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Knowledge is Power

  • #741
  • Jul 17, 2008 6:05am Jul 17, 2008 6:05am
I Shorted A Position a few seconds ago near there and got out in a minute with a quick 6 PIPS ... The RSI is near 70 MACD is starting to Turn on One Minute Chart ! Coke Earnings caused the Jump !!!


Bruce
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  • #742
  • Jul 17, 2008 6:07am Jul 17, 2008 6:07am
If New Jobless Claims Jump Over 400,000 K The Dow Futures REVERSE in a second. Not saying it will happen but be aware in case it does. Building Permits and Hosing Starts also

New High Watch Stops !
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  • #743
  • Jul 17, 2008 6:10am Jul 17, 2008 6:10am
By Scaling In Positions in blocks of 100K you are trading your Trade Plan but not putting on ALL the Risk at once. It always gets overdone and as long as the Trend has not changed due to Fundamentals then there is only opportunity !

Any comments ?


Bruce
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  • #744
  • Jul 17, 2008 6:12am Jul 17, 2008 6:12am
I put stop at 105.77 . 10 Pips above Fib Level .
  • #745
  • Jul 17, 2008 6:22am Jul 17, 2008 6:22am
Quoting Warren Forex
I Shorted A Position a few seconds ago near there and got out in a minute with a quick 6 PIPS ... The RSI is near 70 MACD is starting to Turn on One Minute Chart ! Coke Earnings caused the Jump !!!


Bruce
Hi, warren i'm new to your tread.. can u tell me how u trace the coke earnings
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #746
  • Jul 17, 2008 6:23am Jul 17, 2008 6:23am
This To Set Our Benchmarks !!!

Dow Futures Up 94 Oil Down $1.51 Gold Down $6.20

2 Year US Bonds At 2.45% Yield 10 Year US Bond at 3.96% The Spread is now at 151 Basis Points !

The Bonds are being sold along with Gold and Oil and money flowing into cash and Dow Futures so US Dollar Index getting Stronger !!!

EUR/JPY carrying USD/JPY Higher as Carry Trade There back on. EUR/JPY Low was 165.99 and Now at 167.33 near High of 167.44

That is important Fact to keep in mind.

New High for USD/JPY is now 105.71 Look at One Minute Charts... As well look at Five Minute Charts.

One Hour and 9 Minutes to New Data ... Dow Futures Up now 103

Trading Is Light ! Main Traders come in at 7:30 AM and 8:00 AM

Dow has tendency to start strong and back off in AM.

Data will be important between 8:30 AM and 10:00 AM

New High Look For Good Point To Enter Probably Over Done Now...


Bruce


Bruce
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  • #747
  • Jul 17, 2008 6:25am Jul 17, 2008 6:25am
Quoting sivaji
Hi, warren i'm new to your tread.. can u tell me how u trace the coke earnings
I just saw the numbers on CNBC I Trade Forex !!!

Regards and Welcome


Bruce
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  • #748
  • Edited 6:29am Jul 17, 2008 6:28am | Edited 6:29am
Quoting Warren Forex
http://www.actionforex.com/technical...-200603205734/


Bruce

Pivot Points !!! Next Resistance at 105.86 We Hit 105.77 On FX Solutions Platform !!!


Bruce
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  • #749
  • Edited 6:33am Jul 17, 2008 6:32am | Edited 6:33am
Quoting Warren Forex
http://quotes.ino.com/chart/?s=NYBOT_DX


Bruce
One Hour To Data ... Look at US Dollar Index In Last Two Hours !!!

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s


Bruce
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  • #750
  • Jul 17, 2008 6:37am Jul 17, 2008 6:37am
That way you scale in your purchases and keep your risk lower and as things reverse you can take profits as you get into the money. Of course the Trend needs to go in your favor but you get better entry as it goes opposite way short term on mainly NOISE but no Fundamental changes !!!

Dow Futures Up 112

Please post questions or comments or observations for US to discuss !!!


Bruce
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  • #751
  • Jul 17, 2008 6:45am Jul 17, 2008 6:45am
could you go over the scaling in bit and out with slight more detail, if it's a bad time i could wait ...

i would like to know how yopu aproach it with your method
  • #752
  • Jul 17, 2008 6:48am Jul 17, 2008 6:48am
Quoting Warren Forex
That way you scale in your purchases and keep your risk lower and as things reverse you can take profits as you get into the money. Of course the Trend needs to go in your favor but you get better entry as it goes opposite way short term on mainly NOISE but no Fundamental changes !!!

Dow Futures Up 112

Please post questions or comments or observations for US to discuss !!!


Bruce
Hi Bruce,
Maybe this is a stupid question but when I look at Dow Futures at CNBC it shows its up only 4 at this moment . ??

