reading your post I have the feeling that you already know the answer, and the decision have been taken, but you like to play a little bit with our brain to see if there is somebody who see what you see
...
Lol.... you're bad.
What are the odds of breaking old support @ 126.60 after 250 free fall yesterday. Price bounces right off it so, we know what to do, right.
If it hit that level and stopped, that's a different story.
No rush with longing just yet. Fiber will hit 42 or bit more, but after that....
BTW. I had a good chuckle when I read another news by our famous news casters from page 1 called resumption of carry trades or something.
Those guys short yen (not crosses) when dow hits good resistance and vice verse...
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Last edited by raczekfx, Jan 22, 2010 8:24am
Reason: removed a hint
Hey g, if this closes as a Weekly PB would you play it to the 1.6500?
I m just saying . . .
Nice trade btw g.
I'm no g, but would not. Rumor's are flying again on..... about SNB intervention in eur/chf. (when? you know better )
If that's....., it might pull g/chf along.
It will be very interesting to see dow futures open with a gap on Sunday..
Back to the drafting boar, getting ready a new trading plan
I love round 10200 <-.->
It would be a perfect plan if I had one more '0' in my # of posts
Another example. Rac on Dec 21 2009 on the Usd/Chf.
Now I can't get in the Rac-man's head totally on his prediction of waiting for the 1.015/.02 on the Swissy. But I am sure the retracement levels from the recent High and Low on 12/21/09 had something to do with it.
Lol... nice catch, Jim!
I'm not always right, .... but right enough times!
I could throw another chart, but let's not spoil ....
Took the same trade, with half off at 126.30 (thanks to some extra study time on your charts). Was my first trade of the week. Been waiting and waiting for some retraces to come. Wouldn't mind being taken out on the second half, if it means some really nice trades next week (though would still get some action on e/u, and u/chf).
got out with half at 126.70, but reverse to short didn't trigger again.
I needed half a spread more....
It's all right, I see big opportunity just around corner.
1st target hit, 2nd break even. "Where going to need a bigger boat" to get where I would like to go. 129-130
Yes, likely headed to that area.
I was a buyer yesterday, all the way to 125.11.
It would be ultra nice for fiber to drop to 1.3850 and spring back.
This action would do nice things to yen...
will see.
Thanks for sharing your knowledge so often. I was wondering what you think of the 1.3750 area as a possible turn-around point. I have a 50 fib, and a 61 fib, as well as a strong PPZ there, so it seems like it'd be a great spot to see some nice PA.
Thanks,
Cory
3750 looks good, 3675 looks perfect
Quote:
Originally Posted by marcelnyo
... I better change something and try harder, don't worry rac, I'll make it!
I'm feeling a little sensitive today because of some problems, please don't take this post in a bad way, because I really do felt like I had to change something in my trading or else I might not achieve anything.
and I'm blogging again... ok, back to the drawing board.
for sure you will, marcelnyo.
I was referring to some people, who flooded me with PMs asking to turn 100$ into 1mil overnight or those who take %30 risk per trade...
There is no shortcuts. Why do you think, it took Jim 15 years or so to make it?
You can win many small battles, but only won war matters.
daily EUR/CHF???? I'm lost... As far as a pattern, are you referring to the bullish pinbar that retraced hard before it really came to life (after the BUOB formed right after the pin)??
I tried comparing that date with EUR/CHF to GBP/CHF (the pair I'm short on) and see nothing jumping out at me.
Sorry I'm a newb.....
during intervention eur/chf, usd/chf and gbp/chf 'usually' move in tandem.
on march 10 we have similar bar to the one on june 17 and jan 29.
What happened two days after march 10?
.In my honest opinion, J16 has good setups, but it's best for daytrading, i can't see how people can swing trade the dailies without understanding the capital flows flushing in and out of economies!
Maybe that's just me, pin bars are good.
Pinbars on daily TF are excellent barometers fot the things about to happen (most of the time) Like on chart in this post (just the chart, ignore anything else).
Fundies? There is only one thing, I'm interested in (while looking for swings) and that's interest rates.
Not the rates themselves at any given time, but rates direction.
Anything else is short term crap. Having said all that, intraday trading is a totally different ball game..