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  • #761
  • Mar 30, 2011 7:19am Mar 30, 2011 7:19am
Heading back up again... The see-saw continues...
If you think you can or cannot do it you are correct
  • #762
  • Mar 30, 2011 8:24am Mar 30, 2011 8:24am
A weekly chart is uploaded for your consideration. Will upload a daily chart as well

On the weekly chart the trend is clearly up but we are developing topping structures - dojis. Secondly we have bearish divergence ie price is going up but the MACD is going down. Not confirming the upmove. Please note this is the weekly chart and therefore it will not turn on a dime.

Delving deeper (daily chart) the weekly dojis are now broken down into consolidation patterns and ranging patterns. However we are nearing the formation of a 123top which if confirmed targets the 1.3050 area - 500 pips away from where we are now
Attached Images
If you think you can or cannot do it you are correct
  • #763
  • Mar 30, 2011 8:29am Mar 30, 2011 8:29am
Sorry about the lines on the daily chart above. I try to keep things simple
What I was trying to do was the following

I drew a horizontal line where I thought point 2 on the 123 is

Then drew a vertical line from the highs to the line

Then I drew a duplicate line to the vertical line and dragged it to below the horizontal line to measure the target price if a break below the horizontal line was to happen

Thetre is another curved red line and that is the standard 100sma line

Hope this clarifies the chart...
If you think you can or cannot do it you are correct
  • #764
  • Mar 30, 2011 8:47am Mar 30, 2011 8:47am
I'm new to this blog and i find this discussion very interesting.
Until recently I was trading forex with forex.com and options with another broker.
Recently, I stumbled across Pair options You can check it out at the following link: http://en.wikipedia.org/wiki/Pair_options
All you have to do to earn money is choose 1 stock in a stock pair, and you can earn over 500% return in a market neutral environmental.

Does someone here know where I can trade Pair Options?
  • #765
  • Mar 30, 2011 9:32am Mar 30, 2011 9:32am
Quoting SwissTrade
I'm new to this blog and i find this discussion very interesting.
Until recently I was trading forex with forex.com and options with another broker.
Recently, I stumbled across Pair options You can check it out at the following link: http://en.wikipedia.org/wiki/Pair_options
All you have to do to earn money is choose 1 stock in a stock pair, and you can earn over 500% return in a market neutral environmental.

Does someone here know where I can trade Pair Options?
Welcome to this thread

www.stockpair.com
If you think you can or cannot do it you are correct
  • #766
  • Mar 30, 2011 9:36am Mar 30, 2011 9:36am
Behaving a bit better today
Attached Image
If you think you can or cannot do it you are correct
  • #767
  • Mar 30, 2011 10:41am Mar 30, 2011 10:41am
Quoting Olu
Behaving a bit better today
This commodity can test the patience of an angel. Its all good if we dont break out of the triangle to the upside.

Stoch is pointing down
us$ is stronger...
Attached Image
If you think you can or cannot do it you are correct
  • #768
  • Mar 30, 2011 11:36am Mar 30, 2011 11:36am
A daily chart is uploaded for your consideration

Price below the 100sma
Inverted hammer forming at resistance
Syoch has turned down
us$ weakness creeping in as stock market rallies

bearish if we close like this for the day
Attached Image
If you think you can or cannot do it you are correct
  • #769
  • Edited 3:04am Mar 31, 2011 3:02am | Edited 3:04am
Thanks Olu

I will take a look at www.stockpair.com and see what they have to offer
  • #770
  • Mar 31, 2011 6:27am Mar 31, 2011 6:27am
Quoting Olu
@3675

General euro weakness today. I believe 1.4000 is a tradable top and that we are going way down from here (actually late to the party...).

Weekly chart with my favorite MAs have not give a sell signal but when/if they do it would be time to add more to the position
Trade closed for -15 pips
If you think you can or cannot do it you are correct
  • #771
  • Mar 31, 2011 9:29am Mar 31, 2011 9:29am
Quoting Olu
A daily chart is uploaded for your consideration

Price below the 100sma
Inverted hammer forming at resistance
Syoch has turned down
us$ weakness creeping in as stock market rallies

bearish if we close like this for the day



Good call BBO.

You should do well on this one.




golfer
  • #772
  • Apr 1, 2011 2:09am Apr 1, 2011 2:09am
Big day today. I am staying well out of this one till after the release. It might be it for the week and pick everything up on monday
If you think you can or cannot do it you are correct
  • #773
  • Apr 3, 2011 3:50pm Apr 3, 2011 3:50pm
Hi All

I ended up under water this month. Funny we had a lot to tradable opportinuties in march but we had a lot of votatility as well. I usually use 100 pips for my stop but the market's volatility ranged more than 100 pips sometimes before going the way I predicted. The intervention did not help at all either. The other thing I noted was that my attempts to enter trades by limit left me missing trades and left me almost chasing trades.

