strange.. lets sell gold?
james16 Chart Thread
- #29,363
- Edited 9:11am May 7, 2009 9:06am | Edited 9:11am
I agree...I take interest rate days and NFP days as well earned days off...albeit I do often sit in front of the screen watching the PA and holding back the trigger finger!!...however with current volatility across the globe it is not worth the risk trading these days unless one substantially reduces the risk per trade to at most 25% of what one would currently do.
The pin on the 4hr below certainly looked tempting
...but sticking to my rules!
The pin on the 4hr below certainly looked tempting
...but sticking to my rules!
- #29,369
- May 7, 2009 10:02am May 7, 2009 10:02am
weekly BUOB shaping up nicely...wonder what the news will bring??
Yes...I agree...this started with a daily pin on a supportive weekly chart...successfully tested a daily fibo but now has an obstacle to overcome.
- #29,370
- May 7, 2009 10:11am May 7, 2009 10:11am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Everyone say eur/usd going down!! am i the only one says UP!!
It might go down not much and maybe deep down on 7 or 8 May but fasting will pullback and shooting high that my view.I think that because that what i read from my chart and analysis on long TF not because have long position!!
Anyone sharing my view??
- #29,372
- May 7, 2009 10:26am May 7, 2009 10:26am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
SELL SELL SELL SELL SELL SELL SELLLLLLLLLLLLL!! Sell your house, your dog, your grandma!!!!! CHAOS REIGNS!!!!
Actually I'm buying both right now... buying CAD, shorting yen... shorting cable.. and buying gbpjpy... (nice little hedge huh, didn't even notice it until I was looking over my positions)
Next few days should be fun.
K.I.S.S.
- #29,373
- May 7, 2009 10:39am May 7, 2009 10:39am
Funny you mention this pair Josh.
I had a BUOB on my feed for the day before at swing low so I decided to take this opportunity. Unfortunately price broke through and reversed to hit my tight stop. I'm gravitating more towards these Jaroo type stops ....but you can see what happened today to NZD/CAD... it shot through all barriers.
I realize that there was congestion up so maybe this wasn't a great trade...I guess I just wanted to point out that this BUOB could have worked easily for someone with a larger stop.
The hardest part for me as of late has been sticking with one exit strategy. Of course the moment you switch...the other exit strategy starts working better.
I had a BUOB on my feed for the day before at swing low so I decided to take this opportunity. Unfortunately price broke through and reversed to hit my tight stop. I'm gravitating more towards these Jaroo type stops ....but you can see what happened today to NZD/CAD... it shot through all barriers.
I realize that there was congestion up so maybe this wasn't a great trade...I guess I just wanted to point out that this BUOB could have worked easily for someone with a larger stop.
The hardest part for me as of late has been sticking with one exit strategy. Of course the moment you switch...the other exit strategy starts working better.
It sure seems like it's been slim pickin's on finding great trades using PA on the daily and weekly charts recently....
- #29,376
- May 7, 2009 10:51am May 7, 2009 10:51am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
