Yo grix!
Hmm… I think Im going to have to open another trading account with another broker for longer term trading…
Chris says it best in the interview - intraday during the day, but also hold longer term position trades to make money while you sleep (as unethical as that might sound) is something I should consider.
Apex.
Waiting for confirmation of entry in the USD / JPY, I am confident that the bullish trend will continue until the end of the week.
A somewhat similar scenario in EUR / JPY, where I hope to break the fundamental level of 132.53, and also crossing the blue line on the stochastic red to get a buy signal.
Hello All,
I am seeing what seems like to be a buying climax at the 4hr chart of the EURAUD. Also, the bears were selling for 32 out the past 48 hours.
On the hourly, there is this huge rejection off round number 1.32. I took is as the signal to short the pair.
Cheers.
so far so good, I think that H4 is the best time frame for traders with less than five years trading experience.
I have held some sweet trades using this timeframe and believe me, you just have to watch the pips stream in at times.
Been following the AUD/USD price correction since yesterday as the price rose in a narrow channel.
The Channel seems to have been pierced and broken to the downside. We may witness the resumption of the existing bearish impulsive move.
Hello B4A,
You are doing a wonderful job with the anaysis. Very nice 
Alan
Hello Apex,
What is unethical about making money while sleeping?
I consider it to be quite a brilliant concept, and liberating for making money while saving time.
Kind Regards,
Chris Capre
Hello Traders,
Sorry if I’ve been a little absent lately (although doesn’t seem like you missed me ;-).
I’ve been doing a lot of traveling for business, and have just flown to the states to take care of some things. My apologies for posting a little less lately, am adjusting to all the time zones, and working to keep up with the mountain of work called my life.
Have been doing a little trading as the strange hours have afforded me a few different looks at the market. Currently long the S&P, with a 1.8pt stop, and currently up about 3.6pts, so up 2R at the moment (chart below).
Gunning for a 3+R trade, perhaps 5+ if the market continues its uptrend. Will move stop to BE+ spread if it comes back down to +1R.
Gold showing weakness after breakout pullback setup around 1376/77. I’ve bought some physical at these prices, but not ready to get long paper at this point.
AU trying to restart the down trend, while GU lost some decent ground today and under pressure.
Will try and update more later today, as I’m still catching up, and working on a laptop away from the office is like going from a 6 bedroom house to a studio apartment :-ooo
Kind Regards,
Chris Capre
Hello Chirs,
Wow… Nice concept. Really like to get some knowledge on this
Alan
Hello Alan,
Well, as stated in the interview (did someone share the link in here?), I intra-day trade during the NY open to London close while I’m at the computer. And then have set-and-forget strategies running while I’m sleeping.
This allows me to make money while sleeping, yet also make good, consistent quick money while being awake - so the best of both worlds.
So just learn to intra-day trade while you’re at the computer, and find set-and-forget setups to hold over night.
Hope this helps.
Kind Regards,
Chris Capre
Hello Alan,
Thanks a lot for the compliment.
Cheers.
Hello Chris,
That’s an ideal trader for you. Earning whatever way you can while you can.
I am striving to be this kind of trader.
Have a nice day mate.
Dany posted a wonderful set-up on the Ozzie Dollar.
I’m in as my sell stop got filled.
0.9750 is a level where significant buyers are parked. So we’ll see how this develops.
Cheers.
Ooh, dont take it the wrong way chris… But basically it applies to the whole financial business model to some degree…
When there are people who work so hard 9 to 5 every day only for people like you and me to make money not only by playing with money, but to do it whilst sleeping?
For example, the euro plummeting in a few months… Many traders made money whilst they were sleeping at the expense of 1/2 a billion europeans who watched the currency they depend on lose value more and more every single day… Living in London, I remember the sort of headlines this was getting, and to think it was largely because of speculators!
Personally i just dont see that as ethical…
Btw. Im not socialist, Im more centre right, but thats just what it is…
Like i said at the begining, nothing personal at all - i wouldnt be a trader if i I didnt accept what i just said.
Trade safe mate.
Apex.
Haha, ive noticed you havent been as active, but its usually because you have other important circumstances to attend to… So no need to apologise!
AUDUSD seems a little parabolic on the daily, so Im not sure how long that can continue.
Great analysis.
Apex.
Hi Chris!
Can this be applied to the yen too? Because here in Brazil to Tokyo session happens overnight, it would be the case also choose a good set-up and let happen overnight as in your case?
Update on the Ozzie Dollar,
Got stopped out @ 20 pips as the strategy of trying to get out at BE back fired.
