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April forex is for fools addition

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wallstreetcappers

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Posted: Aug. 21, 2012 - 11:13 AM ET #51

Added 1.2485 right here..

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Aug. 23, 2012 - 4:50 PM ET #52

Yeah this trade sucks..I'm not down much right now I could bail and jump in EU short...wish I had seen my pair earlier closer to 80 though

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Aug. 23, 2012 - 5:22 PM ET #53

buck,

The pair seems to be going in your general direction. How much further till you are ok?

I'm fine holding and waiting on this EU, I just add every hundred or so.

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Aug. 24, 2012 - 10:27 AM ET #54

I need 8060s to see profits Wall...it'll come around at some point

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bucknuts

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Posted: Sep. 14, 2012 - 9:03 AM ET #55

Ok we r back in business..I guess I should thank the fed for the last little push here...even though its already been said the new will have a bigger impact than their planned bond spending spree

What r u holding Wall @ whats ur avg?

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 14, 2012 - 9:05 AM ET #56

Iphone not siphoned damned autocorrect I forget to proofread when posting with phone..fix and delete this for me Wall?

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Sep. 14, 2012 - 12:34 PM ET #57

buck,

Sliding into this EU short, we flip flopped..you made a move off the FED, I moved into a position again due to the FED.

I am not afraid of this EU short, I can ride it a long long time..

I am quite pleased you are looking good again. Are you in or out?

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wallstreetcappers

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Posts: 56778

Posted: Sep. 14, 2012 - 1:24 PM ET #58

About what I have, started my short and been adding, last add was 1.3150 today, started staggering buys so not at exactly 100 pips per add.

It always seems that the best trades are the toughest and the longest.

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 16, 2012 - 11:35 PM ET #59

Seems like all my trades have been tough last few times but ive managed to make some good coin..I'm only in Eu short now..jumped in just over 1.31 shoulda waited coulda got a better price but no biggie I don't think this one will take very long

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Sep. 17, 2012 - 12:16 AM ET #60

buck,

Glad we are both on the same side now..and glad you got out of that Eu.Lb long..that was a painful trade but since you had margin and the ability to leg in the trade worked out.

That goes to show if you have the ability to manage a position, unless you get completely smacked on the wrong side, you can work it through and not have to take an immediate loss.

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 17, 2012 - 12:14 PM ET #61

Just cant start with more than two lots and dont go crazy adding..

Hoping we can clear this trade this week..a better trade may have been AUD its down 130 pips and a close below 1.0440s prob lets it slide to low 1.03s

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wallstreetcappers

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Posts: 56778

Posted: Sep. 17, 2012 - 12:36 PM ET #62

I think the AUD is way over valued..I think fair value is in the low 90s before I would buy.

Global slowdown means less demand for the very very narrow Aussie export industry.

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 17, 2012 - 2:16 PM ET #63

I meant sell not buy Wall...woulda been nice to jump in short over 1.06..been steady droppn ever since...already coulda been out with a quick 150 and i think 1.03s coming soon

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 18, 2012 - 7:43 AM ET #64

Moving our way ..AUD down to low 1.04s...i dont have my MT4 on this laptop but im sure its moved @ closed below one of the MAs i was watching i wanna say it was 1.0320s i had on my chart for a target but not sure...ill check in later today when i get to look over the charts

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wallstreetcappers

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Posts: 56778

Posted: Sep. 18, 2012 - 1:06 PM ET #65

So did you get in that short?

EU working in our direction but I am not accepting anything but a big move.

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 18, 2012 - 2:45 PM ET #66

Only Eu shrt..I take 100 pips when it comes

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wallstreetcappers

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Posts: 56778

Posted: Sep. 18, 2012 - 10:01 PM ET #67

You cannot be too far away now, right?

The Euro is going to get smacked down once the drama starts up again about Greece or Spain or Portugal..and it will.

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 19, 2012 - 1:55 AM ET #68

I was close Wall but still in...i agree though Eu will fall off table at some point..

Looking at my MT4 charts the 50 sma on AUD daily is around 1.0429 i was looking for a close below there for another leg down...not that it matters since i didnt jump in that one but the ones i dont trade usually go better..

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bucknuts

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Posts: 8951

Posted: Sep. 20, 2012 - 4:10 AM ET #69

They r moving tonight..ill update when I get home

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bucknuts

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Joined: Oct, 2005

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Posted: Sep. 20, 2012 - 7:03 AM ET #70

Well i just closed that EU trade got more than i thought i would...it actually dropped another 25 or so since my last post..AUD also got down to 1.0360s

Was able to spot two good trades this week even though i only pulled the trigger on one ill take it...maybe ill get lucky and something else will pop up but its Thurs,might b done for the week

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Sep. 20, 2012 - 9:10 AM ET #71

Nice work!

I imagine being flat for a moment is foreign to you!

lol

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 20, 2012 - 2:52 PM ET #72

Its nice for sure but I really don't stress over holding trades anymore seems like I always had a trade in the works...kinda miss it already lol

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bucknuts

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Joined: Oct, 2005

Posts: 8951

Posted: Sep. 23, 2012 - 8:14 PM ET #73

GL this week

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Sep. 23, 2012 - 8:29 PM ET #74

What do you have an eye on tonight?

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Sep. 25, 2012 - 11:28 PM ET #75

I havent been looking at charts till tonight Wall...everything i watch hasnt hit an area i feel i can trade yet..shoulda jumped in CHF long when i exited EU..

What level r u lookn to exit EU,i know u got a price in mind where do u think shes going near term..

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April forex is for fools addition

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