Balls Of Steel - trading volatile pairs

eddieb · February 8, 2016, 7:25am

Another nice trade, well done buddy

yohec · February 8, 2016, 11:11am

Closed the second half position for +150 pips. All out of GBP/AUD now. It looks like it just doesn’t want to go below 2.0300.

Will be looking for another test of 2.0500 for another shorting opportunity.

Still have an active short position on GBP/NZD, currently at +60 pips.

eddieb · February 8, 2016, 12:08pm

Think I might start copying your trades

yohec · February 8, 2016, 12:22pm

You could improve on my performance by entering trades 1 hour after me and exiting 1 hour after me. I wrote that GBP/AUD does not want to go below 2.030 and 1 hour later it is firmly below, LOL.

yohec · February 8, 2016, 1:31pm

Closed the GBP/NZD short for +100 pips.

yohec · February 8, 2016, 8:23pm

I am in again.

GBP/AUD: Short at 2.0520

yohec · February 8, 2016, 9:32pm

GBP/NZD: Short at 2.1864

yohec · February 9, 2016, 7:58am

GBP/AUD: Position #2 Short at 2.0600

eddieb · February 9, 2016, 8:21am

Ditto @ 2.0635

yohec · February 9, 2016, 8:58am

Great timing. Also, the bottom just fell off GBP/NZD. What is going on?

Tektolnes · February 9, 2016, 9:10am

Not sure - was trying to figure that out myself too. Most of the main pairs started getting bid except for GBP for some reason. I was short GBP/NZD from 2.19 and just closed out there. Now starting to think I might have closed out too early.

eddieb · February 9, 2016, 9:14am

Just hit my SL for +115 pips, nice little ‘scalp’

yohec · February 9, 2016, 9:17am

It seems that every time these pairs make a big fast move, they tend to bounce right back almost as fast. I tend to be cautious and take the profits while they are there.

GBP/NZD: Closed position for +100 pips.

GBP/AUD: Closed Position #1 at BE. Holding Position #2, currently at +100 pips.

yohec · February 9, 2016, 9:21am

Nice scalp indeed! I also closed out.

GBP/AUD: Position #2 closed for +105 pips.

Now all out GBP/NZD and GBP/AUD

eddieb · February 9, 2016, 9:23am

There’s a lot of pressure on the pound, could be more to be made here, good luck

eddieb · February 9, 2016, 9:52am

UsdJpy under prolonged pressure. Has just rebounded 70 pips, so I’m going short here

Tektolnes · February 9, 2016, 10:12am

BOJ was checking around for rates earlier this morning. Usually a signal that they’re not happy with the speed/size of a drop and a signal that they might intervene shortly. There should be decent intra-day resistance for a short-term trade but I’m wary about being short this pair generally right now (which is the purpose of them checking rates of course). I was humming and hawing over going long when it was at 114.60 but missed the entry while I debated.

eddieb · February 9, 2016, 11:33am

My SL got hit, but made a few pips all the same

eddieb · February 9, 2016, 11:34am

Hadnt thought about this, but it makes a lot of sense

[B]JOLTS Shows Employment Finished 2015 Strong – Market[/B]

9 February 2016, 18:25

11:25 ET - The number of Americans who voluntarily quit hit a post-recession high in December, suggesting workers are confident about their employment prospects despite financial-market turmoil and a slowdown overseas. Labor’s monthly Job Openings and Labor Turnover Survey showed the number of voluntary quits rose to nearly 3.1M, the highest in 9 years, while hires got to almost 5.4M, also a post-recession best. Taken together, the figures signaled a strong finish to the year for the US labor market. ([email protected])

(END) Dow Jones Newswires

February 09, 2016 11:25 ET (16:25 GMT)

eddieb · February 9, 2016, 11:35am

… not that its reflected in the dollar lately