FXLR - Live Room Summary - Mon 30 Nov 2009
A decent but choppy day in the room. Some other good trades taken by some of the guys, with the Cable trade being held longer by some. well done. Just three official trades taken in the room - Total: +59 pips on the day.
Trades taken in the Room:
1. short GBP/JPY @ 142.30 (+19, +63). Rising channel.
2. short AUD/USD @ 0.9140 (-5). Double top.
3. short GBP/JPY @ 142.30 (+18, +28). Triangle.
Happy Trading
FXLR Team
FXLR - Live Room Summary - Fri 27 Nov 2009
A good day in the room, with lots of chat etc. Some trades cut too early by us, but it was Friday and it would hav ebeen a shame to take hits on trades that didn’t appear the same as when taken. However, well done to those that stayed in. Total: +46 pips on the day.
Trades Taken in Room:
1. long USD/JPY @ 86.55 (+19, +21). Momentum.
2. short GBP/USD @ 1.6404 (+3). Trendline.
3. short GBP/USD @ 1.6382 (+12, +6). Momentum.
4. long GBP/USD @ 1.6482 (+20, +16). Flag.
5. long EUR/USD @ 1.4950 (+13). Flag.
6. short USD/CAD @ 1.0639 (+8). Flag.
7. long EUR/USD @ 1.4985 (-25). Flag.
Trade Ideas pointed out - taken by some members:
1. GBP/JPY: long, flag break @ 141.97, moved to 142.62.
2. Swissy: short, flag break @ 1.0073, moved to 1.0045.
Have a good weekend.
Happy Trading
FXLR Team
FXLR - Live Room Morning Summary - Thurs 26 Nov 2009
An enjoyable day today./ Despite the US being closed we did very well, as did the guys in the room. Total: +143 pips on the day.
Trades: 8 trades, 7 wins, 1 small loss
Actual Trades Taken in Room:
1. short GBP/USD @ 1.6583 (+21, +33). Flag.
2. short AUD/USD @ 0.9203 (+18, +18). Momentum.
3. short EUR/USD @ 1.5060 (-4). Momentum.
4. short GBP/JPY @ 143.60 (+9). Flag.
5. short GBP/USD @ 1.6529 (+12, +26). Momentum.
6. short EUR/USD @ 1.5047 (+13, +27). Momentum.
7. short GBP/JPY @ 143.24 (+22, +32). Momentum.
8. short EUR/JPY @ 129.96 (+18, +36). Descending triangle.
Happy Trading,
FXLR Team
FXLR - Live Room Morning Summary - Wed 25 Nov 2009
An enjoyable day. Some really good trades taken. A few highlighted that did very well. We still did well, with 3 trades. The first was unlucky to be closed at break even as it went on some +75 pips after retracing to b/e. Never mind. But well done to the two guys that held it and ran with it. Also the other trades taken that we posinted out. Total: +36 pips on the day.
Actual Trades Taken:
1. short USD/CAD @ 1.0524 (+0). Momentum (moved to 1.0449 soon after the trade was closed).
2. short GBP/JPY @ 145.97 (+22). Ascending triangle.
3. short EUR/JPY @ 132.12 (+14). Channel.
Trade Ideas Pointed out in Room:
1. USD/CAD: short, flag break @ 1.0471, moved to 1.0449.
2. USD/CAD: long, double bottom break @ 1.0477, moved to 1.0525.
3. Aussie: short, double top break @ 0.9278, moved to 0.9243.
4. Yen: short, descending triangle break @ 87.55, moved to 87.37.
Well done guys. An enjoyable day.
Happy Trading
FXLR Team
FXLR - Live Room Morning Summary - Tues 24 Nov 2009
Just one trade today officially called, which unfortunately reversed. Total: -25 pips. What a shame we didn’t take the trades pointed out that the members did!
Trade Called in Room:
1. short EUR/USD @ 1.4890 (-25). Flag
Other Trade ideas Pointed Out in Room - Taken by Members:
1. Swissy: short, channel break @ 1.0104, moved to 1.0081.
2. Euro: long, channel break @ 1.4953, moved to 1.4983.
3. USD/CAD: short, small trendline break @ 1.0598, moved to 1.0561.
Happy Trading.
