There might be a chance of negative divergence, so i am just taking profit from the table since i am uncertain it will go up. also, i think todays data from us is quite positive. Not willing to hold for long



This post has been edited by AdamG1981: Aug 27 2008, 04:04 PM

Moreover, the current price movement can't break the 3 week trendline yet, and we are not sure if Gustav will turn into a strong hurricane once it enters the gulf.

A breakout is imminent, most likely its going to break past the down trendline/

Yes, the bulls and bears are struggling to take command. I have a hunch that the data from US is going to be positive. So i be waiting till 8:30 pm. I am pretty sure it will breakout in the next hr or so.

Long 1.4715, SL 1.4700, TP: 1.4760

This post has been edited by AdamG1981: Aug 27 2008, 06:09 PM

Good luck,

I am green with 25 pips. Sell @ 200 EMA.


Closed position, triggered my TS. 1.4740

10526 EUR/USD Done Sell DAY Stop on Bid 1.4740 --- 1.4740 50,000 50,000 27/08/2008 18:32:34PM 27/08/2008 18:33:05PM ---

10468 EUR/USD Done Buy DAY Limit 1.4715 --- 1.4715 50,000 50,000 27/08/2008 18:08:09PM 27/08/2008 18:08:59PM ---

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Added on August 27, 2008, 6:41 pmNvm, my order wasn't filled at 1.4750. Good luck DS'

This post has been edited by AdamG1981: Aug 27 2008, 06:42 PM

I am going to go long at 1.4750 + or lower.

Long 1.4753, TP: 1.4800, SL 1.4735

Wow, pretty good, i tried to get out but couldnt make it.

Now waiting for the crude numbers:)

You might want to cover as the crude inventories will push oil higher.

This post has been edited by AdamG1981: Aug 27 2008, 09:09 PM

Crude inventories will likely push the euros back to the price i bought. HOPEFULLY.

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Added on August 27, 2008, 9:14 pmI use candlestick , chart patterns , stoch, Rsi, and trendlines mostly.

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Added on August 27, 2008, 9:15 pmWow, i got an eerie feeling that oil will shoot up 6 dollars again..

This post has been edited by AdamG1981: Aug 27 2008, 09:15 PM

Crude inventories @ 10:35 pm


This post has been edited by AdamG1981: Aug 27 2008, 09:43 PM

Instead of a gain, it was a draw. It's quite bullish for crude oil. Now oil traders are watching the path of Gustav, which is projected to hit Louisana.

Long euro 1.4685, +90 pips now. Waiting to short before news @ 2 pm

Closed previous long position @ 1.4790, total +105 pips

Open short position @ 1.4795, TP: 1.4760, SL: 1.4820

200 is the total number of prices taken into account for the calculation of expontential moving averages

No problem.

Why do you like to speculate on GJ?

Pivot points are price points that indicates resistance and support and are calculated via high, low and previous close. PP is mainly used for daytraders, swing traders, momentum traders to enter and exit a trade. Very useful if correctly used.


EU short position 1.4795 open, currently +40 pips.

This post has been edited by AdamG1981: Aug 28 2008, 03:36 PM

Actually i make a lot of money via candlesticks and stochs only. The more indicators i use, the more i lose. SO right now, i only watch for reversal candlesticks before i long or short. (plus stochs)

PS: Occasionally i will use RSI, MACD to double check.

Pre news or post news?

I can make or lose 100 pips post news in my EU trades.

Overall trade today:

EU long position + 105 pips
EU short position +35 pips (open)

Euro zone consumer confidence @ 5:00 pm today, medium significance for EU.

Expectations/Forecast: -20

US economic print

GDP 2nd qtr @ 8:30 pm

expectations: 2.8%

Jobless claim @ 8:30 pm


Will ECB cut rates anytime soon?

This post has been edited by AdamG1981: Aug 28 2008, 03:55 PM