Change =4
  • #753
  • Jul 17, 2008 6:59am Jul 17, 2008 6:59am
Quoting Yonipaliyo
could you go over the scaling in bit and out with slight more detail, if it's a bad time i could wait ...

i would like to know how yopu aproach it with your method
We NEVER use more than 25% of our Capital but most of the time We stop at 20% of the $50,000 US Dollars. That means not using more than $10,000 US Dollars of $50,000 US Dollars.

We do not want to lose more than 5% of our capital on any ONE Trade Plan. A Trade Plan this AM is Trading USD/JPY to go down.

It went UP but I still made Money this AM !

How ?

As It Went Up BUT NOT over the FIB of 105.77 as Tarquin pointed that Number Out ! I shorted it as it rose every 10 PIPS using only $1000 of my TOTAL CAPITAL.

If We Had A Loss of 25 PIPS on $1000 that is a Loss Of $250 on capital of $50,000 US Dollars or 1/2 % so as it gets to the Top at 105.77, I was shorting on the way up. I had more than one position of 100K

I have since closed those positions as it dropped to 105.55 or so !

Is this clear to understand ?


Bruce
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  • #754
  • Jul 17, 2008 7:02am Jul 17, 2008 7:02am
Quoting Tarquin
Hi Bruce,
Maybe this is a stupid question but when I look at Dow Futures at CNBC it shows its up only 4 at this moment . ??

Change =4
Watching CNBC Live on My Satellite Dish and it shows UP 93 at the moment !!!

Europe ALL Up Big Time !!!

Oil down only $1.10 now...


Bruce
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  • #755
  • Jul 17, 2008 7:11am Jul 17, 2008 7:11am
1% a Day is 30% a Month or a bit less if you remove Saturdays and part of Sundays !!!

So on $122,000 US I need about $1250.00 US Today. So far this morning I have done 10 winning trades and made about $600 US Dollars and the day has yet to start.

With a Reversal I could make 2% today as I do have positions that are still open at 105.49 and 105.41 and 105.36 !

Any Questions ? Any Comments ? Any Observations ?

How is everyone doing ?

Feedback is important !

Thanks

News in 20 Minutes ! New Jobless Claims
(4Cast calls it at 400K and Consensus is at 384 or so)


Bruce
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  • #756
  • Jul 17, 2008 7:14am Jul 17, 2008 7:14am
Strategy:[email protected] The recovery from yesterday"s near test of the major 50% retracement and then Cloud bottom at 103.70 has reached 105.75, the 50% of the 107.75/103.80 drop that preceded it. The Cloud top at 65 has been breached in the event. Dailies are trying to turn up in neutral territory but action is corrective until 106.30 high from Jul 15 is closed past.

(RD) 11:56 GMT
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  • #757
  • Jul 17, 2008 7:21am Jul 17, 2008 7:21am
I am new to forex, still learning with people here. Right now i have a sell position at 105.180 and 104.094(too far)...
Parabolic SAR says still buy signal on hourly chart.
We will have news in 10 min from USA, hoping it will send dollar down.
  • #758
  • Jul 17, 2008 7:23am Jul 17, 2008 7:23am
Certain Big Players Have FUN between 6:00 AM and 8:30 AM since the Main Players have not started trading in Chicago. So things usually get balanced after 8:30 AM just like is happening now !

USD/JPY at 105.55 Bid

News in 10 Minutes ... Not calling It BUT 400K will Spook the markets and 350K will send USD/JPY back up as Dow Futures Go Up !

Important Housing Data Due Out !!! The NAHB was 16 VS all time Low of 18 yesterday.

USD/JPY now Bid 105.50

Are we having FUN ?

Are We making Money ?

Are we learning ?


Bruce
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  • #759
  • Jul 17, 2008 7:27am Jul 17, 2008 7:27am
Quoting connected191
I am new to forex, still learning with people here. Right now i have a sell position at 105.180 and 104.094(too far)...
Parabolic SAR says still buy signal on hourly chart.
We will have news in 10 min from USA, hoping it will send dollar down.
I need to use the One Minute and Five Minute Charts using BB, EMA, SAR, MACD, RSI and CCI

Dow Futures Now Up Only 75 and Oil almost Flat from Down $1.51 earlier. Look at my benchmarks posted earlier this AM !!!


Bruce
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  • #760
  • Jul 17, 2008 7:32am Jul 17, 2008 7:32am
12:27 USD/JPY: Drops on News Kuwait to Drop U.S. Agency Investment San Francisco, July 17. USD/JPY was bid this morning on the US stock futures gains, up 86 pts and aided by good results from JP Morgan, with a move to 105.75 highs. However, gains have been quickly capped by the news from the Kuwait Investment Agency that it will not invest in the future in Fannie and Freddie agency debt. It is considering boosting Asian investment in China, India and Japan, helping to foster JPY gains.


USD/JPY offers remain at 106.00 and 106.15 with buyers now eyed on dips to 105.00/10. Numerous option strikes ranging from 105.20 to 106.15 are seen this morning. [email protected]
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