fxThunder

I now have bracket orders for a breakout either side on EU.

I am currently watching this potential short setup on EU. I was stalking a long on UJ earlier but it became to choppy for my liking.

EU long trade: Update: Exited at 1.4329 - got within 1 tick of my PT - close but not close enough

EU long trade update: moved trailing stop on EU long to 1.4329, below the last swing low.

Little late in posting: Walked in from my run and saw this long setup on EU. Update: Moved stop to b/e

Hi Cory, Sure, you may have missed this one but the train will be around to the same station again and again - just look at long opportunities that were presented by GU and UJ. Keep well, eNQ

EU short, trade update: Target reached...

Thanks Thales - will be leaving tomorrow to spend the weekend at a game farm before I really return to full productivity on Monday. Have been keeping an eye on the market whilst I was away - just couldn't resist the urge. ADD: I find it very curious to watch the GBP.USD rally away quite strongly and the EUR.USD doing the opposite. This is the first time I have seen such an obvious disconnect between the two.

Stop moved to b/e at test of previous swing low now.

Hi everyone, Back from a welcome vacation and ready to get going again... Short on the EU currently..

EU - time to pay attention

usd/chf stop moved. I also indicated the confluence and reasons why I was looking for a long the time... EDIT: flat on both E/U and E/C now

eur/usd also close enough to T1 - took some off here as well..

Snap! I do not watch E/J - but preffered the E/U and U/C due to "clean" looking setups. Thales teaching us very well

Close enough to T1 - took some off..All stops at b/e - free trades now.

usd/chf - moved stop close to entry.

and now, the corresponding short on eur/usd is also ready. usd/chf long entry already triggered..

Watching this for a potential long on usd/chf...

I see a potential long on usd/jpy. EDIT: jumped my entry stalk so it went higher without me onboard.

Hi everyone, A stupid question that I am battling to get an answer for: Say I short one EURUSD contract on the spot forex market on IB, what will the tick value be - will it be 1 USD or 1 Euro per tick (pip)? Thanks!, eNQ

Well, All was going well in my gbpusd short. I exit manually at targets due to some price discrepancies between spot and futures and I just prefer to manage my trades that way. Have adsl and 3g as backup. Price got within a few ticks of T1 and as I was preparing to exit adsl went down. Switched to 3g - had connectivity but could not connect to internet or my broker, Seems like we had an area wide failure of sorts. Phone lines also had issues so could not get through to the broker. By the time I got back online price had retraced to halfway between my initial stop and entry - a loss of about 15 ticks. I exited immediately and will probably sit out the rest of the session due to huge feelings of frustration. One of those things, I guess. eNQ

usd/jpy long -setup. eurusd only made it to T1, gbpusd went to T1 & T2

That is what makes it very difficult sometimes. A case can be made for a trade either way and it means a choice have to be made on which side to trade. You are 100% correct that the 240min showed both S/R. What swung the case for me is, daily in uptrend, 240min at support within that uptrend and then a subsequent break out of that consolidation to the upside. Any short would have been fighting the above reasons. Longs, however, would be playing with the wind at their backs. Very little resistance above and major trends in their favor. (The consolidation by itself contains many layers of support and resistance that would have required fighting through) Above is just my reasoning when I see conflicting long and short plays. Not saying that it is right or otherwise but kinda like building a scorecard for both plays and then picking the easier one has helped me a lot, especially in futures trades. Keep well, eNQ EDIT add: I also look at which side has more "fresh air" that can be sliced through - the usd/jpy did just that now.

Missed this opportunity in the usd/jpy. went by whilst I was fairly oblivious to what was happening right in front of my eyes...

MK, This is the consolidation that I am reffering to: Cheers, eNQ