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Yup, it's the best of 3 choices that I could find on the daily & weekly stuff.
And I have already been in one of the other 2. EJ short, and it's been cranky on me for the past day now. Out of the money a little on it, but going to hold it for a while.
The third choice that I did not mention kind of mirrors the EJ. So no need to trade it.
Sold EU. Been looking at it all afternoon. Been doing lots of work with my chart arrangements today, and decided that I need to go back to more or less my old style of trading. Using primarily daily charts. Just not comfortable with skalping the 1H & less time frames, and was more successfull with daily,s & weekly stuff. I do not seem to get so nerved up when it goes 50 pips or more against me. And have incorporated the SUP/DEM stuff. Really helps narrow down the field. Now have about 16 pairs to choose from. Used to trade only a couple.
Chart below.
Oh look spanky. 036 sold at bid today.
Rememeber what I said yesterday spanky.
Buy those cheapies boys, they wont last long wweeeee
Got stopped out of EJ long this afternoon. Now short at resistance line 1H (Support And Resistance). Daily has sell written all over it for liklely the next 2-6 days, with a nice demand zone below the clouds. And weekly saying that it could bounce up into a long trending supply zone, but also has lots of blue sky's below it to fall into.
Thik I'm on the right side now and gonna try to hold it for the long haul.
Just my opinion, and been wrong before.
Yup. And likely to see a dip into the high 3's tomorrow the way it looks. But I will not be buying, because I have exactly the number of shares that I need/want AT THIS TIME. Don't really give a d*&* which way the price goes, because my shares are free. I can add or sell NBRI at my time of choosing.
By the way spanky, what is your come back regarding road clearing???
That was the topic of discussion. No one asked for a blurt from you regarding my intentions. I am seeking the truth>>>
"help keep the roads clear of snow in the winter months. "
Very vague. Most common interpretations of this would assume the PRIVATE roads of the mine site.
What's your interpretation?? That they will also plow the state route leading up to the mine site.
I doubt that the state would even allow them to do this. When the state closes a route AT A CERTIAN PIONT it is for safety reasons. The road is blocked off because the state equipment is not able to keep it cleared to normal traffic. And they will not re-open it untill all danger to people traveling the road is past. Meaning spring thaw. Endangerment of lives. People traveling these roads get caught in storms and die every year in the rocky mountians.
And do not stray on the path of fire water!!!!
No, and I called Ameriturd a couple of weeks ago about it. They where going to contact the issuing broker about the delay. Of course, I have heard nothing from them!!
Should have shown up by now. Someone has dropped the ball. I may call ameriturd again later today.
Looks like dollar weakness across the board last night & so far this morning. Only exception may be AU. Charts are all vague to me right now. Maybe it's me?? Just not seeing any real good trade set ups at the moment. Probably when it changes, they will ALL start hitting at the same time.
Pennies, I'm having the same problem that you are having with my EJ short. Thought that it would bounce off the 1H DZ last night. It did, and I could have taken maybe 10 pips but was looking for more out of it. Now deep in the DZ and coming up on a support line right at the bottom of the DZ. Hoping to see a turn here soon.
Went long EJ 131.972 based on daily & weekly. It looks over due for a touch of that supply zone on the weekly. Never thought that I would pick A non dollar related pair over a dollar pair, but with this SZ DZ system it helps to make decisions. And the dollar scares me to death right now. When the politicians say that they would never let something happen, then it usually does. Ref. debit limit.
The out come is quite a ways out yet, so probably safe, But I'm practicing staying away from it unless something really lights up the charts.
Yo pennies, before you go, just thought I would let you guys know that I closed an EU short that I have been setting on for a couple of days. Got 33 out of it. It's fun to go fishing and get paid for it.. may have to go pro. Like the man say's "set & forget".
A couple of observations that I noted regarding today's & last night's trade action.
1. Looks like the GU kind of led the way down. It was the first of the dollar pairs to drop last night. Maybe not the norm because no news this morning, but I am going to kind of keep an eye on this to see if their may be some kind of key associated that may repeat.
2. 3-5 pip miss last night on the GU demand zone now has me a firm beleiver in 'if it has not hit the zone, don't try to anticipate and expect a price reversal. Even if it is only a couple of pips away. I would have gotten buned last night had I tried to "guess" which way it was going to go. I now want firm touches, or firm break thru's only regarding the zones... And that's what the manual says, so gonna stick with it.
Have a good weekend guy's.
Well, A couple of hours later, and the GU is now thru the DZ. Good thing I went back to bed & did not go long!!
Thanks SDC. Looks like you got what you needed with the GU drop. I just woke up in the middle of the night & checked the markets. Price is now solidly in my 1H DZ.
Well, 3-5 pips makes sense. Looks like I missed the boat on it, cause it has moved up now into an area that I am not willing to buy it at. Going to be gone most all of tomorrow morning, so best not take a trade right now. Will not be able to watch it if it carries thru untill then. And need to get some sleep. Have to get up early for fishing with my buddy.
Night all.
That's real close. I have it at 1.61520 top of DZ. And the low price was a couple of bars ago (1h) at about 1.61524. Don't know if close counts or not?? Didn't tell me that part in any of the video's!!
Heck, maybe it constitutes an unfilled gap..
Thanks Pennies. UJ just made a quick spike down (1H) into the demand zone again, so maybe it can go up again. GU, I'm still waiting and watching it. Would like to see it break down & thru it's present consolidation into the true demand area before considering an entry here. But it could also move upwards without touching. Don't know at this time what direction it really wants to go. I'm not that great at drawing trend lines & figuring sup/res areas. Seems like when I try drawing trend lines, I usually wind up on the wrong side of the trades. LOL
You guys got that right.
