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  • #1,641
  • Jul 24, 2008 4:25pm Jul 24, 2008 4:25pm
Quoting pbalfe@tisca
Hi,

Hope thats a demo trade as YEN said, it's bounced off its trend line and you would really wnat to see the candle close below the trend line PLUS 3 important news announcements tomorrow

Paul
Hi
I have taken the 2 trades @ 19868 on the grounds
1 it couldn't break the resistance @ 19970 ish
2 it closed below the 200sma.
3 MTF stochs pointing down

Funny how people see the charts differently
  • #1,642
  • Jul 24, 2008 4:25pm Jul 24, 2008 4:25pm
SS Trades

GBPUSD
sell: 1.9865
tp1: 1.9737, tp2: AO -> Green
sl: 2.0156
  • #1,643
  • Jul 24, 2008 4:28pm Jul 24, 2008 4:28pm
no new signals today.
  • #1,644
  • Jul 24, 2008 4:28pm Jul 24, 2008 4:28pm
Quoting blackdog
Hi
I have taken the 2 trades @ 19868 on the grounds
1 it couldn't break the resistance @ 19970 ish
2 it closed below the 200sma.
3 MTF stochs pointing down

Funny how people see the charts differently
Well, those are all valid points, and I hope you score some major pips. Then, you can buy me that beer that I wanted more than this trade. Deal?
Greetings from Guanajuato, Mexico
  • #1,645
  • Jul 24, 2008 4:29pm Jul 24, 2008 4:29pm
So if this candle were to close well below that trendline, would anyone consider taking the signal? Or is the stoch too close to 20?

Just trying to learn...........thanks

Larry
  • #1,646
  • Jul 24, 2008 4:36pm Jul 24, 2008 4:36pm
Quoting lmark
So if this candle were to close well below that trendline, would anyone consider taking the signal? Or is the stoch too close to 20?

Just trying to learn...........thanks

Larry
I probably still wouldn't have taken this trade personally, but the stoch being too close to 20 wouldn't have been the deciding factor. If a short trade such as this really gets moving, it can stay around or below 20 for days and still be a very profitable trade.

Since I live in Mexico, I'll use usd/mxn as an example if you have that on your charts. The stoch been below 20 for days, and yet price has continued to free fall, which means my U.S. dollars are buying less and less here every day.
Greetings from Guanajuato, Mexico
  • #1,647
  • Jul 24, 2008 4:41pm Jul 24, 2008 4:41pm
I guess the smart thing to do would be to wait for the buy signal and follow the trend instead of hope it will continue down against the trendline. I don't have usd/mxn on my platform but I see what your saying.
  • #1,648
  • Jul 24, 2008 4:42pm Jul 24, 2008 4:42pm
Quoting blackdog
Hi
I have taken the 2 trades @ 19868 on the grounds
1 it couldn't break the resistance @ 19970 ish
2 it closed below the 200sma.
3 MTF stochs pointing down

Funny how people see the charts differently
Hi,

 

  1. Check what has happened to this chart since 15 july when it has bounced around the 200 sma
  2. Because its been bouncing around the 200 sma IMO i would wait until the GB - GDP comea out tomorrow at 9.30 gmt, if thats good then GB will spike up, markets are spiking recently on good or bad news due to volatile traders
  3. Then the Core Durable goods & New home sales are dua at 1.30 & 3.30pm gmt, again USA volatile so could see spikes either way

I am not knocking your expertise or trade, i just think taht it being a friday tomorrow and 3 bits of news coming out its not worth trading
There will be plenty other days to trade

BUT if you are right come back to me tomorrow and i will buy you a beer also and publically apologise on this site

Paul

  • #1,649
  • Jul 24, 2008 4:45pm Jul 24, 2008 4:45pm
Quoting pbalfe@tisca
Hi,

  1. Check what has happened to this chart since 15 july when it has bounced around the 200 sma
  2. Because its been bouncing around the 200 sma IMO i would wait until the GB - GDP comea out tomorrow at 9.30 gmt, if thats good then GB will spike up, markets are spiking recently on good or bad news due to volatile traders
  3. Then the Core Durable goods & New home sales are dua at 1.30 & 3.30pm gmt, again USA volatile so could see spikes either way

I am not knocking your expertise or trade, i just think taht it being a friday tomorrow and 3 bits of news coming out its not worth trading
There will be plenty other days to trade

BUT if you are right come back to me tomorrow and i will buy you a beer also and publically apologise on this site

Paul

Paul, let's not even wait until the end of this trade . . . I'll buy you a beer if you buy me one, ok?
Greetings from Guanajuato, Mexico
  • #1,650
  • Jul 24, 2008 4:49pm Jul 24, 2008 4:49pm
Quoting yen44x
Paul, let's not even wait until the end of this trade . . . I'll buy you a beer if you buy me one, ok?
YEN,

That looks like the best trade this week to me - GIMME THE BEERS MAN

Paul
  • #1,651
  • Jul 24, 2008 5:37pm Jul 24, 2008 5:37pm
Quoting pbalfe@tisca
Hi,

  1. Check what has happened to this chart since 15 july when it has bounced around the 200 sma
  2. Because its been bouncing around the 200 sma IMO i would wait until the GB - GDP comea out tomorrow at 9.30 gmt, if thats good then GB will spike up, markets are spiking recently on good or bad news due to volatile traders
  3. Then the Core Durable goods & New home sales are dua at 1.30 & 3.30pm gmt, again USA volatile so could see spikes either way

