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  • #161
  • Oct 7, 2019 1:19pm Oct 7, 2019 1:19pm
Quoting detector
Hello all, hope you had a good weekend, looking at EUR/USD,currently on the 1hr a rising support line, as is the 4hr, (4hr meeting resistance on the 200Ma) depending on open, the chart is saying down possibly 1.09150, both 4 and daily below 200Ma while 1hr above, the total death if it falls 1.05000, a rise to possibly 1.10500, what's your thoughts D EDIT My apologies 4hr meeting reistance on the 100Ma 4hr and Daily below 100MA
Sorry I made a hash of my EUR/USD prediction, seems I got mixed up with my 200 & 100 Ma's, anyhow, short now opened 1.09772 D
I don't need to be good at the game, only good enough to beat my opponent,
  • #162
  • Oct 7, 2019 2:10pm Oct 7, 2019 2:10pm
Quoting detector
{quote} Sorry I made a hash of my EUR/USD prediction, seems I got mixed up with my 200 & 100 Ma's, anyhow, short now opened 1.09772 D
Added again same level, D
EDIT
first target 1.09444
If it goes next target 1.08980 may move to BE (break even) and hold
I don't need to be good at the game, only good enough to beat my opponent,
  • #163
  • Oct 7, 2019 2:32pm Oct 7, 2019 2:32pm
Managed to catch a few nice trades today.
EUR USD Short
CAD JPY Long
USD JPY Long
Attached Image(s) (click to enlarge)
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I am but a small fish in a large pond
  • #164
  • Oct 7, 2019 2:51pm Oct 7, 2019 2:51pm
Quoting DCstar84
Managed to catch a few nice trades today. EUR USD Short CAD JPY Long USD JPY Long {image} {image} {image}
Excellent DC, nice snatch and grabD
I don't need to be good at the game, only good enough to beat my opponent,
  • #165
  • Oct 7, 2019 4:16pm Oct 7, 2019 4:16pm
Quoting detector
{quote} Added again same level, D EDIT first target 1.09444 If it goes next target 1.08980 may move to BE (break even) and hold
Closed short with a few sheckles, nothing major just think it may rise everso from here before any fall.
Due to other commitments I will be away for a while so will not be posting, I will however be mobile so can look in but no trading, hope the fires can keep burning with some great analysis until I return, so in the meantime, don't talk it, trade it, till then good chess all see you soon, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #166
  • Oct 7, 2019 5:05pm Oct 7, 2019 5:05pm
Quoting detector
{quote} Closed short with a few sheckles, nothing major just think it may rise everso from here before any fall. Due to other commitments I will be away for a while so will not be posting, I will however be mobile so can look in but no trading, hope the fires can keep burning with some great analysis until I return, so in the meantime, don't talk it, trade it, till then good chess all see you soon, D
Amen and safe travels chief!

Thank you for the fine analysis to this point! It's really cool and informative to see how everyone looks for and flows, to where the money and opportunity lie!

I'm learning quite a lot! I for one will personally miss you! Hurry back! (but be safe!)
  • #167
  • Oct 7, 2019 5:23pm Oct 7, 2019 5:23pm
Dow YM Dec contract, D1
Attached Image (click to enlarge)
Click to Enlarge Name: djia_d1_20191007.png Size: 86 KB


Gold GC Dec contract, H4
Attached Image (click to enlarge)
Click to Enlarge Name: gc_h4_20191007.png Size: 64 KB
  • #168
  • Oct 7, 2019 5:39pm Oct 7, 2019 5:39pm
Quoting C8H18
{quote} Amen and safe travels chief! Thank you for the fine analysis to this point! It's really cool and informative to see how everyone looks for and flows, to where the money and opportunity lie! I'm learning quite a lot! I for one will personally miss you! Hurry back! (but be safe!)
C8, very kind words, thank you, it's a little bit unfortunate after setting up the thread, I'm hoping a caretaker may take the lead, it would be wrong for me to ask anyone, people are busy and I do understand, however, the thread belongs to the posters, with no pressure, can continue if the wish and hope the do, my work takes me away and many times, short notice is the order of the day, I will be on my mobile but not near my system so no trading, see you all soon Guys & Gals, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #169
  • Oct 7, 2019 5:42pm Oct 7, 2019 5:42pm
Just a couple of quick reminders here:

