FXLR - Live Room Summary - Thurs 17 Dec 2009
Quite a nice day today. The moves started in the Asian session with US Dollar strength. The early London session saw the Yen and US Dollar gain strength. Some nice breaks in the morning. US early part of the session was fairly flat, but there were some nice moves after the lunch period, with pullbacks in the pairs. Total: +129 pips on the day.
Trades Taken in Room:
1. short GBP/USD @ 1.6230 (+22, +24). Momentum.
2. short GBP/JPY @ 145.84 (+22, +32). Momentum.
3. short EUR/JPY @ 129.28 (+21, +25). Flag.
4. short GBP/JPY @ 145.45 (+22, +20). Flag.
5. short GBP/JPY @ 144.96 (+18, +20). Flag.
6. short EUR/USD @ 1.4326 (+5). Channel.
7. short USD/JPY @ 89.88 (+14, +8). Flag.
Trade Ideas Pointed Out - Taken by some members:
1. EUR/USD: short, momentum break @ 1.4357, moved to 1.4327.
2. GBP/USD: short, channel break @ 1.6201, moved to 1.6078.
3. GBP/USD: long, momentum break @ 1.6147, moved to 1.6184.
Happy Trading
FXLR Team
Thursday, 17 December 2009
Wednesday, 16 December 2009
FXLR - Live Room Summary - Wed 16 Dec 2009
FXLR - Live Room Summary - Wed 16 Dec 2009
Little frustrating today, as our 25 pips stop was just triggered by the actual pip on the Swissy. This Swissy stop out was unlucky. Stopped exactly at the level and reversed - and moved down directly to 1.0342. Some members had a larger stop, who got the reverse. Total: -13 pips on the day.
Trades Taken in Room:
1. short GBP/USD @ 1.6239 (-25). Momentum.
2. short USD/CHF @ 1.0380 (-25). Trendline.
3. short GBP/JPY @ 146.58 (+4). Channel.
4. short EUR/USD @ 1.4565 (+20, +26). Channel.
5. short GBP/USD @ 1.6344 (+0). Momentum.
6. short GBP/USD @ 1.6335 (+10). Flag.
7. short GBP/JPY @ 146.48 (+0). Momentum.
Happy Trading
FXLR Team
Little frustrating today, as our 25 pips stop was just triggered by the actual pip on the Swissy. This Swissy stop out was unlucky. Stopped exactly at the level and reversed - and moved down directly to 1.0342. Some members had a larger stop, who got the reverse. Total: -13 pips on the day.
Trades Taken in Room:
1. short GBP/USD @ 1.6239 (-25). Momentum.
2. short USD/CHF @ 1.0380 (-25). Trendline.
3. short GBP/JPY @ 146.58 (+4). Channel.
4. short EUR/USD @ 1.4565 (+20, +26). Channel.
5. short GBP/USD @ 1.6344 (+0). Momentum.
6. short GBP/USD @ 1.6335 (+10). Flag.
7. short GBP/JPY @ 146.48 (+0). Momentum.
Happy Trading
FXLR Team
Tuesday, 15 December 2009
FXLR - Live Room Summary - Tues 15 Dec 2009
FXLR - Live Room Summary - Tues 15 Dec 2009
A few nice breaks in the morning, which were posted as trade ideas, with members taking them, but we actually missed those early breaks. Many in room took them and held for some very good profits. Total: +8 pips on the day.
Trades Taken in Room:
1. short GBP/USD @ 1.6252 (-25). Momentum.
2. short EUR/USD @ 1.4551 (+0). Flag.
3. long EUR/USD @ 1.4556 (+0). Double bottom.
4. long USD/CHF @ 1.0413 (+16, +8). Momentum.
5. short EUR/USD @ 1.4521 (+14, 0). Momentum.
6. long USD/JPY @ 89.76 (+14). Momentum.
Trade Ideas Pointed out to Members:
1. USD/CAD: long, double bottom break @ 1.0571, moved to 1.0626.
2. AUD/USD: short, momentum break @ 0.9119, moved to 0.9073.
3. EUR/USD: short, momentum break @ 1.4630, moved to 1.4551.
4. USD/CHF: long, momentum break @ 1.0343, moved to 1.0392.
Happy Trading
FXLR Team
A few nice breaks in the morning, which were posted as trade ideas, with members taking them, but we actually missed those early breaks. Many in room took them and held for some very good profits. Total: +8 pips on the day.
Trades Taken in Room:
1. short GBP/USD @ 1.6252 (-25). Momentum.
2. short EUR/USD @ 1.4551 (+0). Flag.
3. long EUR/USD @ 1.4556 (+0). Double bottom.
