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  • #97,041
  • May 17, 2009 5:47pm May 17, 2009 5:47pm
sundays are usually continuations of fridays. albeit volume is low it picks up after 7-8 pm EST , peeps say dont trade sundays but i find it just okay, it is the fridays that I avoid

Quoting macockiner2
Hello All,

Just a quick survey, how many of you feel it's ok to trade on Sundays. I'm still new at this and have always been warned about taking any trades on Sunday.

Cheers
Its all in the mind.
  • #97,042
  • Edited 6:04pm May 17, 2009 5:51pm | Edited 6:04pm
Above 1.3479 closing in the hourly is a buy. Also 1.3393 is a buy.
The first puts the market back on course to above 1.3600 with 1.3583 as key level to break.
The second is a strong support which is broken leaves the market open for further move down to 1.3345
  • #97,043
  • Edited 5:53pm May 17, 2009 5:52pm | Edited 5:53pm
Quoting macockiner2
Hello All,

Just a quick survey, how many of you feel it's ok to trade on Sundays. I'm still new at this and have always been warned about taking any trades on Sunday.

Cheers

There's the timezone issue, markets open 22:00(my TZ=GMT) Sunday, so I rarely trade on Sundays...
Traders are smartasses
  • #97,044
  • May 17, 2009 5:52pm May 17, 2009 5:52pm
Quoting Chicky
There is no Sunday trades. Certain parts of the world are already in Monday. However, some traders avoid trading during low volume sessions. This is one.
Yeah, like me!
I learned a long time ago to trade ONLY during high volumes of volatility/trending market. I use the ADX indicator to measure volume.
  • #97,045
  • May 17, 2009 5:53pm May 17, 2009 5:53pm
Quoting macockiner2
Hello All,

Just a quick survey, how many of you feel it's ok to trade on Sundays. I'm still new at this and have always been warned about taking any trades on Sunday.

Cheers

HI there

Its all depends to the timeframe u use.

if you trade m15 and m5 its better not to trade sundays and fridays because of sudden noises and stuf

if trading H30 and H1 becareful of trading fridays, (im not sure about sundays)

H4 , daily and weekly, trade as many oportunities as you have, any time you want

m1 , better not to waste your time and money and try to do some other businesses .
  • #97,046
  • May 17, 2009 5:54pm May 17, 2009 5:54pm
Quoting FXexpress
This chart is Bullish as of right now, however, it's the start of a new week and it's Sunday. If this was any other day I would definately say bullish to 1.3550 or somewhere in the elipse I have here. The headfake filter says long also, but just barely by 1 whole pip.

4 hr shows last move up from hitting the 50 % Fib level plus Uptrendline plus headfake filter a positive situation for a long. The only downside I see here is the total move up from 4/22 leaves us between the 23 and 38 % Fib levels. Either way here but I favor the retrace. If I was...
Totally agree
New voice message: Why are you calling me? If I need you, I'll call you!
  • #97,047
  • May 17, 2009 6:03pm May 17, 2009 6:03pm
I have no idea where it is heading.

Is it Heads for Buy and Tail for Sale, or vice versa? Someone.
The Thief of Wall Street
  • #97,048
  • May 17, 2009 6:05pm May 17, 2009 6:05pm
Quoting Chicky
I have no idea where it is heading.

Is it Heads for Buy and Tail for Sale, or vice versa? Someone.
With your system it should make no difference at all where it goes, you'll make profit either way it goes, so yes, you should use a coin or go long and short.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #97,049
  • May 17, 2009 6:09pm May 17, 2009 6:09pm
Quoting KillerWhale
With your system it should make no difference at all where it goes, you'll make profit either way it goes, so yes, you should use a coin or go long and short.
Shamu, In order to make pips, it needs to go either up or down. But it is going sideways. My system fails here. Guide me with yours, Up or Down.............I promise, will do exactly the opposite.
The Thief of Wall Street
  • #97,050
  • May 17, 2009 6:13pm May 17, 2009 6:13pm
Quoting Jhig
Yeah, like me!
I learned a long time ago to trade ONLY during high volumes of volatility/trending market. I use the ADX indicator to measure volume.
Personally, I use Sunday and before 5.00 am UK time to decide whether to close a trade or leave it running, and very seldom to open a trade.
  • #97,051
  • May 17, 2009 6:13pm May 17, 2009 6:13pm
Meant to post chart this over the weeknd and forgot...

