Tiger Time Lanes Live Forex Trading Room Performance Log 12-14-10

Tiger Time Lanes forex trading software Live Trade Room Performance Log 12-14-2010

Pre-London price action was fairly slow until near the end when EURUSD continued rapidly to the upside. That’s when Luka saw an O2W opportunity on EURUSD so he took 2 lots short and made +6 on 1 lot, and EURUSD shot up even further after that so he was stopped out for -1 on the other 1 lot.

For Franjo’s London session we saw some more good price action on most pairs. First opportunity Franjo spotted just after the start of the session was a potential long bounce entry on GBPUSD at the 15 minute levels. Franjo entered the trade as soon as he saw the level hit with a tight 10 pip stop loss and only a minute later the bounce happened so Franjo closed half of his position for +7 pips before he was stopped out for break even on 2nd half of the position.
With euro turning over to the downside Franjo was looking to find a revesal short opportunity and the first one was off the 1 minute L3 level after a nice pullback from a lower low on the 1 minute chart. Franjo entered the EURUSD short position again with a tight stop loss and shortly after he was up by 8 pips and close to his first target. Instead of taking profit, this time Franjo decided to move his stop loss to break even and run the position to see if euro will move lower. Unfortunatelly EURUSD turned to the upside again so Franjo was stopped out for -1 pips.

New York proved to be a busy session for Paul. The sessuion through up a series of long Orange to white trades on cable which netted him a quck +5 before US retail figures followed by +10 before being stopped out om cable twice in succession for -5 and -4. Paul the bided his time before finding another good level on cable at 5753 where he went long taking +6. But cable continued to drop and Paul eyed the 200MA on the hour chart at 5745 and the S7 on the time lanes at 5737. Cable kissed the L7 and Paul got in at 5740 ridding it up to 5760 for +19. Some of the traders in the room held on a bit longer and posted gains of over 30 pips.

Not a lot of price action as the FOMC rate decision just a couple hours away, the New York Session continues with Sam eyeing a Trend Trade Setup on Gbp/Usd at a 5 minute level. He enters short, Quickly taking +5 pips on half. Second half of trade stops out at break even. Another 5 minute Trend Trade shows itself on Eur/Usd, allowing Sam to enter short at the 5 min levels, netting a quick +10 pips on half, seeing as much as +14 on the second half, He holds the position to see if it will break a strong 1 hr. level. The level proves too strong, forcing Sam to take a +5 on the second half. Sam also alerts the traderoom to a Long Tripod entry on Aud/Usd, Sam doesnt enter but some attendees were able to pick up 20 pips on the move.

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