1. The intrinsic value of fiat money is zero.

2. The intrinsic value of debt, government or private, that cannot be repaid is zero.

EDIT
You might be tested on this in the near future, so be ready.
  • #170
  • Oct 7, 2019 5:44pm Oct 7, 2019 5:44pm
Quoting detector
{quote} C8, very kind words, thank you, it's a little bit unfortunate after setting up the thread, I'm hoping a caretaker may take the lead, it would be wrong for me to ask anyone, people are busy and I do understand, however, the thread belongs to the posters, with no pressure, can continue if the wish and hope the do, my work takes me away and many times, short notice is the order of the day, I will be on my mobile but not near my system so no trading, see you all soon Guys & Gals, D
This thread has momentum and good people supporting it.
  • #171
  • Oct 7, 2019 6:05pm Oct 7, 2019 6:05pm
Quoting timingchain
{quote} This thread has momentum and good people supporting it.
Ditto TC, since meeting you all my confidence has grown in trading, it has certainly been more enjoyable than being "on my own" without ever knowing it, you all probably don't know how you've helped, even if I never traded again, God bless, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #172
  • Oct 7, 2019 11:16pm Oct 7, 2019 11:16pm
Since the Iran strikes on Saudi oil fields, crude in my opinion has gotten to the point where it's a little oversold. We've got to at least see a dead cat bounce after the price dropped over $10. I opened a long position at just above the $53 handle and hope to ride it up to $54, possibly $54.50.
Attached Image (click to enlarge)
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I realize this position will likely be at the mercy of headlines out of US-China trade talks or possibly inventory data. With API and EIA inventory data coming up, I may take profits ahead, if I have any.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #173
  • Oct 8, 2019 12:09pm Oct 8, 2019 12:09pm
Inserted Video
persistence and determination alone are omnipotent
  • #174
  • Oct 8, 2019 3:29pm Oct 8, 2019 3:29pm
Quoting Ll1979
https://youtu.be/ADV0CoIBA1Y
Excellent video Li, thanks for posting and keeping the home fires burning, I hear you are poorly Li, hope all is ok and wish you a speedy recovery, I have opened a long on bit coin, my prediction is out the window for getting in lower, I opened at 8223.70 I'm away from home and forgot my glasses, absolute nightmare trying to read the thread, GGRRR !!! speak soon D
I don't need to be good at the game, only good enough to beat my opponent,
  • #175
  • Oct 8, 2019 4:27pm Oct 8, 2019 4:27pm
Dow YM Dec contract, D1
Attached Image (click to enlarge)
Click to Enlarge Name: djia_d1_20191008.png Size: 86 KB


Gold GC Dec contract, H4
Attached Image (click to enlarge)
Click to Enlarge Name: gc_h4_20191008.png Size: 63 KB
  • #176
  • Oct 8, 2019 6:53pm Oct 8, 2019 6:53pm
Quoting EventsTrader
Since the Iran strikes on Saudi oil fields, crude in my opinion has gotten to the point where it's a little oversold. We've got to at least see a dead cat bounce after the price dropped over $10. I opened a long position at just above the $53 handle and hope to ride it up to $54, possibly $54.50. {image} I realize this position will likely be at the mercy of headlines out of US-China trade talks or possibly inventory data. With API and EIA inventory data coming up, I may take profits ahead, if I have any.
I got stopped out of my crude long position. I had a tight stop, but not as tight as it probably should have been considering the break of $53, should have triggered a higher stop loss. But hindsight is 50/50 and tomorrow is another day.

My thinking is that it was so over extended that any further declines would be limited. I still think there's some upside potential but lesson learned on trying to time it.

I do not think the US and China are coming to any agreements anytime soon either, which is an additional argument to stop looking for long entries here. I'm going to stay on the sidelines now, especially with the EIA inventory data due up in the morning. I'm posting a preview in the High Impact Events Trading... Energy Edition thread. All are welcome to chime in or say hello any time over there. The preview should be posted within the next couple of hours.

Good luck wrangling these markets guys. It's been a roller coaster week so far.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #177
  • Oct 9, 2019 1:08am Oct 9, 2019 1:08am
Quoting Ll1979
{quote} I sometimes trade the EIA inventory numbers and they are tricky. To give you an example -> bad inventory numbers -> market rises next hour and after a hour takes the corse it should have taken.
I actually experienced something very close to this last time I traded inventories. I ended up closing my trade almost net flat but losing on execution costs.

Maybe I will sit this one out until I can perfect my attack plan. Personal things set me back this week and the data is not far from coming out.
  • #178
  • Oct 9, 2019 1:59am Oct 9, 2019 1:59am
Quoting helgastrxd
{quote} I actually experienced something very close to this last time I traded inventories. I ended up closing my trade almost net flat but losing on execution costs. Maybe I will sit this one out until I can perfect my attack plan. Personal things set me back this week and the data is not far from coming out.
Hope you are ok! If the inventory numbers stay that choppy don't gamble there are opportunities enough.
persistence and determination alone are omnipotent
  • #179
  • Oct 9, 2019 2:01am Oct 9, 2019 2:01am
Inserted Video

Inserted Video
persistence and determination alone are omnipotent
  • #180
  • Oct 9, 2019 3:41am Oct 9, 2019 3:41am
Morning, managed to catch GU long from the 618 fib retrace this morning.
Happy with the entry on it too, taken half off at first trouble area and moved stop to b.e to let the rest run
Attached Image(s) (click to enlarge)
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I am but a small fish in a large pond
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