FX and Commodity Charts & Ideas


#42

I do recall that issue with them, also having read many negative things about them in the past lead me to have a negative view of them!


#43

I believe big money just called the reversal on EU @ 15:40

That looks like a stop-hunt and entry-fill

edit: …and perhaps not. Support at 1.1530 seems to have given way. :frowning:


#44

I have a -ve view of them due to having experience.


#45

What is a “v-ve “ view? Don’t understand that language!


#46

Sorry, I forget that is commonly used only by mathematicians and scientists.

+ve = positive
-ve = negative

It is just a form of shorthand… :grimacing:


#47

Thanks for the clarification! As you were soldier!


#48

Only trade for the day. Pressed for time this morning. This one trade increased my account by 2.79%. To put this in perspective Citibank is now paying 1.55% yearly on a high yield savings acct providing you maintain a 500. balance. They also pay 2.02% yearly on a 5000. 14 month CD. I now only trade the London and NY market. I have made a good profit for the week and am done for the week. Hate to give it back on Thur or Fri. Weeks I post charts, I will post all trades – the good - the bad - the ugly.


#49

Always better to leave a winner than to try for a top.


#50

As you were. Looking at chart and looked very heavy. Took a high risk short that worked. Looks like she may drop like a rock in light of the days US data and in anticipation of Fridays data. Entered another medium risk short and covered. Either prime steak or hotdogs.


#51

Moved stop. Powell speaking. Could go either way.


#52

Hotdogs. She moving round too much for my liking. Keep eyeball on her an keep my powder dry. Nice little profit.


#53

USDIndex,Daily


#54

cc33693409db8424a378faa4152ab6f8


#55

USOIL,Weekly


#56

I wish I had a scientific keyboard! :stuck_out_tongue_winking_eye:


#57

Well … I read the data correctly, paused a bit before jumping in, but that has to be one of my worst NFP plays ever!

Then, when price came back to profit, I closed the EU position leaving the UJ to run. Another dumb move (in hindsight).

At least I got out in profit… :sweat_smile:


#58

HaHa – that, mate. B the name of the game!:sunglasses:


#59

EAEADAD8-9242-4DEA-9B7A-46C823FD3E8F


#60

USDIndex,Weekly

USA500,Weekly

USOIL,Weekly


#61

Still a well formed H&S. Think it will B another down week. Only B scalping so go where she lead. Pretty well accepted another FOMC rate increase so dovish EU minutes this week could drop her to support.