[VitaminBeer]

No trades for me this week - hopefully something better comes along next week *twiddles thumbs*

VB,

[Low]

I added that GIB to my fictional stock portfolio today after the NFP noise had died down. Closed as a lovely weekly pin.

FX pretty much sucked all week for me.

[o990l6mh]

Originally Posted by clockwork71

Check out this oil chart. Watch the CAD and the USD on this one.....possibly look to buy oil ETF's if we break higher.....

That's a perfect analysis. Very nice Chris!

Wish I had access to oil with my brokers...

[clockwork71]

Originally Posted by VitaminBeer

No trades for me this week - hopefully something better comes along next week *twiddles thumbs*

VB,

On weeks like that - I suggest getting your vitamins!

[clockwork71]

Originally Posted by aserbfx

this can be interesting.

third touch of resistance.
good momentum.
inverted pinbar.
large bullish bar on the weekly. engulfing nearly all bars since 20.09.09.

let's see if it breaks ...

Certainly looks like it's trying like heck to blow the top off that resistance. I would think of two possible plays:

A breakout long...

If the price breaks below that pin, a short.

Nice chart. I like these clear cut 2 choice "binary" charts.

It's either up or down, and no other choice. Well done!

[aserbfx]

sm7 on weekly.
15 euro will be the next challenge.
last three daily bullish bars "caused" the outbreak.

[VitaminBeer]

Originally Posted by clockwork71

On weeks like that - I suggest getting your vitamins!

Haha good one!

[clockwork71]

Originally Posted by aserbfx

sm7 on weekly.
15 euro will be the next challenge.
last three daily bullish bars "caused" the outbreak.

Congrats. You are already a little bit ahead of most traders. A lot of traders would belong this already, because it broke the resistance line. However, as you have pointed out...there's more resistance up above. Many guys would be long, and not understanding what happened when it goes back down.....

Chris

[blackhell]

Hi clockwork. What do you think about this chart? Trend might change?

[johnnyonspot]

I, like most here, am a rank amateur at this stuff (but having lots of fun). I do (think I) know, however, that all the markets are usually pretty well linked. When the equities market goes up, the USD goes down. When the USD goes down, commodities go up. Etc. etc. Watching the markets the past several weeks, it seems to my eye that we are getting ready for a trend change, or changes, since the markets are all linked. Maybe "trend change" is too strong, and "correction" is the better term. In any event, I think I just need to have patience so that I am still following it as closely when it actually happens. I am already long UCAD and short EU, and was short the equities market until I moved my stop too close after getting a bit skeered. I plan to enter short again this coming week. There you have it, the ravings of a mad lunatic. (Superfluous?)

[clockwork71]

Originally Posted by blackhell

Hi clockwork. What do you think about this chart? Trend might change?

Too be honest, by the very definition of the trend line going down you have, and the fact that the pinbar on the weekly was at the 50% retrace of the total move - I would say that we are still in a downtrend.

I would be very interested in any short signals that appear where you have the chart marked.

Chris

[clockwork71]

Originally Posted by johnnyonspot

I, like most here, am a rank amateur at this stuff (but having lots of fun)....

True, the markets are linked, and the USD certainly moves on this basis.....at least lately.

[blackhell]

Thank you clockwork and I agree with you. First we need at least make double top at 1.70-1.7050 area. And then we'll see.

[aserbfx]

Originally Posted by aserbfx

Pinbar on german allianz.
off round number 75 euro.
if it breaks it will run to the high of two long candles before, imho.

update

opened with gap.

took 2/3 off the table. rest with stopp at BE.

[clockwork71]

Originally Posted by aserbfx

update

opened with gap.

took 2/3 off the table. rest with stopp at BE.

NICE. I personally like to watch these, and see if it fills the gap, and gives a pinbar on the smaller time frame.....I buy a bit more at that point. Great trade though.

Chris