looks to want to test yesterdays highs , I have my limit just about 83.600 for 18 pips .. hopefully it gets there soon.
If you pop out to a daily chart you can see that the .8340 line is a serious resistance and only really breached it meaningfully 5 times since september. Of those times it has had solid and staunch resistance at the .84 level, only breaching it once, while heading up to the High of .8543 and then returning down below.
The .834 level is key, and I would love to see the day end above it.
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Quote Originally Posted by Knoxpoker:
looks to want to test yesterdays highs , I have my limit just about 83.600 for 18 pips .. hopefully it gets there soon.
If you pop out to a daily chart you can see that the .8340 line is a serious resistance and only really breached it meaningfully 5 times since september. Of those times it has had solid and staunch resistance at the .84 level, only breaching it once, while heading up to the High of .8543 and then returning down below.
The .834 level is key, and I would love to see the day end above it.
The market has been making scapegoats for the last two years..
Weather..summer, federal budget standoff, hurricane season..blah blah blah..
The market moves because of cheap cash and the FED..these reports dont mean much of anything or the market would not have moved 2% in the matter of a few hours.
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The market has been making scapegoats for the last two years..
Weather..summer, federal budget standoff, hurricane season..blah blah blah..
The market moves because of cheap cash and the FED..these reports dont mean much of anything or the market would not have moved 2% in the matter of a few hours.
closed long plus 14 pips ... I dont think this is going much higher than yesterdays high.
And Rick you made a very valid point, I am not going to try to fight such long term resistancee what level.. garbage week for me at about break even. Not much time to trade , got called to a bew project that might be for the next couple of months.. I will be trading later tonight. Maybe I will catch a runner thru the London open..be back soon ..
And thanks again Rich for the heads up ...
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closed long plus 14 pips ... I dont think this is going much higher than yesterdays high.
And Rick you made a very valid point, I am not going to try to fight such long term resistancee what level.. garbage week for me at about break even. Not much time to trade , got called to a bew project that might be for the next couple of months.. I will be trading later tonight. Maybe I will catch a runner thru the London open..be back soon ..
Im not sayn weather is/was the main reason but I can see it having some impact..I talked to a friend who own/operates a drive thru with a car wash attached. His overall sales are down $3500 from the same time last year, he did lose a days business over water issue but was weather related as well.i guess people come wash cars in a blizzard but not in freezing temps.
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Im not sayn weather is/was the main reason but I can see it having some impact..I talked to a friend who own/operates a drive thru with a car wash attached. His overall sales are down $3500 from the same time last year, he did lose a days business over water issue but was weather related as well.i guess people come wash cars in a blizzard but not in freezing temps.
Im not sayn weather is/was the main reason but I can see it having some impact..I talked to a friend who own/operates a drive thru with a car wash attached. His overall sales are down $3500 from the same time last year, he did lose a days business over water issue but was weather related as well.i guess people come wash cars in a blizzard but not in freezing temps.
Sure, but if you are looking at overall prodictivity there is a lot of retail action at lowes, walmart grocery stores etc.
Also if you are talking about productive contribution to GDP, you have to look at the services of plowing roads, snow removal for excavation companies etc.
I agree the weather has an impact, but not all that much of an impact.
Another indicator that something is rotten in denmark is the fact that we are in an all out Bull market in equities.
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Quote Originally Posted by bucknuts:
Im not sayn weather is/was the main reason but I can see it having some impact..I talked to a friend who own/operates a drive thru with a car wash attached. His overall sales are down $3500 from the same time last year, he did lose a days business over water issue but was weather related as well.i guess people come wash cars in a blizzard but not in freezing temps.
Sure, but if you are looking at overall prodictivity there is a lot of retail action at lowes, walmart grocery stores etc.
Also if you are talking about productive contribution to GDP, you have to look at the services of plowing roads, snow removal for excavation companies etc.
I agree the weather has an impact, but not all that much of an impact.
Another indicator that something is rotten in denmark is the fact that we are in an all out Bull market in equities.
I hear ya..we know the markets go where those at the top think they should go..I just wanted to comment on the weather, knowing several small business owners they have all complained about the weather this season cutting into profits..but then theres always an excuse I guess
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I hear ya..we know the markets go where those at the top think they should go..I just wanted to comment on the weather, knowing several small business owners they have all complained about the weather this season cutting into profits..but then theres always an excuse I guess
Here is a good example..about what 20 minutes ago the Yen pairs went crazy, all jumped at the same time..FXDD has nothing in the news to reference the move.
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rick,
Here is a good example..about what 20 minutes ago the Yen pairs went crazy, all jumped at the same time..FXDD has nothing in the news to reference the move.
Im not sayn weather is/was the main reason but I can see it having some impact..I talked to a friend who own/operates a drive thru with a car wash attached. His overall sales are down $3500 from the same time last year, he did lose a days business over water issue but was weather related as well.i guess people come wash cars in a blizzard but not in freezing temps.