Going into April now. I intend to continue trading my system. It has put me in good stead in Jan and Feb. I also intend to add an element of longer term trading to my trading. And letting profits run. Because of the increased volatility I tend to cut trades that are not going well too early even though my trading plan said hold. Also it got into my head not to look a gift horse in the mouth and take profits too early. Its all about trader psychology

I will be doing a piece on Position Trading as a friend has set me on a better path. I am currently demoing a few techniques which if ok would become part of my repotoire.

So traders and friends wish you a much better April than my march
If you think you can or cannot do it you are correct
  • #774
  • Apr 3, 2011 4:01pm Apr 3, 2011 4:01pm
Consider the chart uploaded

This pair put in a hammer on friday.
The base of the hammer touched 1.3600 support
The stoch has bottomed and is turning
price is also above the 100sma
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-daily-03042011.jpg Size: 69 KB
If you think you can or cannot do it you are correct
  • #775
  • Apr 3, 2011 4:10pm Apr 3, 2011 4:10pm
Quoting Olu
Consider the chart uploaded

This pair put in a hammer on friday.
The base of the hammer touched 1.3600 support
The stoch has bottomed and is turning
price is also above the 100sma
Hi Olu,
I am still heading south with EURAUD. Will decide in a couple of hours if I join you in turning north again.
  • #776
  • Apr 4, 2011 3:54am Apr 4, 2011 3:54am
Quoting Olu
Welcome to this thread

www.stockpair.com
This is my first time with pair options trading, so i deposited with Stockpair & opened opened a small trade.

On Friday I opened a $100 position of Coca Cola/Pepsico Pair Option , expiry time of end of the day. I chose Coca Cola to be the better performing stock, so I received $82 profit on my $100 investment.

Once I get more comfortable I will trade higher amounts.

Thanks Olu for letting me know about this Pair Options trading platform

SwissTrade
  • #777
  • Apr 4, 2011 7:09am Apr 4, 2011 7:09am
Quoting SwissTrade
This is my first time with pair options trading, so i deposited with Stockpair & opened opened a small trade.

On Friday I opened a $100 position of Coca Cola/Pepsico Pair Option , expiry time of end of the day. I chose Coca Cola to be the better performing stock, so I received $82 profit on my $100 investment.

Once I get more comfortable I will trade higher amounts.

Thanks Olu for letting me know about this Pair Options trading platform

SwissTrade
Glad to be of help. We are all here to make pips. And pips we will make
If you think you can or cannot do it you are correct
  • #778
  • Apr 4, 2011 8:45am Apr 4, 2011 8:45am
This pair has been consolidating for weeks with only small marginal moves on the D1. It has become a stop hunters dream pair. Not enough movement on the daily to warrant the risk. Eur/cad might be a better choice for the risk. It is prime for a break out, probably to the upside maybe 1.39720 level. A short could take the pair to 1.33284. Just my opinion. Right now there are 6-7 pairs in consolidation ready for breakouts as the market takes in the affects of the world conditions and has a breather. We should be able to make some real nice trades if we have the patience it takes to wait it out.
  • #779
  • Apr 4, 2011 9:38am Apr 4, 2011 9:38am
Quoting packtrain52
This pair has been consolidating for weeks with only small marginal moves on the D1. It has become a stop hunters dream pair. Not enough movement on the daily to warrant the risk. Eur/cad might be a better choice for the risk. It is prime for a break out, probably to the upside maybe 1.39720 level. A short could take the pair to 1.33284. Just my opinion. Right now there are 6-7 pairs in consolidation ready for breakouts as the market takes in the affects of the world conditions and has a breather. We should be able to make some real nice trades...
Thanks for your contribution. I am in the euraud looking for price to trade to 3850 area.I believe we are in a small wave 4 advance which could go to the 3900 area. I believe that thereafter we need to load the boat down to the 3300 area. A friend of mine that looks in on this thread will say the same thing you have said i.e wait for the big wave down.

eurgbp is in the same boat here. Looking to sell for a big wave down from 8900 area

Thanks again
If you think you can or cannot do it you are correct
  • #780
  • Apr 4, 2011 6:36pm Apr 4, 2011 6:36pm
BBO,

If you had just one bullet left;

1. What would you trade.

2. How would you determine how much to trade.

3. How would determine your risk.

4. How would you determine when to close position.



golfer
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