Schools out for[ex] summer....June edition

buck what do you have your directional movement set at ?? 

closed my short on gbp/jpy here at even opened another short and made $2 lol i want to see a direction on this before jumping in 

gbp/jpy has been stuck in sand all day i thought with the markets getting trashed it would break 133.5 area but it didnt 

14,0,0

buck the usd/chf looks like it could keep moving lower from here but its moved so far and stalled out here that i think everyones waiting for something to trigger its next move  (gdp report) this morning will give u its direction imo. 

oh my directional movement has a different reading tho, what time frame are seeing  the +DI is 3.7 ADX 55.7 ?

i guess i shoulda kept my gbp short last night, it finally caved in.  now its at 133.60 which to me is no mans land gdp comes inline or better this puppy goes to 135, if it misses mid - high 132's 

With the G20 summit taking place.  Wall, Buck, are you holding positions over the weekend?  

Those were actually the readings from my MT4 account...ive been using the setup on there more and more last few weeks to find trades

From the daily chart BTW....

I will be adding to CHF here shortly even if i dont get down 100 pips

Wall where you at today???

Are you in anything?

I dont know why i didnt grab EU/LB around 82 a few hrs ago,i could be jumping out right now

It either up to 8270s or back to 82 from here...showing a cross on the 4hr...i lean up so shorting here would prob net somebody some pips

Sorry for not being around, got hit with the weather and was out of internet access for several days..

You didnt miss much...i figured you were out of service or something...

Opened a demo a about 10 days results so far have been pretty good. I haved traded like I would do a real account. Mini account that is: 10000 per lot 2 lots 30 pips limit either way. The seven good trades have all been shorts

$2000k to start 10 trades 7 winners 3 losers account total $2403.00.

Thanks Papa Wall and Buck

 

Question is could those losers have been winners IF you averaged?

ricks,

Thats a great start..20% return in a short time.

I dont see much action early on, but I would lean towards risk on this week..

The DJIA is crossing lower on the weekly chart on our MT4 accounts Wall...if this comes through the market should slip lower this week...

buck,

Risk looks up so far..the USM has been so strong in the face of this repeated negative news..GDP revisions, stubborn unemployment, housing numbers bad..

I dont get it..but what it tells me is the market is being played with leverage and futures..who knows what real fair value is? I can tell you it surely is not where we currently are on the SPX.

I agree but i trade the chart..it may not be the quickest way in and out of trades but it works..she may reject the cross and head back up,id look for it to be capped at 10350ish and then maybe back to down to 9660 or even lower as it forms a new down trend channel...but youre right this market is gonna go where they tell it to

This CHF trade is killing me....if it cant hold we go to 1.06...+DI on the daily is 3.2 RSI 27.8

 Im going to bed my nightmares cant be this bad