BAM BAM BOOM! -bravado
- #482
- Jul 10, 2007 9:06am Jul 10, 2007 9:06am
- | Joined Aug 2006 | Status: BORED trader | 2,388 Posts
I got news for YOU, I'm short UJ and GJ and I'm gonna use the same smiley
upside. down.
you didn't think i exited my longs @ 123.50 without a reason did you.
i don't know what method you were using, but good trade.
indeed.
BAM BAM BOOM! -bravado
- #487
- Jul 10, 2007 11:37am Jul 10, 2007 11:37am
- | Joined Aug 2006 | Status: BORED trader | 2,388 Posts
BAM BAM BOOM! -bravado
- #488
- Jul 10, 2007 12:16pm Jul 10, 2007 12:16pm
Thanks for this info, I rarely watch the asian numbers.
All the ducks lined up nicely last night for a short at 123.35 - and rode it all the way down this morning. Only thing is, I got nervous and closed it out at 122.43 instead of waiting for my target of 122.00, which it did hit !! Doh!!
must........not........click.......close......trade.....button......arrrrgghh
Anyway, many thanks, this is about the 4th system from the factory that I've tried so far. It is a great way for me to learn. I'm looking to go back in long once the noise at the bottom subsides and its ready to move...although I did notice that the weekly trend seems bearish for now.
Oh, and I get my tea from adagio.com
Disregard all prognostications.
- #490
- Jul 10, 2007 3:56pm Jul 10, 2007 3:56pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
That daily trendline we were trading is gone with the tornado. As the dollar weakness tends to accelarate faster as lower it goes, we may be facing the start of a major correction in UJ.
BOJ rate statement to weight in that too, in such a way I can only say one thing: I'm lost.
BOJ rate statement to weight in that too, in such a way I can only say one thing: I'm lost.
This is getting ugly... so much bullish sentiment can get instantly reversed with statements like-
"July 10 (Bloomberg) -- Standard & Poor's said it may cut the credit ratings on $12 billion of bonds backed by subprime mortgages, prompting investors to dump the securities. S&P is preparing to lower the ratings on 2.1 percent of the $565.3 billion of subprime bonds issued from late 2005 through 2006 because the housing slump is worse than the company anticipated. The announcement sent U.S. government bonds higher, the dollar lower and caused shares of financial companies to drop."
This is what hit us today, the S&P down 20 points and nothing but fear now. Don't know "when" this cut will happen but when it does it should continue down much further correct? I would have liked to see this thing hit 125 but now i just don't think it's going to happen. Housing is a mess... dam those lenders from southern california...
"July 10 (Bloomberg) -- Standard & Poor's said it may cut the credit ratings on $12 billion of bonds backed by subprime mortgages, prompting investors to dump the securities. S&P is preparing to lower the ratings on 2.1 percent of the $565.3 billion of subprime bonds issued from late 2005 through 2006 because the housing slump is worse than the company anticipated. The announcement sent U.S. government bonds higher, the dollar lower and caused shares of financial companies to drop."
This is what hit us today, the S&P down 20 points and nothing but fear now. Don't know "when" this cut will happen but when it does it should continue down much further correct? I would have liked to see this thing hit 125 but now i just don't think it's going to happen. Housing is a mess... dam those lenders from southern california...
"Only when the tide goes out will we know who is swimming naked."
- #494
- Jul 10, 2007 4:43pm Jul 10, 2007 4:43pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #495
- Jul 10, 2007 4:44pm Jul 10, 2007 4:44pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #496
- Jul 10, 2007 4:45pm Jul 10, 2007 4:45pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
UJ is already 200 pips down showing nothing but the will to sink further...
Just banked 30 pips going UJ short - something really rare on my side, specially at this time...
@your avatarBTW I look for 119, I'm going to wait for the inevitable retrace, and load the short truck.
Patience + Humility + Study = Success
- #497
- Edited 5:00pm Jul 10, 2007 4:46pm | Edited 5:00pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Thank YOU Plutonite - This is the first trade I've tried using your Trading manual ! Although Im just demo trading for now.
All the ducks lined up nicely last night for a short at 123.35 - and rode it all the way down this morning. Only thing is, I got nervous and closed it out at 122.43 instead of waiting for my target of 122.00, which it did hit !! Doh!!
must........not........click.......close......trade.....button......arrrrgghh
Anyway, many thanks, this is about the 4th system from the factory that I've tried so far. It is a great way for me to learn. I'm looking to go back in long once the noise at the bottom subsides and its ready to move...although I did notice that the weekly trend seems bearish for now.
Oh, and I get my tea from adagio.com
. Wish I had kept my USDCHF position open but was getting impatient 
Also, prepare to go long pending the next H4 bar. Either solid price action will ensue as people buy the dip, or we have a major change in winds and we ride further down to unknown levels.
Good luck.
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea