Comments for Ferrowolf's Trading Den http://www.ferrowolf.com There are Bulls, Bears, Pigs and Sheep. Now... there's a Wolf in the mix. Fri, 16 Jul 2010 15:10:18 +0000 hourly 1 http://wordpress.org/?v=3.0 Comment on Trades taken 14th and 15th July by Ferrowolf http://www.ferrowolf.com/?p=1413&cpage=1#comment-677 Ferrowolf Fri, 16 Jul 2010 15:10:18 +0000 http://www.ferrowolf.com/?p=1413#comment-677 Target reached on last running position at 1.2986 for +200 pips. So that's equivalent to +90 pips on a full position. Which brings me to about +4% for the month. Target reached on last running position at 1.2986 for +200 pips.
So that’s equivalent to +90 pips on a full position.
Which brings me to about +4% for the month.

]]> Comment on EURUSD channel and trade by Ferrowolf http://www.ferrowolf.com/?p=1395&cpage=1#comment-665 Ferrowolf Thu, 01 Jul 2010 14:18:07 +0000 http://www.ferrowolf.com/?p=1395#comment-665 The channel broke nicely, it's pretty much like a flag. We're up at 1.2450 resistance area. I would expect a retracement hereabouts, and a larger move up to 1.2600s if this level breaks. The channel broke nicely, it’s pretty much like a flag.
We’re up at 1.2450 resistance area.
I would expect a retracement hereabouts, and a larger move up to 1.2600s if this level breaks.

]]> Comment on EURUSD trade taken 16th June by Ferrowolf http://www.ferrowolf.com/?p=1377&cpage=1#comment-657 Ferrowolf Thu, 17 Jun 2010 08:33:46 +0000 http://www.ferrowolf.com/?p=1377#comment-657 I'm out with +30 pips on the 2nd part of the position. False break of the 50% level, unfortunately I wasn't at home and only made it back to close out with +30.. think I need a mobile trading platform.. I’m out with +30 pips on the 2nd part of the position.
False break of the 50% level, unfortunately I wasn’t at home and only made it back to close out with +30.. think I need a mobile trading platform..

]]> Comment on Trade taken on the EURUSD and a look at the GBPUSD 15th June by Ferrowolf http://www.ferrowolf.com/?p=1372&cpage=1#comment-656 Ferrowolf Thu, 17 Jun 2010 03:02:28 +0000 http://www.ferrowolf.com/?p=1372#comment-656 I held the 2nd part of this EURUSD position to +100 pips, however I didn't exit because I was looking for more pips. A little too greedy there ;p Ended up getting stopped out at breakeven. I held the 2nd part of this EURUSD position to +100 pips, however I didn’t exit because I was looking for more pips. A little too greedy there ;p
Ended up getting stopped out at breakeven.

]]> Comment on Things are getting crazy! by Ferrowolf http://www.ferrowolf.com/?p=1368&cpage=1#comment-652 Ferrowolf Mon, 14 Jun 2010 03:11:36 +0000 http://www.ferrowolf.com/?p=1368#comment-652 Well there we go! The probable short squeeze I was referring to made its appearance as a gap and a runaway in the earliest hours of monday's trading. At this point, I do believe we'll break that day high before heading lower, so I'm taking long trades, waiting to see some kind of blowoff or signs of momentum reversal =) Well there we go!
The probable short squeeze I was referring to made its appearance as a gap and a runaway in the earliest hours of monday’s trading.
At this point, I do believe we’ll break that day high before heading lower, so I’m taking long trades, waiting to see some kind of blowoff or signs of momentum reversal =)

]]> Comment on EURUSD trade taken 25th May by Ferrowolf http://www.ferrowolf.com/?p=1364&cpage=1#comment-642 Ferrowolf Wed, 26 May 2010 02:02:37 +0000 http://www.ferrowolf.com/?p=1364#comment-642 Stopped out at breakeven on the remaining half position. So +20 pips for this trade. Took another short half position at 1.2287 which got stopped out for -40 pips, so that basically brings me to breakeven for the day. What a pity, should have taken profit off that 1.2180s support area when I saw it struggling. Moreover, I went out after that till late. Next time I'll have to be more careful with leaving profit on the table for extended periods of time in the face of resistance/support. Stopped out at breakeven on the remaining half position.
So +20 pips for this trade.
Took another short half position at 1.2287 which got stopped out for -40 pips, so that basically brings me to breakeven for the day.
What a pity, should have taken profit off that 1.2180s support area when I saw it struggling. Moreover, I went out after that till late.
Next time I’ll have to be more careful with leaving profit on the table for extended periods of time in the face of resistance/support.

]]> Comment on GBPUSD, GBPJPY, EURUSD pairs looking interesting recently. by Ferrowolf http://www.ferrowolf.com/?p=1348&cpage=1#comment-631 Ferrowolf Thu, 06 May 2010 08:38:03 +0000 http://www.ferrowolf.com/?p=1348#comment-631 Closed out that GBPJPY position in a few stages, for a total of +205.5 pips. The bid prices touched my 140.20 target, but the ask price didn't, so I had to manually close out. Eurusd, weakness continues, but I doubt it will last. Watch for a retracement. GBPUSD, after a couple of retracements it falls 100 pips from the break, which is the classical target for such a triangle. Closed out that GBPJPY position in a few stages, for a total of +205.5 pips.
The bid prices touched my 140.20 target, but the ask price didn’t, so I had to manually close out.

