Live FX Trades

[cowpip 10]

Alright... I'll give this a little bit longer now that I've found the likely source of my troubles (see the discussion thread). I've carefully scrutinized my charts and am now reasonably certain they're correct.

 

Currently long GJ @ 201.04

[cowpip 10]

Currently long GJ @ 201.04

 

Stopped for -65. Wow... you don't see that too often, where the previous 4-hour bar (a very bullish one) is completely invalidated. This bloody thing doesn't want to give me a break.

[JT1 10]

..........

[wasp 10]

damn spikes and retraces are doing my head in!

[cowpip 10]

I went short from 200.48 last night (rather, during my night). I'm quite frankly amazed that I wasn't stopped out. You just can't trust candle formations right now.

 

I have a developing feeling that we're seeing a lack of liquidity in-play here. That would certainly go a long way towards explaining the crappiness of it all.

[wasp 10]

I went short from 200.48 last night (rather, during my night). I'm quite frankly amazed that I wasn't stopped out. You just can't trust candle formations right now.

 

I have a developing feeling that we're seeing a lack of liquidity in-play here. That would certainly go a long way towards explaining the crappiness of it all.

 

http://www.dailyfx.com/story/charting_center/futures_positioning_cot_report/British_Pound_Speculative_Shorts__COT__1219681227093.html

 

Part of the problem as I see it is no one wants the damn pound but, no one particularly wants the Yen either. We are still in a down trend/spiral which needs something to kick it out.

[cowpip 10]

Nice clean chart, Wasp.

[cowpip 10]

Closed for +32.

 

Long GJ @ 200.17.

 

I wanted an entry near 200.00, but it doesn't look like it wants to go back down there. Watch - it will now that I've reversed. My stop will be like a magnet to it. That's how I've felt lately.

[cowpip 10]

The pound is being a little bugger. Just when you think it might be supported, some jerk pulls the floor out.

[wasp 10]

wow, nothing like a 100 pip retrace to ruin your weekend!

Edited August 29, 2008 by wasp

[wasp 10]

Okay, it carried on going back down. I'll let it off now!

[cowpip 10]

wow, nothing like a 100 pip retrace to ruin your weekend!

 

Yep. This beast is cruel.

 

Long GJ @ 200.17

 

Out for -65 (AGAIN!!!).

 

Went short from 199.25, closed for +42.

 

Currently long from 198.62

 

I have a 4-hour and a daily support line running near 198.67, and thus far, it's held twice. Ha! As if that's any indication.

[cowpip 10]

Out at b/e. What a week. I'm done.

[cowpip 10]

Short GJ @ 195.66

[cowpip 10]

Short GJ @ 195.66

 

Hmmm.... what do you do when price precisely matche the S/R level?...

 

Stopped for -12 and reversed long GJ @ 195.78

[cowpip 10]

You pick one based on the overall trend / gut / trendline / coin toss and accept in these circumstances, you just can't win em all!

 

Thanks. Out for -65.

[cowpip 10]

Short @ 194.43, although this has already moved so far, I'm not sure how much to trust the last formed 4-hour candle.

[cowpip 10]

Stopped for -60.

 

Wasp, where the crap is your support line around 194.30/50? I had mine marked at 194.52, which perfectly justified shorts (except for the fact that it had traveled so far last night), but the current reaction has it at 34. This is tickin' me off.

 

Either I can't see the support line properly because you have to go so bloody far back in time, or it's creating new S&R as it goes lower now?

[wasp 10]

The ones I am watching are circa March.

[cowpip 10]

Short @ 195.07

 

When I go back in time, 195.08 reacts very nicely as an S&R line. Current price action (to me) suggests a short after failing to penetrate at the last 4-hour bar is justified here. But heaven forbid if anyone is following my lead. I obviously have a ways to go yet.

[cowpip 10]

Closed for +167. Long GJ @ 192.95. This could be a quick loss. It's dropping like a rocket in reverse.

[cowpip 10]

Accidentally closed for +50... Word to the wise: don't leave your laptop down where your dogs can walk on it! Now... where'd I put my gun, mutt!!!

 

EDIT: Actually, +47... grrr!

[cowpip 10]

One more time?...

 

Long GJ @ 192.95

[cowpip 10]

One more time?...

 

Long GJ @ 192.95

 

Closed for +115. Short GJ @ 194.10.

Edited September 7, 2008 by wasp

[firewalker 10]

Closed for +115. Short GJ @ 194.10.

 

Good going cowpip!! Excellent call about that 192...