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Bullrocks' daily analysis.

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  • #1
  • First Post: Feb 5, 2008 2:41pm Feb 5, 2008 2:41pm
I was thinking to start a new thread where I will post my analysis of various currencies time to time. I am uniquely trading from the daily charts. So if you, the reader, seeks scalping momentums get that in the excellent Auslanco thread or another example could be Hakuna Matata. I am shooting for anywhere between 400 to 3000 pips in a trade.

Let us start. Interesting pair is the USDCAD at the moment.

See pic. Tells it all. The orange is the 365 MA. My current target which is approximately 600 pips away. MACD turned upward. The grey is a trendline. Bounce back from there. USD strengthens across the board so that might support my bullish idea.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_1.gif Size: 36 KB
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  • #2
  • Feb 5, 2008 3:05pm Feb 5, 2008 3:05pm
Hey Bullrock, nice to see you have a journal. I'll be watching this definitely! Anways, good luck to you and I hope the best for you.
I dream, therefore I become.
  • #3
  • Feb 5, 2008 3:21pm Feb 5, 2008 3:21pm
Quoting mike w
Hey Bullrock, nice to see you have a journal. I'll be watching this definitely! Anways, good luck to you and I hope the best for you.
Thanks Mike_w. Have fun.
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  • #4
  • Feb 5, 2008 3:29pm Feb 5, 2008 3:29pm
Euro. I went short last night. Why? Divergence in MACD. Triple top. Or failed completelz to break out 2 days ago with a huge fall back. MACD started to slope down and the whole sentiment was very negative. My first target would be around 1.42-1.43 then 1.39 then who the hell knows if that trendline is broken....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_1.gif Size: 40 KB
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  • #5
  • Feb 5, 2008 3:33pm Feb 5, 2008 3:33pm
One thing. Targets are just ideas I am not using targets nor stop losses ie I take full responsibility I can do that as I do not bet the farm and my mums food neither. Just small....
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  • #6
  • Feb 5, 2008 4:15pm Feb 5, 2008 4:15pm
To support what I said.... There is only 80 pips in EU coz I have closed it then I have reopened it. But we keep this till death....
Attached Image (click to enlarge)
Click to Enlarge Name: positions.JPG Size: 20 KB
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  • #7
  • Feb 5, 2008 4:38pm Feb 5, 2008 4:38pm
My favourite... THE GU.

Classic trend continuation. Down of course.
See pic. It just talks.... Also a resistance level has been hit too. Look at the horizontal line.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_1.gif Size: 44 KB
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  • #8
  • Feb 5, 2008 4:40pm Feb 5, 2008 4:40pm
Or who knows. You know in case of GU "I go my way you go your way rule"?. I have no position in this one now.
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  • #9
  • Feb 6, 2008 2:06am Feb 6, 2008 2:06am
[quote=bullrock;1836885]Or who knows. You know in case of GU "I go my way you go your way rule"?. I have no position in this one now.


WTF??? Your not long on cable?? What happened to you? Are you the same Bullrock that I know? Well if you are it's good to see you have a journal and good luck


P.s I still don't believe you, I know your still holding cable longs.
Just Trade It
  • #10
  • Feb 6, 2008 2:24am Feb 6, 2008 2:24am
[quote=Big Wave Rider;1837492]
Quoting bullrock

WTF??? Your not long on cable?? What happened to you?

P.s I still don't believe you, I know your still holding cable longs.
lol, you know he is...just hiding them from us haha

Btw, check out the montly g/u Bullrock. I think you'll find it interesting.
I dream, therefore I become.
  • #11
  • Feb 6, 2008 2:43am Feb 6, 2008 2:43am
[quote=Big Wave Rider;1837492]
Quoting bullrock
Or who knows. You know in case of GU "I go my way you go your way rule"?. I have no position in this one now.


WTF??? Your not long on cable?? What happened to you? Are you the same Bullrock that I know? Well if you are it's good to see you have a journal and good luck


P.s I still don't believe you, I know your still holding cable longs.
Hi BWR.... Yep had short GU positions closed at +800 pips. Probably reopen.
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  • #12
  • Feb 6, 2008 3:49am Feb 6, 2008 3:49am
[quote=mike w;1837524]
Quoting Big Wave Rider

lol, you know he is...just hiding them from us haha

Btw, check out the montly g/u Bullrock. I think you'll find it interesting.
Checked. Basically another 1000 pips down?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_1_m.gif Size: 48 KB
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  • #13
  • Feb 6, 2008 6:48am Feb 6, 2008 6:48am
I have no idea if that is correct. I am not a big fan of fibos but thought will have a try and drawed quickly some fibo retracement levels...
So here we go... At least VERY interesting. Might have an early clue to go long?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_1_m_fibo.gif Size: 43 KB
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  • #14
  • Feb 6, 2008 7:07am Feb 6, 2008 7:07am
Quoting bullrock
I have no idea if that is correct. I am not a big fan of fibos but thought will have a try and drawed quickly some fibo retracement levels...
So here we go... At least VERY interesting. Might have an early clue to go long?
This is an interesting level as it is the high of the last movement. However cable hit the T2 of the last correction on the monthly so I would have to say there is still some more down potential. BUT what do I know it very well could bounce up from here.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 20 KB
Just Trade It
  • #15
  • Feb 6, 2008 7:12am Feb 6, 2008 7:12am
Quoting Big Wave Rider
This is an interesting level as it is the high of the last movement. However cable hit the T2 of the last correction on the monthly so I would have to say there is still some more down potential. BUT what do I know it very well could bounce up from here.
Thanks for yuor comment. I have opened some shorts targeting the lower end of the channel seen on my chart. LONG GU LONG.
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  • #16
  • Feb 6, 2008 11:36am Feb 6, 2008 11:36am
Quoting bullrock
I have no idea if that is correct. I am not a big fan of fibos but thought will have a try and drawed quickly some fibo retracement levels...
So here we go... At least VERY interesting. Might have an early clue to go long?
I knew you'd find that one man. lol I am just waiting for the perfect setup on lower timeframes to go long.
I dream, therefore I become.
  • #17
  • Feb 6, 2008 11:39am Feb 6, 2008 11:39am
Quoting mike w
I knew you'd find that one man. lol I am just waiting for the perfect setup on lower timeframes to go long.
I would wait... At least something like a terribly simple thing like a 20 day breakout or something.
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  • #18
  • Feb 11, 2008 3:02pm Feb 11, 2008 3:02pm
Quoting bullrock
I would wait... At least something like a terribly simple thing like a 20 day breakout or something.

Whats a 20 day breakout? Do we have to wait 20 days for it to happen?
Just Trade It
  • #19
  • Feb 12, 2008 12:45pm Feb 12, 2008 12:45pm
Quoting Big Wave Rider
Whats a 20 day breakout? Do we have to wait 20 days for it to happen?
Are you serious BWR??

Well. Yes. You remember Mr Richard Donchians 4 week rule?. By the way this is part of one of my methods and yes I do wait 20 trading days for it to happen.
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  • #20
  • Feb 12, 2008 12:57pm Feb 12, 2008 12:57pm
YO BULLROCK! http://i2.photobucket.com/albums/y28...miley_rock.gif

Just to say HI and mess with your thread a notch
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