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Trading For Those With a 9-5 Job

  • #3,401
  • Jan 21, 2014 6:43pm Jan 21, 2014 6:43pm
Cocoa
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If you think you can or cannot do it you are correct
  • #3,402
  • Jan 22, 2014 12:04am Jan 22, 2014 12:04am
Quoting Olu
{quote} Shame about that trade Rehab. It had prospects. However as long as you used good MM just take it as part of the business and line up for the next trade when the opportunity presents Olu

True, is shame cause the reverse pinbar formed on Monday was clear that price would revert, but teh 4H moment tircked me, I thought it would be much shallow not down till trendline! I am still bull Gold adn bearish $.
  • #3,403
  • Jan 23, 2014 2:18am Jan 23, 2014 2:18am
AudChf

There is a lot of fundamental data out today so we need to be watchful

Olu
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If you think you can or cannot do it you are correct
  • #3,404
  • Jan 23, 2014 12:06pm Jan 23, 2014 12:06pm
Quoting Olu
AudChf ... {image}

Idea is playing out nicely

Olu
If you think you can or cannot do it you are correct
  • #3,405
  • Jan 23, 2014 6:52pm Jan 23, 2014 6:52pm
Euro
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If you think you can or cannot do it you are correct
  • #3,406
  • Jan 24, 2014 7:42am Jan 24, 2014 7:42am
GOLD:

Getting interesting for the bulls with a daily close above 1267 area.
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  • #3,407
  • Jan 24, 2014 4:49pm Jan 24, 2014 4:49pm
Crude Oil

Crude oil barely budged today with all the fear and risk aversion in the markets today. China kicked off the bad news parade with bad manufacturing data. This was followed by the US poor manufacturing and housing starts data. Traders were bailing out of risk everywhere. You would have thought crude oil would fall, say $4 or something like that but that is not what happened. So if this EW interpretation is going to work we cant go over the 100 area. Even now the 'retracement' from 92 area is getting long in the tooth...

Olu
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If you think you can or cannot do it you are correct
  • #3,408
  • Jan 24, 2014 5:00pm Jan 24, 2014 5:00pm
Quoting srt
GOLD: Getting interesting for the bulls with a daily close above 1267 area. {image}
Looks like there might be more upside. We have risk aversion in play at the moment and this is good for gold

Olu
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If you think you can or cannot do it you are correct
  • #3,409
  • Jan 24, 2014 8:14pm Jan 24, 2014 8:14pm
Quoting Olu
{quote} Looks like there might be more upside. We have risk aversion in play at the moment and this is good for gold Olu {image}
Could this be a fake break? How to confirm its real or fake?
  • #3,410
  • Jan 26, 2014 3:07pm Jan 26, 2014 3:07pm
Quoting trexy123
{quote} Could this be a fake break? How to confirm its real or fake?

Hi Trexy123

Every trader has their own way. I for one like to wait for a retest and bounce of the breakout line before getting involved. Right now price has just done the breakout it is dices. By the way I have many a few trades waiting for retest that I cannot count but that is just the way it is. At the beginning nobody knows which trades are going to do a retest or keep going. Nobody knows
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If you think you can or cannot do it you are correct
  • #3,411
  • Jan 26, 2014 3:09pm Jan 26, 2014 3:09pm
Euro

We are back where we started - breakout or breakdown. I want to go with breakdown because of the preceeding down trend
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If you think you can or cannot do it you are correct
  • #3,412
  • Jan 26, 2014 3:32pm Jan 26, 2014 3:32pm
GbpJpy
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If you think you can or cannot do it you are correct
  • #3,413
  • Edited 6:16pm Jan 26, 2014 5:22pm | Edited 6:16pm
GbpUsd

Of course the market will do what it likes but bearishness is definitely showing up in this market

Olu
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If you think you can or cannot do it you are correct
  • #3,414
  • Jan 26, 2014 8:01pm Jan 26, 2014 8:01pm
olu thanks for the previous reply. how is your view on gbpnzd?
  • #3,415
  • Jan 26, 2014 8:09pm Jan 26, 2014 8:09pm
crude oil please
  • #3,416
  • Jan 26, 2014 8:17pm Jan 26, 2014 8:17pm
Quoting trexy123
olu thanks for the previous reply. how is your view on gbpnzd?
Hi Trexy123

I dont trade the gbpnzd the spread is 15 on my platform! Historically price is strong and looking for a breakout. However at the moment gbp is a bit weak so. I would not do anything yet with this pair until there is a breakout above 2.0307. Daily MACD has more room to the upside. A potential triple top/H&S might be forming as well meaning I am not going to buy into possible resistance

Olu
If you think you can or cannot do it you are correct
  • #3,417
  • Jan 27, 2014 11:55am Jan 27, 2014 11:55am
Quoting Razi89
crude oil please

Hi Razi89

Missed your post when I looked in on the thread. I am bearish crude oil as posted in post#3407. It is playing out right now. I am looking for new lows after all is said and done at least 88. But one step at a time. Will post a chart after my 9-5

Olu
If you think you can or cannot do it you are correct
  • #3,418
  • Jan 27, 2014 1:49pm Jan 27, 2014 1:49pm
Here's a few charts that may provide some insights. Gold is close to where it should be while USD/JPY and USD/CAD looks a bit rich.
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Twitter - @Jimbaloo
  • #3,419
  • Jan 27, 2014 3:51pm Jan 27, 2014 3:51pm
Crude Oil - The EW idea I am following
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If you think you can or cannot do it you are correct
  • #3,420
  • Jan 27, 2014 5:31pm Jan 27, 2014 5:31pm
Quoting Jimbaloo
Here's a few charts that may provide some insights. Gold is close to where it should be while USD/JPY and USD/CAD looks a bit rich. {image} {image} {image}
Thanks for the charts Jimbaloo. Helps put thngs in perspective. Sometimes you wonder why prices move the way they move. These correlations are important and if one has a good idea where bond yields are going for example you know usdjpy will be goind the same direction in lockstep

Thanks again

Olu
If you think you can or cannot do it you are correct
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