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The College Trader

  • #281
  • Mar 12, 2010 12:36pm Mar 12, 2010 12:36pm
Enjoying spring break guys?
  • #282
  • Mar 12, 2010 12:47pm Mar 12, 2010 12:47pm
Well still got one class left and then going over this past weeks charts to see what I can do better this week.

So enjoying as much as I can lol.

You guys?
  • #283
  • Mar 12, 2010 1:19pm Mar 12, 2010 1:19pm
Quoting Proda
Amen to that.

Foste, Just curious, you mentioned that you have been short the usd lately. is there any reason why? (ie news, upcoming news) or is it purely technical opportunities?


it looks as if risk is coming back for a very short time now....just look at usdx and dow, yet again i dunno, commodities look like they are ready for a nice bear run....from a tech standpoint eu just broke out of major downtrend with that rounded bottom.....its still too early for me to tell, this needs to develop a little more. Next week I should get a better picture, there wasnt a whole lot of action this week, but it paid me though.
  • #284
  • Mar 12, 2010 1:48pm Mar 12, 2010 1:48pm
howdy

wright state university ohio

to the dude that goes to kent state, you know brad stillings?
  • #285
  • Mar 13, 2010 12:23pm Mar 13, 2010 12:23pm
Quoting frankkn
howdy

wright state university ohio

to the dude that goes to kent state, you know brad stillings?

no sorry man
  • #286
  • Mar 13, 2010 1:42pm Mar 13, 2010 1:42pm
By the way anyone here from Texas Christian University?
  • #287
  • Mar 13, 2010 2:05pm Mar 13, 2010 2:05pm
Hi guys, I just came over this thread and find it a good one! I'm a student at Gothenburg School of Law and Economics (Sweden) and i suppose im the only one from sweden on this thread lol . I'm currently doing a double B.Sc, one in economics and one in statistics.

I'm a position trader both trading counter- and trends, I was up 50% on my account until greed became my best friend and it resulted in a 60% account drawdown. After the loss I took a break for 2 months and will never ever never make the same mistake again (risking 20% on a couple of trades).

But now I'm back in business, I only use S/R + price action on the daily TF for my analyzing and entries. And im starting to get a grip of it.

I will post my potential trades in this thread!


Keep the good work up guys, and ffs STAY IN SCHOOL don't drop out just beacuse you think you can get rich with FX and play with the botels and models lOl.
  • #288
  • Mar 13, 2010 2:34pm Mar 13, 2010 2:34pm
LOL we all make mistakes don't worry, and yeah no one should run out and hope they will be rich from forex so soon lol.
  • #289
  • Mar 13, 2010 3:37pm Mar 13, 2010 3:37pm
Quoting gustav213
LOL we all make mistakes don't worry, and yeah no one should run out and hope they will be rich from forex so soon lol.
we can hope!
  • #290
  • Mar 13, 2010 3:45pm Mar 13, 2010 3:45pm
this is the euro fx futures contract

these screen shots are from ten days ago sorry i can't put up more recent ones i'm not on my laptop

this could be professional buying

edit: the s+r are not exact btw
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  • #291
  • Mar 13, 2010 5:34pm Mar 13, 2010 5:34pm
Yeah, I agree actually I have recently been gettin a little bullish in the intermediate. I went ahead and got my equities portfolio to a heavy net positive including some techs financials and retail =D good week for me equities wise. and I scored 8.24% on my demo account forex this week between a couple of short trades on gbpusd ( i go for large lot size and high probability trades, maybe only 1 to 2 signals a week) also i got short on the swissy and snagged about 50 pips for fun at the end of the week so w.e


I am feeling the quick drawdown from last month was a given ( I am a subscriber to the dow theory) So I would say that I am jumpin on the bull train for a little while!!!! as for forex and the dollar IDK!!! idk my bff jill?

right on man hope your enjoyin spring break i am taking a sabbatical/seein how well i can trade under several influences!!!
  • #292
  • Mar 14, 2010 5:21am Mar 14, 2010 5:21am
Quoting frankkn
this is the euro fx futures contract

these screen shots are from ten days ago sorry i can't put up more recent ones i'm not on my laptop

this could be professional buying

edit: the s+r are not exact btw
hey mate which charts r u using? Which broker is that?
  • #293
  • Mar 14, 2010 3:09pm Mar 14, 2010 3:09pm
Quoting frankkn
this is the euro fx futures contract

these screen shots are from ten days ago sorry i can't put up more recent ones i'm not on my laptop

this could be professional buying

edit: the s+r are not exact btw
chart says it all....weak shorts keep getting trying to short, longs take over and push price up....meeting and fed statement will most likely give good clues, however economy doesnt look good for any chance of rate hike in near future(more probability in favor of longs)

ok, so greek crisis put to rest for the time being....fed comes out on tuesday and says "will keep rates low for extended period"

euro 1, usd 0

why did china buy half of the gold the IMF sold???? To hedge against inflation, climbing equities???? Against a weak USD???? I even read somewhere that down here ACBs were selling usd. This is what china does to fuel their growth, they dump usd and buy commodities and drive them up, then when they want they dump commodities and buy usd to appreciate their treasuries. Perfect machine to control world resources.
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  • #294
  • Mar 14, 2010 3:13pm Mar 14, 2010 3:13pm
Well China does have a good plan behind them, I do keep a close eye on them during the week to see what they are doing or will do, since that will always affect something later on other currencies.
  • #295
  • Mar 14, 2010 4:43pm Mar 14, 2010 4:43pm
ive already set buy orders here for au....im currently long a/j as well. im gonna buy oil futures on pullback next stop 86

bull pattern is very obvious in au
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  • #296
  • Mar 14, 2010 5:30pm Mar 14, 2010 5:30pm
elliot wave mfoste?

i've posted other things but i'm not sure if they got approved?? who knows if this one will get posted?
  • #297
  • Mar 14, 2010 6:29pm Mar 14, 2010 6:29pm
Quoting frankkn
elliot wave mfoste?

i've posted other things but i'm not sure if they got approved?? who knows if this one will get posted?

yea....i generally dont trade based on elliot wave.... it tends to be rather hypothetical after the fact. However it can be used better i think in identifying longer, larger trends. But if you look at gold(it correlates strongly with au), gold has one more final bull run maybe to 1300. We may be in the 5th wave within a larger 5th wave.
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  • #298
  • Mar 15, 2010 2:49pm Mar 15, 2010 2:49pm
We might want to keep an eye out for tomorrow since we got the Federal Funds Rate coming out and even though it might not change, well will likely not change, we still always see movement when the FOMC starts talking.
  • #299
  • Mar 15, 2010 3:19pm Mar 15, 2010 3:19pm
short GU from 1.50650 =D

we will see how it goes!
  • #300
  • Mar 15, 2010 8:10pm Mar 15, 2010 8:10pm
Quoting Br_pippin
short GU from 1.50650 =D

we will see how it goes!


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