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Realities of Forex Investment
TNT
#2781 Posted : Thursday, July 24, 2014 10:41:54 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


It's likely to go much higher than 0.9430. In fact, it is likely to go beyond 0.9477 (47+ pips from your TP), but before it starts on an upward trajectory, it may drop to the 0.93852 during the Asian Session. Overall, I think it will be bullish. My TP is @0.9500, but I am open to the fact that it may not happen this week given that it is about 83 pips away from the current price. So far, I'm +26 pips on the trade, but was 50+ pips at one point during the London Session.
Sufficiently Philanga....thropic
#2782 Posted : Thursday, July 24, 2014 10:44:26 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


Must be tough being bullish in a bearish trend. Hope you close it before week close. Next week will be tricky with sentiment continuing to favor the bears as Fed decides on interest rate and pace of treasury purchase on Wednesday then there is the non farm payrolls on Friday.Good thing you're also bearish so risk is minimal.
@SufficientlyP
hisah
#2783 Posted : Friday, July 25, 2014 6:23:34 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


Must be tough being bullish in a bearish trend. Hope you close it before week close. Next week will be tricky with sentiment continuing to favor the bears as Fed decides on interest rate and pace of treasury purchase on Wednesday then there is the non farm payrolls on Friday.Good thing you're also bearish so risk is minimal.

Fast trade takes an hr or two. Already out of it. The idea was to play the NY session bounce from the oversold levels. The larger trade is the short @.9452

Today scoping silver. Shorts favoured in london and ny sessions.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
TNT
#2784 Posted : Friday, July 25, 2014 9:22:42 AM
Rank: Member

Joined: 5/22/2009
Posts: 206
hisah wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.


Must be tough being bullish in a bearish trend. Hope you close it before week close. Next week will be tricky with sentiment continuing to favor the bears as Fed decides on interest rate and pace of treasury purchase on Wednesday then there is the non farm payrolls on Friday.Good thing you're also bearish so risk is minimal.

Fast trade takes an hr or two. Already out of it. The idea was to play the NY session bounce from the oversold levels. The larger trade is the short @.9452

Today scoping silver. Shorts favoured in london and ny sessions.


Bulls are likely to take out the 0.9452 levels during today's sessions. Unless you have a very wide S/L for your short trade, you might be in trouble.


alutacontinua
#2785 Posted : Friday, July 25, 2014 1:26:25 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
@TNT there are mentioned bids @0.94 which seem to be keeping AUDUSD afloat. Currently waiting on Durable Goods orders which could see us head up back to 0.945x levels if not then stops @0.9375 could be a possible target.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
hisah
#2786 Posted : Friday, July 25, 2014 3:38:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.

Pips booked on the short trade @.9405.

@TNT - yes .94 has bids defending that zone.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
TNT
#2787 Posted : Saturday, July 26, 2014 11:30:44 AM
Rank: Member

Joined: 5/22/2009
Posts: 206


@hisha: Seems your short trade was right on the money with this one. In fact, I'll cancel my long trade as soon as the market opens early Monday because this pair is likely to drop to the 0.92730 level before starting an up trend - see attached image.
Sufficiently Philanga....thropic
#2788 Posted : Monday, July 28, 2014 9:41:02 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@TNT,the trend is your friend!
@SufficientlyP
Sufficiently Philanga....thropic
#2789 Posted : Monday, July 28, 2014 9:50:31 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
hisah wrote:
Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0

I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.

Pips booked on the short trade @.9405.

@TNT - yes .94 has bids defending that zone.

Congrats Sir Hisah. And the pair is still bleeding,still bearish.Broken the .9400 barrier.
@SufficientlyP
Internet
#2790 Posted : Monday, July 28, 2014 10:02:45 AM
Rank: New-farer

Joined: 12/16/2009
Posts: 33
Made quick pips on shorting GBP/CHF at 1.5366
396 Pages«<277278279280281>»
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