L 234.73
I'm long cable at 517 also.
- #1,046
- Oct 26, 2007 7:14pm Oct 26, 2007 7:14pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
wow--glad i closed my last trade with a 3 pip loss--lol
fell asleep watchin TV last night.
well--its been another wonderful week !
fell asleep watchin TV last night.
well--its been another wonderful week !
- #1,048
- Oct 26, 2007 7:19pm Oct 26, 2007 7:19pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Total 4th week Oct' 07 +1168 pips (excl scalps)
(scalp trades for the week--not posted +106 pips)
22/10/07 +482
23/10/07 +64
24/10/07 +333
25/10/07 +222
26/10/07 +67
*all trades taken live !
posted entries/exits in this thread live !
back in action nxt week
(scalp trades for the week--not posted +106 pips)
22/10/07 +482
23/10/07 +64
24/10/07 +333
25/10/07 +222
26/10/07 +67
*all trades taken live !
posted entries/exits in this thread live !
back in action nxt week
- #1,052
- Edited 5:37am Oct 27, 2007 5:23am | Edited 5:37am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
ANALYSIS FOR WEEK start 29 OCT'07
ok--another awesome week just passed, but a few mistakes/lessons learnt along the way.
please read the analysis from last week to complement the flow of this analysis:
http://www.forexfactory.com/showthre...=49770&page=35
the ongoing Bearish butterfly:
as u see it went to the 38.2% fib of XA --quite powerful ! and it happened on the first day of the week
i ended last weeks analysis with this:
"bearish, bearsish, bearish --do i need to say more??"
i was quite surprised that the move i was expecting happened all on the first day of the week after the GAP over weekend.
The Gap was filled the next day. ( most if not all daily gaps fill)--hence the bullish candle.
ok--another awesome week just passed, but a few mistakes/lessons learnt along the way.
please read the analysis from last week to complement the flow of this analysis:
http://www.forexfactory.com/showthre...=49770&page=35
the ongoing Bearish butterfly:
as u see it went to the 38.2% fib of XA --quite powerful ! and it happened on the first day of the week
i ended last weeks analysis with this:
"bearish, bearsish, bearish
--do i need to say more??"i was quite surprised that the move i was expecting happened all on the first day of the week after the GAP over weekend.
The Gap was filled the next day. ( most if not all daily gaps fill)--hence the bullish candle.
- #1,054
- Oct 27, 2007 5:55am Oct 27, 2007 5:55am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
now the DAILY CHART :
last weekly close of daily and the above explained on the weekly-- we had a perfect BEAR first day of week (actually made the most pips on that day this week--although i missed the initial move)
that weekly 50% fib and 200ema daily has been acting as R.
one can see on the second day of week we actually had a close above the 50% fib/200ema -- but that was actually just part of closing the gap as u can see the following day was a bear candle.--i actually call that a rejection close and NOW if we get a daily close above 50%fib/200ema (235.20) that would suggest bullish --ill be also looking for a 4hr candle close above 235,20 to tgt 50ema daily and then possibly MR1
on the downside: look out for a close below MP (232.75) to tgt 38.2% fib (231.43) and below that MS1 (230.45) which is almost the low of this week just passed.---A WEEKLY/LONG BEARISH DAILY CLOSE BELOW ALL THESE (230.45) AND WE SHOULD SEE IT FALL LIKE A ROCK.
last weekly close of daily and the above explained on the weekly-- we had a perfect BEAR first day of week (actually made the most pips on that day this week--although i missed the initial move)
that weekly 50% fib and 200ema daily has been acting as R.
one can see on the second day of week we actually had a close above the 50% fib/200ema -- but that was actually just part of closing the gap as u can see the following day was a bear candle.--i actually call that a rejection close and NOW if we get a daily close above 50%fib/200ema (235.20) that would suggest bullish --ill be also looking for a 4hr candle close above 235,20 to tgt 50ema daily and then possibly MR1
on the downside: look out for a close below MP (232.75) to tgt 38.2% fib (231.43) and below that MS1 (230.45) which is almost the low of this week just passed.---A WEEKLY/LONG BEARISH DAILY CLOSE BELOW ALL THESE (230.45) AND WE SHOULD SEE IT FALL LIKE A ROCK.
- #1,055
- Oct 27, 2007 6:18am Oct 27, 2007 6:18am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
4HR ANALYSIS:
-- 200ema/50ema still acting as R--a close above that could send it to its targets mentioned above
-- we are still below 100sma
--so we are still below 100sma,200ema,50ema 4hr--i consider this a bearish 4hr trend
--watch out for a close above 50ema/200ema to tgt 100sma as an intraday trade as long as good MM used and i SEE this as a high possibility to occur.
if we get a close below MP and that 38.2% fib (231.45)--then forget it--very unlikely !
--we are still below MACD zero line
--QQE 60 crossed/uncrosed--unclear
--QQE 5 crossed UP and above zeroline
not much else to say !!
bias for nxt week is bearish considering larger TF's although the picture is NOT CLEAR
the few possibilties--ive already explained.
we might even range this week probably upto 100sma 4hr first and then to MP and lower to 38.2% fib
OR
this 50ema/200ema 4hr holds its guard and the journey SOUTH continues.
--watch those TL's
till the new week-- enjoy life
-- 200ema/50ema still acting as R--a close above that could send it to its targets mentioned above
-- we are still below 100sma
--so we are still below 100sma,200ema,50ema 4hr--i consider this a bearish 4hr trend
--watch out for a close above 50ema/200ema to tgt 100sma as an intraday trade as long as good MM used and i SEE this as a high possibility to occur.
if we get a close below MP and that 38.2% fib (231.45)--then forget it--very unlikely !
--we are still below MACD zero line
--QQE 60 crossed/uncrosed--unclear
--QQE 5 crossed UP and above zeroline
not much else to say !!
bias for nxt week is bearish considering larger TF's although the picture is NOT CLEAR
the few possibilties--ive already explained.
we might even range this week probably upto 100sma 4hr first and then to MP and lower to 38.2% fib
OR
this 50ema/200ema 4hr holds its guard and the journey SOUTH continues.
--watch those TL's
till the new week-- enjoy life
