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Schools out for[ex] summer....June edition

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Captain
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Posted: #426

EU,AU and LB were all good shorts after open...all look to be setting up for crosses...they may reject when they get there but they were good sells,and im stuck in this POS...

Hope the EU does cross and sink to 12150 or so maybe ill get out...see you guys in the afternoon

 

 
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Posted: #427
wow these charts are interesting.  buck when u asked about chf chart last week i was gonna say i think 108 is in the cards if it doesnt pop up before it. that chart is looking like a good long.  the gbp/usd chart is looking like a good short also. I was gonna place an order for gbp usd last night @ 151 which looks like it woulda been a good price. 

Im gonna have to go over these charts and see where i can get it on them.  
 
Covers Linesmen
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Posted: #428
Well risk sold off here even with a flat market..nothing severe although you could have nailed 100 pips on an EU short.

The LB continues to be strong..the Lb.Yen chart looks like a monster since the bottom on the 24th.


 
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Posted: #429
ok short GBP/USD here @ 151 
 
Covers Linesmen
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Posted: #430
papa,

That chart is a monster, you are fighting a 700 pip move in less than a month.

I dont see resistance for another 300 pips on a daily chart.


 
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Posted: #431
lol ya i was just looking over this chart too and thinking i might be jumping in front of the train not on it.  153.40ish and 154.80ish would be the stopping point. 

Im trying to get a grip on what the market is thinking with these european pairs rising.
1.  do they think the problem is contained AGAIN  ?
2. their currencies need to go down so that they make more profit from sales, do they believe the rest of the world is just as screwed too. 
 
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Posted: #432
i closed both of them out. if it gets to 152 ill get interested and if it gets to 153 on jumping on the tracks. 
 
Covers Linesmen
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Posted: #433
papa,

Exactly..

They are thinking the worst might be in the rear view mirror and that the pairs are heavily shorted..so the risk of issues is reduced and the damage economically is as well, thus the currencies are in better standing.

That is the EU and LB especially, I see the AU still weakening..not performing as a leader, probably because commodities are going to be softer going forward and the higher Chinese currency might mean issues for Australia.
 
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Posted: #434
well i scalped the gbp/jpy at 135.20 for a few pips, hit n run trade. 
 
Captain
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Posted: #435

She might push higher here but id have no prob shorting and adding if need be...we all know theyre running the market when it should be falling....RSI on the daily highest its been since October when she shed 1100 pips from 1.69 to 1.58..took month and a half but the tech levels are what im looking at..GBP now above 61.8 retrace of last move by almost 100 pips...

Thats all we can do is trade techs or gut feeling depending on the markets..CHF was at a key fib level and she broke down through it.,..10840s dont hold i dont see anything until 10580s...

 
Covers Linesmen
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Posted: #436
Contra Yen pairs just took a dive..
 
Rookie
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Posted: #437
ya i just noticed that too what happened ??

 
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Posted: #438
only thing i seen was japan unemployment rate was 5.2 % 

5.2% is pretty damn good though lol 
 
Covers Linesmen
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Posted: #439
Thats all I saw too..just the employment number.

The US pairs except the Yen also moved strong, could be some fear in other markets?
 
Rookie
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Posted: #440
just went short on usd/jpy with a tight stop loss 89.05 stop loss. 
 
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Posted: #441
usd/jpy should be moving lower 88.70's in about 30 minutes im taking a shower be back in a few. 
 
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Posted: #442
well it took about 45 minutes but got there. out on both shorts. biggest trades i made so far  
 
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Posted: #443
not real happy on my exit prices. if you have more than 25 lots, you cant liquidate all of them at once. i just learned this and it cost me some precious pips.  i had 40 lots and 30 lots there,  still think this pair will fall more tonight but wtf i'm happy with the profit now, it will need to recoil for a while before going any further lower. 
 
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Posted: #444
back in again short 88.74 15 lots each 
 
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Posted: #445
shoulda waited for this 15 minute candle. rsi is @ 32 now on the 15minute it can have a decent drop from here now. 
 
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Posted: #446
added 10 lots each @ 88.82
 
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Posted: #447
this candle should tell me if im right or wrong here. rsi is @ 39 now plenty of room to fall. 
 
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Posted: #448
well i do believe im right now but hell short charts lie so lets see if their really is any support @ 88.70 . my price entry wasnt good but lets see if i can get something good outta this pair. 
 
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Posted: #449
its pulling the ema down now by 3:30 i think it will be in the low 88.60's again 
 
 
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Posted: #450
i dont like the way that candle closed if it goes over 88.81 i may close this out the ema turned up but it could be to drop it 
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