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  • #2,841
  • Sep 17, 2013 7:55pm Sep 17, 2013 7:55pm
Super Wednesday Super Bernanke. All world markets are waiting on this one man

Olu
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If you think you can or cannot do it you are correct
  • #2,842
  • Sep 18, 2013 12:22am Sep 18, 2013 12:22am
Olu
How about nzdusd?
  • #2,843
  • Sep 18, 2013 8:42am Sep 18, 2013 8:42am
Quoting trexy123
Olu How about nzdusd?

Hi Trexy123

I dont trade the nzd because it has a spread of 7 on my terminal so I boycotted it. I trade the audnzd though and I know that this currency is smacking everything in its path. But there will be better analysis after tonight's info release

Olu
If you think you can or cannot do it you are correct
  • #2,844
  • Sep 18, 2013 2:05pm Sep 18, 2013 2:05pm
No tapering!!!!

The stockmarket bulls are back in town
Dollar bulls (like me) run for cover or change your ways and join the $ bears
Commodities given support ( I think the fundamentals will re-assert soon though)
If you think you can or cannot do it you are correct
  • #2,845
  • Sep 18, 2013 2:14pm Sep 18, 2013 2:14pm
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}

My analysis turned to be right, and the $ moved down forever and it liked to be in the over sold area. Unofrtunatly, I got nothing from such a movement because the OB Stochastic preveted me from jumping it...What a pity!
  • #2,846
  • Sep 18, 2013 2:27pm Sep 18, 2013 2:27pm
Quoting rehab
{quote} My analysis turned to be right, and the $ moved down forever and it liked to be in the over sold area. Unofrtunatly, I got nothing from such a movement because the OB Stochastic preveted me from jumping it...What a pity!

Hi Rehab

Dont beat yourself up too much. Trading this release would have been a big gamble. In the last few weeks you have been a better predictor of $ weakness or strength. That will translate to money consistently if not today. So we battle on. I manages to close out my cride short before the crude storage figures so this upmove did not chew my account but I missed this whole upmove in crude

Today was good for me: Not because of the money I made but because of the money I didnt lose

- closed out my euro short for -5 pips
- closed out my crude oil short for a profit
- didnt sell cocoa
- dodnt sell mini soybeans


Let all this settle and we will make money. It is not the one off block buster trade that makes us traders but the daily weekly constant taking money from the markets
If you think you can or cannot do it you are correct
  • #2,847
  • Sep 19, 2013 1:13am Sep 19, 2013 1:13am
Dear Olu, I am happy that you managed to get out with an over all profit. I like very much your consistency and that you always look at the long run, while I get stuck at the details! I am watching now the $ and the crude oil. The $ will pull back iMHO, but I do not see any oppertunity to go up on majors for now except UJ (do you?), so I got long. I am short USOil because I am bearish oil. I re-entered last night with the new contract. cheers
  • #2,848
  • Sep 19, 2013 2:17am Sep 19, 2013 2:17am
Quoting rehab
Dear Olu, I am happy that you managed to get out with an over all profit. I like very much your consistency and that you always look at the long run, while I get stuck at the details! I am watching now the $ and the crude oil. The $ will pull back iMHO, but I do not see any oppertunity to go up on majors for now except UJ (do you?), so I got long. I am short USOil because I am bearish oil. I re-entered last night with the new contract. cheers
I see the logic in your trades. I am going to wait for any further reactions from the Fed speech. I am bearish crude as well but I might leave it alone for the rest of the week and look at thing over the weekend.

Now we are on opposite sides on the uj because I believe we will ultimately see 110 on this baby. We could move lower before then though but the BOJ will jawbone it if it gets uncomfortable

Olu
If you think you can or cannot do it you are correct
  • #2,849
  • Sep 19, 2013 4:08am Sep 19, 2013 4:08am
Well done Olu to be patient and to wait for the weekend..I wish I can good luck
  • #2,850
  • Edited 4:42am Sep 19, 2013 4:10am | Edited 4:42am
Quoting rehab
Well done Olu to be patient and to wait for the weekend..I wish I can good luck

Spoke too soon. I sold the gbpaud. Remember I was looking for a head and shoulder top to form

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #2,851
  • Sep 19, 2013 4:12am Sep 19, 2013 4:12am
), good to feel that I am not the only one inpatient! yes I remember very well your chart cause I told myself "Olu is really good in picking up H&S", but I am not on this trade, I am not on any crosses, even my favorite JPY corroses, I decided to strictly stick to majors in forex till I learn it. Good luck!
  • #2,852
  • Sep 19, 2013 4:47am Sep 19, 2013 4:47am
Quoting rehab
), good to feel that I am not the only one inpatient! yes I remember very well your chart cause I told myself "Olu is really good in picking up H&S", but I am not on this trade, I am not on any crosses, even my favorite JPY corroses, I decided to strictly stick to majors in forex till I learn it. Good luck!

The waiting was for crude oil mainly. I can be impaitient too though but I am getting better
If you think you can or cannot do it you are correct
  • #2,853
  • Sep 19, 2013 11:47am Sep 19, 2013 11:47am
Dollar Index - Is the selling over? The market has a funny way of dealing with shock and I will not put it past them to now start buying the $. We are back to where we were before there was a hint of tapering. So now the relative strengths of each country's economy should fundamentally dictate the strength of their currency imho
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If you think you can or cannot do it you are correct
  • #2,854
  • Sep 19, 2013 12:21pm Sep 19, 2013 12:21pm
usdjpy - up up and away?
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If you think you can or cannot do it you are correct
  • #2,855
  • Sep 19, 2013 12:34pm Sep 19, 2013 12:34pm
I donīt know if the move up of the $ is just a pullback or $ will resume the bull. I guess it is still too early to decide, not before it tests the resistance at 10,64-10,7 and then the trendline around 10,8 IMHO.
  • #2,856
  • Sep 19, 2013 5:56pm Sep 19, 2013 5:56pm
AudUsd
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If you think you can or cannot do it you are correct
  • #2,857
  • Sep 20, 2013 8:45am Sep 20, 2013 8:45am
Good morning 9/5 'rs,

Olu was hot on the cattle trade a while back which was a great move.

We are getting another shot at it again and now the chart is really getting toppy.

Huge H & S pattern and trendline break and now a big line in the sand.

Time to get ready.

Do your own DD as always.

humble golfer
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  • #2,858
  • Sep 20, 2013 8:47am Sep 20, 2013 8:47am
Quoting golferfx
Good morning 9/5 'rs, Olu was hot on the cattle trade a while back which was a great move. We are getting another shot at it again and now the chart is really getting toppy. Huge H & S pattern and trendline break and now a big line in the sand. Time to get ready. Do your own DD as always. humble golfer {image} {image}

Thanks Golfer for your chart. This will be a wonder to behold. I have been watching this one for a long time. How is everything?

Olu
If you think you can or cannot do it you are correct
  • #2,859
  • Sep 20, 2013 8:54am Sep 20, 2013 8:54am
Orange Juice
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If you think you can or cannot do it you are correct
  • #2,860
  • Sep 20, 2013 9:04pm Sep 20, 2013 9:04pm
some good traders and nice variety of instruments traded in here, I will tune in
"If The Fool persists in his Folly he will become wise." - William Blake
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