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Trading For Those With a 9-5 Job

  • #2,981
  • Nov 2, 2013 12:23pm Nov 2, 2013 12:23pm
Sugar
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If you think you can or cannot do it you are correct
  • #2,982
  • Nov 2, 2013 12:36pm Nov 2, 2013 12:36pm
Bean Oil
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If you think you can or cannot do it you are correct
  • #2,983
  • Nov 2, 2013 6:35pm Nov 2, 2013 6:35pm
Olu can you share nzdusd?
  • #2,984
  • Nov 3, 2013 12:30pm Nov 3, 2013 12:30pm
Quoting trexy123
Olu can you share nzdusd?
Thanks for visiting the thread Trexy123. The technicals of nzd are similar to other commodity currencies like the aud and cad. They are currently weakening against the $. NZD even came out with some bad fundys recently so their interest rate might not be going up as originally thought. So below is my long term outlook.
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If you think you can or cannot do it you are correct
  • #2,985
  • Nov 3, 2013 1:08pm Nov 3, 2013 1:08pm
usdjpy start of trading
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If you think you can or cannot do it you are correct
  • #2,986
  • Nov 4, 2013 6:49am Nov 4, 2013 6:49am
December Cocoa

Still toying with the trend line. Although we are seeing more weakness
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If you think you can or cannot do it you are correct
  • #2,987
  • Nov 4, 2013 1:46pm Nov 4, 2013 1:46pm
Dec Bean Oil
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If you think you can or cannot do it you are correct
  • #2,988
  • Nov 4, 2013 1:56pm Nov 4, 2013 1:56pm
FXCM $ index: Will the break of the upper boundary of the down channel fails and therefore bears will get back in control? I still did not sell majors.
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  • #2,989
  • Nov 4, 2013 2:54pm Nov 4, 2013 2:54pm
Quoting rehab
FXCM $ index: Will the break of the upper boundary of the down channel fails and therefore bears will get back in control? I still did not sell majors. {image}
The usd us short term overbought and therefore I am expecting a retracement. For now though I do not expect a deep deep deep retracement back to former lows. We'll see how it goes...

Olu
If you think you can or cannot do it you are correct
  • #2,990
  • Nov 5, 2013 6:34am Nov 5, 2013 6:34am
Quoting Olu
December Cocoa Still toying with the trend line. Although we are seeing more weakness {image}

Nope Went the other way...again. I was just an click away from committing money short. While I was looking for a trend line break the market did a trend line bounce

Olu
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If you think you can or cannot do it you are correct
  • #2,991
  • Nov 5, 2013 2:05pm Nov 5, 2013 2:05pm
Still watching for a confirmed downmove in this sector index. It is the US Home Construction sector
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If you think you can or cannot do it you are correct
  • #2,992
  • Nov 5, 2013 3:56pm Nov 5, 2013 3:56pm
Quoting Olu
{quote} Nope Went the other way...again. I was just an click away from committing money short. While I was looking for a trend line break the market did a trend line bounce Olu {image}
Dangerous to short when fundamentals are so bullish even if the technicals are showing a little weakness. Cocoa has very bullish fundamentals though some is obviously in the chart already. I took a small bullish position last week.

Same with coffee. It may seem low & at times showed signs it might want to swing higher, the fundamentals are very bearish. The stockpiles are 70% higher than normal & south America just harvested another large crop.

Nice charts Olu.
  • #2,993
  • Nov 6, 2013 4:48am Nov 6, 2013 4:48am
Quoting srt
{quote} Dangerous to short when fundamentals are so bullish even if the technicals are showing a little weakness. Cocoa has very bullish fundamentals though some is obviously in the chart already. I took a small bullish position last week. Same with coffee. It may seem low & at times showed signs it might want to swing higher, the fundamentals are very bearish. The stockpiles are 70% higher than normal & south America just harvested another large crop. Nice charts Olu.

Thanks for the comments Srt. I was lucky there. that 2650 line will become significant later imho. I put up my statement so that other traders can see where I went wrong. I was stalking a fall (break) but the market was going up (bounce). We learn every day...

Olu
If you think you can or cannot do it you are correct
  • #2,994
  • Nov 6, 2013 7:10am Nov 6, 2013 7:10am
TLTs - my fundamental view
(ISHARES 20+ YEAR TREASURY BOND etf)

This etf is a representation or proxy for bonds. As this etf falls the interest yield in bonds rise.
As US yields rise:
so does the usdjpy
US real interest rates have to go up
Not good at all
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  • #2,995
  • Nov 6, 2013 3:16pm Nov 6, 2013 3:16pm
NzdUsd

The last sentence should read 'as it is now...'

Olu
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  • #2,996
  • Nov 6, 2013 3:29pm Nov 6, 2013 3:29pm
EurUsd
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  • #2,997
  • Nov 6, 2013 3:48pm Nov 6, 2013 3:48pm
Cotton

Srt

This is right up your street. I am looking for some more downside and then a big rally

Olu
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If you think you can or cannot do it you are correct
  • #2,998
  • Nov 6, 2013 3:55pm Nov 6, 2013 3:55pm
UsdJpy

Price action so far this week has been nothing to write home about. It just refused to go anywhere

Olu
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  • #2,999
  • Nov 7, 2013 12:26pm Nov 7, 2013 12:26pm
Bean Oil - more technical damage on chart
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If you think you can or cannot do it you are correct
  • #3,000
  • Nov 7, 2013 12:36pm Nov 7, 2013 12:36pm
I don't like the look of the action in cocoa after the strong move up. If support doesn't hold, probably lower prices ahead even though fundamentals are strong.

High impact grain report out tomorrow so lots of fireworks :-)
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