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  • #3,661
  • Sep 23, 2008 12:23am Sep 23, 2008 12:23am
Quoting lemmingboiv2
usd/chf looks to regain ground here 1.08043 the next level of resistance that should be good for a trend friendly move....1.08992 a solid wall that no way could be penetrated
Where are those numbers from?
History is written by the victors.
  • #3,662
  • Sep 23, 2008 5:25am Sep 23, 2008 5:25am
Long EUR/USD 1.4545 -1.4535

Im using this new metatrader platform I dont personally like the quotes on too much but close enough.
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  • #3,663
  • Sep 23, 2008 5:39am Sep 23, 2008 5:39am
Looking for a higher close today in general on the US dollar (lower eur, etc) - I think the overheated commodity markets are going to cool down a bit today after 4 consecutive (really big) upcloses on oil and gold is making a bearish pattern right now. That massive increase on oil yesterday was before the expiration of the contract, so I'm blowing it off as a fade for today, but taking note of upside risk which is certainly still there; I just dont believe to the magnitude we've been seeing lately... If US equity markets go lower can expect UJ to go lower with it and EJ, AJ, etc to decline with them, very possibly, and with enough strength, to bear weight on GBP and EUR, etc.

Overall if this is the case good USD selling opportunities in general line up for some core positions.

But based on everyday whacky events and Paulson on the platter I immediately knock off a good 40% accuracy on my analysis here. Really volatile and need a good stomach to trade it. But the levels still work, just dont get caught in a squeeze. Thine trend art thou friend.
  • #3,664
  • Sep 23, 2008 5:50am Sep 23, 2008 5:50am
Hopefully you can see why I'm attacking these areas.
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  • #3,665
  • Sep 23, 2008 5:55am Sep 23, 2008 5:55am
Looking for that massive gap to close at some point.
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  • #3,666
  • Sep 23, 2008 6:06am Sep 23, 2008 6:06am
Keep taking note of these bucket patterns by the way. Today's top on EUR coincided with the bottom of the bucket made back on 8/21 - 8/22, and ran south for a couple hundred pips.
Attached Image (click to enlarge)
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  • #3,667
  • Sep 23, 2008 6:57am Sep 23, 2008 6:57am
I see you made a blog for your trades...it is very much appreciated !

Btw do you see a bullish bias for the USD/JPY up to 108.7 ?
  • #3,668
  • Sep 23, 2008 7:13am Sep 23, 2008 7:13am
Quoting lumesh
I see you made a blog for your trades...it is very much appreciated !

Btw do you see a bullish bias for the USD/JPY up to 108.7 ?
No problemo! Ultimately yeah thats what Im looking for, but its all on the shoulders of what happens in the equity markets this week. After yesterday's selloff we saw hard, one time sellers pushing down the market and there is still a lot of uncertainty in regards to reactions coming from this bailout plan. I, like anyone else out there, is mixed on how the market will react, but if I had to throw a pass right now I'm saying short the dollar over the next few weeks. Looking for longs in general on this pair; today we might get a move lower, but I think today or tomorrow we'll see follow through to the upside. Again, alot is dependent on this news, so its harder than usual to make a fully confident forecast.
  • #3,669
  • Sep 23, 2008 7:18am Sep 23, 2008 7:18am
Quoting BillyRayValentine
Looking for a higher close today in general on the US dollar (lower eur, etc) - I think the overheated commodity markets are going to cool down a bit today after 4 consecutive (really big) upcloses on oil and gold is making a bearish pattern right now. That massive increase on oil yesterday was before the expiration of the contract, so I'm blowing it off as a fade for today, but taking note of upside risk which is certainly still there; I just dont believe to the magnitude we've been seeing lately... If US equity markets go lower can expect UJ to go lower with it and EJ, AJ, etc to decline with them, very possibly, and with enough strength, to bear weight on GBP and EUR, etc.

Overall if this is the case good USD selling opportunities in general line up for some core positions.

But based on everyday whacky events and Paulson on the platter I immediately knock off a good 40% accuracy on my analysis here. Really volatile and need a good stomach to trade it. But the levels still work, just dont get caught in a squeeze. Thine trend art thou friend.
This is exactly what I was thinking. I'm on the sidelines until this stuff settles itself out. Fine thread by the way.
"Don't trade to trade . . . trade to win." - James16
  • #3,670
  • Sep 23, 2008 8:16am Sep 23, 2008 8:16am
I've subscribed to the blog and I think I completed all the steps properly. I find only one post there from Steve W. Is that right?
Thanks.
  • #3,671
  • Sep 23, 2008 8:20am Sep 23, 2008 8:20am
Quoting Grath
I've subscribed to the blog and I think I completed all the steps properly. I find only one post there from Steve W. Is that right?
Thanks.
yeah - its just a tracker and commentary thread more than anything becuase I know how stuff gets lost in this thread in general with all the commentary from the community and this will keep everything organized - Steve W. is me - I tried to find a way to keep it in the first page of this thread but I'll go nuts to be honest trying to do that.....this is much easier - $9 bucks for the domain name and we're good to go - see all I do for you guys ?
  • #3,672
  • Sep 23, 2008 8:31am Sep 23, 2008 8:31am
Quoting BillyRayValentine
- $9 bucks for the domain name and we're good to go - see all I do for you guys ?

yesss we dooo, very much so
  • #3,673
  • Sep 23, 2008 8:32am Sep 23, 2008 8:32am
TRACK

Quoting finswin56
If we're still doing that.

USD/CAD

Long 1.0321 - 1.0294
I like the lower level better, right around the figure.

61.8 from the latest big move up, and 50% from the lows of May.
My only reservation is that oil is rocketing up, but we wouldn't be back at these levels without that, would we? lol
Does this belong on the blog or will that be for Steve w. only?
  • #3,674
  • Sep 23, 2008 8:33am Sep 23, 2008 8:33am
Quoting lumesh
yesss we dooo, very much so
hahahaha - just kidding with all the ideas floating around in this thread from so many traders since I started it Im just happy to see others contribute their time so much
  • #3,675
  • Sep 23, 2008 8:35am Sep 23, 2008 8:35am
Quoting Grath
TRACK



Does this belong on the blog or will that be for Steve w. only?

Oh I was just going to post my stuff for the time being.....I tried posting other's trades a while back and it ended up in disaster and me not having the time to maintain it.

There are just too many trade calls going on in a regular basis in here for any single person to really keep track of them all.....I've come to that realization.

We had another attempt with the website linked on the first page and even that struggled becuase again, there are just so many.

But I'll try to come up with a better gameplan and I'll let you know.
  • #3,676
  • Sep 23, 2008 8:47am Sep 23, 2008 8:47am
Quoting BillyRayValentine

But I'll try to come up with a better gameplan and I'll let you know.
Is there some way others could post to the blog? I mean... couldn't finswin56 just post his No Brainer there himself? (... and me too, if I ever get that confident...)?

Maybe you would just have a list of "qualified" people with the permission to post? (Most of us know the names of those members.)

Just trying to help... tell me to butt out if needs be.
David
  • #3,677
  • Sep 23, 2008 9:39am Sep 23, 2008 9:39am
JMO, but I don't want my calls anywhere near BRV's. No need to sully his like that. If we're not tracking anymore, that's fine. We can all still share our trade plans here.
  • #3,678
  • Sep 23, 2008 10:08am Sep 23, 2008 10:08am
Quoting BillyRayValentine
- Steve W. is me -
No damnit. . . you are Eddie Murphy. . . .do you hear me? DO not ruin my mental picture of you!!!
  • #3,679
  • Sep 23, 2008 10:20am Sep 23, 2008 10:20am
Quoting BillyRayValentine
No problemo! Ultimately yeah thats what Im looking for, but its all on the shoulders of what happens in the equity markets this week. After yesterday's selloff we saw hard, one time sellers pushing down the market and there is still a lot of uncertainty in regards to reactions coming from this bailout plan. I, like anyone else out there, is mixed on how the market will react, but if I had to throw a pass right now I'm saying short the dollar over the next few weeks. Looking for longs in general on this pair; today we might get a move lower, but I think today or tomorrow we'll see follow through to the upside. Again, alot is dependent on this news, so its harder than usual to make a fully confident forecast.


Checkout Ironmans blog also, it is very informative!!!
  • #3,680
  • Sep 23, 2008 12:41pm Sep 23, 2008 12:41pm
Quoting generalz
Checkout Ironmans blog also, it is very informative!!!
Let me help out with this one: http://www.tradefxforaliving.com/
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