Trading For Those With a 9-5 Job

Coffee

Gaps all over the place. US$ strong out of the gate. Will all the gaps get filled? I am leaning toward a yes answer. Remember traders here in the UK are on holiday so trading volumes will be lighter and moves could be exaggerated.

EurUsd - breakaway gap or abandoned baby? Tomorrow will tell

Right out of the gate today the US$ gave a smackdown to all the other major currencies. However as the day progressed it appears all the gaps except the eurusd have been filled. This leaves us thinking is this a real breakaway gap (which usuall signifies the midway of the downmove) of is this gap a low volume run in price because UK was on holiday.
I have been tracking an EW 5 move down in this pair as shown in red lines on the chart (5th wave hasnt completed yet. Normally a 3 wave retracement should follow towards 3400. Either way the trend is still down and so if we get a retracement I will use it as a better selling entry. Likewise if the gap doesnt fill then the true bearishness of the eur is now even clearer

usdcad

Price popped out into open space and reversed. We might have a false breakout on out hands. Ultimately I am bullish this pair and will be going long after the new latest high is cleared

Olu

GREAT.. Clear directions thread.....

Thanks Danc for visiting the thread and your comment. I use this thread to say what is on my mind as per trading - correct or not and to learn from other traders. Please feel free to post.

Olu

Cocoa

Yesterday's price action was good for traders (who missed the upmove) waiting for a top in this market. While the top is not confirmed the price rejection/selling pressure must not go unnoticed.

AudCad

Dax30

false breakdown...

Olu

Hi everyone, I'm a novice when it comes to trading. I follow trends and I would like to network with you guys so you can teach me how to trade to make profits.

Hi M

Thanks for visiting the thread. I am essentially a trend follower too and we are all learning trade by trade. Feel free to post any material useful for 9-5ers and traders will read it and make comments on your ideas. Wish you loads of pips

Olu

EurCad

usdcad - there might be more downside in store. Will be lloking to short if 1.0900 is taken out

Cotton is rolling over...

GREAT....charts

What about the USD/JPY? Is the price of that pair going to rise to 110?

when you say break of red line, do you mean close below after candle closes?

Hi Texy123

How are you. Long time no see (read ). Yes I want to see a solid close below the red line not just a dip below it. Cocoa is bit of an animal so I want to see some commitment to the downside if I am selling

Olu

You were right Olu, $ kept going on. Let´s watch for NFP, ppl are excited about buying gold, too excited.