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Trading For Those With a 9-5 Job

  • #941
  • May 4, 2011 8:43am May 4, 2011 8:43am
Quoting golferfx
Posted this back last November in a thread on commod's.

We are getting to a level where things are going to get real interesting.

72 either holds or we bust thru to new new lows.

Plan ahead.



golfer
Houston, the us$ has a problem. 70.80 is calling...
If you think you can or cannot do it you are correct
  • #942
  • May 4, 2011 8:48am May 4, 2011 8:48am
Quoting forexcompoun
There has been a 24-120
SMA crossover to the upside. Therefore the day is expected to be bullish. When price does its 197-pip ADR to the upside, you can exit the trade. Partial profit can be taken @ 1.5265. Happy trading! Meshach.
Good call on the gbpaud, gbpcad. Excellent work

Olu
If you think you can or cannot do it you are correct
  • #943
  • May 4, 2011 12:11pm May 4, 2011 12:11pm
Quoting Olu
Good call on the gbpaud, gbpcad. Excellent work

Olu
Thanks bro.
  • #944
  • May 4, 2011 10:46pm May 4, 2011 10:46pm
Hi all,
Silver hit my supply channel's bottom. I jut bought @ 39.00 targeting 44.62 (my TP is 44.52 the extra is for my brokers, I always leave something for them to glean).
See chart attached.
Please be informed that this move is not a small move. A $5 change in silver's price is the equivalent of 2,500pips in EU,GU or any other pair with USD as it quote currency.
Happy trading!
Meshach.
Attached Image (click to enlarge)
Click to Enlarge Name: slv_timely.gif Size: 16 KB
  • #945
  • May 5, 2011 6:46am May 5, 2011 6:46am
Not trading for the rest of the week die to the amount of fundamental info being released and the volatility this could cause

Will be posting my observations though

The only trade I am in at the moment is Short July Sugar

Olu
If you think you can or cannot do it you are correct
  • #946
  • May 5, 2011 8:12am May 5, 2011 8:12am
Quoting forexcompoun
Hi all,
Silver hit my supply channel's bottom. I jut bought @ 39.00 targeting 44.62 (my TP is 44.52 the extra is for my brokers, I always leave something for them to glean).
See chart attached.
Please be informed that this move is not a small move. A $5 change in silver's price is the equivalent of 2,500pips in EU,GU or any other pair with USD as it quote currency.
Happy trading!
Meshach.
I like your call on the prescious metals move and it is a good one, since I am real conservative I will wait for the market to digest the world news and then bottom out and start to bull up. We might see it level off for a few days, or maybe a bit lower, at any rate there is plenty of time to get on board when it breaks the high of the previous daily candle.
  • #947
  • May 5, 2011 9:18am May 5, 2011 9:18am
Quoting forexcompoun
Hi all,
Silver hit my supply channel's bottom. I jut bought @ 39.00 targeting 44.62 (my TP is 44.52 the extra is for my brokers, I always leave something for them to glean).
See chart attached.
Please be informed that this move is not a small move. A $5 change in silver's price is the equivalent of 2,500pips in EU,GU or any other pair with USD as it quote currency.
Happy trading!
Meshach.
I am expecting the us$ to get a small reprieve which will be bad for commodities... However your call on gbpcad was spot on so I will keep an eye on the call

Olu
If you think you can or cannot do it you are correct
  • #948
  • May 5, 2011 9:36am May 5, 2011 9:36am
4h chart uploaded. According to T/A there could be a 300pip drop if this is not a fakeout
Attached Image
If you think you can or cannot do it you are correct
  • #949
  • May 5, 2011 9:40am May 5, 2011 9:40am
Has had a massive drop today as the ecb became dovish in its conference. So the market is unwinding the expectation in interest rate hikes.

We are tech traders though and we were being warned by the 5 dojis on the daily chart...

Olu
If you think you can or cannot do it you are correct
  • #950
  • May 5, 2011 12:12pm May 5, 2011 12:12pm
Quoting packtrain52
I like your call on the prescious metals move and it is a good one, since I am real conservative I will wait for the market to digest the world news and then bottom out and start to bull up. We might see it level off for a few days, or maybe a bit lower, at any rate there is plenty of time to get on board when it breaks the high of the previous daily candle.


Me too pack...I'm looking at $30-$33...see how it reacts around there.

