Pattaya - The Ultimate Trading Location

Quote from deadbroke:

EurUsd now @ 1.2571 .... stay Short

agressive take short profit 5-min. STOP = 1.2600

(STOPS closing basis 5-min.)

note the 200 m.a. overhead and use judgement if TP occurs by waiting to see if its just an upwave completion or a real reversal.

A nice 5-min downtrendline also passes @ 2610, so there are some nice anchors.

Off to workout for hours, be back later.
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Review in hindsight ......

after I made the call Euro continued down in line with my premise to STAY SHORT, but I wasn't here to update the lower prices, so the 5-min. chart will show that my thought-ing was right on the money. If this continues much longer I'm going to have to move back to the forex trading forum and go to battle with realmoney. But not yet. I'm not ready yet. I need to work my foundational stuff some more.

See how nicely profit can be taken at trendline break @ 1.2582?

Then after going LONG @ 1.2593 the max. I could lose if wrong is 9 pips. For something as good as this, I'd hold the current LONG postion instead of figure-figuring too much and let the market tell me if the upwave is just a bearrally or not ....

Note that the STOP is right around the 200 m.a. so even if triggered, I'd give it some leeway for a bounce off the 200. So in this particular case, the STOP is flexible.




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Quote from deadbroke:

6-20-2010 extract from ....

http://www.elitetrader.com/vb/showthread.php?s=&threadid=168825

So when this happens, i.e. CASH IS KING ..... meaning ALL CASH. Why? .... because we are talking value relative to goods and services.

So over and above that, now factor in the international component of BEAR's 2 beneficiaries that I had identified, the US Dollar and Japanese Yen.

This combo, CASH multiplied by $ and Yen is not just a 3-fer, its a Richter Scale 3-fer.

This here then is the CRUX of my entire CALL since I came to ET.

Oh, and about gold, don't worry, I'll have you clowns buying it at $250 and then we'll ride it to $10k together, no in and out trading, just one buy and hold. meaning gold top is so close I can smell it!!!! Shorting? forget it. Nobody's going to get paid. Best to retreat to a bear cave and enjoy the spoils of PRESCIENCE


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GOLD topped the very next day :)

but will the top hold? :)
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Take SHORT profits call on Gold @ $1199 and go to sidelines.
 
Quote from deadbroke:

Review in hindsight ......

after I made the call Euro continued down in line with my premise to STAY SHORT, but I wasn't here to update the lower prices, so the 5-min. chart will show that my thought-ing was right on the money. If this continues much longer I'm going to have to move back to the forex trading forum and go to battle with realmoney. But not yet. I'm not ready yet. I need to work my foundational stuff some more.

See how nicely profit can be taken at trendline break @ 1.2582?

Then after going LONG @ 1.2593 the max. I could lose if wrong is 9 pips. For something as good as this, I'd hold the current LONG postion instead of figure-figuring too much and let the market tell me if the upwave is just a bearrally or not ....

Note that the STOP is right around the 200 m.a. so even if triggered, I'd give it some leeway for a bounce off the 200. So in this particular case, the STOP is flexible.




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EurUsd close LONG at 1.2580 for a 13 pip loss.
 
Quote from deadbroke:

EurUsd close LONG at 1.2580 for a 13 pip loss.
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Note: When I'm in the chair all numbers are in realtime with no more than 60 seconds lag. When I'm not in, then its the stated STOP.

The above EurUsd close the LONG, is in realtime (30 seconds delay)

No position at the moment. Wait and see.
 
Quote from deadbroke:

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Take SHORT profits call on Gold @ $1199 and go to sidelines.
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Slamdunk!! :) :D

(basis is either 1H or 5-min. .... now on sidelines)
 
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