Female Forex Traders Network II

This is a continuation of an ICCE chart which I trade since some weeks.

We see clear support areas (red) built on the top and bottom lines of the ICCE box which was photo copied on 26 Aug. (second box).

It was a a good take during this London-NY session to buy at the first Support level indicated, in case that PA would hve gone to the second level (1.4220 level) I would have added to that position.

The ICCE boxes and their Fib levels should be seen as areas in which we act when we think the support or Resistance hold.

We are in a range since 19. Aug and it is forming a Mega ICCE (the blue sqare line). The upper level is the bottom line of a previous ICCE box from the first days of Aug.

CobraForex,

The ICCE box looks interesting...

Snake-oil???

ICCE increased my trading performance, it's really worth to visit Bemac's thread and learn that method.

(don't forget the scottish dictionary)

Sorry, American idiom. See http://www.thefreedictionary.com/snake+oil

I thought its good to view the result ..
an update on EG discussed in July


http://asiakk.wordpress.com/2009/07/30/eg/7p-eg3/


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All right ladies...here it is end of summer, new month, kids back to school, traders back at the grind...


Where is your trading today? What's open, and what are you watching?

May just not be her cup of tea.

My husband is convinced I get up early to do VOODOO. That's how much he understands it

Well... I have been reading around different break out strategies and I guess Frankenpips is gone with his two trading strategies along with Edgetrader. I guess the fakes are being weeded out..

I guess our very own contributor CobraForex is a garden weeder...

Been studying the Aud/Usd and correlating pairs, also watching USD/CAD, I am enjoying them trying to hone my scalp strategy.

Hi gals (and boys)

Here an update of yesterdays ICCE chart.

You see that the mega channel got broke after the bounce and positive US news and is in a retest actually.

Good idea to sit on the hands and wait until the market show us the way.

Thanks, Cobra. I'll definitely take your advice. I've seen people using ICCE but haven't done so myself, so it looks like today would be a good day to do some reading and research.

Have a great day trading!
Tanya

Hi all

I've just spent most of the day reading the ladies thread, and I have to say my head is spinning with the info there. I've been trading since the start of June on EJ and GU, with limited success thus far. Of course, it would help immensely if I'd just leave my Stop alone... Now will digest info and watch the markets for a bit instead of leaping in!!

Loops

Yep, it was a little whippy until the London-NY overlapping session.

We had some clear reversal candles (the blue box) what showed us that bears lost the fight and we could have taken a long on E/U.

Hello everybody, back from holidays.

I think tomorrow we could have a good day for going long GBPCHF or short EURGBP, what do you think?

GBPCHF is at a big support as represented on daily chart and has made a new higher higher on the 1H timeframe. Target at least 1,75.

Similar but mirror for EURGBP.

Anyway take care about Minimum Bid Rate for EUR at the middle of London Session.

Good luck!

Hey T... I replied here instead of 'the other place'. I can wear my 'welcome' ((such as it is)) out pretty fast over there these days...

Us too.. Been gone for awhile and dying to get back to a real place.

We had the whole "snow ice cream" thing down to a fine art when we lived remote and had to pack everything in. Gourmet stuff... sort of like the old bush apple pie recipe, dried sliced apples reconstituted in Boones Farm with crumbled up Sailor Boys for a crust, ala mode with new snow ice cream on top... Yum.

You should have a recipe section here for when things are slow. I know Bemac has a killer grits recipe...

PM me any particulars you care to... we know some Wasilla folks but no Palmer people anymore. Had an old army bud hermit friend lived out by Lazy Mt years ago, but lost track of him as people moved into his valley. We think he pulled stakes and snuck off somewhere... Some Sutton folks as well, but they got old and died.

Here's a pic of us 'way back when' some many miles up the Knik river... that's the Knik glacier in the background. Used to icefish for landlocked silvers out by the Butte... lived some years in Anchorage and know it too well, also down by Homer, but that was 30 years ago.

