FXLR - Live Room Morning Summary - Wed 11 Nov 2009
A few small trades today. Most had the 2nd half stopped at b/even. Total: +10 pips on the day. A few more trade ideas which seemed to do better again! Cable and Yen shorts did well. GBP-Yen netted a bag full for more than one. Well done guys.
Trades Taken:
1. long: GBP/USD @ 1.6753 (+12, 0). Channel.
2. short: USD/CAD @ 1.0448 (-7). Flag.
3. short: GBP/JPY @ 148.74 (+12, 0). Flag.
4. short: GBP/USD @ 1.6550 (+10, 0). Descending Triangle.
Other trading opportunities mentioned and pointed out that were taken by members:
1. Cable: Triangle break @ 1.6631, moved to 1.6533.
2. Euro: Double top break @ 1.5017, moved to 1.4952.
3. Swissy: Double bottom break @ 1.0055, moved to 1.0098.
4. Cable: Flag break @ 1.6646, moved to 1.6618.
5. Yen: Pennant break @ 89.79, moved to 90.02.
Happy Trading,
FXLR Team
Wednesday, 11 November 2009
Tuesday, 10 November 2009
FXLR - Live Room Morning Summary - Tues 10 Nov 2009
FXLR - Live Room Morning Summary - Tues 10 Nov 2009
It was a faiurly strange day today, with no real set ups appearing. Not that we can speak of, although we did a few highlighted possibilities that did net a few pips. But there were no official trades called today.
There were a few minor set ups, though, with just a possible swing low/high break here and there, even them without much momentum. All pairs traded with the daily range.
A couple of members took 18-20 pips on a CAD short, but that was about it. Cable was very volatile, moving within it overall asian session range.
Euro and Aussie trading near recent highs, Swissy trading near recent lows.
Yen is mixed, no real direction, just waiting for key levels to break to confirm the next move.
Sorry to be so negative, but not much happene dtoday. Tomorrow is a new day...!
Happy Trading,
FXLR Team
It was a faiurly strange day today, with no real set ups appearing. Not that we can speak of, although we did a few highlighted possibilities that did net a few pips. But there were no official trades called today.
There were a few minor set ups, though, with just a possible swing low/high break here and there, even them without much momentum. All pairs traded with the daily range.
A couple of members took 18-20 pips on a CAD short, but that was about it. Cable was very volatile, moving within it overall asian session range.
Euro and Aussie trading near recent highs, Swissy trading near recent lows.
Yen is mixed, no real direction, just waiting for key levels to break to confirm the next move.
Sorry to be so negative, but not much happene dtoday. Tomorrow is a new day...!
Happy Trading,
FXLR Team
Monday, 9 November 2009
FXLR - Live Room Morning Summary - Mon 09 Nov 2009
FXLR - Live Room Morning Summary - Mon 09 Nov 2009
Not a massively busy day, but two offical called trades and a few trading opportunities pointed out. A few members took the extra trades. Well done. Total: +19 pips on the day.
Trades Taken:
1. short: USD/CAD @ 1.0644 (+12, 0). Flag.
2. short: GBP/USD @ 1.6759 (+10, +16). Trendline.
Potential Trade Ideas Pointed out and Taken by Mmebers:
1. Euro: Flag/Trendline break @ 1.4970 or 1.4981, moved to 1.5010.
2. Cable: Flag/Trendline break @ 1.6778 or 1.6798, moved to 1.6842.
3. Swissy: Flag/Trendline break @ 1.0088 or 1.0077, moved to 1.0058.
4. USD/CAD: Momentum break @ 1.0627, moved to 1.0598.
5. Cable: Momentum break @ 1.6732, moved to 1.6703.
Happy Trading
FXLR Team
Not a massively busy day, but two offical called trades and a few trading opportunities pointed out. A few members took the extra trades. Well done. Total: +19 pips on the day.
Trades Taken:
1. short: USD/CAD @ 1.0644 (+12, 0). Flag.
2. short: GBP/USD @ 1.6759 (+10, +16). Trendline.
Potential Trade Ideas Pointed out and Taken by Mmebers:
1. Euro: Flag/Trendline break @ 1.4970 or 1.4981, moved to 1.5010.
2. Cable: Flag/Trendline break @ 1.6778 or 1.6798, moved to 1.6842.
3. Swissy: Flag/Trendline break @ 1.0088 or 1.0077, moved to 1.0058.
4. USD/CAD: Momentum break @ 1.0627, moved to 1.0598.
5. Cable: Momentum break @ 1.6732, moved to 1.6703.
Happy Trading
FXLR Team
Friday, 6 November 2009
FXLR - Live Room Morning Summary - Fri 06 Nov 2009
FXLR - Live Room Morning Summary - Fri 06 Nov 2009
A few trades today, the official ones we'd like to forget. Some members handled did far better, partly because they'd set their orders on entry not as close, and did well with the trade without getting stopped on the original retracements. But looking at the charts after the events the trades looked very good with a larger stop. Difficults getting a balance and different stops for each trade is how many menmbers manage. We just have the -25 guide. Anyway, other trades were poinmted out sucessfully and we had some strategy stuff going on in the room which was enjoyable. After a happy week the end wasn't so happy. Next week will be a decent week.
