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  • #2,641
  • Jun 25, 2010 6:30am Jun 25, 2010 6:30am
Pending short on gold.

YM - will the TL and broken support hold as resistance...on the basis it will look for xxx/usd and xxx/jpy at resistance levels too...

Ym is at the top of a potential reversal zone...the closer we can get to 10000 the better, but I'll be looking for 'signs' that we could see a decent bounceon YM then loading up longs on FX accordingly, I'm hoping for one more down leg before an up move
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  • #2,642
  • Jun 25, 2010 6:35am Jun 25, 2010 6:35am
Quoting neutro
What do you think of this 2 charts?

Interesting, at least.
My charts are similar...we are in the reversal zone...CJ in particular was worth a touch trade lone...strong PPZ with 61 fib. I'm waiting for YM to show it's hand or for gold and oil to show their hands. I'm hoping for one leg down towards 10000 on YM before a bounce and then I'll go long. We might not get a down leg but US open will show us the way.
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  • #2,643
  • Jun 25, 2010 8:20am Jun 25, 2010 8:20am
Grabbed some pips on a YM and AJ short...got one YM position left but at BE now...final GDP news for US was worse than expected but after an initial thrust down we short back up on YM...that leads me to think either no one is bothered or that the market is turning and we'll see a move up to break the TL on YM.

Gold trade got stopped out and gold is shooting up.

To that end I've gone long EJ...we are at the bottom of the range so risking 1% with SL below 109.50 seeing if can pre-empt a move up on YM and cos of the gold move.
  • #2,644
  • Jun 25, 2010 9:02am Jun 25, 2010 9:02am
Quoting lovejoy80
Grabbed some pips on a YM and AJ short...got one YM position left but at BE now...final GDP news for US was worse than expected but after an initial thrust down we short back up on YM...that leads me to think either no one is bothered or that the market is turning and we'll see a move up to break the TL on YM.

Gold trade got stopped out and gold is shooting up.

To that end I've gone long EJ...we are at the bottom of the range so risking 1% with SL below 109.50 seeing if can pre-empt a move up on YM and cos of the gold move.
Oil on the move, gold on the move....YM to follow?
  • #2,645
  • Jun 25, 2010 10:03am Jun 25, 2010 10:03am
Another EJ long and UJ long at test of recent low with divergence.
  • #2,646
  • Jun 28, 2010 4:30am Jun 28, 2010 4:30am
Quoting lovejoy80
Another EJ long and UJ long at test of recent low with divergence.
If this doesn't go at least to 1.03, I don't know what will. UC, I've got my 2% on it.

Also short gold 1253.5, in drawdown right now.

What's happening LJ, slow Monday? Upset over the match?
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  • #2,647
  • Jun 28, 2010 4:45am Jun 28, 2010 4:45am
Quoting neutro
If this doesn't go at least to 1.03, I don't know what will. UC, I've got my 2% on it.

Also short gold 1253.5, in drawdown right now.

What's happening LJ, slow Monday? Upset over the match?
I'm not in anything right now. typical slow Monday with no news about.

Nah, tpyical England never perform on the big stage like they do for their clubs. It was one of the worst performances i've ever seen by England, I couldn't believe how they defended as a unit they were just truly awful. The disallowed goal could have made a difference as Germany scored 2 goals on the counter (and it made Blatter look like the complete fool that he is - IMO he is so out of touch with the game and just concerned with money but they deserved to win and we wouldn't have beaten Argentina anyway! Germany aren't that good IMO there defence is not great but England played like a Sunday league team...the thing that frustrates teh fans is that they perform week in week out for their clubs and play superb yet every single player was poor in the world cup.

Capello has to take some blame as the system he played was clearly wrong as everyone apart from him knew and he isn't prepared to change and adapt to different situations and for different opponents. He should definitely go.

Anyway rant over with.

Why short gold?
  • #2,648
  • Jun 28, 2010 4:55am Jun 28, 2010 4:55am
Quoting lovejoy80
I'm not in anything right now. typical slow Monday with no news about.

