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moneymad · 24-08-2015 07:01PM

daheff wrote: »

Most US markets have 'recovered' to only be down 1-1.5% at the moment.

Hopefully they keep recovering and china has a good return overnight...might be a buying opportunity now?

lol, goodluck with that. this is only getting started bud

jpboard1 · 24-08-2015 07:44PM

ixus wrote: »

I recall you posting this Thurs around 5pm S&p was at 2050. While the low on the open was extreme this afternoon, i assume you had all day to get out or have a stop?

Two words: Loss aversion.

I think we will see higher and will hold for that.

jpboard1 · 24-08-2015 07:45PM

moneymad wrote: »

lol, goodluck with that. this is only getting started bud

What do you see as the lows?

dasdog · 24-08-2015 07:55PM

ixus wrote: »

If you see the timing of my posts, Sat night i could feel something major was up after the week we had.

Interesting day (#) or cash tag EUR/USD seems to be the current phenomenon internet wise rather than individuals analysing. Great day none the less.

jpboard1 · 24-08-2015 08:00PM

dasdog wrote: »

Interesting day (#) or cash tag EUR/USD seems to be the current phenomenon internet wise rather than individuals analysing. Great day none the less.

Looking at eur/usd to test 114 area again.

jpboard1 · 24-08-2015 08:05PM

Taking a full position long on AUD/USD here. 7181

dasdog · 24-08-2015 08:08PM

jpboard1 wrote: »

Looking at eur/usd to test 114 area again.

I'm approaching burnt out at this stage, but it's possible. 1.17/8 is plummet zone.

jpboard1 · 24-08-2015 08:11PM

dasdog wrote: »

I'm approaching burnt out at this stage, but it's possible. 1.17/8 is plummet zone.

I certainly wouldn't be going long here. I'll concentrate on aussie for now.

dasdog · 24-08-2015 08:22PM

jpboard1 wrote: »

Taking a full position long on AUD/USD here. 7181

Not an environment I'm comfortable going asleep to anymore. China and fair dincum bloody Australians print at 2 or 5:30am. It's gone completely random with China now but its probably oversold.

jpboard1 · 24-08-2015 08:25PM

dasdog wrote: »

Not an environment I'm comfortable going asleep to anymore. China and fair dincum bloody Australians print at 2 or 5:30am. It's gone completely random with China now but its probably oversold.

Been waiting for aussie to reach this level for months. If this area holds, we could see major rally in commodity space.

For ever odd · 24-08-2015 08:32PM

Hi dasdog,
Did you follow through on your EUR/CAD idea?
Good for you if you did.

dasdog · 24-08-2015 08:44PM

For ever odd wrote: »

Hi dasdog,
Did you follow through on your EUR/CAD idea?
Good for you if you did.

It was far too complex, politics never even came in to it. West Texas Intermediate inventories in the US were used up and the economy flip a coin grew or shrunk depending on wider factors. Should have stayed with it but closed on about a grand or 200 pips.

dasdog · 25-08-2015 12:33AM

jpboard1 wrote: »

Taking a full position long on AUD/USD here. 7181

0.716, time to buy AUS.

Closed for about €45, sleep won the argument.

EDIT: Fuk that, as was said in Blazing Saddles "You're on your own son"

For ever odd · 25-08-2015 01:29AM

Aus/usd long term support/resistance 7250 to early to tell either way.

daheff · 25-08-2015 09:13AM

jpboard1 wrote: »

I personally wouldn't see a buying opportunity. Just looking for a better place to get out.

moneymad wrote: »

lol, goodluck with that. this is only getting started bud

I'm looking at it from the point that stock exchanges usually over do it upside and downside when they go and generally (in my experience) tick back after. I thought we'd see some reflection overnight that it was a bit overdone.

I'm not calling back to normality...I still see a lot of volatility over the next few weeks...so buying dips and selling bounces.

Just gotta watch for any potential bad news coming out (German business confidence rose in Aug (obv taken before the china fall).

jpboard1 wrote: »

What do you see as the lows?

think there could be a little lower to go to see a bottom

Although dont see that happening today

jpboard1 · 25-08-2015 10:07AM

dasdog wrote: »

0.716, time to buy AUS.

Closed for about €45, sleep won the argument.

