hope the usm is up tomorrow morning i bought a little smn earlier this week and im looking to add more soon. i woulda added today but wasnt home. maybe a good thing these stress tests will either calm the markets or make them very anxious to get outta positions they can.
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hope the usm is up tomorrow morning i bought a little smn earlier this week and im looking to add more soon. i woulda added today but wasnt home. maybe a good thing these stress tests will either calm the markets or make them very anxious to get outta positions they can.
man i've been entering alot positions at the wrong time. i entered this gbp short @ 132.65 and then looked at the rsi and charts ( 5 min and 15 minute ) and said i could probably wait and get 80 or maybe even 90. not a huge deal on 3 lots but its been my common theme for the week except for 1 trade (gbp?jpy short) that i entered ok on and exited damn near perfectly.
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man i've been entering alot positions at the wrong time. i entered this gbp short @ 132.65 and then looked at the rsi and charts ( 5 min and 15 minute ) and said i could probably wait and get 80 or maybe even 90. not a huge deal on 3 lots but its been my common theme for the week except for 1 trade (gbp?jpy short) that i entered ok on and exited damn near perfectly.
I dont know many of us that are perfect at entries..so dont beat yourself up about that..better to leg into a position than to go full boat on the first price if you ask me.
Look at an hour chart on that pair, there is some serious congestion coming up here at 113.25-ish..its been a top for over a month.
Lately it is near impossible going long or short a trade, the way these market swings are so severe and quick, a trade that looks bad turns good real fast..like my EU short, it was a stagnant mess for a long time, then it turns into a big winner quite quickly..
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papa,
I dont know many of us that are perfect at entries..so dont beat yourself up about that..better to leg into a position than to go full boat on the first price if you ask me.
Look at an hour chart on that pair, there is some serious congestion coming up here at 113.25-ish..its been a top for over a month.
Lately it is near impossible going long or short a trade, the way these market swings are so severe and quick, a trade that looks bad turns good real fast..like my EU short, it was a stagnant mess for a long time, then it turns into a big winner quite quickly..
well not the big hoop la about the stress tests i thought but uk's gdp did a lot to boost the lb and eur last night. did get to buy more smn today tho so i'm happy bout that. funny how everything right now is about earnings almost all companies are making profit but 80% of their revenues are down. I think when earnings are done then we will be back to selling the usm. jobs are lagging but that info gets discounted lol. i think 10,500 - 10,800 is our top for the dow going forward still.
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well not the big hoop la about the stress tests i thought but uk's gdp did a lot to boost the lb and eur last night. did get to buy more smn today tho so i'm happy bout that. funny how everything right now is about earnings almost all companies are making profit but 80% of their revenues are down. I think when earnings are done then we will be back to selling the usm. jobs are lagging but that info gets discounted lol. i think 10,500 - 10,800 is our top for the dow going forward still.
Yeah i dont see how this was a good thing with everything they left out...its all good though this will just make the drop that much faster when it comes...b4 today there were still articles about EU going to 1.10-1.13..its coming,we need 1.31 and change to complete a fib move so lets get that outta the way and get back to biz
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Yeah i dont see how this was a good thing with everything they left out...its all good though this will just make the drop that much faster when it comes...b4 today there were still articles about EU going to 1.10-1.13..its coming,we need 1.31 and change to complete a fib move so lets get that outta the way and get back to biz
the gbp still needs its rise over 136 for a fib retrace also 50% i think it may even get towards 138 even (61.8%) thats when u can back the truck up and short it off the cliff. dow futures are up 15pts nikkei has cut its gains for the day in half up 75pts now. wondering what the ftse will do Im looking to short gbp/jpy soon.
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the gbp still needs its rise over 136 for a fib retrace also 50% i think it may even get towards 138 even (61.8%) thats when u can back the truck up and short it off the cliff. dow futures are up 15pts nikkei has cut its gains for the day in half up 75pts now. wondering what the ftse will do Im looking to short gbp/jpy soon.
Are my eyes confusing me or did the CHF break through that two plus week congestion this morning?
On the Eu.Yen, I missed getting out for 100 by like 3 pips, now it has reversed 100..that seems to happen too often to me, so now instead of a winner I had to average up..geez.
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buck,
Are my eyes confusing me or did the CHF break through that two plus week congestion this morning?
On the Eu.Yen, I missed getting out for 100 by like 3 pips, now it has reversed 100..that seems to happen too often to me, so now instead of a winner I had to average up..geez.
Yeah i closed that one for just over 100 pips..holding GBP for now...been working 9pm-5am and not taking my laptop...we should wrap this job next week so ill be around more...i had a good week trading...id like to get these other trades off me though..i got a limit for 100 on GBP ill see if it hit b4 i get up but i want to close this one b4 close tomorrow
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Yeah i closed that one for just over 100 pips..holding GBP for now...been working 9pm-5am and not taking my laptop...we should wrap this job next week so ill be around more...i had a good week trading...id like to get these other trades off me though..i got a limit for 100 on GBP ill see if it hit b4 i get up but i want to close this one b4 close tomorrow
It isnt the same without you around buck, I know that CHF is a total downer. There hasnt been an oversold level like this technically speaking in over a year, but on a weekly chart it is flat technically, which I find quite odd.
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Now flat in total.
It isnt the same without you around buck, I know that CHF is a total downer. There hasnt been an oversold level like this technically speaking in over a year, but on a weekly chart it is flat technically, which I find quite odd.
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