Comments on: Thread for Thursday/Friday Traders, July 15/16, 2010

By: Jerry Nissen

Jerry Nissen — Fri, 16 Jul 2010 11:40:11 +0000

my worst month ever…….. enough….

By: Aby David

Aby David — Fri, 16 Jul 2010 10:11:13 +0000

My other question to everyone is, with all the massive talk of huge position building against the EURUSD, what happened to all that ? Are people really coming back to the EUR or are they just leaving the USD ?

By: Aby David

Aby David — Fri, 16 Jul 2010 10:06:39 +0000

Where is everyone so far … any buys for anyone on the GBPUSD EURUSD USDCAD … going well ?

I am long GBPUSD, I should have bought the EURUSD but i have an aversion to that pair and got the creeps … I sold the USDCHF and sold the USDJPY and that tanked out for a big loss so I am hoping the other trades will bring me back and I am long GBPCAD I figured if the USDCAD is on the up and the GBPUSD is also going up I’d rather be a GBPCAD guy, you guys should check out this pair, there’s not much testing you can do on it cos no one has any historical data, (eventhough you just have to multiply the 2 base pairs) so the only real testing I have done is live (for 4 months now) and there are some rules you learn about it but I am starting to like this pair, it has no idea what its doing most of the time, but once you time your break this thing moves 800 pips without turning back, no retracements !!! if you wanna know more let me know …

By: Aby David

Aby David — Fri, 16 Jul 2010 09:51:16 +0000

Hey Jerry … I guess the USDJPY does what the USDJPY does best …

By: Aby David

Aby David — Thu, 15 Jul 2010 15:56:39 +0000

I haven’t really thought that through, at the moment I just have a hard stop at 86.90 and the PT is still where it is, if i chicken out then I’ll just take it off manually

By: Jerry Nissen

Jerry Nissen — Thu, 15 Jul 2010 15:50:58 +0000

If not great hopes where have you revised your exit point? Or looking for a retracement on Fibo?

By: Aby David

Aby David — Thu, 15 Jul 2010 15:34:51 +0000

I’m still in, though I don’t have high hopes for this trade.

By: Jerry Nissen

Jerry Nissen — Thu, 15 Jul 2010 14:56:30 +0000

USDJPY. We have sharp rejection at resistance 89.142 (my 4Hr chart) at Triffany’s muddy zone – double top? Now possible three rejections at the trend line support – if it holds. The way I read the sentiment its negative and growing. Also increasing negative sentiment on the Daily. With nasty losses, I hang on. Others hanging? on or off?

By: Jerry Nissen

Jerry Nissen — Thu, 15 Jul 2010 14:45:23 +0000

Yaqui, as a counter trender……… you ready to counter the usdjpy slide? or any others?

By: Jerry Nissen

Jerry Nissen — Thu, 15 Jul 2010 13:40:02 +0000

Neither did I say that analysts are liars. FOR SURE…. to the contrary, I said there are many shapes and sizes of analysts…. and described some of the shapes.