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My Forex Trades

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ithatheekret

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I thought I'd start this thread , as I can't keep up with changing threads etc. in the middle of trading , my skinny fat fingers are prone to typos whilst rushing out a posting . But I enjoy the trade talk with my peers and hope they join me in the thread .

As stands tonight I'm short Cable , actually got somewhere between 165.90 and 166.10 as my exit area , expecting tough resistance @ 167 even area .

GBR/EUR I'm long looking for 75.40/50 or 60

USD/JPY I'm long again , gotso far down the plughole I had to start buying to be a true contrarian on Japanese dunny paper ..... I mean currency .

EUR/JPY Long too from 160.60

Looking for other pozzies now in a few favourite swaps , but sometimes I just have to wait , other times I can get in on a stirred run underway , like Cable tonight , saw a peak topping and managed to sell it after 15 mins of waiting impatiently .

Heard some good news from one of the AVAFX account managers tonight , they'll have oil to play with in their minis in about two weeks . Currently only FX with gold and silver minis , but they are a brokerage not a market maker and you deal DMA , nice tight pips spreads , no hidden fees . Office in Sydney call centre for phone trading and just in case scenarios .
Never had a problem with them at all , but I spread my money about the trading houses and have a few accounts in cos. names etc. . actually looking for one more too .

There ya go , that's a better plug than John Laws could give minus the cash for comment . Yes they are one of my brokerages and no I rarely plug any business unless they bend over backwards helping me at any hour of the day or night . I get a better pip spread on this account due to the funds in it , which I negotiated.
 
How have those been going?

Pretty limited opportunities for me tonight apart from the nymex, which was fairly wild early on. :D
 
Most trades in the green , couple still red but entry reds or just under , Cable put up a fight @ 167 even or just above actually 167.04 risen toward 167.35 twice again hit both those peaks , nut has tightened my stops up . Haven't set my trailers up yet as I am waiting to see if they run on late .

Only taken smallish pozzies this time round average of 2000 each , except for Cable and EUR/JPY which are comfortable at present and smiley green.

Bought the Swissie too gave me a turn when it headed towards the stop , but I got the Dutch up to buy again ..and again ...and again , pushing the pedal but my simple indicator set up said now @ 111.3/31 , fingers crossed there , no real reseach bar a chart tonight . Cable and the US set for another rate drop ..............

After last night I was so knackered I fell asleep at the desk , missus put me to bed and woke me at midday after shopping , longest sleep in for yonks for me . I'm greedy that's my problem Chops , might be the end of me oneday , but to date it's paid the bills and uni fees etc. and I get to stay home for the kids until I'm called into town for work .
 
Waiting for Cable to hit 1.975 again to hit the sell button but it looks like 1.9743/45 may be the stall area , which throws my figures out a tad 16 pips actually per contract . Not worried by it as my stops are all set , using AVA tonight , it pretty cool when executions like limits and stops are hit or watchlist targets achieved , an audible voice simulator / recording notifies me , bloomin' trick addition to that trading platfrom.

I have a chap from Finotech whom a friend put onto me about another CFD account , don't know enough about them though , any ideas or warnings I should know of , that you might know .

regards and best ,

Mark
 
Just don't use CMC, and make sure the CFD provider is a DMA one. A lot of people get into trouble because they don't really have proper trading plans and expectancy. But if you do, I don't think they are that much of a problem. Apparently trading with them for indexes and things is a bit of a joke though. I just don't understand why people don't just trade the actual futures themselves that the CFD's are based on. It's as cheap as chips to do anyway, without the BS.

I wouldn't know what they are like for forex and things.
 
Noted Chops , if I take them on I'll let you know , but as you just said DMA is the only go , they're obviously a market maker , this tends to put me on a back footing straight away .
 
All my Swissie trades were just stopped out , well a couple of minutes ago , can't win em all , they were up too , no trailing stop .

Get the rocks , I need stoning for that .
 
EUR/GBP is nice , my charts workings point higher than my limits , just over 7640 , that'd be nice poz. but this post is to alert schwingers of some nice plays on the run .
 
.............. only two plays so far Cable short again and went long Swissie after it touched down past yesterdays low , which still saw me buying at 111.00 . So tight stops now with trailer attached to preserve pips .


PS... more than likely swing Cable and save top peaks if poss.
 
What is going on with the USD?

Is it having a bath against just about everything today?
 
Sorry Whiskers , I thought there was no interest in the thread and was waiting for Kauri to return , probably sunning up good in WA .

Yeah Sams getting kicked silly at present , Skippy has tapped into 100 a night for the last two nights , looks like its tapping on 0.90's door to see if anyones home , hope they don't call when we're at the cricket ...........


The saying blink and miss fits the markets perfectly of late and if you blink in Forex nowdays , you could end up in the slow lane , with everything whizzing past you .

There was about 20 minutes of strength , the same 20 minutes that stopped me getting a decent line position for POG , see what happens when you dawdle .

The devil in the details stuff all over the place too , it has an effect , a bit like old Uncle Al , except now it's Ok Alright Benanke , and for once I'd like to hear what he has to say without the media edits .

USD index currently around mid 75ish bit wobbly , and probably the best thing that could ever happen for the US , they need to go through this . Capital One has let the market know all is not well in credit card land , add the proposed gas tax .......

The cheap fuel and easy credit days are gone , not just for the US , but for everyone . It will take the US awhile to get use to high fuel costs , we've had it for ..... it feels like forever .
 
I keep getting some wild numbers on the Swissie , I've tried to get a view cemented in with the aid of chart projections etc., just to get a little more clarification on the direction of the ineffable .

I noted the 110.55-110.60 area more noteably 110.58 by the chart , calculations at present are venturing towards the last high 108 area to just above in the 109's . I think this area is going to be retested from what I can see so far .
 
Trade_It said:
ithatheekret,

I read am reading every new post in this thread, don't think like that. awwwwwwwwwww
Click to expand...

Yeah, likewise here.

I have a bit of a gork in every other day to keep up to speed, learn the lingo and have a bit of a laugh at your natterings. :p:
 
Thanks comrades .

That's a freaky set of numbers for me , it says the Swissie will be at another strength high against the USD , what I'd call a low on the swap . The last high 108 it hit I had everything up and was frozen in awe , never seen it so high ... ever , had to get up and go sit by the ponds . Strong Swissie always gives me the willies , got old enough kids ......... if you know what I mean .
 
If the Looney streaks past 1.0250 , there's a good 100 pips in that ride by my numbers . My range starts at 1.020/25/30/35 , so that area can be tested too . The chart has 1.0248 as the high to be tested , that gives me some comfort in the figures , below the above mentioned tranch there are solution sets from 0.9945 through to 0.9980/90 . the most prominent price to come out so far in the lower bracket is 0.97.93/94/95/96/97/98/99/0.980 and this is repeated in all configurations . I would view that as a confirmed bottom , but it's miles off at present and will be viewing that swap with interest . My projection is higher in the 103's where 1.0320 shows up several times .
 
ithatheekret said:
Thanks comrades .

That's a freaky set of numbers for me , it says the Swissie will be at another strength high against the USD , what I'd call a low on the swap . The last high 108 it hit I had everything up and was frozen in awe , never seen it so high ... ever , had to get up and go sit by the ponds . Strong Swissie always gives me the willies , got old enough kids ......... if you know what I mean .
Click to expand...

ithatheekret,

Thought I might add to the thread if u don't mind. This is my thursday night trade on the USD/CHF.
 

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