AUTOREFRESH 
The DOW…looks like I was right…again!
By johnmmcconnell || October 20, 2009 at 15:08 GMT
|| 31 comments || Add comment
For all you doubters out there I hope you start to listen to me sooner than later. I tried to tell everyone late yesterday to position themselves for a DOW pullback. If you only half-ass listened you would have made no less than a 50 pip profit in any USD paired currency. Maybe even more than 50, than is just where things currently stand.
By the way, GBP/JPY hits it’s resistance again @ 149.33
I sold cable on that…boo yoo…;)
I’d laugh my as* off if cable closes below 1.6403.
Thanks for your nice directions John — above the clouds
I am edge surfing for now with small bits till’ something good (under 1.49 or up to 1.4970) than…you know what they say “Aloha!…” 
The Gold is coming where it is belong $1052.60 (me thinks, inspied from my last night chart) so dollar..
if it doesnt “boos” & “yooos” welcome
Look at that ALI, gold is again $1052.60 where it was last night (but €uro a little higher, so this is not bad
It was only a matter of time before people started to wake up and realize the economy is still in BAD shape. I laugh everytime I hear someone say the job reports were really good this week because ONLY 200,000 jobs were lost instead 350,000. HELLO! Until the report shows that zero jobs are lost and people are consistantly being hired it is not a good report! Additionally companies that are showing profits right now are only showing them because they have cut everything but the water in order to run as lean as possible, that does not translate into a money making profitable company, as a matter of fact when the economy truly rebounds these same companies won’t be prepared for it because of the deep cuts they have made. Think about it people!
I’m out my GBP/JPY short. comes some support arround 148.43
Yes John, we are on the same page. The key to good results is not ‘beat the street’ or ‘better than expected’ results. Very often those ‘better than expected’ results were achieved by costs cutting or other incomes such as bonds or shares trading by banks.
The key to good results should be revenue growth. Only growth in revenue will show that the economy is rebounding and revenue could be sustained in future. So far company results did not give much clues on revenue growth.
I’m curious, Adje. what support do u see at 148.43?
In theory I agree, but in practice things look quite different. This isn’t the 80′s anymore. Market has changed and we have to adapt else our accounts willbe blown out the water.
Sept 25th 2009 Anthony
The hour Ichimoku cloud.
Now I wait with some patience to re-enter again in case it gets back to 148.82 with stop 149.15
Looking at the daily cloud looks like GBP/JPY should close above the 148.60 tho.
Ion’t trade anymore for today. fun is over.
Ok. Thanks Adje. I don’t have Ichimoku cloud on my Metatrader. Don’t know much about Ichimoku anyways. But I do like learning more and more about support/resistance. So maybe I will look more into it. Have you found it to be a really reliable?
Not always. But it helps determine support and resistance someway.
Ichimoku should be available on your metatrader platform.
Ok. Yeah. I do see Ichimoku Kinki Hyo listed. I see 4 squiggly lines plus an odd shaped cloud up in the 150′s for GBP/JPY. Not sure how to use it though. Will have to research.
Overcome 1.6363 on the hour in GBP/USD and we might see a run upwards.
I keep my stops tight
How’s that “for the record” long 1.0240 USD/CHF coming along, johnmmcconnell? Down 180 pips at one stage wasn’t it? Nasty.
Hey Blackday, wake up, get with the program, pay attention, etc… If you knew anything about my trading style I typically do so in an intraday fashion and have always disclosed this fact. When I bought usd/chf I moved my stop loss to min. 5 pip profit once the position moved 20 pips in my favor as I do with any and all positions that I purchase. So actually I made money on it before it tanked, to the tune of $50,000, not to mention what I made playing the ranges over the next 24 hours (not too nasty, huh). I do appreciate the fact that you did some homework in an attempt to make me look bad (nice try) but as I told another fellow trader when you are that late to the party (several days in this case) the party is usually over and all the “cool kids” have come and gone… Better luck next time and please do try and keep up, I really don’t have time to hold your hand… LOL!!!
I would wake up but your posts put me into a coma. Anyway, you don’t need to hand my hand, son. I’m usually done and dusted by the time you’ve finished your cornflakes …. Zzzzzzzz.
That’s really sad if that is the best retort you have after starting the whole discussion by calling out (after much research) what you thought was a bad trade and trying to make me look bad. This is not a popularity contest and if you don’t like my post don’t read them, pretty simple concept if you ask me… I consistently make a lot of money in fx trading and all I do is try it spread the wealth and for the looks of the comments made thus far, everybody agrees with me. If you’ve lost some money it’s not our fault and we don’t want to share in your wallowing.
Uh oh – just the vital life signs going now ……^…..^…..^……^……^……^…..
Now, now boys…play nice or take it outside…
Lmao! This is getting good. By the way, nice to see ya back around, Blackday! I think i’m going to take the rest of the week off and just monitor my trades. Nice weather for a change and the girls and I are going to take advantage of it. Good luck for the rest of the week and have a great weekend! May the pips, be with youuuuuuuuuuuuuuuuuuuuuu!!! See ya next week.
Not a problem Jamie, for the record this was my post. Perhaps there should be something in place for the originator to approve comments made to their post. It would help keep out the riff-raff…
Counts me out straight off then.
And I know where the eject button is too.
For the record, of course