Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading For Those Who Have A Day Job 28 replies

Trading For Those Who Have A Day Job 0 replies

For those of you who ARE trading the Yen... 9 replies

Start Trading: Throw Those Excuses Out the Window 0 replies

Attachments: Trading For Those With a 9-5 Job
Exit Attachments

Trading For Those With a 9-5 Job

Hello chaps.
Revisiting EUR/GBP, which continues to fascinate me, even though I don't trade it. Currently facing triple resistance and in some kind of steep rising pennant or wedge (not sure what it's called to be honest), but the euro is pretty strong these days, so let's see what Mr. Market has in store for it over the coming days and weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 139 KB
I have no clue what I'm talking about.
The start of the week

The week has started with me being on the other side of the market in most of my trade ideas.

Was expecting crude to fall (against 98.60) but it hasnt. The idea for new lows remains as long as the 98.60 pivot is not taken out. It might just be retesting the breakdown point

Was expecting some more upside in the $. Nothing yet.

The watching and waiting continues...

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting Olu
The start of the week The week has started with me being on the other side of the market in most of my trade ideas. Was expecting crude to fall (against 98.60) but it hasnt. The idea for new lows remains as long as the 98.60 pivot is not taken out. It might just be retesting the breakdown point Was expecting some more upside in the $. Nothing yet. The watching and waiting continues... Olu
Yeah that's tough..when you look at your trading screen and near enough all your positions are getting whacked. Hope it's not too bad geezer.
I have no clue what I'm talking about.
Quoting Boy Wonder
Hello chaps. Revisiting EUR/GBP, which continues to fascinate me, even though I don't trade it. Currently facing triple resistance and in some kind of steep rising pennant or wedge (not sure what it's called to be honest), but the euro is pretty strong these days, so let's see what Mr. Market has in store for it over the coming days and weeks. {image}
Now That's What I Call Rejection volume 144:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
I have no clue what I'm talking about.
The EUR/GBP move has big implications for GBPUSD; if EURUSD is to challenge 1.38/39/40 then we could see GBPUSD headed up to 1.64/5/67 before it swings meaningfully lower.
Lots of ifs.
I have no clue what I'm talking about.
Quoting Boy Wonder
{quote} Now That's What I Call Rejection volume 144: {image}

I agree BW that is the mother of all rejection. And it is still going lower. The euro is getting hit by the tapering news.

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
Tapering has officially started and its effect is showing on the $ as expected
Attached Image (click to enlarge)
Click to Enlarge Name: DollarIndex-daily-18122013-2125uk.jpg Size: 92 KB
Find a trend and milk it for all it is worth. That's how to be profitable
Guys

This is going to be my last post for 2013. Things will kick in again on the 6th of January2014.

How did you do in 2013? what did you do (in trading) in 2013 that you would not do in 2014?

I hope that in some way I have helped your trading while I was learning from all the posters on this thread. I would really be happy if I have been able to convey that trend trading is the best way to trade.

I am grateful to all who posted on this thread. I have picked ideas from different perspectives on this thread. Wish us all loads of pips (forex) and points (other instruments) in 2014

For all who celebrate Christmas (I do) I wish you all a merry Christmas.

And for all of you I wish you a happy new year. May you and yours be safe, well and prosper.

Some charts are posted as well to see us into 2014:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10yrNotes-Monthly-21122013.jpg Size: 97 KB
Click to Enlarge Name: FXCMDollarIndex-weekly-21122013.jpg Size: 108 KB
Click to Enlarge Name: eurusd-weekly-21122013.jpg Size: 101 KB
Click to Enlarge Name: CrudeOil-weekly-21122013.jpg Size: 117 KB
Click to Enlarge Name: YenFuturesCont-Monthly-21122013.jpg Size: 87 KB
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting Olu
Guys This is going to be my last post for 2013. Things will kick in again on the 6th of January2014. How did you do in 2013? what did you do (in trading) in 2013 that you would not do in 2014? I hope that in some way I have helped your trading while I was learning from all the posters on this thread. I would really be happy if I have been able to convey that trend trading is the best way to trade. I am grateful to all who posted on this thread. I have picked ideas from different perspectives on this thread. Wish us all loads of pips (forex) and...
Hi olu,

merry christmas to you also, enjoy the festive holiday with your family, here's to a prosperous coming year.
first post on new year!

US oil looks to go down now.

Olu how will you trade this?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 82 KB
Excellent trading journal in 2013 Olu, I like how meticulous you are in finding the right entries. Good luck in 2014!
Quoting trexy123
first post on new year! US oil looks to go down now. Olu how will you trade this? {image}
Great call trexy. Hope you made money on it.
I have no clue what I'm talking about.
Copper looks like a good r/r sell here, stops above 3.45/3.46. Looks to be forming a right shoulder, which could see sideways action for a week or three before resuming to the downside.
There's also a copper ETF - JJC.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
I have no clue what I'm talking about.
DX is caught in a triangle; the break is coming in the next few days and it could be explosive. Maybe NFPs will be the trigger. Despite my fundamental bullish dollar thesis it looks heavy; that and it feels like the whole world is short EURUSD right now has me feeling there could be a move to the downside (in DXY) first, which could turn out after a few days to be a fake out...or not.
But, I've lost so much money trying to be a smart arse by trading break outs as if they are fake outs that I must trade the break in the direction that it comes and deal with the fake out if and when it arrives.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 187 KB
I have no clue what I'm talking about.
anyone on audusd ? looks like a reversal is coming?
Without the low liquidity spikes in EUR/USD and GBP/USD during Xmas I suspect the charts would look somewhat less bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 24 KB
Twitter - @Jimbaloo
Happy New Year Everyone


Wish us all loads of pips/points
Find a trend and milk it for all it is worth. That's how to be profitable
Crude Oil
Attached Image(s) (click to enlarge)
Click to Enlarge Name: crudeoil-weekly-06012014-0030uk.jpg Size: 88 KB
Click to Enlarge Name: crudeOil-daily-06012014-0031uk.jpg Size: 84 KB
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting trexy123
first post on new year! US oil looks to go down now. Olu how will you trade this? {image}
Well done Trexy123 on putting out the first post on the thread and a great trade as well. As I said on my crude chart I missed this downmove but if EW analysis has any truth in it and if it is applied correctly this move down is just the beginning. Hope you banked some

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting Boy Wonder
DX is caught in a triangle; the break is coming in the next few days and it could be explosive. Maybe NFPs will be the trigger. Despite my fundamental bullish dollar thesis it looks heavy; that and it feels like the whole world is short EURUSD right now has me feeling there could be a move to the downside (in DXY) first, which could turn out after a few days to be a fake out...or not. But, I've lost so much money trying to be a smart arse by trading break outs as if they are fake outs that I must trade the break in the direction that it comes and...

I hear you BW. When the whole world swings one way the market tends not to go that way. However if we get a retest of the breakout point and then take out the high of the initial thrust I think the upmove will be valid and tradable for a profit. That is how I want to play this. Thanks for putting up this idea we'll se how this pays out

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
0 traders viewing now