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  • #1,052,361
  • Jan 25, 2016 6:43pm Jan 25, 2016 6:43pm
XAU short offers very nice R:R
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  • #1,052,362
  • Jan 25, 2016 6:43pm Jan 25, 2016 6:43pm
LONG GU
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A good trader follows his rules, but great trader knows when to break them
  • #1,052,363
  • Jan 25, 2016 7:27pm Jan 25, 2016 7:27pm
Portfolio. Up 35% for the week. Looking for EURUSD to rise.
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Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,052,364
  • Jan 25, 2016 7:28pm Jan 25, 2016 7:28pm
Quoting openyoureyes
{quote} very nice PA and reversal! hope you aren't caught.. 1st one EU 5min 2nd one UJ 1min {image} {image}
1min and 5min :nerd: I am watching 4hr and daily, for now need see how this 4hr candle closes
If you are new to Forex? Say Goodbye to your account!!
  • #1,052,365
  • Jan 25, 2016 7:34pm Jan 25, 2016 7:34pm
Quoting TheFxAnalyst
Watching a small break higher in the EUR/USD, thing has some room to run. Not really sure I'm ready to jump into the short-term trading bandwagon just yet. But I'm going start keeping a closer eye on it. Need to sort out how I'm going to move forward after the U/Cad trade and if I want to hang back and see if it rolls higher again. That said, for your viewing pleasure... Edit: Ignore the "Key" on the bottom of the scan. It needs to be updated with the inclusion of the shorter time frame stuff. {image} {image}

Little bit of follow through today in those early breakout signals. Even the EURUSD ground a few (17?) points higher. Think I napped through most of it.
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When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,052,366
  • Jan 25, 2016 8:41pm Jan 25, 2016 8:41pm
Quoting sisse
{quote} ...where have you been living the last 7 years Gator .... Well let me answer your question as nobody else has taken the bait here: A few hundred billion euro rally in European Equities (nearly 1 trillion has been wiped out since the top) and I HAVE ZERO doubt that (and I am 100% sure I am not the only one) want to ride another wave of more free money .... If its something even the most stubborn investor/trader have learnt in the last 8 years is that you RIDE THE PIG (free money from CB any CB) you ask the questions later.... sisse
correct me if wrong.. are not things much different than the last pig feast? 2001 till today is apples to oranges. it not one size fits all. past 40 years is my thesis. not the abnormal markets since. most traders trading today have no idea of the hundreds + years of the way markets work. just the free money that has a cost, yet to be paid. a reset is coming, not what rags describes as me stating. remember the ez was u.s. dollar short before and will be again (ran out of dollars). the u.s. subsidized the ecb (fed).. its not going to happen again
those who can, do. those who cant, talk about those who can
  • #1,052,367
  • Jan 25, 2016 9:09pm Jan 25, 2016 9:09pm
Quoting KillerWhale
{quote} It might go up a bit, but it will never reach the records from a few years ago. There are simply too many alternatives to oil. I see building massive solar fields in Nevada, windmill fields in California, and the rise of hybrid car sales, more natural gas used in electricity plants and go on.
Maybe, maybe not. I don't think this has much at all to do with rather limited alternative energy in a global market, so much as it has to do with political games being played between the US and Russia and Saudi Arabia and Iran. The price will go up or down when it conveniences the oil powers, but they haven't so easily relinquished their energy market share with so much left to exploit. I don't think oil is a bad bet for a long term investment, but I wouldn't bet on finding an exact low with leverage, way too many fundamental problems to deal with which could hinge on the mood of a few powerful men and families.
  • #1,052,368
  • Jan 25, 2016 9:17pm Jan 25, 2016 9:17pm
Quoting openyoureyes
{quote} very nice PA and reversal! hope you aren't caught.. 1st one EU 5min 2nd one UJ 1min {image} {image}
I had a beautiful 5 lots short in AUDJPY 83.23 but didn't hold it for more than 30 pips.

