That's a great idea, may i have eur/usd?
Strat's Long Term Stress Free Trading
- #7,983
- Nov 25, 2009 10:43pm Nov 25, 2009 10:43pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
Just got stopped out on the EURAUD SS short trade I placed a few days ago. It really never got going to the downside as I expected.
Like I said, some work out -- some don't. Keep going.
If today's candle closes above the 50 it will be the first time since July, plus it is a break of the dowtrend line since then.
Happy Thanksgiving everyone!
Dave
Like I said, some work out -- some don't. Keep going.
If today's candle closes above the 50 it will be the first time since July, plus it is a break of the dowtrend line since then.
Happy Thanksgiving everyone!
Dave
- #7,986
- Nov 26, 2009 12:35am Nov 26, 2009 12:35am
I keep hearing the parabolic leap in gold is because of the dollar but a couple of times this week Gold has rallied and dragged the dollar with it.
Gold is approaching the lofty 1200 level.
I have been practising with fib extensions to help when price goes where it has not gone before and I put it on the swings at the start of the coil at the beginning of the year and price seems to be really respecting them.
Im bringing it up now because if gold pauses or corrects some here it will move the dollar with it.
First chart is the weekly chart with...
yes, if the price ventures in uncharted territory fibonacci expansions and also round numbers are the only resistances or milestones.
I have a monthly chart where used FE to make few measurements. Look what it releaved:
I would like that 1200 level to be a stop where I could get down and get back together with few friends and go further. My destination is 1600 but i dont know if i can get that far
- #7,987
- Nov 26, 2009 1:06am Nov 26, 2009 1:06am
- Joined Aug 2007 | Status: Fluid | 1,133 Posts
Trading = a mirror to your human flaws. Fix them or be fixed.
OK, I’m bored and trying to look busy so that the BOSS doesn’t get me to go shopping with her (Ugh!).
I’ve been looking at Indicator Threads here on FF and other various forums and was going to do a few posts on how stupid their squiggly wiggly lines make their analysis but realized that was negative. Instead I want to focus on the positive so let’s look at how we “SEE BEYOND THE CANDLES”.
[font=Arial]Looking at the Worker AUDUSD chart, we can see that she bottomed on April 02, 2001. Of course, we didn’t know...
You are leaving us a great legacy here Strat and we can't all commend you enough for all your effort and dedication to these 'cyberpeople' with whom you communicate with on a daily basis. If you were to write a book you'd truly leave your mark on the world - no greater legacy than having your name in print and published.
I think Nic should do the Black Gold as she's the original darksider.
I'll volunteer to provide Index coverage if you like - I think the S&P emini futures is the best overall bellweather for the indices - or I'm happy to cover the FTSE100 or Dow Jones - which ever one people think is best? Purely technical though, zero funnymentals. And stick me down for CADYEN - I like the way this pair trades technically.
Good trading all!
Trade less and become more profitable!
- #7,993
- Nov 26, 2009 3:16am Nov 26, 2009 3:16am
Had some really busy times theese last weeks, so, just managed to read posts and advance slowly in the Path.
Yet profitable as we go.
My eur/gbp long has decide to make a move so I brought my sl to b/e, waiting for a bump to add. My usual trade in eur/dkk (please don't laught) is doing it's wee thing.
Since following the Path, I have only got caught once and believe it or not, it didn't hurt. I just closed the trade (don't remember what it was right now) and that was it.
Got a good feeling with you folks, so if you don't mind I'll post a bit more this month.
Now, to finish this wee post LOADSA THANKS TO STRAT, BLACKEAGLE, NICOLA, ALEXANDRA!!!!! Great experience.
And also thanks to the rest of people who are willing to expose themselves and their trades to public scrutiny, it sets a fantastic example.
Humbleness is one of the most difficult virtues to practice.
Spinner
Yet profitable as we go.
My eur/gbp long has decide to make a move so I brought my sl to b/e, waiting for a bump to add. My usual trade in eur/dkk (please don't laught) is doing it's wee thing
.Since following the Path, I have only got caught once and believe it or not, it didn't hurt. I just closed the trade (don't remember what it was right now) and that was it.
Got a good feeling with you folks, so if you don't mind I'll post a bit more this month.
Now, to finish this wee post LOADSA THANKS TO STRAT, BLACKEAGLE, NICOLA, ALEXANDRA!!!!! Great experience.
And also thanks to the rest of people who are willing to expose themselves and their trades to public scrutiny, it sets a fantastic example.
Humbleness is one of the most difficult virtues to practice.
Spinner
Spinner
'Tis in the Waiting.....
Hi all,
Have been lurking around for a while now, reading learning and re-reading this great thread (The Path of Learning). Strat, thanks for those little gems you have provided over the last couple of days (Christmas has come early). Analysis like that is very helpful and greatly appreciated. It helps consolidate the strategy.
Anyway, as I look out at yet more rain I thought I would post some coment on Larry's analysis..
Larry,
I hope you don't mind but I would just like to add some of my thoughts also.
I agree with your analysis so far, however on my chart I have a weekly Reasistance level at 1.6700 and a weekly Support at 1.5850 ish and the price seems to have been caught in this range since mid May. I also have daily Demand DSRI currently dissecting this range. The DBHLC sits nicely on the Resistance level so looks good for a short trade.
However any retrace back through the range would hit the daily 50 and weekly 20 MAs you point out and my DSRI. Should price break through these levels then we could see price down to the 1.5850 level.
Any coments welcome to help clear the path. (Strat, Blackeagle can you confirm the accuracy of my SR and DSRI lines? Thanks)
Nick
Have been lurking around for a while now, reading learning and re-reading this great thread (The Path of Learning). Strat, thanks for those little gems you have provided over the last couple of days (Christmas has come early
). Analysis like that is very helpful and greatly appreciated. It helps consolidate the strategy. Anyway, as I look out at yet more rain I thought I would post some coment on Larry's analysis..
I hope our American members will enjoy there turkey later today.
I would like to venture my comment on the current situation regarding cable for your kind attention.
the current candle is showing great promise although very incomplete with no volume coming from the usa today it could end similar and be a nice DBHLC. The price has made lower hi's and lower lo's as well.
Although the BOSS has by no means changed its trend yet it has potential after the bear candle last week and the retracement this week having been rejected so far at the SR...
I hope you don't mind but I would just like to add some of my thoughts also.
I agree with your analysis so far, however on my chart I have a weekly Reasistance level at 1.6700 and a weekly Support at 1.5850 ish and the price seems to have been caught in this range since mid May. I also have daily Demand DSRI currently dissecting this range. The DBHLC sits nicely on the Resistance level so looks good for a short trade.
However any retrace back through the range would hit the daily 50 and weekly 20 MAs you point out and my DSRI. Should price break through these levels then we could see price down to the 1.5850 level.
Any coments welcome to help clear the path. (Strat, Blackeagle can you confirm the accuracy of my SR and DSRI lines? Thanks)
Nick
- #7,998
- Nov 26, 2009 8:06am Nov 26, 2009 8:06am
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
OK Im going to do Crude and the dollar index ...
When you back 'full-time' then? Hope all has gone well.
Grim
Trade less and become more profitable!