181 failed to hold again and I was stopped out...again.  I'll leave this one alone and check back later.

This is the setup I'm going for on the second attempt...no hourly close below 1.81 and a decent candle pointing upwards.

long the gbp gap again

in at 1.8117, sl at 1.8075, targeting 181.9

gbp/usd gap long stopped out

Long GBP/USD gap

longed at 1.8125, s/l at 1.808, looking for the gap to close at 1.82

Second 1/2 of NZD/USD lot stopped out at breakeven

More NZD/USD commentary

This is what I was looking for, originally...but was expecting some stronger selling pressure once we fell below that 23.6% retrace level. Today's US fundies didn't help much and we may range around before picking more direction.

I actually wouldn't mind seeing it continue on up to the 50% retrace level before dipping further. NZD rate cut decision next week, perhaps that will help us along.

Thoughts?

The second half of my short is still hanging in there but I'm not sure for how much longer. Stops were moved to breakeven, it's all risk free. The first half already had profit taken but as the lot was so small, the impact on the annual profit/loss was pretty small. Profit, nonetheless.

Closed 1/2 position @ +65pips

NZD short...

...+65pips as of now, looking to move stops to breakeven.  Hitting some resistance at .69 but I don't expect too much trouble getting through it.

Good morning :)

Short NZD/USD

Short NZD/USD with a small lot size @ .6982. I have a second larger short at around .7040. S/L above the 23% fib at .7075. Targeting .685 or lower.

Balance...

...also, you'll see the balance has increased a tad even though I've taken no trades.  My broker Oanda pays interest on the balance and hence there are some small increases...

+6% for the year as of TODAY, 8/24/08

Good evening :)

More thoughts on the Sunday gaps...

...running through some things and I'm trying to take another look on the sunday "gaps".  Posting here in an effort bookmark this thought process and come back to it later.  Basically, I'm looking to forget the whole "gaps" term and look at it as simply price movement and the fact that the price movement within the first few hours after the Sunday market open usually comes back to within a few points of the Friday close.

I broker with Oanda and usually do not see price gaps on Sunday.  Oanda's price movement starts coming in right about 1pm (PST) where as other brokers/charting won't show price until an hour or more later, thus creating a "gap".  I'm looking to play the opening price movement with the thought process that price will return to the Friday close.

More later

Slow Sunday for gaps.

NZD/USD hitting some resist...

...at the 38% retracement level.  I would really like to see it up to 50% before going short.

NZD/USD coming up on the 38%

Keeping an eye on the NZD/USD

Watching the fib levels on this one, looking to get short on the pair at the 38% or 50% point...

Welcome to Sunday gaps...8/17/2008

Morning!  T-minus 2.5 hours...

**Nothing really this Sunday.  Better luck next time...

Likely to be a slow FX week for moi.

Work/etc will be extremely busy this week.

Sunday gaps

E/U moving quickly downwards, huge move and I'll look to stay out of this.

Watching others...

Good afternoon :)

Ha, well so much for a bounce at 94!

I'll be sitting on the sidelines until I can make some sense of these currencies.

Sunday gap plays coming in another 36 hours, we'll catch up with you then.

Trending ops...

Keeping an eye on the GBP/USD for a bounce off the .94 price point (support) and some profit taking on the recent USD longs.

More Sunday gap follow-up from 8/3/2008...

EUR/USD gapped 25 pips and closed within 30 hours.  It should be noted that there was a 70 pip move upwards before closing (ha, which took out my stop in the process).

EUR/JPY gapped 18 pips and closed within 2 hours.

GBP/USD had a small 10 pip gap upwards which continued to climb up another 15 pips or so before heading down and closing on the third hourly bar.

NZD/USD had an 18 pip gap which closed on the third hour bar.

USD/JPY had a small 6 pip gap which quickly extended against the gap, offering up some pips...the gap closed on the eight hour bar.

That's it.

E/U Gap Closed

More later

**Update.  The screenshot shows the close.

E/U Gap follow-up..

..still watching this, price did not stay much over 1.56 on the hourly. Now it looks setup to retrace some lower. I will be watching. No longer in the trade and I cannot re-enter at this time.

E/U gap stopped out. Account loss of nearly 1%

I'll look into this with more detail later.

Follow-up on the E/U gap trade

The EUR/USD gap is not wanting to close right now...we came within 14 pips of closing last hour (within 5 pips of my T/P) but reversed hard and is now climbing. My S/L is @ about 156.10.

A little frustrated with this one...usually the EUR gaps close pretty quickly.

The screenshot clearly shows the gap, the resistance levels, SL level & where my TP is.

Good morning :)

Short EUR/USD gap to close...looking for 20pips

I'll follow-up later with screenshots, etc.

Good afternoon :)

Done for the week

...ending balance is at +6.7% for the year.

Sunday gaps are two days away, hopefully we can get more action than last week.

Not much for trend trading this week, I'm honestly a little confused with the market and the recent US strength so I will remain on the sidelines until I find something that I like. I really do want to get short on the NZD/USD and was hoping a weak job loss report this morning may have presented an opportunity but...that wasn't the case. I'd really like to see this back to .75 before going short...

Have a good weekend and good morning :)