Jem's Uber Basket Trading Thread

[fxozgirl]

I'm watching:

Buy - audchf, gbpchf
Sell - euraud, eurcad, eurgbp, eurnzd

Just got in from work and looks like I may have missed the boat on audchf and euraud, so will leave them out of the basket tonight. Still waiting for the rest to trigger.

[fxozgirl]

I'm watching:

Buy - audchf, gbpchf
Sell - euraud, eurcad, eurgbp, eurnzd

Just got in from work and looks like I may have missed the boat on audchf and euraud, so will leave them out of the basket tonight. Still waiting for the rest to trigger.

Looks like all pairs are retracing now...let's see how far they go and will price resume in the direction of the trend to trigger a basket?

[hansnl]

WOBP reached, that's it for today

[Jemook]

WOBP reached, that's it for today

Hey buddy, what is WOBP?

[hansnl]

WOBP reached, that's it for today

Hey buddy, what is WOBP?

Everybody knows that Jem its the international short thing for " Wipe Out Basket Point "

[kelisa]

WOBP reached, that's it for today

Hey buddy, what is WOBP?

Everybody knows that Jem its the international short thing for " Wipe Out Basket Point "

Basket Stopped Out?

[harry89]

I was scratching my head over that one too. I was also stopped for a net loss of 200 pips. WOBP

[kelisa]

I was scratching my head over that one too. I was also stopped for a net loss of 200 pips. WOBP

Gosh!! Now i experienced WOBP too, down close to 200pips. Done for the day. It seemed price decided to do a deeper retracement, like what ozgirl said.

Will watch price get back to 5.1 reentry.

Lesson learned: Too agressive!

[The_Snowman]

No basket for me tonight, just don't understand the price action I am seeing, when in doubt stay out.

I see that most sells are in EUR but the main strength pair, EUR_USD is above the Weekly Pivot ???

Most of the buys are in CHF pairs which is the opposite co-relation to EURO, again ???

GBP news later, maybe the focus and moves will be there.

Catch ya'all later

[harry89]

Yeah, we're in wait and see mode until Bernanke speaks. There won't be more QE, but, market seems to be pricing in some positive reaction from what he will say.