An intraday idea which didn't pan out to well. 125 was never able to be broken, and there's some USD strength rearing it's head right now. Hopefully that'll put some tailwinds on my AUD trade.
+18 pips
Wednesday, February 17, 2010
Tuesday, February 16, 2010
New Week
The EURAUD position was stopped out just recently. Too bad, I was hoping for an 'investment' at historical lows.
The Aussie's been on a roll correcting some of it's down-trend and I think it's about time for it to resume. It's already up 1% for the day and I'm counting on some jitters creeping into the market. I'm taking a small intraday play short.
E: .8980
S: .9050
T: .8850
The Aussie's been on a roll correcting some of it's down-trend and I think it's about time for it to resume. It's already up 1% for the day and I'm counting on some jitters creeping into the market. I'm taking a small intraday play short.
E: .8980
S: .9050
T: .8850
Thursday, February 11, 2010
Great week so far...
Currently short (very small) AUDUSD @ .8880
S: .8915
T: .8815
Also, the EURAUD pair is at VERY significant support. I think it's a good doomsday-hedge trade. Should all this Greece stuff send us in a tailspin, chances are the Euro's still safer than a small economy like Oz. Should the Greek worries abate, the Euro could see some recovery, and with a lot of Oz cheer already baked in the cake, maybe the Euro can gain some ground. I have a limit at the moon for now, to be adjusted as the trade progresses.
E: 1.5432
S: 1.5232
T: 1.8000
%AR: 1%
S: .8915
T: .8815
Also, the EURAUD pair is at VERY significant support. I think it's a good doomsday-hedge trade. Should all this Greece stuff send us in a tailspin, chances are the Euro's still safer than a small economy like Oz. Should the Greek worries abate, the Euro could see some recovery, and with a lot of Oz cheer already baked in the cake, maybe the Euro can gain some ground. I have a limit at the moon for now, to be adjusted as the trade progresses.
E: 1.5432
S: 1.5232
T: 1.8000
%AR: 1%
Wednesday, February 10, 2010
One Big Trade...
...three little trades.
+82 (previously mentioned below)
+94
+105
TOTAL: +281 pips
A great week already, thanks to pretty stellar Australian employment figures which came out tonight at 19:30EST. I have a buy order to re-enter @ .8780, although I could see the market consolidating this huge surprise for the rest of the week.
+82 (previously mentioned below)
+94
+105
TOTAL: +281 pips
A great week already, thanks to pretty stellar Australian employment figures which came out tonight at 19:30EST. I have a buy order to re-enter @ .8780, although I could see the market consolidating this huge surprise for the rest of the week.
Scalp Time
E: .8750
S: .8715
T: .8815
Cititechs went long AUD so we'll see if we can ride the coat-tails a bit.
S: .8715
T: .8815
Cititechs went long AUD so we'll see if we can ride the coat-tails a bit.
Re-Saddle
...we'll treat the quick case of the jitters as a short trade which made a profit of +10 pips.
In, other words, same parameters as before.
.8721/.8550/.8950
In, other words, same parameters as before.
.8721/.8550/.8950
Sold to Close
@ .8731 for +82 pips
I have a buy stop @ .8790 in case we rip back.
Otherwise I'm going to keep the profits and stalk a better entry/new bias.
I have a buy stop @ .8790 in case we rip back.
Otherwise I'm going to keep the profits and stalk a better entry/new bias.
Tuesday, February 9, 2010
Trade Adjustment
Since this idea has worked in my favor, I'm reigning in the stop and the raising the target for a decent r/r ratio.
Stop: .8550
Target: .8950
Stop: .8550
Target: .8950
Monday, February 8, 2010
Reversed Position
+16 pips on close.
E: 8649
S: 8450
T: 8850
Loose r/r for now, to build into. Bad news is getting less response than it typically was in the last few weeks (lack of powder??) And as a good friend reminds me, the Daily 200SMA is lingering below.
