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Trading For Those With a 9-5 Job

  • #1,841
  • Edited 8:05pm Aug 26, 2012 7:54pm | Edited 8:05pm
Comments on the chart. Lots of headwinds for the euro. However we have ECB jawboning and threats as well to support it. The same signal is showing on the euraud

Olu
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Click to Enlarge Name: EurCad-daily-27082012-0145uk.jpg Size: 158 KB
If you think you can or cannot do it you are correct
  • #1,842
  • Aug 27, 2012 7:12pm Aug 27, 2012 7:12pm
Comments on the chart...

Olu
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If you think you can or cannot do it you are correct
  • #1,843
  • Aug 28, 2012 11:43am Aug 28, 2012 11:43am
Comments on the chart...

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-daily-28082012-1228uk.jpg Size: 150 KB
If you think you can or cannot do it you are correct
  • #1,844
  • Aug 29, 2012 6:33am Aug 29, 2012 6:33am
Starfucks update: It's do or die Howard.


golfer
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  • #1,845
  • Aug 29, 2012 7:07am Aug 29, 2012 7:07am
Quoting golferfx
Starfucks update: It's do or die Howard.


golfer
I was just about to post a heads up on the same subject as I have been watching it all this while. Yes it is do or die

Olu
If you think you can or cannot do it you are correct
  • #1,846
  • Aug 29, 2012 7:09am Aug 29, 2012 7:09am
Comments on the chart...

Olu
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,847
  • Aug 29, 2012 12:41pm Aug 29, 2012 12:41pm
Quoting Olu
Comments on the chart...

Olu
EurGbp is behaving as expected and is moving lower as we speak. A break of 7905 will further our cause...

Olu
If you think you can or cannot do it you are correct
  • #1,848
  • Edited 10:15am Aug 30, 2012 9:56am | Edited 10:15am
Comments on the charts...

I would consider this trade gone wrong if price goes over 96.50

Just want to add that my prayers are with the people on the american coastline areat hit by the hurricane.

Olu
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If you think you can or cannot do it you are correct
  • #1,849
  • Aug 31, 2012 8:41am Aug 31, 2012 8:41am
Today we have various reports out from the US but biggest of all we have Mr B speaking. The markets are looking for him to indicate - either in a convoluted way or straightforward way that we are having QE3.

It might be best sitting this one out and picking it up again on Monday...

Olu
If you think you can or cannot do it you are correct
  • #1,850
  • Aug 31, 2012 12:52pm Aug 31, 2012 12:52pm
Just as expected Mr B disappointed by not out-rightly saying that there will be QE. However the full text of his speech showed that it wasn't ruled out.

Now we wait for Mr D of Europe...


Olu
If you think you can or cannot do it you are correct
  • #1,851
  • Aug 31, 2012 5:02pm Aug 31, 2012 5:02pm
Comments on the chart
Have a great weekend

Olu
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If you think you can or cannot do it you are correct
  • #1,852
  • Aug 31, 2012 5:27pm Aug 31, 2012 5:27pm
Cant help but pen some things that happened to me as a trader this week.

I had a bit of time off from my 9-5 this week and was able to devote more time to build screen time. This also afforded me the opportunity to increase the timeframes I usually consider. I added the 1h to the mix of the 4h, daily, weekly and monthly. You probably noticed more posts from me.

I found things difficult and a bit of second guessing came into play. I played the Dax, GbpJpy, EurGbp and Crude Oil. The 1hr chart was gyrating like a see-saw and hasty decisions were made - only to look at the 4hr chart and see glaring errors of judgement.

In the end I reverted to a minimum of 4hr candles and doing other things in between the closing of the 4hr candles.

My summary is this: we 9-5ers have no business with timeframes less than the 4hr timeframe. In fact if a simple EOD strategy based on pure price is more than enough. Yes our stops will be larger but so will the wins when we win.

I eventually want to do this full time but the way things are going I will continue to make trading decisions based on 4hr, daily, weekly and monthly charts.

I will do some analysis and setup trades when the markets have closed during the week. I would also do more in-depth analysis over the weekends. I will start every trade with the intention to hold for as long as possible- milking the trend and holding through minor bumps along the way.

So full-time to me will be the above. I will have a lot to time to do what I want, when I want to do it while the trades are doing their own thing. No sitting in front of the screen watching 1hr candles.

It wasn't all bad I watched the dax a lot and now have a better feel for the dax. I think I am bonding ...

Olu
If you think you can or cannot do it you are correct
  • #1,853
  • Sep 1, 2012 10:54am Sep 1, 2012 10:54am
My thoughts are on the chart...

Olu
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If you think you can or cannot do it you are correct
  • #1,854
  • Sep 1, 2012 11:45am Sep 1, 2012 11:45am
Quoting Olu
Cant help but pen some things that happened to me as a trader this week.

I had a bit of time off from my 9-5 this week and was able to devote more time to build screen time. This also afforded me the opportunity to increase the timeframes I usually consider. I added the 1h to the mix of the 4h, daily, weekly and monthly. You probably noticed more posts from me.

I found things difficult and a bit of second guessing came into play. I played the Dax, GbpJpy, EurGbp and Crude Oil. The 1hr chart was gyrating like a see-saw and hasty decisions were...
hi olu,

i trade both the longer time frames and intraday timeframes from 1 minute up,ive even taken trades from a condensed 1 second chart.initially they seem very fast but in time i find myself waiting the next candle,i also use the bid/ask price for entry.

what i can say is that all time frames do exactly the same things.trend,range,consolidate,break s/r or hold.its just magnified in speed the lower you go

i am more anxious with my longer time trades because i have so much time to keep re evaluating them,whilst my short time frame trades im in and out

anyways i enjoy your market views

thanks

dice
  • #1,855
  • Sep 1, 2012 12:01pm Sep 1, 2012 12:01pm
Comments on the chart...

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #1,856
  • Sep 1, 2012 12:41pm Sep 1, 2012 12:41pm
Comments on the chart...

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE100-weekly-01092012.jpg Size: 184 KB
If you think you can or cannot do it you are correct
  • #1,857
  • Sep 3, 2012 7:44am Sep 3, 2012 7:44am
Views from JIM ROGERS...

Inserted Video


baz
  • #1,858
  • Sep 3, 2012 7:49am Sep 3, 2012 7:49am
Comments on the chart...

Olu
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #1,859
  • Sep 3, 2012 8:03am Sep 3, 2012 8:03am
Quoting baz
Views from JIM ROGERS...

http://www.youtube.com/watch?v=3G57H...em-uploademail

baz
Thanks Baz for this. He is bullish commodities and bearish stocks. Pls if you find one for Dr Doom as well pls post a link

Olu
If you think you can or cannot do it you are correct
  • #1,860
  • Sep 3, 2012 8:35am Sep 3, 2012 8:35am
Quoting Olu
Thanks Baz for this. He is bullish commodities and bearish stocks. Pls if you find one for Dr Doom as well pls post a link

Olu
lol...at present everyone ( PUBLIC ).. are DR BOOM..
I am in the UK.. but when i visit the Shopping Malls and on TV i see STADIUMS for FOOTBALL .. FULL ( of people)..and than i wonder .. is there really a Recession in the UK ???

baz
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