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  • #2,461
  • Jun 18, 2010 2:31am Jun 18, 2010 2:31am
Quoting lovejoy80
winding up...
Morning,

I am not sure about AUD but GBP and EUR are descending formations.
  • #2,462
  • Jun 18, 2010 3:11am Jun 18, 2010 3:11am
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  • #2,463
  • Jun 18, 2010 3:29am Jun 18, 2010 3:29am
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  • #2,464
  • Jun 18, 2010 3:30am Jun 18, 2010 3:30am
Quoting nasir.khan
.


I was looking for PA on lower TF...didn't get it..I'm already exposed to GU shorts from slightly lower down (swing type trades)
  • #2,465
  • Jun 18, 2010 3:32am Jun 18, 2010 3:32am
Exited E/A @ BE...it hit FTA and reversed and I just didn't like the 10 pip spread on FxPro. Exited Gold as I think it will test highs again so I'll get back in.
  • #2,466
  • Jun 18, 2010 3:35am Jun 18, 2010 3:35am
Quoting lovejoy80
Exited E/A @ BE...it hit FTA and reversed and I just didn't like the 10 pip spread on FxPro. Exited Gold as I think it will test highs again so I'll get back in.

Positive UK news = EG hit SL.

Currently have my basked of swing trades and long UC + short Oil.

Not much news around but its quadruple witchhunting day or something whatever that means and a Friday so maybe we'll get some volatility.
  • #2,467
  • Jun 18, 2010 4:10am Jun 18, 2010 4:10am
Quoting lovejoy80


I was looking for PA on lower TF...didn't get it..I'm already exposed to GU shorts from slightly lower down (swing type trades)
Stopped out on BE.
and i was expecting it cause dow still dint hit 10,500.

I think stars are getting lined up for sell off's.
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  • #2,468
  • Jun 18, 2010 4:24am Jun 18, 2010 4:24am
Quoting nasir.khan
Stopped out on BE.
and i was expecting it cause dow still dint hit 10,500.

I think stars are getting lined up for sell off's.
.
I agree...been waiting impatiently (lol) for everything to line up...had some false starts and scalped a few pips here and there on mini dow falls especially yesterday afternoon...otherwise I've been too impatient this week and should have just played the trend until we get to the confluenced areas
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  • #2,469
  • Jun 18, 2010 4:26am Jun 18, 2010 4:26am
Quoting nasir.khan
Stopped out on BE.
and i was expecting it cause dow still dint hit 10,500.

I think stars are getting lined up for sell off's.
.
I've had a 1% go on close of 4HR bar...
  • #2,470
  • Jun 18, 2010 4:35am Jun 18, 2010 4:35am
So here is a question for everyone.

If Dow drops today from 10,500.

What pair you think will drop the most?? give reason too.


.
  • #2,471
  • Jun 18, 2010 4:45am Jun 18, 2010 4:45am
Quoting nasir.khan
So here is a question for everyone.

If Dow drops today from 10,500.

What pair you think will drop the most?? give reason too.


.
In terms of pips, probably GJ In terms of actual movements, no idea Cad/J maybe? Been one of the weaker links lately. Really no clue tho.
  • #2,472
  • Jun 18, 2010 4:47am Jun 18, 2010 4:47am
Quoting lovejoy80
I agree...been waiting impatiently (lol) for everything to line up...had some false starts and scalped a few pips here and there on mini dow falls especially yesterday afternoon...otherwise I've been too impatient this week and should have just played the trend until we get to the confluenced areas
you have a crowded EU chart my friend, Just kidding lol.
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  • #2,473
  • Jun 18, 2010 4:55am Jun 18, 2010 4:55am
Quoting nasir.khan
So here is a question for everyone.

If Dow drops today from 10,500.

What pair you think will drop the most?? give reason too.


