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  • #3,161
  • Aug 21, 2008 1:20am Aug 21, 2008 1:20am
Long USD/JPY 107.31-107.16

Look for these lows to get passed just a little bit; price will most likely hit the .50 retracement on the dime before reversing. I think 107.24 is the best entry here.
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  • #3,162
  • Aug 21, 2008 1:46am Aug 21, 2008 1:46am
i hate picking bottoms as i am so often wrong but i'm seeing gold breaking up through 820 and oil through 117.
could be the start of a trend reversal
This may be enough to push the currencies out of the ranges they've been stuck in for the last week.
I've closed my GU short for a loss and bought EU @ 1.4813
wish i'd shorted the UY break out @ 109.50

steve
Don't kill your dreams - execute them.
  • #3,163
  • Aug 21, 2008 2:15am Aug 21, 2008 2:15am
Quoting SABTrader
i hate picking bottoms as i am so often wrong but i'm seeing gold breaking up through 820 and oil through 117.
could be the start of a trend reversal
This may be enough to push the currencies out of the ranges they've been stuck in for the last week.
I've closed my GU short for a loss and bought EU @ 1.4813
wish i'd shorted the UY break out @ 109.50

steve
When it comes to gold and oil I am looking at this as a retracement the beginning of a "C " if you will am am watching R levels coinciding with fibos closely. . . I am sure market sentiment and the media panic will help it move to at least 129.11 for LScrude and 884 for gold and obviously these will help take back some of the dramatic drops/gains (With Currency) we have seen since july 16th. . .

Once we get there I think the "commodity collapse" will truly be underway and I dont even think gold will be spared (For a time anyway)

Take a look at BRVS USD/JPY chart he posted a few ago with a long call at 107.3 ish (Perfect call!) what would be amazing to see would be if oil and gold reached their 50 R levels at the same time as this Support AND AND AND if the EUR/USD 1.5705 @76.4......

Wow that would be the greatest strong dollar setup ever....

Is it strange that thoughts of this make me tingle in odd places?
  • #3,164
  • Aug 21, 2008 2:37am Aug 21, 2008 2:37am
Quoting Dark1
Hi Billy, thank you for sharing your experience.

Can I ask you which of the following 4 bounces on the EUR/AUD would you have considered taking?

I marked 4 that gave a decent amount of pips. But I was only going to take the first one and sit out the rest for fear of a break up.
Hi Dark, To be perfectly honest with you I would have gone for the first one and probably not for the rest. On multiple approached like that your probability of success just gradiually declines in general; would have been looking for other opportunities out there on other pairs, probably.
  • #3,165
  • Aug 21, 2008 3:53am Aug 21, 2008 3:53am
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Here's what my EURUSD H4 chart looks like.
  • #3,166
  • Aug 21, 2008 3:56am Aug 21, 2008 3:56am
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Here's my USDJPY H4 chart. What I like about using the 1-2-3 arrowheads is they point out the "stronger" support resistance lines, IMHO. And the gauges keep me posted about potential support and resistance in real time on 4 time frames.
  • #3,167
  • Aug 21, 2008 4:24am Aug 21, 2008 4:24am
For the record, I post the charts to share the information they contain. It's not about what indicators are on the chart. Also, I usually only trade one pair. That way, I am focused and shouldn't miss any opportunity. All it takes is to be distracted and my entry or exit opportunity disappears.
  • #3,168
  • Aug 21, 2008 4:49am Aug 21, 2008 4:49am
Ucad (after news)
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  • #3,169
  • Aug 21, 2008 5:01am Aug 21, 2008 5:01am
Quoting CodeMuncher
For the record, I post the charts to share the information they contain. It's not about what indicators are on the chart. Also, I usually only trade one pair. That way, I am focused and shouldn't miss any opportunity. All it takes is to be distracted and my entry or exit opportunity disappears.
That's nice Cm, and this is the point: what are the information that are on your chart? I cannot see any more than nice colours, some arrows and some old s/r lines. Please explain or send us a link where we can read something about, otherwise your chart it is worthless to the community.
Regards
Max
  • #3,170
  • Aug 21, 2008 5:37am Aug 21, 2008 5:37am
closing will tell
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  • #3,171
  • Aug 21, 2008 5:51am Aug 21, 2008 5:51am
If GJ can get down this far today I like a bounce at 201.53 - 201.71 from the R and S on the 12th and 13th of May this year - WIll take a lot to get down there though
Time hides Nothing
  • #3,172
  • Aug 21, 2008 6:59am Aug 21, 2008 6:59am
Quoting dorellino
That's nice Cm, and this is the point: what are the information that are on your chart? I cannot see any more than nice colours, some arrows and some old s/r lines. Please explain or send us a link where we can read something about, otherwise your chart it is worthless to the community.
Regards
Max
Hello dorellino,

Here's a link for you.

http://kantorfx.com/forums/viewtopic.php?f=20&t=22
TTFN Merlyn
  • #3,173
  • Aug 21, 2008 7:32am Aug 21, 2008 7:32am
SHORT eur/usd 1.4813, stop 1.4904, TP 1.4392 .... swing

LONG usd/jpy 108.22, stop 107.80, TP 112.30 .... swing. Stop is below 200SMA on 4hr chart, and TP below 200SMA on weekly
  • #3,174
  • Aug 21, 2008 7:36am Aug 21, 2008 7:36am
Quoting len979
SHORT eur/usd 1.4813, stop 1.4904, TP 1.4392 .... swing

LONG usd/jpy 108.22, stop 107.80, TP 112.30 .... swing. Stop is below 200SMA on 4hr chart, and TP below 200SMA on weekly
Hi len979, what's your reasoning for longing UJ?
  • #3,175
  • Aug 21, 2008 7:38am Aug 21, 2008 7:38am
Quoting Trumpcard
Hi len979, what's your reasoning for longing UJ?
There's good support at 180.40 on daily. That level acted as resistance three times, and as support once.
  • #3,176
  • Aug 21, 2008 7:47am Aug 21, 2008 7:47am
Quoting len979
There's good support at 180.40 on daily. That level acted as resistance three times, and as support once.
cool, thanks. looking at a weekly chart, price is hovering on a major long term s/r level
  • #3,177
  • Aug 21, 2008 7:57am Aug 21, 2008 7:57am
Quoting Merlyn
Hello dorellino,

Here's a link for you.

http://kantorfx.com/forums/viewtopic.php?f=20&t=22
Thanks Merlyn, now I've got it!
Max
  • #3,178
  • Aug 21, 2008 8:11am Aug 21, 2008 8:11am
Quoting CindyXXXX
If GJ can get down this far today I like a bounce at 201.53 - 201.71 from the R and S on the 12th and 13th of May this year - WIll take a lot to get down there though
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Only 100 pips to go....
  • #3,179
  • Aug 21, 2008 8:13am Aug 21, 2008 8:13am
short eur/usd 1.4840 .... adding. This is upper trendline on bear flag on the 1hr chart.
I'll add again @ 1.4870 (if it gets there)
  • #3,180
  • Aug 21, 2008 8:13am Aug 21, 2008 8:13am
0.7160 may be a nice level to go long soon.........
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