I realize I’m late to the party (because I missed the first candle close outside the box we identified yesterday), but I’m in a small position on the EURUSD long.
Since I’m in this trade signal off of a larger time frame chart, my stop is pretty deep and I expect to have to be very patient w/ this trade.
SL 1.4620, PT 1.5090
What are you watching/trading?
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
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Short the AUDUSD on long term basis…. obviously it is going against me at the moment
Who is reading this? someone say “Hi” this is the loneliest blog in town…. ha ha ha
Any suggestions on how I get people to participate? I’ve asked and made a case for it and everything I can think of.
Jeffrey used to participate, but he’s away with personal stuff.
Gail writes in when she’s trading, but I get the impression she’s as fed up w/ the charts as I am.
Aby used to share, but he’s busy backtesting.
I don’t know everyone elses’ excuse.
I saw the USDCAD and the AUDUSD break trendside, but it is very difficult for me to trade to the trend after such over extension. HOWEVER…I think the could both trend for quite a long time w/ the move to commodity driven pairs.
Luckily, neither of those pairs triggered a counter-trend trade for me.
What was your trigger on the AUD?
I should clarify that I’m watching this pair on the 4h chart. The continuing weakness of the dollar is based on a broader-based opinion of the market and those broad based moves can be very tricky to trade on short time frames.
Basically, when the big picture changes the story is being told in the big picture time frames.
Hi Everyone and JerryN … I do read the ideas, but as Triffany said … I am busy backtesting … cough cough !!! yes thats right !!!! Whats that program again ? forexchester ? … I am mad at the AUD right now ! and feel its been very naughty ! But if you are looking for a good long term trade. Rumor has it that the GBPAUD, I know you might not trade it or test it but check this out, its reached its lowest price for 25 years … and if you speak “Rob Booker” thats about 2,628,000 5min candles away from somewhere!!! … if you do go in on something like this, its a long term thing with good money management could make you a fist full dollars !!!!
Regards to ALL especially JerryN !
Oops … i exaggerated there the GBPAUD is the lowest since 1996 …
Aaabbyyy…you’re supposed to be backtesting.
Alright..well, the 4hour candle on the EURUSD looks TERRIBLE. If this next 4h candle confirms the reversal I’ll be out… but I have to wait another FOUR freaking hours!! lol
Aaaarrghh !!! Caught red handed !!!! Must activate cloaking device !!!
I am waaaaaay tooooo busy TESTING to post but apparently my secretary has pointed out that we got a lot of support on the GBPJPY Daily at 140, and looking at the Daily chart if you draw a trend line accross the high’s of that lower consolidation area and possibly go down to the 4HR chart we could be seeing a break and a move back up … yeah right !!! what does she know ????? … back to your typing, woman !!!
On a side note … is it possible for ALL the currency pairs to ALL go up ???? Except for maybe the USDCAD, what exactly is going down ????
Well this was pretty good reading today….
As for the EUR/USD, I have been long for a while but I think that the trend may be getting tired. My take profit is set at 148.90… Not sure I’m brave enough to hold out for a 150+ target.. that is a big psychological hurdle. But I can guarantee that Triffany’s got me on the being right side…
I’m tightening my stop on this to 1.4740
Still long and tightening my stop to 1.4775
Missed my profit target by just a teensy bit. I’m tightening my stop to 1.4930 which locks in profit on all but one of my positions.