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Trading For Those With a 9-5 Job

  • #4,341
  • Edited 6:06pm May 20, 2014 5:40pm | Edited 6:06pm
Quoting Boy Wonder
USDCAD update: very tentative breakout at the close of NY trading. Will be watching over the next 24 hrs to see if this holds. {image}
Thanks for the chart. I didnt even see the broken downtrend line on the forex chartat all. Below is my take on it. The first chart is the forex chart and the second one is the cad futures
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CadFutures-daily-21052014-0000uk.jpg Size: 53 KB
If you think you can or cannot do it you are correct
  • #4,342
  • May 20, 2014 6:11pm May 20, 2014 6:11pm
Soybean Meal - I track this because I trade soybeans

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: SoybeanMeal-daily-20052014.jpg Size: 53 KB
If you think you can or cannot do it you are correct
  • #4,343
  • May 20, 2014 6:20pm May 20, 2014 6:20pm
Quoting rehab
{quote} yes-let´watch and see. good luck Olu, even if it goes against me: this how true friends are (I pray it goes south .....)

Hi Rehab

Price did not break the 3730 area as I thought it would. It practically oscillated in a tight range which is not common with the eurusd. So your trade idea is working more than mine

Olu
If you think you can or cannot do it you are correct
  • #4,344
  • May 20, 2014 6:41pm May 20, 2014 6:41pm
Quoting Olu
{quote} BW I am glad to tell you that I am short copper Olu
Well I hope it works mate. I added another contract short today based on lack of follow-through from that probe higher.
FOMC minutes tomorrow. Feels like there's a lot of bearishness around, and I wouldn't be surprised if they use the minutes as an excuse for a risk-on rally, so equities, copper etc. might find a bid tomorrow. Maybe the dollar might get spanked a bit too e.g. EUR/USD might get bid back up towards 3750/3800. So there might be some opportunities to fade such a rally at the very end of the day. Just a thought.
I have no clue what I'm talking about.
  • #4,345
  • May 20, 2014 6:49pm May 20, 2014 6:49pm
Quoting Boy Wonder
{quote} Well I hope it works mate. I added another contract short today based on lack of follow-through from that probe higher. FOMC minutes tomorrow. Feels like there's a lot of bearishness around, and I wouldn't be surprised if they use the minutes as an excuse for a risk-on rally, so equities, copper etc. might find a bid tomorrow. Maybe the dollar might get spanked a bit too e.g. EUR/USD might get bid back up towards 3750/3800. So there might be some opportunities to fade such a rally at the very end of the day. Just a thought.

I will be closing at some point before the meeting. I dont like the spikes the minutes generate. However I will sell way higher after the meting if price goes higher towards 3.1800 area.

About the possibility of some risk on scenario tomorrow and the possibility of the euro going higher ti wont surprise me. I put up a chart of the inverse H&S in the euro on the 2h chart earlier. We'll see how this plays out

Olu
If you think you can or cannot do it you are correct
  • #4,346
  • May 20, 2014 6:53pm May 20, 2014 6:53pm
usdchf - some downside is possible
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-8h-21042014-0042uk.jpg Size: 101 KB
If you think you can or cannot do it you are correct
  • #4,347
  • May 20, 2014 7:20pm May 20, 2014 7:20pm
Quoting Olu
Soybean Meal - I track this because I trade soybeans Olu {image}
Hi Olu
You don't use MT4 but insidefutures as seen in your charts.
Actually I like commodities like coffee, soybean ++
But they are not in MT4 like GoMarkets.
Any comment on insidefutures?
Price wise? Amount initial funding? System / chart stability? Customer service?
Thanks for your time.
Cheers
  • #4,348
  • May 21, 2014 2:14am May 21, 2014 2:14am
Quoting tlpfx14
{quote} Hi Olu You don't use MT4 but insidefutures as seen in your charts. Actually I like commodities like coffee, soybean ++ But they are not in MT4 like GoMarkets. Any comment on insidefutures? Price wise? Amount initial funding? System / chart stability? Customer service? Thanks for your time. Cheers

Hi TlpFx How are you? I have been reading your contributions on different threads on FF. Great contributions.

About insifefutures. I do not trade with them. I only use their charts. Its easy for me because I can get 'continuous' commodity charts from them. That is all the association we have.

