Balls Of Steel - trading volatile pairs

davidson87 · October 6, 2015, 8:10am

Maybe you can use trailing stops to take maximum advantage.

fxstrategist · October 6, 2015, 11:37pm

And be very patient with those pairs that move a lot, also, dont forget the wider stop loss.

eddieb · October 12, 2015, 10:20am

Well, GbpAud has fallen further than most expected, to around 2.0850. There is some support at 2.08 but, should that fail then it could drop down to 2.05.
Despite this, I’m watching for now as I feel we are only one Fed hike or BoE hike from this continuing the longer term up trend

This is the weekly chart for this pair. The recent drop isnt that much different to drops we’ve had in the recent past, and the trend reasserted itself after those drops.
Keep your eyes on the charts and your ears listening to the news, past experience tells us that when a move comes, it comes quickly.

Arbitrager_on_Acid · October 12, 2015, 11:07am

Got my buy stop chilling.

-Adrian

eddieb · October 13, 2015, 2:01pm

GbpNzd long at 2.2794
GbpAud long at 2.0898

Here goes

eddieb · October 13, 2015, 5:23pm

Big jump in both, esp GnpNzd thanks to the RNBZ governors speech. Over 200 pips across both pairs locked in

PipMeHappy · October 13, 2015, 5:25pm

[B]You are a …

‘Comdoll Legend’

:59::59:[/B]

eddieb · October 14, 2015, 9:15am

GbpNzd sl hit for +116 pips
GbpAud sl hit for +261 pips

UKkev · October 14, 2015, 9:58am

Great trades Eddie.

eddieb · October 15, 2015, 5:53pm

[B]GbpAud back in track[/B]
Looking at the daily chart, it seems the recent fall in this pair may be coming to an end.
You can buy in now (2.11ish) or wait for it to break above 2.12, the choice is yours! Im looking for a buy target at around 2.1250 just in case 2.12 doesn’t hold.

eddieb · October 16, 2015, 10:50am

Comfortably over 2.12 so Im back in, long at 2.1261

fxstrategist · October 16, 2015, 5:40pm

Very good point of view, objective thinking, it deserves attention.

yohec · October 20, 2015, 8:18am

Bought again
Position #2: Long at 2.1234

yohec · October 22, 2015, 8:05am

Closed Position #1 for +10 pips.

Position #2 currently at +220 pips. SL set at +150 pips.

yohec · October 22, 2015, 9:16am

Position #2 hit SL at 2.1385 for +150 pips. I’m all out of GBP/AUD.

yohec · October 22, 2015, 8:48pm

I’m in again.

Long at 2.1302

yohec · October 23, 2015, 6:14am

In again.
Position #2: Long at 2.1200

eddieb · October 23, 2015, 10:04am

Looking good so far

eddieb · October 23, 2015, 10:04am

Looking good so far

eddieb · October 27, 2015, 3:51am

[B]GbpAud at a crossroads? [/B]

Still sitting around the 2.12 area, I am looking for a push over 2.14 where there is a degree of S/R. A strong break thru this could lead onto a further push for 2.20 area.
However, don’t be surprised if it falls back under 2.10 temporarily esp if BoE dont (as I expect) raise interest rates.