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- ElmoM replied Sep 23, 2013
Tried to fight the markets momentum on that one and lost. Just warming up, cut losses.
- ElmoM replied Sep 23, 2013
Second trade here. EURGBP. Looks pair is in the upswing of a down leg. image image
- ElmoM replied Sep 18, 2013
That dog did not hunt. AUDUSD pair stuck in horizontal pattern. $17 profit. First tade in a while. A little cherry p image opper, it you will.
- ElmoM replied Sep 17, 2013
Here it is... First trade with this account, AUDUSD. I see a consolidation/ reversal pattern forming at what could began a serious downward trend. image
- ElmoM replied Sep 16, 2013
Interestingly, I am shorting all off the currencies against the dollar in the above pairs. The EUR,AUD, and the GBP. image image image
- ElmoM replied Sep 16, 2013
This is kinda sexy. This pair is the highest it has been since august 2011 image Now for the entry question "Will it break to the support side or the resistance side?". I will watch her for a few dances. image
- ElmoM replied Sep 16, 2013
Here is an interesting pair. Stuck in a downward channel. Just bounced off upper resistance band. Just passed through april low price. could go all the way to .74300. image I am thristy but careful. I will watch for a few days to see it we get a ...
- ElmoM replied Sep 16, 2013
Here here!
- ElmoM replied Apr 7, 2011
Stopped out — Pair rose back to upper resistance level. Topped out at1.63629. Looks like a consolidation or reversal pattern forming. RSI and MACD show overbought conditions Scrolling forward through charts shows 34 Day EMA trending downward.
- ElmoM replied Apr 5, 2011
Here is a close up of the drop — Price action could go down to .84300
- ElmoM replied Apr 5, 2011
The Price action has turned — The price action on this pair has reached the upper resistance line and made a dramatic turn. Ride the wave
- ElmoM replied Apr 1, 2011
Big resistance coming up — Upper boundary of Monthly trend line is coming. Price action should hit in the 1.40's
- ElmoM replied Apr 1, 2011
I like the channel. Confirms my trading pattern.
- ElmoM replied Apr 1, 2011
1.53 down to 1.43 — I can see it Pair bounced off upper long term resistance line on 3/22/2011. We just need it to break through 1.59686 and intermediate trendline 1.40's are very possible.
- ElmoM replied Apr 1, 2011
I used to do that until the NFA stopped me.
- ElmoM replied Apr 1, 2011
Really? — What part of that really sounds like a good idea? How do you prevent loss if the market doesn't do what your thoughts, research, analysis, crystal ball tell you? Respect price action. It is a sly creature with a a lot a variables. ...
- ElmoM replied Apr 1, 2011
Is a pull back in the cards? — I see a a double top on the the upper resistance line of the more immediate trend channel it has been in since January 2011
- ElmoM replied Apr 1, 2011
.87358? I see it! — This pair is headed toward the lower resistance line of the channel it has been in since the first pull back for resistance in April of 2006.
- ElmoM replied Mar 25, 2011
32 pips while I slept — Pair is following trendline. I expect some resistance around .75552 and .76523
- ElmoM replied Mar 25, 2011
Eurgbp Bouncing off top of Triangle pattern — The pair found resistence at .88108 and appear headed down .85500? .85000?