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February Forex and beyond

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Captain
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Posted: #226
NZD finally took out 69....
 
Covers Linesmen
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Posted: #227
A few words from Bernanke and the USM and Forex markets get tossed around like a boat in the ocean..


 
Covers Linesmen
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Posted: #228
Long lb.yen at 137.60

Looking for 200 pips here..


 
Covers Linesmen
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Posted: #229
Also long Eu.Yen at 120.6

Retrace to congested resistance could net 100, looking for 110 on that trade.
 
Captain
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Posted: #230

Looking at the dollar index its just had a DI cross to the upside with the RSI at 47 stochs trending up on the monthly....as i mentioned b4 the shorter term charts showing a pullback should be happening now though...the monthly often contradicts the weekly chart so just lean toward the longer trend...UP

Getting beat up in JPY but i wont dip again until i see 8850...also in a shrt of AUD/NZD...got a better entry by 50 pips than what Matt called out in his video blog....looks like ive nailed the top[for now]im in at 12915,its been trading a 10 pip spread since i got in..highest the RSI has been on the daily since last March when it fell from 129 to 120

If you guys got time go check the forums over at daily fx...check out the Elliott Wave thread and look back at Brads posts this guy is a good trader and is currently shrt Cad/Jpy hes up 150 pips and his target still 800 pips down from here...he recently closed a shrt of EU/$ for over 1000 pips....

 

 

 
Captain
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Posted: #231
That EU/JPY chart is beyond nasty...looking at all charts 4hr daily weekly just looks like it in for a nasty slide all the way to 112....although you in right at the low that was put in earlier this month so you prob get your bounce...but wow thats ugly
 
Covers Linesmen
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Posted: #232
buck,

All the short YEN charts look bad, last night was ugly for sure.

I think the demise is this Greece issue...
 
Covers Linesmen
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Posted: #233
Out EU.AUD, had a limit set this time and it hit..made 120 pips.


 
Captain
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Posted: #234

Yeah there are some sick charts out there....on the data release experts over at dailyfx are looking to short AUD here and target is 86...about 250 pips away so look to short this pair....they also like longs of $/Cad.....still holding my short in AUD/NZD up 50+ pips but this pair sucks on price per pip...looking for a bigger move here gonna hold for now...

Also i mentioned Brads trade hes short GBP/JPY not Cad/JPY...and hes now up over 300 pips

Wath and trade the data releases with experts and its free....theyre up 50 pips in the short they entered just 20-30 mins ago

 
Captain
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Posted: #235

NICE WALL

 
Covers Linesmen
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Posted: #236
buck,

I dont like a AU short to that level..in fact all we need is a USM reverse this morning and she is off to the races.

The AU is too strong economically speaking for me to risk shorting for very long.

So Bernanke is looking into Goldman and Greece use of swaps..VERY VERY interesting..of course they did and GS should be handcuffed.
 
Captain
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Posted: #237

IDK Wall AU did just cross on the daily this week looks like 86 next target to me...stochs turned over at 87@88 and have some space between them...RSI was rejected at the 75 line...momentum indicator turned down and gapping....

Ive set a stop on my AUD /NZD trade to take just a few pips profit just in case it turns around on me...itll have to run up 50 pips to hit now,i dont wanna be stuck in 3 trades

 
Covers Linesmen
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Posted: #238
buck,

AU weakness= USM weakness and commodity weakness.

Watch the markets and the AU will follow.

Now when/if the FED starts raising rates, the AU probably deserves to fall to 80 cents and lower..
 
Covers Linesmen
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Posted: #239
Man I am leaving a ton of pips on the table on that EU trade..

geez...
 
Captain
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Posted: #240

https://www.dailyfx.com/forex_rates/

 

Page with all the live rates....

 
Captain
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Posted: #241
Yeah Matt was looking for a large bounce..the last trade was good for 1200 pips total...
 
Covers Linesmen
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Posted: #242
I love Delta, they have a list of all their pairs which are interactive and you can click and fill also with level II..

These USM bounces are shallow..seem to follow with selling pressure, lets see if they rescue them into the afternoon or make lower lows.

The AU isnt bouncing much at all..you could be right about where it goes, ESPECIALLY if the Greece issue gets muddier.

I tend to think that the proper instrument to short the AU is the AU.Yen since the Yen is stronger than the USD right now..
 
All-Star
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Posted: #243
strong reversal on the on the Aud usd off of the 50% fib line  


 
Captain
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Posted: #244

I am long 1 unit of EURAUD at 1.5280 with bids for 2 more at 1.5242, and stops for all 3 at 1.5189. Take profits are at 1.5375, 1.5400, and 1.5425

Thats from the strategy of the day at forex.com.......looks like everybody is on this pair

 
Covers Linesmen
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Posted: #245
That is too tight buck...

All you need is a bounce in the Asian markets and you are cooked.

Looking at the charts, barring some Greece news you WILL get called out on that stop...


 
Captain
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Posted: #246
Im not in that trade its his words from "strategy of the day".........im still holding AU/NZD from this morning...
 
Captain
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Posted: #247
US GDP data release at 8:15 am tomorrow...this should be $$$$$$$$$ maker
 
Captain
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Posted: #248
AU/NZD just crossing on the 4hr...................giddy up
 
Covers Linesmen
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Posted: #249
Now are you short that pair?

I think the AU bounces tomorrow..especially if the phony GDP numbers are massaged.

And are you long the EU.AD?

My EU.YEN looking decent, I think I get my sell tomorrow, I have it set for 121.70. I am at my average in the LB.Yen with a few little averages..it is nice to be out of that EU trade, it was a little bigger than I like to have.
 
 
Captain
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Posted: #250

I only posted what the trader at forex.com put up for his strategy of the day on EU/AD....

Im short AD/NZD...i thought i posted my entry in here...short at 12915...

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