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  • #4,101
  • Apr 30, 2014 3:59pm Apr 30, 2014 3:59pm
usdcad
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If you think you can or cannot do it you are correct
  • #4,102
  • Apr 30, 2014 4:02pm Apr 30, 2014 4:02pm
Quoting Olu
Sugar {image}
I got long july sugar. Now I wait for the markets to do its thing

Olu
If you think you can or cannot do it you are correct
  • #4,103
  • Apr 30, 2014 5:40pm Apr 30, 2014 5:40pm
Olu
How are you?
Do you short the crude oil out of the bearish pin bar yesterday/
Hope you did.
If the momentum stays, she should continue south.
http://www.forexfactory.com/showthre...42#post7439642
(A free trade to me)
Cheers
  • #4,104
  • Apr 30, 2014 7:22pm Apr 30, 2014 7:22pm
Quoting tlpfx14
Olu How are you? Do you short the crude oil out of the bearish pin bar yesterday/ Hope you did. If the momentum stays, she should continue south. http://www.forexfactory.com/showthre...42#post7439642 (A free trade to me) Cheers
I did, as well as shorted gold and AU
  • #4,105
  • May 1, 2014 12:19am May 1, 2014 12:19am
Quoting srt
{quote} I sure hope so Olu. My position is getting so old it's growing mold :-) "HOPE" isn't a strategy but I'll take anything after this long.

Srt

You have a way with words. Seriously sugar seems bullish and 18.07 area will confirm this. I hope to add then

Olu
If you think you can or cannot do it you are correct
  • #4,106
  • May 1, 2014 12:22am May 1, 2014 12:22am
Quoting tlpfx14
Olu How are you? Do you short the crude oil out of the bearish pin bar yesterday/ Hope you did. If the momentum stays, she should continue south. http://www.forexfactory.com/showthre...42#post7439642 (A free trade to me) Cheers

I did not. 'cause I didnt see it I am jealous right now. However to compensate me I did short the 104 area but now wish I held it. You know how long I have been bleating about bearish crude. price is heading for 97 area at least imho. I believe I will still get a chance to get in again. Well done on the thrade. Why didnt you post the idea on the thread?

Olu
If you think you can or cannot do it you are correct
  • #4,107
  • May 1, 2014 5:05am May 1, 2014 5:05am
Quoting rehab
{quote} I did, as well as shorted gold and AU
for crude oil.

Gold: No trade on me due to the lower tails of the last 2 candles (I see a favor in long)

A/U (and N//U) are ok to trade based on candle formations like pin bars. G/U and E/U are acting not - imho
  • #4,108
  • May 1, 2014 5:08am May 1, 2014 5:08am
Quoting Olu
{quote} I did not. 'cause I didnt see it I am jealous right now. However to compensate me I did short the 104 area but now wish I held it. You know how long I have been bleating about bearish crude. price is heading for 97 area at least imho. I believe I will still get a chance to get in again. Well done on the thrade. Why didnt you post the idea on the thread? Olu
No worry, pal.

There is always a chance for re-entry (pull back), perhaps on h4 / h1.
  • #4,109
  • May 1, 2014 6:32am May 1, 2014 6:32am
Quoting tlpfx14
{quote} No worry, pal. There is always a chance for re-entry (pull back), perhaps on h4 / h1.

Well done on the trade TlpFx

olu
If you think you can or cannot do it you are correct
  • #4,110
  • May 1, 2014 6:32am May 1, 2014 6:32am
Silver