Eurusd, weakness continues, but I doubt it will last. Watch for a retracement.

GBPUSD, after a couple of retracements it falls 100 pips from the break, which is the classical target for such a triangle.

]]> Comment on GBPUSD, GBPJPY, EURUSD pairs looking interesting recently. by Ferrowolf http://www.ferrowolf.com/?p=1348&cpage=1#comment-630 Ferrowolf Wed, 05 May 2010 15:14:12 +0000 http://www.ferrowolf.com/?p=1348#comment-630 Well there we have it, very aggressive sellers broke the EURUSD horizontal channel to the downside. 1.2800 has proven to be a level of support as I've mentioned some weeks back in the longer term analysis of the EURUSD. EURUSD has had 2 days of range expansion to the downside. Drops like this usually have some form of retracement.. I think there'll be a pretty deep one. GBPUSD triangle broke to the downside, moderate 50+ pips move to the downside. GBPJPY swing short broke new lows, looking good. Well there we have it, very aggressive sellers broke the EURUSD horizontal channel to the downside.
1.2800 has proven to be a level of support as I’ve mentioned some weeks back in the longer term analysis of the EURUSD.
EURUSD has had 2 days of range expansion to the downside. Drops like this usually have some form of retracement.. I think there’ll be a pretty deep one.

GBPUSD triangle broke to the downside, moderate 50+ pips move to the downside.

GBPJPY swing short broke new lows, looking good.

]]> Comment on Market Analysis for the week ahead! 12th April! =) by Ferrowolf http://www.ferrowolf.com/?p=1311&cpage=1#comment-615 Ferrowolf Mon, 12 Apr 2010 02:51:18 +0000 http://www.ferrowolf.com/?p=1311#comment-615 Wow! Eurusd gapped up 130+ pips and GBPUSD gapped up 60+ pips! I think we can expect large volatility in both directions this week. gonna keep it tight! Wow! Eurusd gapped up 130+ pips and GBPUSD gapped up 60+ pips!
I think we can expect large volatility in both directions this week. gonna keep it tight!

]]> Comment on Trades after a much needed rest by Ferrowolf http://www.ferrowolf.com/?p=1280&cpage=1#comment-598 Ferrowolf Wed, 31 Mar 2010 11:39:05 +0000 http://www.ferrowolf.com/?p=1280#comment-598 Looks like I was wrong about how prices would move in anticipation of NFP. BTW, I just noticed it's bank holiday for the US and EUR on friday and monday! So we're going to see some crazy reactions on monday and tuesday! looking forward to it. =) ADP just posted a worse than expected number, perhaps the EURUSD and GBPUSD could be moving up till friday. I saw prices struggling with levels of support on both the EURUSD and GBPUSD, so I moved my stops. Both had fake breaks, of which the GBPUSD had a more violent one, but it did a small retest after the false break for a possible long entry. I was out of the house so I didn't trade the london open today. remaining half EURUSD position got stopped out for +40 pips, equivalent to +20pips so EURUSD total 29 + 20 = +49 pips GBPUSD stopped out at breakeven So GBPUSD total = 12.5pips Pity about the yen pairs, they're always running all over the place, makes me tempted to get back into the GBPJPY again. But I must stay the course, remember that I'm looking for more consistency in my trading. At the moment I'm at breakeven for the month of march. +0% I guess this is better than having a losing month. Unlikely to enter more trades today. Let's see what april brings! It's my birthday month, so I hope to get lotsa pippin' pressents from the market! =p Looks like I was wrong about how prices would move in anticipation of NFP.
BTW, I just noticed it’s bank holiday for the US and EUR on friday and monday!
So we’re going to see some crazy reactions on monday and tuesday! looking forward to it. =)
ADP just posted a worse than expected number, perhaps the EURUSD and GBPUSD could be moving up till friday.
I saw prices struggling with levels of support on both the EURUSD and GBPUSD, so I moved my stops.
Both had fake breaks, of which the GBPUSD had a more violent one, but it did a small retest after the false break for a possible long entry.
I was out of the house so I didn’t trade the london open today.
remaining half EURUSD position got stopped out for +40 pips, equivalent to +20pips
so EURUSD total 29 + 20 = +49 pips
GBPUSD stopped out at breakeven
So GBPUSD total = 12.5pips
Pity about the yen pairs, they’re always running all over the place, makes me tempted to get back into the GBPJPY again.
But I must stay the course, remember that I’m looking for more consistency in my trading.
At the moment I’m at breakeven for the month of march. +0%
I guess this is better than having a losing month. Unlikely to enter more trades today.
Let’s see what april brings!
It’s my birthday month, so I hope to get lotsa pippin’ pressents from the market! =p

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