I`m also bullish eur/jpy and eur/usd:
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Very2 happy to have found a bull land here.
Thanks for GU weekly cloud limit at 1.695x.
I have also observe some wave of profit taking around 1.6837 -1.6878.
Maybe this is first sign of positions distribution. There would be second
and third unloading of trade positions till 1.695x is reached. This is what
professional traders would do with theirs trade positions.
Thanks for GU weekly cloud limit at 1.695x.
I have also observe some wave of profit taking around 1.6837 -1.6878.
Maybe this is first sign of positions distribution. There would be second
and third unloading of trade positions till 1.695x is reached. This is what
professional traders would do with theirs trade positions.
- #384
- Aug 3, 2009 7:12am Aug 3, 2009 7:12am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Very2 happy to have found a bull land here.
Thanks for GU weekly cloud limit at 1.695x.
I have also observe some wave of profit taking around 1.6837 -1.6878.
Maybe this is first sign of positions distribution. There would be second
and third unloading of trade positions till 1.695x is reached. This is what
professional traders would do with theirs trade positions.
We have seen this on eur/usd weekly chart in the past weeks.
Maybe its best to pick a support level (tenkan sen, kijun sen, and wait to be stopped out or to be surprised
- #385
- Aug 3, 2009 10:35am Aug 3, 2009 10:35am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
see how kijun sen on 4 h chart gives nice resistance on eur/aud:
But will it hold this time
I watch on lower timeframes.
But will it hold this time
I watch on lower timeframes.
- #388
- Aug 3, 2009 10:55am Aug 3, 2009 10:55am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
also a free trade now eur/jpy.
On daily I have ema365 as target, there might be some position for short orders.
But much more interisting for target is confluence zone with weekly upper part of the cloud, fibo level and weekly TD target.
On daily I have ema365 as target, there might be some position for short orders.
But much more interisting for target is confluence zone with weekly upper part of the cloud, fibo level and weekly TD target.
- #389
- Aug 3, 2009 11:07am Aug 3, 2009 11:07am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
com on GU, this is exactly where the trouble starts, the weekly kumo cloud.
On the daily I marked the chinkou span for targets.
But look at the daily gbplfx:
The pound index has just started to get bullish.
Break through the cloud, then fall back to retest.
On the daily I marked the chinkou span for targets.
But look at the daily gbplfx:
The pound index has just started to get bullish.
Break through the cloud, then fall back to retest.
GU daily potential target,based on pattern breakout impact, is shown below.
Also shown in horizontal greenline are the chikou span previous support and resistance.
The TD Sequential is setup phase is at number 4, which means ALL of the above
potentials are still active.
Anyway, I simply can't resist taking all those nice profits that had been ringing
louder and louder...hehe
Enjoying the bull land playground here...hehe
p/s: Winner takes all always!
Also shown in horizontal greenline are the chikou span previous support and resistance.
The TD Sequential is setup phase is at number 4, which means ALL of the above
potentials are still active.
Anyway, I simply can't resist taking all those nice profits that had been ringing
louder and louder...hehe
Enjoying the bull land playground here...hehe
p/s: Winner takes all always!
- #391
- Aug 4, 2009 11:23am Aug 4, 2009 11:23am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
Congratulations, hope you have nice profit.
I will have a close look at the daily candle, because I truely believe, that daily candlestick patterns are a international communication signal between traders.
For example if today is a daily doji, I will think twice, if I go short, because it is above the cloud, so better to wait 1 or 2 trading days for next situation at tenkan sen or kinjun sen long.
I will have a close look at the daily candle, because I truely believe, that daily candlestick patterns are a international communication signal between traders.
For example if today is a daily doji, I will think twice, if I go short, because it is above the cloud, so better to wait 1 or 2 trading days for next situation at tenkan sen or kinjun sen long.
GU daily potential target,based on pattern breakout impact, is shown below.
Also shown in horizontal greenline are the chikou span previous support and resistance.
The TD Sequential is setup phase is at number 4, which means ALL of the above
potentials are still active.
Anyway, I simply can't resist taking all those nice profits that had been ringing
louder and louder...hehe
Enjoying the bull land playground here...hehe
p/s: Winner takes all always!
- #392
- Aug 4, 2009 11:31am Aug 4, 2009 11:31am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
I`am 2 and 1/2 day in profit (see entry red dashed line), and it is so tempting to take profit, but I realy want to make an ichimoku trade.
Ichimoku is - I said this before many times - a trend following system.
Look at the left part of the chart, where tenkan sen has given nice support for trend for many days. So I am expecting maybe tommorrow or on thursday a pullback to test, if cloud is support.
If this support is proofen, I will add long postion
Ichimoku is - I said this before many times - a trend following system.
Look at the left part of the chart, where tenkan sen has given nice support for trend for many days. So I am expecting maybe tommorrow or on thursday a pullback to test, if cloud is support.
If this support is proofen, I will add long postion
- #395
- Aug 4, 2009 11:52am Aug 4, 2009 11:52am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
For eur/aud I was stopped out +1 because of interest statement this morning, but I saw aud/lfx turning bullish on lower time frame, so i re-entered short at 4 h kijun sen again.
- #397
- Aug 4, 2009 12:05pm Aug 4, 2009 12:05pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
welcome to bull land !
a bit above the cloud.
Man, this cloud braking will be very powerfull, because it also breaks the weekly cloud, plus enteres the monthly cloud on chf/jpy !
This is very exciting
I hopefully catch a trend, which has happend in the past !
- #398
- Aug 4, 2009 3:13pm Aug 4, 2009 3:13pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
For eur/aud I was stopped out +1 because of interest statement this morning, but I saw aud/lfx turning bullish on lower time frame, so i re-entered short at 4 h kijun sen again.
for eur/aud no comes the tricky bit:
on one hand, we monthly cloud below, but on the other hand, we have this large bearish monthly candle, which has broken 61.8 fibo and 76.4 fibo level.
This gives us chance for full retracement ! From experience last years, area 1,55 - 1,70 is a fair value for eur/aud.
- #399
- Aug 4, 2009 3:18pm Aug 4, 2009 3:18pm
- Joined May 2008 | Status: dynamic | 2,412 Posts
price defenetly does not go in a straight line.
I took profit on E/J as I saw price turning on lower timeframes and re-entered long, on 4 h chart.
First target remains ema365, I will wach PA very carefully at this area.
Invincibility lies in the defence, the possibility of victory in the attack
- #400
- Aug 4, 2009 5:03pm Aug 4, 2009 5:03pm
- Joined Oct 2007 | Status: Trader | 3,461 Posts
perfect entry on EJ
I watched it on 1 hour chart, and I have had last days TNX candle in my mind, so I have knowledge about the move during US session.
There is one thing, that moves yen during US session, its the TNX.
TNX closed above the cloud, now comes the tricky bit, will we see next bullish move during US session?
For the yen index
Two hanging man by tomorrow end ? Down during asia and london session, and up during US session ? Lets see... 
