DislikedFed Officials Said Recovery Insufficient to Alter QE2
http://www.bloomberg.com/news/2011-0...-qe2-size.html
dollar might rallyIgnored
@pawpaw1000 on Twitter
- #358,181
- Jan 4, 2011 5:12pm Jan 4, 2011 5:12pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #358,183
- Jan 4, 2011 5:12pm Jan 4, 2011 5:12pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
Wish we could get some consistency on these bloody daily candles...
Green candles making lower highs and lower lows, red candles making high highs and higher lows...
Pleh. I may close out my current position, although if things are going like they are going... apparently higher highs = bear this week.
Green candles making lower highs and lower lows, red candles making high highs and higher lows...
Pleh. I may close out my current position, although if things are going like they are going... apparently higher highs = bear this week.
- #358,184
- Jan 4, 2011 5:15pm Jan 4, 2011 5:15pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Green on all trades, waiting to go BE before I hit the sack
Good Luck All...
Add this to the Gold chart and all the rest of the jargon I spat out and you get a solid trade! only question, is my S/L big enough in this stupid market?
got 1 to be, 1 -13 and another -25 (aud)
@pawpaw1000 on Twitter
- #358,185
- Jan 4, 2011 5:16pm Jan 4, 2011 5:16pm
Wish we could get some consistency on these bloody daily candles...
Green candles making lower highs and lower lows, red candles making high highs and higher lows...
Pleh. I may close out my current position, although if things are going like they are going... apparently higher highs = bear this week.
"Your Best trade is a loss with minimum risk"
- #358,186
- Jan 4, 2011 5:19pm Jan 4, 2011 5:19pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #358,188
- Jan 4, 2011 5:21pm Jan 4, 2011 5:21pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
That's it, we are in an accumulation phase. Waiting and watching to see what forms is the only way to go right now, unless you are a scalper and can handle the low probability setups available right now. I have 3 possible ranges to form here, none of them confirmed yet.
Lets wait.
Zigzag might give us a bounce or a breakout. Well, that reverse triangle below could well put us in an ascending range.. But lets wait for a confirmation first.
No prediction- only reaction
Long entry point is designated as a potential TRENDLINE trading setup where we enter app. 5 pips above last swing in the direction of maintrend supported by a major trendline. That is TRENDLINE PA trading.
We could see a bounce or a drop. There is no range trading in this setup.
- #358,193
- Jan 4, 2011 5:27pm Jan 4, 2011 5:27pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
I take it that playing the longer term swings is working out well for you Venice...
A lot more relaxed... my entries, however, are absolutely horrible. Took a 100 pip draw down, but now I am +141.
I am not really sure what to make out of these daily candles as well. Lots of conflicting information to my eyes. My biggest problem is I don't know how to enter/exit correctly. The swings on the daily can be quite immense and I may give up 100 pips just for a candle to say to me 'time to exit'. I end up getting small piece of the pie... ie last week during the bull rally... took in 120 pips of that, over 3 days. Barly 1/3 of the full drive.
I wish I was better at this... haha... their is a lot of things going on in a 24 hour period though. Then this week I had to sit through a 100 pip draw down... I almost always get the correct direction, but like I said... entry and exists...
Edit: and because of those bad entries/exists, it forces me to stay at a very underleveraged spot (which is good); I need lots of room to breathe.
- #358,194
- Jan 4, 2011 5:31pm Jan 4, 2011 5:31pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
kk, i'm silent
it actually goes out to you and driver, you know that?
driver pointed in the direction of 3421, i had a fib-extension at 3446 and you showed me how to draw the resistances correctly. if it wasn't for theresistance there, i'd exited this one already for ~40 pips or so.
those who can, do. those who cant, talk about those who can
- #358,196
- Jan 4, 2011 5:33pm Jan 4, 2011 5:33pm
- Joined Apr 2010 | Status: Trader | 13,228 Posts
Yeah; I have to do the 'work' thing, so I trade off the daily until I can free myself from the 'man'
A lot more relaxed... my entries, however, are absolutely horrible. Took a 100 pip draw down, but now I am +141.
I am not really sure what to make out of these daily candles as well. Lots of conflicting information to my eyes. My biggest problem is I don't know how to exit correctly. The swings on the daily can be quite immense and I may give up 100 pips just for a candle to say to me 'time to exit'.
I wish I was better at this... haha......
Agree, the bars are pretty messy of late, we're in consolidation, accumulation or possibly redistribution, personally I favour the former but am expecting it to retest 29xx first for a bog standard market shakeout...
Maybe identify your exit ahead of entering, if you're using long term charts (just a suggestion)...
- #358,197
- Jan 4, 2011 5:35pm Jan 4, 2011 5:35pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #358,198
- Jan 4, 2011 5:35pm Jan 4, 2011 5:35pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #358,199
- Jan 4, 2011 5:36pm Jan 4, 2011 5:36pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #358,200
- Jan 4, 2011 5:37pm Jan 4, 2011 5:37pm
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
Wouldn't that be bad for Dollar? Diluting the amount of already existing Dollars?