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Billytt Die happy trading e/j daily breakout

  • #25,661
  • Mar 16, 2018 4:10am Mar 16, 2018 4:10am
Quoting kevin1959
Hi Lem. have you got an opinion on AUD/USD. If you go back to the 8th of march I think this is a small demand zone. I have not had time to watch any videos over the last couple of days got a bit busy at work. I will also have to learn how to post charts this weekend regards kev
Sorry, Kev, I missed this last night as I was just about to crash.

I guess nothing much has happened since anyway, so hopefully this is still of some use to you.

I'd say that we are looking at a small Dead Cat Bounce, that will then drop a little farther, before a more sustained move North.

Here's how I see it on the charts:

H4 shows the Dead Cat doing its thing...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4asDeadCatBounce16thMar18.png Size: 29 KB


As does the H1...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1DeadCatBounceButThenUpafterlatersmalldropontop16thMar18.png Size: 26 KB


On The Weekly, you can see price is straddling the 50, so I wouldn't be sure that any move will be a huge one yet...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeeklystraddlingthe50Mar16th18.png Size: 42 KB


As for how far the drop will go after this bounce, The Daily shows it has a little bit to go...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDailyalittlebittogo16thMar18.png Size: 33 KB


While finally, The m30 gives some detail on that and backs the call. Still a little while at least before the turn...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30alittletogothenbounce16thmar18.png Size: 33 KB


Hope that helps some.
  • #25,662
  • Edited 4:47am Mar 16, 2018 4:26am | Edited 4:47am
Quoting lemercenaire
{quote} Sorry, Kev, I missed this last night as I was just about to crash. I guess nothing much has happened since anyway, so hopefully this is still of some use to you. I'd say that we are looking at a small Dead Cat Bounce, that will then drop a little farther, before a more sustained move North. Here's how I see it on the charts: H4 shows the Dead Cat doing its thing... {image} As does the H1... {image} On The Weekly, you can see price is straddling the 50, so I wouldn't be sure that any move will be a huge one yet... {image} As for how far the...
Kev...

I have also looked back in time to consider your thoughts on the possible Demand Zone.

This is an interesting one, as when you look at the H1 and H4 time-frames, I can see where you are coming from...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4lookingbackintime16thMar18.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1lookingbackintime16thMar18.png Size: 44 KB


It is certainly an interesting level, however it does look a little fuzzy. The various potential zone anchor-points don't quite match up and if you tracked them all over, then you'd see how wide that makes the area of interest.

However...if you look at The Daily and drop a fib on there, then all of a sudden, it all becomes crystal clear...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDailythe50showstheway16thMar18.png Size: 50 KB


And finally, if you remember how I showed The Weekly straddling the 50 in the above post? Well, look what happens if we zoom out on that chart. Looking left there kind of seals it.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeeklyandthasealsit16thMar18.png Size: 55 KB
  • #25,663
  • Mar 16, 2018 4:37am Mar 16, 2018 4:37am
Quoting lemercenaire
{quote} Sorry, Kev, I missed this last night as I was just about to crash. I guess nothing much has happened since anyway, so hopefully this is still of some use to you. I'd say that we are looking at a small Dead Cat Bounce, that will then drop a little farther, before a more sustained move North. Here's how I see it on the charts: H4 shows the Dead Cat doing its thing... {image} As does the H1... {image} On The Weekly, you can see price is straddling the 50, so I wouldn't be sure that any move will be a huge one yet... {image} As for how far the...
Hi Lem thanks for the detailed reply.
I'll look in to it further when I get home
Regards
Kev
  • #25,664
  • Mar 16, 2018 4:44am Mar 16, 2018 4:44am
i cannot sleep, I had so much info mailed to me saying Cable was going down lol...

That is why i very rarely look at these tips......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #25,665
  • Mar 16, 2018 4:52am Mar 16, 2018 4:52am
Quoting kevin5047
{quote} Hi Lem thanks for the detailed reply. I'll look in to it further when I get home Regards Kev
No worries - I could of course be completely wrong
  • #25,666
  • Mar 16, 2018 5:34am Mar 16, 2018 5:34am
Having a wander and having talked to Claudia about similar stuff last night, I was looking for likely candidates. UC fitted the bill perfectly.