.
AUD / JPY ... commodity currencies are sold off the most when risk appetite decreases...and jpy strengthens hard against usd thus AJ or CJ are the to most obvious plays...AJ has a higher interest yield than CAD thus when risk is 'off the table' the higher interest currencies (the carry trade) and commodities are sold the hardest.
  • #2,474
  • Jun 18, 2010 5:42am Jun 18, 2010 5:42am
Equity markets turning south (apart from FTSE)...in particular Dax is heading down quite hard...The same thing happened yesterday morning before we rose harder than the fall before falling again in US session.

I've exited most of my basket shorts for profit and exited all of GU touch trade short too and apart from a few positions together with UC long I'm on sidelines until US session to see what volatility we get.

Exited oil as approaching obvious PPZ area..i'd expect a bounce from there and I'll sell again if it does.

Same with gold...I'll sell another approach to test highs.

UJ is looking like it wants to convincingly break 90.50 area later.
  • #2,475
  • Jun 18, 2010 5:45am Jun 18, 2010 5:45am
Quoting lovejoy80
Equity markets turning south (apart from FTSE)...in particular Dax is heading down quite hard...The same thing happened yesterday morning before we rose harder than the fall before falling again in US session.

I've exited most of my basket shorts for profit and exited all of GU touch trade short too and apart from a few positions together with UC long I'm on sidelines until US session to see what volatility we get.

Exited oil as approaching obvious PPZ area..i'd expect a bounce from there and I'll sell again if it does.

Same with gold...I'll...
Yeah, but if ends up as a PB it would be a nice looking pin with divergence on major PPZ.
  • #2,476
  • Jun 18, 2010 5:47am Jun 18, 2010 5:47am
Quoting lovejoy80
Equity markets turning south (apart from FTSE)...in particular Dax is heading down quite hard...The same thing happened yesterday morning before we rose harder than the fall before falling again in US session.

I've exited most of my basket shorts for profit and exited all of GU touch trade short too and apart from a few positions together with UC long I'm on sidelines until US session to see what volatility we get.

Exited oil as approaching obvious PPZ area..i'd expect a bounce from there and I'll sell again if it does.

Same with gold...I'll...
Pretty strong 1hr PA on g/u. I think we should move down to 1.4567 at least, no? What do you think?
  • #2,477
  • Jun 18, 2010 6:47am Jun 18, 2010 6:47am
Quoting Jlr
Pretty strong 1hr PA on g/u. I think we should move down to 1.4567 at least, no? What do you think?
I dont have anything?

Wow gold and silver rising.

Gotta be careful this afternoon...friday, quadruple witching (lol), world cup (germany and Us playing this afternoon) = low liquidity
  • #2,478
  • Jun 18, 2010 6:47am Jun 18, 2010 6:47am
Quoting lovejoy80
AUD / JPY ... commodity currencies are sold off the most when risk appetite decreases...and jpy strengthens hard against usd thus AJ or CJ are the to most obvious plays...AJ has a higher interest yield than CAD thus when risk is 'off the table' the higher interest currencies (the carry trade) and commodities are sold the hardest.
Yes i think it's AJ, but my reasons are technical.

I don't have knowledge of this stuff but I have started working on it and i will get my hands on "Currency Trading and Intermarket Analysis" (book)

when i'll find some time.
  • #2,479
  • Jun 18, 2010 6:48am Jun 18, 2010 6:48am
Quoting Jlr
Pretty strong 1hr PA on g/u. I think we should move down to 1.4567 at least, no? What do you think?
Be careful with CT's without Divg.


Just IMO.

P.s: Hey Jlr can you please post some of your PV trades charts. I wanna know how it worked out with you for my research.

Thanks.
  • #2,480
  • Jun 18, 2010 6:55am Jun 18, 2010 6:55am
Quoting nasir.khan
Yes i think it's AJ, but my reasons are technical.

I don't have knowledge of this stuff but I have started working on it and i will get my hands on "Currency Trading and Intermarket Analysis" (book)

when i'll find some time.
What's your technical reason? here is my 4H AJ chart...if technicals and fundamentals line up then than only be a good thing!

I'll check out that book, I only know the basics but would like to learn more.
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