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August 2010 Forex Discussion

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bucknuts

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Posted: Aug. 23, 2010 - 8:02 PM ET #26

Taking a long here in LB/JPY...13184....shooting for 50 pips here

GL fellas

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wallstreetcappers

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Posted: Aug. 23, 2010 - 10:46 PM ET #27

I added another at 131.20

I dont mind it taking a while, it could even go lower the way that risk off seems to be working.

Of course my EU trade left a zillion pips on the table...

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bucknuts

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Posted: Aug. 23, 2010 - 11:32 PM ET #28

yeah...i jumped early but we should be close to a turnaround in this pair

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bucknuts

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Posted: Aug. 24, 2010 - 7:41 AM ET #29

.....Wow i dont know whats up lately...i added guess we will see what happens...i cant get stuck in this one too....

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wallstreetcappers

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Posted: Aug. 24, 2010 - 10:05 AM ET #30

Same here, add just now at 128.8

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bucknuts

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Posted: Aug. 24, 2010 - 8:24 PM ET #31

So do we hold here Wall or is it back to the May FLASH low?

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wallstreetcappers

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Posted: Aug. 24, 2010 - 9:05 PM ET #32

Quote Originally Posted by bucknuts:

So do we hold here Wall or is it back to the May FLASH low?

I think they try to support it tomorrow..but if the numbers continue to be bad then she should keep going down.

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wallstreetcappers

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Posted: Aug. 25, 2010 - 2:50 PM ET #33

Holy reversal batman.

100 pt plus reversal, par for the markets lately.

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bucknuts

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Posted: Aug. 25, 2010 - 7:07 PM ET #34

Wish id waited for 128s to add....plus $$$ now though,gimme 20 or so more pips and im out

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wallstreetcappers

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Posted: Aug. 25, 2010 - 11:58 PM ET #35

My average is 131.76 so finally back near even, lets see if they can keep this move going.

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bucknuts

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Posted: Aug. 26, 2010 - 5:17 AM ET #36

I got double what i was looking for but its never easy anymore it seems like...i dont like to beat myself up over these trades but man seems like its getting harder...maybe im using to many indicators just got some info overload going on..strip it back down to basics use crosses and RSI!!!???

CHF and JPY are are messn with my head but if i can keep pulln a trade or two a week with those on the back burners,ill just keep rolling...

Hope you get your limit this morn Wall..and to the rest of you fellas

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wallstreetcappers

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Posted: Aug. 26, 2010 - 11:37 AM ET #37

buck,

That CHF trade is just an anchor, it is effecting your thinking for sure.

The chart looks terrible, it reminds me of the beating I took last year on that Lb.Yen trade I did..man it was pain until it reversed and I got out.

So you are in the US.Yen AND the CHF?

No wonder you are stressing out.

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wallstreetcappers

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Posted: Aug. 26, 2010 - 4:07 PM ET #38

Wow..

They punched it below 10k, I am a little shocked..

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bucknuts

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Posted: Aug. 26, 2010 - 6:27 PM ET #39

Quote Originally Posted by wallstreetcappers:

buck,

That CHF trade is just an anchor, it is effecting your thinking for sure.

The chart looks terrible, it reminds me of the beating I took last year on that Lb.Yen trade I did..man it was pain until it reversed and I got out.

So you are in the US.Yen AND the CHF?

No wonder you are stressing out.

Yeah i been in these for weeks,CHF has been a few months...had a chance to get out of JPY with profit but was looking for more pips

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bucknuts

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Posted: Aug. 27, 2010 - 2:58 PM ET #40

What are you looking for out of LB/JPY Wall??

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wallstreetcappers

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Posted: Aug. 27, 2010 - 3:56 PM ET #41

buck,

I have 4 lots..so if I can get 500 pips then it would make the wait worthwhile. Ive been hanging around this trade a long time.

133.25 or so would get me almost 600..I will shoot for that.

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bucknuts

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Posted: Aug. 27, 2010 - 6:18 PM ET #42

NICE

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bucknuts

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Posted: Aug. 29, 2010 - 7:20 PM ET #43

133s Wall...shes running no real resis until just over 134 now and its not really resis just a high from early in the month...i say its hits ur target in next few hrs

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wallstreetcappers

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Posted: Aug. 29, 2010 - 7:31 PM ET #44

Agree with you, chart really firming up.

I bet I sell early here too.

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wallstreetcappers

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Posted: Aug. 29, 2010 - 7:33 PM ET #45

Forgot to say, the move is in anticipation of the monday meeting.

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bucknuts

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Posted: Aug. 29, 2010 - 7:36 PM ET #46

If it keeps running and clears mid 134s nothing in the way to 137 really...i wouldnt call 600 pips early though

.....Nice trade Wall

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bucknuts

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Posted: Aug. 29, 2010 - 9:19 PM ET #47

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wallstreetcappers

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Posted: Aug. 29, 2010 - 9:33 PM ET #48

These last few trades are taking longer than I want.

With longer hold times ad higher risk, I have to get more pips on the trade.

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bucknuts

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Posts: 8951

Posted: Aug. 29, 2010 - 10:04 PM ET #49

Nothing wrong with that

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wallstreetcappers

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Posted: Aug. 29, 2010 - 11:55 PM ET #50

Damn..

I was going to short the Lb.Yen at 133.50 but thought I would wait until closer to the news release..well they released it and tanked the pair 100 pips quick.

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August 2010 Forex Discussion

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