4. long USD/CHF @ 1.0413 (+16, +8). Momentum.
5. short EUR/USD @ 1.4521 (+14, 0). Momentum.
6. long USD/JPY @ 89.76 (+14). Momentum.
Trade Ideas Pointed out to Members:
1. USD/CAD: long, double bottom break @ 1.0571, moved to 1.0626.
2. AUD/USD: short, momentum break @ 0.9119, moved to 0.9073.
3. EUR/USD: short, momentum break @ 1.4630, moved to 1.4551.
4. USD/CHF: long, momentum break @ 1.0343, moved to 1.0392.
Happy Trading
FXLR Team
Monday, 14 December 2009
FXLR - Live Room Summary - Mon 14 Dec 2009
FXLR - Live Room Summary - Mon 14 Dec 2009
The Asian session saw some volatility but all went flat during the London session. We were very unlucky with the trades today. The Euro trade was closed at -16, went 2-3 pips higher and reversed down to 1.4616. With the USD/CAD trade, the first half was closed at +14, 2nd half was closed out at breakeven by just 2 pips and then reversed down to 1.0568. The Cable trade was chopped early at 1.6281 for -10, after making a low at 1.6279 the pair moved to 1.6317 fairly quickly. Those with larger stops had a very good day. We may start taking larger stops again! Some guys in the room also took the CAD double top trade idea to much joy. Total: -19 pips on the day.
Trades Taken in Room:
1. short EUR/USD @ 1.4654 (-16). Double top.
2. short USD/CAD @ 1.0597 (+14, 0). Flag.
3. long GBP/USD @ 1.6291 (-10). Flag.
Trade Ideas Pointed out in Room:
1. USD/CAD: short, double top break @ 1.0629, moved to 1.0580.
2. GBP/JPY: long, flag break @ 144.21, moved to 144.52.
Happy Trading
FXLR Team
The Asian session saw some volatility but all went flat during the London session. We were very unlucky with the trades today. The Euro trade was closed at -16, went 2-3 pips higher and reversed down to 1.4616. With the USD/CAD trade, the first half was closed at +14, 2nd half was closed out at breakeven by just 2 pips and then reversed down to 1.0568. The Cable trade was chopped early at 1.6281 for -10, after making a low at 1.6279 the pair moved to 1.6317 fairly quickly. Those with larger stops had a very good day. We may start taking larger stops again! Some guys in the room also took the CAD double top trade idea to much joy. Total: -19 pips on the day.
Trades Taken in Room:
1. short EUR/USD @ 1.4654 (-16). Double top.
2. short USD/CAD @ 1.0597 (+14, 0). Flag.
3. long GBP/USD @ 1.6291 (-10). Flag.
Trade Ideas Pointed out in Room:
1. USD/CAD: short, double top break @ 1.0629, moved to 1.0580.
2. GBP/JPY: long, flag break @ 144.21, moved to 144.52.
Happy Trading
FXLR Team
Friday, 11 December 2009
FXLR - Live Room Summary - Fri 11 Dec 2009
FXLR - Live Room Summary - Fri 11 Dec 2009
A quiet day in the morning, with the pairs looking quite choppy with no direction, once again. Retail sales figures saw initial volatility, which was followed by US Dollar strength, which produced some nice moves across the board. Unfortunately the dealer was taking a 10-min break when the moves appeared! Some members did well, though, with breakouts from the flags on the pairs. The Euro trade and Swissy trades were taken by a few guys. Total +7 pips on the day.
Trades Taken in Room:
1. short USD/JPY @ 88.63 (-14). Momentum.
2. short EUR/USD @ 1.4640 (+15, +27). Flag.
Trade Ideas Pointed Out in Room, taken by some members:
1. GBP/USD: short, flag break @ 1.6216, moved to 1.6197.
2. AUD/USD: short, flag break @ 0.9125, moved to 0.9089.
Have a good weekend.
FXLR Team
A quiet day in the morning, with the pairs looking quite choppy with no direction, once again. Retail sales figures saw initial volatility, which was followed by US Dollar strength, which produced some nice moves across the board. Unfortunately the dealer was taking a 10-min break when the moves appeared! Some members did well, though, with breakouts from the flags on the pairs. The Euro trade and Swissy trades were taken by a few guys. Total +7 pips on the day.
Trades Taken in Room:
1. short USD/JPY @ 88.63 (-14). Momentum.
2. short EUR/USD @ 1.4640 (+15, +27). Flag.
Trade Ideas Pointed Out in Room, taken by some members:
1. GBP/USD: short, flag break @ 1.6216, moved to 1.6197.
2. AUD/USD: short, flag break @ 0.9125, moved to 0.9089.
Have a good weekend.
