Balls Of Steel - trading volatile pairs

eddieb · February 22, 2016, 8:48am

GbpJpy short 159.359

eddieb · February 22, 2016, 10:01am

EurUsd retraced and hit my SL for +90 pips
Will wait and see if it continues up or goes back down before re entering

eddieb · February 22, 2016, 12:15pm

GbpAud retraced and closed for 527 pips profit. Add that to my GbpNzd and EurUsd trades and ive banked 1239 pips today

eddieb · February 22, 2016, 12:27pm

That gives me 36% balance growth for the day, on top of almost 10% last week.
Best single days growth since I went live

eddieb · February 22, 2016, 3:08pm

And again at 160.13…annoyed as my earlier trade was going to be a sell limit at 160.00 but I changed my mind so holding a pip loss for now

PipMeHappy · February 22, 2016, 6:32pm

Quite incredible! You can now open your own brokerage

yohec · February 22, 2016, 11:09pm

Very poor decision to gamble on these trades.

GBP/AUD: Made a not so graceful exit for -175 pips.

Hendrik_Van_der_Decken · February 23, 2016, 12:14am

Eddie, for now are you still short on NZD??? I’m waiting a sell stop to be triggered!

eddieb · February 23, 2016, 2:37am

1st GbpJpy trade (159.359) closed for + 100 pips
2nd trade currently + 200 pips

eddieb · February 23, 2016, 2:40am

Only 1 nzd trade, GbpNzd opened short at 2.1063. Price treading water at the moment

eddieb · February 23, 2016, 8:55am

2nd trade retraced and hit SL for + 190 pips.
Quieter than yesterday but no signs of Gbp rebounding

eddieb · February 23, 2016, 8:58am

Currently have 3 trades on, all short

EurUsd 1.1020
GbpJpy 158.21
GbpNzd 2.1063

yohec · February 23, 2016, 11:54am

Interesting discussion today with Ashraf Laidi regarding his outlook on GBP and Oil.

eddieb · February 23, 2016, 1:01pm

Thanks for that Yohec, great link

eddieb · February 23, 2016, 1:11pm

Just placed a sell limit on GbpAud at 1.9500, 60 pips above current level.

eddieb · February 23, 2016, 1:23pm

Interesting to see long term forecasts for GbpNzd even after the recent drop
If the experts can have such widely varying ideas, what hope the retail trader?

End-of-Quarter New Zealand Dollar Exchange Rate Forecasts 2016 to 2017:
https://www.poundsterlinglive.com/nzd

yohec · February 23, 2016, 1:27pm

That looks like a good level to go short. I placed the same sell order for GBP/AUD.

I’m already short GBP/USD, currently +100 pips.

eddieb · February 23, 2016, 2:17pm

UK Pound Takes a Beating – Market Talk

23 February 2016, 20:28

13:28 ET - The pound remains a punching bag–falling vs both dollar and euro–amid uncertainty over UK’s future in the EU. The sterling touched $1.4018, the lowest intraday level since March 2009, when it last fell below $1.40. Traders say the currency has room to fall ahead of the referendum in June. Analysts aren’t ruling out a drop to $1.30 or lower if the risk of Brexit rises. GBP was recently down 0.9% at $1.4024. Euro was 0.8% higher at GBP0.7858. ([email protected];@minzengwsj)

eddieb · February 23, 2016, 3:40pm

All done for the day, + 403 pips

All trades closed, 3 sell limits set . Goodnight all

eddieb · February 23, 2016, 3:42pm

Over 1600 pips won in 2 days, why can’t every week be like this!