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Posts: 19

bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Feb. 24, 2011 - 6:47 PM ET #1

Its early but no sense startn a Feb thread on the 24th..

Wall what do you think of EU here over 1.38?Maybe good for a short here as she gets up to 1.3840-50s...next descent resis is over 1.42..

JPY was/is a good buy about 30 pips ago..bounced right off a line there..most of the other pairs[ones i look at] look to be in limbo

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Feb. 24, 2011 - 7:47 PM ET #2

buck,

It seems strong, the USD being weak with a weak market has me pausing about a short entry. Of course I love it being over 1.38 but the way the USD is acting across the board has me guessing.

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Coondawg71

Rookie

Joined: May, 2007

Posts: 668

Posted: Feb. 28, 2011 - 5:17 PM ET #3

Hey Buck and Wall...

doesn't look like you guys have been doing much trading lately.

Do either one of you have any experience trading the S&P mini futures? I opened a practice account a week ago and that my friends can give you all the action you want.

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Feb. 28, 2011 - 7:30 PM ET #4

Playing mini or full futures is playing in the shark pits for sure..Ive seen more than a few people get chewed up and spit out playing the SPOOs..

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Mar. 4, 2011 - 10:09 AM ET #5

my god how much higher is the euro gonna run? that was ridiculous yesterday morning 141 pip jump in just over 15 min

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Mar. 4, 2011 - 10:14 AM ET #6

Well I bit, took a starter short at 1.40

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Mar. 4, 2011 - 10:22 AM ET #7

railroad tracks are there. should roll over and start back now

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rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 8, 2011 - 12:24 AM ET #8

NZD/USD on a little tear.

First trade since being back in the game,
Going mini lots for the time being.

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Mar. 8, 2011 - 10:02 AM ET #9

Good to have you back in rick..now if you would change political views..

Looking to close out the EU at 150 pips...

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Coondawg71

Rookie

Joined: May, 2007

Posts: 668

Posted: Mar. 16, 2011 - 5:36 PM ET #10

Holy MOLY....hope you guys are on the correct side of these moves...this is OUTRAGEOUS....NZD/JPY down 7% today alone....WOW...what positions are you guys holding.....I have been playing the mini S&P futures practice account...

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Mar. 16, 2011 - 5:59 PM ET #11

I closed my EU a few back so just short the AU from 10 yrs ago is all for me.

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Mar. 16, 2011 - 6:06 PM ET #12

picked up 90 pips this morning on the gbp/usd. hit the second top of the m and shorted

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Mar. 16, 2011 - 10:44 PM ET #13

Glad I wasnt in the way of those yen moves..

Check out the EU.AUD, sucker is up almost 1200 pips from the low, Lb.Yen hit down 1000 pips since yesterday at the low.

I dont get how this liquidity injection can overpower the monster economic mess they are in. If anything the Yen should be considered high risk, but I guess this is more of a flee from the Nikkei than anything else.

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Mar. 16, 2011 - 11:25 PM ET #14

just looked at the eur/chf. its at its lowest since the beginning of january. should be looking for a bounce here. it hit 1.2405 before bouncing. looks like it gonna come back a retest it. if it doesnt take it out, should be good to go long

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Mar. 17, 2011 - 6:30 AM ET #15

snagged just over a 100 pips in about 3 hours and got out

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rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Mar. 17, 2011 - 12:01 PM ET #16

Quote Originally Posted by wallstreetcappers:

Good to have you back in rick..now if you would change political views..

Looking to close out the EU at 150 pips...

Haha,

I was posting in the politics forum about how I shorted NZ after their Earthquake, and the JPY after their recent troubles.

Seems that you could make a living by betting against currency after natural disasters.

Makes you feel kind of crumby but, what are you going to do, right?

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Mar. 18, 2011 - 1:52 AM ET #17

SS EU 1.4075

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Mar. 21, 2011 - 2:30 PM ET #18

Gonna add one at 1.4230 (pretty close to there right now)

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misfits

Banned

Joined: Sep, 2007

Posts: 3720

Posted: Mar. 21, 2011 - 5:35 PM ET #19

lookin at the same. EURUSD at 6 month high, time for a pullback

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March forex

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