Im not sayn weather is/was the main reason but I can see it having some impact..I talked to a friend who own/operates a drive thru with a car wash attached. His overall sales are down $3500 from the same time last year, he did lose a days business over water issue but was weather related as well.i guess people come wash cars in a blizzard but not in freezing temps.
That is terrible..stop hit and it turned around and would have paid you...
You aint lyin.
That is the problem with these tight stops. I am focusing on a short term trading program that relies on tight stops and scalps.
I started last Tuesday, and have done 23 trades, going 14-9 for 155 pips.
I am pretty happy with it so far. Out of the 9 losses, 1 was a risk event, and 2 of them were just short pops that ended up hitting my stop, but panning out after I was out.
I am not sure if I want to increase my stops, because I am operating at 1:2 risk reward ratio, and the beauty of the system relies on quick trades, in and out.
I am toying with the idea of adding another level of verification aside from the Crosses.
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Quote Originally Posted by wallstreetcappers:
rick,
That is terrible..stop hit and it turned around and would have paid you...
You aint lyin.
That is the problem with these tight stops. I am focusing on a short term trading program that relies on tight stops and scalps.
I started last Tuesday, and have done 23 trades, going 14-9 for 155 pips.
I am pretty happy with it so far. Out of the 9 losses, 1 was a risk event, and 2 of them were just short pops that ended up hitting my stop, but panning out after I was out.
I am not sure if I want to increase my stops, because I am operating at 1:2 risk reward ratio, and the beauty of the system relies on quick trades, in and out.
I am toying with the idea of adding another level of verification aside from the Crosses.
That is the problem with these tight stops. I am focusing on a short term trading program that relies on tight stops and scalps.
I started last Tuesday, and have done 23 trades, going 14-9 for 155 pips.
I am pretty happy with it so far. Out of the 9 losses, 1 was a risk event, and 2 of them were just short pops that ended up hitting my stop, but panning out after I was out.
I am not sure if I want to increase my stops, because I am operating at 1:2 risk reward ratio, and the beauty of the system relies on quick trades, in and out.
I am toying with the idea of adding another level of verification aside from the Crosses.
That last burst at the top of a range happens alot. I try to wait for that and see if there is a down move (twezzers) right after the up thrust , then get in on a retest of that high of somewhere close to the top of the range, but again i try to get most of my trades around the 50 ema on the 5 min or the 15 min chart , so I do trade alot different than you . Great work again this week. i have to find more time , but I know that 60 pip runner is out there , and I will catch one soon . But everything is just in limbo right now. not sure if the reversals on these pairs are long lasting or just retractments ,next week will tell the story ..
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Quote Originally Posted by rick3117:
You aint lyin.
That is the problem with these tight stops. I am focusing on a short term trading program that relies on tight stops and scalps.
I started last Tuesday, and have done 23 trades, going 14-9 for 155 pips.
I am pretty happy with it so far. Out of the 9 losses, 1 was a risk event, and 2 of them were just short pops that ended up hitting my stop, but panning out after I was out.
I am not sure if I want to increase my stops, because I am operating at 1:2 risk reward ratio, and the beauty of the system relies on quick trades, in and out.
I am toying with the idea of adding another level of verification aside from the Crosses.
That last burst at the top of a range happens alot. I try to wait for that and see if there is a down move (twezzers) right after the up thrust , then get in on a retest of that high of somewhere close to the top of the range, but again i try to get most of my trades around the 50 ema on the 5 min or the 15 min chart , so I do trade alot different than you . Great work again this week. i have to find more time , but I know that 60 pip runner is out there , and I will catch one soon . But everything is just in limbo right now. not sure if the reversals on these pairs are long lasting or just retractments ,next week will tell the story ..
Bought USD/JPY @ 101.85 Stop set at 101.60 looking for 102.40 ish.
Not a lot of conviction on this one, just looking for a final trade for the week. I will probably close it if i see any profit after London close, and call it a week.
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Bought USD/JPY @ 101.85 Stop set at 101.60 looking for 102.40 ish.
Not a lot of conviction on this one, just looking for a final trade for the week. I will probably close it if i see any profit after London close, and call it a week.
Man this is crazy...I had trouble sleeping ended up watching that movie Lawless with the kid from Transformers and had my laptop beside me and I was just a few pips from being even and wake up to the pair making new high for the week..add surprise face here lol
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Man this is crazy...I had trouble sleeping ended up watching that movie Lawless with the kid from Transformers and had my laptop beside me and I was just a few pips from being even and wake up to the pair making new high for the week..add surprise face here lol
I like that trade too Rick you got 100 ema on the daily at 101.67..wouldve been nice to catch it in the 60s earlier but at worst I think you can close it out by the end of the day +pips
GL buddy
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I like that trade too Rick you got 100 ema on the daily at 101.67..wouldve been nice to catch it in the 60s earlier but at worst I think you can close it out by the end of the day +pips
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