Trading For Those With a 9-5 Job

Agree 100%...3 weeks ago !!!

Just jiving you my friend.

Good call on this...we just ride it out now.



humble golfer

Well Friday wasnt too good for the us$. It was smacked down hard after consumer confidence figures were worse than expected. The candle arrowed in the chart tells it all. We had a dollar spurt when the chance of QE was dissapearing and now dollar is weakening because of weaker consumer confidence. Now techical damage has been done but the dollar can recover if we hold the fridays low.

This dollar weakness has put my short position in silver in below water and in that trade we need to hold 32.85 for the descent scenario to continue to be valid. So we wait...

Olu

Thanks for the chart Golfer. Great chart. The weekly chart always show the big picture well. And if this chart plays out silver is going waaaaaay down.

For 9-5ers reading this the best way forward is to use reduced risk so that a bigger stop can be employed. We dont want to be shaken out easily and also we want to trade as such that no technical or financial damage is done to our trading account if we are wrong. Remember we are in interesting times and only an account with adequate available balance (according to your own trade size and risk levels) will be able to take these opportunities

Olu

Find uploaded the daily , weekly and monthly chart of the audchf with comments on them. Why is this happening to the aussie. One word CHINA.

Olu

Both these metals are about to break another layer of support. This offers traders the opportunity to get on the bus to the most recent significant support
26.XX on silver and 1500 on gold. do your own d/d

Olu

Very nice setup Olu, thanks for sharing.

Nice to hear from you Heliosdz. How are you doing?



Olu

31.60 has gone. We are on our way...

Olu

Comments on the chart...

But if we break up then silver and gold will meet their targets. Then the new home for the euro will be the 1.28 area.

Olu

hy olu,
you are short on silver?

steve

Hi Steve

Yes I am short silver...

Good to hear from you SB


Olu

Find uploaded a 4h chart of the eurusd. We are showing a potential head and shoulder pattern which if it triggers and we are close to doing so, points to 1.3600. I am a dollar bull. Two days ago I was commenting that the dollar might be recovering from its recent pummelling. This pattern forming on the euro is puzzling.

However I am a technical trader as well so if this pattern triggers then I will go for it...

Olu

above 1.3300 i make a long trade.

The dollar dull in me says it might not trigger. But if it does I will take it with a smallish stop...

Olu

but i mean euro is go more down, we go under 1.3200.

hy olu!

trade you other pairs today?

What make slurpee?

steve

If the pattern fails.

There is no better trade sometimes than a failed pattern.

I am also short the audchf...

Olu

on this morning aud-chf im short too.

Good weekend 9/5'rs.

Olu has been touting yen weakness for a looong time.

My guess is you can short the yen and make money.

Your risk and pair is your own D/D




good hunting,


golfer

Hey Guys,

There might be some consolidation in the JPY ?, After, I fancy more continuation ?

If AUDJPY closes below 85.00 on the daily's it might be a different story.....

Big R's for the week..

Ja.