DislikedThat was really an in-depth analysis incorporating various variables as you said. Most appreciated, LJ.
If you have the time, I would be grateful if you could help with a question in my previous post below:Ignored
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DislikedThat was really an in-depth analysis incorporating various variables as you said. Most appreciated, LJ.
If you have the time, I would be grateful if you could help with a question in my previous post below:Ignored
DislikedThanks, I'm glad you found it useful - I might do one on the ECHF trade in due course explaining the reasoning in more detail.
I've take some profit on this trade today - I am as exposed to this pair as I want to be, but there is a potential TT setup if price moves lower.Ignored
DislikedHi LJ,
I thought you may find this interesting. S&P500 price structure is very similar to the pre-crash 2008 pa. The environment is not so much different aswell so it might end up as good short opportunity imo..... Worth to keep an eye on at least. All the best!Ignored
DislikedI think the main difference fundamentally is that what happened in 2008 took the market by surprise - it was a big unexpected shock to the system, whereas now, in 2011 the current problems (and likely future problems) are against a very different background.
Technically we can see that we have H&S patterns that have played out and price has retraced to just above the neckline. If the down-trend is intact price should now of course form a lower low with the current recent high being the lower high ... will be interesting to see what happens.Ignored
DislikedCurrent overall view on EP .... In another consolidation box having hit monthly resistance and price cant decide which direction to head - look at all the firm rejections of the former consolidation box high, yet price can't gain momentum to retest monthly resistance again - so we have a wedge to watch for clues (charts below are weekly and daily TF's)Ignored
DislikedI am watching the 0.77 area
but will be careful about my FTAs as this pair is choppy on H4Ignored
DislikedNot a pair I watch but just took a look - what's wrong with the level slightly higher? Both looks like FTB setups to me (I only trade FTB on the majors myself).
We also had a 'Breakout' FTB on the Daily TF yesterday as price closed below the support and returned to touch it on the next bar before falling further.Ignored
DislikedHi Lovejoy,
I'm an avid reader of your thread although I don't post much. Just wanted to say thanks for all your contributions, it's very much appreciated.
I was wondering if you would care to comment on the below AUDJPY set up at 76.68 and whether it is something you would have taken?
Attachment
Thanks
DaveIgnored
QuoteDislikedanyways G/NZD i am keeping the setup in my watch list..
Price has acted well in the past(2nd chart) and its back again @ 2.1 00after long time.
61.8Fib..
space factor will be a key to determine FTA.
QuoteDislikedbut i dont know why i am still staying away from this setup though i already spotted it earlier like u..'recently' 1.02 is acting as a PPZ a lot and then i feel after how long this will keep acting as PPZ..i know thats wierd..
QuoteDislikedHi LJ. It does look interesting. I will have to add it to my watch list aswell
I am in AUDNZD short atm. There is a lot of confluence on weekly tf and price is not able to close above 1.32 on daily tf but we have 4th test atm.
QuoteDislikedI forgot to set my price alert on GU (My clumsiness amazes me sometimes)
DislikedLooks like a good technically confluenced setup to me - FTB to Daily S/R with 61.8% fib confluence.
Fighting against a strong current trend though so I'd either be looking to manage it as a swing / position trade with an obvious initial target of the 78 S/R level or managing it on the lower TF's in which case 77 area would have been my FLR.Ignored