FXLR Team
Thursday, 10 December 2009
FXLR - Live Room Summary - Thurs 10 Dec 2009
FXLR - Live Room Summary - Thurs 10 Dec 2009
Very choppy day. There was interest rate decisions in Swiss and UK but gave no movement to the mkts. UK interest rate stays the same. We were unlucky with the trades taken today as there was no follow through on the break levels. The trades all did move 10-18 pips in to profit, but there no follow through. We weren't quick enough to take some pips on the first half of the trades, and thought we were just retracing before moving again, but the trade patterns changed so we closed at breakeven, and on the 3rd trade we stopped out. Total: -25 pips on the day. But it's been a good couple of weeks so far, so no complaints.
Trades Taken in Room:
1. short GBP/USD @ 1.6232 (+0). Momentum.
2. short USD/CHF @ 1.0260 (+0). Momentum.
3. short GBP/USD @ 1.6231 (-25). Flag.
Happy Trading
FXLR Team
Very choppy day. There was interest rate decisions in Swiss and UK but gave no movement to the mkts. UK interest rate stays the same. We were unlucky with the trades taken today as there was no follow through on the break levels. The trades all did move 10-18 pips in to profit, but there no follow through. We weren't quick enough to take some pips on the first half of the trades, and thought we were just retracing before moving again, but the trade patterns changed so we closed at breakeven, and on the 3rd trade we stopped out. Total: -25 pips on the day. But it's been a good couple of weeks so far, so no complaints.
Trades Taken in Room:
1. short GBP/USD @ 1.6232 (+0). Momentum.
2. short USD/CHF @ 1.0260 (+0). Momentum.
3. short GBP/USD @ 1.6231 (-25). Flag.
Happy Trading
FXLR Team
Wednesday, 9 December 2009
FXLR - Live Room Summary - Wed 09 Dec 2009
FXLR - Live Room Summary - Wed 09 Dec 2009
Very choppy day today. Nice moves in the morning session, with the likes of Yen strength against US Dollar, STG & €UR. The afternoon was quite choppy, with no real direction. Members took the channel breaks for small gains. Cable momentum play was also taken by couple of members with a good result. It was a shame the losing Cable trade today was stopped out by just 1 single pip, but we did take it again at break of 1.6206. Some members were in for the whole ride. Total: +36 pips on the day.
Trades Taken in Room:
1. short GBP/JPY @ 142.87 (+18, +40). Flag.
2. short USD/JPY @ 88.17 (+14, +10). Flag.
3. short GBP/JPY @ 142.31 (-6). Flag.
4. short USD/JPY @ 87.97 (+15, +13). Flag.
5. short GBP/USD @ 1.6211 (-25). Momentum.
6. short GBP/USD @ 1.6206 (+14, +10). Descending triangle.
Trade Ideas Pointed out in Room to Members as setups approached:
1. USD/JPY: short, momentum break @ 87.77, moved to 87.35.
2. GBP/USD: short, momentum break @ 1.6271, moved to 1.6185.
3. USD/CHF: long, declining channel break @ 1.0239, moved to 1.0263.
4. EUR/USD: short, rising channel break @ 1.4750, moved to 1.4717.
Happy Trading
FXLR Team
Very choppy day today. Nice moves in the morning session, with the likes of Yen strength against US Dollar, STG & €UR. The afternoon was quite choppy, with no real direction. Members took the channel breaks for small gains. Cable momentum play was also taken by couple of members with a good result. It was a shame the losing Cable trade today was stopped out by just 1 single pip, but we did take it again at break of 1.6206. Some members were in for the whole ride. Total: +36 pips on the day.
Trades Taken in Room:
1. short GBP/JPY @ 142.87 (+18, +40). Flag.
2. short USD/JPY @ 88.17 (+14, +10). Flag.
3. short GBP/JPY @ 142.31 (-6). Flag.
4. short USD/JPY @ 87.97 (+15, +13). Flag.
5. short GBP/USD @ 1.6211 (-25). Momentum.
6. short GBP/USD @ 1.6206 (+14, +10). Descending triangle.
Trade Ideas Pointed out in Room to Members as setups approached:
1. USD/JPY: short, momentum break @ 87.77, moved to 87.35.
2. GBP/USD: short, momentum break @ 1.6271, moved to 1.6185.
3. USD/CHF: long, declining channel break @ 1.0239, moved to 1.0263.
4. EUR/USD: short, rising channel break @ 1.4750, moved to 1.4717.
Happy Trading
FXLR Team
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