The Trader's Arms - Now Open for Business

[ukdave]

London's open today. Our Bank Holidays are next week... Monday and Tuesday for the Jubilee.

Yes, Aussie and Kiwi look good. I'm waiting for them to break previous highs on the 4hr then pullback before going long.

Nice wee short on the EURUSD this morning when it retested January's low that it broke through last week. (Good old daily chart again). Took it with a small position and a (for me) ridiculously tight stop loss. This time on Monday morning definitely not my favourite time to trade so minimised risk. Quickly ran to 1:2 R:R so took some off and moved stop loss to break even.

[SimonTemplar]

Good call taking some profit and trailing the Stop quickly - personally I never trade Monday mornings, and between Greece and the cluster of holidays and various other factors I'm doing very little intraday business at the moment. Nice steady end of day stuff is less stressful at the moment!

[PippinGood]

Good Morning all,
New to the forum/site and just wanted to say hello to all. Really like the site and went through the whole educ course last night (awesome material for newbies). background in equities and venturing into FX full time as a result of lay off - trading FT for 9 months now with some mixed results (net up ... just), but have to curb my poor discipline and get more patience!! look forward to interacting in the future on the site. happy hunting

[Dominator4fx]

Good Morning all,
New to the forum/site and just wanted to say hello to all. Really like the site and went through the whole educ course last night (awesome material for newbies). background in equities and venturing into FX full time as a result of lay off - trading FT for 9 months now with some mixed results (net up ... just), but have to curb my poor discipline and get more patience!! look forward to interacting in the future on the site. happy hunting

Nine months is a good time to be able to break even and start getting some Profits.

I will also suggest that you try the approach that i am using of Multiple accounts at the same time.

This will keep other accounts protected and growing if any 1 account gets lost

[Pingback]

Good Morning all,
New to the forum/site and just wanted to say hello to all. Really like the site and went through the whole educ course last night (awesome material for newbies). background in equities and venturing into FX full time as a result of lay off -

That's pretty quick studying. I am still learning from the course, but I work nights and I'm really tired during the day. I guess I should have some kind of excuse. Hope you do well.

[R Carter]

Possible breakout trade forming on 4h CAD/JPY... one to watch? Large uptake of buys during the 14:00 GMT 4h candle. Break above 77.66 would be a confirmed entry for me.

[bobmaninc]

Aren't London and NY market closed today for some holiday?

I saw on the weekend and didnt even bother opening my charts last night for my top down analysis this week, figured i'd get cracking tonight ready for tomorrow..

USA is memorial day to honor the dead soldiers.

[SanJ]

USA is memorial day to honor the dead soldiers.

Ah cheers, yeah caught up with what was going on later in the day.. As i thought all markets were closed yesterday was no trade for me...

However, i think you'll especially be happy to know i shorted the AU this morning - i realise thats your thing lol.. In short from 0.989.. See where this goes..

[R Carter]

i shorted the AU this morning - i realise thats your thing lol.. In short from 0.989.. See where this goes..

Provisionally, AU now looks to have crossed over to a longer term up trend... a rejection of 9820 (34 EMA).

[SanJ]

Provisionally, AU now looks to have crossed over to a longer term up trend... a rejection of 9820 (34 EMA).

I took first profits at 0.986, had next TP set at 0.9815 but after the strong rejection from the 0.982 area i closed up shop at 0.983.. Happy to be out with 60 pips..

Trying to going long the last couple weeks hasnt done my account any favours, so ive switched to only looking for short opportunities until things look a little more bullish on the daily.. Running all my trades at reduced risk until i can recover some losses.. So far, decent start to the week.. 1.5% up with todays trade.. Think im out till tomorrow now