Trading For Those With a 9-5 Job | Page 54 | 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

  • #1,061
  • Jun 10, 2011 6:09am Jun 10, 2011 6:09am
Quoting Olu
This pair id flagging a sell according to the rules
price is below the 100ema
stoch has turned down
price unable to go up (which is what everyone was expecting)
stoch almost turning on the weekly chart too (like to align with the bigger trend)
Doji on the weekly. A break of the doji low might be cause to ad to positions already taken

Olu


I think we are getting that line in the sand.

I would like to see a rejection from the .9900/75 area and a break of the short term uptrend line for a nice short.

Until then we wait.



good hunting,



golfer
Attached Image (click to enlarge)
Click to Enlarge Name: ucad daily.gif Size: 20 KB
  • #1,062
  • Jun 11, 2011 1:33pm Jun 11, 2011 1:33pm
Check out the state of this pair. If the stock market is going to tank then this pair is a sell. If we break support then down we go...

the 13/34 emas have crossed to the downside pitting this pair in an established downtrend. First we have 8585 to test...

the stock market might attempt to retest the 12000 area next week and this pair will go up
Attached Image (click to enlarge)
Click to Enlarge Name: audchf-weekly-11062011.jpg Size: 73 KB
If you think you can or cannot do it you are correct
  • #1,063
  • Jun 13, 2011 5:32am Jun 13, 2011 5:32am
I was foraging on the forum and came across this setup. It takes advantage of inside bars breakout failures. I have traded IBs before and you will be quids in if you can get an inside bar breakout failure that leads to a reversion to real trend.

You know those trades where you a stop order on each side of a daily inside bar - where the markets put you in in one direction only to find the market reverse on you and go the other way hard? This setup will be helpful for you to get back in the direction of the prexeisting trend. Some might use it for swing trading but I will be taking breakouts into the real trend

Olu
Attached File(s)
File Type: pdf Hikkake Set up.pdf   167 KB | 460 downloads
If you think you can or cannot do it you are correct
  • #1,064
  • Jun 13, 2011 1:08pm Jun 13, 2011 1:08pm
Also called fakey on the Trade the market website, these seems to be great for price action which am learning.
Good luck with this method
  • #1,065
  • Jun 13, 2011 3:34pm Jun 13, 2011 3:34pm
Quoting seansheep
Also called fakey on the Trade the market website, these seems to be great for price action which am learning.
Good luck with this method
You are right. Nial Fuller has some videos about the fake inside bar breakout. His videos are exceptional

Thanks for visiting the thread. Feel free to post anything that will be beneficial to 9-5 traders

Olu
If you think you can or cannot do it you are correct
  • #1,066
  • Jun 13, 2011 3:39pm Jun 13, 2011 3:39pm
For those who trade silver we have a breakout out of a triangle in the direction of the recent thread.
Fundamentally the world id fearing a slowdown. As silver is partly an industrial metal it is being sold. The weekly chart is perhaps more starkly bearish. perhaps a revisit to the recent lows os on the cards...

OLu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver-weekly-13062011-2329uk.jpg Size: 60 KB
Click to Enlarge Name: silver-daily-13062011-2327uk.jpg Size: 92 KB
If you think you can or cannot do it you are correct
  • #1,067
  • Jun 14, 2011 5:15am Jun 14, 2011 5:15am
We have to leave this baby alone for a while. We might have harvested all the low hanging fruit.

Price is showing divergence on the daily chart (uploaded)
grossly oversold as well

I was in and out shorting this one. However kudos to people like Golferfx who probably csaptured all the downmove.

I am getting better at this so there is hope...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #1,068
  • Jun 14, 2011 5:43am Jun 14, 2011 5:43am
this pair is flashing a sell to me

Price is below the 100sma
stoch has turned down
price currently testing 9710 minor support...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #1,069
  • Edited 6:57am Jun 14, 2011 6:51am | Edited 6:57am
please find uploaded a monthly chart of the above pair

The monthly chart shows a clear impulse wave down. I labelled a wave 1,2,3,4 down. Wave 4 is the current retracement and it has done an abc type retracement. If I am right we are at the start of a wave 5 down which should be impulsive to the downside. We should see new lows. This also means that something will happen fundamentally to the euro that will weaken it (but that is speculation!)

