Thread: Luxuriant

Cant seem to get it right on this pair. Closed EUR/GBP short. Looks like further correction coming ABC. Move to the top of the trend line. Planned entry for new lows. We shall see. No risk at this time.

Didn't like my entry. But got lucky. Look for further NZD losses.

This rookie trader learned a lesson this week. Even if its oversold, it does mean it won't go lower. AUS,USD,GER bonds at record lows. US 30y bond at a 60 year low. Retail investors fleeing the US stock markets, because they got in at the top. OIL at record supply levels, and leading the charge down. Oil at 87.00 headed to 75.00. Amazing, what takes the bulls month's to achieve. Bear's can take down in weeks.
I see the S&P ready to take another leg down, and King dollar topping. Strange how trader sentiment is positioned the other way. I was not trading FX in 2008-2009. I wonder if sentiment was also on the wrong side back then. S&P close at 1313, look out 1290 support break, ouch! CRB index crashing down. $VIX spiking up. Tomorrow's US markets could be ugly, with the ECB still on the sidelines. What can the ECB do without threating its own existence.
Can the FED offer US dollars to the ECB. Seems unlikely.
Got to trade 5 waves down, no more than 3 up. Until I see a reversal.

You got it!! Good for you! I got burned by NZD/USD at thefirst of the week. Take a look at what NZD/JPY has been doing during the same time. Just makes you wonder sometimes what I was thinking?

Slim

[QUOTE=Luxuriant;1167732]Didn't like my entry. But got lucky. Look for further NZD losses.

[/QUOTE]

Originally Posted by Slim

You got it!! Good for you! I got burned by NZD/USD at thefirst of the week. Take a look at what NZD/JPY has been doing during the same time. Just makes you wonder sometimes what I was thinking?

Slim

[QUOTE=Luxuriant;1167732]Didn't like my entry. But got lucky. Look for further NZD losses.

[/QUOTE]

Hey, I got burned up at the 82.00 level looking for a big drop. All the chop made me close out with a loss. That happens, your thinking is right. But I won't take a big loss. So I can trade another day. Revenge time! LOL

Trend is up. But example of my pain threshold. Look for another (better) entry. 30 pip loss so I am out.

Hey, Slim

I post to much. But I love to talk trading. It is so freak-en fun. If you were sitting in front of me. I would talk your ear off, and try to learn from you. I try to go back, and look at my trades that went wrong.What did I not see? I am also studying EW. EW will take years to learn. I was looking back at the NZD/USD chart with all the chop at .8200 to .8250. Wondering why I missed the nice drop? When I was short, and expecting it.


I didn't see the EW correction flat zigzag zigzag, or flat zigzag triangle. The latter is probably what happened. The diagram would be inverse cause it came down, and corrected. (Bearish correction) I am no expert. But that is what I missed. Could be missing something right now. LOL

O.K. get back up here and tell us something will you? It took me 20 minutes to find Your thread it had fallen so far down the list. At least stop in once in awile and say hello or complain about the weather. What do you say?

Slim

Originally Posted by Slim

O.K. get back up here and tell us something will you? It took me 20 minutes to find Your thread it had fallen so far down the list. At least stop in once in awile and say hello or complain about the weather. What do you say?

Slim

Hey Bro

Doing well. I want it to fall to the bottom. LOL To much work keeping up with your own thread. I think I post to much now on the forums. May limit my self to 1 post a day, or 5 in a week. I will stop in from time to time to say hello. Peace to you Bro!