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ElmoM commented Oct 3, 2013The Republicans are serious!!!!!!!!!!
US Capitol on lockdown after shots fired, CNBC says
- ElmoM replied Sep 23, 2013
Tried to fight the markets momentum on that one and lost. Just warming up, cut losses.
Elmo's Trade Journal
- ElmoM replied Sep 23, 2013
Second trade here. EURGBP. Looks pair is in the upswing of a down leg. image image
Elmo's Trade Journal
- ElmoM replied Sep 18, 2013
That dog did not hunt. AUDUSD pair stuck in horizontal pattern. $17 profit. First tade in a while. A little cherry p image opper, it you will.
Elmo's Trade Journal
- ElmoM replied Sep 17, 2013
Here it is... First trade with this account, AUDUSD. I see a consolidation/ reversal pattern forming at what could began a serious downward trend. image
Elmo's Trade Journal
- ElmoM replied Sep 16, 2013
Interestingly, I am shorting all off the currencies against the dollar in the above pairs. The EUR,AUD, and the GBP. image image image
Elmo's Trade Journal
- ElmoM replied Sep 16, 2013
This is kinda sexy. This pair is the highest it has been since august 2011 image Now for the entry question "Will it break to the support side or the resistance side?". I will watch her for a few dances. image
Elmo's Trade Journal
- ElmoM replied Sep 16, 2013
Here is an interesting pair. Stuck in a downward channel. Just bounced off upper resistance band. Just passed through april low price. could go all the way to .74300. image I am thristy but careful. I will watch for a few days to see it we get a ...
Elmo's Trade Journal
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Elmo's Trade Journal
Started Sep 16, 2013|Trading Journals|7 replies
I have been away from forex for a while as other professional duties have been stronger ...
- ElmoM commented Aug 21, 2013
Substance is lacking at CNBC overall. At the start of the 2007 collapse, Jim Cramer had to go on the view to give advice to people that the market was going in the tank. CNBC wants cheerleaders, not party poopers. BTW Steve Lies,man.
Opportunity finally arrives in the bond market
- ElmoM commented Aug 24, 2011
I can see 1500 in the next three months
Gold Crashing on Risk Appetite, Rumors
- ElmoM replied Apr 7, 2011
Stopped out — Pair rose back to upper resistance level. Topped out at1.63629. Looks like a consolidation or reversal pattern forming. RSI and MACD show overbought conditions Scrolling forward through charts shows 34 Day EMA trending downward.
GBPUSD
- ElmoM replied Apr 5, 2011
Here is a close up of the drop — Price action could go down to .84300
EUR/GBP Trading Room
- ElmoM replied Apr 5, 2011
The Price action has turned — The price action on this pair has reached the upper resistance line and made a dramatic turn. Ride the wave
EUR/GBP Trading Room
- ElmoM replied Apr 1, 2011
Big resistance coming up — Upper boundary of Monthly trend line is coming. Price action should hit in the 1.40's
EURUSD Charts
- ElmoM replied Apr 1, 2011
1.53 down to 1.43 — I can see it Pair bounced off upper long term resistance line on 3/22/2011. We just need it to break through 1.59686 and intermediate trendline 1.40's are very possible.
GBPUSD
- ElmoM replied Apr 1, 2011
I used to do that until the NFA stopped me.
Real Fx traders do not use stoploss
- ElmoM replied Apr 1, 2011
Really? — What part of that really sounds like a good idea? How do you prevent loss if the market doesn't do what your thoughts, research, analysis, crystal ball tell you? Respect price action. It is a sly creature with a a lot a variables. ...
Real Fx traders do not use stoploss