Posted:
#1
lets make some money 
Forex july dollar in the dog house edition
Posted:
#4
Nice trades Pap...well i wont be doing much trading this week unless i can clear these two trades off me...I got 4 JPY at 8870s and still only 2 CHF...waiting for 10480s or lower to avg...
Looks like the Dow may push up to 10250s or so this week and this should push CHF even lower so im waiting..
GL fellas ill check in when im around this week just to see what im missing,Wall if you can please remove my thread i started for June[again]
Posted:
#5
Draw some lines on dollar index chart it held the bottom when it touched today...not saying it goes up from here but it held on the first attempt..even if we go lower 83 is pretty huge..
Eu held in the 12660s..i think i said 70s last week it looks TOPPY here though maybe it revisits the highs tomorrow...AU going higher...i would think she stalls ahead of 87..im looking 8670s for a top maybe?Last week i said either 87 or 80 b4 the news...
What are you guys looking to trade?
Posted:
#13
I swear i gotta stop following my trades soo much. the gbp short woulda hit my 100 pip mark. the eur trade isnt working but i thought i bought in too soon on it hours ago. 125.72ish was the number i thought it would bounce off, i guess ill see in the morning if it was right.
i might go long gbp soon if it drifts towards the 131.30 low from a few days back. the rsi looks like it could take 1 more swoop to get it there and be outta steam. will the set a limit for 50 pips on that.
Posted:
#16
Heres the forex traders weekly trade for EU....
EUR/USD has seen a corrective rebound which looks to have formed a potential 'bear flag' channel, a counter-trend consolidation pattern. The pair is also within about 100 points of a key daily down trend line that has defined EUR/USD's decline since the end of 2009. There also is the possibility that EUR/USD is forming an inverse head and shoulders pattern, possibly representing the end of the down-trend. Given the choice between the two, I'm inclined to favor the bearish scenario of the EUR eventually turning lower given the still bleak fundamental outlook for the Euro-zone. The key resistance levels above also make for a relatively limited risk set-up.
The Strategy this week will be to sell half of a short EUR/USD position at current market levels (1.2640/45) and to sell the second half at 1.2730, just below the key daily trend line, for a short average of approximately 1.2685. The stop loss will be on a daily close above the down trend line at 1.2750 (and declining) or if 1.2800 trades at any time, for a total risk of about 115 points. The take profit objective will be for 50% at the 1.2330/40 21-day mov. avg. (which is rising), and the remaining half will be kept open for a potential break below the bear flag base at 1.2250 (and rising). Stops can be adjusted lower to 1.2550 on a drop below the 1.2490/2500 level.
Posted:
#18
well i covered the eur @ 126.40 and 126.45 today. thought it would break the 126.60 res but it held up, so far it could break today/ tonight gonna wait for a direction on it.
gbp i bought last night and made only 50 pips, that shit ran like crazy almost 200 pips from where i bought it last night.
gonna sit on the sidelines til i get a direction
Posted:
#19
I like DJIA to 10250 or so will the risk pairs follow??Nothing is acting right at this moment
Look at the CHF daily....+DI is a 1.03....ADX is at 81
Got an order to AVG at 1.0485.......once this hits i too will be on the sidelines waiting...ill look to make a few hundred pips with 4 lots
Posted:
#21
Gentlemen,
What are your thoughts on the CAD/JPY cross on the daily chart??? It seems to be making a turn for the better and with the CAD futures up (+.41%) vs. the JPY futures clocking in at (-1.40%)....is that too obvious of a play??? One thing I don't like about the chart is the MA20 is still showing a downtrend so it may be a bit soon for this particular selection, buuuut it might be showing a better price in the very near future once we have a candlestick crossing through and closing above MA20 plus we will need the MA20 to be moving into an uptrend to confirm this theory. Once that happens too, its GO TIME! So I will be watching that selection.
Posted:
#25
AUD/JPY should be ready to cross 78.00 soon, it is above the MA20 of 77.11 on the daily and could be the start of a lengthy uptrend. Indicators of RSI, MACD, Momentum and fast stoch crossing above the slow all showing uptrend momentum and a closing of the MA20 above 77.11 today or tomorrow will be a confirmation in my book.
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