Opportunity Hunters - All Pairs!

Hello Fellow Traders,
Let's Hunt Market Opportunities On All Pairs.
We will Trade Short,Medium & Longer term.

I'll post my analysis tonight.

Thanks to
WB,Malcolmb,nAvien,DT,Geppyg,EG-KID,Sinner,GlobalMacro,rigitt05,Fudymo and all FF family that helped me to learn

looking forward to your trades

Good good....hope it'll be a great thread ...as great as the trader your are!

GU. the F---- pair.

Let's see what happened since 30 DEC 09 till Now.

Please Read it carefully.

The price stopped its fall @1.5831(30 Dec 09) from 1.6877(16 Nov 09) (1046 Pip) in just 32 trading days (WOW).

Then price started to retrace (Correction) and rejected @ 38.2% fibo line @1.6239 (green X on the chart)(4 Jan 2010). (408 Pips in 4 Days.).

Then fall again to 1.5894 low on 7 Jan 2010 (345 Pips in 4 days) and then start to retrace up after printed a High low on 8 Jan 2010.

The price action above allowed us to draw a positive trend line (the red line)
to know the direction and to see the critical points.

on 8 Jan price started to rally and it was predictable that it will break the last high @1.6239 (38.2 fibo). Taking int consideration the strong up momentum and acceleration, our eyes looked @ 61.8 fibo line which cable loves it.

The 61.8 line is @1.6477 and the price rejected @ 1.6456 and started to fall.

Till now we didn't forget that we are in a correction move from the last fall from 1.6877 to 1.5831.

so our eyes again looked the trend line and waiting for trend line retest or break.

on 29 Jan 2010 the trend line has been broken strongly and confirmed by day closing below it.

now we are sure that we will continue down but which target we will reach.

It's easy.
Look at the highest high above the trend line which is 1.6456 and look at trend line point below it. it is @ 1.60.

so the distance between the highest high and trend line point is 1.6456 - 1.60 = 456 pip. which is our target after the trend line breakout.

the trend line break point was @ 1.61 so our target will be 1.61 - .0456 = 1.5644

Yes I know the price fall to 1.5533 but it is the result of a very fast drop and strong steam and it bounced of it quickly and since that we are in a consolidation mode.


Now the important question:

Where it will go from here????

I will provide my view next post.

I post that to share what happened in the past to try to know what will happen in the future with high probabilities.



Please share your views, and let's discuss.


Good Luck Everyone and let's hunt the opportunities.

Well it sure is dead...but I believe GU to be bullish until the next correction.

In @ 5662 with TP @ 5684

SL @ 5648 So a fairly even R:R

I guess we'll see.

-Darren

LOL, You got it.

Attached is a daily chart.
I will Zoom-In next post and explain what I see in details.

I am looking for next 16 hours.... hoping for red circle.... .... sell under kumo. TP 87.85 (which is December daily KS) SL cca 70p

Davany

in 4H chart there are hammer and long upper shadow, i consider to buy with TP at 1.5715, or i'll wait till it going down to 1.5585 and buy.

in daily chart there are hammer and long lower shadow, which usually indicates downtrend but it has tried to break 1.57 three times and get higher every try, the last high is 1.5765, based on my chart.

conclusion : i am confused.... i want to go long but i think it's better to play safe for now..

any comment about the news for GBP?

Let's Zoom-In at daily chart.
First. The white line you see on the chart is 260 SMA.
why I choosed 260.
The year contains 52 weeks.
The week contains 5 trading days.
so the yearly trading days are 52 * 5 = 260 days.
So I have yearly moving average on the daily chart.

Question: did we break the yearly SMA? you can answer it.

Now. the price trapped in symmetrical triangle (Price Trap on the chart)
and today as you can see on the chart the price broke-out up the sub trend line (green line)
and it will continue rally to test the blue area between 1.5851 and 1.5916 which confluence
with 61.8% fibo level and 260 SMA and negative trend line (The red line).

Just want you to know as much as the high it will go as much as the fall will be very very hard.
Calculate it by the method in the above post.

So current move is Up and I have a pending Buy order @1.5635 and hope to be filled with SL @1.5570 and
TP arround the blue area.

let's take our profit first and then talking about the FALL.!!!


Note : I might be totally wrong. just share my thoughts and views with you.

Trade your charts and take care.

Good Luck everyone.

yes I'm bearish too in UJ. It's easy

But 88.77 first & then 87.75.
Good luck & trade your charts.

My entry Sell @90.20 SL 90.70 TP: channel LTL.

EJ Daily attached.
the price stuck to the negative trend line (Yellow Line) and didn't bounce off from it. and bears exhausting in the down move and shows signals to start the correction.
till now the price capped by negative trend line but also we didn't see any correction from the fall from 133.57(11 Jan 2010) to 120.70(5 Feb 2010) till now.
Currently I see a bottom has been formed and we will retrace for at least 38.2% fibo level @ 125.92 but if and only if we have one daily candle closed above 124.38 (minor horizontal resistance green line).

So I hold 2 long positions @122.31 Looking for TP1 @124.38 then 125.9
SL @121.50

I don't use SLs. I use hedging.

Trade your charts & take care.

Good Luck.

Gold Daily.
Price just touch the negative trend line which also confluence with the 78.6 fibo level @ 1107.
I bet on the bounce off trend line to the blue area. the ultimate target will be @ 260 SMA (white line)


Short @1100 SL 1130 TP 1000.

Trade Your Charts and Good Luck.

hi Baby-Trader,
nice thread, very good analysis. hope you dont mind me positng this chart here

U/C buy at retest of R turns S at 1.04200

G/U
sell at retest of S turns R at 1.58400

hi BT.. do u mind sharing indis n tpl for above chart?

thanks in advanve..

gold, falling wedge ,bullish

E/U ending daigonal at 4H- now 4ht then one more down 5th and finally north 1.40 -base of the diagonal, buy break of 1.3700

Excellent shahab8b
Welcome On board. Nice to read your posts.

Yes. shahab8b. you are right.
the breakout has occurred today. and yesterday I bet on the trend line bounce.
Look at yesterday's candle. the close is above the previous candle. so the break may be fake.

anyway. my Sl (hedge) @1130. let's wait and see.

Trade your charts & GL

Hi Denefx,
here you go.