Pennies, you weren't carrying over the weekend I hope!

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that gets you in, then view site and navigate to what you want...

I sent you an email in the reply to the inner circle email... thanks

Ok, I was looking for a link for the video on next week's picks. thanks

I didnt see the link, still dont after reviewing it several times. I see the link for the recap of last weeks, with 4 views on yt. Could you possibly send it in an update or something?

Question for the group.

Does anyone have a good handle on which pairs have the volume at what time of day? I have been getting up at 2am central to trade London, then working all day and going to bed with the chickens. Are there any pairs that trade with volume during the Sydney session, or early Tokyo session? I had been a e/u mainstay, but I'm willing to venture to other pairs if I can get some extra sleep...

Here is where I have trouble... any advice?

20 & 62 open up at 1, base line moves above the 50 at 2, but the price action is away from the 20 for a touchback... do you wait? if you do are you missing the run? Also BTW, if I measured correct, this is a 110 pip from the last high where I set the fib box...

all comments welcome.
thanks,

Thanks, Ive been trying to watch for a setup to use the KISS but havent pulled the trigger on one yet.

Nice Job! Which pair? Also what time frame have you been using to watch for triggers?

UJ has made a 50% pull back... might be time to continue the down trend...?

I was going to go the other way... how about this is the start of this major down move, look at the similarities on the daily back in October and June...

Would be nice to get some support here and take the nearly 95 pips back to the 50 on the retrace.... just such a strong $ today... may not be done.

The thing that caught my eye was the quad tunnel on the hourly was starting to flip and the 15 already had, granted there was some scalping opportunities but I didn't see a KISS setup forming, yet. You could probably make some good bank during this consolidation and reversal phase with the supply / demand forming a nice channel. Anyway, thanks for the lessons! I'm out to prep for the nights activities!

See ya next year!

I'll be the first to publicly announce my New Years Resolution!

My resolution is to plan the trade and trade the plan. Period.

I am working really hard to learn that the trade is right when it meets the plan, not when I want to be in a trade. To me, this will be a key part of my success in 2014. My goal for 2014 is to sit here this time next year and realize that my trading income has surpassed my 'day job'. That's my goal, and that's my resolution!

Good to be back home in the SG Room!

Been out of the mix for a couple years with a brick and mortar business (side business), closed that up this fall and now looking to get back full speed into trading. Touched base with Pennies a couple days ago and have spent the holiday break watching y'alls videos and getting my bearings... BTW hows the roadkill down in your neck of the woods? lol

why? (trying to learn) I don't see any triggers that would indicate a run down, or is this a simple scalp off resistance?

SG, could you interpret this and tell me if I get it...?

From Oanda

Long-Short Ratios
1. AUD/JPY
80.43% 19.57%
2. USD/JPY
78.54% 21.46%


Open Position Ratios
1. AUD/JPY
5.19
2. USD/JPY
9.19

So if Im to understand this, the open positions is the % of the majors that the money is in... and the Long-short ratio is which side the money is on...

So for USD/JPY, Oanda says that 9% of the major money is in play, and out of those money people, 78.5% are long. Would the rule of thumb be follow the money, or would one think the opposite?

SJ

Afternoon all, hope everyone is staying cool...

I may be late to the party, but I just noticed that Oanda has added a 4hr and 8hr chart to their platform. nice!

Has anyone had any issues with Oanda MT4 demo? Everytime I try to load it my entire system locks up and I have to do a hard reboot. I first thought it might be the Avast! but I disabled it and it still froze. I was able to open Alpari MT4 demo, so ???

Noticed divergence on the 15 min e/u, and even looks a little on the one hour... I would think one last push tonight through London session, topping at say... 1.4282 (revisited from from 11-03-10)?

Well I decided to set a limit buy on e/u at 1.3923, with a sl of 15, a ts of 20, and a tp 50 down the road. That should be right at 3973 which I show to be smack at the upper trend line from way back when, and a long term fib, and HOD from earlier... we shall see. I really dont suspect London will break that trend with NFP coming out in the am, but I also think the support at 3920 should hold... I hope. Nite all.

