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Peaches`s trading log

  • #421
  • Edited Aug 10, 2009 12:41am Aug 9, 2009 6:46pm | Edited Aug 10, 2009 12:41am
Quoting Satni
Still waiting for CHFJpy to dance..
Just be beware, CHFJpy weekly is still trap at the edge of komo.

That means some difficulties on daily rise must be expected.

Its daily tf may be still trap inthe current price range

as shown in the chart post earlier.
  • #422
  • Edited Aug 10, 2009 12:44am Aug 9, 2009 11:39pm | Edited Aug 10, 2009 12:44am
GbpUsd daily shows 2 days of correction with around 400 pips.

Long term Uptrend is still intact.

But please be prepare for some possible further short-term correction ( downtrend further)

as the TD Sequential daily count is at number 2 shown in chart below. Its not a good day to trade.

Usually, number 3 would be more aggressive. Hust and Be prepare for some actions.
Attached Image (click to enlarge)
Click to Enlarge Name: GU daily Ichimoko 10 august 2009.jpg Size: 119 KB
  • #423
  • Aug 10, 2009 5:31am Aug 10, 2009 5:31am
Its a very interesting set up on the candle front at the mo,break out after consolidation then shooting star.Ive applied the cloud to both my views and see the weekly is still in down trend (or no trade zone?)that very shooting star poking up through and of course Peter has already pointed out the daily and the support the cloud has given in recent times.
I'm not keen on the shooting star as to its location and timing a close under 50% of break out candle will I think confirm further set backs but agree possible drop then resumption trend ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14) gbpusd d1 10-aug-09 non kumo.gif Size: 12 KB
Click to Enlarge Name: 14) gbpusd w1 10-aug-09non kumo.gif Size: 13 KB
Click to Enlarge Name: 14) gbpusd d1 10-aug-09 kumo.gif Size: 18 KB
Click to Enlarge Name: 14) gbpusd w1 10-aug-09 kumo.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424
  • Edited 8:55pm Aug 10, 2009 8:37pm | Edited 8:55pm
Quoting Bones
Its a very interesting set up on the candle front at the mo,break out after consolidation then shooting star.Ive applied the cloud to both my views and see the weekly is still in down trend (or no trade zone?)that very shooting star poking up through and of course Peter has already pointed out the daily and the support the cloud has given in recent times.
I'm not keen on the shooting star as to its location and timing a close under 50% of break out candle will I think confirm further set backs but agree possible drop then resumption...
Shooting star has high probability for reversal, it is sure popular.
Its also a cause for concern, and its impact is seen here already.

However, shooting star is not a major reversal sign.
So its just like TD Setup phase,(not major reversal).

The major reserval is TD Setup plus TD Countdown phase, then we should
expect a major reversal.

ie. TD Setup+ TD Countdown= TD Sequential = Expect Major Time frame Reversal.
** If however, what is expected to happened, doesn't happen.Then something
major on the opposite is brewing.( Like a Trap) This already happen in GU daily
number 13 as can be seen clearly in my GU chart.

Yes, Im agreeable major trend will continue upward after this correction phase.
  • #425
  • Edited 10:01pm Aug 10, 2009 8:43pm | Edited 10:01pm
Quoting Satni
GbpUsd daily shows 2 days of correction with around 400 pips.

Long term Uptrend is still intact.

But please be prepare for some possible further short-term correction ( downtrend further)

as the TD Sequential daily count is at number 2 shown in chart below. Its not a good day to trade.

Usually, number 3 would be more aggressive. Hust and Be prepare for some actions.
Since Number 2 have had unveil strength in downtrend, therefore number 3 would mostly reduced in strength.

Also note that reversals of 3 candles in the chart below.But the last "Three Black Crows candles" is also a nervous picture.

So, thereafter, we should expect at least a fairly strong technical rebound due bottom picking.

Can we be that lucky, to turn this opportunity into Cash?

p/s It all depends on trader's skill too.
Attached Image (click to enlarge)
Click to Enlarge Name: reversal GU.jpg Size: 112 KB
  • #426
  • Aug 11, 2009 3:41am Aug 11, 2009 3:41am
How interesting ,so generally major reversal after
ie. TD Setup+ TD Countdown= TD Sequential = Expect Major Time
The count down can be tricky to do lots of indicators though not accurate from what I understand.I really like Demark I must admit it was one of the first strats I ever found out about tho some time since I studied.I think after my holiday I will spend a bit of time brushing up.


Quoting Satni
Shooting star has high probability for reversal, it is sure popular.
Its also a cause for concern, and its impact is seen here already.

However, shooting star is not a major reversal sign.
So its just like TD Setup phase,(not major reversal).

