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  1. W

    The Wallace Trading Method

    will be dropping the CL, NG, ES and NQ from the portfolio, but will from time to time update the CL and NG basically the ES and NQ follow the YM so a YM update applies to the ES and NQ for Wednesday May 29/13 ~ 2:49pm pst Currencies: Sell on Gold: looking like the Sell's resuming CL...
  2. W

    which is more profitable to trade: ES NQ YM ?

    3 Buys all on the same day and time and closed today with these profits ES $171.88 NQ $91.88 YM $771.88 I'm Very surprised the YM was SO profitable, always thought it was the ES that was the Big profit maker because of the volume traded is the YM always so profitable or is it just the...
  3. W

    The Wallace Trading Method

    for Tuesday May 28/13 ~ 8:53am pst closed ES NQ YM 4H formation looks like a reversal or at least may continue to decline as a correction no Sells entered
  4. W

    The Wallace Trading Method

    thought the markets were closed, don't seem to have missed much Return On Investment to the Friday Close May 24/13 . . . . . . . . . profit/loss . . . margin . . . . . ROI 1 audusd . . $134.67 . . . . $325.57 . . . .41.36 % . . . 10 days 2 eurusd . . .$114.70 . . . . $428.70 . . . .26.75 %...
  5. W

    The Wallace Trading Method

    early close for Memorial Day ? happy holiday closed the SI trade and dropped it from the portfolio, will continue with gold trading for Friday May 24/13 ~ 3:25pm pst there may be more downside again tomorrow but overall I believe the trends remain the same for currencies and indexes...
  6. W

    The Wallace Trading Method

    amended CL cfd profit ~ $20.54 'may you trade financial instruments full of price spikes and swings' for Thursday May 23/13 ~ 2:29pm pst Claims: up a bit more ? no changes, except praying harder for the price of silver to fall, although maybe I'd better write an update the EU...
  7. W

    The Wallace Trading Method

    for Wednesday May 22/13 ~ 2:00pm pst basically no changes from yesterday only caution is there's no 'slips of the tongue' in Bernake's testimony and that the Minutes don't hold any surprises
  8. W

    The Wallace Trading Method

    for Tuesday May 21/13 ~ 3:13pm pst Currencies: all the traded currencies are playing with fibo levels, trends to resume GC: has the price based ? up wave correction prior to a new low ? SI: certainly got the bounce, as above CL: no Buy yet, could it pop $100 ? NG: ? ? ? ES NQ YM : more...
  9. W

    The Wallace Trading Method

    for Monday May 20/13 ~ 2:00pm pst Currencies: more of the same GC: 'will the price base ?' SI: will enter a Sell today CL: ? considering a Buy NG: ? considering a Sell ES NQ YM : will enter a Buy today won't post trades till tomorrow's update - - - - - - - - - - - - - - - - - - -...
  10. W

    The Wallace Trading Method

    I'm throwing out that 'for better or worse' thing. I'll still post after the session close but will also post new trades as and when they're made in case you remember, I had 2 xauusd trades going, first was at 1388.26 , no idea why I had a Sell when the price was rising, closed for a profit...
  11. W

    gold: new highs or reversal leg forming ?

    just to say I won't update here again, instead I'll be posting trades in my journal - The Wallace Trading Method
  12. W

    will cl break 90 and drop to 86 ?

    just to say I won't update here again, instead I'll be posting trades in my journal - The Wallace Trading Method
  13. W

    The Wallace Trading Method

    I'm changing from session analysis of the euro only to Day-to-Days / Buy & Hold Buy, Sell, Close trades of the majors and some futures I'll be doing my analysis after the session closes, and for better or worse, new B S C trades won't be posted till after the close. what I may do if I'm...
  14. W

    The New Bull Market

    jeeze, Tsing Tao, how long have you been waiting to use that one as I said in the first post, I'm late coming to this, and it's actually a bit of a rant cnbc is repetitive beyond belief and one of their mantras has been 'when are the retail investors going to come into the market...
  15. W

    The Wallace Trading Method

    arse backwards again yesterday. the German prelim gdp at 2:00am est is one that could go either way, the forecast is 0.3% , but I think I'll go with it being a minus amount. France's gdp is at 1:30 For Wednesday May 15/13 the chasm line may hold the price but I think it's likely...
  16. W

    The New Bull Market

    IF, the past unmemployment history repeats itself . . . the attached chart of the ' US: Average Duration of Unemployment ' shows that the unemployment peaked a couple of years ago - we know, the rate is declining what's also interesting are the rising peaks begining in 1969 , what...
  17. W

    The New Bull Market

    This is late coming and tho there's been a few posts related to the New Bull Market no one seems to have trashed the 'Triple Top' theory that never happened. Perhaps like me you were sucked into believing the end-of-the-world was at hand — not so. The Major Buy was way back in March...
  18. W

    The Wallace Trading Method

    I expect the German, EU Zews and EU Ind Prod at 5am est to all be positive, but the preliminary GDPs on Wednesday may be another matter For Tuesday May 14/13 it's not surprising then we've had the hours of sideways price movement prior to the reports, the price may drift down to...
  19. W

    The Wallace Trading Method

    this week could see the euro rally For Monday May 13/13 the price could start down quickly to base, and checking XE I see it's already down at 1.2959 , so going down to 1.2934 isn't a stretch. the but is whether it does base or just keeps falling, maybe holding at the 1.2860...
  20. W

    will cl break 90 and drop to 86 ?

    I did think twice about the price going back up to and maybe thru the 61 at 97.80 but decided to Sell anyway. maybe it'll only get down to around 89 although I'm looking to see if it'll break it; but, there's an upside risk of the price going back up to 100
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