Fear & greed in this trade so who knows.


good hunting bro,



golfer
  • #951
  • May 5, 2011 12:22pm May 5, 2011 12:22pm
Quoting packtrain52
I like your call on the prescious metals move and it is a good one, since I am real conservative I will wait for the market to digest the world news and then bottom out and start to bull up. We might see it level off for a few days, or maybe a bit lower, at any rate there is plenty of time to get on board when it breaks the high of the previous daily candle.
Thanks bro,
I lost 37pips on that silver trade. I'm in again though, this time at 36.36 looking for 40.00
Happy trading!
Meshach
  • #952
  • May 5, 2011 10:50pm May 5, 2011 10:50pm
Quoting forexcompoun
Thanks bro,
I lost 37pips on that silver trade. I'm in again though, this time at 36.36 looking for 40.00
Happy trading!
Meshach
Second SL hit in one day.
No more trading of this shiny metal for now.
Meshach.
  • #953
  • May 5, 2011 10:55pm May 5, 2011 10:55pm
Hi all,
after being hit twice in one day by silver, I've decided to come back to currencies.

Here's a lovely 200pips set up on USDCHF.

Sell @ 0.8700 SL 100pips TP 0.8500 (actually 0.8494 but as usual, I leave something for my broker to glean).

Enjoy the trade. Strength to the swissy!
See chart attached.
Meshach.
Attached Image (click to enlarge)
Click to Enlarge Name: swiss_bank_trading.gif Size: 21 KB
  • #954
  • May 6, 2011 4:50am May 6, 2011 4:50am
Hi all,
I would be showing us an example of sentiment trading. Its extremely easy and requires but ONE FREE indicator on the internet. There is a little twist to it anyway but the tutorials aren't so tough.
Lets make the 300pips first then we can PAY for the classes.
Sell AUDCHF @ market price (presently 1.9305) SL 100pips TP 0.9000
See chart attached.
Happy trading!
Meshach.
Attached Image (click to enlarge)
Click to Enlarge Name: sentimental_300pips.gif Size: 18 KB
  • #955
  • May 6, 2011 5:20am May 6, 2011 5:20am
Quoting forexcompoun
Hi all,
I would be showing us an example of sentiment trading. Its extremely easy and requires but ONE FREE indicator on the internet. There is a little twist to it anyway but the tutorials aren't so tough.
Lets make the 300pips first then we can PAY for the classes.
Sell AUDCHF @ market price (presently 1.9305) SL 100pips TP 0.9000
See chart attached.
Happy trading!
Meshach.
Dear Meshach,

AUDCHF @ market price (presently [b]1.9305) ???

AUDCHF current price is 0.9305 not 1.9305..........!!!!
  • #956
  • May 6, 2011 7:30am May 6, 2011 7:30am
Quoting forexcompoun
Hi all,
I would be showing us an example of sentiment trading. Its extremely easy and requires but ONE FREE indicator on the internet. There is a little twist to it anyway but the tutorials aren't so tough.
Lets make the 300pips first then we can PAY for the classes.
Sell AUDCHF @ market price (presently 1.9305) SL 100pips TP 0.9000
See chart attached.
Happy trading!
Meshach.
I am bearish on this pair but is it wise to trade this pair just before NFP?

Olu
If you think you can or cannot do it you are correct
  • #957
  • May 6, 2011 8:15am May 6, 2011 8:15am
Quoting Olu
I am bearish on this pair but is it wise to trade this pair just before NFP?

Olu
Hi,
my SL got hit but no problemo. I placed fresh short on USDCHF from 0.8791 and just TP-ied now (0.8733). I'll re-enter short when I spot a lower high.
There's also pending short for audchf @ 0.9476
Happy trading!
Meshach.
  • #958
  • May 7, 2011 10:41pm May 7, 2011 10:41pm
Hi all,
the following chart speaks volumes about USDCAD, I advise selling at market open with 70pips SL and 370pips TP.

See chart attached. Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: loonie_spot_on.gif Size: 20 KB
  • #959
  • May 8, 2011 3:20am May 8, 2011 3:20am
Quoting forexcompoun
Hi all,
the following chart speaks volumes about USDCAD, I advise selling at market open with 70pips SL and 370pips TP.

See chart attached. Happy trading!
Dear Meshach,

i always follow ur tips and signals on my own risk, and they were always Good before the past 4 5 signals all are in LOSS.

Any special reason for that ????
  • #960
  • May 8, 2011 3:47pm May 8, 2011 3:47pm
Quoting farxyun
Dear Meshach,

i always follow ur tips and signals on my own risk, and they were always Good before the past 4 5 signals all are in LOSS.

Any special reason for that ????
No special reason bro. I'm working on getting 100% wins. Many say that losses are a part of this business but I'm a different breed, I want 100% wins and I'll get it. Sorry about the losing trades. Meshach.
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