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06-19-2008, 01:29 PM
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Hi all
Anyone get kicked into Gold as discussed earlier today... With GOLD breaking USD weakness comes into play... USDCHF and GBPCHF trying to move lower... GBP is trying to stay up against the USD though.... Remember these are in and out trades... Harsh conditions means we change strategy and keep things tight. Cako called EURJPY very well today but stayed out as no other currency pair was moving...However u must not worry if u miss a trade.. Look at the bounce off the 200ma...Thats my 60min 200ma. Dan007 Last edited by Dan007; 06-19-2008 at 01:41 PM.     
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06-19-2008, 04:33 PM
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Difficult trading again today.
We paper traded today as we were not sure what direction the dollar is moving. With oil unpredictable especially in the afternoon (hope no one got caught out) and the DJI falling off like it keeps doing, it's very difficult to confidently trade long with the dollar. Best trades were the USD/CHF long, as it created a higher low on the 15 min chart this morning & moved through the daily 50 M/A for a great long trade. Later on we spotted a long GOLD trade as it broke through the daily trend line & 50 M/A. Hopefully Gold will keep out of this broken trend line & stay long for next week. Hopefully we will see direction for a weak dollar & therefore get the direction right for the currencies. Enjoying working with you all, Simon.
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06-19-2008, 06:54 PM
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Great day after all that.
Gold long, FTSE short, GBPUSD long, Crude short !
What a Pimptastic day after a slow start. Might have a lay-in tomorrow and get all geared-up for the Pimp-Show. Hear that Cash fella is gonna be getting down and Durti with some Pimpology in the Live Room around 1 ish. I hear the necessities are that you come prepared with sequinned undies, whisky and 1 minute charts. Sounds like a bit of me ! Good old Gold. Saving the FX world by breaking out. I lookforward to tomorrow. Going for a 500 pip day to make up for a few quiet ones !
__________________
We have just set-up a new free chat called FXMonkeyChat, where we trade this strategy together each day. Come join the party.Email me thefxpimp@hotmail.com with a preferred username and I will set it up for you.
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06-23-2008, 12:40 PM
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Hi all
We discussed the break of the support line this morning... Orders should have been placed either side of the support and resistance lines and wait for clear break... 902 and now trading at 882...Thats 200 points in 15mins down to the 60min 200ma... Dan007
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06-24-2008, 05:40 AM
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Good Morning,
What a cracking day yesterday turned out to be. Amazing breakout play on the Gold. Didn't even have the trendline drawn-in, was only playing the whole 1-2-3 game, then BAM !! They're the moves we like, 200 pips in under 30 minutes sort of moves. The trouble now of course is that we're well oversold on the 4hr CCI still so if this is the next stage of the Dollar recovery then I'm on the bench for the moment. Interestingly she managed to claw her was back over the 60m 200sma. Not even going to talk about crude. It's such a mess at the moment but does look set to fall through to the 4hr at $135.70, IF it can break the 60m 20ema at $136.80 down so maybe a few points there to be had. On the currencies we get an idea of how weak the Yen is overall. Just some tiny little retracements from yesterdays falls on EURUSD & GBPUSD saw some pretty straight-forward bounces off the 60m 200sma's on both GBPJPY & EURJPY and some nice long opportunity trades with USDJPY holding up nicely. These former two look like they could continue this morning IF USDJPY doesn't fall. The good cable trade of yesterday, which for some unknown reason I never took, is not so clear-cut today. It's wedged in-between the daily 20ema below and the 60m & 4hr 20ema above. It does look to be trying to find support though. Euro looks like it's made a higher low on the 15m chart but with all the resistance from all timeframes above, what can you do? Might need some news from Euroland to stir-it-up...........'lil darling.......
__________________
We have just set-up a new free chat called FXMonkeyChat, where we trade this strategy together each day. Come join the party.Email me thefxpimp@hotmail.com with a preferred username and I will set it up for you.
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06-24-2008, 09:44 AM
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Hi all
Well a tough market this morning with GOLD and CRUDE tempting many of us in for a short trade... However not to worry!!! Where do we make our pips back and some??? Yes the one tremding market the Indices... Look at FTSE fall from 5695 to 5615..Thats 80 pips... Look at DAX fall from 6650 to 6550...Thats 100 pips... Look at DOW which led the way from 11850 to 11775...Thats 75 pips Ok you wont maximise completely but many of you have taken over 100 so great trading... Dan007
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06-24-2008, 10:28 AM
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Anyone reading the post this morning would have stayed out of shorting the Gold, which would have saved you some pips, and all those taking the possible short on USDCHF that was suggested made an easy 40.
All pretty good stuff with GBPJPY & EURJPY doing exactly as predicted too. Unfortunately the Crude was very badly behaved but no-one got too badly burnt on that. Lovely moves on the Indices we spoke about. I managed to pick-up 65 on the FTSE, which was nice and closed out my long position of yesterday on USDJPY with a little under 30. Consumer confidence this afternoon in the States. Nothing exciting me at the moment, but interesting to see the CHF pairs falling and EURUSD not. IF the numbers come out at 55.00 or lower, there could be some room on the upside there. Great day for everyone yesterday. Not so great for Dan & I holding the fort and not trading. Not so good day for some this morning, but a good one for me. Swings n roundabouts. It's the long-term that matters most. If 1 candle doesn't make a trend, then 1 losing trade doesn't make a bad trader !
__________________
We have just set-up a new free chat called FXMonkeyChat, where we trade this strategy together each day. Come join the party.Email me thefxpimp@hotmail.com with a preferred username and I will set it up for you.
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06-26-2008, 02:56 PM
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Hi Dan & all,
Good day today - I only entered 2 trades today as the markets have no direction at present. Took a short trade on the EUR/USD this morning down to the hourly 20 M/A. Thought it would found support there. - 32pips Then had the choice of which trade I took for the dollar weakness that set in. All the Majors against the dollar found support & started to rally. I went long on Gold as it found support for 180 pips. Under normal conditions I would have kept this trade on & keep moving my stop under the 20 M/A - but not with this unpredictable market. Happy trading Simon
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