any blockbuster forex trade setups?

Discussion in 'Forex Trading' started by trc49492, Jun 17, 2006.

  1. Chood

    Chood

    Bottom picking is not my forte, but I've added to my AUD longs today, making 3 near-month futures at avg in .7307, stops tight either side .7205. Reason? Compare AUD (and NZD) on June 30, 2004, then the next day, namely after bubble of expected hawkish Fed burst by actual FOMC annoucement.

     
    #31     Jun 28, 2006
  2. Chood

    Chood

    "Those who cannot remember the past are condemned to repeat it."

    George Santayana, 1905.

    Does this apply to expectations undone in markets, including for hyper hawkishness on inflation?
     
    #32     Jun 28, 2006
  3. Chood

    Chood

    Thanks, Mr. Santayana.
     
    #33     Jun 29, 2006
  4. bl33p

    bl33p

    Hope everybody did well, short usd-jpy gave easy 100 pips or more.
     
    #34     Jun 29, 2006
  5. According to my analysis there is a good long term selling opportunity brewing in the EUR/USD that should be worth 500 + pips.
     
    #35     Jun 29, 2006
  6. Chood

    Chood

    I may sell these puppies today, on theory that profit-taking next week may allow AUD longs to be re-established below .7400. Smash-and-grab target (meaning today) anywhere above .7449.

    Position above water as much as 137 ticks from avg in, max drawdrawn 45 ticks from avg in.

     
    #36     Jun 30, 2006
  7. Chood

    Chood

    Light, holiday volume today's session may create frothy price action which pierces my smash-and-grab ("take it and run") number Friday, .7449, but I won't take it now, waiting instead solely for chance to add to AUD longs at or below .7400. Patience play. 300-tick home run the goal.
     
    #37     Jul 2, 2006
  8. Chood

    Chood

    Get all you want down here. I've added two, boosting position to five longs, stops for all at avg in for first three.

     
    #38     Jul 5, 2006
  9. Chood

    Chood

    Futures volumes amazingly light, presumably because of payrolls in the morning. Any other reason?
     
    #39     Jul 7, 2006
  10. Chood

    Chood

    So far, so good.

    from June 22nd --

     
    #40     Jul 27, 2006