I Share My Journal

Gold W1

In the following weekly chart I saw:
1. DOJI
2. HAMMER
3. not yet confirmed.
Supposedly is a sign of reversal, but there was still no sign.
Still in the 1095.50 support and resistance 1121.

[IMG]http://i894.photobucket.com/albums/a...ldw1281209.jpg[/IMG]

Oil D1

On this daily chart there is also a sign:
What I interpret from the candlestick theory lessons, open price on candle2 slightly above close price at candle 1,
gap occurs between candle no.2 and no.3, there was the gap between candle no.3 and no.4 (the last candle not yet confirmed).
Three times there gaps allow for reversal, although the direction is now towards resistance at 80.80 and support while at 78.

[IMG]http://i894.photobucket.com/albums/a...ild1281209.jpg[/IMG]

In general, you can look to lower time-frames for additional chart patterns to confirm either a reversal or a continuation.

But also consider that Gold right now is following the Dollar. Look at USDX and you'll see that it's been up since last week (in this case, strong $ = weak AU).

Rob

GBP/JPY W1,

Movement is still weak (until the end of this year, I think), still in the triangle area, support was 139,250 and 150,100 resistance.
I prefer (later) movement down to the nearest support or resistance to try up to 150,100 and then moved toward the support.

[IMG]http://i894.photobucket.com/albums/a...gjw1291209.jpg[/IMG]

Hi Rob,

Thanks for the sharing, usually I trade E/U or G/U, and I always compare their charts with Gold chart.

I'm stand aside until Jan/04/10, still on buy mode USD/CAD.

Happy New Year

OIL D1,

Continued price movement up slightly commensurate with data on the U.S. economic recovery, prices will test the resistance at 80.50 (no.1).
Then the movement can go back to the support at 78.00 (no.2), or continue up to 81.95 (no.3).
[IMG]http://i894.photobucket.com/albums/a...ild1040110.jpg[/IMG]

USD/CAD H4,

Cons with a bullish oil, USD / CAD are bearish, my position (buy) before the new year was close (TS).
Support nearest 1.0455 (1) has just been violated, it could continue to test support (yellow line) 1.0418 (2), and continue towards 1.0376 (3).
[IMG]http://i894.photobucket.com/albums/a...adh4040110.jpg[/IMG]

GOLD D1,

I see there are 2 intersecting trends (gold daily chart), bearish and bullish trends trends.
Prices are now in the intersection area.
When bearish will continue to support 1094 and could continue to the next support at 1074 (no.1).
When bullish toward the resistance in 1110 may continue into 1133 (No. 2).
A strong tendency USD (if still ongoing) will create a scenario no. 1 occurs.
[IMG]http://i894.photobucket.com/albums/a...d1040110-1.jpg[/IMG]

The News from UPI:

NEW YORK, Jan. 4 (UPI) --

It's too early to tell if oil prices are poised for a sustained surge or showing a brief spike brought on by winter weather, a petroleum pricing expert said.
"It's a little bit of a sugar rush from all the money that comes into commodities at the beginning of every year," industry analyst Tom Kloza at the Oil Price Information Service said, The New York Times reported Monday.
"By next week we'll know whether this is another typical false start or whether it's relevant and related to supply and demand," Kloza said.

Oil prices surged Monday, adding nearly $2 per barrel on the New York Mercantile Exchange to reach $81.38 per barrel.
The price of oil topped $70 per barrel in early August and has remained between $70 and $80 since.

Gasoline prices have also jumped recently. The national average price, currently at $2.663 per gallon, could be reach $3 per gallon by spring, Kloza said.

As gas prices rise, "consumers don't take that extra trip shopping or to a restaurant, and the U.S. consumer is still responsible for two-thirds of the economy in this country," said Addison Armstrong, senior director of market research at Tradition Energy.

In USD / CAD H1 chart,
movement is still in a bearish trend, especially on this day the movement make triangle pattern.
When consistently bearish towards 1.0365 can continue towards 1.0265.
Upward movement continues towards 1.0400 to 1.0460.
[IMG]http://i894.photobucket.com/albums/a...adh1050110.jpg[/IMG]

I hope the quote above news is true, the movement of oil reached the resistance I expected at 81.95.
The following chart H1 oil, I hope it will be the top.
[IMG]http://i894.photobucket.com/albums/a...ilh1050110.jpg[/IMG]

GOLD H4,

Gold chart can be used as a comparison with the pair EUR / USD.
I show here on H4 chart of Gold, was downtrends amount has been violated by a small uptrend.
Movement seems to still be in the area uptrend (swinging),
Downward movement (no.1) will go to support at 1110.35, the movement upwards (No. 2) will lead to resistance at 1133.30.
[IMG]http://i894.photobucket.com/albums/a...ldh4060110.jpg[/IMG]

Almost the same as Gold, I show charts EUR / USD H4.
Downtrend has been violated by the uptrend, but still swing at his S & R uptrend.
Movement bearish (no.1) could lead to 1.4280 and then up again or bullish (No. 2) to 1.4445 and then down again.
But this seems to be BEARFLAG, which will create a pattern downtrends again, but...who knows?
[IMG]http://i894.photobucket.com/albums/a...euh4060110.jpg[/IMG]

