TRADER'S CORNER

jpboard1

Scalping usd/jpy today. In profit.

looking to enter aussie soon. just want to get the entry as clean as possible.

jpboard1

jpboard1 wrote: »

Scalping usd/jpy today. In profit.

looking to enter aussie soon. just want to get the entry as clean as possible.

Order triggered this morning at .6998. Long.

For ever odd

jpboard1 wrote: »

Order triggered this morning at .6998. Long.

Are you still long from 71.80?

jpboard1

For ever odd wrote: »

Are you still long from 71.80?

Yes indeed. Large exposure now in commodity space.

jpboard1

jpboard1 wrote: »

Yes indeed. Large exposure now in commodity space.

Closing short term position for 50 pips profit. Will wait to re-enter long again.

JONJO THE MISER

Well that was a nice few days of rest waiting for my eur/usd short to come into profit.
Now lets get back to some scalping.

jpboard1

JONJO THE MISER wrote: »

Well that was a nice few days of rest waiting for my eur/usd short to come into profit.
Now lets get back to some scalping.

Do you only use 2.5% of your equity at a time?

jpboard1

Back into Aussie at .7025

JONJO THE MISER

jpboard1 wrote: »

Do you only use 2.5% of your equity at a time?

Yes.

jpboard1

JONJO THE MISER wrote: »

Yes.

I wonder could you be getting more out your equity. As long as the trades are unrelated, it shouldn't be high risk to have more than one open. Even better if one slightly hedges the other.

JONJO THE MISER

jpboard1 wrote: »

I wonder could you be getting more out your equity. As long as the trades are unrelated, it shouldn't be high risk to have more than one open. Even better if one slightly hedges the other.

Yeah your probably right but im just being ultra cautious, im happy to make small profits.

For ever odd

Maybe it's just me, but I cannot understand how anyone can hold a trade/position 100 points offside. Surely after 20 points (max) you would know your entry was wrong.

Can someone explain this, as I don't know this strategy.

arrowloopboy

For ever odd wrote: »

Maybe it's just me, but I cannot understand how anyone can hold a trade/position 100 points offside. Surely after 20 points (max) you would know your entry was wrong.

Can someone explain this, as I don't know this strategy.

Its all according what t/f your trading ,and what your target for the trade is,i trade medium term ,anything up to an annual ,but usually sub 6mts.
I've often been multiples of 100 points offside ,but that's fine if your hunting 1000/2000 points .
I'm very busy,i run a company ,I don't have the time/or room in my brain for the noise scalping creates,hence,I trade the way I do, it suites me ,simples:D.

arrowloopboy

JONJO THE MISER wrote: »

Yeah your probably right but im just being ultra cautious, im happy to make small profits.

You'll never go broke been cautious ,I trade 2% usually,per trade ,with anything up to 20 positions open at any 1 time ,short and long,unless their directly correlated ,I don't see the problem .

For ever odd

arrowloopboy wrote: »

Its all according what t/f your trading ,and what your target for the trade is,i trade medium term ,anything up to an annual ,but usually sub 6mts.
I've often been multiples of 100 points offside ,but that's fine if your hunting 1000/2000 points .
I'm very busy,i run a company ,I don't have the time/or room in my brain for the noise scalping creates,hence,I trade the way I do, it suites me ,simples:D.

I don't have much time either, I set the limit order alert, and I might try a few times before % risk is reached. Same but different.

jpboard1

Big day today lads. Let's hope it pans out. A lot riding on it.

Fizman

http://www.efxnews.com/story/30277/what-expect-nfp-views-15-major-banks

Some might find this link useful, a snapshot of the thoughts of 15 major institutions on todays figures.

For ever odd

Check out Fed lackers comments.
http://www.marketwatch.com/story/feds-lacker-lays-out-case-for-rate-hike-regardless-of-aug-job-report-2015-09-04

jpboard1

I would think the hike is definitely coming sep or oct. could see dollar back to 98 level ish before sellers come in again.

For ever odd

Anyone here following Switzerland? central bank meeting 17 September, deflation is setting in, what can/will they do?

jpboard1

Still expecting eur/usd to weaken

JONJO THE MISER

Have not been doing much trading this week, only a few scalps on Dax and Ftse.

jpboard1

JONJO THE MISER wrote: »

Have not been doing much trading this week, only a few scalps on Dax and Ftse.

Looks like markets are returning to normal service after the blip we had. Usual panic over nothing. I'd say some people did very well out of it.

jpboard1

Going short EUR/USD here: 1.11829. Could see it near previously lows

For ever odd

jpboard1 wrote: »

Anybody trade GBP/NZD?

Filled at 24182 short, 20 point stop. Technical trade.

jpboard1

For ever odd wrote: »

Filled at 24182 short, 20 point stop. Technical trade.

Can I ask what kind of r:r would you be hoping for in a trade like that?

For ever odd

jpboard1 wrote: »

Can I ask what kind of r:r would you be hoping for in a trade like that?

Sorry, but I don't do hope!

I will have look again if it goes sub 23977.

How are the fundimentals?

jpboard1

For ever odd wrote: »

Sorry, but I don't do hope!

I will have look again if it goes sub 23977.

How are the fundimentals?

What technicals did you use to enter?

Fundamentals look good in general for pair but can't account for noise.

Fizman

jpboard1 wrote: »

Going short EUR/USD here: 1.11829. Could see it near previously lows

I have a similar position / entry point as yourself.

jpboard1

Fizman wrote: »

I have a similar position / entry point as yourself.

What is your target?