Looks to be interesting for a possible short....
Looks to be interesting for a possible short....
The above post is personal opinion only, for investment advice consult a licensed professional who fully understands the value of trailing commissions.
My favourite scalping pair.
(using LinuxTroll's scalping method, see ForexFactory)
Anyone trading this pair today or last week???? I have been shorting it recently, talk about capitulation today, 250 pip loss today, of which the majority has come in the last 3.5 hours. Looks like the yen is back in fashion........ Watch the unwinding of the carry trade.....
I am short on the aud/usd long on the usd/chf
yeh there is a massive shift out of the euro against usd and the yen.
Mate the euro was up 6 at 4.30 in the afternoon come London open and its game on! thing really fell hard in the last two hours frighting i bet the scalpers are having a damed feast!
Got to love the FX supermarket!
I don't trade the euro/yen on IG as the spread is a little two wide for safe M$M$.
I think right now there is a massive flight into safer options.
Yeah, I only realised how far things had shifted at the London open, because when I reviewed everything at 4.30 pm SYD, everything was looking fine (well, relatively ok). It doesn't surprise me the EUR/USD is down significantly - the pair has run up so much lately and the bearish comments are flowing everywhere, it was bound to retrace a little bit.... Plus the 15 minute chart was beginning to show lower lows and lower highs - the 1.43 level will prove to be fairly heavy resistance now I would have thought.
Your x2 trades are looking nice - what's your target on the AUD/USD?
Potential attractive entry here on the EUR/JPY as a short......
Not quite sure how to export my chart out of my new Metatrader package, but using Fibo, we have retraced about 61.8% of last nights mighty move down..... I'm targeting 164.35 - 164.40........
The pair has yielded 50 pips so far, taken some profits in my short, .....
Anyone else trading the Yen pairs tonight?????
OK, slight backfire here..... glad I took my profits early, closed balance out once the quick move took place......
Volatile times here on the forex express......
Well, looks to me like those August lows could well be retested here.....
This pair is under extreme pressure at the moment and has now pierced through 160.46, the low back on 22nd.....
Would like to see a small bounce, but short is looking very sweet here....
Been both ways on this baby all day , marvellous action , still short bias , currently , but after the mammoth action so far ...... 159.48 for me .... stunned , need a cuppa to regroup after that . Expecting a decent bounce back from there .
Bounce in smoko ........ took up @ 160.15 peakish area for reversal
I achieved 159.0something haven't check yet , but the balance went up promptly , that was sufficient checking . But I feel like I just played 18 holes over two dead cat bounces ............... and I reckon below 158 will be tested yet too. Long way down todays shaft .
Terriffic bounce after hitting 158.80's .
The French Boss will be upset at todays action .
Last edited by ithatheekret; 12th-November-2007 at 11:09 PM. Reason: Joke
They're testing all levels on the cross today
Parachutes and helmets stuff
Approaching the 161.50 shakeup zone after a big seesaw .
There goes the fuse , remain seated , for the flight ..... ejection button ready
crikey 161.5 already .
That made it to 161.70 before turbulence . Note that spot .
I think it's a beaut trading cross . The volatility is everywhere , but there are distinct signs of textbook trading all over it's chart and a few footprints in the snow , not all elk and deer either . @ 161.27 , the gloves were taken off and the battle for 161.50 started . eachway bets from there as 161.7 is it suppose to be a barrier from hell , more so than 161.9 , that's where the indicators come in handy . 161.3 looks like a desired spot , that makes me wary . But go long and short , currently long off last trough .
Scalping all the way looks the go , averaging around 30 pips , but it's not a set and forget position , better to man the stations .........
But one can see why money traders are so ......... so , with all the movement . That's what really counts , it's moving . , just leave your emotions in the desk drawer take out the charts , squizzy the indicators and get a feel for it then ............ press buttons .
......... the time it took me to write this , was a twenty pip swing , with trades 161.7 to 161.5 and 161.5 to 161.70 . ( 161.75 again ) After that we see what is going to disturb the market , and remember that there is a high correlation between the equity markets and the EUR/JPY cross .
Now there's volatility for ya .
thef irst wave 161.7's all the way to a 161.15 overshoot , now tussling at 160.05 , will be breached .
... and talk about having to run down the platform to catch a train , can this thing move . With the supports and barriers being slogged out , with a few boots being thrown in . Yep it's going to breach below 160.
Jumped back in short on the EUR/JPY , could seek out 160.5