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  • #1,181
  • Aug 11, 2008 10:30am Aug 11, 2008 10:30am
I'm going through my charts and seeing nothing tradable yet other than the aud/nzd on the daily. It closed as a beovb, which is showing, for me, that this is a great time to sell this pair. I'll be shorting now, and again once I see 4 hour confirmation.
I dream, therefore I become.
  • #1,182
  • Aug 11, 2008 12:04pm Aug 11, 2008 12:04pm
Hey Mike, Happy 21st birthday. Hope you didn't get to crazy. Todays close on the ***/usd pairs could be some nice pinbars for a furhter fall. The usd seems to very strong yet. Good luck on your trades.
  • #1,183
  • Aug 11, 2008 3:46pm Aug 11, 2008 3:46pm
HA Ha I knew it,I was getting worried cause normally you let us know.
Man you missed that $ positive move I just watched cause I really had no idea how to trade it.
Glad your back.
Happy belated birthday Mike I can barley remember my 21st since I'm 39 ,lol


Quoting mike w
Hey Tone, you got it right man! I turned 21 on the 7th which was awesome so I went down to the beach for it. I'm not in any positions at the moment until I get back into the swing of things as I closed mine out right before I left.

I'm going to check out all the charts now and then post with my thoughts on it. Have a good one brother!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,184
  • Aug 11, 2008 4:25pm Aug 11, 2008 4:25pm
Hey Mike, happy belated birthday
  • #1,185
  • Aug 11, 2008 4:39pm Aug 11, 2008 4:39pm
Hey Mike

Long time no speak! Hope you had a great day

You're making this 40 year old feel it haha

Kind Regards
Steve
  • #1,186
  • Aug 12, 2008 9:38am Aug 12, 2008 9:38am
Hey, Thanks guys! I appreciate it!



Steve, I know man! How've you been? Hope everything's great over in your part of the world!

Tone, I think I would have done the same and just watched lol Not worth a trade there IMO.

Man, you guys are all old! jk jk
I dream, therefore I become.
  • #1,187
  • Aug 12, 2008 4:00pm Aug 12, 2008 4:00pm
Happy belated birthday Mike. I wish for you more success and many more happy birthdays.
Patience + Discipline - Greed = Success
  • #1,188
  • Aug 12, 2008 8:20pm Aug 12, 2008 8:20pm
Quoting mike w
Hey Tone, you got it right man! I turned 21 on the 7th which was awesome so I went down to the beach for it. I'm not in any positions at the moment until I get back into the swing of things as I closed mine out right before I left.

I'm going to check out all the charts now and then post with my thoughts on it. Have a good one brother!
Just thought I'd chime in Happy Birthday Mike. My wife's birthday was on the sixth. Take care!
  • #1,189
  • Aug 12, 2008 8:56pm Aug 12, 2008 8:56pm
Quoting mike w
Hey Tone, you got it right man! I turned 21 on the 7th which was awesome so I went down to the beach for it. I'm not in any positions at the moment until I get back into the swing of things as I closed mine out right before I left.

I'm going to check out all the charts now and then post with my thoughts on it. Have a good one brother!
Your Birthday is on the 7th too?!

Happy Belated!
  • #1,190
  • Aug 12, 2008 11:30pm Aug 12, 2008 11:30pm
happy birthday mike ... wish u all the best my bro
  • #1,191
  • Aug 13, 2008 5:19pm Aug 13, 2008 5:19pm
Hi Mike what do you think of this daily pin back into trend?
Could give a weekly pin.
Attached Image (click to enlarge)
Click to Enlarge Name: aud -usd.gif Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,192
  • Aug 13, 2008 5:23pm Aug 13, 2008 5:23pm
Really Mike your taking way to much time off
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,193
  • Aug 14, 2008 8:24am Aug 14, 2008 8:24am
Quoting Bones
Hi Mike what do you think of this daily pin back into trend?
Could give a weekly pin.
It looks good to me, and it already broke to the upside. I'm just waiting to see how the daily close ends up for today.

Thanks again everybody for the birthday wishes. Oh and zoopy, it must be a genius thing to be born on the 7th. happy belated birthday to you too, my man.