If a breakdown occurs, we'll know it for sure and look to enter on a retrace.
E: 8649
S: 8450
T: 8850
Loose r/r for now, to build into. Bad news is getting less response than it typically was in the last few weeks (lack of powder??) And as a good friend reminds me, the Daily 200SMA is lingering below.
If a breakdown occurs, we'll know it for sure and look to enter on a retrace.
Friday, February 5, 2010
Which way did he go George, which way did he go?
...NFP is lighting the market's crackpipe.
Negative NFP results are weakening the dollar, but initially there was a knee-jerk upward (USD) move due to the news' addition to the already bleak global economy.
Carry-traders are seeing it as positive, as their yield differentials remain, and Bears are seeing it as negative.
Perfect time to jump ship on a Friday! There's most likely more volatility, but it'll probably be illogical and halt at some unpredictable point in the day.
+152 pips
(week total apx. 260 pips)
2.36 R
Negative NFP results are weakening the dollar, but initially there was a knee-jerk upward (USD) move due to the news' addition to the already bleak global economy.
Carry-traders are seeing it as positive, as their yield differentials remain, and Bears are seeing it as negative.
Perfect time to jump ship on a Friday! There's most likely more volatility, but it'll probably be illogical and halt at some unpredictable point in the day.
+152 pips
(week total apx. 260 pips)
2.36 R
NFP on the way.
The open trade is up about 200 pips. Funny thing is I could see that erased in just a few minutes.
We'll see.
We'll see.
Wednesday, February 3, 2010
Early NYC morning
...looks like we may see some consolidation ahead of the BOE & ECB decisions tomorrow @ 7am.
Good reason to hit the hay!
Stop adjustment: .8940
Good reason to hit the hay!
Stop adjustment: .8940
Change of Plans
I had to close my open orders last night. We had company while watching the season premiere of LOST.
Unfortunately missed a nice entry.
Went short at market just now.
S: .8960
T: .8570
Unfortunately missed a nice entry.
Went short at market just now.
S: .8960
T: .8570
Tuesday, February 2, 2010
Wedgie Adjust
Market's pulled up a bit.
Closed 2nd half for +46 pips.
Selling into today @ .8910
Buying @ .8820
S/L on either will be 50 pips ((.25% risk) the remainder of the 2nd position.)
Closed 2nd half for +46 pips.
Selling into today @ .8910
Buying @ .8820
S/L on either will be 50 pips ((.25% risk) the remainder of the 2nd position.)
Half Off
For one reason or another, the market is showing signs of life. I've watched many a 'good' trade go sour so I've closed half the position for a gain of 73 pips.
Stop moved to b/e (adjusted for rollover cost) @ .8908
Stop moved to b/e (adjusted for rollover cost) @ .8908
Monday, February 1, 2010
Update
RBA is leaving rates unchanged.
Price took a lovely dive, so I'm going to take profits on half the position if we can reach .8750 and move the S/L to break even to see if there's some follow through on the down trend. Most expected rates to increase, so this is a bit of a surprise.
Price took a lovely dive, so I'm going to take profits on half the position if we can reach .8750 and move the S/L to break even to see if there's some follow through on the down trend. Most expected rates to increase, so this is a bit of a surprise.
Sunday, January 31, 2010
Fade Time
Here's an idea I'm working on with one of my big influences over at ForexLive .
The idea is to fade the strength we get from the potential RBA rate hike, playing on te idea that the downtrend will resume.
ENTRY: .8910
STOP: .8970
TARGET: .8750
(EDIT: added 10 pips to the stop in order to give it a little more breathing room)
(UPDATE: Filled @ 14:40EST Monday )
The idea is to fade the strength we get from the potential RBA rate hike, playing on te idea that the downtrend will resume.
ENTRY: .8910
STOP: .8970
TARGET: .8750
(EDIT: added 10 pips to the stop in order to give it a little more breathing room)
(UPDATE: Filled @ 14:40EST Monday )
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