thread: Cool Runnings intraday swing trading

Going in the NY session, the EURJPY did create a break below 127.00, as I suggested we await. Price dropped to another support area of 126.50 and rode out that out until Tokyo open, in which the Yen picked up some momentum and drove the Yen pairs down. This move closed the price difference, formed over the weekend, down to 125.70.

For you newbies, this 130 pip move, equates to a potential 100% profit on the trade. Success isn't in the quantity of trades you make, but instead in the quality of trades, as I've said in the past.

I hope this helped a few of you. A movie review of this trade is posted on the website.

Again, sorry for the lack of articles, but I'm seeing some thing setting up which has caught my attention.

The EURJPY is merging just above 127.00, together with the EURUSD finding support at 1.3585 and the USDJPY in 93.50.

In the past, I have written about using the EURUSD and the USDJPY as indiors for its EURJPY. In the event the indiors break under their support levels, and the EURJPY breaks below the major pshych degree at 127.00, we could see the EURJPY make a break down and attempt to close that gap down to 125.70. That could be a nice 100 pip move. This next hour or two, moving into the NY open is essential.

I hope you are well and with a prosperous 2010.

Cheers! Chuck

Hello Ic!

Sorry. I never saw your postings til. I had been in Los Angeles, rather than FXing. I had a few days away, visiting friends.

Glad you caught some pips!

No worries dad, hope you had a good time in la!

I had a stormer again last week...I have one trade still on the dining table and thats a lengthy gbp/usd from friday from 1.5044 took half off the table moved stops etc etc I am pleased to hold will see where we go for now.

Take it simple

ic

closed @ .89050 after another stall at 89200 120pips complete so happy days...

possible short on nz/usd....

Have a good weekend

Hello Ic!

Sorry. I never saw your postings til now. I was in Los Angeles, and not FXing. I had a few days off, seeing with friends.

Glad you caught some pips!

aud/usd is doing better-RRB- trade off a great big number, fib, divergence etc etc great r/r trade with 40 pips in the bag will wait and see for the rest atm

cease and undo is on the cards

take it easy

closed @ .89050 following another stall at 89200 120pips complete so happy times...

potential short on nz/usd....

Have a good weekend

morning dad,

well I place a moving stop over night about the cad commerce and it got carried out @05440.... Pips r pips, but I have to admit I fancied.

Aud/usd is performing better-RRB- commerce off a nice big number, fib, divergence etc great r/r commerce with 40 pips in the bag will wait and watch for the rest atm

cease and undo is about the cards

take it simple

Just so you're not in the crimson Ic, that is the most important! Good to hear from you! I enjoy your CAD short. It should take a tumble that was great, but I hope that breaks for you, although I've got 1.0525 as a powerful support amount!

Take Care Sir!

Yeah no problem daddy... capital preservation is obviously #1

I prefer to enter into a zero risk commerce asap (tp about half the trade then set the sl of the other to provide a gt;0 result for the trade as a hole (if it gets taken out). Although it appliion can be challenging, I subscribe to this theroy that is yeild.

Right I'm off

dawn daddy. . .nice trading

well seems like we were on opposing sides of this coin todayD I scalped a long on usd/jpy off 90.00 looking for support from the 61.8 fib (@ just under 90) shut half and have the other set @ break even tp @ 90.30 just under res along with also the 50 fib... but we will see...I will not be losing anything about this particular trade thats for certain!

I'm also brief usd/cad under 1.0600 with pa and div shown about the 1h rsi stock again I've taken some profit moved stops to break even and will see what happens... I would be more happy if we'd not popped...

Just so you are not in the crimson Ic, that's the most important! Good to hear from you! I enjoy your CAD brief. It should take a tumble that was great, but I hope that fractures for you, although I've got 1.0525 as a support amount!

Take Care Sir!

The GBPJPY broke it's range for a 50 pip go down, along with the EURJPY made a 40 pip go down once it broke beneath 122.00. Yes, I know these pairs have possible to move more, but I wasn't expecting a large move. That's why I said I would be happy for a pip move, that could test the lows of yesterday. Remember not to get greedy. A 40% profit margin on a commerce is not the work of a day.
You've got to ch those pips when you're able to!

After the USDJPY broke below 90.15, it is go down made the EURJPY and the GBPJPY move 40...

morning dad. . .nice trading

well seems like we were on opposing sides of this coin todayD I scalped a lengthy on usd/jpy away 90.00 looking for support from the 61.8 fib (@ only under 90) shut half and also have the other pair @ break even tp @ 90.30 only under res along with the 50 fib... but we will see...I'll not be losing anything on this particular commerce thats for certain!

I'm also Brief usd/cad below 1.0600 using pa and div shown on the 1h rsi inventory again I've taken some profit moved stops to break and will see what happens... I would be happier if we'd not arisen again but hello

take it easy dad

Looking of the Yen crosses to earn a break out of this tight range they have been investing in for the last few hours. Watch for range fractures to the drawback, particularly on EURJPY along with the GBPJPY. Remember to See the USDJPY. I'd be delighted to ch 40-50 pips on a move.

The GBPJPY broke it has range for a 50 pip move down, along with the EURJPY made a 40 pip move down when it broke beneath 122.00. Yes, I understand these pairs have possible but I wasn't expecting a movement. That is why I said I'd be happy for a pip move, which would check the lows of yesterday. Remember to not get greedy. A profit margin on a trade lasting no longer than an hour, isn't the work of a bad day.
You have got to ch those pips when you can!

Once the USDJPY broke below 90.15, it has move down made the EURJPY as well as the GBPJPY move 40 and 50 pips, for it smaller move of 19 pips. I enjoyed how the USDJPY was piling up together the 90.15 service, demoning pressure on the market side.

I expect some of you could see how I realized that setup, and were able to ch a few pips.