1. short: USD/JPY @ 90.42. Momentum. This was a nice trade, we thought, but it pulled back soon and took our -25 stop out by just 5 or 6 pips then proceeded in the expected direction to 89.60, a +82 pips trade. Nice for those that didn't have that -25 stop we set.
2. long: EUR/USD @ 1.4900. Ascending triangle.
3. short: USD/CAD @ 1.0611. Descending triangle.
4. short: GBP/JPY @ 148.96. Flag. This trade was particularly frustrating as no sooner had our order been triggered, it ran +25 pips and then reversed as quickly back to the resistance line, then proceeded to move +55 the right way, which was the trade that was expected.
A couple of Trade Ideas highlighted that members took sucessfully:
1. GBP/JPY: Rising channel break @ 150.14, moved to 148.40.
2. USD/CAD: Channel break at @ 1.0680, moved to 1.0756.
Happy Trading
FXLR Team
A few trades today, the official ones we'd like to forget. Some members handled did far better, partly because they'd set their orders on entry not as close, and did well with the trade without getting stopped on the original retracements. But looking at the charts after the events the trades looked very good with a larger stop. Difficults getting a balance and different stops for each trade is how many menmbers manage. We just have the -25 guide. Anyway, other trades were poinmted out sucessfully and we had some strategy stuff going on in the room which was enjoyable. After a happy week the end wasn't so happy. Next week will be a decent week.
1. short: USD/JPY @ 90.42. Momentum. This was a nice trade, we thought, but it pulled back soon and took our -25 stop out by just 5 or 6 pips then proceeded in the expected direction to 89.60, a +82 pips trade. Nice for those that didn't have that -25 stop we set.
2. long: EUR/USD @ 1.4900. Ascending triangle.
3. short: USD/CAD @ 1.0611. Descending triangle.
4. short: GBP/JPY @ 148.96. Flag. This trade was particularly frustrating as no sooner had our order been triggered, it ran +25 pips and then reversed as quickly back to the resistance line, then proceeded to move +55 the right way, which was the trade that was expected.
A couple of Trade Ideas highlighted that members took sucessfully:
1. GBP/JPY: Rising channel break @ 150.14, moved to 148.40.
2. USD/CAD: Channel break at @ 1.0680, moved to 1.0756.
Happy Trading
FXLR Team
Thursday, 5 November 2009
FXLR - Live Room Morning Summary - Thurs 05 Nov 2009
FXLR - Live Room Morning Summary - Thurs 05 Nov 2009
A fairly good start today with a couple of winning trades, before we were unlucky with a Yen trade that stopped us. We were up +34 on half the trades with b/evens on the 2nd halves. Total: -7 pips on the day for us.
Trades Taken.
1. short: USD/JPY@ 90.27 (+14, 0). Channel (Moved 30 pips before reversing).
2. short: EUR/JPY @ 134.57 (+20, 0). Trendline.
3. short: USD/JPY @ 90.42 (-25)
Trade Ideas highlighted.
1. Cable: Trendline break @ 1.6535, moved to 1.6489
There were few flags and pennants setting up but difficult to trade due the the MPC and ECB news releases plus the data in US.
Happy Trading
FXLR Team
A fairly good start today with a couple of winning trades, before we were unlucky with a Yen trade that stopped us. We were up +34 on half the trades with b/evens on the 2nd halves. Total: -7 pips on the day for us.
Trades Taken.
1. short: USD/JPY@ 90.27 (+14, 0). Channel (Moved 30 pips before reversing).
2. short: EUR/JPY @ 134.57 (+20, 0). Trendline.
3. short: USD/JPY @ 90.42 (-25)
Trade Ideas highlighted.
1. Cable: Trendline break @ 1.6535, moved to 1.6489
There were few flags and pennants setting up but difficult to trade due the the MPC and ECB news releases plus the data in US.
Happy Trading
FXLR Team
Wednesday, 4 November 2009
FXLR - Live Room Morning Summary - Wed 04 Nov 2009
FXLR - Live Room Morning Summary - Wed 04 Nov 2009
A good day, up until the FOMC announcement, where we got a losing trade, so the +60 pips gained had a stopped trade at the end. Luckily only a handful of members logged back in when the room reopened for the announcement. Total: +35 pips on the day. Members had other successful trades too, taking one or two of the trading opportunities highlighted using trend lines/patterns in the room. At least one member didn't close the USD-Yen early trade, netting a decent bagfull there, as we closed early and only took +14 & +16 on both halves.
