DislikedAs requested by a senior thread member - the AllAverages indy - 14 different MAs that change colour.....just take your pick- also the ribbon MA
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EurAnalysis Kindergarten 24 replies
DislikedAs requested by a senior thread member - the AllAverages indy - 14 different MAs that change colour.....just take your pick- also the ribbon MA
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Disliked
Need to close below 1.2019/1.2000 area before next move to 1.1833 and 1.1649Ignored
DislikedG/U trade plan
SELL STOP has been placed at 1.5483 will look for 20-50 pips monitoring market factors and timing.
Alternative strategy- Let pair move to 1.5530 / 1.5540 area and reverse. Place a SELL STOPat 1.5519 with a TP range...Ignored
DislikedA/U – current 1.0236 – Last 3 sessions are negative – SELL STOP triggered at 1.0199 .. stops placed at 1.0267 and TP is at the strong 1.0031 Channel bottom.
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DislikedYou're welcome - that's what this thread is all about - sharing different approaches etc.....
For those who think that trading off the 5 min chart is about sitting in front of the screen all day, I actually spend much of my time outside, by my pool with various alerts set on my laptop, which I normally monitor every quarter of an hour......sure as hell beats being in an office - or like I was earlier, in a rather warm engine room on a 22 meter motor yacht....Ignored
DislikedI bet it was hot and loud in there. Hmmm just the way I like wifey. Hot and loudIgnored
Disliked.....well I had to put up with 2 Hot Cats.....of the 1050 hp type......
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DislikedHey that's cool. I didn't know Caterpiller made marine engines. I thought that was an industry monopolized by Cummins, Volvo and Mercury.Ignored
DislikedSoooo... report is in, 350k = below expectations.
This might be a stupid question, but is it possible that no matter what the figure would be it is a win-win for the euro bears? If the reading would be better than expected => dollar goes up. If the reading would be lower than expected, meaning economy in not so good condition, and money go to safer assets => dollar goes up?Ignored
DislikedCaterpillar are big players in Marine Engines - both in pleasure craft and commercial, ocean going vessels.
The 2 other majors - pleasure craft-wise -are MAN and MTU - for the 20 meter to 100 meter range...Ignored
DislikedI think the real pullback will be later as well. We should see a back to school numbers boost in September which will probably kick the can on QE3, but a pre-election stimulus isn't out of the question. A false recovery is more in Obama's favor than limping into November on bad numbers.Ignored
DislikedYes, except that if the figure was dismal (which it wasn't), then the USD would lose over hopes/fears of QE3. The opposite is also true. If the figure was much much better than expected, some of the safe haven trade would unwind and the USD will fall... but only until a nice E/U resistance level was reached at which point Euros would be sold on behalf of the SNB in very large quantities.
So yeah, as long as it's not a USD bash fest, it's a win/win for the euro bears.Ignored
DislikedYeah well my experience in marine engines is limited to the below 20 meter pleasure craft market... much below
The largest I owned was a 12 meter with two mercruiser 7.4 Liter with Bravo II outdrives. (375HP each). They almost bankrupt me every time I started the engines... and that was at Canadian fuel prices in 2005. Just imagine if I had to fill them up in Malta in 2012. LOLIgnored
DislikedThat's great. I have some news for you. You will never stop learning. That's the beauty of this business.Ignored