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  • #2,141
  • Jun 4, 2010 12:21pm Jun 4, 2010 12:21pm
Quoting ogeid
Sq, happy you are doing well. I am overall in profit but I still have the N/U not doing well. I should have closed it before but it is difficult to admit I was wrong !
Thnx ogeid, still plenty of work to be done but just like the snail I'll get there eventually.
Wish u guys all many success, there's enough to go round
lovely weekend to u guys
cheers
Simplicity is the key to success
  • #2,142
  • Jun 6, 2010 6:00am Jun 6, 2010 6:00am
Hi Guys,

Hope trading is going well and all making tons of pips!

halfway through my holiday and couldnt resist checking emails, forums etc...though havent looked at any charts.

So what's been going on, dow still hovering around 10k mark (futures) and other xxx/usd in ranges...that would be my guess???

Gotta dash check back tomorrow
  • #2,143
  • Jun 6, 2010 7:13am Jun 6, 2010 7:13am
Quoting lovejoy80
Hi Guys,

Hope trading is going well and all making tons of pips!

halfway through my holiday and couldnt resist checking emails, forums etc...though havent looked at any charts.

So what's been going on, dow still hovering around 10k mark (futures) and other xxx/usd in ranges...that would be my guess???

Gotta dash check back tomorrow
Hey lj,
yeah dow still hovering around resistance, and most pairs look like they will be ranging a bit more before breaking lower? nothing too exciting right now, Id just enjoy the vacation hopefully things will get more interesting as the week progresses.
  • #2,144
  • Jun 6, 2010 2:25pm Jun 6, 2010 2:25pm
Hi Lovejoy,

Hope you are enjoying your holliday.

Here some dow charts for you

take care


http://i50.tinypic.com/16a4ode.png

http://i46.tinypic.com/20qdguu.png
  • #2,145
  • Jun 7, 2010 5:35am Jun 7, 2010 5:35am
Thanks for the charts...I'd heard this morning that Asia had dropped 4% due to poor Us employment numbers and hungary concerns...presume the Euro has reached a new low too.

Was hoping that we wouldn't have another leg down until I got back...oh well.

Catcha all when I'm back on Thursday

  • #2,146
  • Jun 7, 2010 5:43am Jun 7, 2010 5:43am
Quoting lovejoy80
Thanks for the charts...I'd heard this morning that Asia had dropped 4% due to poor Us employment numbers and hungary concerns...presume the Euro has reached a new low too.

Was hoping that we wouldn't have another leg down until I got back...oh well.

Catcha all when I'm back on Thursday

Hi LJ,

hope you are enjoying your vacations.

Friday was a busy day: reaction on NFP news + concern for Hungary. Euro dropped as down as 1.187. It broke 1.215 in a heartbeat to then break the BRN at 1.2.

Today all pairs are trying to retrace but it is a small move, nothing really interesting at the moment. We ll see this afternoon.

Take care
  • #2,147
  • Jun 7, 2010 3:52pm Jun 7, 2010 3:52pm
Quoting lovejoy80
Thanks for the charts...I'd heard this morning that Asia had dropped 4% due to poor Us employment numbers and hungary concerns...presume the Euro has reached a new low too.

Was hoping that we wouldn't have another leg down until I got back...oh well.

Catcha all when I'm back on Thursday

Hey man, hope you're enjoying your vacation.

I'm enjoying some easy trading and more or less my exam session...
  • #2,148
  • Jun 8, 2010 6:35am Jun 8, 2010 6:35am
i need some serious excitement in my life, its boring
ogied, neutro ...how r u guys doing
how r ur exams coming up neutro, ogeid u there or uve gone jogging, lol
hey LJ, hurry up and come back
anyways a loss for me this week, my 1st of the week
cheers guys

edit:ooops!!! didnt explain the loss, took the pin, didnt like the fresh buyers coming in, was late my time(asian time), move stopped above X marked on chart, got stopped out to the pip & then went on to hit my conservative tp
Attached Image (click to enlarge)
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Simplicity is the key to success
  • #2,149
  • Jun 8, 2010 7:09am Jun 8, 2010 7:09am
Hi Sq,

I took only one trade this morning on a pair that I never trade E/Ch. BOut of a stalling level 1.385. I have a few pips and I already moved my sl to BE. I do not trust this pair !!

I am less active if compared to LJ, around 5 trades a week, may be less. At the moment I do not see anything interesting. DJ is consolidating, Oil ranging around 70. I missed the Gold/Silver move of the last two days.

I am still in the EU trade from LW and my intention is to hold it and eventually double up on any sort of retrace. I am looking at 1.21/215 to short it again.
  • #2,150
  • Jun 8, 2010 7:10am Jun 8, 2010 7:10am
Quoting squeezy
i need some serious excitement in my life, its boring
ogied, neutro ...how r u guys doing
how r ur exams coming up neutro, ogeid u there or uve gone jogging, lol
hey LJ, hurry up and come back
anyways a loss for me this week, my 1st of the week
cheers guys

edit:ooops!!! didnt explain the loss, took the pin, didnt like the fresh buyers coming in, was late my time(asian time), move stopped above X marked on chart, got stopped out to the pip & then went on to hit my conservative tp
Funny, I wanted to take the same pin you took but I gave up.
  • #2,151
  • Jun 8, 2010 7:55am Jun 8, 2010 7:55am
Quoting ogeid
Funny, I wanted to take the same pin you took but I gave up.
hey ogeid, imho ....that was a lovely pin + location with the trend and so on
its just part of the game it decided to act like it did
now in wait mode for something good
echf has been moving well since .... im waiting for a pullback
also watching gold and silver for something good.....
Simplicity is the key to success
  • #2,152
  • Jun 8, 2010 8:13am Jun 8, 2010 8:13am
Quoting squeezy
hey ogeid, imho ....that was a lovely pin + location with the trend and so on
its just part of the game it decided to act like it did
now in wait mode for something good
echf has been moving well since .... im waiting for a pullback
also watching gold and silver for something good.....
(took half off here on GU - 0.01 lots -)

I expect xxxJPY pairs to drop from here (with US indices). Also long silver 18.35, big BUOB on H4 (edit: DBLHC on H4, 1p off) and D with break of TL.

