Australian (ASX) Stock Market Forum

My Forex Trades

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ithatheekret said:
What time was the meeting Fed meeting ?
Click to expand...

RUMOURED to be yesterday... again came out later in the US trading day.. more unsubstantiated rumours flying around now that they are meeting now... I doubt there is any substance to them..(when Ips in the Journal prints a rumour he is usually on the ball, might be the Feds preferred leakee,, I don't think he has penned anything on it..yet.. :) ) but it all makes for good trading if you.... :)
Cheers
.........Kauri
 
I thoroughly agree mate , markets buy rumours sell the news or facts . That's how we get premiums etc. built into prices .

It helps to know ceilings and floors though ..........


The weakness was hit , a few stops got smashed along the way too , few more if the Swissie get past 1109 , have a tester on it now , will cost a few dollars , but I can make that up by the trend discovery it will show either way .
 
The ratio spread has just dropped to nearly 3% on the Swissie mate .

I wonder if the Fed news is being browsed enmasse now , it was a very abrupt change , more like a prolonged market change . A slowing off in sentiment ?


PS... the change started @ 1.1074
 
Thought I would share this trade with you guy's.

Last night on the one hour I was watching some support building on the EUR/USD.

it ticked all the boxes for my entry rules. P/A was jumping up and down by 2-3 pips so waited for it to be as low as possible. When it looked good I went long one standard contract, or ten lots.

it moved up I was thinking ok good, then it hung around got hit by some sell orders and it dropped 8-10 pips, only 6 off my stop i thought i am done for went back to looking at another page.

after 1-3 minutes i looked back at platform to see what was happening and it was gone, I thought o well stopped out. then I looked at meta trader to see if it was a tail and i saw this massive green candle! the bugger had hit my limit 19 pips up, I was in total shock!

Happy shock I might add ;) u got to love the FX market!
 
I think that's a goodun' TI .

Sorry to sound religious and all that , but the Lord helps those that help themselves first and if you don't stick ya neck out you'll never get ahead .

Watching Swissie attempt to get past 1106 area , kissed dirt and retreated currently 1103/4 ish . I have 11068-88 as the pass or play area , if it gets past 1107/8 area hmmm , that would be very USD positive trading wise .

If it struggles to get its backside over the 1109 line I'll sell it .
 
ithatheekret said:
I think that's a goodun' TI .

Sorry to sound religious and all that , but the Lord helps those that help themselves first and if you don't stick ya neck out you'll never get ahead .

Watching Swissie attempt to get past 1106 area , kissed dirt and retreated currently 1103/4 ish . I have 11068-88 as the pass or play area , if it gets past 1107/8 area hmmm , that would be very USD positive trading wise .

If it struggles to get its backside over the 1109 line I'll sell it .
Click to expand...

Cheers ithatheeket,

had a roller coaster tonight!

my long on the eur/usd was stopped on london open dropped 30 straight away! there was support on 4h after it got down there and yelled yike yike yike i put a long down right away. from then till 30 min ago it was a hair raising time up then down thought i would be stopped couple times aswell. i had an idea us would rally and usd would suffer closed the eur/usd for +43 and i took a short on the swissy at 10ish or 11ish, to much time on the screen! have a limit on that not far off hitting it now. it's great when a plan comes together! but god the FX market is a lot of work at times!

ithatheeket

that sounds like a good plan hope your on the sissy and making some! a bit of movement around GBP/usd got a short term beating! that usd strength rolled over and caused me a heap of fun!

Dame.....

most the night my eye's have not been on the aud/usd what a move!
 
there is a good chance Kauri, if the momentum holds.

as for my swissy short I just got chased out real fast!
 
I must have followed you in , that 1.106 area never got light on it after first dirt kiss , got a sell in @ 1.1038 closed at 1.0983 and reversed .

Had Euro sold reversed to early though and did it the same at the pre peak , early reverse too , but it's paid off .
Was watching Cable before the drop , saw news falsh on retail and hit sell several times , just covering last two now .
I think it's a 192 eventually , the Swissie count neva made it !

Second time round I hope as I bought long USD ..........

I know the repatriations are on because the money always returns at the slightest hint of a rate hike or worse , worse came so money goes home .

It will fade off and strength will wain again , done it twice and thrice on some tonight .
 
Looks like a lot of repatriation going on .

Euro and Cable down , Swissie and a reluctant Yen seem to be flight destinations ........ check that Luftansa flight board

Carry trade will be carrying losses at this rate , plain old nasty and an abrupt ending of 2 years of Europia for them .

Skips still somewhere in Cooper Pedy . Old man Emus stuck his head down loads of holes looking for her , when it get's to #82 he could be in with a chance .

Some people ignore the money markets semaphores and rely solely on an instruments chart , it's just one tool , akin to replacing a cars head with a screwdriver , that's alright for matchbox car markets , but they've just had a bingle . The macro and micro numbers from April have all pointed to something ugly too , the data which is ledgible looks more like a wish list .

The great escape is on .
 

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