EDIT: Fuk that, as was said in Blazing Saddles "You're on your own son"

I see this as a long term trade if the support holds. Probably talking weeks or months. Just my trading style.

jpboard1 · 25-08-2015 10:12AM

daheff wrote: »

I'm looking at it from the point that stock exchanges usually over do it upside and downside when they go and generally (in my experience) tick back after. I thought we'd see some reflection overnight that it was a bit overdone.

I'm not calling back to normality...I still see a lot of volatility over the next few weeks...so buying dips and selling bounces.

Just gotta watch for any potential bad news coming out (German business confidence rose in Aug (obv taken before the china fall).

think there could be a little lower to go to see a bottom

Although dont see that happening today

Russell has held so far so I am not so sure of 1750 mark anymore. Could see return to previous battle ground. I wouldn't be betting in getting there though.
We have probably seen the highs of the year now.

daheff · 25-08-2015 11:29AM

jpboard1 wrote: »

We have probably seen the highs of the year now.

true...but on the basis the FTSE hit highs back in April of circa 7100 vs 6050 now i think theres plenty of room to make money (as long as you can sweat the volatility)

dasdog · 25-08-2015 11:37AM

jpboard1 wrote: »

I see this as a long term trade if the support holds. Probably talking weeks or months. Just my trading style.

I hear you. Was starting to take a safer approach after a really great day, aside from a USD/JPY sell closed just before the collapse.

China just cut rates. Not going to get as involved today but I'm back in with this @ 0.723.

EDIT:
Don't have the cojones for this today, closed -16.0 pips. Yet to digest yesterdays information let alone today's.
Closed both +3.7 & +5.2. Done for now, need to take a step back.

jpboard1 · 25-08-2015 01:59PM

Going long EUR/USD again. Medium term trade. Could eventually see 13500 - but will enter and exit as usual.

JONJO THE MISER · 25-08-2015 03:21PM

Made nice money scalping the eur/dollar this morning from around 114.60 to 115.05 around 40 times.
The dow is on craic today big swings and im only trading 0.87 per point, done a few quick scalps but im out, the nerves would be shot doing any more.

jpboard1 · 25-08-2015 03:52PM

JONJO THE MISER wrote: »

Made nice money scalping the eur/dollar this morning from around 114.60 to 115.05 around 40 times.
The dow is on craic today big swings and im only trading 0.87 per point, done a few quick scalps but im out, the nerves would be shot doing any more.

I don't scalp any more. Way too much stress and always saw it as a bit of a crap shoot. What instruments do you use for scalping?

JONJO THE MISER · 25-08-2015 04:08PM

I use the 5 minute candlesticks and look at the moving avearges.
Got to say i actually like the stress but it can wear u out after 5-6 hours, i try and do 2 hrs in the morning again after 2pm and then before the u.s closes and again when the Aus market opens.
Only back trading again after a few months, 3rd week in.

dasdog · 25-08-2015 04:09PM

JONJO THE MISER wrote: »

Made nice money scalping the eur/dollar this morning from around 114.60 to 115.05 around 40 times.

Bloody hell, I wouldn't do more than a few in a session. Well done though.

Decided to step in with some relative safety. Yen appears to be the more resilient of the two as the dollar buy back occurs (although it may be temporary). Short EUR/JPY when it broke 137 (136.956), stop at break even, no target yet.

EDIT
Closed +5.1, dollar yen at key 120, not worth the risk.

EDIT 2
Looks to be some movement again with JPY and EUR starting to tick against USD. Opened two small positions of each.

JONJO THE MISER · 25-08-2015 04:34PM

Nice rally last hour on the ftse, whats that they say, buy on the way up:D

For ever odd · 25-08-2015 07:45PM

JONJO THE MISER wrote: »

Nice rally last hour on the ftse, whats that they say, buy on the way up

I prefer "buyer above seller below"

jpboard1 · 25-08-2015 10:18PM

Trying a short term position here. Not my usual but lets see:

Long AUD/CHF 66955

JONJO THE MISER · 25-08-2015 11:06PM

Getting skinned alive on the eur/usd tonight sold at 1.1406 now at 1.1520, going to be up all night:(

jpboard1 · 25-08-2015 11:08PM

jpboard1 wrote: »

Trying a short term position here. Not my usual but lets see:

Long AUD/CHF 66955

Taking Profit here

jpboard1 · 25-08-2015 11:10PM

JONJO THE MISER wrote: »

Getting skinned alive on the eur/usd tonight sold at 1.1406 now at 1.1520, going to be up all night:(

Whats your stop/TP?

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