what/who scared the Dow 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #94,782
- Jun 17, 2008 2:27pm Jun 17, 2008 2:27pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
what/who scared the Dow
Blogging daily now at www.volume.zone
- #94,783
- Jun 17, 2008 2:30pm Jun 17, 2008 2:30pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
I would like to say what the hell is dj30 doing at 12000 anyway ???? I think it should be under 10000 with all the stuff that is happening out there.....
- #94,785
- Jun 17, 2008 2:32pm Jun 17, 2008 2:32pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
yeah: bear market: technicals win over fundies
traded a couple contract YM (dj emini futures) short this morning .... closed just now.... nice down draft day
Blogging daily now at www.volume.zone
me short also since the morning. (would have liked to see 10,700- #94,787
- Jun 17, 2008 2:34pm Jun 17, 2008 2:34pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
i can't believe this is where i left it....
who woke me up???
back to sleep
who woke me up???
back to sleep
- #94,791
- Jun 17, 2008 2:43pm Jun 17, 2008 2:43pm
- | Commercial User | Joined Dec 2007 | 1,089 Posts
Thank You Malcolmb for the answer. I like this thread because we are sharing such a advices, which helping to all traders. Thanks a lot.
P. S. Sorry for not answering quicker, but I just went to the church..(in front of TV watching Italy and France..European Championship.. )
Italy is 1:0..because of more spaghetti they eat...
P. S. Sorry for not answering quicker, but I just went to the church..(in front of TV watching Italy and France..European Championship.. )
Italy is 1:0..because of more spaghetti they eat...rapid rsi ( available for mt4) , macd 12,26, 9 , and regualr rsi (14 setting)
also 10 , 20 and 50 sma
50 sma ennvelope with a .15% deviation ( a Keltner channel is the same)
I look for
1) rapid rsi crossing out of 30 or 70 on a 15 min
2) regualr rsi coming out of 30 or 70 on the 15 min ( this is the perfect storm)
3) then zoom in on 5m in and look for the same
then the trade is when the rapid rsi cross down thru 70 on a 5min , take low of candle - 15 pips. opposite for longs
easy as that
here is gbpcad 15 min and below 5 min. 15 min gave me rapid rsi sell trigger , compolete with an evening star right at top of ME envelope .. zoomed in on 5 min . saw rapid rsi sell trigger , bar low =- 1.9965 - 15 pips = 1.9950 entry .
I have closed trade for 40 pips profit.
I would rather do these kind of trades when I have time then wait days and days for a swing trade to work out and constantly worry about it.
currently i am flat .
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- #94,792
- Jun 17, 2008 2:49pm Jun 17, 2008 2:49pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
USDJPY is resilient, what is holding this bitch UP ???
- #94,795
- Jun 17, 2008 3:02pm Jun 17, 2008 3:02pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Thin air ..
- #94,796
- Jun 17, 2008 3:08pm Jun 17, 2008 3:08pm
- Joined Oct 2007 | Status: Trader | 5,510 Posts
Good trading all - see you 2morrow. . .
- #94,799
- Jun 17, 2008 4:27pm Jun 17, 2008 4:27pm
- | Joined Mar 2008 | Status: Sniper | 1,001 Posts
all quiet on the western front 
Money & Pain
Respect the market, protect your capital, be patient
