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To Register for a Webinar this Tuesday, 11/24, hosted by Jay on Integrating Fundamental Analysis into your trading go to [url]https://www2.gotomeeting.com/register/543618195[/url] If you can't make it, still sign up to recieve the archive.

Nice article. Good point about abstract fundamentals which might or might not gain traction and tangible PA which you can base trades on. Time for a $$$ resurrection...(until Feb 2010 when it will start a big leg down again).

Cheerio

Nice article. Good point about abstract fundamentals which might or might not gain traction and tangible PA which you can base trades on. Time for a $$$ resurrection...(until Feb 2010 when it will start a big leg down again). Cheerio

Weekly USD/INX hit two lows to the tick.

Weekly USD/INX hit two lows to the tick.

....been following closely lately:....quite inspiring and making me feel like a PRO! Thanks and God bless u.

....been following closely lately:....quite inspiring and making me feel like a PRO! Thanks and God bless u.

thanks Tex...yep...fact based triggers are the only way to handle risk

Hi Inflxshn, DJIA also completed 50% retrace of '07 to '09 downmove leaving a shooting star on the weekly...U.S. stocks still hanging on though -- no sell confirmation just yet...

Thank you very much Goodwings! God Bless You and your family and friends too!

thanks Tex...yep...fact based triggers are the only way to handle risk Hi Inflxshn, DJIA also completed 50% retrace of '07 to '09 downmove leaving a shooting star on the weekly...U.S. stocks still hanging on though -- no sell confirmation just yet... Thank you very much Goodwings! God Bless You and your family and friends too!

i wana ask you ..do u advice me 2 buy euro ?this week!

i wana ask you ..do u advice me 2 buy euro ?this week!

Hi Riene,
That would have been a good idea last night.
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A very important aspect of trading is you need to be able to afford to do it. Using higher time frame confirmation also means your risk is calculated on the higher time frame also. And it means the trader is financially and mentally prepared to whether adverse price movement, and always prepared to be wrong.

Hi Riene, That would have been a good idea last night. ______________________________________________ A very important aspect of trading is you need to be able to afford to do it. Using higher time frame confirmation also means your risk is calculated on the higher time frame also. And it means the trader is financially and mentally prepared to whether adverse price movement, and always prepared to be wrong.

Sure.... NOT!!!! (just kidding)

Sure.... NOT!!!! (just kidding)

LOLOL Good one FXT, it takes time to turn an ocean tanker around...I do sort of miss the old days when markets went both ways. Us EURUSD shorts still need a close below 48.00 to go all in, and the ability to weather another move to 50.50.

LOLOL Good one FXT, it takes time to turn an ocean tanker around...I do sort of miss the old days when markets went both ways. ;) Us EURUSD shorts still need a close below 48.00 to go all in, and the ability to weather another move to 50.50.

It could be now Jay, if if S&P gets under 1105 and holds the day.

Marco

It could be now Jay, if if S&P gets under 1105 and holds the day. Marco

what buy/sell signals are you talking about Jay? your sma open/ sma close cross? . Hopefully you have something a little more substantial than that to base this trade recommendation on

what buy/sell signals are you talking about Jay? your sma open/ sma close cross? . Hopefully you have something a little more substantial than that to base this trade recommendation on

Hi Marco,
Cheers Buddy
I think time and price wise we're close to a top in those spoos too

Hi MACD,

I used the crystal ball on that one

Stop above the Oct high

Hi Marco, Cheers Buddy I think time and price wise we're close to a top in those spoos too Hi MACD, I used the crystal ball on that one ;) Stop above the Oct high

MACD,

I did go in w/ the minimum requirements. Which is fine, given my risk was still just 2%. I did not wait for confirmation of a trend line break on the higher time frame. At the begining of a campaign, when we have the minimum rquirements, and the market, as was this case in eurusd, still moving sideways, we either wait for a close below the bottom of the range -- same as trend line break in this case, or we go in very small, understanding our risk is only to the top of the range -- which gave me a nice risk/reward which was the deciding factor, i.e. greed. I still need a close above the Oct high to exit -- have a hard stop -- aka catostophic stop -- 10 pips above Weekly Pivot R2 which happens to be a hair over a 2% loss for me. I like positon trading like this because it's much easier to become detached from the trade.

I didn't do anything else outside EURUSD -- Thankgiving '06 was never far from my mind, nor was the old trading floor adage "don't get caught short in a quiet market".

Happy Thanksgiving Everybody!

MACD, I did go in w/ the minimum requirements. Which is fine, given my risk was still just 2%. I did not wait for confirmation of a trend line break on the higher time frame. At the begining of a campaign, when we have the minimum rquirements, and the market, as was this case in eurusd, still moving sideways, we either wait for a close below the bottom of the range -- same as trend line break in this case, or we go in very small, understanding our risk is only to the top of the range -- which gave me a nice risk/reward which was the deciding factor, i.e. greed. I still need a close above the Oct high to exit -- have a hard stop -- aka catostophic stop -- 10 pips above Weekly Pivot R2 which happens to be a hair over a 2% loss for me. I like positon trading like this because it's much easier to become detached from the trade. I didn't do anything else outside EURUSD -- Thankgiving '06 was never far from my mind, nor was the old trading floor adage "don't get caught short in a quiet market". Happy Thanksgiving Everybody!

Thanks for sharing your reasoning and risk management. I like the "old trading floor adage" also

Thanks for sharing your reasoning and risk management. I like the "old trading floor adage" also