- Search Metals Mine
- guitarjrb replied Mar 26, 2010
My thoughts on the way out. I think it will retest today's highs then sell off again. I won't be trading it though. Friday's are always weird and usually when I take hits. Peace and have a good weekend. Checking out.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 26, 2010
Closed my kamikaze trades, packing up and done for the day/week. Seems that we have both had a pretty good week! I basically have to thank you for those trades. Thanks for the great analysis! Peace and good trading.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 26, 2010
With the volume picking up as you predicted. In the spur of the moment, I went kamikaze on the market. I'm not even going to post details as its too risky to claim. lol
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 26, 2010
I think i'm going to scrap this trade at break even if given the chance. Didn't I say yesterday that I wasn't going to trade today? lol I'll hang tight for a couple of hours to see how price action is in the early part of NY I guess. One pattern ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 26, 2010
I think we are good as long as 1102.60 holds. I have moved my stop to 1103.75 where it will remain. EDIT: It looks like eur/usd is finding resistance at 1.3405 which should help up out a bit.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 26, 2010
I went ahead and pulled the trigger at 1097.53. It seems a little risky as it looks like a bullish flag on the lower timeframes, however, price action is basically at the H&S's neckline right now...so we have 100h resistance, trendline resistance ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 26, 2010
Looks good. Take a look at this chart. Looks like the 100 hour SMA is offering great resistance. I may take a short here soon. If I do, i'll make a post.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
I closed them before the close at 1093.33. Minimal profit, but still a reasonable catch with the size of the trade. The current lack of direction will leave me waiting for a reasonable (1100?) bounce to short again. I also closed the aud/jpy shorts ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
Sold the xau bounce with 250 big ones. at an average of 1094 EDIT: That should read "150 big ones" EDIT2: Reasoning is because of that 50fib that i've been trading on...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
A side note....I added 2 standards short aud/jpy at an average of 84.51. Should be an interesting trade. It's on pure speculation that the dow will come off. Also, some news coming out of EUR about the Greece package that should bring risk off a ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
Ugly movement in the market. I couldn't have closed my two scalps at a better time as the eur/usd one would have stopped out just now. I'm going to stand aside for a while to see where this thing is going. This is OT, but i'm thinking about selling ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
haha! There it is...beautiful trade my friend. EDIT: I just closed my two scalps for a nice scalping profit.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
That is exactly my thinking which is why i said " I want to click sell right now"...and is nearly identical to the trade I made earlier. I'm still going to hang out for better levels I believe. I don't really expect to get better levels, but my gut ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
While I want to click sell right now...I don't want to give anything back to the market. So i'm going to stand on the sidelines with you and wait for better levels as I feel your analysis is strong. Right now i'm scalping eur/usd and usd/chf with ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
Closed that trade at 1089.83. Will resell at the same level as previously if given the chance. I feel like scalping a little today.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 25, 2010
Added a short at 1093.48 because of the bounce off the 50 and the weekly trendline. Both came in at about the same price which offers some good resistance. EDIT: SL at 1097.50 TP not determined. Expecting(hoping for) new lows on this trade.
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 24, 2010
You have interesting analysis...and I appreciate it. I think its a good idea to wait for a short rather than chase a bounce...good thinking there. I like how you incorporate volume in your analysis, I have never tried to do this, but looking at ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 24, 2010
"not certain that the bears..." This is a very good point and it should be noted that the neckline of H&S patters is usually always tested. At that point, I would load back on quite heavily. I think i'll look at 1098-1100 to load back on UNLESS the ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 24, 2010
Thar' she blows. Just broke pretty significant support at about 1088.24 EDIT: There's a weekly trendline sitting at about 1074. i may close some or all of my positions there. EDIT2: Actually...I can't take staring at profit so I just closed all of ...
Gold techniques, systems, and individual trades
- guitarjrb replied Mar 24, 2010
Live account at forex.com uk with 200:1...I have decent margin to work with.
Gold techniques, systems, and individual trades