[Honest Bill]

Originally Posted by rockdrive

Hi HB,

Good post - Nice clear and concise observation. Thank you for sharing. Oh, and a small by the way, I have been doing a small small amount of trading on Crude WTI, and had a position on Tuesday which I closed out for 366 pips. Will post the chart as a reference, but WTI looking very good in terms of trend and MA's. I am now off to the garden to enjoy some rays...

All the best,

Lotion Rockie

Ah, Rockie,
Good to hear from you. I did manage to get a few pips from cable later on. I mentioned waiting for a pullback to the 1hr20 or DP. I was targetting the highs, but being Friday afternoon I didn't want to be greedy and closed for +50. Wish I'd left some on with the trend. Now some 270 pips higher as I type. It found support right off the weekly 50 this morning and motored up. Unfortunately, being a Bank Holiday here, I was in bed

Here's the chart. It's still Dan/Pimp strategy but using the stochastic that Westy had introduced. (it says "the squeeze" on the chart, but is actually the stochastic)
That red stepped line is the 1hr20ma.

[rockdrive]

Hey Bill,
I had a day off today. So it was a chance to have a play. As I mentioned last week I had a nice run with WTI. Today I focused only on CABLE. I have attached my trade for reference, and annotated my chart. Hope this is viewable to you. Keep it real and lets make sure we only trade our precious accounts with the trend. Two trades 5 days - 366 for WTI and 169 for CABLE. I confess though that both trades were at a very low stake. Seems to reduce my anxiety!

Enjoy the weather and the long weekend.

All the best,

Part Timer Rockie

[Dan007]

The sun continues to shine outside and on the markets. Stunning pendinghome sales numbers out of the US adding more fuel to the inferno. Atthe moment it is very difficult to find a reason to be bearish and finda trigger for a sell off other than the fact that pretty much everyoneyou speak to right now is bullish short term. I continue to hear of EMinflows and despite new issuance apparently around the corner (newRussag marketing on the qt) nothing it seems can upset this run.Although I have been positive short term for a while I begin to get alittle concerned when all including the stubborn bears have also gonepositive on the market. The crowded trades have rarely worked in thepast and these rules have not changed overnight. All that said a littlepull back should be an opportunity to buy on a dip as the next blow upappears to be a long way in the distance.

Mr P.....

[Dan007]

Hi all

Good to see some interesting posts on here.

Totally agree with earlier posts. I have officially stopped thinking and stopped trying to find reasons why certain things should happen.

We had a good day today (except on USDJPY) and bought lots of USD this am across the board (& sold gold) until they turned. CABLE still worries me up here but hey thats the little bear in me.

See u tom.

D

[Dan007]

For the 'bears' today there were lots of pips on the table...

I have spoken to a few of you and i must say well done. I know its been hard trying to find a top but days like this are a joy.

Pullbacks all round...I know we were split on this in the room but finally the bears won the day.



Looking forward to tomorrow already.

D

[Dan007]

Good afternoon all

GBP rates remain unchanged.

Good morning all

What a performance from the British Lions last night…

We have seen USD strength over the last 24 hours but not expecting to see this last for much longer.

The USD could go either way today with Wall St Future trying to hold above the 4hr 20ma. Personally unless Wall St Future breaks 8680 the sentiment for the USD will be small up this morning. USDCHF has support at 1.0671 and resistance at 1.0713. A break of these will give an idea of USD strength today.

USDCHF
• Looking for a break…
• Looking for a Golden cross of the 15min 20ma with the 15min 50ma above the 1.0713 level.
• The USD index isn’t looking that strong 1st thing so lets not jump in too early. We need clear direction and proof that this USD will continue. I have my doubts but lets see.

USDJPY
• Key resistance ahead at 96.35
• MAs are building for a move higher if the USD can gain strength and stay above 95.90
• Will keep u posted

[Dan007]

Head and Shoulders all over the place...

Which way will this go i ask?

Wall St Future is key around the 60min 20ma. This breaks and CABLE and EURUSD falls.

Look at Head and Shoudler on EUR. We have sent you an email.

USDJPY drifting but free trade now..

D

[Dan007]

Hi

Just got back and see USDJPY 2nd target hit at 96.80 but got stopped on balance as it fell back through the MP at 96.35.

EURUSD trade worked out well (down to the 4hr 50ma) and hit 1st target at 1.4090. Still holding balance and stop will be hit on break back up through the resistance and 60min 50ma at 1.4225.

Email worked out well and some lovely pips in the bank. Well done for those who traded it short on the Head & Shoulders.

Wall St breaking the 60min 20ma was key and has since made a good recovery. Still below the resistance at 8715...

Have a good evening...Last 2 days been vvv good indeed.



D

[rockdrive]

Its all gone quiet on this thread........where have all the pipsters gone? Either you are all making too many pips or you are getting lazy. Post ye pipsters and share the goods, you miserable lot.

Lonely Rockie

[Dan007]

A very good morning by the Monkey...

Lots of pips available. A very solid EURUSD trade.

D