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Peaches`s trading log

  • #221
  • Jul 6, 2009 11:42am Jul 6, 2009 11:42am
Quoting JhonMonsalve
Hi Peter!

Thanks Sir! I'm reading a lot about candlestick, is pretty nice, like you said, I trade with macd too, for divergences, and that's it

Here's my chart for EurCad:

Attachment

I'm waiting for a pullback to 1.61 - 1.60 area (if we'll be there), take a look to my sto and rsi, it's on the OB zone, and sto crossing down, I'll wait for a lil pullback and then: long
Candlestick pattern on daily is unclear at this moment.

Btw, take a long yesterday on EurGbp, is pretty nice, besides there's a bullish divergence...
Sorry Peter! I had not see your post on Hussin thread about the EurGbp long, but I'm agree 100%

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #222
  • Jul 6, 2009 11:56am Jul 6, 2009 11:56am
Quoting JhonMonsalve
Sorry Peter! I had not see your post on Hussin thread about the EurGbp long, but I'm agree 100%

Jhon
no problem.

btw. I have the same target 0.90. It is upper part of daily and weekly ichimoku cloud, plus it has nice trendline.

If this trendline breaks, of course we see a shooting up eur/gbp.

Man, Trading this days is so choppy. There are most time 76.4 retraces, and it is like one day up, 2 day down, two day up, one day down.

I wish, I would catch a trend these days.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpday.gif Size: 23 KB
Click to Enlarge Name: eurgbpweekly.gif Size: 18 KB
  • #223
  • Jul 6, 2009 11:56am Jul 6, 2009 11:56am
GBP_USD Spot.png weekly

are we going to see a MOVE Down from the CLOUDS ??

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 21 KB
  • #224
  • Jul 6, 2009 12:00pm Jul 6, 2009 12:00pm
GBP_USD Spot.png daily

close below------Kij-Sen and Tan-Sen...
more downside to come ??
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 18 KB
  • #225
  • Jul 6, 2009 12:02pm Jul 6, 2009 12:02pm
GBP_USD Spot.png

6 hr TF,prices have moved below cloud,and a BEARISH CROSS,possible TEST of the cloud and than DOWN ??

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 23 KB
  • #226
  • Jul 6, 2009 2:57pm Jul 6, 2009 2:57pm
Quoting baz
GBP_USD Spot.png

6 hr TF,prices have moved below cloud,and a BEARISH CROSS,possible TEST of the cloud and than DOWN ??

baz
baz, this price action defenitly goes me on my nerves.

Lets say eur/gbp moves opposite GU:

2 days down for eur/gbp then up.

For GU 2 days up, then down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 17 KB
  • #227
  • Jul 6, 2009 3:03pm Jul 6, 2009 3:03pm
Quoting peaches
baz, this price action defenitly goes me on my nerves.

Lets say eur/gbp moves opposite GU:

2 days down for eur/gbp then up.

For GU 2 days up, then down.
I see an ascending triangle on your chart, EG is testing the LTL @0.85xx
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #228
  • Jul 6, 2009 3:31pm Jul 6, 2009 3:31pm
we should always take notice for a doji or hammer above the daily cloud:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbplfx.gif Size: 22 KB
Click to Enlarge Name: yen.gif Size: 24 KB
Click to Enlarge Name: geppy.gif Size: 25 KB
  • #229
  • Jul 6, 2009 3:40pm Jul 6, 2009 3:40pm
Quoting JhonMonsalve
I see an ascending triangle on your chart, EG is testing the LTL @0.85xx
But we should take notice of the kijun sen is resistance, and we have this candle with long upper wick.

Plus, we have a gap yesterday. So imagine a bearish engulfing tommorrow, this would give us an evening star pattern. So I think 3. test of trendline
is here.

Also we should watch weekly ichimoku situation, we are below cloud, and price has tested 3. times to get in the weekly cloud.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 16 KB
Click to Enlarge Name: eurgbpweek.gif Size: 15 KB
  • #230
  • Jul 6, 2009 3:53pm Jul 6, 2009 3:53pm
Quoting peaches
baz, this price action defenitly goes me on my nerves.

Lets say eur/gbp moves opposite GU:

2 days down for eur/gbp then up.

For GU 2 days up, then down.
Peter
i think for next 2 months,it might get difficult to trade a TREND,as there will be reversals like you say......because its HOLIDAY PERIOD...i can be wrong,but its frustrating to take a trade overnight as the next day,you give away all your gains..

But cable is once again looking BULLISH,i will be looking to BUY any DIPS tommorow,after the NEWS....

take care,its definitley difficult to trade Daily TF at the momment..

baz
  • #231
  • Jul 6, 2009 4:57pm Jul 6, 2009 4:57pm
Quoting baz
Peter
i think for next 2 months,it might get difficult to trade a TREND,as there will be reversals like you say......because its HOLIDAY PERIOD...i can be wrong,but its frustrating to take a trade overnight as the next day,you give away all your gains..

But cable is once again looking BULLISH,i will be looking to BUY any DIPS tommorow,after the NEWS....

take care,its definitley difficult to trade Daily TF at the momment..

baz
yes it is.

So, if we know there is ranging time, lets start trade ranges

eur/usd for example long for upper part ichimoku cloud.

