Trading For Those With a 9-5 Job

Hey Olu

13 straight bullish weeks for the Nasdaq, a WOW first quarter, is this week going to be bearish, I think so......

Is The risk on/risk off tide turning ?

We shall see what the markets tell us......

Regarding your Silver trade, sometimes we have to risk a couple of entry's to position ourselves for high multiple R trades..


JA..

Too tight J4. That is why proper money management is important. 1 or two false starts maybe then the true one

Now about the stock market. This really might be the start of something much bigger and more sinister. When those who prop up the markets cannot continue. You get messy falls. Look out below...

Olu

Comments on the charts...

Olu

The carnage in the euro and the stock market over the last few days have been severe and I think this has made them oversold in the short term.

It is the day before the holidays
NFP is out tomorrow
The carnage has been nasty

So this call for a break. Retracement today ...may not last though

Olu

Hey Olu

I have my eye on AUDCAD, maybe on its way to parity, some good CAD Data released as well.......

Have a good Easter Olu and 9-5 er's......

JA

Hi,traders! I need some help. Forex is my hobby. And as my work deals not with it I'd like no know information about forex and strategies as quick as it possible. Maybe, you can advice me good forex books?
Thanks

I agree. I posted a weekly chart in #1577. This one is a runner. China is affecting Aud big time. You too have a nice easter. We'll pick it up again Tue.

Olu

Good weekend 9/5'rs.

Olu has been talking of the eventual rise in dollar and it's effects on asset classes.

We have a interesting setup in the grains...thats inverse.

The AGA tracks the grains from the short side...and it's a double exposure.

If...and we need to be patient...the grains have seen their multi year highs and sell off...we can make money by being long this etf. Trade it like any other stock or forex pair and wait for a breakout of the channel.

Breakout of $20.00 with stoploss of $15 or so and ride it out my friends.

Just an idea,


golfer

Comments on the chart...

Olu

Find uploaded a daily chart of May Corn. I am starting to consider building short positions. We have a double top structure in place and what looks like a failed retest of the top. Check out the dojis to the right before the breakdown.

The Idea is if the dollar is going to get stronger that these commodities priced in dollars will have to drop in price to attract buyers holding foreign currencies. Furthermore the daily RSI(14) is just sitting on the 50 line (not shown on this chart)

Fundamentally we are entering the season this commodity peaks and starts it long fall (don't quote me!)

What can scupper this trade? Two things. Bad timing and QE3!

Olu

Comments on the chart...

Olu

Hey Olu,

Enforcing the Risk off environment if we get a daily close below the big 1.30

I am waiting for this one...
US$ was quite strong on friday. A bit of retracement on monday (possibly tuesday as well) and then we should be on our way again

Olu

See Chart...

We are coming into a seasonal time when prices start to weaken. Where is the best place price can start from? Right. A triple top.

Wait for confirmation. US$ strength will accelerat this descent.

Olu

Hello Olu, agree

Either way imho the euro is going down. And down very hard. 1.3000 is trying to hold and is being pounded hard this morning.

Olu

Comments on the chart...

Olu

Comments on the chart...

Olu

Comments on the chart...

Olu

Comments on the Chart

Olu