Entry on a Close-Over-Retest tech. Nice and simple.

Attached Image (click to enlarge)
Click to Enlarge Name: InkedUSDCADH1asClose-Over-Retest16thMar18_LI.jpg Size: 520 KB


As bars and closer, for clarity...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1cleareronbars16thMar18crop.png Size: 30 KB


Break time. Back for The Dead Zone.
  • #25,667
  • Mar 16, 2018 7:56am Mar 16, 2018 7:56am
Interesting article on FF news about Yen/Nikkei
  • #25,668
  • Mar 16, 2018 8:26am Mar 16, 2018 8:26am
Time to buy ??
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD(£)H1.png Size: 87 KB
  • #25,669
  • Mar 16, 2018 8:33am Mar 16, 2018 8:33am
Quoting claudia1
Time to buy ?? {image}
we all know you don't buy.....is it April 1st already?
  • #25,670
  • Mar 16, 2018 8:38am Mar 16, 2018 8:38am
Quoting bojack34
{quote} we all know you don't buy.....is it April 1st already?
lol I am a seller that's for sure. But I don't see xau going further south short term.
  • #25,671
  • Mar 16, 2018 8:38am Mar 16, 2018 8:38am
Quoting claudia1
Time to buy ?? {image}
Attached Image
  • #25,672
  • Mar 16, 2018 8:41am Mar 16, 2018 8:41am
Quoting lemercenaire
{quote} {image}
It just dropped lol this buy idea might not be good Bo has a point. Who do we blame ?
  • #25,673
  • Mar 16, 2018 8:44am Mar 16, 2018 8:44am
Quoting claudia1
{quote} It just dropped lol this buy idea might not be good Bo has a point. Who do we blame ?
Stick to what you do best Claudia! LOL.....you Red Rat you
  • #25,674
  • Mar 16, 2018 8:44am Mar 16, 2018 8:44am
Quoting claudia1
Time to buy ?? {image}
Nice 7-Bar break that would have been nice to catch - you wish, Lem - but yeah, long is the way to the Lambo now, I think.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1nice7-barbreakbutyeahgolongnow16thMar18.png Size: 41 KB


Haven't been following much re Gold this week. Anything driving that blip, or just end-of-week and it looked like a nice level to go to, Claudia?
  • #25,675
  • Mar 16, 2018 8:47am Mar 16, 2018 8:47am
Quoting claudia1
{quote} It just dropped lol this buy idea might not be good Bo has a point. Who do we blame ?
1309.62

A certain brother of mine likes that number.

Just sayin'.
  • #25,676
  • Mar 16, 2018 8:51am Mar 16, 2018 8:51am
Quoting lemercenaire
{quote} Nice 7-Bar break that would have been nice to catch - you wish, Lem - but yeah, long is the way to the Lambo now, I think. {image} Haven't been following much re Gold this week. Anything driving that blip, or just end-of-week and it looked like a nice level to go to, Claudia?
Don't know. For me it was a perfect trade - close on the 60 min below pivot run down to supply zone. And I'm talking buying ! mmm
  • #25,677
  • Mar 16, 2018 8:52am Mar 16, 2018 8:52am
Oooooooo...that's pretty...

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeeklyooooooo16thMar18.png Size: 39 KB
  • #25,678
  • Mar 16, 2018 8:54am Mar 16, 2018 8:54am
Quoting lemercenaire
Oooooooo...that's pretty... {image}
Been easy all week - just misread it badly today.
  • #25,679
  • Mar 16, 2018 8:55am Mar 16, 2018 8:55am
Quoting claudia1
{quote} Don't know. For me it was a perfect trade - close on the 60 min below pivot run down to supply zone. And I'm talking buying ! mmm
Whether it eventually carries on up to wherever, or not, you may still have more to come short-side, Claudia.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1youmaybeonformoreclaudia16thMar18.png Size: 39 KB
  • #25,680
  • Mar 16, 2018 9:01am Mar 16, 2018 9:01am
Quoting lemercenaire
{quote} Whether it eventually carries on up to wherever, or not, you may still have more to come short-side, Claudia. {image}
It has to pull back first. I'm out of everything now. Go have a look at $ index then play cable later into fix/settlement.
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