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Trading For Those With a 9-5 Job

  • #1,361
  • Nov 22, 2011 2:14am Nov 22, 2011 2:14am
UCad might test the breakout point (1.0300) before roaring on. We have a feeble anti-dollar rally right now...

Olu
If you think you can or cannot do it you are correct
  • #1,362
  • Nov 22, 2011 7:47am Nov 22, 2011 7:47am
Below expectations. Stock market giving away its rally...
Bonds up as well...
More fundamental data coming out soon

usdcad has cleared 1.04. Nzdusd flirting with lows @7455. Performance has not been convincing...

Olu
If you think you can or cannot do it you are correct
  • #1,363
  • Nov 23, 2011 7:39am Nov 23, 2011 7:39am
We have had the europe selloff will we have the american rebound?

BTW: The trade in nzdusd has been elected. A weekly close below 7450 would be nice...

Olu
If you think you can or cannot do it you are correct
  • #1,364
  • Nov 23, 2011 9:40am Nov 23, 2011 9:40am
Happy Thanksgiving to all 9/5r's.

Enjoy time with your family & friends.

See ya next week.



peace,



golferfx
Attached Image
  • #1,365
  • Nov 23, 2011 6:20pm Nov 23, 2011 6:20pm
Quoting golferfx
Happy Thanksgiving to all 9/5r's.

Enjoy time with your family & friends.

See ya next week.



peace,



golferfx
Thanks Golfer. Have a wonderful thanksgiving.

To all American readers and contributors to this thread I wish you a great thanksgiving day. Try and stretch it out to the whole weekend. I will be having the holiday with you - from trading that is - as there will be no liquidity

God bless

Olu
If you think you can or cannot do it you are correct
  • #1,366
  • Nov 23, 2011 8:49pm Nov 23, 2011 8:49pm
no liquidity?

respect to all those doing thanksgiving or whatever it is

but in the UK its normal days, so the trading days ahead will still be as per normal london times, and since London has the biggest pie of the financial world, i think trading is still safe volume wise
  • #1,367
  • Nov 24, 2011 7:21am Nov 24, 2011 7:21am
Quoting deankenny21
no liquidity?

respect to all those doing thanksgiving or whatever it is

but in the UK its normal days, so the trading days ahead will still be as per normal london times, and since London has the biggest pie of the financial world, i think trading is still safe volume wise
You might have a point. However many times a trade goes one way during American holidays only to ratchet back when they are back from the holidays

Yes the UK (that's us) have the biggest pie. You are right there. But check out the range of the gbpusd so far a mere 60 pips. Ona normal day this could be into 100 by now. Maybe what I should have said was 'volatility'

Olu
If you think you can or cannot do it you are correct
  • #1,368
  • Nov 25, 2011 7:35am Nov 25, 2011 7:35am
The breakout point is 0.9315 area
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,369
  • Nov 25, 2011 7:37am Nov 25, 2011 7:37am
We have broken down below the low of the doji. Seems there will be more downside ahead...

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: CrudeOilCash-Weekly-25112011-1312uk.JPG Size: 76 KB
If you think you can or cannot do it you are correct
  • #1,370
  • Nov 28, 2011 4:44am Nov 28, 2011 4:44am
Guys I have been bleating for a while that everything was either overbought or oversold and that a retracement is due. We seem to be having it today.

But, imho, be ready to sell this...A bit of fib retracement and we will be off to the races again
If you think you can or cannot do it you are correct
  • #1,371
  • Nov 28, 2011 11:17am Nov 28, 2011 11:17am
Quoting Olu
The breakout point is 0.9315 area
My opinion is, the P. 2 is too high to be 123-bottom. It will be better with min 62% retracement. Will see
  • #1,372
  • Nov 28, 2011 11:22am Nov 28, 2011 11:22am
Quoting Olu
We have broken down below the low of the doji. Seems there will be more downside ahead...

Olu
Be cautious it can be only retracement. Doji+overb/s is good if you have a range. Here we have a 1. leg of a up-move.
  • #1,373
  • Nov 28, 2011 12:16pm Nov 28, 2011 12:16pm
Thanks for your observations on the charts I posted on the thread. All your comments are well founded. The 123 setup has worked for me in the past even when it is unconventional - which is why I highlighted it.

And yes I agree with you stoch+overbought is best used in range trading. Yet again this is the basis of one of my swing systems

You always put your case forward well. Please feel free to post some of you long and short ideas on the thread.

Olu
If you think you can or cannot do it you are correct
  • #1,374
  • Nov 28, 2011 1:17pm Nov 28, 2011 1:17pm
Quoting Olu
Thanks for your observations on the charts I posted on the thread. All your comments are well founded. The 123 setup has worked for me in the past even when it is unconventional - which is why I highlighted it.

And yes I agree with you stoch+overbought is best used in range trading. Yet again this is the basis of one of my swing systems

You always put your case forward well. Please feel free to post some of you long and short ideas on the thread.

Olu
Thank you for the kind words
I follow your thread but I have not enought time to post. And if I post, that will be mostly comments that agree with your trading stile. That is your journal and your forex-way I can only try to help, if necessary.
  • #1,375
  • Nov 28, 2011 5:26pm Nov 28, 2011 5:26pm
Quoting Happy68
Thank you for the kind words
I follow your thread but I have not enought time to post. And if I post, that will be mostly comments that agree with your trading stile. That is your journal and your forex-way I can only try to help, if necessary.
Feel free to comment on any post on this thread

Olu
If you think you can or cannot do it you are correct
  • #1,376
  • Nov 28, 2011 5:55pm Nov 28, 2011 5:55pm
I am putting this trade forward again. I must say this pair is a naughty so and so to trade. We are sitting right on support at the moment

Daily Chart
Price is below the 100sma
Stoch has turned down
nice gap down on the daily (runaway?)

Weekly Chart
Again price below the 100sma
stoc firmly down
loads of red candles

The daily and weekly charts are both indicating bearishness. 1.3758 is support and is currently being tested. If broken there is nothing solid to hold this pair from travelling to 1.3400

Do your own d/d
Attached Image(s) (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,377
  • Nov 30, 2011 7:35am Nov 30, 2011 7:35am
Just cant believe what I have just seen. Massive spikes in the commodity currencies. Audusd spiked to 1.0320! Unbelievable.

Because of the worldwide economic situation I was looking for us$ strength to increase. But wham its gone the other way.

I still believe the us$ is king. So wait till the dust settles on this one. I believe the powers that be want their xmas rally

Olu
If you think you can or cannot do it you are correct
  • #1,378
  • Nov 30, 2011 8:54am Nov 30, 2011 8:54am
This latest assault on the dollar index reached the 38.2 Fib and was repelled. Is this support? or is there more downside to come? Nobody knows. I understand this intervention was a co-ordinated one. This means it carries more weight that the poxy one we get from the BOJ now and again. If we slice through then the 50% fib is the next target. It might be better if we let the dust settle today. however while I cant say for the comm currencies I am still bearish the euro...

Olu
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If you think you can or cannot do it you are correct
  • #1,379
  • Dec 2, 2011 7:00am Dec 2, 2011 7:00am
Today is a pivotal day for the US$. We have Non Farm Payroll data in about 30minutes.

I am staying out and watching. Bad data and the dollar will rise and the dollar index will rally because of flight to safety. The opposite is true as well. Are we going to break the 38.2% retracement today. It is sure being tested...

Olu
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If you think you can or cannot do it you are correct
  • #1,380
  • Dec 3, 2011 12:39pm Dec 3, 2011 12:39pm
The weekly chart is telling a story...

Olu
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
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