Nah, tpyical England never perform on the big stage like they do for their clubs. It was one of the worst performances i've ever seen by England, I couldn't believe how they defended as a unit they were just truly awful. The disallowed goal could have made a difference as Germany scored 2 goals on the counter (and it made Blatter look like the complete fool that he is - IMO he is so out of touch with the game and just concerned with money but they deserved to win and we wouldn't...
I'm not really into football. I mean I like watching the occasional Champions League big games, Euro & stuff, but that's about it, so I can't really comment on it. I'll let you do the talking.

About Gold, I don't really have a good explanation. Felt like taking a long shot on the divergence that is showing and maybe the slanted H&S, but by the way things are moving, I might get taken out at 1260.

I started the day saying to myself that I'm not going to trade, but I couldn't pass on that UC BEOB.

Also wanted to post this chart:
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  • #2,649
  • Jun 28, 2010 5:03am Jun 28, 2010 5:03am
Quoting neutro
I'm not really into football. I mean I like watching the occasional Champions League big games, Euro & stuff, but that's about it, so I can't really comment on it. I'll let you do the talking.

About Gold, I don't really have a good explanation. Felt like taking a long shot on the divergence that is showing and maybe the slanted H&S, but by the way things are moving, I might get taken out at 1260.

I started the day saying to myself that I'm not going to trade, but I couldn't pass on that UC BEOB.

Also wanted to post this chart:
i'm not keen on the UC trade, just because the %R to FTA is low and lack of momentum this morning.

I have the same chart on YM...watch for 10160-70 as 4HR PPZ though and then next target would be 10250 daily PPZ for me. We have a daily pin so a break of this are could be a way of getting into the pin with smaller stop
  • #2,650
  • Jun 28, 2010 5:24am Jun 28, 2010 5:24am
Quoting lovejoy80
I'm not in anything right now. typical slow Monday with no news about.

Nah, tpyical England never perform on the big stage like they do for their clubs. It was one of the worst performances i've ever seen by England, I couldn't believe how they defended as a unit they were just truly awful. The disallowed goal could have made a difference as Germany scored 2 goals on the counter (and it made Blatter look like the complete fool that he is - IMO he is so out of touch with the game and just concerned with money but they deserved to win and we wouldn't...
I agree with you Mark,England doesn't play very well the hole world cup.Again the same thing.Players just don't play the same what they play in clubs.England just still don't have right manager to manage these guys.
Anyway we play with Holland today and will be good experience for those young boys we don't have quality go to win only try to play the best what we can at the moment.
  • #2,651
  • Jun 28, 2010 5:52am Jun 28, 2010 5:52am
Quoting lovejoy80
i'm not keen on the UC trade, just because the %R to FTA is low and lack of momentum this morning.

I have the same chart on YM...watch for 10160-70 as 4HR PPZ though and then next target would be 10250 daily PPZ for me. We have a daily pin so a break of this are could be a way of getting into the pin with smaller stop
Well, guess what... I exited at 1259.3.. Talk about exiting and the market reversing.
  • #2,652
  • Jun 28, 2010 8:50am Jun 28, 2010 8:50am
Quoting neutro
I'm not really into football. I mean I like watching the occasional Champions League big games, Euro & stuff, but that's about it, so I can't really comment on it. I'll let you do the talking.

About Gold, I don't really have a good explanation. Felt like taking a long shot on the divergence that is showing and maybe the slanted H&S, but by the way things are moving, I might get taken out at 1260.

I started the day saying to myself that I'm not going to trade, but I couldn't pass on that UC BEOB.

Also wanted to post this chart:
Guess not.
  • #2,653
  • Jun 28, 2010 9:55am Jun 28, 2010 9:55am
Quoting Fxfighter
I agree with you Mark,England doesn't play very well the hole world cup.Again the same thing.Players just don't play the same what they play in clubs.England just still don't have right manager to manage these guys.
Anyway we play with Holland today and will be good experience for those young boys we don't have quality go to win only try to play the best what we can at the moment.
Everyone was saying England need to play 4-5-1 formation with rooney up front by himself as that's how he plays at united and that's the system Chelsea play. england can't play 4-4-2 against the big clubs as lampard and gerrard dont defend and Barry is no international holding player...he hasnt got a hard tackle in him and hes not a proflic passer...and that is what a holding player need to be. It was still shocking the way they defended it was embarrassing. It's a shame as we all know what those players are capable off I mean Rooney was so poor and he didn't even look up for it like he does for United. I thought Capello was a really good manager but now I don't think so. His tactics were wrong and the couldn't get the best out of the players so he's got to go.

