EUR/NOK Positive Carry in the Direction of the Trend
EUR/NOK Positive Carry in the Direction of the Trend- In this current "deleveraging" environment (even my spell checker can't recognize the word) it has been a real challenge to find a currency pair that will pay you daily rollover interest while you are waiting for your trade to reach its profit objective.
This is what make the EUR/NOK special as it pays .23 cents per day in rollover. No, you won't get rich off of the interest but it is better than stubbing your big toe ( I have done that plenty of times getting out of bed!)
Add that to the nice daily close below the 7.800 support area and a Hawkish Norwegian central bank and you have the formula for a nice carry trade.
What are some carry trades that you are looking at or are currently in?
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Re-instated GBP/USD long 15970 (stop 15920) after loss 85pips in the first attempt.
Also short USD/CAD 9815 (stop 9855), gbp/jpy long 12860 (stop 12790)
went long 1.4214.......................this is awful.....to stressful..especially that I was gonna leave an hour ago and a call it a day..didnt manage to get sleep yesteday cause was scalping like crazy.....need to go to TA (traders anonymous)
cant watch anymore..put a stop loss for 10 pip profit @ 1.424 ..gonna go put the kids to bed...and live a normal life for as much as I can.....GL Everyone!!!
kids are asleep now...stayed away for 6 minutes..definitely need therapy anyway closed that long @ 1.4234 and took short now @ 1.4250 I like to sell in panic and it seems that all that went short paniced....no firm news still bailout details must be approved by the greeks...
kids are asleep now...stayed away for 6 minutes..definitely need therapy anyway closed that long @ 1.4234 and took short now @ 1.4250 I like to sell in panic and it seems that all that went short paniced....no firm news still bailout details must be approved by the greeks...
Hey Bibi, had one of the busiest day so far.. with so many pairs... it was great going.. started getting into the rally late, but got into the rhythm.. Today i scalped my heart out.. last trades in..... long on eu from 4128 and long on gu from 5943.. cashed most and only light ones in..
GL..
Luck simply don't wanna run off... this looks heading higher and higher.. I had a limit at 4231 and b4 i could act it was done deal.. shorted 4261 and closed and reversed longs... Gu still worth to hold as it bounced off confirmation like AUD did on their respective HNS breakouts...
Anyways 2 hrs and 30 mins... 2 hrs perspective have turned bullish. A day close higher to 4280 should confirm that... This was the supp earlier as well....
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
what a rebound, stopped out for a small gain on my previous long positions but a little confused on direction right now as i def thought we were going to find support at 1.4300. US markets pretty much jumped off the trampoline after that drop. Im still leaning towards the upside but will hold off until the direction i want to take is clear. However i do see a slight Falling wedge forming out, i think the plan of action moving forward is lets see if the pivot point gets retested up at 1.4430 or we crack down below 1.4000. Above 1.4430 will look to long, below 1.4000 will short. GL all.
thanks a lot Jimbo!!...I really like this forum because you're the only ones I know who trade forex..so I feel a great deal of support just by signing in...Good Luck to everyone!!
what a rebound, stopped out for a small gain on my previous long positions but a little confused on direction right now as i def thought we were going to find support at 1.4300. US markets pretty much jumped off the trampoline after that drop. Im still leaning towards the upside but will hold off until the direction i want to take is clear. However i do see a slight Falling wedge forming out, i think the plan of action moving forward is lets see if the pivot point gets retested up at 1.4430 or we crack down below 1.4000. Above 1.4430 will look to long, below 1.4000 will short. GL all.
BTW 8Hr chart below
Like your charts.. Yesterday drop was news infested. .same as now with Greece. Friday could be the hangover phase.
Weekly could be harami close.. Monday everyone will come fresh.... Hopefully they decide what to do next..... Buy Fed's or buy ECB..
Till then ......... let the chaos settle down...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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Originally Posted by Alejandro Zambrano 
anyway closed that long @ 1.4234 and took short now @ 1.4250 I like to sell in panic and it seems that all that went short paniced....no firm news still bailout details must be approved by the greeks...