Continuing chart EUR / USD H4, yesterday followed the pattern of movement as the number 2 (green).
So the pattern is happening at the moment looks like Head & Shoulder pattern is bearish if the transmissivity on the next day might BEAR FLAG patterning.
[IMG]http://i894.photobucket.com/albums/a...sdh4070110.jpg[/IMG]

If I look at my chart on H4, and then I pull the line of movement (red) based on fibbonaci (yellow).
Last movement down to 1.0285 (0%), until now still strong enough being support.
I pull the line from 0% support to 38.2% (1.0460) was take profit goals.
But if the movement through the 1.0330 to 1.0285 is bearish continuation signal.
[IMG]http://i894.photobucket.com/albums/a...adh4080110.jpg[/IMG]

EUR?USD D1,

H & S pattern on the EUR / USD H4 last night to move according to the theory down about 35 pips. After that stuck until this morning.
I hope the movement will be like chart below EUR / USD D1 form BEAR FLAG (red) to continue to 1.4220 or 1.4135.
The second possibility, BEAR FLAG failed, climbed to 1.4445 again.
[IMG]http://i894.photobucket.com/albums/a...sdd1080110.jpg[/IMG]

EUR/USD D1,

Movement of EUR / USD on Friday is very volatile, come down
to 1.4263 and up to 1415, fell back to 1.4300 and then up again to 1.4438.
I see a candle pattern bullish engulfing at the close of Friday daily chart.
But still in the range of 1.4220 and Resistance Support 1.4445.
[IMG]http://i894.photobucket.com/albums/a...sdd1110110.jpg[/IMG]

USD/CAD,

Apparently I make a big mistake on Friday, it was clear that the pattern of BEARFLAG is more real than in EUR / USD chart.
But instead I forced myself to predict that as I wanted.
[IMG]http://i894.photobucket.com/albums/a...adh4110110.jpg[/IMG]

That chart in which I should follow (the trend at the time) finally got my SL HIT.
In the last 3 candles (on H4) seems almost the same, waiting for the news tonight that may be able to move it.
I also show weekly chart, look down to test the movement of support at 1.0205 towards 1.0110 or more.
Upwards movement will lead to 1.0295 and going on to 1.0320.
[IMG]http://i894.photobucket.com/albums/a...adw1110110.jpg[/IMG]

USD/CAD,

I must say good for tonight cause bullish movement of the USD / CAD, USD strengthened and means oil prices down from 83.94 last night to 81.59 this afternoon.

H4 at the following chart, I expect (to neutral as possible)
Movement of news at USD & CAD Trade Balance will be used as a red line, moving in the 1.0320 support area and the 1.0408 resistance.
After that just go with the
no.1 test support at 1.0320 and continues to 1.0250,
no.2 test resistance at 1.0408 and continues to 1.0439.
There is a possibility can occur without movement up and down (red line) but immediately moved straight like no.1 or No.2.
So the range 1.0320 - 1.0408 today as the fence before the break to a more clear direction.
[IMG]http://i894.photobucket.com/albums/a...etjoa/uch4.jpg[/IMG]

Yesterday after a bullish engulfing signal (friday candle), proved that yesterday formed bull candle again.
Me myself had to pips on sell until this morning.
Here's my estimates on H4 chart (perhaps also different from estimates of each trader).
Area of movement is still 100% fibo (between 1.4480 to 1.4533),
I own a baseline trend lines (yellow) up slightly, probably tic tac movement in the trend corridor until the news.

Possible direction of motion:
no.1 bullish break toward 1.4640
no.2 bearish break towards 1.4380.
[IMG]http://i894.photobucket.com/albums/a...sdh4120110.jpg[/IMG]

EUR/USD,

movement was the same as yesterday, following on H4 chart looks uptrend is still in the corridor slightly, but there are 2 possibilities:
when viewed as a sign of bearish descending triangle trend, but can also in view as will happen BULL FLAG (bullish).
Resistance at 1.4520-1.4540, Support at 1.4530.

Until tomorrow, it may still nice to play tick tock of the support and resistance (for an aggressive and appropriate pairs of SL trader)
[IMG]http://i894.photobucket.com/albums/a...sdh4130110.jpg[/IMG]

USD/CAD,

very limited movement last night between 1.0367 - 1.0408,
current position (as i'm writing this) it just moves down to 1.0367 skipped back toward support at 1.0320.

The crisis is not over completely and fuel demand remains high for the cold winter time, making oil prices remain an area of 80.

I am still waiting to see what the position until tomorrow.
[IMG]http://i894.photobucket.com/albums/a...adh4130110.jpg[/IMG]

EUR / USD,

in this H4 chart, visible movement will wait for news, current uptrend is still in the red corridor.
When bullish right up through the 1.4555 to 1.4580 resistance continues to 1.4600,
or going down through support at 1.4995 to 1.4458 to 1.4420.
[IMG]http://i894.photobucket.com/albums/a...euh4140110.jpg[/IMG]

USD / CAD,

in the H4 chart, still downtrends.
My buy position at 1.0250 not hit my SL last night, still hoping to TP at 1.0320 (no.1) before continuing to:
- No. 2 went up to 1.0367 and then fell back to 1.0320 or
- No. 3 fell back to 1.0250 or
- No.4 after no.2 up to 1.0367 and even hold up to 1.0408
[IMG]http://i894.photobucket.com/albums/a...adh4150110.jpg[/IMG]