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  • #861
  • Sep 22, 2008 7:06am Sep 22, 2008 7:06am
Quoting Harry123
If this pair retrace, there is a high probality it will reach Fib Zone 144 which is also the deep retracement of 61.8%
Dont forget that there's important news - i.e. fundemental input - out in 25 mins at 8:30am EDT on the USDCAD
Trading Levels with WRBs
  • #862
  • Sep 22, 2008 7:34am Sep 22, 2008 7:34am
Time to short? Touches 38.2 and 15M stoch hooking down.
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  • #863
  • Sep 22, 2008 8:09am Sep 22, 2008 8:09am
Progress of short:
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  • #864
  • Sep 22, 2008 8:22am Sep 22, 2008 8:22am
what about the cad \ jpy & nzd\chf , are we still looking at them for a short ?

since the nzd\chf respected the 61.8 retracement , and the cad\jpy is about 50 pips from there ... if we are still look at them as a short , it will be very wise to watch them closelly in the next few hours...
  • #865
  • Sep 22, 2008 8:32am Sep 22, 2008 8:32am
Is anyone looking at USD/JPY.
  • #866
  • Sep 22, 2008 8:42am Sep 22, 2008 8:42am
Quoting Harry123
Time to short? Touches 38.2 and 15M stoch hooking down.
Nice one Harry - now that I've put up a new page for the CAD, I see that there was a confluence of todays daily pivot and the 38% fib - a good place to watch - and it obliged!
Trading Levels with WRBs
  • #867
  • Edited 9:26am Sep 22, 2008 8:50am | Edited 9:26am
Quoting Harry123
Time to short? Touches 38.2 and 15M stoch hooking down.
Harry...

Nice call on the short @ 38 fib retracement.
  • #868
  • Sep 22, 2008 8:54am Sep 22, 2008 8:54am
Quoting Fx Pipin
Is anyone looking at USD/JPY.
Hi, ive been following this, certainly USDJPY ls looking very promising, I believe there is harmony in this pair with 0 at the high of 110.27 on Aug 25.

The pair has recently completed its retrace to fib zone of 233 after hitting out 610 in mid sep, looks like it is heading towards the 987.
Attached Image (click to enlarge)
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  • #869
  • Sep 22, 2008 8:55am Sep 22, 2008 8:55am
Quoting Barak's pip
what about the cad \ jpy & nzd\chf , are we still looking at them for a short ?

since the nzd\chf respected the 61.8 retracement , and the cad\jpy is about 50 pips from there ... if we are still look at them as a short , it will be very wise to watch them closelly in the next few hours...
I think that Cable, Euro and Swissy are more interesting right now...
Trading Levels with WRBs
  • #870
  • Edited 9:48am Sep 22, 2008 9:10am | Edited 9:48am
Quoting Islander
I think that Cable, Euro and Swissy are more interesting right now...
they are interesting , but I do not see how can I get into position right now on them... what I am looking for is getting into position in a way that there will be a reasonable r:r ratio this why I looked at the cad\jpy - it's close to that 61.8 - and if it will respect it then...

update - cad\jpy on the target , where would you put stop loss ?
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  • #871
  • Sep 22, 2008 10:02am Sep 22, 2008 10:02am
Quoting Barak's pip
they are interesting , but I do not see how can I get into position right now on them... what I am looking for is getting into position in a way that there will be a reasonable r:r ratio this why I looked at the cad\jpy - it's close to that 61.8 - and if it will respect it then...

update - cad\jpy on the target , where would you put stop loss ?
I wouldn't want to risk more than 30 pips above the high of 103.10

So far - for me - the CADJPY has shown a lot of strength and has rallied fast on good volume and run well past the 61.8 retrace and got close to the 76.4 level - BUT has been halted at the 233 Fib Zone - also the sweet spot level at 103.00.