Not the best first half for Slovenia but only 1-0 and Holland are culpable to self-destructing...

No trades for me today. I reckon Monday's are the new Fridays i.e. no trade days...just so dull! There is a severe lack of trading opportunities lately, I'm starting to do some searching and research into lower time frames i.e. 5mins and and 1min scalping methods as if the market continues the way it has over the last 6 weeks then I'll need to find another way to keep the account rising.
  • #2,654
  • Jun 28, 2010 9:58am Jun 28, 2010 9:58am
Quoting lovejoy80
Everyone was saying England need to play 4-5-1 formation with rooney up front by himself as that's how he plays at united and that's the system Chelsea play. england can't play 4-4-2 against the big clubs as lampard and gerrard dont defend and Barry is no international holding player...he hasnt got a hard tackle in him and hes not a proflic passer...and that is what a holding player need to be. It was still shocking the way they defended it was embarrassing. It's a shame as we all know what those players are capable off I mean Rooney was so poor...
Okay maybe not all markets...just looked at gold and nearly fell off my chair...I was waiting for a double top and a lower time frame PA with divergence but we never got there. That was one impulsive sell off there!
  • #2,655
  • Jun 28, 2010 10:35am Jun 28, 2010 10:35am
Quoting lovejoy80
I'm not in anything right now. typical slow Monday with no news about.

Nah, tpyical England never perform on the big stage like they do for their clubs. It was one of the worst performances i've ever seen by England, I couldn't believe how they defended as a unit they were just truly awful. The disallowed goal could have made a difference as Germany scored 2 goals on the counter (and it made Blatter look like the complete fool that he is - IMO he is so out of touch with the game and just concerned with money but they deserved to win and we wouldn't...
If this goal would have been assigned than we would have seen a complete different match. Unbelievable ! I hope this is the last year without electronic aids like in all other sports.
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  • #2,656
  • Jun 28, 2010 10:44am Jun 28, 2010 10:44am
Quoting lovejoy80
Everyone was saying England need to play 4-5-1 formation with rooney up front by himself as that's how he plays at united and that's the system Chelsea play. england can't play 4-4-2 against the big clubs as lampard and gerrard dont defend and Barry is no international holding player...he hasnt got a hard tackle in him and hes not a proflic passer...and that is what a holding player need to be. It was still shocking the way they defended it was embarrassing. It's a shame as we all know what those players are capable off I mean Rooney was so poor...
hhe that slovakia)anyway doesn't matter very boring game.
  • #2,657
  • Jun 28, 2010 12:07pm Jun 28, 2010 12:07pm
Oke whe did it next will be Brasil if they win.

That's gonna be a though 1 but hope whe meet germany in the finals payback time

Inserted Video
  • #2,658
  • Jun 28, 2010 12:10pm Jun 28, 2010 12:10pm
Are the current 1.228-1.23 EUR/USD levels interesting to you at all LJ?

Long, of course...

http://i24.photobucket.com/albums/c2...eulong0628.jpg
  • #2,659
  • Jun 28, 2010 12:29pm Jun 28, 2010 12:29pm
Quoting sam0182
Are the current 1.228-1.23 EUR/USD levels interesting to you at all LJ?

Long, of course...

http://i24.photobucket.com/albums/c2...eulong0628.jpg
I like the channel and the fib + PPZ area we are in (though the ppz is not a great one) but I don't like the strength / momentum of the down move i.e. 4 previous bearish bars and I don't like dax and dow futures...if they were at support or had broken above the TL on dax and the tight range on dow then I'd be in.

I'll sit on my hands for this one...though if around I'll probably take a small long trade near 1.2250 if we get there.
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  • #2,660
  • Jun 28, 2010 12:33pm Jun 28, 2010 12:33pm
Quoting lovejoy80
I like the channel and the fib + PPZ area we are in (though the ppz is not a great one) but I don't like the strength / momentum of the down move i.e. 4 previous bearish bars and I don't like dax and dow futures...if they were at support or had broken above the TL on dax and the tight range on dow then I'd be in.

I'll sit on my hands for this one...though if around I'll probably take a small long trade near 1.2250 if we get there.
.
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