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  • #1,661
  • Jan 4, 2008 9:41am Jan 4, 2008 9:41am
Quoting Ash
Thanks for the heads up, I'll add it to my list of currencies to watch. Had anyone been watching and taken GBP/CHF on 12/27, they would have over a 1000 pips. I am currently up by 1022 pips in just GBP/CHF alone, never mind my other positions.
Nope but I'm GBP/NZD, fyi I think the GBP/CHF's at a reversal point. Fundamentally speaking that is.
Patience + Humility + Study = Success
  • #1,662
  • Jan 4, 2008 9:42am Jan 4, 2008 9:42am
That was a CAD/CHF chart, daily timeframe.

Since USD/CAD trades close to parity it is natural that it looks similar

EDIT: Actually I'm keeping it cause I'm hoping this is a H&S with neckline at 1.11 which should project to somewhere around 1.07
  • #1,663
  • Jan 4, 2008 9:47am Jan 4, 2008 9:47am
Quoting DutchTrader
Nope but I'm GBP/NZD, fyi I think the GBP/CHF's at a reversal point. Fundamentally speaking that is.
Could be but I see more downward movement on Cable. My target is 1.7637. After all this mess clears up, hopefully once the BOE announces what they're going to do, I will analyze all of my charts and see any directional changes in the Daily.
Humble Lifetime Member
  • #1,664
  • Jan 4, 2008 9:48am Jan 4, 2008 9:48am
Quoting branco
That was a CAD/CHF chart, daily timeframe.

Since USD/CAD trades close to parity it is natural that it looks similar

EDIT: Actually I'm keeping it cause I'm hoping this is a H&S with neckline at 1.11 which should project to somewhere around 1.07
Not crazy... Could even reach 1.07 without forming the H&S.

On CAD, it's wierd that it didn't follow oil recently next to the $100/barrel.

Seen comments another time that Cad tends to catch up with oil with some delay. Just keep an eye on USDCAD compared to oil not to get caught in case CAD decides to surge.
  • #1,665
  • Jan 4, 2008 9:49am Jan 4, 2008 9:49am
man...u guys should also check out GBP/AUD.....this baby...runs riot everyday
..avg's 300 pips a day...even on a bad day
  • #1,666
  • Jan 4, 2008 9:54am Jan 4, 2008 9:54am
Quoting Big Bruv
man...u guys should also check out GBP/AUD.....this baby...runs riot everyday
..avg's 300 pips a day...even on a bad day
I admire you guys handling those crosses. i can't handle it. Not discretionary.

Do you have some sort of system to trade it ? Same for your GBPCHF branco?
  • #1,667
  • Jan 4, 2008 9:55am Jan 4, 2008 9:55am
Quoting Big Bruv
man...u guys should also check out GBP/AUD.....this baby...runs riot everyday
..avg's 300 pips a day...even on a bad day
Ha! funny I mentioned to my man Ash that I thought that baby was looking ripe. FWIW I think that there's a short opportunity on the GBP/AUD for those late nancies.
Patience + Humility + Study = Success
  • #1,668
  • Jan 4, 2008 9:56am Jan 4, 2008 9:56am
Quoting Big Bruv
man...u guys should also check out GBP/AUD.....this baby...runs riot everyday
..avg's 300 pips a day...even on a bad day
I've been watching and stalking it. Waiting for a good entry point or a reversal. Thanks for the head up!
Humble Lifetime Member
  • #1,669
  • Jan 4, 2008 10:02am Jan 4, 2008 10:02am
Stock market review & reason whys
Top Percentage Gainers

KO
Coca-Cola Co 0.9% -> too many people on vacation yet

PG
Procter & Gamble Co 0.4% -> washing powder needed by the Dow long holders

Top Percentage Losers
INTC
Intel Corp 6.0% -> who needs computer after an account blowup?

HD
Home Depot Inc 3.3% -> who can afford a house after an account blowup?

GM
General Motors Corp 3.2% -> buy car to drive you to your job? What job??? LOLLL
  • #1,670
  • Jan 4, 2008 10:06am Jan 4, 2008 10:06am
Quoting cesarnc
I admire you guys handling those crosses. i can't handle it. Not discretionary.

Do you have some sort of system to trade it ? Same for your GBPCHF branco?
Hey Cesar, I just use a 5 EMA close and 8 EMA close along with some additional indicators to let me know the trend has changed on the daily and also it is not consolidating. I usually take a position on the 5 EMA and let it run.