I am not knocking your expertise or trade, i just think taht it being a friday tomorrow and 3 bits of news coming out its not worth trading
There will be plenty other days to trade

BUT if you are right come back to me tomorrow and i will buy you a beer also and publically apologise on this site

Paul

Hi pbalfe@tisca
I see this as all of us trying to learn together
Ash states that he does not pay much attention to news due to daily charts
if you look at a bigger picture (bring up about a year on the daily)
and you will see a 200sma curving down in decline there will be a spike on news but with the big S/L because this is a SS trade
we hope to ride it out.
just my thoughts
but keeping a lookout for a uk exporter to Mexico
  • #1,652
  • Jul 24, 2008 6:49pm Jul 24, 2008 6:49pm
If you'd like an update to the EA I wrote you can find it here along with revision notes.

AshFX Daily (EA - MTaboneWeb)
  • #1,653
  • Jul 24, 2008 7:19pm Jul 24, 2008 7:19pm
Quoting blackdog
but keeping a lookout for a uk exporter to Mexico
If you need the exporter just to deliver my beer after you collect your profits, DHL delivers straight from the UK to my door. I hate to be picky, but please have them keep it refrigerated . . . none of those warm suds you're famous for over there if you please.
Greetings from Guanajuato, Mexico
  • #1,654
  • Jul 25, 2008 12:10am Jul 25, 2008 12:10am
Quoting yen44x
If you need the exporter just to deliver my beer after you collect your profits, DHL delivers straight from the UK to my door. I hate to be picky, but please have them keep it refrigerated . . . none of those warm suds you're famous for over there if you please.
Lol, you guys crack me up.
  • #1,655
  • Jul 25, 2008 3:32am Jul 25, 2008 3:32am
Quoting yen44x
If you need the exporter just to deliver my beer after you collect your profits, DHL delivers straight from the UK to my door. I hate to be picky, but please have them keep it refrigerated . . . none of those warm suds you're famous for over there if you please.
I say old chap we have have some of the finest real ales in the world
complete with suds. Anyway I would just send back your own Cerveza
all they do with it here is stick a piece of lemon in the neck of the bottle
and charge you £3.50 hehehe.

GBP/USD still unable to break that trend line
  • #1,656
  • Jul 25, 2008 11:43am Jul 25, 2008 11:43am
USDCAD is still running +100 pips just now
  • #1,657
  • Edited 12:54pm Jul 25, 2008 11:54am | Edited 12:54pm
Quoting blackdog
I say old chap we have have some of the finest real ales in the world
complete with suds. Anyway I would just send back your own Cerveza
all they do with it here is stick a piece of lemon in the neck of the bottle
and charge you £3.50 hehehe.

GBP/USD still unable to break that trend line
The UK may indeed have some of the finest ales in the world, but the refrigerator was invented over 100 years ago! On a hot summer day, there's nothing like a COLD cerveza. On the other hand, I just watched the British Open (brrr!), so perhaps you don't have many hot summer days, eh?

Before you ship my cerveza back home, try it with a lime. Using a lemon must be another British custom. Once you try a lime, you'll be asking for more cervezas.

Now, finally, on to business. In regard to GBP/USD, take a look at the candles over the last several days. This pair has been alternating red and green candles since the 15th . . . just totally indecisive at this point.

One thing I did notice this morning, though, is the ascending channel . . . higher highs, higher lows. It will be interesting to see what happens when this pair finally makes up its mind.

In the meantime, blackdog, stick that cerveza in the fridge, run to the store and get a fresh lime, wait 3 hours, drink that cerveza COLD with the lime added and you'll be telling me in fluent Spanish . . . "mas cerveza, mi amigo, gracias."
Attached Image (click to enlarge)
Click to Enlarge Name: Ascending Channel.gif Size: 10 KB
Greetings from Guanajuato, Mexico
  • #1,658
  • Jul 25, 2008 12:00pm Jul 25, 2008 12:00pm
Quoting atfx
USDCAD is still running +100 pips just now
This has turned into a nice trade. I'm also just over 100 pips at this point.

USD/CAD just climbed to a trend line also today. I'll be curious to see if this pair can muscle past it before day's end or early next week. If so, we may be good for another 50 pips or so up to the next resistance area.
Attached Image (click to enlarge)
Click to Enlarge Name: usd-cad.gif Size: 13 KB
Greetings from Guanajuato, Mexico
  • #1,659
  • Jul 25, 2008 1:06pm Jul 25, 2008 1:06pm
You were spot on with your call for GBP/USD YEN44X - well done.

Hope you (and everyone else) has a great weekend and see you back here on Sunday!
James The Beekeeper
  • #1,660
  • Jul 25, 2008 1:12pm Jul 25, 2008 1:12pm
Quoting edeyj999
You were spot on with your call for GBP/USD YEN44X - well done.

Hope you (and everyone else) has a great weekend and see you back here on Sunday!
You know the old saying . . . "even a blind squirrel finds an acorn once in a while". I had a 50/50 chance of being right, and the coin came up heads. Lucky for me.

A good weekend to everyone and then get your coins out on Monday . . . there's trade decisions to be made.
Greetings from Guanajuato, Mexico
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