Trend Strength Market Views

Trend Strength Market Views

Hello Traders. I decided to start this thread to share my market views and trading concepts. I watch several pairs including AU, GU, EU, U/chf, AY, GY, EY and UY.

Please feel free to stop by and leave your constructive comments.

thanks in advance.

I am anticipating some buying of UY within the month as I suspect BOJ will not allow it to remain below 90.00 for any extended length of time.
Presently i am building a long position with support just below 85.00
if 85.00 is broken, i will make an assessment depending on the price action around the time of the break. I am using extremely low leverage.

Recently there was a similar type trade with with EY with support at 116.00
presently EY is above 125.00

GU pre - retail sales 12 18 08

i am anticipating a downside move in GU prior to the next retail sales release.

Daily Trend: still down
Intermediate and short term trend: Up

Resistance lvls are:
5590 - 5620
5640 - 5680

yesterday we had a simliar setup, however, the fundamental releases had more weight than the next UK rtl sales release.

good luck

potential targets within next 2 hours:
5450 to 5410

profit taken on gu

UY update: still holding long

looking for upside price action and to find support above 90.00

GY 12 18 08

some support building for GY...

ecad post news CAD rtl sales release trade 12 18 08

sold ecad in the 7460 area on the premise that the move Up was already priced in and would retreat unless there was a significant deviation from the expectation.
1.75 area could be the high for rest of the year,,, not much left

watchin ecad for a brk of 7080
most profit already banked

7080 brkn so i will be looking to sell retracements

operating under the assumption that yesterdays hi would remain intact...

ecad update.... enough for now.....

lets see what happens... its friday....
and then it will be sunday.

UY above 90.00 lets see what they do after lunch then during european session...might retrace down again before any significant run up ( if it happens)

Uk Current act and GDP will be out later, so we may get a wave or 2 up on gu before a possible move down in anticipation of the releases.

au action 12 22 08

Hi guys..been on Holiday in Mexico. we have been posting some lite calls in the chat room already. this coming week we will post some more charts and information for you.
thanks.

lookin for a move back up before another move down in advance of Uk data coming on the 20th.

downside brk of the triangle. some support for a minor bounce at 4400; earnings coming this week in equities...be aware.

although we see somewhat of an inverted H&S on the 30 min chart, we are anticipating more selling going in to london and next US session for gu and gy.
Todays US session vreated a V bottom, however, The Higher TFs are still showing short bias. There is also some more data coming this week. Depending on mkt reaction to remaining data this week we may have a better idea of the next med term swing. A violation of the dbl top area would warrant further analysis.