That hammer low on the weekly @1268 is seriously under pressure. If it goes we could see 1240 quickly before a meaningful bounce towards 1340 - if the massive weekly triangle idea plays out
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If you think you can or cannot do it you are correct
  • #4,111
  • May 1, 2014 10:18am May 1, 2014 10:18am
Soybeans
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If you think you can or cannot do it you are correct
  • #4,112
  • May 1, 2014 1:00pm May 1, 2014 1:00pm
Quoting Olu
Soybeans {image}
Yes, looks like you could short a rally.
I don't short the grains so I'll let someone else make the $ on the way down :-)
  • #4,113
  • May 1, 2014 11:45pm May 1, 2014 11:45pm
Quoting Olu
Silver That hammer low on the weekly @1268 is seriously under pressure. If it goes we could see 1240 quickly before a meaningful bounce towards 1340 - if the massive weekly triangle idea plays out {image}
I think so Olu, I think the bears are not yet over with gold. Letīs see the NFP today and whether or not we will brake the tail of the PB formed few days ago. (I donīt have a chart-I am travelling). On the other hand if gold holds today, I will close my short cause then the bulls will respond very well next week.
  • #4,114
  • May 2, 2014 7:13am May 2, 2014 7:13am
FXCM Dolllar Index

By the way 'Button' should have read 'Bottom' on the chart.
Attached Image
If you think you can or cannot do it you are correct
  • #4,115
  • May 2, 2014 11:55am May 2, 2014 11:55am
Quoting Olu
FXCM Dolllar Index By the way 'Button' should have read 'Bottom' on the chart. {image}
Pretty poor reaction considering the "good news" on the jobs data. I think there's much more to the dollar's move lower than the economic numbers.
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  • #4,116
  • May 2, 2014 12:43pm May 2, 2014 12:43pm
Quoting AlbinaGrande
Hi Olu, What do you think about these wedges for Wolfe Waves? As I understand it, we need to identify Point 2 as the "anchor" point, and it needs to be a very clear swing point. The other points then are built off Point 2. The completed wedge in Black gave Entry possibilities even tho Point 5 was Squishy. The current wedge in Blue, if true, is searching for Point 5 now. Point 1 was a pure guess based on congested Fractals and a possible slope to Point 3. Points 2 and 3 are more reasonable guesses with Weekly Fractals in place. In time Point 4 may...
Hi AG

I found what I would call a good WW in the eurusd 4hr chart and it appeared perfect. BTW I didnt trade it as I very much in the learning phase but I am getting better at spotting it

Olu
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If you think you can or cannot do it you are correct
  • #4,117
  • May 2, 2014 12:52pm May 2, 2014 12:52pm
Quoting srt
{quote} Pretty poor reaction considering the "good news" on the jobs data. I think there's much more to the dollar's move lower than the economic numbers. {image}

I agree with you Srt. Back to wait and see mode. it appears the ECB dont want the euro above 1.4000 though. they are jawboning it. They will probably fail in their attempts until they do something for real
If you think you can or cannot do it you are correct
  • #4,118
  • May 2, 2014 4:33pm May 2, 2014 4:33pm
Nat. Gas:

Still bullish but might wait for a little bigger pullback this time. Momentum seems to be slowing. The distance between swing highs is getting smaller so might wait for 4.57-4.60 area to get in this time. With my lack of patience though entry could be Monday :-)
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  • #4,119
  • May 2, 2014 7:52pm May 2, 2014 7:52pm
Quoting Olu
{quote} Hi AG I found what I would call a good WW in the eurusd 4hr chart and it appeared perfect. BTW I didnt trade it as I very much in the learning phase but I am getting better at spotting it Olu
Hi Olu,

Thanks for remembering me. I have a question, how did you pick Point 2? Or did you just like the look of symmetry as the pattern developed with a reasonable projection from Point 1 thru Point 4 to a Target.

Best, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #4,120
  • May 3, 2014 10:43am May 3, 2014 10:43am
Quoting AlbinaGrande
{quote} Hi Olu, Thanks for remembering me. I have a question, how did you pick Point 2? Or did you just like the look of symmetry as the pattern developed with a reasonable projection from Point 1 thru Point 4 to a Target. Best, AG
Very good question AG. I think point 2 can only be truly known when point 3 is formed. One can suspect that it is a possible point 2 especially if the pivot price action was sharp (ie price did not lust meander upwards and sideways. I had to put a paper on the scren and move it one bar at a time to see how quickly I would label it a 2. In the end it is just like when you suspect a falling wedge is being formed. The minute you see symmetry between the 1 and the 3 you are now on alert for 5. A line from 1 through the 4 peak will then give the target of the upmove if it materializes. Hope this helps

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