Recent content by Free_to_Trade

From my perspective, McCain would probably result in a milder form of what an Obama election would render. I think the country has been "tricked" into believing that the investment banking and Wall St. types "caused" this financial crisis, Yet, from my view, packaging these toxic mortgage loans...

I am not at all convinced that he will win. Another Georgia type or a terrorist event will sink him. Many people do not trust him. He is a product of the corrupt Daley Chicago political machine and really only became a senator because his original opponent was involved in a sex scandal. He...

Bigtime Problems There would be some big problems with it that Europe does not experience. The world is a much more economically diverse place than just Europe. Think about the economic displacement that has happened with respect to Europe. Then multiply this many-fold. Yes the Euro has been...

Short AUDNZD 1.22134 Stopped out 1.23231 -0.01097 Well, I knew it wouldn't last. Oil prices started rallying and the short trend in AUDNZD rallied overnight. Also, I am trying to mimic my trades in a real account versus one that is fictitious. I made a clerical error in how I entered the...

Sell NZDUSD 8/20/08 23:07GMT, Profit 151 pips I saw some narrow range trading in the NZDUSD on 8/20/08. The shape and tenor of the market on the daily made me suspect that the NZDUSD was going to revert to its much longer term downtrend dating back to 2/27/08. I entered a stop order to sell...

8/18/2008 Short GBPJPY, profit 90 pips In the afternoon I saw a large candlestick from 8/13 with a bottom at 202.509. There had been a considerable break in the market from 8/06 through 8/13. With the abbreviated candlestick body on 8/14 with long wicks, it seemed to me that a "Falling Three"...

August 14, 2008 Short EURUSD 1.48143 1:32 GMT Using some of the same rationale as I did during my previous trade in EURUSD, I saw a failure of the previous retracement of the Euro. The market was hovering about the 1.481 level. So I entered a limit order to sell at 1.48143. I was filled...

I am not sure that posting about a trade before it's covered is very smart for me. At least in the pit, I was able tio hide what I was doing by the complexity, using brokers sometimes, etc. Of course nobody cares about what I am doing. But I am referring to how I feel about it psychologically...

Yes. If you mean the evening I will be able to come down.

August 13, 2008... Is is Friday yet? I know all too well that trading is not always rosy. I guess I misread these patterns I'd seen on the candlestick charts. These apparently were reversal patterns and not continuation. AUDUSD Stopped out at -79 pips. (.8770) EURUSD Stopped out at -30 pips...

Short AUDUSD .88945 8/13/08 GMT Rationale: There is a gap needing to be filled on the candlestick chart, and then it may be a continuation pattern to continue the major trend lower. I am still riding the EURUSD order and currently I am about 60 pips away. P/L Ratio: 3.6 :1 Short fill...

I am glad to finally find SOMEBODY who does this without el-ing to 141 W or 30 S!!! :clap: I MISS the floor! I left quite a while ago but now I trade ALONE (echo: HELLLO OUT THERE!!! + echo + echo + echo + fading echo). Not having thousands of friends around with our perpetual high school...

Short EURUSD 1.48501 I have entered an order to sell short Euros just at yesterday's low. Stop: 1.48801 Profit Objective: 1.47601 Risk/Reward Ratio: 1:3 Capital Usage: 1.3% if filled Here is my rationale: First, whilst the dollar has risen dramatically of late, I think today might be...

Thank you very much, Trading2k. You know, understanding a LOT about computers does not mean that one can necessarily successfully trade on them. I have to tell you, I feel completely "blind" and "deaf" without the roar of the crowd and not being able to detect panic in peoples' eyes. And you...

Short NZDUSD 8/4/08 8/4/08 Short NZDUSD at .72390 Stop .73430 Profit Objective: .70827 P/L Ratio 4.2:1 I saw a failure of highs on hourly plus a hammer on the daily. I got my stop level and profit objectives from trend lines, one going back to 7/08/08. 8/5 Moved stop to .72880 as market...