Best Thread Potential setups

[skelly22]

Gold Long

A bit late but a long on gold off 930 looks good. Resistance becomes support at the 61% retrace to feb 10th. Might have another retest tomorrow for a double bottom.

Shane

 

[rags2riches]

eu 12700 bounce, gu false break (again)

get orders in with a stop n reverse

 

[Technically Fundamental]

Ftse to trade below 3800 and close low, gold to trade above 950, pound 143 high at lunch then to fall after cheery old Mervyn K hits the headlines

Lets see if I can spec from news and chart patters lol.

 

[chilltrader]

So... my plan for the Bund is now:

a) Long Order @ 125.20, Stop 124.80, 1st target 125.50
b) Short Order @ 124.20, Stop 124.60, 1st target 123.90

Amending the long order to

Long Order @ 125.15, Stop 124.75, 1st target 125.45

 

[trader_dante]

Amending the long order to

Long Order @ 125.15, Stop 124.75, 1st target 125.45

I'm stopping out of my short at 125.04.

Not taking any longs on this at the moment.

 

[chilltrader]

I'm stopping out of my short at 125.04.

Not taking any longs on this at the moment.

Is your S&L access working now or are you still locked out from the ATM :cheesy:

 

[glyder]

Oil -US crude has hit its 50 day MA, a pin bar @ 7pm marks its peak for the time being, I'm looking for a pull back to 42.50 ish (area of congestion and just before the 38% fib from recent peak)

 

[rollsafe]

Shire Pharma 2nd update

I havent posted in ages........ hello all the old boys, if you're still following.

Check the chart.

Shire Pharma 2nd update

 

[glyder]

Gbpusd H&s?

can anyone help on this one? I just may be seeing things!
Is that a H&S building out on the H1 cable...?
If it is & it breaks = a possible test of the lows.

 

[trader_dante]

Is your S&L access working now or are you still locked out from the ATM :cheesy:

Busy with my other ATM's at the moment...I was talking to another trader here this morning as we wandered out for an early lunch...right now, these equities are "free money"...not a term I like to use because inevitably everyone hates you for saying it...but it is true...just sell a rally, short and hold...sure it won't last forever...but right now it's such an easy play.

Dow will go below 7k today.

Interesting to see exactly how it responds to GDP though. I favour the S&P to break the double bottom sharply as stops get hit and then spike back above it as "fear" that it won't hold comes in etc...same old story...either way...wait for it to settle down and then hit it short.

 

[chilltrader]

My Bund long got triggerd

Will update on how it goes

 

[Technically Fundamental]

you made me soil my record. I took out 5 contracts on a "certain" short on the bund. I didnt put a stop on. Now my demo account is down 2.5k. How the f does it keep rising forever?

 

[chilltrader]

Amending the long order to

Long Order @ 125.15, Stop 124.75, 1st target 125.45

Gotcha

 

[trader_dante]

you made me soil my record. I took out 5 contracts on a "certain" short on the bund. I didnt put a stop on. Now my demo account is down 2.5k. How the f does it keep rising forever?

I sold it at 125.24 and covered it at 125.04...no reason for you to have taken a loss on it...

Dow will go at least to 6950 today. Take my word for it.

That 75 points will make up for any screw up you made on the Bund.

 

[chilltrader]

I'm loving this Bund thingy ;-)

Still don't know what it is.

 

[dilesh23]

Shire Pharma 2nd update

nice

a few quick questions if you dont mind
Are there many differences you have found when trading stocks instead of indices and whats the best way to go about it - spread betting or something different ?

heres something from my HotSignals thread that might interest you

http://www.trade2win.com/boards/us-stocks/54208-hot-signals-looking-good.html

 

[dilesh23]

Update of yesterday eur/jpy :

Now maybe time to cover a few costs

 

[MrGecko]

Any of you guys watching the Bund might like to take a look at a 10yr chart too... if the PA develops there could be some good shorts here.

 

[Technically Fundamental]

I sold it at 125.24 and covered it at 125.04...no reason for you to have taken a loss on it...

Dow will go at least to 6950 today. Take my word for it.

That 75 points will make up for any screw up you made on the Bund.

I stopped using stops because sometimes I was too eager shorting the indices because I'm in work and dont really have time to continually follow the market and it was swinging against me before coming back down to me. I will start using them again.

I didnt know they were announcing US GDP so i missed that one. Also I thought the FTSE would fall on Mervyn Kings sdtatement that the banks are gonna need more money but now I'm guessing that the fall is due to US GDP being used as an indicator.

 

[grimweasel]

Nice 1hr Pin on usdyen.
Confluence with SR level at 97.00 and the H4 20 ema.