Australian (ASX) Stock Market Forum

Recent content by OGRooney

  1. O

    EUR/USD

    Re: EURUSD EURUSD has broken it's two month range... S & P Futures are dropping but holding range
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    Gold Price - Where is it heading?

    Thanks Joules, noted. IMO Lines are a priceless resource for identifying the trend, what a trader does from there is up to them. As far as support and resistance goes, Looking at all the data ie fibs/trendlines/and actual (horizontal) levels and then using the levels that correlate will no doubt...
  3. O

    Gold Price - Where is it heading?

    My chart has 3 trend lines and a very sparse looking fib, I fail to see the correlation. I favor closes/opens over wicks, there isn't a single 4 hour close above channel resistance and there isn't a single 4 hour close below trend line support. As i said before, when channel support is...
  4. O

    Gold Price - Where is it heading?

    Note how when we cross Channel Support mid month, former support becomes resistance,then resistance is broken and my channel is once again respected? Pretty damn good trend lines if you ask me :cool:
  5. O

    Gold Price - Where is it heading?

    You got beef with just one of my lines or all of them? :p:
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    Gold Price - Where is it heading?

    That's interesting Joules... Gold has a negative correlation with the USD does it not? I wonder if selling the Buck in September would have been a profitable strategy over time? Still, anyone who bought in May is definitely laughing at the seasonal buyers. This is my first Gold chart/write up...
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    Oil price discussion and analysis

    Re: OIL AGAIN! That's interesting about the rise of natural gas, hasn't global oil production already peaked? http://www.smh.com.au/business/peak-oil-its-closer-than-you-think-20110429-1e0gt.html PS is this the right thread to discuss October Oil Futures or should I be over in derivatives?
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    EUR/AUD Discussion

    Re: EURAUD Discussion bah ended up short trying to pull of that range trade, should have stuck to my guns :banghead: Soarest head.
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    A question about swap/roll over...

    and BOOM. I'm a bloody idiot though, exited half my positions yesterday afternoon at breakeven + interest for $5, then spike occurred, exited other half when price fell back to 1.2041 for another $35. Would have been alright if this was just another spike but we're about to see our first daily...
  10. O

    Happy with your profits?

    I get out too early and rely on trailing stops too much, I'm too keen to get the profit into my balance and it leads to reduced profits in the long run.
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    EUR/AUD Discussion

    Re: EURAUD Discussion Two consecutive 1 hour closes above 50 fib last night... even if we don't breakout there's a nice 50 pip range trade 1.2260 - 1.2310. I got trailed out twice for 15 pips or so, I've entered again without a trail - I'll aim for 1.2310 and if we stop there I'll sell...
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    EUR/AUD Discussion

    Re: EURAUD Discussion I just use the standard set that come with the tool, every now and then I add in 50, 76.4 and 78.6. The tools really messy even with the standard set, especially if you have other lines drawn, actual resistance/support levels that don't quite match up with the fib...
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    EUR/AUD Discussion

    Anyone who went long on the 8th of August is laughing... 700 pips, I've stayed out til now :o Reckon we'll get to the 61.8 fib? if so whats your predictions from there, up or reversal? Daily RSI is at the highest it's been since march 2011 :eek: Can a mod please delete the below...
  14. O

    EUR/USD

    GPBUSD Just broke 1.59, whilst EURUSD is respecting the August high...
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    A question about swap/roll over...

    I think that because "the SNB have committed to buying unlimited amounts of foreign currency". If Jordan was saying "oh we might let it drop when we're out for a smoke or we've had a big weekend" then I'd be a bit more wary, worried even, as it is I really don't think there's much to worry...
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