Morning Ladies and Gentlemen

Haven't been trading for the last few days and it doesn't look like I missed much. The US$ bulls tried to take it down and got smacked right back in the face because it's nearly back to where it was when I last looked at the market.

Apparently the "real" traders are back from their holidays in the Hamptons now (or wherever it is they holiday these days - probably the camper van site in Southend-on-Sea but we won't laugh yes I will) and they'll be pushing all those junior traders that have been manning the desks while they have been away out of their way. They haven't shown much of a hand yet.

I'm so not up with my fundies for the last few days either so all I can offer you today is my USDX 4 hour chart for pondering. We are back under the 78.30 level at 78.25 at the moment. 77.98 (the 61.8% fib) has proved way too strong to break on the last few attempts.




SSI: Retail Positioning on USDJPY Grows Extremely Negative as Bear Trend Continues
Wednesday, 02 September 2009 17:21:20 GMT
Written by John Kicklighter, Currency Strategist

Attached Image (click to enlarge)

Intraday Highlight:

USDJPY - The ratio of long to short positions in the USDJPY stands at 4.10 as nearly 80% of traders are long. Yesterday, the ratio was at 3.13 as 76% of open positions were long. In detail, long positions are 13.8% higher than yesterday and 43.0% stronger since last week. Short positions are 13.0% lower than yesterday and 15.6% weaker since last week. Open interest is 7.3% stronger than yesterday and 28.7% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

Wow, for every trader long on the JPY, there are nearly 4.10 traders long on the US$ - he, he. Hopefully none of you are to the forex gods. FXCM haven't updated the sentiment index this morning yet so this is last night's index.

And lastly, here's Bank of Scotlands Daily Market Strategy if you feel like a read.



Good trades to all

P.S. I see one thing that is interesting. Gold looks to have broken out. Something is underfoot. Also forgot to say that it is EZ interest rate decision today and Non Farm Payrolls tomorrow. Don't be scalping around those news announcements unless your game or your soldier is very small.

I DOUBT THAT

Love the photo! Looks like you and I have stomped some of the same turf. I love AK, but am happier living in WA. Easier winters............

About the recipe section, the closest we get is the old Female Forex Traders thread. Some decent stuff there.

Price coil inside tight range await break out ..
http://www.forexfactory.com/showpost...5&postcount=80
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You know, I was just looking at my USDX 4 Hour chart thinking exactly the same thing. I just don't know which way it is going to break and it's annoying the $hit out of me. I've got this horrible feeling it might be in favour of the US$ but the last time I relied on my female intuition was when I said to another poster that I thought another poster was a chick and he is most definitely male Oh, yeah, and let us not forget that TudorGirl fooled me as well (the laugh is on me)



The daily isn't giving me much either. It's still obviously under my 200 SMA and under my 34 EMA but the RSI (to me) is neutral and considering the ranges the currencies have already done this year, I'm just not sure. One thing is for sure, it's going to break and I don't want to be on the wrong side! I've spent too many Xmas rallies on the wrong side.



SSI: USDJPY Reversal Prompts a 31% Jump in Retail Short Interest
Thursday, 03 September 2009 18:23:05 GMT
Written by John Kicklighter, Currency Strategist



Intraday Highlight:

USDJPY - The ratio of long to short positions in the USDJPY stands at 3.03 as nearly 75% of traders are long. Yesterday, the ratio was at 4.26 as 81% of open positions were long. In detail, long positions are 7.1% lower than yesterday and 16.0% stronger since last week. Short positions are 30.6% higher than yesterday and 23.5% stronger since last week. Open interest is 0.0% stronger than yesterday and 29.7% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

Mmmmm, interesting turn of events. I wonder if some of those traders that were long on the US$ had their stop loss at 92.00 which knocked them out. Seems sentiment is slowly changing in favour of JPY strength now with short US$ positions up 30.6% higher than yesterday.

Maybe a tight coil is what the USD/CAD is doing as well...