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  • #101
  • May 16, 2008 12:48am May 16, 2008 12:48am
Quoting BillyRayValentine
Lets just make it official so we can keep track of this stuff. First entry at the lower level, and a push higher at the .95 range. That is if it goes past the 3rd tier of resistance to begin with.
haha, let's see. So go long first and then turn around and short?
Expected the unexpected
  • #102
  • May 16, 2008 12:51am May 16, 2008 12:51am
Quoting scyang
Any change this puppy might go higher yet before it starts to fall?
Anything can happen (rule #1 trading this stuff).....The purpose of the thread to post trades that are the most reliable, wanting to avoid jumping in on anything else. I'll try to post these as they see, sometimes regurgitating other member's posts, in order to track them and pull everything together.
  • #103
  • Edited 1:31am May 16, 2008 12:53am | Edited 1:31am
Quoting scyang
haha, let's see. So go long first and then turn around and short?

Nope, please see previous post. Thanks
  • #104
  • May 16, 2008 1:52am May 16, 2008 1:52am
Quoting BillyRayValentine
I used to work for a bank, btw, please be careful what you read!
So what was your biggest takeaway from that experience?
Energy and persistence conquer all things! Ben Franklin
  • #105
  • May 16, 2008 1:56am May 16, 2008 1:56am
Quoting Iron-man
So what was your biggest takeaway from that experience?
Yes please share what's behind the scene about what banks say. How much truth do they tell and what do they hide?
Expected the unexpected
  • #106
  • May 16, 2008 1:58am May 16, 2008 1:58am
Quoting scyang
Yes please share what's behind the scene about what banks say. How much truth do they tell and what do they hide?
or Jim Morrison?
Energy and persistence conquer all things! Ben Franklin
  • #107
  • May 16, 2008 2:10am May 16, 2008 2:10am
Buy UJ on a bounce in the 104.00 area. Sell the Aussie. We expect the Aussie to bounce alittle higher (maybe .95 at best before a good run down) Usd/Chf to go down from a rejection of 1.0600 area. Or have these pairs exhausted their upward potential?
Energy and persistence conquer all things! Ben Franklin
  • #108
  • May 16, 2008 2:12am May 16, 2008 2:12am
Quoting Iron-man
or Jim Morrison?
Not a whole lot to say. I just used to read a lot of the sell side research from competitors and it barely ever worked out.


JPY might be setting up soon and AUD might still get up there today
  • #109
  • May 16, 2008 2:21am May 16, 2008 2:21am
This guy says he averages 250 trades in a 6 and 1/2 hour session. Can you say scalper?


Inserted Video
Energy and persistence conquer all things! Ben Franklin
  • #110
  • May 16, 2008 2:59am May 16, 2008 2:59am
Quoting Iron-man
Buy UJ on a bounce in the 104.00 area. Sell the Aussie. We expect the Aussie to bounce alittle higher (maybe .95 at best before a good run down) Usd/Chf to go down from a rejection of 1.0600 area. Or have these pairs exhausted their upward potential?

Yeah I have a limit on JPY at 104.04 and AUD at .9472 and another at .9488. I set them a little lower because I dont want to miss anything. The way AUD is acting now I hope I didnt already miss it.

CHF might be up for some scalp buys if it goes lower.

BTW your EURCHF trade is at +40 right now. I decided to take it.
  • #111
  • May 16, 2008 3:13am May 16, 2008 3:13am
Quoting BillyRayValentine

BTW your EURCHF trade is at +40 right now. I decided to take it.
Glad you got on board. To get the good moves you have to wait out the consolidation. Which means you have to have confidence in your analysis. That's why support and resistance are soooo important! I only say that for the benefit of any newbies that may be reading.


Thanks again for your insights!
Energy and persistence conquer all things! Ben Franklin
  • #112
  • May 16, 2008 3:17am May 16, 2008 3:17am
Quoting Iron-man
Glad you got on board. To get the good moves you have to wait out the consolidation. Which means you have to have confidence in your analysis. That's why support and resistance are soooo important! I only say that for the benefit of any newbies that may be reading.


Thanks again for your insights!

"To get the good moves you have to wait out the consolidation"

yeah you're right about that. they might drift for a day before they snap. othertimes, they just snap
  • #113
  • May 16, 2008 3:38am May 16, 2008 3:38am
Guys, thanks. Im a relative noob and its helpful to see how you scalp off the S/R areas.
  • #114
  • May 16, 2008 3:54am May 16, 2008 3:54am
Hi Guys, Thought I would join in, short Aussie at .9463 looks like a shooting star forming close to resistance at .9478 but I could be wrong?

Paj
Attached Image (click to enlarge)
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  • #115
  • May 16, 2008 4:01am May 16, 2008 4:01am
Quoting Paj
Hi Guys, Thought I would join in, short Aussie at .9463 looks like a shooting star forming close to resistance at .9478 but I could be wrong?

Paj
Already there post #99
  • #116
  • May 16, 2008 4:31am May 16, 2008 4:31am
Hey BRuV,

Regarding the Kiwi....I reckon it's gonna go up a bit more, the daily and weekly pin (latter not completed yet) that are shaping up indicate some upward movement to me. At least to the .7727 level as this is the .50 fib ret level from the last wave down, though it could possibly even go up higher to the .7879 level, also a .50 fib level only on the weekly TF.

Any thoughts on that?
Be like a post stamp! Stick to it until you get there!
  • #117
  • May 16, 2008 5:13am May 16, 2008 5:13am
Quoting Mary Pippins
Hey BRuV,

Regarding the Kiwi....I reckon it's gonna go up a bit more, the daily and weekly pin (latter not completed yet) that are shaping up indicate some upward movement to me. At least to the .7727 level as this is the .50 fib ret level from the last wave down, though it could possibly even go up higher to the .7879 level, also a .50 fib level only on the weekly TF.

Any thoughts on that?

read all about it in post 74
Energy and persistence conquer all things! Ben Franklin
  • #118
  • Edited 5:45am May 16, 2008 5:31am | Edited 5:45am
Quoting BillyRayValentine
Lets just make it official so we can keep track of this stuff. First entry at the lower level, and a push higher at the .95 range. That is if it goes past the 3rd tier of resistance to begin with.
I'm up +28 pips on this so far and it seems to be moving down nicely, not to say that can't change. If it can close below that crappy diagonal trendline the push might last for a while, so we'll see. It hasn't taken a breath all day.

I doubt we're seeing JPY today. It hit 104.15 pretty hard and raced back up. Maybe come Monday, or a chance to short again around 105.45.

CAD might have another chance at .9986 but I dont think I would stay long on that one for a while; it might break, so probably just a quick scalp.
  • #119
  • May 16, 2008 5:35am May 16, 2008 5:35am
What would be your target for this pair going short? Do you guys think it will touch 7535 again today after going up?
  • #120
  • May 16, 2008 5:38am May 16, 2008 5:38am
Quoting ver.xontm
What would be your target for this pair going short? Do you guys think it will touch 7535 again today after going up?

Depends on how high it goes. Maybe all the way back down to .7615, but I would still chance holding some of the trade because NZD is going to want to keep on taking its nosedive, so its worth the shot.

For today it might have to fight off some resistance around .7700 before it goes anywhere, but .30 to .50 would be the safer sell.
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