Balls Of Steel - trading volatile pairs

Yep that pop caught me out too and got stopped out. Can’t complain - been repeatedly pounding those range highs lately and all good things come to and end sooner or later. Going to step back and just watch for a bit to see if the landscape is changing.

Wow! A lot of movement while I slept peacefully. Filled my short order.

[U]Current positions in GBP/NZD:[/U]
Position #1: Short at 2.1837
Position #2: Short at 2.1940

Currently down in one, up on the other. Overall about -40 pips. Now I wait for the results of the GDT auction while I hold the Balls of Steel.

The upward spike hit the daily trend line at 2.2000 and came back down.


GbpNzd short at 2.1806

Position #1: Closed at 2.1737 for +100 pips.
Position #2: Closed at 2.1760 for +180 pips.

All out now. Will look to short again at 2.1850.

I like this quote.


In again.

GBP/NZD Short at 2.1842

Sell Stop order in place at 2.1950.

You’ve certainly done plenty of that!

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Closed position at 2.1747 for +95 pips.

Currently 2.1670

Stop hit at 2.1689

GbpNzd short @ 2.1705

Great timing. It has made a big move down to 2.1600. It might go all the way to 2.1500.

I’m out at the moment. I’ll just have to sit tight and wait for a good retracement before jumping back in short.

Have you been watching GBP/AUD? It just broke below 2.000. I set a sell order at 2.05 a couple of days ago, but I missed the boat.

No, im in 3 trades and don’t like to spread myself too thinly. Shame, its dropped like a stone, might be tempted if it retraces back to 2.00

I am going to risk a few pips. I’m afraid I may be trying to “catch a falling knife”. That support level at 2.1500 looks too strong.

GBP/NZD: Long at 2.1533, SL at 2.1400.

I don’t usually use SL when trading this pair. And I’m trading a smaller position size.

Out of GbpNzd at 2.1515
Good day today, grew my account by 8%.
Long GbpAud @ 1.9922 with a tight SL of 1.9895

Well, my GbpAud long was short-lived :slight_smile:
All in all an excellent day, could do with a few more like it

Short 2.1695

GBP/NZD: Closed at 2.1683 for +150 pips.