What are your opinion's on GU as a long right now?? Been thinking of putting one on. But kinda blue skys below if the demand channel is broken on the 1H. Maybe put a stop just below the channel. Price is running JUST above right now. You guys with the support/resistance are probebly seeing more than I can see.
Looks like I Will be able to pick up some .03's before to long. Happy to be setting on ALL nice freebie's at this time. Several more months of work before the REAL mining will start at Ruby. And something wrong with the picture at Frazier. Archeological work should have been completed by now. Plenty of archeologist's out there that would be willing to just walk the ground and at least give an preliminary non binding inspection type report to the CEO. No mention of Frazier in the PR leads me to believe that their is a problem of some kind that the shareholders are not privvy to.
Got 20 on UJ. Now looking for the next one.
Yea, EU coming down now also. Dollar is king right now.
I just bought UJ also. But not much liking going with the dollar on much of anything for very long right now.
Agree. I have made notes regarding what you have stated. But will only take that EC trade if it pans out like you said (weekly) high.
I just am not to risk prone when it comes to the non dollar related stuff. Been burned years ago trying to trade them. But with what we are working with now, I may have to re-consider.
Pen. Looks to me like the charts are pre-reading the report right now. E/U and U/SWISS going starting to move in favor of the dollar.
Actually, I like the U/C at around .90100 Was looking at it a while ago, and almost bought. Now wish I would have.
But still short E/U so---
Pennies, I just looked over the charts & n#'s for the weekly unemployment claims. History leans pretty heavily to beating the estimate. Actually often by quite a bit. And propaganda machine needs a good # because it's almost the only thing that the masses really seem to care about.
I am putting my money on the dollar positive side for this morning, but not all of it.
Unemployment #s will get better as time goes buy, because the people in this situation are now falling off the list & signing up for welfare. Hmm, Wonder why they dont report that weekly...
Yes, I know. The Brits. must still have a ton of shares to unload. Maybe they want to send it back into the penny stock category. Never thought that I would see these prices again. Fortunately I did not buy back in to high, but high enough that it's starting to hurt. Probably need to cost avg down here pretty soon.
Well, you where right, and charts where right, this morning. So c'mon Ben!!!
Gotta go out for a couple of hours now. Catch y'all later.
Yo guys, we have Bernanke speaking starting in about 6 minutes.
Hopefully will not amount to anything, but I set a stop loss just in case.
SG, Gonna be in the ballpark of post # 122894 or maybe just a little bit earlier. A compilation would be a great thing, but sounds like a weekend project.
Thanks for the idea SG. I just closed long UC for 30 pips and went short EU. EU looks like a first hit on the weekly. Kinda funky lookin hit on the daily, but none the less shld be ok. Hourly in SZ also.
I like the 30 pips. In the past, I probably would have blown out of the trade with 10-12 pips & been happy.
My first successfull trade with this thing. But you guys have a weeks head start on me.
Thanks stargate. Looks like strong at .89250 (1D) also. A demand zone on the daily is working now also.
Went long 1 UC here. If it breaks the 1H zone, I'm out in a flash.
Pennies, that was an amazing call on GU. Off by .5 pip so far. Looks like they may be pennies hunting your take profits!!! LOL
THAT JUST PROVES THAT THESE SYSTEMS CAN RIDE THE CORRECT SIDE OF NEWS IF EXECUTED PROPERLY.
OHH BOY, we have Bernanke at 3:30 this afternoon. He will smooth over all of the crap.
Yup, news is high risk time. But in a normal (non govt shutdown) market, the system should run correctly thru it most of the time.
I like your UJ long at 1H demand zone with no hits on it. Think I will watch tat one closely, with a stop if taken. Not much more winging it without stops anymore for me.
Thanks pennies. Well, just took myself out of the EU short. Dragi speak hittin hard. Small loss. About 1/2 way to my stop loss.
So far, nott off to a very good start with this system. But will stick with it for a while. Has potential in the right kind of market.
Morning pennies. Thought you might second guess the GU. I dumped the last of my GU shorts just before the payroll report. This cleans the slate for me. Had intentions of holding it a lot longer, but spooked by this govt. shutdown thing. Lots of people are saying it could last for weeks this time. People will certianly loose all faith in the dollar if it even continues for 1 week.
Got stopped out of my UJ last night.
Still in my EU short with a stop. Did not move much last night.
Now completely free to trade this system.
Pennies, do you have a link to the Support And resistance indy that you are using?? I looked around on FX but found several versions. Want to get the right one.
Yes to lots of zones below UJ, but auto's kicked out a fresh zone not to long ago. And I'm thinking it will go to the supply zone that has not been touched yet before turning south.
Will see what develops, but it's modestly in the money for me now.
Check out the EU guys, Daily touched the supply zone on yesterdays bar. I been short for about 4-5 hrs now, but they won't crack it even i pip below my price. I think it could be set up for a real nose dive, just like the GU.
Also went llong UJ a little while ago. Out of 1H demand zone. At least it's givin me a little right now.
Well, most of the time I would agree. But my idea so far regarding how I want to trade this thing is as follows.
I will take the trade based on proximity to the zones. If the trade goes the wrong way and breaks out of the zone on the wrong side, then I am immediately going to exit the trade with a small loss. If the trade goes in my favor, then the pip count should be more than enough to make up for the small losses
Gona have to think like the banks. Give away the change, but keep the bills. That's what they been running on us for years now. Just gonna try to reverse it on them.