I use:

Auslanco's QQE (version 5)
Gann Hi/LO
Multi Momentum
EMA Alert (when they cross)

The indicators are only to confirm that the trend has changed and it is not consolidating. If the pair is, I stay away until I see a clear break. I will be loading BWR's EMA/SMA's this weekend and incorporating them into my system.

I also don't use no more 0.5% of my account on a single trade. The reason being is that if multiple currencies trends change, I want to get in on the action but never more than 5% of my total account value.

Trades give me from 300 to over a 1000 pips. The longest one that I have is geppy with over 2600 pips and the lowest so far is 111 pips.

No losses so far. Thank God and never get greedy. Just trade what I see!

Hope that helps.
Humble Lifetime Member
  • #1,671
  • Jan 4, 2008 10:10am Jan 4, 2008 10:10am
I don't trade GBP/CHF ... CAD/CHF and EUR/JPY are the only crosses I trade (so far).

I basically use James16 price action with Fib levels... and I know I should be accumullating from the top to the bottom but I can't do it emotionally yet. I've started my short on 1.1384 and I've added on 1.1290 1.1240 1.1210 and now 1.1090 but I always get rid of those positions (kept only the first one since 1.1284 and this last one of 1.1090).

In my sleep i dream of what I would have made if I have let the others stay
  • #1,672
  • Jan 4, 2008 10:12am Jan 4, 2008 10:12am
I only use fibos, and EMAs. I can't deal with too many indicators. I'm also a swing high/low guy.
Patience + Humility + Study = Success
  • #1,673
  • Jan 4, 2008 10:16am Jan 4, 2008 10:16am
Quoting cesarnc
And with Paulson and on a "plan to avoid slowdown" and he (or they) will talk to the press later on...

This has all it takes to be a long Friday.
And with all this drama so far, we still have Kohn and Pres. Bush to give us a longer day....

HOLLA
  • #1,674
  • Jan 4, 2008 10:20am Jan 4, 2008 10:20am
Quoting Turtle
And with all this drama so far, we still have Kohn and Pres. Bush to give us a longer day....
You know at which time they speak?
  • #1,675
  • Jan 4, 2008 10:21am Jan 4, 2008 10:21am
Quoting cesarnc
Sooner or later bold calls like you love are hit. This was 1 chance in 1,000 to "told us so" and you blew it
been away...as long as i dont blow my accounts,...i dont care,..., ........according to this link,..http://en.wikipedia.org/wiki/Recesion
....i think the us economy is 7.5 years in recesion, but now its officially in depresion,., i would never live in US, pay for wars, listen to paranoya ...., and pay for my houses which prices are tumbling down hill with a speed of 1% per month , gain US dolars as my salary etc... no wonder someone has to visit someone in order for collapse to not be severe.... and that is happening right before elections, so that both parties can show fingers to others?!...is that what 18 k meant....oooo....i TOLD U ANWAY CESAR....
its just money
  • #1,676
  • Jan 4, 2008 10:23am Jan 4, 2008 10:23am
Dow Jones

I think the crying babies are gone for the week. Time for hunters to dig into the wreckage, aka bargains.
  • #1,677
  • Jan 4, 2008 10:24am Jan 4, 2008 10:24am
Quoting de123
i TOLD U ANWAY CESAR....
  • #1,678
  • Jan 4, 2008 10:33am Jan 4, 2008 10:33am
Quoting DutchTrader
I only use fibos, and EMAs. I can't deal with too many indicators. I'm also a swing high/low guy.
I'm with you. the only reason I use the indicators is confirm what I see and also to make sure the pair isn't consolidating. I say "the more power to you!"
Humble Lifetime Member
  • #1,679
  • Jan 4, 2008 10:45am Jan 4, 2008 10:45am
Hmm I thought we'd see a close above 1.48
Patience + Humility + Study = Success
  • #1,680
  • Jan 4, 2008 10:50am Jan 4, 2008 10:50am
Quoting DutchTrader
Hmm I thought we'd see a close above 1.48
Praise this strong resistance you should, my young Padawan. For when gone it is, a nice place your stoploss to put it will be.

http://edition.cnn.com/EVENTS/1997/s...ey/yoda.lg.jpg

Oh boy. I shouldn't be drinking yet.
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