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  #621 (permalink)  
Old 08-31-2008, 10:02 AM
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Ooooooooops

Yes Larry,

The weekly CCI's are 21 and 84, not 21 & 105. My mistake, sorry.
You wanna job ??

Here's a lovely shot which demonstrates the importance of the mid range 20&50 in Bold.
One could even ignore the immediate timeframe m.a's and just play off the mid-term ones but they are there none the less, but I have made them fainter.

See too the importance of correct order m.a's I talk about a lot.
When the big red is over big blue the trend is up and when big red is under big blue the trend is down.

See the monthly CCI is now testing the 0.0 line along with the price testing the big red.
A couple of up weeks now surely !!!!!!! ????????? !!!!!!!
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  #622 (permalink)  
Old 08-31-2008, 12:34 PM
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?

Pimp,
What are your thoughts in a uptend buying on 21, -150 cross?
Is it not worth it or should you just always wait for the 0 cross
Thanks,
Matt
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  #623 (permalink)  
Old 08-31-2008, 01:26 PM
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Quote:
Originally Posted by mthomas View Post
Pimp,
What are your thoughts in a uptend buying on 21, -150 cross?
Is it not worth it or should you just always wait for the 0 cross
Thanks,
Matt
My thoughts on that...

I have never considered it personally so never really given it much thought at all to be honest.
My initial reaction would be to say it would be suicdal.
I often play against the longer term trend.
For example, I have played the cross of the 21 on a 15m chart with the 84 being at -100. Then exited the trade somewhere round the 0.0 of the 84, but It's much much riskier.

The one thing I will say is that you can see the 0.0 on a 21 CCI as a 20ema.
Would you really want to be going long with the price UNDER the 20ema?
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  #624 (permalink)  
Old 08-31-2008, 01:52 PM
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price

Thanks for clearing that up, I was scanning charts and asking myself what if.
price under 20 clicked for me I totaly understand what your saying sorry maybe I've drank too much....
Are you going to be trading today with US holiday?
Have a good Day!
Matt
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  #625 (permalink)  
Old 08-31-2008, 03:29 PM
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Quote:
Originally Posted by mthomas View Post
Are you going to be trading today with US holiday?

Today ? naaaaaaah, I'll have a day off. Might do a bit Monday though !!!
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  #626 (permalink)  
Old 08-31-2008, 03:46 PM
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I know my old mate 007 is fond of his Weetabix and I think he might be a very happy chappy in the forthcoming weeks.
Never traded wheat but looks quite lucrative and might add it to commodities corner.

"What do you do for a living, chap?"

"I'm a Gold trader. How 'bout you?"

"Me; Well I'm pretty big in the Wheat game!"

Doesn't quite have the same je ne sais quoi does it?

Doesn't matter to me, or Dan for that matter. If Weetabix are cheaper, based on a break of this Quasimodo neckline then everyone's a winner if this falls to $400 a packet, bunch, parcel, bag, sack, bushel, whatever it comes in.
Blimey, this stuff looks more expensive than Crude oil. How much does $800 get you exactly? I was wondering why bread had started costing me more than cigarettes

I think I'll leave it now for the day. Perhaps another glass of the good-stuff and a little Chinese slap-up supper !!!
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Last edited by FX Pimp; 08-31-2008 at 03:50 PM.
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  #627 (permalink)  
Old 08-31-2008, 04:01 PM
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Monkey Boy

Has that Monkey-Boy been up to his old tricks again ?

Looks like he's been going large buying Singapore Dollar.
Is he planning an Asian office maybe ?
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  #628 (permalink)  
Old 08-31-2008, 09:24 PM
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Raffles

Quote:
Originally Posted by FX Pimp View Post
Has that Monkey-Boy been up to his old tricks again ?

Looks like he's been going large buying Singapore Dollar.
Is he planning an Asian office maybe ?
I very much doubt Monkey Boy is going to open an Asian office. Raffles is no longer the club it once was, letting any old wretch through the doors. He is such an up market beast I would have thought an office in Serang would be more to his liking, plenty of tropical rain forest and lots of bigs trees to swing in!!

I do like his new image as seen on the BBC..............I wonder can I be Pigsy?

Got a bit of catching up to do and currently viewing all the tweaks to the charts. No trading for me just yet. Going to get my eye back in over the next couple of days, play some demo and make sure we have got all the rust out.

Hope to join you horrible lot in the boiler room later in the week.

Crude (or the sith lord) back to $150 anybody?

Have fun,

Prep Rockie
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  #629 (permalink)  
Old 08-31-2008, 09:27 PM
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Peking Duck Anyone

Dear FX,

I have a lovely Plum wine straight out of a container from Tokyo which I am currently sipping. It would do very nicely to wash down your supper.

Catch you later Pimppiplash you cheeky thing!!



Hoisin Sauce Rockie
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  #630 (permalink)  
Old 09-01-2008, 06:35 AM
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Ooooh hoi-sin sauce. Had to have a cheeky half a crispy duck. Loooooove hoisin sauce.
Funny Rockdrive I weas thinking about you yesterday and how we hadn't heard from you in a while.
Glad you are keeping the olympics going after Beijing. Well pub-olypics at least.
Will be good to get you back with us.

Anyway swiftly moving on.

Gold and Crude once again looking venerable.
The trouble is with Gold boxed in beyween the daily 20ema on the upside at $842 and the 4 hour 50sma on the downside at $825 one of these will need to give in the next couple of days before we are likely to see any heavy action.
Price is currently $830 so could go either way.
It's actually boxed between daily and weekly pivots too and with Crude playing hard to get this could ruin any potential plays on the FX.
Not even going to talk about the Chairman this morning. He's in a mess but lower highs, higher lows, something must give eventually.

Forex is not looking that great this morning either.
I would like to see a little retracement first on the USDJPY before a short.
We were saying last few weeks that the Yen was coming back into favour and that it was very strong against every currency other than the Dollar.
Seems to have finally conquered the Dollar too but that will be one after a 20-30 pip pullback if Gold holds steady.

Euro, Cable abd Swiss are are looking like they've had their fun already.
Euro needs to break 1.46 & cable 1.80 to continue down then swiss needs to punch a hole in 1.1050 to the upside.

Will have a corrfeee and re-asssess
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Last edited by FX Pimp; 09-01-2008 at 08:46 AM.
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