Have the fundementals for this cross changed from bearish to bullish - as I've never traded it, I have no idea! - good luck with your trade...
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #872
  • Sep 22, 2008 10:18am Sep 22, 2008 10:18am
Quoting Islander
I wouldn't want to risk more than 30 pips above the high of 103.10

So far - for me - the CADJPY has shown a lot of strength and has rallied fast on good volume and run well past the 61.8 retrace and got close to the 76.4 level - BUT has been halted at the 233 Fib Zone - also the sweet spot level at 103.00.

Have the fundementals for this cross changed from bearish to bullish - as I've never traded it, I have no idea! - good luck with your trade...
thanks for reply ,

my chart looks a bit different , the 0 zone is @ 107.13 - like Mouteki showed on that video , and 61.8 retracement is under it and for now look like being respected ... this is why I'm thinking short .

about the fundamentals , I did not see any "favor" for the cad or the jpy - I don't know what we need to do in such case...

any way I attach my chart
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  • #873
  • Sep 22, 2008 11:57am Sep 22, 2008 11:57am
Just as Mouteki as predicted, the 610 fib zone has just been taken out. I didn't took this trade as I want to observed whether harmony has been respected. I took the EUR/USD trade instead as it move in the opposite direction. If anyone has taken this trade according to Mouteki's video, it would have been an easy 200+ pips in the green.

I am beginning to understand the system better.

Thanx
  • #874
  • Sep 22, 2008 12:01pm Sep 22, 2008 12:01pm
This pair just hit the 610 level.. Are we looking for it to hit the 987 level ?
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  • #875
  • Sep 22, 2008 12:07pm Sep 22, 2008 12:07pm
Quoting DOVOFreak
Just as Mouteki as predicted, the 610 fib zone has just been taken out. I didn't took this trade as I want to observed whether harmony has been respected. I took the EUR/USD trade instead as it move in the opposite direction. If anyone has taken this trade according to Mouteki's video, it would have been an easy 200+ pips in the green.

I am beginning to understand the system better.

Thanx
This method has certainly got my attention and appears to have some merit behind it. I rode that swissy trade down to the 610 and took profit there. Next target would be the fib expansions then the 987. Hopefully we can get a retrace next.
  • #876
  • Sep 22, 2008 12:10pm Sep 22, 2008 12:10pm
Here is a D1 chart of the AUDNZD which looks good for a short soon. We could take an early/riskier short @ 38.2%/1.2252 or wait for price to reach 610 FZ/1.2356 to short which is a more conservative approach.

TimeFreedom
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  • #877
  • Sep 22, 2008 12:11pm Sep 22, 2008 12:11pm
Short EUR/USD @ 1.4750? Anyone looking at this too?

Maarten

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  • #878
  • Sep 22, 2008 12:20pm Sep 22, 2008 12:20pm
Here you can find EURAUD Daily and H4 charts with an interesting situation.

On the Daily chart we can see that this pair started to perform a big retracement move since 4 days ago. It retraces between 38.2% and 50% levels. As this pair is respecting daily Fibonacci levels we can assume that actual up trend is ok.

At the H4 chart we can see Fibonacci zones from the last significant High making a big move down near to FZ 987.

It seems that this pair is finding suport at this price levels and that can begin to resume previous price movement. However it is also possible to see a retracement to H4 38.2% retracement level - near to the H4 FZ 610 and start to move down.

Which one have the bigger probability to happen??
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Bye! Target
  • #879
  • Sep 22, 2008 12:30pm Sep 22, 2008 12:30pm
Quoting TimeFreedom
Here is a D1 chart of the AUDNZD which looks good for a short soon. We could take an early/riskier short @ 38.2%/1.2252 or wait for price to reach 610 FZ/1.2356 to short which is a more conservative approach.

TimeFreedom
I've been seeing a long for this pair , see my chart. There was respect to the 38.2 fib which overlaps the 144 level.
Attached Image (click to enlarge)
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  • #880
  • Sep 22, 2008 12:41pm Sep 22, 2008 12:41pm
Does anyone here think there's harmony here.
It looks like there is a retracement to the 38.2 fib which overlaps the 23.6 fib from a previos swing.
Right now its hovering over the 233 level.
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