I think I'm developing a bad habit of adding into positions as I go into profit and I don't know when to stop. And one added position erases 75% of profits when it goes against me. Have to work on it...

Edit: I don't know how to make the charts look 'sharper'. Maybe it's because of the black background, but I don't like brighter backgrounds...
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  • #2,153
  • Jun 8, 2010 9:08am Jun 8, 2010 9:08am
Quoting neutro
(took half off here on GU - 0.01 lots -)

I expect xxxJPY pairs to drop from here (with US indices). Also long silver 18.35, big BUOB on H4 (edit: DBLHC on H4, 1p off) and D with break of TL.

I think I'm developing a bad habit of adding into positions as I go into profit and I don't know when to stop. And one added position erases 75% of profits when it goes against me. Have to work on it...

Edit: I don't know how to make the charts look 'sharper'. Maybe it's because of the black background, but I don't like brighter backgrounds...
nice one on the neutro, means u didnt move ur sl at all, was going to bed so had to tighten up my stop
also expect the jpy pairs to drop.....in fact waited for the to retrace to my levels but some didnt, some did, those that did....never gave me anything solid, now have to watch them before taking further actions
it seems u need to drop /reduce some of ur rules....im sure its another method(maybe p & v) u use to add to positions
play around with excel, it might probably tell u ,there's no need to want to make a killing on one trade, atleast thats what mine tells/told me
u'll end up burning urself out, anyways less is sometimes more
Simplicity is the key to success
  • #2,154
  • Jun 8, 2010 9:37am Jun 8, 2010 9:37am
Quoting squeezy
hey ogeid, imho ....that was a lovely pin + location with the trend and so on
its just part of the game it decided to act like it did
now in wait mode for something good
echf has been moving well since .... im waiting for a pullback
also watching gold and silver for something good.....
It was a great pin ! Off of 1.45 but I am happy I did not take it cause like you did I would not have bear the retrace and chickened it up.
  • #2,155
  • Jun 8, 2010 9:42am Jun 8, 2010 9:42am
Quoting neutro
:

Edit: I don't know how to make the charts look 'sharper'. Maybe it's because of the black background, but I don't like brighter backgrounds...
Try something like Off White or a shade of a pale color (green is very relaxing but it crashes against bull bars) for a while till you get used to it. I started to use brighter BGround and now I find it more easy to read IMO
  • #2,156
  • Jun 8, 2010 10:48am Jun 8, 2010 10:48am
Quoting ogeid
Try something like Off White or a shade of a pale color (green is very relaxing but it crashes against bull bars) for a while till you get used to it. I started to use brighter BGround and now I find it more easy to read IMO
I'll try and do that, see how it goes. Maybe you could show me a chart?

Got out of UJ at 91.05, still have one open (edit: actually I don't have any open, seems I closed all down there...). GU still holding (I might get out if it turns into an H1 BUOB). This was my best day ever, if I would have traded 2-3% risk it would have been a 10+% day. Alas, I have to be content with some 30 bucks.

I had that area on EG marked out a couple of weeks ago. A touch trade would have been sweet, but no confluence. Well strong support with RN and divergence should have counted as confluence.

I think I'll kill silver, it's not going nowhere. Maybe I'll tighten stop below this H1 consolidation zone. Talk about high $/pip...
  • #2,157
  • Jun 8, 2010 12:02pm Jun 8, 2010 12:02pm
Quoting neutro
I'll try and do that, see how it goes. Maybe you could show me a chart?

.
In my charts I use Light Yellow. When I post a scheme it looks really yellow but on my monitor it is almost white. Yellow is one of my favorite colors. Just pick a color that you like and make it very pale/soft.
  • #2,158
  • Jun 8, 2010 12:03pm Jun 8, 2010 12:03pm
Quoting neutro
I'll try and do that, see how it goes. Maybe you could show me a chart?

Got out of UJ at 91.05, still have one open (edit: actually I don't have any open, seems I closed all down there...). GU still holding (I might get out if it turns into an H1 BUOB). This was my best day ever, if I would have traded 2-3% risk it would have been a 10+% day. Alas, I have to be content with some 30 bucks.

I had that area on EG marked out a couple of weeks ago. A touch trade would have been sweet, but no confluence. Well strong support with RN and divergence should...
lol, forgot to post a chart.
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  • #2,159
  • Jun 8, 2010 12:05pm Jun 8, 2010 12:05pm
Got kicked out of E/Ch at BE. I knew this is a weird pair ! Just a spike and I was out.
  • #2,160
  • Jun 8, 2010 12:11pm Jun 8, 2010 12:11pm
Quoting ogeid
Got kicked out of E/Ch at BE. I knew this is a weird pair ! Just a spike and I was out.
I don't like CHF pairs one bit. Except maybe GC which moves somewhat OK, but the rest are like playing russian roulette.

I don't know that to do with the H4 BEOB on UC. It's nice engulfing a lot of that consolidation zone and getting past 1.15 but I'm not comfortable taking it.
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