Trading For Those With a 9-5 Job | Page 140 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading For Those Who Have A Day Job 28 replies

Trading For Those Who Have A Day Job 0 replies

For those of you who ARE trading the Yen... 9 replies

Start Trading: Throw Those Excuses Out the Window 0 replies

Attachments: Trading For Those With a 9-5 Job
Exit Attachments

Trading For Those With a 9-5 Job

  • #2,781
  • Sep 5, 2013 1:40pm Sep 5, 2013 1:40pm
hi Olu, if gold and US$ are oposite of eachothers, then Your gold analysis is great as US$ is keeping advancing up. I have been watching gold spot (XAU/USD)on FXCM and the spread is 50, is that a regular spread or it is too high?
  • #2,782
  • Sep 5, 2013 2:29pm Sep 5, 2013 2:29pm
Quoting rehab
hi Olu, if gold and US$ are oposite of eachothers, then Your gold analysis is great as US$ is keeping advancing up. I have been watching gold spot (XAU/USD)on FXCM and the spread is 50, is that a regular spread or it is too high?

Hi Rehab

The gold cfd I trade is quoted 1367.30/1367.60 right now. This cfd is based on the december futures.

The cash is quoted 1367.13/1367.93 at the moment as well. I think because we are after hours the spread is wider.
I dont think the cfd spread can be any narower on my terminal though

Olu
If you think you can or cannot do it you are correct
  • #2,783
  • Sep 5, 2013 2:33pm Sep 5, 2013 2:33pm
Quoting rehab
hi Olu, if gold and US$ are oposite of each others...
Hi Rehab

This is usually true. However at the beginning of this Syria business the US$ appreciated and gold also appreciated as well. But going up together as a pair doesnt last very long. Hence what we see happening now.

Olu
If you think you can or cannot do it you are correct
  • #2,784
  • Sep 5, 2013 2:50pm Sep 5, 2013 2:50pm
AudUsd
Attached Image
If you think you can or cannot do it you are correct
  • #2,785
  • Sep 8, 2013 1:37pm Sep 8, 2013 1:37pm
Cad Futures
Attached Image (click to enlarge)
Click to Enlarge Name: CadFutures-dw-07092013.jpg Size: 157 KB
If you think you can or cannot do it you are correct
  • #2,786
  • Sep 8, 2013 1:47pm Sep 8, 2013 1:47pm
Dollar Index
Attached Image (click to enlarge)
Click to Enlarge Name: DollarIndex-dw-07092013.jpg Size: 151 KB
If you think you can or cannot do it you are correct
  • #2,787
  • Sep 8, 2013 1:59pm Sep 8, 2013 1:59pm
Soybean Oil
Attached Image (click to enlarge)
Click to Enlarge Name: SoybeanOil-dw-07092013.jpg Size: 153 KB
If you think you can or cannot do it you are correct
  • #2,788
  • Sep 8, 2013 11:01pm Sep 8, 2013 11:01pm
Hi Olu, I have nothing open. It is quite unclear to me the direction of the $ cause of the issue of Syria. I am scanning the charts for short term trades (a one day trade) but even that I can´t find- it is monday.
  • #2,789
  • Sep 9, 2013 6:33am Sep 9, 2013 6:33am
Quoting rehab
Hi Olu, I have nothing open. It is quite unclear to me the direction of the $ cause of the issue of Syria. I am scanning the charts for short term trades (a one day trade) but even that I can´t find- it is monday.

I know what you mean rehab.

I think atm that the 'tapering' issue is perhaps more important to the forex markets. I suppose syria issue is there as well. Lets say 60:40

Talking short term I sold the usdjpy gap up late last night. I am about to close the last bit of profit as I am still bullish usdjpy. Not my usual trading style so I put on a light position.

I am interested in cocoa, corn, canadian $ futures, sugar at the moment so I am busy monitoring these
If you think you can or cannot do it you are correct
  • #2,790
  • Sep 9, 2013 1:47pm Sep 9, 2013 1:47pm
Hi Olu: still looking for a short term trade. I sold GU: possibility of double top on daily chart. Candle formation on 4H and stochastic are supporting. Please see chart. I also bought UJ but based on the FXCM $ index momentum on 4h chart. (charts in order are: GU-1d, GU-4H, $ index)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 95 KB
Click to Enlarge Name: gu 4h.png Size: 84 KB
Click to Enlarge Name: $.png Size: 96 KB
  • #2,791
  • Sep 9, 2013 8:17pm Sep 9, 2013 8:17pm
I scratched the trades. I better wait till the daily chart of $ is clear as intraday chart is showing a possible momentum reversal.
  • #2,792
  • Sep 10, 2013 1:41pm Sep 10, 2013 1:41pm
Quoting rehab
I scratched the trades. I better wait till the daily chart of $ is clear as intraday chart is showing a possible momentum reversal.

Well done Rehab on those trades. We live to battle another day. I believe the breakout in the usdjpy is good. We had a breakout of a triangle pattern and a retest of the boundaries of the triangle and we have now taken off to the upside. Do this might be a good one.

On the $ issue I have been sitting on my hands. It has been weakening. Fundamentally:

the Syrian issue is 'fading'
there is percieved growth and recovery
Risk coming back into the markets - stock markets rallying

Al this points to a weakening dollar. I dont think the $ bashing can carry on for much longer though

Olu
If you think you can or cannot do it you are correct
  • #2,793
  • Sep 10, 2013 1:51pm Sep 10, 2013 1:51pm
Gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold-8h-10092013-2145uk.jpg Size: 79 KB
If you think you can or cannot do it you are correct
  • #2,794
  • Sep 11, 2013 12:25am Sep 11, 2013 12:25am
Quoting Olu
{quote} Well done Rehab on those trades. We live to battle another day. I believe the breakout in the usdjpy is good. We had a breakout of a triangle pattern and a retest of the boundaries of the triangle and we have now taken off to the upside. Do this might be a good one. On the $ issue I have been sitting on my hands. It has been weakening. Fundamentally: the Syrian issue is 'fading' there is percieved growth and recovery Risk coming back into the markets - stock markets rallying Al this points to a weakening dollar. I dont think the $ bashing...
According to Stochastic on Daily charts the $ is recovering, the EU is recovering too and the UJ is is hesitating around over- bought area. Such a mixed situation confuses me, I like when it is homogenized. I think the $ will show some strength (Gold is falling as you mentioned) and it is a job to pick up which pair will drop or rally alongside. I think a EU bear is the most probable trade. I thought FOMC was meeting yesterday and today to decide on the tappering but I see nothing on the calender, do you have news?
  • #2,795
  • Sep 11, 2013 12:32pm Sep 11, 2013 12:32pm
I think i was totally wrong with my analysis. here it is again the $ Us, it clearly has broken the long-term trend line. Now we need price acceptance below this line and the $ will fall for ever IMHO. I am already long EU and short UJ since the morning.
Attached Image (click to enlarge)
Click to Enlarge Name: $.png Size: 94 KB
  • #2,796
  • Sep 11, 2013 2:36pm Sep 11, 2013 2:36pm
Crude Oil
Attached Image (click to enlarge)
Click to Enlarge Name: CrudeOil-8h-11092013-2225uk.jpg Size: 107 KB
If you think you can or cannot do it you are correct
  • #2,797
  • Sep 11, 2013 2:48pm Sep 11, 2013 2:48pm
Sugar
Attached Image (click to enlarge)
Click to Enlarge Name: Sugar-daily-11092013.jpg Size: 74 KB
If you think you can or cannot do it you are correct
  • #2,798
  • Sep 11, 2013 2:51pm Sep 11, 2013 2:51pm
Quoting rehab
I think i was totally wrong with my analysis. here it is again the $ Us, it clearly has broken the long-term trend line. Now we need price acceptance below this line and the $ will fall for ever IMHO. I am already long EU and short UJ since the morning. {image}

Well done Rehab on the trades. Everything in in a bit of a flux atm imho but nimble traders like yourself are still giving it a good go. I have left things alone a bit in forex because I am looking for longer trends. Dollar is weakening atm but I feel it is too late for me to joun the party

Olu
If you think you can or cannot do it you are correct
  • #2,799
  • Sep 11, 2013 4:14pm Sep 11, 2013 4:14pm
AudNzd
Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd-8h-12092013-0010uk.jpg Size: 88 KB
If you think you can or cannot do it you are correct
  • #2,800
  • Sep 11, 2013 4:34pm Sep 11, 2013 4:34pm
Possible double bottoms in corn & coffee?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US Corn(Daily)20130911193145.png Size: 26 KB
Click to Enlarge Name: US Coffee C(Daily)20130911193302.png Size: 27 KB
1 trader viewing now