The major reserval is TD Setup plus TD Countdown phase, then we should
expect a major reversal.

ie. TD Setup+ TD Countdown= TD Sequential = Expect Major Time frame Reversal.
** If however, what is expected to happened, doesn't happen.Then something
[b]major on the opposite is brewing.(...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427
  • Aug 11, 2009 3:49am Aug 11, 2009 3:49am
At this point price has stalled around the 6450 mark which I was thinking may be hard to break.But shooting star turns to evening star at this point which is high probability set up.
Still it is early in week would have been better to print that on Friday lets see.
So good pips by shooting star but evening star I dont think so
Attached Image (click to enlarge)
Click to Enlarge Name: 16) gbpusd w1 11-aug-09.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428
  • Aug 11, 2009 3:52am Aug 11, 2009 3:52am
Satni do you prefer not to have the Sunday candle ?
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  • #429
  • Aug 11, 2009 4:12am Aug 11, 2009 4:12am
Yes 3 crows on the daily ,whats next ?the last 3 crow type pattern had the upper wicks which made me wary but this one only thing is middle candle is not long bodied ,lots of support around 6300.No sign of bounce just yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 16) gbpusd d1 11-aug-09- cloud.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430
  • Aug 11, 2009 4:51am Aug 11, 2009 4:51am
The pound itself has surprised me a little as I thought $ would be the driver and is challenging the rising TL ,could be retest (2) for confirmation as before ,need jobs numbers to be good ,most UK numbers have been good recently so it is possible...
Attached Image (click to enlarge)
Click to Enlarge Name: 16)usdlfx w1 11-aug--09.gif Size: 10 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431
  • Aug 11, 2009 8:25am Aug 11, 2009 8:25am
Quoting Bones
The pound itself has surprised me a little as I thought $ would be the driver and is challenging the rising TL ,could be retest (2) for confirmation as before ,need jobs numbers to be good ,most UK numbers have been good recently so it is possible...
Your analysis is quite good. What do you think about NZD/USD?
  • #432
  • Aug 11, 2009 10:04am Aug 11, 2009 10:04am
Hi pj as I type the NZD LFX has a very nice engulfing,and if it closes like that only sell this currency for at least 24 hours.3 crows here would be nice.
I dont actually trade the NZD myself mind as I have no luck with it
Attached Image (click to enlarge)
Click to Enlarge Name: 16)nzd lfx d1 11-aug--09.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433
  • Aug 11, 2009 10:25am Aug 11, 2009 10:25am
well considering im thinking the pound TL will hold above and Nzd fall how about a weekly hammer..?
Depending on daily close tonight.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16)gbp nzd d1 11-aug--09.gif Size: 17 KB
Click to Enlarge Name: 16)gbp nzd w1 11-aug--09.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #434
  • Aug 11, 2009 10:55pm Aug 11, 2009 10:55pm
Quoting Bones
well considering im thinking the pound TL will hold above and Nzd fall how about a weekly hammer..?
Depending on daily close tonight.

Thank you very much.
  • #435
  • Aug 11, 2009 11:25pm Aug 11, 2009 11:25pm
Quoting Bones
How interesting ,so generally major reversal after
ie. TD Setup+ TD Countdown= TD Sequential = Expect Major Time
The count down can be tricky to do lots of indicators though not accurate from what I understand.I really like Demark I must admit it was one of the first strats I ever found out about tho some time since I studied.I think after my holiday I will spend a bit of time brushing up.
Yup, TD Sequential is an very fine tool. Its not only tricky it can seen as freaky... Bloomberg suggest not to trade on TD setups phase but upon on completion a full phase( TDSetup +Countdown). But how many traders have that kind of patience, of not trading in one month (waiting for completion TD Seq).

Perhaps TD Combo is also good to consider.Its much faster than TD Seq in the countdown phase. I use it too.

Both TD Seq and TD Combo would be useless, UNless you know the many fine rules of these two tools.

Good luck to you!
  • #436
  • Aug 11, 2009 11:30pm Aug 11, 2009 11:30pm
Quoting Bones
Satni do you prefer not to have the Sunday candle ?

No i dont use sunday candle, ever since i know charting..hehe
  • #437
  • Aug 11, 2009 11:45pm Aug 11, 2009 11:45pm
Quoting Bones
Yes 3 crows on the daily ,whats next ?the last 3 crow type pattern had the upper wicks which made me wary but this one only thing is middle candle is not long bodied ,lots of support around 6300.No sign of bounce just yet.
The Tree Black Crows is a tell tale, for panic selling.
And I have underestimated too,and was hoping for some technical rebounce,
but 6300 support area is not far now. It had down at 1.6430 low.

Am hedging some long positions.
  • #438
  • Aug 12, 2009 5:36am Aug 12, 2009 5:36am
Right on tl,I am waiting for a sign,maybe daily ,or nice H4,but you can clearly see the small candle yesterday ,I would take as apprehension of line rather than really fast approach to line ,also GBPLFX is time machine TL held yesturday.
Weekly as is on Friday only look to sell.$ news this afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: 16) gbpusd d1 12-aug-09-.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #439
  • Aug 12, 2009 5:42am Aug 12, 2009 5:42am
Thanks Satni ,
Bloomberg have information on Demark?

Quoting Satni
Yup, TD Sequential is an very fine tool. Its not only tricky it can seen as freaky... Bloomberg suggest not to trade on TD setups phase but upon on completion a full phase( TDSetup +Countdown). But how many traders have that kind of patience, of not trading in one month (waiting for completion TD Seq).

Perhaps TD Combo is also good to consider.Its much faster than TD Seq in the countdown phase. I use it too.

Both TD Seq and TD Combo would be useless, UNless you know the many fine rules of these two tools.

Good luck to you!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #440
  • Aug 12, 2009 5:51am Aug 12, 2009 5:51am
Hey ,no problem ,but be aware my experience is very short about 2 year.
I have taken demo long ,looking for weekly hammer ,target top of old consolidation area
against trade is possibility of test of underside old consolidation,but I am happy that piercing line is bullish.

Quoting pj9100
Thank you very much.
Attached Image (click to enlarge)
Click to Enlarge Name: 16)gbp nzd w1 12-aug--09.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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