Actual trades taken:
1. long: USD/JPY @ 90.60 (+14, +16). Flag.
2. long: GBP/JPY @ 149.34 (+13, +35). Flag.
3. long: AUD/USD @ 0.9111 (+4). Channel.
4. long: GBP/USD @ 1.6544 (+18, +16). Channel.
5. long: GBP/USD @ 1.6595 (-25). Momentum (taken after FOMC)
Trade Ideas pointed out and highlighted, taken by some members:
1. GBP/JPY: Flag break @ 149.78, moved to 150.27.
2. Cable: Channel break @ 1.6489, moved to 1.6538.
3. EUR/JPY: Flag break @ 133.65, moved to 134.12.
Happy Trading
FXLR Team
A good day, up until the FOMC announcement, where we got a losing trade, so the +60 pips gained had a stopped trade at the end. Luckily only a handful of members logged back in when the room reopened for the announcement. Total: +35 pips on the day. Members had other successful trades too, taking one or two of the trading opportunities highlighted using trend lines/patterns in the room. At least one member didn't close the USD-Yen early trade, netting a decent bagfull there, as we closed early and only took +14 & +16 on both halves.
Actual trades taken:
1. long: USD/JPY @ 90.60 (+14, +16). Flag.
2. long: GBP/JPY @ 149.34 (+13, +35). Flag.
3. long: AUD/USD @ 0.9111 (+4). Channel.
4. long: GBP/USD @ 1.6544 (+18, +16). Channel.
5. long: GBP/USD @ 1.6595 (-25). Momentum (taken after FOMC)
Trade Ideas pointed out and highlighted, taken by some members:
1. GBP/JPY: Flag break @ 149.78, moved to 150.27.
2. Cable: Channel break @ 1.6489, moved to 1.6538.
3. EUR/JPY: Flag break @ 133.65, moved to 134.12.
Happy Trading
FXLR Team
Tuesday, 3 November 2009
FXLR - Live Room Morning Summary - Tues 03 Nov 2009
FXLR - Live Room Morning Summary - Tues 03 Nov 2009
A good day today for all. Many took lots more trades and broke +100 pips easy. Our official calls netted +53 pips on the day. Another typical day from the last 3 months, initial dollar move was countered. Today we saw dollar strength during the European session followed by dollar weakness throughout the day. We have not seen the decisive breaks of the key levels. Total: +53 pips
Trades: 4
Wins: 4
Trade summary:
1. short: AUD/USD @ 0.8968 (+14, 0). Flag.
2. short: EUR/USD @ 1.4712 (+22, +32). Flag.
3. short: EUR/USD @ 1.4653 (+10, +18). Flag.
4. short: USD/CAD @ 1.0679 (+10, 0). Momentum.
Possible trades and breakouts highlighted in room - Trade ideas:
1. Euro: Descending triangle break @ 1.4753, moved to 1.4626.
2. Swissy: Flag break @ 1.0273, moved to 1.0337.
3. EUR/JPY: Momentum break @ 132.87, moved to 131.71.
4. EUR/JPY: Momentum break @ 132.49, moved to 131.71 (secod possible entry after the 132.87 break).
5. Cad: Momentum break @ 1.0803, moved to 1.0852.
6. Cad: Double top break @ 1.0717, moved to 1.0680.
7. Euro: Double bottom break @ 1.4671, moved to 1.4696.
Happy Trading
FXLR Team
A good day today for all. Many took lots more trades and broke +100 pips easy. Our official calls netted +53 pips on the day. Another typical day from the last 3 months, initial dollar move was countered. Today we saw dollar strength during the European session followed by dollar weakness throughout the day. We have not seen the decisive breaks of the key levels. Total: +53 pips
Trades: 4
Wins: 4
Trade summary:
1. short: AUD/USD @ 0.8968 (+14, 0). Flag.
2. short: EUR/USD @ 1.4712 (+22, +32). Flag.
3. short: EUR/USD @ 1.4653 (+10, +18). Flag.
4. short: USD/CAD @ 1.0679 (+10, 0). Momentum.
Possible trades and breakouts highlighted in room - Trade ideas:
1. Euro: Descending triangle break @ 1.4753, moved to 1.4626.
2. Swissy: Flag break @ 1.0273, moved to 1.0337.
3. EUR/JPY: Momentum break @ 132.87, moved to 131.71.
4. EUR/JPY: Momentum break @ 132.49, moved to 131.71 (secod possible entry after the 132.87 break).
5. Cad: Momentum break @ 1.0803, moved to 1.0852.
6. Cad: Double top break @ 1.0717, moved to 1.0680.
7. Euro: Double bottom break @ 1.4671, moved to 1.4696.
Happy Trading
FXLR Team
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