DislikedMorning all ...
I'm looking at USD/JPY as a potential short.
- 61.8 fib breached
- stochs are trying to cross over
- current 1hr candle has crossed 5ema
- awaiting support at daily pivot to be broken
Any thoughts?
RobIgnored
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DislikedMorning all ...
I'm looking at USD/JPY as a potential short.
- 61.8 fib breached
- stochs are trying to cross over
- current 1hr candle has crossed 5ema
- awaiting support at daily pivot to be broken
Any thoughts?
RobIgnored
DislikedNice discipline on the EG trade Chow.
I did at least hold my GU trade overnight, up 108 ...(20 are thanks to the poor UK houses price news just out)Ignored
DislikedYour GU analysis playing out nicely, great trade.
I trade an auto strat using GU that enters off the 4hr, i switched the short 'engine' on a couple of days ago from the weekly/daily trend shift. I find the weekly stoch 5,3,3 indicates long/short bias quite well on GU.Ignored
DislikedYes, GU is moving down well.
EG almost reached it's all time high. Are you still in?
UJ has crossed above 78.6 fib and stochs have uncrossed themselves.Ignored
DislikedAn extra note on this. Some might be familiar with ozfx. He called short on this pair at midnight GMT. Stochs on the daily crossed over and pointing down. This gives me a little more confidence of going short.Ignored
Dislikeddue to news we have to consider a couple things. JPY is strong on HIGH CPI (edit) with employment concerns. UK is weak but has GDP and Current account out soon. These trends could reverse. Just looking at a GU 1hr chart it looks like GU needs a retrace long.
AUDUSD is at 76% of yesterday's move
S&P is at 50% retracement after a big end of day move down yesterday. should continue down on volume.Ignored
DislikedHi David,
Its 12:33am here in the UK, but I will try my best to answer your questions.
...........
I hope I have answered your questions to your satisfaction.
-DAZ-Ignored
DislikedStill in EG. Came within a couple of pips of the 3rd target. I've moved stops up now to lock in some profit on the final tranche...high prob of rejection here i suppose.Ignored
Disliked3rd target @ FE 78.6 hit (7902)
2 further tgts, FE100 @7927 and the 38.2 extension of the AB move @7943.Ignored
DislikedFirst of all, thank you Daz for sharing this profitable system with all of us.Personally, you've provided an important trading weapon to add to any trader's arsenal.
I've always thought that Fibs had a lot to offer, but you've really cleared up a lot of issues w.r.t. Fibs for me (e.g. where to set anchor points,etc.)!
With regards to GU Daily chart,I'd appreciate your views on the following:
http://www.forexfactory.com/showpost...&postcount=195
Any corrections would be appreciated as well.
Hope you don't mind me posting this link, it just saves me from re-working the charts,etc.
Thanks again,
Wishing you many pips,
DSIgnored
Disliked3rd target @ FE 78.6 hit (7902)
2 further tgts, FE100 @7927 and the 38.2 extension of the AB move @7943.Ignored
DislikedGreat trade Chow! I was hoping for a 79 test, but I sold out yesterday, only had 1 lot going as I'm a fulltime student with not much trading ammo yet.Ignored
Dislikedhey guys,
wat dou think of eur/jpy..almost testing .618 for now..Ignored
Dislikedhey guys,
wat dou think of eur/jpy..almost testing .618 for now..Ignored
DislikedThanks - flat now from the break south of the recent hrly inside candle. Looks like it may reset for another Daz long, perhaps not until early next week now though.
Wish i'd got into trading during my student daysIgnored