Just finishing up my weekend chart work, and thought I'd comment on my structure analysis this weekend. I am factoring in an increase in political risk related to the USD, given the debacle unfolding in Afghanistan. I would not be surprised by a ...

Flying Dutchman

Hi RickM, I was involved with the G$ and E$ today. After yesterday, I was ready for a continuation to the down side in the G$, but it showed a clear sign of a reversal this morning and I got two buy trades in by 5:10 PST, and rode them until the end ...

Flying Dutchman

Regarding the EJ, and for anyone who is still following this discussion, we finally saw the break south that this pair has been signaling for most of the week. Not saying this is going to be a persistent move south, but it does prove that is you are ...

Flying Dutchman

Retracement trading on the G$ this morning, now holding for the next target at 1.3865. Same trade in the E$, now holding for target at 1.1807. Stops are tight but some room to maneuver. The EJ remains in its funk and might be on the trade list next ...

Flying Dutchman

Right. I'm looking for entries now to take it on through to 1.3768, then 1.3730'ish. PA obliterated the target at 1.3803. I took at look at BWilliam's CAD trade today. I was a buyer on a break above 1.2525 or so. After reviewing it, his was a gutsy ...

Flying Dutchman

First target is 1.3803, then 1.3768'ish. Loaded up with 3 trades on this thing, protecting about 70 pips with a stops at 1.3835. Edit: moving stop to 1.3822. Getting late in the morning. Edit2: moved stop to 1.3815, as PA came within 3 pips of my ...

Flying Dutchman

EJ update: Now watching for a break below 129.40. The strongest move in the last few days. No trade yet.

Flying Dutchman

I've been expecting the EJ to fall. Today I've been selling G$. I'll wait for a bread of 129.40 to move back to the EJ. Good trading!

Flying Dutchman

The EJ started the week on the bench and has now returned to the bench, after a few scout trades. Any other thoughts please let me know. For me, it stays on the bench until the triangle is cleared. It still has a "leaning south'" feel to it, but ...

Flying Dutchman

I am short the EJ again at 129.67. Stop is 129.77. First target is 129.40, then 128.92. The trade of the day was in the EA. I built a 4 trade position this morning, targeting a fib extension at 1.5904, and it really took off. I removed 2 of those ...

Flying Dutchman

EJ scout was removed at 129.650. PA has moved out of the range and seems undecided right now. I'll keep an eye on it throughout the morning. At this time, I am flat and see nothing interesting, US CPI coming up. Edit: quick note about this 4 pip ...

Flying Dutchman

My EJ scout is still alive. Time to get to work. Hope you guys had a good night.

Flying Dutchman

I'm flat on the EA and GA, having a good day with both, and will leave the EJ scout to fend for itself tonight. Back in 6 hours or so to do it again.

Flying Dutchman

Target is 128.90 for now. It's just a scout, risking only $200. But the idea is to build something if it progresses, by adding trades to build a position. Breaking out of the range is next development to watch for. I have build fledgling positions ...

Flying Dutchman

129.606 to be precise!

Flying Dutchman

I've taken a scout trade on the EJ near the top of the range, sell at 129.61. Stop is at 129 81. Edit: adjusting stop to 129.89 to give this little scout some room. Breaking out of the range to the upside, adjusting retracement targets.

Flying Dutchman

You wanted to talk about the EJ, which today made it to my trading list. Here is a chart with some of my thoughts included: Edit: I aggressively sold the EA and GA today, skipping the EJ. But I will be watching the EJ for sell opportunities with ...

Flying Dutchman

This made me laugh...

The brutal truth of day trading

The EJ didn't make my trading list today. But good luck with it.

Flying Dutchman

If the G$ breaks below 1 3833/35, a green or up candle is less likely. What trade are you thinking about?

Flying Dutchman