Post your live Forex trades here...

Discussion in 'Journals' started by xelite777, May 4, 2014.

  1. Thanks, same to you.

    By the way, watch this, the AUD/USD is going to touch 0.9350 (about 20 pips below current price) and THEN it will resume its uptrend.

    I will be waiting...:cool:
     
    #161     May 8, 2014
  2. boskop

    boskop

    Makes sense to retest the breakout levels. I want a better price though :p *patience* which I will have while sleeping.. good night! (i.e. good morning over here)
     
    #162     May 8, 2014
  3. boskop

    boskop

    btw careful with your EUR/USD short. The ECB is very likely to stir big volatility later. (that's why I closed half my EUR/JPY to be able to widen the stop)
     
    #163     May 8, 2014
  4. I will.

    Closing USD/CAD at 1.0890 (10 pip loss) and buying EUR/NZD at 1.6069, 35 pip stop.

    So far this day : minus 40 pips (-50 + 20 - 10)
    Open positions : EUR/USD and EUR/NZD
     
    #164     May 8, 2014
  5. EUR/USD has been closed at 1.3925 (10 pip loss)
    EUR/NZD has been closed at 1.6089 (20 pip profit)

    Total for today: minus 30 pips.
    Total since beginning: minus 113 pips.

    The take profit seems small (for now) because when the system is experiencing a string of losses, its first goal is to recover these small losses first.
     
    #165     May 8, 2014
  6. boskop

    boskop

    it's raining euros :cool:
    wish i had more leverage....
     
    #166     May 8, 2014
  7. On the daily charts (your favorite time frame) the EUR/USD has completed a triple-top .

    Notice the extremely bearish engulfing pattern (see chart below)!

    So the Euro is probably going to move lower in the next few days...
     
    #167     May 8, 2014
  8. boskop

    boskop


    As to my knowledge, a double or triple top is only a double or triple top, once the lows are broken. But yes, extremely bearish. I'm short EUR/USD from 1.3904 with stop above the highs. Also scaled into EUR/JPY with average short entry now at 141.52. And for some sugar on top, a short USD/JPY at 101.54 with tight stop above 102.

    I'm basically all-in here.. I've never seen these markets so clearly as now. Only thing missing now are equities dropping (especially Nikkei). Will be a fun Asian night! Main focus now reducing risk as soon as possible.... because I'm really heavy now with my positions. Big action not in price, but in my equity...

    Thanks Mario Draghi for washing out weak EUR shorts before you dropped the bomb.
     
    #168     May 8, 2014
  9. Careful though, when the market is too "obvious" and "clear", it usually goes the other way! :D
     
    #169     May 8, 2014
  10. boskop

    boskop

    yep, but, clear to whom ;) yen DSI is still extremely bearish, so a lot of people are short JPY. Those are getting scared now. And if fear kicks in, this market will move quickly (into my direction :D)

    Allright .... no over-confidence, please. That's why focus on reducing risk as soon as possible.
     
    #170     May 8, 2014