There are caveats to this. If we break 1.43xx to the upside all bets are off.
I am going to play the waiting game to see whether price can retrace a bit higher towards 1.42 and try to get short there.
Attached Image
If you think you can or cannot do it you are correct
  • #1,070
  • Jun 14, 2011 9:07am Jun 14, 2011 9:07am
Attached Image (click to enlarge)
Click to Enlarge Name: ecad monthly.gif Size: 34 KB
  • #1,071
  • Jun 14, 2011 2:30pm Jun 14, 2011 2:30pm
I traded the may and july sugar with success. Find uploaded the weekly chart of october sugar.

We might be in the makings of a H&S right side. Nothing is set in stone yet as the market can keep on going. If this forms the classic target is 15!

Why did i choose the oct contract? Because july is on its way out and this trade is a sell and hold type. Is 25 the top of the right shoulder?

By the way QE3 and a week us dollar can scupper this trade plan

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: OctSugar-weekly-14062011-2218uk.jpg Size: 70 KB
If you think you can or cannot do it you are correct
  • #1,072
  • Jun 15, 2011 9:06am Jun 15, 2011 9:06am
Great move today...
Doesnt quite qualify for the purposes of this thread though...
Attached Image
If you think you can or cannot do it you are correct
  • #1,073
  • Jun 15, 2011 10:37am Jun 15, 2011 10:37am
Quoting Olu
Great move today...
Doesnt quite qualify for the purposes of this thread though...



.....sneaky capitalist !!!



  • #1,074
  • Jun 15, 2011 11:29pm Jun 15, 2011 11:29pm
Quoting golferfx
.....sneaky capitalist !!!



Yes GolferFx. Couldnt just leave this one alone when I saw the possibilities...
Thankfully it worked out. I generally do not take intraday trades

Olu
If you think you can or cannot do it you are correct
  • #1,075
  • Jun 16, 2011 3:43am Jun 16, 2011 3:43am
She's gonna blow....

If she goes the next support is 85! Will she or wont she?

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #1,076
  • Jun 17, 2011 4:20pm Jun 17, 2011 4:20pm
After all the volatility of this week I turn my attention to possible true trades for next week. I have uploaded a weekly chart of the usdcad with the macd and the 13sma on it

Price is above the 13sma (bullish)
macd has crossed and turned up
There is the mother of all price divergence with the macd i.e price was going down but indicator was going up.
candle patterns show reversal patterns. Doji then inside candle then bullish engulfing --> Reversal. The low is probably in at 9480 or so.

Things are looking good for this pair as a long term buy (or buy and hold for a long time?) The implications of this is the following

That the us$ will gain strength i.e risk aversion
That the stock market will go down for a long time
The euro will tank i.e greece defaults etc

I am looking for a good place to buy this coming week

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-weekly-18062011.jpg Size: 89 KB
If you think you can or cannot do it you are correct
  • #1,077
  • Jun 19, 2011 4:59pm Jun 19, 2011 4:59pm
Quoting Olu
The summary of my three trades taken show no longterm-ish or endofday-ish characteristics. Although positive all three of them thankfully theoretically all three trades should still be open as the reason why I opened them in the first place still remain. In fact all each trade would have been heavily in the money if I stopped tinkering with them and left them to run as originally intended

So the lesson here is to plan the trade (which I did) and then trade the plan (which I did not)

I follow a thread - 'Equity millipede' on this forum...
Thanks For the Link Olu... http://www.forexfactory.com/showthread.php?t=245149 a worth while read.

As always sharing is best.
Bless!
  • #1,078
  • Jun 20, 2011 4:46am Jun 20, 2011 4:46am
Quoting pathumracled
Thanks For the Link Olu... http://www.forexfactory.com/showthread.php?t=245149 a worth while read.

As always sharing is best.
Bless!
Thanks Pathumracled for visiting the thread. I am all for traders helping traders. God knows I have people helping me as well
If you think you can or cannot do it you are correct
  • #1,079
  • Jun 20, 2011 6:44am Jun 20, 2011 6:44am
This pair flashed a sell according to my system. I must admit I am a $ bull but it says sell so I sold @5.2350

Olu
Attached Images
If you think you can or cannot do it you are correct
  • #1,080
  • Jun 20, 2011 6:36pm Jun 20, 2011 6:36pm
Quoting Olu
This pair flashed a sell according to my system. I must admit I am a $ bull but it says sell so I sold @5.2350

Olu
@5.2000
If you think you can or cannot do it you are correct
2 traders viewing now