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Trading For Those With a 9-5 Job

  • #3,301
  • Dec 12, 2013 11:54am Dec 12, 2013 11:54am
Quoting trexy123
Just sold DOW target 15600, what do you guys think ?
Could be just an area for a stall or could be and area for long? Possible abcd on daily.
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  • #3,302
  • Dec 12, 2013 12:11pm Dec 12, 2013 12:11pm
Quoting trexy123
Just sold DOW target 15600, what do you guys think ?
T
i think price will get there and beyond. It appears we are in a bearish phase now
i am expecting a retrracement though
If you think you can or cannot do it you are correct
  • #3,303
  • Dec 12, 2013 2:08pm Dec 12, 2013 2:08pm
Dow30
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If you think you can or cannot do it you are correct
  • #3,304
  • Dec 12, 2013 6:24pm Dec 12, 2013 6:24pm
Quoting Olu
Dow30 {image}
Where's your stop?
  • #3,305
  • Dec 13, 2013 9:08am Dec 13, 2013 9:08am
Dow30
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If you think you can or cannot do it you are correct
  • #3,306
  • Dec 13, 2013 9:10am Dec 13, 2013 9:10am
Quoting trexy123
{quote} Where's your stop?

My stop was at 15800 initially Trexy123. Market is trying to put in some weekend strength and I might take the trade off

olu
If you think you can or cannot do it you are correct
  • #3,307
  • Dec 13, 2013 9:19am Dec 13, 2013 9:19am
Olu i am thinking of buying US oil at 95.25. what do you think?
  • #3,308
  • Dec 13, 2013 9:30am Dec 13, 2013 9:30am
gbpjpy h4, is this the correct way to draw trendline?
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  • #3,309
  • Dec 13, 2013 10:24am Dec 13, 2013 10:24am
Quoting trexy123
Olu i am thinking of buying US oil at 95.25. what do you think?
I am really bearish Crude oil. I am thinking new lows.

Olu
If you think you can or cannot do it you are correct
  • #3,310
  • Dec 13, 2013 11:00am Dec 13, 2013 11:00am
Quoting lazyboy
Long gold. not trading via mt4 but using it to show trades. {image}
Taken partial profits after todays up move.
  • #3,311
  • Dec 13, 2013 11:19am Dec 13, 2013 11:19am
Quoting Olu
{quote} I am really bearish Crude oil. I am thinking new lows. Olu
Will be checking h4 at these two daily levels, whilst weekly does look weak there might be enough strength around here to get a trade out.
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  • #3,312
  • Dec 13, 2013 11:50am Dec 13, 2013 11:50am
What do you guys think about gbpchf?. I am considering selling it looking for 1.4000

Olu
If you think you can or cannot do it you are correct
  • #3,313
  • Edited Dec 14, 2013 6:06am Dec 13, 2013 7:22pm | Edited Dec 14, 2013 6:06am
Quoting Olu
What do you guys think about gbpchf?. I am considering selling it looking for 1.4000 Olu
Olu, that's a tough one. I usually don't even look at the crosses unless it's a Yen cross. Charts are usually pretty ugly since you have to pay more attention to each currency vs. USD rather than the pair you're wanting to trade.
So for your GDPCHF trade, I'd try to evaluate the GDPUSD pair & the USDCHF pair. You'd be selling both pairs for your trade to work.
For GU, we're at a pretty tough support area that price recently broke above so it needs to break below this area.
For UC, it may have room down to the .85-.86 area from .89 on weekly but not the best looking chart.

Also, since CHF is pegged to the EUR, you might as well trade EURGBP since you probably get a lower spread with that pair. You'd be buying EURGBP rather than selling GBPCHF.

Did I complicate your simple question enough :-)
Sorry, I don't have a strong feeling either way.
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  • #3,314
  • Dec 13, 2013 7:26pm Dec 13, 2013 7:26pm
Coffee:

Finally broke out of the 106-112 range.
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  • #3,315
  • Dec 13, 2013 7:45pm Dec 13, 2013 7:45pm
Quoting lazyboy
{quote} Will be checking h4 at these two daily levels, whilst weekly does look weak there might be enough strength around here to get a trade out. {image}
Oil:



On the 4H finally broke out of the area I've been watching. On the daily might have room down to 95.6 for first bounce then 93.80.
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  • #3,316
  • Dec 14, 2013 11:45am Dec 14, 2013 11:45am
Dollar Index
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If you think you can or cannot do it you are correct
  • #3,317
  • Dec 14, 2013 11:57am Dec 14, 2013 11:57am
My EW thoughts on crude oil.

As long as that recent high is not taken out I am bearish
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If you think you can or cannot do it you are correct
  • #3,318
  • Dec 14, 2013 12:16pm Dec 14, 2013 12:16pm
Quoting srt
{quote} Olu, that's a tough one. I usually don't even look at the crosses unless it's a Yen cross. Charts are usually pretty ugly since you have to pay more attention to each currency vs. USD rather than the pair you're wanting to trade. So for your GDPCHF trade, I'd try to evaluate the GDPUSD pair & the USDCHF pair. You'd be selling both pairs for your trade to work. For GU, we're at a pretty tough support area that price recently broke above so it needs to break below this area. For UC, it may have room down to the .85-.86 area from .89 on weekly...
Srt

Thanks for your thoughts on the gbpchf. My thoughts are below. It is slightly influenced by EW theory but the weekly chart just shows a breakdown from converging prices
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If you think you can or cannot do it you are correct
  • #3,319
  • Dec 14, 2013 1:46pm Dec 14, 2013 1:46pm
Quoting Olu
Dollar Index {image} {image}
Nice charts Olu, with you on that one for sure.
  • #3,320
  • Dec 14, 2013 7:17pm Dec 14, 2013 7:17pm
Quoting lazyboy
{quote} Nice charts Olu, with you on that one for sure.

Thanks LB for your commentsl Let's see what price action will do. Come on $ you know you want to go up...
Olu
If you think you can or cannot do it you are correct
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