Live FX Trades

[wasp 10]

I am going to pretend I have not noticed this 60% retrace !

[wasp 10]

Well in the end I should have stayed short as the next candle confirmed it but that prior one still said long to me. Once broken 212.20 though it was an easy clear run to 210.66 for sure.

 

Unlucky cowpip, what made you go long there?

 

Short from 212.08 in the end (as visable on the chart)

 

closed short @ 210.93 for +115

 

long from @ 210.99

[cowpip 10]

Well in the end I should have stayed short as the next candle confirmed it but that prior one still said long to me. Once broken 212.20 though it was an easy clear run to 210.66 for sure.

 

Unlucky cowpip, what made you go long there?

 

No kidding. Sheesh... I couldn't wait for that last 4-hour candle to form before hitting the hay, and I must have been too tired to act properly. It was screaming short at me. Sigh...

 

I'm glad you finally nailed the direction right.

 

Note to self (again): Don't make decisions when you're tired.

[cowpip 10]

I'm long from 110.74 following the hammer on the 15-min rejection at support. There has been some nice buying down here during the last few hours. Let's see if it continues.

[wasp 10]

No kidding. Sheesh... I couldn't wait for that last 4-hour candle to form before hitting the hay, and I must have been too tired to act properly. It was screaming short at me. Sigh...

 

I'm glad you finally nailed the direction right.

 

Note to self (again): Don't make decisions when you're tired.

 

lol! That's why I have my way of trading so simple its a case of yes or no and no major decisions need to be made. I just need to remember to look at the right bleedin charts!

[cowpip 10]

Wasp, what is the purpose of your short horizontal lines in your charts? They're obvious S/R, but I can't figure out why they're not long lines as well.

 

Edit: Oh crap - there I go again. This probably should have been posted in the other thread. Sorry about that.

Edited August 5, 2008 by cowpip

[cowpip 10]

long from @ 210.99

 

What gave you the signal to go long at that point in time?

[wasp 10]

Wasp, what is the purpose of your short horizontal lines in your charts? They're obvious S/R, but I can't figure out why they're not long lines as well.

 

Edit: Oh crap - there I go again. This probably should have been posted in the other thread. Sorry about that.

 

No problems but, on the other thread, can you tell me what exactly you mean? If its the short S/R (not all way across screen, they are just there for information, I don't use them to base decisions).

[cowpip 10]

Closed my long for +43 and now short at 211.25. Stop at 211.68. Why? Seemed like a decent place to reverse at the short-term resistance zone following that rejection off of the 61% fib. Trend is still down, and consolidation is likely to occur, so I'm trying to play the waves. If my stop is hit, that'll signal a decent change in trend.

[cowpip 10]

Closed short at b/e. Will look for a better entry. Need to reassess price action.

[cowpip 10]

Ok, let's try this one more time from a slightly better location... short from 211.47, stop at 68.

[cowpip 10]

Ok, let's try this one more time from a slightly better location... short from 211.47, stop at 68.

 

This has been a butch of a ride... moved stop up to 92 to avoid FOMC news spike and associated "noise." Still short from 47.

[cowpip 10]

Wasp, congrats on another nice run! Well done indeed.

[wasp 10]

closed short @ 210.93 for +115

 

long from @ 210.99

 

cheers cowpip

 

closed long @ 212.00 for +101

 

short order in ready at 211.95 (in case I fall asleep!)

[cowpip 10]

I neglected to mention I scratched for -21 and I'm short again from 212.04. What I thought would be resistance around 211.60 (roughly the 61% fib) was too weak. Should have known.

[wasp 10]

cheers cowpip

 

closed long @ 212.00 for +101

 

short order in ready at 211.95 (in case I fall asleep!)

 

Out for -50

 

Long @ 212.45

 

If this market doesn't start picking up I will be taking a break again. This isn't worth getting out of bed for.

[cowpip 10]

I neglected to mention I scratched for -21 and I'm short again from 212.04. What I thought would be resistance around 211.60 (roughly the 61% fib) was too weak. Should have known.

 

Agreed. I'm out at -40 and long at 212.31.

Edited August 7, 2008 by wasp

[cowpip 10]

These bloody retraces are driving me nuts! That 20 zone isn't offering much resistance anymore, Wasp.

[cowpip 10]

I don't like what I'm seeing. Price has been strongly rejected when above 20 and is now being resisted below 20... I've scratched (AGAIN!) for -23 and am short at 212.09.

[wasp 10]

Staying long myself, the resistance met can be seen on a 15 minute chart quite clearly but I am sticking with the larger view and think we will be heading up again personally.

[cowpip 10]

Alright... last attempt here... closed for -14 and long from 212.25 again. Let's ignore the short-term drivel.

[cowpip 10]

Staying long myself, the resistance met can be seen on a 15 minute chart quite clearly but I am sticking with the larger view and think we will be heading up again personally.

 

 

Failure to break the 30-min inside bar would confirm your thinking.

[cowpip 10]

If $/yen would just follow through, it would be helpful (if they'd sell yen that is rather than just buy dollar).

[wasp 10]

Just some direction with strength would be nice!

[cowpip 10]

Just some direction with strength would be nice!

 

That probably won't happen until after the rate decision tomorrow.