Potential retrace to either the green line a'rd 3510ish or the red line a'rd 3540/50 would be a nice long (which is what I am atm) for a slow opening session. Since there was no gap to speak of, Im not anticipating any fireworks out of PA anytime soon.

I'd love to be proven wrong about that however. Mid's 35xx's and the 162% ext is my stronger target as the 150% ext will probably work for support for a while.
Attached Image (click to enlarge)
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FUBAR...
  • #97,052
  • May 17, 2009 6:15pm May 17, 2009 6:15pm
Quoting eaglestar
lets see where it bounces
many bounces ahead the question is how will we play ball??
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  • #97,053
  • May 17, 2009 6:23pm May 17, 2009 6:23pm
Imfho, Ak's analysis makes sense. If there was no buying last week, should be selling soon. If no selling it should go up. So far selling is not very convincing. In normal situations break of 1.3500 a strong psycho level should have triggered reasonable selling. So far it has not. I will wait and see before making up my mind.
The Thief of Wall Street
  • #97,054
  • May 17, 2009 6:26pm May 17, 2009 6:26pm
we are at the main trendline so anything can happen, if we go short 1.325 and 1.31 are the targets
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  • #97,055
  • May 17, 2009 6:35pm May 17, 2009 6:35pm
Quoting Chicky
Shamu, In order to make pips, it needs to go either up or down. But it is going sideways. My system fails here. Guide me with yours, Up or Down.............I promise, will do exactly the opposite.
That won't help you here, coz I have a long trade open (target 1.3540) and I have a short trade open (target 1.3300) so how are you going to take a trade opposite?
But if it helps, yes my bias is definitely down as I showed in my chart earlier. Maybe 1.33, maybe 1.32 or even far beyond that.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #97,056
  • May 17, 2009 6:39pm May 17, 2009 6:39pm
Quoting KillerWhale
That won't help you here, coz I have a long trade open (target 1.3540) and I have a short trade open (target 1.3300) so how are you going to take a trade opposite?
But if it helps, yes my bias is definitely down as I showed in my chart earlier. Maybe 1.33, maybe 1.32 or even far beyond that.
Shamu
It will my friend, it will. Give me your TP for long, I will enter short there. Give me your TP for short, I will enter my long order there. My system is simple. YOu will buy from or sell to me. Win Win situation. You go with the trend I go against it. That is why I told you, I would do exactly the opposite My job starts where your ends.
The Thief of Wall Street
  • #97,057
  • May 17, 2009 6:48pm May 17, 2009 6:48pm
Out for 5... and mostly done for the night.

I'm up for one more rentry at the xx50 psych level (+3 locked on that one already, TP 3545) but i really don't like chasing opening moves, they often make no sense and can whipsaw you all over the place even if your direction is ultimately sound, the zigzags to get there can do you in... death by a hundred cuts, and I'm not in the 200 to 500 pip stop loss club in this environment (or any other for that matter).

Coin flips can be as good as anything else right now, and that ain't tradin...

I looked at the charts, flipped a mental heads for the first trade (long) and made enough to pay for the hot fudge sundae i'm going to go get now.

Careful trades all...
Attached Image
FUBAR...
  • #97,058
  • May 17, 2009 6:54pm May 17, 2009 6:54pm
Quoting ak4x
Out for 5... and mostly done for the night.

I'm up for one more rentry at the xx50 psych level (+3 locked on that one already, TP 3545) but i really don't like chasing opening moves, they often make no sense and can whipsaw you all over the place even if your direction is ultimately sound, the zigzags to get there can do you in... death by a hundred cuts, and I'm not in the 200 to 500 pip stop loss club in this environment (or any other for that matter).

Coin flips can be as good as anything else right now, and that ain't tradin...

I looked...
You folks see. He is a real trader like me.
The Thief of Wall Street
  • #97,059
  • May 17, 2009 6:55pm May 17, 2009 6:55pm
here is my chart

Attached Image (click to enlarge)
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Learns Gartley Patterns

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  • #97,060
  • May 17, 2009 6:57pm May 17, 2009 6:57pm
Quoting nvcK
we are at the main trendline so anything can happen, if we go short 1.325 and 1.31 are the targets
You messed up something with your chart, the Analyse Buy label belongs to the THV Trix indicator and not the THV RSI.

You can delete it by right click on the chart, Objectlist and search to delete.
Without the trix it will be static and useless.
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