Archive through March 15, 2007

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lafee

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Post Number: 399
Registered: 04-2003

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Votes: 0


Tuesday, March 13, 2007 - 07:48 am:

Closed out AUDUSD @ 7857.5 :-)

Cheers Lafee

A working class hero is something to be.

John Lennon

wadda

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Post Number: 458
Registered: 10-2002

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Votes: 0


Tuesday, March 13, 2007 - 08:06 am:

Certainly is a roller coaster ride on the short term charts.

Comfortable @ 8pm last night, went away for 'quality' time

. Lost all gains plus some by 11pm

...however resisted selling, cursing myself that I didn't raise stop when they were high (blamed the distraction in the house - visitors!)

...then the only smart thing I did was stuck to my original plan that if I got stopped out then that was taken into account in my trading plan/money management.

Woke up this morning to find all my FX trades had clawed back to about 80% of where I was at 8pm the night before

.

...raising my stop losses now.

cheers,

wadda

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

stocky

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Post Number: 51
Registered: 10-2003

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Votes: 0


Tuesday, March 13, 2007 - 08:56 am:

Well done Lafee and Wadda.

being patient and sticking to your original plan is often very rewarding.

Will you guys be looking to go long dollars for tonight? or going to sit on the sidelines..?

Cheers
Stocky.

stocky

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Post Number: 52
Registered: 10-2003

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Tuesday, March 13, 2007 - 10:38 am:

Just selling some more Eur/Usd up at these levels.

A Fair bit of resistance around this 1.32 level, looking for it to range down to around the 1.30 initially.

Cheers,
Stocky.

lafee

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Post Number: 400
Registered: 04-2003

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Tuesday, March 13, 2007 - 10:43 am:

Stocky,

I'm still long the EURUSD ATM. Will be till at least tomorrow morning.

Cheers Lafee

A working class hero is something to be.

John Lennon

lafee

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Post Number: 401
Registered: 04-2003

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Tuesday, March 13, 2007 - 07:05 pm:

Its a shame I don't believe in the head & Shoulders.

Cheers Lafee

A working class hero is something to be.

John Lennon

stocky

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Post Number: 53
Registered: 10-2003

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Tuesday, March 13, 2007 - 07:24 pm:

i don't get into the chart patterns a lot Lafee, is that a bullish or bearish set-up..?

Cheers
Stocky

lafee

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Post Number: 402
Registered: 04-2003

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Votes: 0


Tuesday, March 13, 2007 - 07:26 pm:

Calling Captain,

We need your wisdom on Gold. Do u think she can go up from here?

Cheers Lafee

A working class hero is something to be.

John Lennon

lafee

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Post Number: 403
Registered: 04-2003

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Tuesday, March 13, 2007 - 07:28 pm:

It's meant to be bearish but as it is a largely unprovable pattern - I don't personally take any notice of it.

Cheers Lafee

A working class hero is something to be.

John Lennon

lafee

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Post Number: 406
Registered: 04-2003

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Votes: 0


Tuesday, March 13, 2007 - 08:37 pm:

I'm seeing that the best shorting potential is on the GBPJPY. Have to wait for it to breakdown, then come back up. But looks the most likely scalp tonight.

Cheers Lafee

A working class hero is something to be.

John Lennon

lafee

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Post Number: 407
Registered: 04-2003

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Votes: 0


Wednesday, March 14, 2007 - 08:06 am:

closed out AUDUSD @ 13197

Cheers Lafee

A working class hero is something to be.

John Lennon

kate

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Post Number: 629
Registered: 04-2005

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Votes: 0


Wednesday, March 14, 2007 - 08:48 am:

Lafee,
Gartman is selling gold at the moment.
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com: 20070312:MTFH96812_2007-03-12_15-15-28_N12397543&type=comktNews&rpc=44

Last week there was also talk of gold being sold to cover the carry trades that went wrong. There is a possibility that there might be a repetition when the rest of the carry trades unwind.

Personally, I have no idea, but wish I did!

Regards
Kate

stocky

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Post Number: 54
Registered: 10-2003

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Votes: 0


Wednesday, March 14, 2007 - 09:48 am:

Most of last night's currency moves were due to JPY buying, so i think we'll see the markets re-adjust and should see a rise in the USD tonight. Retail sales weren't as good as expected, but they weren't all that bad.

This should also be supported by the anticipated drop in Oil which also dragged Gold down.

If the GBP/USD breaks that big support level around where it is now, could see a 80-100pt drop when europe wakes up.

I'm going to take a short stop entry around 1.9250, try to pick up 60 pts.

Still Short EUR/USD aswell.

Cheers,
Stocky

lafee

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Post Number: 408
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Wednesday, March 14, 2007 - 10:42 am:

Might be worth selling value on the GBPJPY, USDJPY and buying value on the EURNZD today. Are we back to the situation we were in a week ago?

Lafee

A working class hero is something to be.

John Lennon

lafee

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Post Number: 409
Registered: 04-2003

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Wednesday, March 14, 2007 - 10:45 am: