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  • #7,361
  • Jan 19, 2009 6:03am Jan 19, 2009 6:03am
Quoting en0x
No correlation trading here, but listen to vangelis and Diane Arkenstone. Relaxing. I have only been learning about trading for the last 18 months, and only started focusing on it about a total of 6 months. So no, nothing exciting here like correlation trading , in fact I dont even have access to Dow charts.
Here's a dow link: just remember to refresh ...

http://bigcharts.marketwatch.com/adv....asp?symb=djia

Correlation trading is veeeeery groovy ... get in touch if you want to know more ...
Happy trading ... RJG
  • #7,362
  • Jan 19, 2009 6:07am Jan 19, 2009 6:07am
Time to set TP and SL and go to sleep, 6 hours sleep is not fun.
Survive and Preserve
  • #7,363
  • Jan 19, 2009 6:09am Jan 19, 2009 6:09am
Try again, I've added you to my buddy list now ...
Happy trading ... RJG
  • #7,364
  • Jan 19, 2009 6:10am Jan 19, 2009 6:10am
Hi rjg,

I'm located in NZ. Would you mind to share your "holistic beautiful setup";-)?

regards

Thomas

Quoting rjg
Yes, you're right ... 60min hasn't triggered so could be either ...

However, I trade on 5min charts and the 5min has closed below so I'm in short ... maybe this is cheating (using 5min charts) ... but it's now 10:30pm Sydney, and London session closes in about an hour and a half ...

Do you trade the Asian Session Open (not the tennis, dummy, the fx session !!!) ?

Given that you also are in Sydney, there is an holistic beautiful setup that occurs almost every day that I could share (if you don't already have a strategy for the Asian open (10am...
  • #7,365
  • Jan 19, 2009 6:14am Jan 19, 2009 6:14am
So, we have the tri-nations in this room, Saffa (ex pat) kiwi and ozzie
Survive and Preserve
  • #7,366
  • Jan 19, 2009 6:38am Jan 19, 2009 6:38am
Gotta love a S&R short, wouldn't you say?

Shorted the AUDJPY at 120.39 and it's still doing it's little funky thaing ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-5min=10jan09.png Size: 30 KB
Happy trading ... RJG
  • #7,367
  • Jan 19, 2009 7:10am Jan 19, 2009 7:10am
Just joining in ... I love this thread ... as a hand-stitching embroiderer from way back, I appreciate the contribution that every single weaver makes ...

link to dow chart - refresh the screen all the time :
http://bigcharts.marketwatch.com/adv....asp?symb=djia

ambient trading music on your pc:
http://www.holisticpage.com.au/_Deutsch.php

if anyone's awake for the US stock market (the DOW) open Sydney 130am M-F (not tonight, it's Martin Luther King Obama Coronation All Hail The King Day, Monday US time 19 Jan 09), but ongoing, let me know ...

and ... if you're awake and trading the Asian open (fx; not tennis) Sydney time 10am, let me know, there's a nice little S&R breakout setup that happens just about every day, on 5min setups ...

nighty night ... don't let the bed bugs bite ...
Happy trading ... RJG
  • #7,368
  • Jan 19, 2009 7:30am Jan 19, 2009 7:30am
rjg... can you please activate PMs on your profile.?
  • #7,369
  • Jan 19, 2009 8:06am Jan 19, 2009 8:06am
I have been reading some books about fundamentals.
I heard interest rate was reduced in Euro, so euro fell, but i cant figure out why even AUd and GBP are falling compared to US. Something surely must be there on the US which is strengthening USD. But i cant understand what.

Also,on the day of third bailout ( last friday) , USD fell when compared to EUR, GBP and AUD. When the first bailout was released( September i guess) , USD simply gained huge strength ( also gained during previous days on speculation). But during second and third bailouts USD simply lost value . I couldnt understand this either.

So these are my doubts.

In short, i cant understand what's happening from the fundamental side.
Since BRV regularly says " Think like the banks if you want to be successful " , i thought i myt as well pop this question in this thread, since banks also use a little fundamental analysis.
  • #7,370
  • Jan 19, 2009 9:34am Jan 19, 2009 9:34am
GBPJPY has broken a support line and is coming back for a retest
i see it is a good opp. to short @ the green line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.GIF Size: 38 KB
  • #7,371
  • Jan 19, 2009 9:48am Jan 19, 2009 9:48am
Quoting mattpajek
Thanks guys i decided to give it a go and since i`am always losing....maybe this one will be better
A massive part of trading is down to confidence, belief and lack of fear and greed, more so than the particular 'method' you use .....

if you expect to lose .... you definitely WILL - that is a certainty !
  • #7,372
  • Jan 19, 2009 9:56am Jan 19, 2009 9:56am
Quoting rjg
Just joining in ... I love this thread ... as a hand-stitching embroiderer from way back, I appreciate the contribution that every single weaver makes ...

link to dow chart - refresh the screen all the time :
http://bigcharts.marketwatch.com/adv....asp?symb=djia

ambient trading music on your pc:
http://www.holisticpage.com.au/_Deutsch.php

if anyone's awake for the US stock market (the DOW) open Sydney 130am M-F (not tonight, it's Martin Luther King Obama Coronation All Hail The King Day, Monday US time...
RJG,
I trade the Asian open in the evening here in the US and would love to hear about the setup on S&R breakout. Let me know what I need to do. Thanks for sharing your experience and giving back.
  • #7,373
  • Jan 19, 2009 12:19pm Jan 19, 2009 12:19pm
Quoting avi007i
I heard interest rate was reduced in Euro, so euro fell, but i cant figure out why even AUd and GBP are falling compared to US. Something surely must be there on the US which is strengthening USD. But i cant understand what.
Hi AVI,

It mostly about risk aversion. When the economy of the world appears to be in the toilet, funds seem to move towards the USD. Even with our sorry economic condition, weh are still perceived as the most solid economy, or at least the one with the best potential for becoming solid in the future. So this increases the dllar strength. Notice also how it seems to falter a bit though when our stock market rallys.

You will find also that AUD, NZD and GBP are also expected to continue to lower their rates, weakening their currencies whereas the USA has alread lowered about as far as it can.

There are a number of sources on a daily basis for getting input on these fuyndementals. Saxobank, aninternational bank, will allow you on a free mailing list to receive daily opinion statements which I find very valuable. I think they are probably watered down analysis that are written within the bank for their own traders. Check out www.saxobank.com and find the "wakeeup call" in the Market News and Analysis tab.

SR
  • #7,374
  • Jan 19, 2009 1:24pm Jan 19, 2009 1:24pm
Quoting seattlerust
Hi AVI,

It mostly about risk aversion. When the economy of the world appears to be in the toilet, funds seem to move towards the USD. Even with our sorry economic condition, weh are still perceived as the most solid economy, or at least the one with the best potential for becoming solid in the future. So this increases the dllar strength. Notice also how it seems to falter a bit though when our stock market rallys.

You will find also that AUD, NZD and GBP are also expected to continue to lower their rates, weakening their currencies whereas...
Hi seattlerust,

"wakeeup call" in the Market News and Analysis on Saxobank.com : I found this page but cannot see how to join the mailing list ... am I going blind ?
  • #7,375
  • Jan 19, 2009 3:29pm Jan 19, 2009 3:29pm
With support and resistance levels on 4 hr and daily, I think support resistance off 15 minute charts can be good too for 15 pips or so at a time. It can be a good addition to the longer term s/r since the longer term ones might take some time to reach..

I made 2 trades yesterday, 15pips each with 20 SL. But I made sure the bounces were nice obvious ones. Ones that look like a V or an inverted V.
  • #7,376
  • Jan 19, 2009 4:58pm Jan 19, 2009 4:58pm
Hello ... send me a private message with your e-mail.

I don't know if we're allowed to put "personal setups" on the forum ... I'm waiting for advice from the moderator or BillyRay ...

cheers
RJG
Happy trading ... RJG
  • #7,377
  • Jan 19, 2009 5:21pm Jan 19, 2009 5:21pm
sorry, typo ... the short trade about 10 posts back was on the EURJPY ...

I left it with a trailing stop and went to sleep ... woke up feeling 131 pips better!
Happy trading ... RJG
  • #7,378
  • Edited 5:31pm Jan 19, 2009 5:22pm | Edited 5:31pm
Quoting rjg
Hello ... send me a private message with your e-mail.

I don't know if we're allowed to put "personal setups" on the forum ... I'm waiting for advice from the moderator or BillyRay ...

cheers
RJG
I tried to send you a PM and it says you are not accepting PM's. I believe they shouldn't have a problem with personal setups, because this blog is BRV's setup, is it not???

Congrats on the 131 pips!!!
Email [email protected]
  • #7,379
  • Jan 19, 2009 5:23pm Jan 19, 2009 5:23pm
RJG

Hi name is Gerard 212 and reside in wollongong which is aboriginal for home of lousy FX trader so any help you can graciously provide i would appreciate.

Gerard

PS em is "[email protected]
  • #7,380
  • Jan 19, 2009 5:58pm Jan 19, 2009 5:58pm
Morning,

Took a break yesterday and missed out on the Geppy's fall oh well! One trade that I'm in is the usd/chf which triggered my order out of the blue wasn't expecting that with the holiday and all. Might consider adding some more if it retraces back down towards the 1300 area.

Cable is hitting that 14350 area again, will she go? I have a short order ready if it sinks much past that level .

Euro again pressing down 13050 next big line of support if this one breaks is about 700 pips away.

Have a good one
Attached Image (click to enlarge)
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