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Trading For Those With a 9-5 Job

  • #2,601
  • Jun 29, 2013 4:22pm Jun 29, 2013 4:22pm
Quoting AlbinaGrande
{quote} Hi Olu, I have a post that may be of interest to you. I will try not to get too far into the weeds. First to set the stage check out one of my favorite pairs, EUR/AUD, for the past 6 months. Lots and lots of pips in this latest 2000 pip run, particularly with add-ons depending on how aggressive you want to be. {image} So how to know if you have a pair ripe for a run? I start with a basic template of Majors and CFDs just to set the stage. My account is not large enough to trade the CFDs, but watching them shapes my world view. {image} And......

Hi Olu and AG

I have been thinking about just this...Trading daily charts on pairs I don't trade much. Then sticking with my main three for all else. EU,GU,and UJ .

So anyway interested in what you have to share.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,602
  • Jun 30, 2013 9:22am Jun 30, 2013 9:22am
Quoting AlbinaGrande
{quote} ..........Basically I am looking for a Weekly Turning Candle characterized by a color shift, low volatility and RSI at a likely turning point - 32,68 or 50 in the case of a Continuation reversal. I have marked a few instances to give you the idea. Best, AG
Hi Olu,

Another chart with a bit more detail. Here I show standard candles along side HA candles, but the HA candles are further smoothed to give better contrast. Remember I do NOT trade these candles directly and only use them for orientation.

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I am particularly interested in the shape of the HA candles and their pattern. I like to see good progression in slope and amplitude. Not too much of either, just the right amount. With a good Trend wicks should lead and there should not be any opposing wicks. Bilateral wicks imply a choppy market. The last Weekly HA candle and RSI suggest that a Top may be approaching, but so far we remain solidly in the Green.

Watch what happens with RSI. In general level 50 is the magic number for me on all TFs. With solid, long runs RSI will remain above 50 on the Daily and hold a strong separation from its Signal line on the Weekly.

In the HA panels you will see a MTF indi which I find particularly helpful on the Daily and lower TFs. Not so much for the Monthly because of repainting. Pull Backs can be spotted clearly and repainting is not too bothersome the lower the TF that you use.

Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #2,603
  • Jun 30, 2013 9:34am Jun 30, 2013 9:34am
Good weekend 9/5'rs,

Great idea's and comments from all who participate here.

I think what everyone is trying to say is...let's all post idea's of our strength.
Most of us are scattered around the world so charting the same pairs is kinda of redundent.

We could chart different asset classes based on Olu's trend line S & R style.

I love the commodities, so I will continue to post my idea's with alternatives to a futures contract.

Think about this and give the 9/5'rs your thoughts.


humble golfer
  • #2,604
  • Jun 30, 2013 12:35pm Jun 30, 2013 12:35pm
Quoting golferfx
Good weekend 9/5'rs, Great idea's and comments from all who participate here. I think what everyone is trying to say is...let's all post idea's of our strength. Most of us are scattered around the world so charting the same pairs is kinda of redundent. We could chart different asset classes based on Olu's trend line S & R style. I love the commodities, so I will continue to post my idea's with alternatives to a futures contract. Think about this and give the 9/5'rs your thoughts. humble golfer
Hi Golfer, I hope one day to do more with CFDs/commodities, so I am very interested in your comments. AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #2,605
  • Jun 30, 2013 3:30pm Jun 30, 2013 3:30pm
Hi All

Like you AG I was engaged by the good lady all weekend - its not what you are thinking

I have not been able to post my weekly summaries and trade intentions for the week. Thanks all your your contribution on the weekly timeframe trading. AG euraud has had a stellar upmove and there has been a lot of places to add to longs along the way to further milk the trade. For the weekly trading it mught be better to start with a pair that has a relatively smaller range like neighbouring country crosses with converging economies. Like AudNzd and EurGbp. These have smaller ranges that say GbpJpy.

I will try to catchup on my posting asap

Olu
If you think you can or cannot do it you are correct
  • #2,606
  • Jun 30, 2013 3:32pm Jun 30, 2013 3:32pm
By the way guys Monday will be the first day of the last half of the year. How was the first half year for you - body, soul and trading?

Olu
If you think you can or cannot do it you are correct
  • #2,607
  • Jun 30, 2013 3:42pm Jun 30, 2013 3:42pm
Quoting AlbinaGrande
{quote} Hi Olu, Another chart with a bit more detail. Here I show standard candles along side HA candles, but the HA candles are further smoothed to give better contrast. Remember I do NOT trade these candles directly and only use them for orientation. {image} I am particularly interested in the shape of the HA candles and their pattern. I like to see good progression in slope and amplitude. Not too much of either, just the right amount. With a good Trend wicks should lead and there should not be any opposing wicks. Bilateral wicks imply a choppy...

Hi AG

Thanks for your post and your analysis. Nice to see someone elses dashboard and trade ideas. Well done. I understand HA and see what you are doing. I also use the 9 and 21 emas and Well done AG wish you loads of pips.

Olu
If you think you can or cannot do it you are correct
  • #2,608
  • Jun 30, 2013 3:45pm Jun 30, 2013 3:45pm
Quoting golferfx
Good weekend 9/5'rs, Great idea's and comments from all who participate here. I think what everyone is trying to say is...let's all post idea's of our strength. Most of us are scattered around the world so charting the same pairs is kinda of redundent. We could chart different asset classes based on Olu's trend line S & R style. I love the commodities, so I will continue to post my idea's with alternatives to a futures contract. Think about this and give the 9/5'rs your thoughts. humble golfer
Well said Golfer. Well said. I love commodities too along with forex and will continue to post trade ideas of what is about to move imho. Well done on that gold call. Absolutely great call

Olu
If you think you can or cannot do it you are correct
  • #2,609
  • Jun 30, 2013 4:14pm Jun 30, 2013 4:14pm
Dollar Index
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If you think you can or cannot do it you are correct
  • #2,610
  • Jun 30, 2013 4:14pm Jun 30, 2013 4:14pm
Sugar
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If you think you can or cannot do it you are correct
  • #2,611
  • Jun 30, 2013 4:24pm Jun 30, 2013 4:24pm
Commodities as a whole
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If you think you can or cannot do it you are correct
  • #2,612
  • Jun 30, 2013 5:10pm Jun 30, 2013 5:10pm
UsdJpy - just thinking aloud
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If you think you can or cannot do it you are correct
  • #2,613
  • Jul 1, 2013 2:31pm Jul 1, 2013 2:31pm
GbpCad -8h chart

If you look at the chart with a 'squint' you can see the possibility of a 'H&S' pattern forming but I am just going mainly with the bear flag idea

Olu
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If you think you can or cannot do it you are correct
  • #2,614
  • Jul 2, 2013 2:47pm Jul 2, 2013 2:47pm
EurUsd
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If you think you can or cannot do it you are correct
  • #2,615
  • Jul 3, 2013 8:16am Jul 3, 2013 8:16am
Quoting Olu
UsdJpy - just thinking aloud {image}

The idea on post 2612 is still on the cards. Still too early to fully commit though,,,

Olu
If you think you can or cannot do it you are correct
  • #2,616
  • Jul 3, 2013 9:15am Jul 3, 2013 9:15am
Quoting Olu
{quote} The idea on post 2612 is still on the cards. Still too early to fully commit though,,, Olu
Hi Olu, I am currently long from 97.75 with several small, 1K, lots, looking to build a Centipede provided that the candle structure holds up. Good pips so far. A minor PB for which I am currently Hedged. Will lift the Hedge if Trend resumes. Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #2,617
  • Jul 3, 2013 9:24am Jul 3, 2013 9:24am
Quoting AlbinaGrande
{quote} Hi Olu, I am currently long from 97.75 with several small, 1K, lots, looking to build a Centipede provided that the candle structure holds up. Good pips so far. A minor PB for which I am currently Hedged. Will lift the Hedge if Trend resumes. Best, AG
Nice trade AG. I missed a trade from 97.00 area in this one. However I am looking to build that 'millipede' from lower if we go down there... Well done AG

Olu
If you think you can or cannot do it you are correct
  • #2,618
  • Jul 3, 2013 2:53pm Jul 3, 2013 2:53pm
GbpCad
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If you think you can or cannot do it you are correct
  • #2,619
  • Jul 4, 2013 6:36pm Jul 4, 2013 6:36pm
Dollar Index
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If you think you can or cannot do it you are correct
  • #2,620
  • Jul 5, 2013 8:38am Jul 5, 2013 8:38am
Natural Gas
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If you think you can or cannot do it you are correct
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