Wednesday, February 20, 2013

GBPUSD Long on SSI and FOMC

keeping a tight stop since the fomc minutes are comming out in an hour and a half. SSI was very very one sided. traders as well as lots.

Thursday, February 14, 2013

EURUSD Channel Top test short (Wills Trade) 14Feb2013

Technical: Mid term channel broke back inside the trend line. Looking for a push down to the Major trend line. It's not shown here, but if you flip back and forth from the bid to ask, or just look at the bid ask, you can see that three hours ago there was some spread widening, so I'm placing my stop near the top of that. Fundamental: Possible euro rate cut, and lower unemployment rate from the US. Thoughts: I'm not risking much since the fundamental analysis on this is a little weak. Risking about 11 pips, reward 100 pips. Leave a quick comment on your thoughts; Logan

EUR/USD Channel Re-entry 14Feb2013

Technical: Channel Re-Entry, 2:00AM ATR+EMA cross short. Fundamental: The rally up was from some politial comment about how the EURO is doing great. Unemployment Claims in a few hours Thoughts: I'll risk to the high, it should move straight back into the channel with no problems Trades: I am short the EURJPY from this. Thinking that a move down would be a weakness move, and reduce the risk on a little.

NZD/USD Head and shoulders + trend Channel overshoot 14Feb2013

H1 NZD/USD Technical: A longer term Trend Channel over shoot with a near tearm Head and Shoulders. Good risk reward, but who knows if it'll work. Fundamental: There are Retail Sales q/q and Core retail sales q/q at 4:45pm Thoughts: the market may wait to see how the retail market numbers turn out. Or wadgers may be placed before and we'll all respond to the numbers later. I am short, risking 15 pips and i'll scale in on success. Hopefully, the political currency wars will stick to the Euro. Exits: 1. 0.85000 stopped out. 2. 0.84222 take profit. Logan

Monday, February 11, 2013

EUR/GBP Short Fade 11Feb2013

Technical: There was a spread widening around the more recent low. The pop I assumed was from late shorts funding a ralley. Trade: I'm Fading this shove long at the EMA. Thoughts: Channel overshoots hit their targets in a direct move. Thoughts: And EMA is causing me to lose some faith in hitting my yellow target. I'll take what I can. Fundamental: ECB's Weidmann claims the euro isn't overvalued which is being attributed to this ralley. http://www.forexfactory.com/news.php?do=news&id=409696

Wednesday, May 30, 2012

USDCAD

RMPI was projected to be cheaper, while it came out as being more expensive. Not sure what the 7:00 short was all about, but it's in the same direction.