Hakuna's pip stash

ps-- does everyone understand these kind of analysis posted today quite clearly?
please feel free to discuss any issues!

HK You have helped me so much in my understanding of the shorter term movement of this pair, and I thank you for all the time you take to help us understand. May you have the pips next week to make it the best one yet. I will to!!
Nikki

wonderful analysis bro..

i stopped my own analysis after seeing such an awesome one by you =)
envy your brains

gd luck to all!!

an exciting week ahead for us!

Hello HM,

I completely agree with your initial assessment of our continued trend downward on the short term.

There are some points that I look at as well that I think are valid.

Monthly trend is still very bullish as this recent drop from August is just a blip on the radar screen. Also Monthly CCI14 and Macd are still in the bull territory. Momentum is losing steam but still supporting the large trend upward.

Weekly trend is still supporting monthly but is losing it's grip quickly with overall medium term trend starting to turn south, indicated by the CCI, Macd, Momentum, and price action.

Daily trend is definitely on the bearish side as all trend indicators are now in bearish territory or just about to enter bearish territory. CCI14, Macd, Heiken Ashi, Momentum, QQE MA's, and price action.

4hr..BEARISH...need I say more. This is just a stronger indication of the daily trend and is full effect with no short term turnaround nearing.

I use a SAR as well as a Price channel to determine when the short term trend has changed with confidence, as well as use these as my stop exit for my trade. At this point we would need to see a full 4hr bar close above 237.40 area for confirmation. At that point I would consider changing my short term outlook to Bull.

At the risk of making a TP prediction, which I normally do not like to do. I can see this pair potentially hitting the initial support at 234.00 which is the 61.8% fib off of the 4hr, but ultimately hitting the 232.50 area. Below this level, we have 230.00 as both a strong daily 50% fib as well as a psychological level, a previous consolidation area from last month of support.

There are many "what ifs" here, and these are just some of my predictions on the model. My positions are both long and short. I am a Carry trader long term and am holding longs for present time, but am also holding shorts for the lower and intraday trend. This is a stradle method I am playing, with low capital % exposure. One can't last long straddling a market with high leverage. Even though my long is experiencing draw down, I am not at all worried about it as it's being played out on the weekly and daily charts, and my shorts are well within the money. When the trend changes my long will be back in play and and the intermediate DD will be eliminated, I will also have dollar cost averaged my positions on the way back up as my overall position short term will be more heavily weighted to the long.

Profitable trading to you all and thanks Hakuna for your insight.

NP

I have been studying charts for a while now, but I am still no where near most of your knowledge and experience considering I am only 15 years old; but I do, however, recognize an explicit H&S pattern on the monthly, weekly and daily periodicity.
The monthly implicates a bullish sign though, coz the 50 ema crossed above the 100 ema.
The weekly is imminent for a drop, and the daily 50 ema is in an upward trend.

Don't know what to expect, but I am gonna take your word for it Hakuna.. You've proven yourself to be extremely accurate, and I hope someday I'll be as adept as you are.

Thanks Hakuna for sharing your assessments, you're helping lot's of people here (including me )

200 pips down lets see tom dow whats the reaction

Mr Hakuna, great analysis.
Things are becoming interesting because of Karmo and M2Buy predictions which are not that bearish, let see what the beast will do...

thanks for helping us to learn by your analysis.

greats trades to you.

Mr Hakuna, awesome analysis
thanks helping us
great trade to ya

wow--misse most of the train
justy jumoed in short at 233.13

exit 232.55

back in 232.65

trades will be verry fast today--
exit 232.33

anyone who cared to read the analysis would be a few hundre pips richer by now

cmon guys--tell me some of u have at least been making pips !!

lovin it !!

if i take any long postions today--they will be in reduced postions

NICE 29 AND 35 PIPS

THANKS THANKS THANKS

more to come buddy

watch 233.16 we have immediate R there

where you been bro been trying to get you all weekend

Awesome 80 pips!!

Fantastic weekly analysis by the way got some down missed some as well....

i took that trade, bro
thanks thanks thanks