Trading For Those With a 9-5 Job | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading For Those Who Have A Day Job 28 replies

Trading For Those Who Have A Day Job 0 replies

For those of you who ARE trading the Yen... 9 replies

Start Trading: Throw Those Excuses Out the Window 0 replies

Attachments: Trading For Those With a 9-5 Job
Exit Attachments

Trading For Those With a 9-5 Job

  • #341
  • Feb 21, 2011 7:50pm Feb 21, 2011 7:50pm
thanks for your view, you are on day charts, i tend not to go higher than 240

similar sort of structure unfolding on GCh240 as with ACh
  • #342
  • Feb 21, 2011 8:16pm Feb 21, 2011 8:16pm
Quoting PeterE
thanks for your view, you are on day charts, i tend not to go higher than 240

similar sort of structure unfolding on GCh240 as with ACh
Now that I know that you use the 4h I will keep that in mind. A quick look at the 4h shows a hammer with its tail in the support zone - a reversal in play??

Stoch on the 4hr has turned up too. Risk is coming back into the market. My eurjpy is also for this reason not behaving well...
If you think you can or cannot do it you are correct
  • #343
  • Feb 21, 2011 8:32pm Feb 21, 2011 8:32pm
Quoting golferfx
Don't know much about audchf....but I like nzdchf !



golferfx
Thanks for looking in. The NzdChf I think I might have missed this one. A look at the chart is telling me that I missed the best entry around the double top on the daily @7475 area. I was hoping for a retracement to say 50% of the latest downmove but it hasnt happened yet. With the earthquake today I doubt whether it will happen and the next breakdown in price is around the 70area. Without any meaningful retracement it will be seriously oversold and therefore suceptible to a sudden and powerful rally in the other direction

Olu
If you think you can or cannot do it you are correct
  • #344
  • Feb 21, 2011 8:52pm Feb 21, 2011 8:52pm
the market loves an earthquake...........AN15

Quoting Olu
With the earthquake today

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-22_1250.png Size: 16 KB
  • #345
  • Feb 21, 2011 9:30pm Feb 21, 2011 9:30pm
Olu, i noticed your support (red) corresponds with my median lines, which is interesting to me

do you mind me asking how you calculated them?


Quoting Olu
Price is below the 100sma on the daily chart - Bearish.
Daily stoch has turned - bearish
Price running into support area (the 2 red lines)
Stoch is way oversold - may signal inability to go down hard

In short you might need to babysit this one closely
Hope this helps
.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-22_1327.png Size: 35 KB
  • #346
  • Feb 22, 2011 2:20am Feb 22, 2011 2:20am
Quoting PeterE
Olu, i noticed your support (red) corresponds with my median lines, which is interesting to me

do you mind me asking how you calculated them?

.
Just plain coincidence. I just mapped out support jones by using Golfer's 'look left' principle. I looked for areas that might be previous support/congestion zone. How do you calculate yours?

Olu
If you think you can or cannot do it you are correct
  • #347
  • Feb 22, 2011 2:52am Feb 22, 2011 2:52am
mine are auto calculated by the median line,
but i have to draw the median lines myself and place them correctly, which can be labour intensive
  • #348
  • Feb 22, 2011 6:03am Feb 22, 2011 6:03am
Shorted the eurjpy @113.0. Price went all the way down to 5 pips from TP and rallied all the way back to a manual close of +6pips @112.94


The breakdown point was 113.27 will consider whether to resell
If you think you can or cannot do it you are correct
  • #349
  • Feb 22, 2011 6:04am Feb 22, 2011 6:04am
We have lift off in this one...
If you think you can or cannot do it you are correct
  • #350
  • Feb 22, 2011 6:14am Feb 22, 2011 6:14am
Whichever way you dice this it is bearish. And its not because of the earthquake. The break of .7500 has opened a door to more downside

We are currently retesting the breakdown point @.7500 and I will be looking for an entry short at some point.

Daily weekly and monthly stoch has turned down
price below the 100sma
double top @.7800
breakdown below 7500
small candles going up big candles going down

Bearish. bearish and bearish.

Back to work...
Attached Image
If you think you can or cannot do it you are correct
  • #351
  • Feb 22, 2011 10:30am Feb 22, 2011 10:30am
Quoting Olu
Shorted the eurjpy @113.0. Price went all the way down to 5 pips from TP and rallied all the way back to a manual close of +6pips @112.94


The breakdown point was 113.27 will consider whether to resell
Re-shorted @113.69
If you think you can or cannot do it you are correct
  • #352
  • Feb 22, 2011 1:19pm Feb 22, 2011 1:19pm
never under-estimate the thumb twiddle indi

Quoting PeterE
twiddling thumbs re short 0.9545ish
.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-23_0515.png Size: 37 KB
  • #353
  • Feb 22, 2011 5:35pm Feb 22, 2011 5:35pm
Quoting PeterE
never under-estimate the thumb twiddle indi



.
Well done PeterE on this trade.
If you think you can or cannot do it you are correct
  • #354
  • Feb 22, 2011 5:37pm Feb 22, 2011 5:37pm
Quoting Olu
Re-shorted @113.69
Closed @113.05 (+64pips)
If you think you can or cannot do it you are correct
  • #355
  • Feb 22, 2011 6:13pm Feb 22, 2011 6:13pm
Quoting Olu
Closed @113.05 (+64pips)








  • #356
  • Edited 6:51pm Feb 22, 2011 6:17pm | Edited 6:51pm
thanks, and to you to

Quoting Olu
Well done PeterE on this trade.
Quoting Olu
Closed @113.05 (+64pips)
  • #357
  • Edited 1:41am Feb 23, 2011 12:26am | Edited 1:41am
got my eye on EURCAD, perhaps a buy may set-up, new highs first and my sort of close required!
anyone interested?

edit: doesnt seem to be unfolding
  • #358
  • Feb 23, 2011 2:24am Feb 23, 2011 2:24am
I like this pair. in fact it has broken out on the daily...

above the 100sma
stoch has turned up
broken out of congestion to the upside

On the 4hrly
we have breakout too
however deeply overbought hand can fall back into the channel - then that means down

I was long term bearish on this pair
Attached Image
If you think you can or cannot do it you are correct
  • #359
  • Feb 23, 2011 2:33am Feb 23, 2011 2:33am
still sitting on my hands
love to
buy eurcad
sell errgbp
sell nzdusd

dollar index is threatening a breakdown...
If you think you can or cannot do it you are correct
  • #360
  • Feb 23, 2011 5:22am Feb 23, 2011 5:22am
i have a buy at 1.3567...........

Quoting PeterE
got my eye on EURCAD, perhaps a buy may set-up, new highs first and my sort of close required!
anyone interested?

edit: doesnt seem to be unfolding
5 traders viewing now