Evening all,
So what are the thoughts on e/u setup, trying to kiss the HOD, with the massive move this morning.... Dont forget NFP tomorrow... One would almost think it can only go down...
BTW, I was long all last evening, when it was flat, I waited and waited just knowing it would take off and bust yesterdays highs... it drifted and drifted, till I got to nervous about 1030 central last night it looked like it would fall apart, so I took the loss (about 20 pip) and went on to bed. Woke up this morning and it had indeed dropped but was back in the range where I left it, then to work and by the time I got to check in, say around 900,, WOW. in hindsite... should have left that long to run... not very often we get the ADR in one 30 min candle, unless its NFP... tomorrow.

Hey Pennies,
What do you think about this for e/u

limit short 1.3783 with sl about 12 or so, and a tp at the 200ema around 3737. That should be a decent 45 in the bag in the next couple hours, huh.
edit: 200ema on hourly

If you look at the big picture chart, the top trend line on the daily we return to it around 3720, and the bottom trend line come up to join around 3660, plus the ma in the area, looks like we may come back and kiss it, before heading north again...

OT: Are any of y'all familiar with the Houston area? Reason I ask, Ive been offered a position there, but have no clue about the area and am curious of which suburbs are decent, which to avoid etc... Anyone that cares to comment, drop me a line at
side_job@sbcglobal.net
Thanks, SJ

Well I give up buddy. I took the loss, had been moving my stop loss down as it went, but it took the hit at 3588, so Im out after what seems like forever, well 4 days anyway. So Im down a little, but now you can ride it up!

Well in re-evaluating, I have moved my tp up to 1.3551. I think any more than that I'd have to squeal.

Yep, Im much better, but still waiting on my target... 1.3491
Then I'll be HAPPY!

No, someone is very happy....

ssshhhhh... dont jinks it... some of us still need the down turn to get out from underwater...

That would be good huh! I quit trying to figure out which news would be good or bad for a pair, seems like every time I thought "this would be good for the USD" it would go against it... so about all I can do now is figure news like that will add volatility to a pair, either to my favor or against. At least it wont be stagnate. Tomorrow will be interesting, for sure.

I wouldn't confuse brave with stupid. I guess I'm more hard headed than anything. We will see how it works out tomorrow afternoon.

Well I decided to hold on over the weekend, I really expect to see it fall during these off hours, and plan to evaluate it around 2pm central Sunday to see what can be done. It seems to me, that it just doesnt have that much more leg room up, and will need to reset before much longer... today was a hard push, makes you wonder just who was the 'biggies' that dumped the usd today.

I wish someone would remind those guys that its Friday, and they should take their profits and go home early. It's like the energizer bunny.... lol. The only thing that will stop this bull run is if I eat the loss, and take a long position... then we will drop short 150. Thought this pair had passed the ADR already.
anyone got any cheese to go with my wine. Ok, Im done now.

Makes me sick, I watched it bottom low on the 415 candle, and thought, thats good, get out... it's Friday. Then I thought, well, we have made it this far through all the rough levels, should be smooth sailing from here... HA! Bulls make money, Bears make money but us PIGS get slaughtered. Now it is pushing the upper trend line... who knows if it will hold. Maybe, just maybe once London closes, the Bulls will take their profit and quit for the day...

well I show wave 1 higher by 1.3 pip. So bring on the violent down turn!

WELL SCRATCH THAT.
While I was typing it blew the door off... gotta find an out now.

somebody should have told Ben, if he didnt have nothing good to say (about our USD) not to say anything at all. This is not much fun... like someone forgot to tell us about a NFP release. ugh.

wouldnt you know it.... just when I was in the green, what the heck happened? Don't see any news that would make that spike.???

I sure would like to see that 3370, I might just move my tp down to 3380, and close my eyes! LOL

Down would be good, still suffering from stupidous maximous...

Im with ya on this on Pennies... if it heads north im in trouble... .ugh.

I really need e.u to turn and tank south... I done got stupid this afternoon and got behind the 8 ball. looking for 3430 as a tp... well thats my wish anyway. ha!