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  • #61
  • Jul 29, 2012 11:56pm Jul 29, 2012 11:56pm
Im looking forward to long USD/Jpy. The Japanese economy is slowing down. their currency is too strong for them. Im not saying that BoJ will intervene, but this pair is showing more and more sign of bullishness
Alternatives are more important than the plan itself
  • #62
  • Jul 30, 2012 11:39am Jul 30, 2012 11:39am
Silver is moving upward, but I will not enter this pair until the Fed meeting
Attached Image
Alternatives are more important than the plan itself
  • #63
  • Jul 30, 2012 11:50am Jul 30, 2012 11:50am
hi melo how was ur day?
No place for mistakes
  • #64
  • Jul 30, 2012 12:09pm Jul 30, 2012 12:09pm
Quoting Soldier
hi melo how was ur day?
bad so far. My position on Oil isnt doing well. I cant close it yet because there is still risk that it will move upward.

What about you, have you made profit so for this week. by the way, I was trying to post in your thread, but I cant cause I dont have a vouch.
Alternatives are more important than the plan itself
  • #65
  • Jul 30, 2012 11:54pm Jul 30, 2012 11:54pm
Quoting -Melo-
bad so far. My position on Oil isnt doing well. I cant close it yet because there is still risk that it will move upward.

What about you, have you made profit so for this week. by the way, I was trying to post in your thread, but I cant cause I dont have a vouch.
now u can post, u are in my friend list.
No place for mistakes
  • #66
  • Jul 31, 2012 9:09am Jul 31, 2012 9:09am
I dont think that the Fed will talk about QE3 on his next meeting. we just dont have enough bad news for that. If he doenst talk about QE3, gold and silver fill fall off the level they are right now


My oil position is not doing well so far, Im thinking of closing it
Alternatives are more important than the plan itself
  • #67
  • Jul 31, 2012 9:58pm Jul 31, 2012 9:58pm
What i bad trade I made. If I had look a little closer, I would have seen that we touch a small fib 61.8. But I will stick to my plan and let the position close when it touch the stop-loss point
Alternatives are more important than the plan itself
  • #68
  • Aug 1, 2012 11:22am Aug 1, 2012 11:22am
Closed my position on oil. I was wrong since the beginning and its better to keep minimum losses and avoid incertainty. If we break the hight of the week, I might go back into crude oil.

I spent so many time on Oil that I ignore an important signal out of EUR/USD. in 2 hours, the fed will have its meeting and it might give me a good opportunity to make profit out of gold and silver.

GBP is so week, fundamental support that weakness though
Alternatives are more important than the plan itself
  • #69
  • Aug 1, 2012 9:18pm Aug 1, 2012 9:18pm
The Australian trade balance was positive. I opened a position on AUD/USD. I wanted to open one in GBP/AUD, but something good could happen in UK during the night so I will wait tomorrow.


Overall Im having a bad week. today I lost about 4$ in gold on my live account. I made 50 pip on USD/Jpy, but its a longterm position that I will close in few months. I might catch few bucks on gold at the end of the week or next week, but maybe its better that I finish my practice on demo before trading on live, even though I trade only few position
Alternatives are more important than the plan itself
  • #70
  • Aug 1, 2012 9:19pm Aug 1, 2012 9:19pm
Quoting -Melo-
Closed my position on oil. I was wrong since the beginning and its better to keep minimum losses and avoid incertainty. If we break the hight of the week, I might go back into crude oil.

I spent so many time on Oil that I ignore an important signal out of EUR/USD. in 2 hours, the fed will have its meeting and it might give me a good opportunity to make profit out of gold and silver.

GBP is so week, fundamental support that weakness though

Im so happy that I closed my position on Oil, if it was open, the loss would be a lot more bigger. I might catch up on oil next week
Alternatives are more important than the plan itself
  • #71
  • Aug 3, 2012 7:35am Aug 3, 2012 7:35am
I cant believe that we got such a positive number out of the NFP. No I see euro down for longterm
Alternatives are more important than the plan itself
  • #72
  • Aug 3, 2012 1:25pm Aug 3, 2012 1:25pm
what a terrible week
Alternatives are more important than the plan itself
  • #73
  • Aug 3, 2012 1:45pm Aug 3, 2012 1:45pm
Hey, it happens, just brush it off and keep it going. By the way, whats your reason to keep selling Eur. Is it some technical involved, or is it all fundamentals? I mean, the push up has been pretty strong, where is your cut off point?

I also wanted to add, moves like we have seen the last couple of days really blows out accounts, because i think, sometimes we can get locked into one view set as to why price has to go a certain way. Always remember, price is king and will do what it wants, regardless, and that means, the outlook can change at anytime.
  • #74
  • Aug 3, 2012 1:46pm Aug 3, 2012 1:46pm
Rest well.

Enjoy the weekend and not thinking about the market until next week.
  • #75
  • Aug 5, 2012 11:54pm Aug 5, 2012 11:54pm
Quoting duyk20
Rest well.

Enjoy the weekend and not thinking about the market until next week.
thank you mate. Yes maybe I need to rest a little bit. I started with bad decision last week, and then I over trade.
Alternatives are more important than the plan itself
  • #76
  • Aug 7, 2012 10:24am Aug 7, 2012 10:24am
We can see that the market have difficulty not to break, but to touch the fib 61.8. 12 ET, if we dont cross the fib 61.8, I will short the EURO
Attached Image (click to enlarge)
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Alternatives are more important than the plan itself
  • #77
  • Aug 8, 2012 12:34am Aug 8, 2012 12:34am
Quoting -Melo-
We can see that the market have difficulty not to break, but to touch the fib 61.8. 12 ET, if we dont cross the fib 61.8, I will short the EURO
Made 27 pips on this move. For now, I dont see anything else to trade. I will have to wait and see if anything happen
Alternatives are more important than the plan itself
  • #78
  • Aug 9, 2012 1:15pm Aug 9, 2012 1:15pm
I wasnt really active for the past few day. there is not clear way to go for now. I will have to wait a little bit more. Normally when I cant see anything in the EURo, I move on the Yen, but even the Yen is inactive
Alternatives are more important than the plan itself
  • #79
  • Aug 11, 2012 12:28pm Aug 11, 2012 12:28pm
I wasnt really active this week, but I did make few pips. On my live account, i closed my position on the USD/JPY. I made a total of 35 pips on the EUR/USD this week. You wont be able to see it on my explorer since I traded these pip on my dukascopy account.

Right now, Im participating in their contest and Im aiming to end up in the top 50 for this month. Feel free to visit my page, every click I get is an extra point on my total score :

http://www.dukascopy.com/traderconte...og&trader=Melo
Alternatives are more important than the plan itself
  • #80
  • Aug 12, 2012 12:36am Aug 12, 2012 12:36am
On thing i didnt see this week was that we reached an important fib level on the daily chart :
Attached Image (click to enlarge)
Click to Enlarge Name: eee.gif Size: 16 KB
Alternatives are more important than the plan itself
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