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 FOREX TRADING HQ VER 4, Speculators, scalpers and traders wanted

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TSAdamG1981
post Sep 11 2008, 02:50 AM, updated 17y ago

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Welcome welcome all! rclxms.gif

First timers in Forex, here's a couple of links for you!

www.babypips.com - Best introduction site for forex trading
www.dailyfx.com
www.forexfactory.com



Added on September 11, 2008, 7:05 amUpdate:

Euro dipped below 1.40, Aussie dipped below 0.80, both currency marked new lows against the dollar.

This post has been edited by AdamG1981: Sep 11 2008, 08:37 AM
TSAdamG1981
post Sep 11 2008, 10:29 AM

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This week no more forex for me; got caught by the surprisingly strong aussie employment number! Ouch! . Reducing the risk on my portfolio. Shorting FKLI instead.

This post has been edited by AdamG1981: Sep 11 2008, 10:30 AM
TSAdamG1981
post Sep 11 2008, 11:37 AM

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QUOTE(billytong @ Sep 10 2008, 07:55 PM)
I think the drop of euro is getting near. We have getting near to pre-subprime value. Shorting will be a little bit tighter now. I am back to scalping short while holding the swing short that is on top.
*
Good idea Billy. I will not trade today and tomorrow. No luck in my trades today. Back to shorting FKLI. Good luck, see you tomorrow.
TSAdamG1981
post Sep 11 2008, 01:50 PM

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QUOTE(howszat @ Sep 10 2008, 10:11 PM)
Did you have a long position on the AUD?  unsure.gif
*
Short position, i closed it way too early. But tonight there's two event risk for the dollar. SO i didn't dare to hold it.
TSAdamG1981
post Sep 11 2008, 05:25 PM

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UJ and EJ, very good choice. biggrin.gif

That two pairs got you lots of pips. Down trend all the way! Massive deleveraging.
TSAdamG1981
post Sep 11 2008, 06:53 PM

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Any more room for EJ to continue declining?
TSAdamG1981
post Sep 11 2008, 09:07 PM

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Shorted EJ @ 148.57. Holding this position open
TSAdamG1981
post Sep 11 2008, 09:26 PM

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QUOTE(kelvin_tan @ Sep 11 2008, 06:15 AM)
Adam nice shorting on EJ.. was uncertain so didn't short ><
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Thanks, now i wonder if i should leave this position open since i want to go bed badly
TSAdamG1981
post Sep 11 2008, 09:48 PM

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QUOTE(kelvin_tan @ Sep 11 2008, 06:38 AM)
hahah just cash out la..being greedy is the main killer of forex biggrin.gif
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laugh.gif I will stay awake for 2 more hrs.


QUOTE(normeck @ Sep 11 2008, 06:41 AM)
dont try this at forex.... tongue.gif
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You are one crazy guy.... blink.gif
TSAdamG1981
post Sep 11 2008, 10:01 PM

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Yah, coz Trichet going to talk later.

Thanks for the tips guys.
TSAdamG1981
post Sep 12 2008, 05:20 AM

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Closed my short on EJ @ 147.75. Bagged in some pips but missed out on the run up of EJ.

DAMN!!
TSAdamG1981
post Sep 12 2008, 08:54 AM

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Today's trade:

B200825600UXD00 Sell EUR/JPY EUR 50000 150.159 SP 12/9/2008 8:32:58 AM
B200825600V4C00 Buy EUR/JPY EUR 50000 149.903 SP 12/9/2008 8:43:05 AM
B200825600V4Z00 Buy EUR/JPY EUR 50000 149.797 SP 12/9/2008 8:43:32 AM
B200825600V5D00 Sell EUR/JPY EUR 50000 149.863 SP 12/9/2008 8:44:16 AM

TSAdamG1981
post Sep 12 2008, 09:21 AM

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QUOTE(kelvin_tan @ Sep 11 2008, 06:04 PM)
wow adam u sure wake up early biggrin.gif
EJ rebounded last night.. but unable to pierce the 150.679 daily pivot =/
*
Early bird catches the worm! biggrin.gif
TSAdamG1981
post Sep 12 2008, 03:46 PM

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EJ shows signs of turnaround. I got burnt just now. Seems like its going to up a bit. I would wait till 5 pm after the print is released.



This post has been edited by AdamG1981: Sep 12 2008, 03:47 PM
TSAdamG1981
post Sep 12 2008, 05:12 PM

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I won't want to short EU, EJ, or GJ for that matter. Saw all three charts showing signs of reversal.


TSAdamG1981
post Sep 13 2008, 04:32 AM

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Not a bull trap, the Fed funds futures is pricing in a 0.25% cut this coming 16. And the Lehman issue is causing more mess. Personally i think it will continue to go up. Just take a look a the weekly bar candle. Shows you a big reversal clue.

Just my 2 cents.

This post has been edited by AdamG1981: Sep 13 2008, 05:13 AM
TSAdamG1981
post Sep 13 2008, 06:00 AM

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QUOTE(mphpopular @ Sep 12 2008, 02:51 PM)
Yeah, I setting up a tight SL to see what happen in GJ. At least to secure up my profit. On GJ, if based on weekly chart, it is not a good entry to take for a LONG based on risk reward ratio, or based on technical.

Will post up chart during weekend to explain further. Now wanna kill all mosquito in my room. Keep biting me and make me cant sleep whole night. Tak tahan.
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MPH, are you sure? I see a hammer @ the weekly chart. I think it's more likely a reversal, might even hit the 200 ema, 213 or 50 ema 205

This post has been edited by AdamG1981: Sep 13 2008, 06:31 AM
TSAdamG1981
post Sep 13 2008, 06:03 AM

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QUOTE(mphpopular @ Sep 12 2008, 03:01 PM)
This is an DOJI or an HAMMER?

No matter what is it? Next week will be a interesting week for GU, if it form a formation like below, guess it is a good point to go again.
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MPH, that's a hammer. If Lehman get's bailed out, financial market will rally again and yen will again depreciate due to more market participants engaging in more risky investments.
TSAdamG1981
post Sep 13 2008, 07:05 AM

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Many traders thought the ECB and BoE will cut rates first but its increasingly likely that U.S will cut first since PPI and CPI have cooled down tremendously. The US economic down risk is now more significant than inflation fears. When US feds meet on the 16th, i will believe that their wordings will change, indicating they will cut rates sooner rather than later.
TSAdamG1981
post Sep 13 2008, 08:31 AM

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QUOTE(billytong @ Sep 12 2008, 04:26 PM)
things have changed now, first ECB is assured that they will not be cutting rates this year. Then with the US red data like this, there is a possibility that US gonna run into another round of rate cut which could send euro back to 1.5. I wont be surprise that Next Monday morning open we have a Price gaping like this Monday.
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You are indeed right Billy. Obviously the status quo has changed. And now the shorts are targeting Merril Lynch to be the next Lehman.
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