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thread: No Rules Trading

  1. #11
    Member Rocky's Avatar
    83
    Ha, ha I figure I got that one wrong. The gbpusd is way outperforming the eurusd. Infact that the eurgbp is looking really weak right now. I've only entered a fairly large brief of 1:5 @ 6804. The inflation data from the UK seems to have been the alyst for the move. My stop for now is at 6825 but I'll be moving it will also be adding to my brief later in the day.

  2. #12
    Member Rocky's Avatar
    83
    Resumption of carry trades is right around the corner, as I watch it. Of course, everybody who dumpped these pairs are dying to get back to business at these very attractive prices.

    But, majors/Yen acted odd now, maybe due to the coming BOJ announcement, create them oscillate inside a broad range... That behaviour kept me out of carries today, because I was dying to long the c#@ out of them today...

    Awaiting a new moment.
    Actually I really do have some longs on the yen crosses. A 1:7.5 long (ave. price 155.41) on the eurjpy plus a 1:2.5 long (ave. price 228.33) on the gbpjpy (I really want to get larger on the gbpjpy long since it feels like cable will be taking the lead in the euro). I will be awaiting for a little pullback in the gbpjpy rate to go long. You may view my execution was not great on the next eurjpy add. I'm trying to improve on my own entries.

  3. #13
    Member Rocky's Avatar
    83
    Here's the chart for your own gbpjpy trade. I really wish to add to the trade but I believe I need to work on getting better prices in my entries. Waiting with this pullback is killing me but I know I need to be patient.

  4. #14
    Member Rocky's Avatar
    83
    they are believing spirited is overblown, I believe. Then again, they may be thinking dollar is oversold.
    I guess that there will always be vendors at the 3300/3400 area since it's near the previous high. The eurusd is sitting at 3280 at the time of this post. A fantastic r/r trade, would be to go long here with a stop/reverse at 3265. I am watching the 3270 level attentively at this time.

  5. #15
    Here's the chart for the gbpjpy trade. I really want to add to the trade but I feel I want to work on getting better prices in my entries. Waiting with this pullback is killing me I know I want to be patient.
    Issue now is whether or not 230 will maintain. Cable is at 78 percent fibo from big fall, so we will require a couple of hours for consolidation today.

    I don't see it like a time to build new positions. I am long Cable out of 9430 and added at 9505 on the news and that's it.

  6. #16
    Allow me to...

    I'm holding an annoying -30 drawdown Euro now... Can you guys think that it would get back to 3300 today, so I could cut this reduction?

    This SOB is murdering my profits in Cable.

  7. #17
    Member ina99's Avatar
    98
    Help here...

    I'm carrying an annoying -30 drawdown Euro today... Do you guys think it would return to 3300 today, so that I could cut this loss?

    This SOB is murdering my profits in Cable.
    I am not big on predictions, better in postdictions... however, I think EU will reverse at around 3265 and then it should climb up past 3300

    But don't trade on my advise, The strain will be too much for me... LOL

  8. #18
    I am not big on predictions, better at postdictions... but, I think EU will reverse at about 3265 and then it must climb up past 3300

    But do not trade on my advise, The strain would be too far for me... LOL
    no difficulty... I read stops constructed in 3275 area, but they aren't boosting Euro around 3300... My extended 3307 was expecting farther to the upside, after that crazy Friday. But no... It is now ranging and frying my nerves just.

    I will give it a bit more time today. Let us see...

  9. #19
    Made a trading CAD news now. 40 pips at a spark.... EUR reduction is more than absorbed now...

    Never traded USDCAD before, but it had been soooooo appearing it was going to fall down the gap in the news...

  10. #20
    Member Rocky's Avatar
    83
    With tomorrow's PCE figures from the US and the GDP data from the property of the looney, there needs to be some good volatility. UC has been trading since last Tuesday's CPI release; tomorrow might see us move from this range. In line with my general dollar bearish stance I've put in some sell stops at 1560 and 1550, if we see a move lower it might be quite violent.

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