Live Trading the Currency Markets

[tradingwizzard 10]

Back on track as almost recoverd all loss for this month.....going into next week with three open positions and most likely will add some more starting with this coming Monday.....I like eurcad and gbpcad longs again going into the Fomc......

 

Please check the attachement to see the detailed situation for September

[Ammeo 10]

Funny enough, I am bullish and looking for 1.3710 to be broken

 

Hmmm maybe u r looking at it short term, my statement was kinda long term....i dont think it'll continue to be a Bull for the next few months...

[tradingwizzard 10]

Hmmm maybe u r looking at it short term, my statement was kinda long term....i dont think it'll continue to be a Bull for the next few months...

 

No no....I am talking about the same time frane....I am going to be bull for the next few months

[Ammeo 10]

US is not going to war and euro zone crisis are still intact, Us economy may have weakened for a while US always recovers it and recovers quick. Next unemployment and NFP will have a big role in EURUSD direction which i dont think may get even worsen. Fingers crossed though...maybe i am wrong bt its just a personal perception.

[tradingwizzard 10]

US is not going to war and euro zone crisis are still intact, Us economy may have weakened for a while US always recovers it and recovers quick. Next unemployment and NFP will have a big role in EURUSD direction which i dont think may get even worsen. Fingers crossed though...maybe i am wrong bt its just a personal perception.

 

well noted....but I am still bullish

[tradingwizzard 10]

Trade nr. 15 Going LONG GBPCAD here in 1.6411 sl 1.6200 tp 1.6800

 

contracting triangle on the 4h chart

[tradingwizzard 10]

Trade nr. 16 Going LONG Eurcad here in 1.3760 sl 1.3580 tp 1.3900

 

contracting triangle as a reversal pattern on the 1h chart.......will post the charts a bit later for the last two trades

[tradingwizzard 10]

Trade nr. 17 Going LONG eurjpy here 132.27 for 136.00 tp sl 131.50

 

bullish break out of this contracting traingle (two triangles actually, one from daily and one visible on the 1h chart

[tradingwizzard 10]

Trade nr. 17 Going LONG eurjpy here 132.27 for 136.00 tp sl 131.50

 

bullish break out of this contracting traingle (two triangles actually, one from daily and one visible on the 1h chart

 

just small in profit so far, but in a day when nothing really moved, what to expect?...waiting for Godot (Godot = Bernanke)

[tradingwizzard 10]

Trade nr. 18 Going LONG eurnzd here in 1.6218 for 1.7200 tp sl 1.5879

 

expanding triangle on the daily chart.........will post a chart a bit later.........Fed today

[tradingwizzard 10]

Trade nr. 15 Going LONG GBPCAD here in 1.6411 sl 1.6200 tp 1.6800

 

contracting triangle on the 4h chart

 

closing the gbpcad long here in 1.6476 for +66 pips profit

[tradingwizzard 10]

Trade nr. 16 Going LONG Eurcad here in 1.3760 sl 1.3580 tp 1.3900

 

contracting triangle as a reversal pattern on the 1h chart.......will post the charts a bit later for the last two trades

 

closing the long here in 1.3824 for +64 pips profit

[tradingwizzard 10]

Trade nr. 17 Going LONG eurjpy here 132.27 for 136.00 tp sl 131.50

 

bullish break out of this contracting traingle (two triangles actually, one from daily and one visible on the 1h chart

 

closing the eurjpy long trade here in 133 for another +73 pips profit

[tradingwizzard 10]

Trade nr. 10 Going LONG eurusd here in 1.3271 for 1.3328 tp sl 1.3220

 

ascending triangle on the 1h chart....will post the chart later

 

tp reached here for +57 pips as well

[tradingwizzard 10]

payday today........God bless Bernanke and the Fed :missy:

[tradingwizzard 10]

closed a big chunck of the trades earlier this early Thursday and now looking to see the remaining three positions how will perform......will not open any new trades today as is Friday and want to go into weekend as light as possible......euraud looking good though, but looking at eurnzd to follow too......check the attacment for current stadning for September

[tradingwizzard 10]

Trade nr. 19 Going LONG EURUSD here in 1.3514 for 1.3710 tp sl 1.3386

 

breaking out of that contracting triangle on the daily chart implies previous highs are going to be broken

 

will post the triangle a bit later

[tradingwizzard 10]

eurnzd back in profit......what a difference a day makes

[tradingwizzard 10]

Trade nr. 18 Going LONG eurnzd here in 1.6218 for 1.7200 tp sl 1.5879

 

expanding triangle on the daily chart.........will post a chart a bit later.........Fed today

 

closing the long here in 1.6359 for +141 pips profit.......long live the Euro:haha:

[Ammeo 10]

USD/JPY is sitting on support with mixed indicators. I see this pair trading up to the top of the recent range over the next week..

[tradingwizzard 10]

Trade nr. 12 Going long EURAUD here in 1.4373 for 1.4844 tp sl 1.4169

 

ending diagonal on the 1h chart.....explanations to come

 

closing the long here in 1.4405 for +32 pips profit.........end of month coming and just closing the trades....going light into October

[tradingwizzard 10]

booked +426 pips this September so far.......the only one that not going to the plan is cadchf long trade.......but still having patience with it......will post the updated situation soon

[tradingwizzard 10]

September updated.......+426 pips booked so far....only one in bad shape is cadchf but even if SL will be hit it will still be a positive month......coming after +400 in July also.....I would say it is not bad judging by my standards

[Ammeo 10]

In the medium term, it is evident that the currency pair should keep trading sideways between 1.1875 and 1.5143.

 

But I had a look at the long term picture, and an interesting trend is that the EUR/USD is in a long term consolidation pattern since peaking at the 1.6039 level back in 2008.

[tradingwizzard 10]

In the medium term, it is evident that the currency pair should keep trading sideways between 1.1875 and 1.5143.

 

But I had a look at the long term picture, and an interesting trend is that the EUR/USD is in a long term consolidation pattern since peaking at the 1.6039 level back in 2008.

 

indeed......it seems like a double combination with a zigzag and now a contracting triangle......if this one breaks higher then I don't wan't to own usd for years to come (probably decades)

 

TW