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BillyRayVal replied Nov 14, 2008Yeah exactly.....3rd attempt at the line, if everything looks good I'll go for it. Anymore than 3 and it gets hairy. By the way for whoever is listening someone left a nasty comment on the blog that I didnt go short here other wise I would have ...
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BillyRayVal replied Nov 14, 2008Another Trade Example — Here's another one: Short EUR/USD 1.2856 November 13, 2008 Yesterday we had one of the largest ranges ever on the S&P index, and its affect on EUR/USD was an initial selloff, followed by a huge spike in price. For this ...
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BillyRayVal replied Nov 13, 2008Hi ernesto, Just a handful.....I focus primarily on the major 4, and then EJ if anything is so obvious. I used to regularly monitor more but not really anymore. And set alerts.....they pay off big. You're right....too much and you lose focus. Plenty ...
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BillyRayVal replied Nov 13, 2008Find me the guy that saw this one coming today......you know that rule I was talking about 3 consecutive downcloses I would say played out pretty well here.

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BillyRayVal replied Nov 13, 2008Main reason I use them is because I know theyre so heavily monitored by institutional players, market movers......the bigger they are the better. again I got for 'everyone on the same page'....fibs allow you to do that.
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BillyRayVal replied Nov 13, 2008On a day like today Im extra cautious of buys. SPX is making a new low today and just very risky trade in general. Ive been short GBP......my mentality when it comes to days like today is be there or be square, and if you miss the move, dont worry ...
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BillyRayVal replied Nov 13, 2008Theres a piece about fib levels in the blog in the trading strategy area.....I think its buried somewhere in this thread too.......just basics covered.....alot of those articles Im trying to expand on theyre all pretty relatively short but the idea ...
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BillyRayVal replied Nov 13, 2008Good stuff....yeah, it does wonders, atleast for me and Ive found for many others. Newer traders overlook it but seriously when I do it my numbers are tenfold. Even if your levels dont pay off immediately you're newer intraday levels get executed ...
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BillyRayVal replied Nov 13, 2008Yeah there's a lot of good levels up here if it can ever make it.....the ones you have here being some of them.....selling pressure has been pretty deep though lately - weird day today - spx is consolidated and pairs showing pretty much the ...
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BillyRayVal replied Nov 13, 2008I think EUR/GBP is on steriods lately driving alot of this action.....volumes have been through the roof on it the past couple of days, so has been said/rumored. Lots of buy stops above this area taken out it looks like, quite efficiently. Now ...
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BillyRayVal replied Nov 13, 2008What a comeback on this thing.......unbelieveable......this is why you can catch me trading London for the greater part.
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BillyRayVal replied Nov 13, 2008I gotta say Im a little skeptical about this hitting 97.00 at this point especially after this last stab.....cross pairs seems pretty stretched out for the time being and I'm not sure if you'll hit it from your entry. I know a lot of sells on in ...
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BillyRayVal replied Nov 12, 2008GBP got hammered juuuuuuuuuuuust a little but bouncing off of 4910 support here....game over?
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BillyRayVal replied Nov 12, 2008GM (Gen Motors) is up today so you know something fishy is in the air
. S&P seems to be holding for now I'm in a GBP long from that 1.5165 area so I'm doing some begging right about now. Mervyn King made an absolutely depressing case for England ...No Brainer Trades
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BillyRayVal replied Nov 12, 2008its just a common pattern, again I mean I saw price racing down there and moderately 'oversold' and then I saw it stalling/starting to bounce on a 1 min timeframe, so I went for it. If it broke it I would have most likely gotten out with a small ...
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BillyRayVal replied Nov 12, 2008yeah at 1.5165 - low from way back on daily/weekly/monthly
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BillyRayVal replied Nov 12, 2008If you go on bloomberg its just one horrifying piece of news after another....any jumps in the Index today I think could be fluke more than anything. ES is hitting support right now again , theres a bunch of it in this vicinity, so we'll see if it ...
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BillyRayVal replied Nov 12, 2008Yeah I'm watching 882.00 area on ES very closely. If we get another down day today though I think we're looking at good buying opportunities tomorrow possibly.
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BillyRayVal replied Nov 12, 2008and here it is breathing at the bottom of the bucket....(15 min chart)
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