And lets have a look tommorrow for eur/usd kijun sen and tenkan sen...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #232
  • Jul 6, 2009 4:58pm Jul 6, 2009 4:58pm
kijun sen provides support for gbp/aud:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.gif Size: 20 KB
  • #233
  • Jul 6, 2009 5:01pm Jul 6, 2009 5:01pm
Quoting peaches
yes it is.

So, if we know there is ranging time, lets start trade ranges

eur/usd for example long for upper part ichimoku cloud.

And lets have a look tommorrow for eur/usd kijun sen and tenkan sen...
i hear what you say....but also i have a voice in back of my mind saying watch out for " TRAP,TRAP,TRAP "..
But as you say,tommorow is another trading session...all the best,whichever way it goes.....BUT i feel BULLISH

baz
  • #234
  • Jul 7, 2009 6:22am Jul 7, 2009 6:22am
Quoting peaches
no problem.

btw. I have the same target 0.90. It is upper part of daily and weekly ichimoku cloud, plus it has nice trendline.

If this trendline breaks, of course we see a shooting up eur/gbp.

Man, Trading this days is so choppy. There are most time 76.4 retraces, and it is like one day up, 2 day down, two day up, one day down.

I wish, I would catch a trend these days.
Hi Peter!

It looks like the long is slowly but effective, take a look to EurGbp, a close above 0.86 is a good sign to trip until 0.875 and then 0.90, for me, is a break out.

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #235
  • Jul 7, 2009 3:19pm Jul 7, 2009 3:19pm
Quoting JhonMonsalve
Hi Peter!

It looks like the long is slowly but effective, take a look to EurGbp, a close above 0.86 is a good sign to trip until 0.875 and then 0.90, for me, is a break out.

Jhon

Hi jhon,

man, I have had heavy losses today. I have seen by yesterday daily close, a hammer or doji and pattern near kijun sen, and this has been very successfull in a bull market in the past.But of couse I should have watched weekly candlestick pattern. The tricky bit is to decide, if a hammer or doji above kijun sen or cloud appears, because there will be a reversal, or because it is a natural reaction of a resistance,and price will drop soon.

I have no basis or parameter, in which case a hammer or doji above kijun sen or cloud is successfull.

Only solution I see for this problem is to wait and see 8 or 12 hours of next trading day, if this pattern will fail or succeed.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbplfxold.gif Size: 22 KB
  • #236
  • Jul 7, 2009 4:11pm Jul 7, 2009 4:11pm
GBP_USD Spot.png

Peter as you can see the 4 Hr TF ....warning signs,and stopped at the LOW of last week...

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 11 KB
  • #237
  • Jul 7, 2009 5:28pm Jul 7, 2009 5:28pm
Quoting baz
GBP_USD Spot.png

Peter as you can see the 4 Hr TF ....warning signs,and stopped at the LOW of last week...

baz
Hi baz, I will not look at gbpusd until beginning new york session.

Only trades I am in, are eur/cad long plus gbp/nzd long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd.gif Size: 21 KB
Click to Enlarge Name: gbpnzd4.gif Size: 26 KB
  • #238
  • Jul 7, 2009 11:48pm Jul 7, 2009 11:48pm
Okay.

For geppy: Remember last summer ?

We have had this bearish cross, we have had this big draw down ?

Everybody was waiting for a retrace, it was 2 days for testing the cloud from below.

Ichimoku is a simple trend following system where tenkan sen, kijun sen and cloud are support and resistance.

Maybe we see start of new trend, and tenkan sen will provide resistance now. Iàm in
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geppy_old.gif Size: 19 KB
Click to Enlarge Name: geppy.gif Size: 21 KB
  • #239
  • Jul 8, 2009 6:16am Jul 8, 2009 6:16am
Quoting peaches
Hi jhon,

man, I have had heavy losses today. I have seen by yesterday daily close, a hammer or doji and pattern near kijun sen, and this has been very successfull in a bull market in the past.But of couse I should have watched weekly candlestick pattern. The tricky bit is to decide, if a hammer or doji above kijun sen or cloud appears, because there will be a reversal, or because it is a natural reaction of a resistance,and price will drop soon.

I have no basis or parameter, in which case a hammer or doji above kijun sen or cloud is...
Hi Peter!

Sorry for hear about that Sir, I hope your MM is pretty nice to move on fast, in this market; losses are part of the business.

Pound index is testing 50 Ema on daily charts, let's see what happen, besides, I see a weird bearish pattern too, is like defective tree black crows pattern, what do you think Peter and traders?

Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx.gif Size: 29 KB


Thanks.

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #240
  • Jul 8, 2009 6:22am Jul 8, 2009 6:22am
Quoting peaches
Okay.

For geppy: Remember last summer ?

We have had this bearish cross, we have had this big draw down ?

Everybody was waiting for a retrace, it was 2 days for testing the cloud from below.

Ichimoku is a simple trend following system where tenkan sen, kijun sen and cloud are support and resistance.

Maybe we see start of new trend, and tenkan sen will provide resistance now. Iàm in
I like this, but I'm waiting a test of 150 area, I hope some pullback from there.

Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 31 KB


Maybe we'll see kinda range between 155 - 150

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
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