Olu
If you think you can or cannot do it you are correct
  • #4,349
  • May 21, 2014 2:19am May 21, 2014 2:19am
EurUsd

Will we get an upmove?
Attached Image
If you think you can or cannot do it you are correct
  • #4,350
  • May 21, 2014 7:50am May 21, 2014 7:50am
Quoting Olu
{quote} I will be closing at some point before the meeting. I dont like the spikes the minutes generate. However I will sell way higher after the meting if price goes higher towards 3.1800 area. About the possibility of some risk on scenario tomorrow and the possibility of the euro going higher ti wont surprise me. I put up a chart of the inverse H&S in the euro on the 2h chart earlier. We'll see how this plays out Olu
Took the additional short off at about 3.11, still running the original. If they goose it I'll re-enter that additional position.
I have no clue what I'm talking about.
  • #4,351
  • May 21, 2014 7:53am May 21, 2014 7:53am
This is a very interesting article that challenges the "investors are buying stocks because they are searching for yield in a very low yield environment" meme.
I.e. every man and his dog says investors are buying stocks (being chased into them by the Fed) because bonds are offering very low yields. This chap looks at that idea from a historical perspective.
http://seekingalpha.com/article/2228...-2000-and-1929
I have no clue what I'm talking about.
  • #4,352
  • May 21, 2014 8:42am May 21, 2014 8:42am
Quoting Boy Wonder
{quote} Took the additional short off at about 3.11, still running the original. If they goose it I'll re-enter that additional position.

Out at 311.5. Flat now BW

Olu
If you think you can or cannot do it you are correct
  • #4,353
  • May 21, 2014 8:43am May 21, 2014 8:43am
Quoting Olu
EurUsd Will we get an upmove? {image}

No we wouldn't is the market's emphatic answer.

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #4,354
  • May 21, 2014 8:48am May 21, 2014 8:48am
Quoting rehab
{quote} I am short EU till 1350 area. IMHO , euro won´t go up till it moves south a bit. Cheers! {image}

Well done Rehab on that call and trade. You nailed it! The question now is will the euro do a double bottom from here?

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #4,355
  • May 21, 2014 9:16am May 21, 2014 9:16am
This is why the BoE is probably not going to do very much at all in the way of tightening (via http://www.marctomarket.com/2014/05/...problem.html):
Attached Image (click to enlarge)
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I have no clue what I'm talking about.
  • #4,356
  • May 21, 2014 1:11pm May 21, 2014 1:11pm
Quoting hunting pips
{quote} Hi Olu, there are good dedicated servers known as VPS which will help traders to monitor trades via ea 24/5. Just google Forex vps and u should find the results. the annual fees are usually quite affordable.
A slight correction, a VPS is not a Dedicated Server. A VPS (virtual private server) is a dedicated server split into pieces called virtual servers. You will only get a small part of a dedicated server and the performance will vary significantly as you will be sharing the CPU, RAM, and Disks with other customers. A VPS is typically less reliable than a dedicated server as a single abusive customer will take down the entire server including your VPS.
  • #4,357
  • May 21, 2014 2:45pm May 21, 2014 2:45pm
Quoting Boy Wonder
This is a very interesting article that challenges the "investors are buying stocks because they are searching for yield in a very low yield environment" meme. I.e. every man and his dog says investors are buying stocks (being chased into them by the Fed) because bonds are offering very low yields. This chap looks at that idea from a historical perspective. http://seekingalpha.com/article/2228...-2000-and-1929
Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it- Mark Twain
  • #4,358
  • May 21, 2014 5:32pm May 21, 2014 5:32pm
Quoting TradingPro99
{quote} A slight correction, a VPS is not a Dedicated Server. A VPS (virtual private server) is a dedicated server split into pieces called virtual servers. You will only get a small part of a dedicated server and the performance will vary significantly as you will be sharing the CPU, RAM, and Disks with other customers. A VPS is typically less reliable than a dedicated server as a single abusive customer will take down the entire server including your VPS.
Hi TradingPro99

Welcome to the thread. Thanks for the correction about VPSs. Is there no way that smaller pieces - virtual servers can be insulated by rouge code/application running on another VPS?

Olu
If you think you can or cannot do it you are correct
  • #4,359
  • May 21, 2014 5:41pm May 21, 2014 5:41pm
Quoting Boy Wonder
This is why the BoE is probably not going to do very much at all in the way of tightening (via http://www.marctomarket.com/2014/05/...problem.html): {image}

I hope you are saying with your chart the following:

 

  1. Only the London housing market is a runaway market - bubble
  2. doing something about the London market i.e increasing interest rates will depress the housing markets in other regions i.e price falls and negative equity - more than it will the London market

If my conclusions from your chart are correct I agree with you 100%

There are London specific things that can be done to cool the market though.

  1. Block foreigners from just buying and locking them up
  2. Increasing stamp duty and levy properties that are not inhabited constantly

Olu

If you think you can or cannot do it you are correct
  • #4,360
  • May 21, 2014 5:44pm May 21, 2014 5:44pm
Quoting stewrigh
{quote} Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it- Mark Twain

I agree with you S. I have heard some rationalizations/explanations on Bloomberg and CNBC from 'experts' that have left me dumbfounded and scratching my head

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