Archive for July, 2008
Wednesday, July 16th, 2008
EUR/USD Stopped Out
Despite all our good intentions, our trade between the Euro and Greenback was stopped out. The price action could not penetrade 1.5920, and reversed. While the moon was high in the sky, and we were walking around dreamland, the price did manage to poke above the 1.5920 range for a few hours. Then as it [...]
No Comments » - Posted in Forex,Learning,Risk by wdevauld
Tuesday, July 15th, 2008
Moves on Volume
Equivolume charts are great for visualizing movements that are re-enforced by a lot of volume. Today’s scan turned up another re-insurer for the downside: Equivolume -ACE For the upside a service provider: Equivolume-CSGS Tweet This Post
No Comments » - Posted in Charts by wdevauld
Tuesday, July 15th, 2008
Equivolume for the Majors
Here are equivolume charts for some of the majors: The Diamonds The Qs Spider Tweet This Post
No Comments » - Posted in Charts by wdevauld
Tuesday, July 15th, 2008
Where is EUR/USD Going?
If you take a look at the daily chart for EUR/USD, you can see the pair has been trading between 1.53 and 1.60 since April. No trend has really shown itself, as the price has failed to establish a pattern of direction in its highs and lows. The price has been running up since mid-June, [...]
1 Comment » - Posted in Forex,Journal,Opinions by wdevauld
Tuesday, July 15th, 2008
The Rules
I mentioned earlier that some rules were broken, which resulted in larger than usual losses. At the time, adding another rule to the list, seemed like an excellent idea. At the time, I had 8 trading rules, and adding another brought the total to 9. This number is outside the total that the average human [...]
No Comments » - Posted in Learning,Risk,Strategies by wdevauld
Monday, July 14th, 2008
Gross Net
Tried to profit off of movements of the Greenback using Euros, Loonies and Yen. My own currency kicked me in the teeth a couple times, and good risk management stopped the bleeding before it got too bad. Through out the session I managed to squeek out a small gross profit and loss. What makes it [...]
No Comments » - Posted in Forex by wdevauld
Sunday, July 13th, 2008
News
The Federal Reserve released a significant piece of news today. It would appear that the federal government of the US is going to allow for any amount of monies to be lent to the two largest mortgage backers. The Bulls will see this as the ultimate backstop from which to rebuild the flailing finance industry, [...]
1 Comment » - Posted in Opinions by wdevauld
Friday, July 11th, 2008
Spanked for Disobeying the First Rule
I made a terrific, novice blunder. I’ve been watching for a place to enter a long position on USD/JPY because it has been trending nicely for the last couple of months. A few days ago, I entered a position near near where it was apparently moving towards the bottom end of the trending channel. Expecting [...]
1 Comment » - Posted in Learning,Risk by wdevauld
Thursday, July 10th, 2008
Interesting Equivolume
Today there was some big movements on a lot of volume. Here are some equivolume charts: Rohm & Haas Company is a specialized chemical manufacturer that is going to be purchased by Dow Chemicals, which spurred a massive one day gain on tonnes of volume. The usual rise in price of the purchasee and fall [...]
No Comments » - Posted in Charts,Opinions by wdevauld
Wednesday, July 9th, 2008
High Probability Setup
USD/JPY has been trending upward for the last few months. Normally it’s against the rules to trade against the prevailing trend, although there was a setup today that is hard to pass up. full sized image There was a selloff that tested the 107 – 107.02 region. The support level held and the pair rallied [...]
