it too soon, as I always do :cool:
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I had a look at the USD/NOK hourly chart after you posted this. The movement was definite and pronounced and took place over the course of several hours. Someone big selling their kroner, like a bank? It was interesting to watch. Who says price is random?
 
Quote from stevegee58:

I had a look at the USD/NOK hourly chart after you posted this. The movement was definite and pronounced and took place over the course of several hours. Someone big selling their kroner, like a bank? It was interesting to watch. Who says price is random?
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I was thinking about that as well, could be Norske Bank, they already complained before and warned that kroner levels below 6 and god forbid close to 5 would be devastating for their exports. Interest rate differential still keeps the dollar fall in check, for now...
Watch carefully if it dips below 6 again, I might buy it again.
 
Quote from TMcKenna:

I was thinking about that as well, could be Norske Bank, they already complained before and warned that kroner levels below 6 and god forbid close to 5 would be devastating for their exports. Interest rate differential still keeps the dollar fall in check, for now...
Watch carefully if it dips below 6 again, I might buy it again.
More...

A fellow on another message board said that every month 500 - 800 M NOK are sold for the national pension fund. Very interesting if true. I can't believe they'd tip their hand like that.
 
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