FXLR Team
FXLR - Live Room Morning Summary - Fri 20 Nov 2009
A great day in the room today, with one member netting some +200 pips, with +100 pips on the Cable short alone. Well done. We didn’t take a s many tardes but still had a nice +50 pips on the day.
Total: +50 pips
1. short GBP/USD @ 1.6603 (+18, +28). Momentum.
2. short GBP/USD @ 1.6561 (+15, +27). Flag.
3. long USD/CAD @ 1.0668 (+6). Momentum.
Other Trade Ideas Pointed out and Taken by Room members:
1. Aussie: short, Momentum break @ 0.9154 or 0.9130, moved to 0.9060.
2. GBP/JPY: short, Momentum break @ 147.50, moved to 146.44.
3. Euro: short, Momentum break @ 1.4862, moved to 1.4800.
Have a good weekend.
Happy Trading
FXLR Team
FXLR - Live Room Morning Summary - Thurs 19 Nov 2009
A few trades today in the room. Some technical issues caused some hassle too, but we will be sorting these over night. Total: +1 pip on the day.
Official Trades Taken:
1. short USD/JPY @ 88.91 (-15). Descending triangle.
2. short GBP/USD @ 1.6684 (+10, 0). Momentum.
3. short GBP/USD @ 1.6624 (-25). Momentum.
4. long EUR/USD @ 1.4892 (+17, +21). Channel.
5. short USD/CHF @ 1.0155 (+15, +19). Channel.
Others had some more successful trades. Well done, guys.
Happy Trading
FXLR Team
FXLR - Live Room Morning Summary - Wed 18 Nov 2009
Fairly active day, but not as many trades taken as possible. Some did very well. Offical trades netted us Total: +34 pips on the day.
Official Trades:
1. short USD/CAD @ 1.0503 (+11, +11). Channel.
2. long USD/CAD @ 1.0507 (+13, +11). Ascending Triangle.
3. short AUD/USD @ 0.9281 (+8). Momentum.
4. short GBP/USD @ 1.6725 (+3). Ascending Triangle.
Other Trades Pointed Out - Trade Ideas taken by members:
1. Aussie: short, Double Top break @ 0.9318, moved to 0.9292.
2. Cad: long, Channel break @ 1.0479, moved to 1.0517.
3. Euro: short, Trendline break @ 1.4969, moved to 1.4937.
4. Swissy: short, Momentum break @ 1.0102, moved to 1.0086.
Happy Trading
FXLR Team
FXLR - Live Room Morning Summary - Tues 17 Nov 2009
A fairly busy day in the room, but only two official trades taken. Other trade set ups mentioned were talken by members. Well done. Total: +21 pips on the day.
Official Trades:
1. short GBP/USD @ 1.6795 (+20, 0). Double top.
2. short GBP/USD @ 1.6783 (+11). Rising channel.
Trade Ideas and breaks highlighted - trades taken by members.
1. Cable: short, Pennant break @ 1.6776, moved to 1.6754.
2. EUR/JPY: short, Pennant break @ 132.89, moved to 132.59.
3. Euro: short, Flag break @ 1.4893, moved to 1.4852.
4. Aussie: short, Ascending triangle break @ 0.9269, moved to 0.9248.
5. Yen: long, Double bottom break @ 89.16, moved to 89.41.
Happy Trading
FXLR Team
FXLR - Live Room Morning Summary - Mon 16 Nov 2009
A quiet day, with an unlucky stop by one pip to round it off. Total: -19 pips.
Room Trades Taken:
1. short GBP/USD @ 1.6683 (+12, 0). Momentum.
2. short USD/JPY @ 89.33 (-25). Descending Triangle. (Stopped out by 1 pip on news release. Reversed quickly and moved to 88.74).
Trade Ideas pointed out, trend lines, potential breaks highlighted and trades taken by members:
1. Cable: short, Trendline break @ 1.6708, moved to 1.6668.
2. Aussie: long, Channel break @ 0.9353, moved to 0.9374.
3. Euro: short, Double Top break @ 1.4950, moved to 1.4878.
4. Swissy: long, Double Bottom break @ 1.0095, moved to 1.0143.
Members did well. See you tomorrow.
Happy Trading
FXLR Team