Would have been a quick 5k (118 pips)

Stop was 30 pips

Patience is difficult for the short because I am biased long in AUDJPY until 85.xx is reached (but 80.xx could certainly happen first)
Be hopeful in a winning position, and fearful in a losing position.
  • #1,052,369
  • Jan 25, 2016 9:20pm Jan 25, 2016 9:20pm
Quoting gatorinla
{quote} correct me if wrong.. are not things much different than the last pig feast? 2001 till today is apples to oranges. it not one size fits all. past 40 years is my thesis. not the abnormal markets since. most traders trading today have no idea of the hundreds + years of the way markets work. just the free money that has a cost, yet to be paid. a reset is coming, not what rags describes as me stating. remember the ez was u.s. dollar short before and will be again (ran out of dollars). the u.s. subsidized the ecb (fed).. its not going to happen...
that 1.91 EU target supports the thesis that commodities will rebound to the moon.. i think there will be a day DXY sees a 5x.xx handle

describe "reset". what does it mean to you? to me it just means prices falling into extreme undervalued territory as the 10+ year holders of an asset finally sell their last holdings, and the new wave of 10+ year investors begin their buying

USD reset is incoming
Be hopeful in a winning position, and fearful in a losing position.
  • #1,052,370
  • Jan 25, 2016 9:25pm Jan 25, 2016 9:25pm
Quoting Kanzler
{quote} Maybe, maybe not. I don't think this has much at all to do with rather limited alternative energy in a global market, so much as it has to do with political games being played between the US and Russia and Saudi Arabia and Iran. The price will go up or down when it conveniences the oil powers, but they haven't so easily relinquished their energy market share with so much left to exploit. I don't think oil is a bad bet for a long term investment, but I wouldn't bet on finding an exact low with leverage, way too many fundamental problems to...
i dont know. iraq is pumping at a high now. iran trying to do the same. u.s. well numbers dropped and are still pumping at highs. not to mention the saudis can cut if they want to make closer to 0 on oil. they already are spending more than oil brings in. no doubt iran, iraq, and the us will try to catch the slack. some u.s. wells can set up a well and start pumping in 30 days. the saudis have little choice but to pump.
those who can, do. those who cant, talk about those who can
  • #1,052,371
  • Jan 25, 2016 9:34pm Jan 25, 2016 9:34pm
Quoting Rag2RichesFX
{quote} that 1.91 EU target supports the thesis that commodities will rebound to the moon.. i think there will be a day DXY sees a 5x.xx handle describe "reset". what does it mean to you? to me it just means prices falling into extreme undervalued territory as the 10+ year holders of an asset finally sell their last holdings, and the new wave of 10+ year investors begin their buying USD reset is incoming
that target is generated on the bs period after 911. i am not trading on it. i doubt it will ever happen. you're taking it out of contest. uj has a story to tell.. uj stronger or euro stronger are not necessarily coordinating with higher equities or commodities. in 2008 early 2009 they dropped like stones off a cliff. dont assume they will always travel in the same direction or opposite.
those who can, do. those who cant, talk about those who can
  • #1,052,372
  • Jan 25, 2016 9:47pm Jan 25, 2016 9:47pm
Quoting gatorinla
possible L scalp 0810/0785..to target 0884.. it makes sense, if 0920 norm is pulling. ptl 0830
it's near 0859/68 a decent shot at 0810 norm gain. 0810/0785 before 0884
those who can, do. those who cant, talk about those who can
  • #1,052,373
  • Jan 25, 2016 10:12pm Jan 25, 2016 10:12pm
Quoting Rag2RichesFX
{quote} that 1.91 EU target supports the thesis that commodities will rebound to the moon.. i think there will be a day DXY sees a 5x.xx handle describe "reset". what does it mean to you? to me it just means prices falling into extreme undervalued territory as the 10+ year holders of an asset finally sell their last holdings, and the new wave of 10+ year investors begin their buying USD reset is incoming