On another note, I still have the aud/nzd trades running and they are going good at the moment, just above 200 pips. I'll be closing them out though, depending on the aussie close of the day.
I dream, therefore I become.
  • #1,194
  • Aug 14, 2008 10:18am Aug 14, 2008 10:18am
Hey mike its intresting you never just took the break is that cause of the steep fall or are you watching pa on the 4 hr?
Or mybe you seeing something on the aud-nzd ?I dont have this pair.

Quoting mike w
It looks good to me, and it already broke to the upside. I'm just waiting to see how the daily close ends up for today.

Thanks again everybody for the birthday wishes. Oh and zoopy, it must be a genius thing to be born on the 7th. happy belated birthday to you too, my man.

On another note, I still have the aud/nzd trades running and they are going good at the moment, just above 200 pips. I'll be closing them out though, depending on the aussie close of the day.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,195
  • Aug 14, 2008 2:17pm Aug 14, 2008 2:17pm
Quoting Bones
Hey mike its intresting you never just took the break is that cause of the steep fall or are you watching pa on the 4 hr?
Or mybe you seeing something on the aud-nzd ?I dont have this pair.
Hey Tone, after a big fall like that I normally wait to see if there will be a confirmation bar after the pin.

Check out the eur/usd for instance. We had a pin bar 3 days ago, and we got the break of the pin to the upside too. The problem was, the next day closed bearishly and just took out the pin. That's why I normally wait until the close of the next day. It's a much safer return for your money to wait for it.

I hope that helped a little bit for you.
I dream, therefore I become.
  • #1,196
  • Aug 14, 2008 3:32pm Aug 14, 2008 3:32pm
Yes that has Mike I appreciate your help as always.


Quoting mike w
Hey Tone, after a big fall like that I normally wait to see if there will be a confirmation bar after the pin.

Check out the eur/usd for instance. We had a pin bar 3 days ago, and we got the break of the pin to the upside too. The problem was, the next day closed bearishly and just took out the pin. That's why I normally wait until the close of the next day. It's a much safer return for your money to wait for it.

I hope that helped a little bit for you.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,197
  • Aug 15, 2008 11:15am Aug 15, 2008 11:15am
Quoting Bones
Yes that has Mike I appreciate your help as always.
Sure thing man!


The Aud/nzd is closing pretty good for the week a solid 300 pips lower than the entry and I've set the stops now for profit. I'm assuming we'll be seeing a retracement soon however, so I'll be watching the 4 hour charts next week closely for an exit on the position.
I dream, therefore I become.
  • #1,198
  • Aug 15, 2008 12:20pm Aug 15, 2008 12:20pm
Great tip on waiting a bar to confirm the pin after a steep fall Mike. Thanks for that. I took a loss on EurUsd last week but feel better knowing that 'big' Mike(mbqb11) took it (I'm not sure how to differentiate the two of you...maybe you could fight it out for who gets to be big Mike and who gets to be little Mike..lol).

I'm in the AUDUSD pin already....would have waited if I'd seen your tip earlier.

And my NU long just triggered off the Bullish Outside Bar which is forming a nice weekly pin. That's looking god to me.

After such a huge dollar move it seems wise to wait for extra confirmation before trying to pick reversals or retracements....good steer bro.

Looking forward to hanging out here more.

Aaron
  • #1,199
  • Aug 15, 2008 5:13pm Aug 15, 2008 5:13pm
Hey Mike,

My daily closed at 1.8662, 150 pips off the spike low. Nothing is certain but I see this as a possibility in coming weeks.....

If we get a new low next week, I think it will continue downwards... but I think a retracement is due...I am already in this trade from 1.8520 with 50 pips locked in so I think I will let it ride....although I may close early.. Enjoy your weekend bro.... talk to you next week

Bless
Attached Image (click to enlarge)
Click to Enlarge Name: posgud.GIF Size: 24 KB
Patience + Discipline - Greed = Success
  • #1,200
  • Aug 17, 2008 8:57am Aug 17, 2008 8:57am
Quoting mike w
It looks good to me, and it already broke to the upside. I'm just waiting to see how the daily close ends up for today.

Thanks again everybody for the birthday wishes. Oh and zoopy, it must be a genius thing to be born on the 7th. happy belated birthday to you too, my man.

On another note, I still have the aud/nzd trades running and they are going good at the moment, just above 200 pips. I'll be closing them out though, depending on the aussie close of the day.
Thanks!
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