Posted:
#151
Yeah this isnt a sched for anybody with kids to work thats for sure..i will be putting in more time as soon as i get off this job...CHF is a drag but it will let me go at some point...
Forex july dollar in the dog house edition
Posted:
#153
well the usm is humming along which makes no fucking sense to me at this point. 10,675 right in between where i thought the high would be 10,500and 10,800. the us economy is being propped up by free money by the fed and the government spending. Banks arent lending to consumers becuase thet're tapped out. read article below, thats some shocking stuff there, but i guess the market would call it better than expected.
china came out with their pmi sunday night and it was the lowest its been in 17 months, market spin well that means they wont be tightening anymore = good news ............. your kidding me right ???
who is buying stocks at these prices right now is what i want to know ?? i wouldnt touch anything long in the current situation. its funny how sentiment can switch on a dime.
that being said we got some bloated pairs here, gbp/usd has moved hard, eur/usd oddly the gbp/jpy hasnt moved as much as i thought it would at this point but that can change quickly by tonight even lol.
when are us earnings done jesus
Posted:
#154
Hey guys, been a while since I've been around here. Hope everyone's made money the last few months.
Been looking at ways to tweak my trading....combination of fibs, rsi and price action.
Today I had buy on aud/jpy at 78.08, limit set at 79.85, stop set at 77.20
Good luck to everyone, let's make some $$$$
Posted:
#157
yeah today was more of the same, theirs some big money propping this market up no doubt about it. every time theirs bad economic data they save the market. i think when earnings are over then thats when the market will correct this BS rally. heres some more great info about all that money i hear about that companies are hoarding lmao
7.2 TRILLION in debt 
its no wonder they arent hiring. I think the subprime bubble was the end game scenario for the US. we're gonna become japan and thats basically what the fed and government is saying is the upside, prolonged high unemployment and fighting deflation. no wonder bernanke said he'd drop money from helicopters if need be, they've used an arsenal of monetary weapons and government stimulus to get us to this point and all it did was decelerate the decline.
its no wonder they arent hiring. I think the subprime bubble was the end game scenario for the US. we're gonna become japan and thats basically what the fed and government is saying is the upside, prolonged high unemployment and fighting deflation. no wonder bernanke said he'd drop money from helicopters if need be, they've used an arsenal of monetary weapons and government stimulus to get us to this point and all it did was decelerate the decline. 
, but closed out my aud/jpy at 79.08 for a nice 100 pip profit. 
Posted:
#163
I'd rather not use stop losses, just been burned too many times with the market going waaaayyyyy against me and eating up my margin. My take profit levels aren't too much, but that's just cause I'm trying to lock in as much as possible without the markets reversing on me at key levels.
Seems to be the safest, most logical way to make profit and not get eaten up on a bad trade. BUT, if it looks like the sl levels are eating me up too then i'll re-evaluate.
Posted:
#164
Youre still +$$ though LT and thats what counts
everybody just has to find what works for them..not using stops is dangerous but if you manage your margin right you can avoid BIG trouble..find supp/resis levels to avg with and you can work out of just about any jam...but again everybody trades differently so to each his own...GL and nice trade
Posted:
#166
Yeah i need a good close 100 pips up from here though...dont know if the USD will keep any strength the rest of the week cause i think the market is still moving up..i see small resis just in a TL at 10700 then we go to 10950ish and next week 11250...and the EU now above resis and still looks ok down 70 pips from the high but daily RSI only 55 so we might be looking at 135 here???!!!....where does this all put CHF is the question
As long as i can make these trades on the side im fine..got JPY sitting in here too...this pair just looks awful but the threats of intervention under 85 provide some comfort and we got some support anyway 8580s...
Still turned some profit this past month but these trades just bug the hell outta me...time for a new thread too fellas...whos turn is it?
. See ya'll next week.
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