world reset was energy related talked about a few years ago. in it more heavy industrial industry will go to places with cheaper energy. that will boost gdp jobs etc in places with stable government, workforce, and infrastructure. such as north america. energy is the most expensive cost in heavy industrial industry. places with cheap labor such as china can not compete w/o government subsidies on energy. see china's steel industry since. in the reset the u.s would become more energy independent. the usd declined after the gold standard was removed, it was amplified with the rise of oil and the embargo. since about 1973 u.s. oil production has declined up until about 2009 it began to rise. cheap energy attract heavy industrial industry. money is attracted to cheaper cost. china is destined to be basket weavers or labor intensive product exporters. germany gets about 3% of its gdp value from china. u.s less than 1% or about the gdp of a Arkansas. if a mature economy like germany has a positive outlook of 3% gdp. it's a little scary if china is removed, its 0. i doubt it will be china 0, it's destined to be lower than was expected. as time goes on even labor intensive products in emerging economies have to deal with 3d machine competition. the next industrial revolution. leaving basket weaving or clay pot making. not a whole lot of gdp in it.. basket weavers are less likely to vacation in the south of france. research china travel to france decline.
those who can, do. those who cant, talk about those who can
  • #1,052,374
  • Jan 25, 2016 10:16pm Jan 25, 2016 10:16pm
This is gonna be a fun week
  • #1,052,375
  • Jan 25, 2016 10:38pm Jan 25, 2016 10:38pm
Quoting gatorinla
hk opened higher. the 7 h candles equal a red day from open. but it gapped up before open. using the day before it closed today as a doji looking, slightly green. the week was a red doji looking.. the month red red. atm this unclosed month is still red. hk hang seng, reflective of china. {image}
another gap down open, its lunch time with a red candle last.
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those who can, do. those who cant, talk about those who can
  • #1,052,376
  • Jan 25, 2016 11:27pm Jan 25, 2016 11:27pm
Added EUR/MXN and EUR/ZAR longs. EUR actually seems to be among the strongest currencies out there. It's been bought up heavily over past week.
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Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,052,377
  • Jan 26, 2016 12:45am Jan 26, 2016 12:45am
Megaphone on the lower TF...Eu opening might retest sub 820...
Why sell the bottoms when you can buy the tops...
  • #1,052,378
  • Jan 26, 2016 1:17am Jan 26, 2016 1:17am
Quoting Rag2RichesFX
{quote} I had a beautiful 5 lots short in AUDJPY 83.23 but didn't hold it for more than 30 pips. Would have been a quick 5k (118 pips) Stop was 30 pips Patience is difficult for the short because I am biased long in AUDJPY until 85.xx is reached (but 80.xx could certainly happen first)
UJ short + XAU short almost wiped my account.
I had 3 other accounts, I transfered x3 account balance just to save the account.

Lesson learned, I'll stick to daytrading EU

edit: funny thing is that I had 140 trades / 1 day / %32 return yesterday before UJ + XAU
edit2: greed + overconfidence
  • #1,052,379
  • Jan 26, 2016 1:31am Jan 26, 2016 1:31am
Quoting openyoureyes
{quote} UJ short + XAU short almost wiped my account. I had 3 other accounts, I transfered x3 account balance just to save the account. Lesson learned, I'll stick to daytrading EU edit: funny thing is that I had 140 trades / 1 day / %32 return yesterday before UJ + XAU edit2: greed + overconfidence
Openyoureyes, thanks for sharing. Your sincerity will help us newbies learn better from your experience. Wishing you successful pipping for the long-run.

KP
Do your homework, follow the footprints of smart money
  • #1,052,380
  • Jan 26, 2016 1:32am Jan 26, 2016 1:32am
Quoting KiwiTrada
Cable Geppy and uj trying to grind a hole through the floor 4hr
floors drilled only thing in bears way is 4hr 50sma, for uj, cable and geppy already dealt to theirs
If you are new to Forex? Say Goodbye to your account!!
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