DU
Duane
Rep: 100
Posts: 1,095
Happy Fathers Day to all the fathers on the board. I hope you all enjoy the day. I will be spending the day with my son and his girl on lovely Lake Hopatcong as by next year this time it will be Happy Grandfather's day!!! Due on my my birthday Aug 7. I am thinking that she should be called Duana, however my son has other thoughts. :(
DU
Duane
Rep: 100
Posts: 1,095
Short Loonie, H1 looks bearish, H4 looks over sold, Biweekly looks like a SELL!!! Just TL breaks, but if dollar is weak??? Oil is weakening....
Click image for original size
Click image for original size
Click image for original size
DU
Duane
Rep: 100
Posts: 1,095
All the signs were there. Just missed it, Adapt of perish.
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
I loved to trade British Pound vs USD, but this market along with the rest of FX is dead most of the time. With all central banks performing the same QE and keeping rates low there is not so much going on.That is why I switched to Nasdaq.
Originally posted by Duane
BTW AL your stock charts look quite fluid. Forex is a dog at right now. Change of venue??
MA
MarcinO
Rep: 67
Posts: 5,506
Nasdaq poised to hit 7820-40. I am playing along, but to be honest I don't get this market. With the Fed decision yesterday and prospect for rate cuts, there was nothing that hadn't been already priced in, yet the indices started march up, but waited with the best part till Asian and early European session. To summarize - something stinks. I wouldn't be surprised if the whole post decision advance turned out to be fake, so on any sign of weakness at the area I will be more then happy to reverse my position.
Click image for original size
AL
albert
Rep: 99
Posts: 3,094
When the grandchildren are quiet, something is up.
Al :--)
Al :--)
Originally posted by Duane
WOW AL, that sounds like Fathers Day and Christmas all in one. Can't get better than that. I'm going to have to hit you up for some grandparenting tips, sounds like you are quite adept!!
Originally posted by albert
It all sounds cool, guys. I enjoyed Father's Day/combined Birthday celebration with my wife and my 2 sons (39 and 37 years old), their wives, and four very energetic grand children. I really enjoyed spending the time with them. Some of us watched YouTube videos cast onto our TV screen. Some of us spent the day running around the house and chasing each other, and making drawings.
Al :--)
AL
albert
Rep: 99
Posts: 3,094
Duane,
Thank you. Your charts are awesome, so clean and sharp!
Al :--)
Thank you. Your charts are awesome, so clean and sharp!
Al :--)
Originally posted by Duane
Well done Al. I salute your diligence. Your charts are great!!!!!
Originally posted by albert
One more time, please. The conclusions I came to are based on only a few charts. I looked through a file of past charts with Gold Crosses, and found that the situation is more complex that I thought. No surprise. Sometimes price makes a Gold Cross, than heads down. I will try to come up with a better discussion of the setup. More later.
Al :--|
Originally posted by albert
Oops again. Paper trading. I did not have any options on ZYNE, just some stock. I do have some call options on GIS in my paper trading account.
My apologies again
Al :--))
Originally posted by albert
Oops. Zyne was more like a 40 percent rise.
My apologies.
Al :--)
Originally posted by albert
Just looking at my daily paper trading results. Two of my active winning long term option trades, GIS and ZYNE, have similar five features: 1.) A top, 2.) A Bottom, 3.) A Gold Cross, 4.) A fibo retrace to a significant fibo, such as 0.886 or 0.618, and 5.) a subsequent fibo retrace to the 0.300 - 0.382 area with STO OS, followed by a roughly 10% gain.
Al :--)
Click image for original size
Click image for original size
Click image for original size
Click image for original size
Click image for original size
