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Trend Trading All Pairs

  • #4,961
  • Mar 3, 2010 5:06pm Mar 3, 2010 5:06pm
Price is approaching a strong support level on h1 near 1.36500....

Anyone else watching it?
  • #4,962
  • Mar 3, 2010 6:31pm Mar 3, 2010 6:31pm
Quoting MktScape
Price is approaching a strong support level on h1 near 1.36500....

Anyone else watching it?
Yep I am watching it too, I have been away from the market most of the day so I need to scan the charts and see what is happening in these charts..

--NM
  • #4,963
  • Mar 3, 2010 7:11pm Mar 3, 2010 7:11pm
I mentioned this one sometime earlier ...for the last couple of days the PA has been moving sideways and has been weakining with a round top shape ....today australian trade balance has come in -ve ....looks like it will breakdown sometime tonight.

Price is holding support at 80.000 RN.
  • #4,964
  • Mar 3, 2010 7:38pm Mar 3, 2010 7:38pm
Quoting NightMoves
Yep I am watching it too, I have been away from the market most of the day so I need to scan the charts and see what is happening in these charts..

--NM
here is my 4H EU chart retesting the neckline breakout awaiting Continuation, please correct me if i am wrong
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4 040310.jpg Size: 183 KB
  • #4,965
  • Mar 3, 2010 7:46pm Mar 3, 2010 7:46pm
Is the EURJPY getting ready for a swing down with a 123 formation on the hourly chart?
Attached Image (click to enlarge)
Click to Enlarge Name: h4 eurjpy 040310.jpg Size: 196 KB
  • #4,966
  • Mar 3, 2010 8:54pm Mar 3, 2010 8:54pm
Quoting A 5
here is my 4H EU chart retesting the neckline breakout awaiting Continuation, please correct me if i am wrong
thanks
Hi A5,
the level that has the most support would be 1.36500..it has a RN + 61.8 Fib + slanted trendline .... i would wait for the price to retrace to this level.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4.PNG Size: 50 KB
  • #4,967
  • Mar 3, 2010 9:08pm Mar 3, 2010 9:08pm
Quoting MktScape
Hi A5,
the level that has the most support would be 1.36500..it has a RN + 61.8 Fib + slanted trendline .... i would wait for the price to retrace to this level.
thanks, am still raw, hence the uncertainty
will wait out and see how it goes forward
cheers
  • #4,968
  • Mar 3, 2010 9:21pm Mar 3, 2010 9:21pm
Quoting MktScape
Hi A5,
the level that has the most support would be 1.36500..it has a RN + 61.8 Fib + slanted trendline .... i would wait for the price to retrace to this level.
would the EU be on an upside bias since a triple bottom is seen
besides the EU could be due for a potential retracement upwards from the daily charts.

i noted NM did comment earlier on the possibility of retracing up to 1.4200 levels

lets watch how it develops
thanks again for your insight
  • #4,969
  • Mar 3, 2010 9:55pm Mar 3, 2010 9:55pm
Quoting A 5
would the EU be on an upside bias since a triple bottom is seen
besides the EU could be due for a potential retracement upwards from the daily charts.

i noted NM did comment earlier on the possibility of retracing up to 1.4200 levels

lets watch how it develops
thanks again for your insight
I agree. Weekly candle is intresting, maybe bear is losing their power..

Hey, did you look at CAD/CHF? Good to short i think..
Attached Image (click to enlarge)
Click to Enlarge Name: Yunero_ Mar. 04, 2010_ 11.46.gif Size: 21 KB
Trend + S&R + RR =
  • #4,970
  • Mar 3, 2010 10:34pm Mar 3, 2010 10:34pm
Quoting yunero
I agree. Weekly candle is intresting, maybe bear is losing their power..
Hey, did you look at CAD/CHF? Good to short i think..
Hi Yunero,
CAD/CHF does look like a strong candidate for a short and i have it on mylist ...I was thinking what woud be the optimal entry in this case ...BPC of the current RN or the BPC of main TL.

What are your thoughts about it.

This pair is at monthly resistance + Channel High RN + 78% fib + Inverted hammer ...looks good.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 46 KB
Click to Enlarge Name: 2.PNG Size: 47 KB
  • #4,971
  • Mar 3, 2010 11:48pm Mar 3, 2010 11:48pm
Yehaaa! my AUDNZD just hit TP for nice 130pips
AUD/JPY is on the way..

http://www.forexfactory.com/showpost...postcount=4921
Trend + S&R + RR =
  • #4,972
  • Mar 4, 2010 12:13am Mar 4, 2010 12:13am
Quoting yunero
I agree. Weekly candle is intresting, maybe bear is losing their power..

Hey, did you look at CAD/CHF? Good to short i think..
looks good though, wish you luck
somehow i am staying away from this pair as i have no affinity for it at the moment, just my personal opinion
  • #4,973
  • Mar 4, 2010 12:16am Mar 4, 2010 12:16am
Quoting yunero
Yehaaa! my AUDNZD just hit TP for nice 130pips
AUD/JPY is on the way..

http://www.forexfactory.com/showpost...postcount=4921
notice you have been scoring lots of century pips
keep up :thumbs up:
  • #4,974
  • Edited 12:48am Mar 4, 2010 12:26am | Edited 12:48am
Quoting yunero
Yehaaa! my AUDNZD just hit TP for nice 130pips
AUD/JPY is on the way..

http://www.forexfactory.com/showpost...postcount=4921

Looks like Yen's picking up some strenght

EDIT: AJ now risk free @ TP1 +50 - lets hope for free rider
  • #4,975
  • Mar 4, 2010 12:45am Mar 4, 2010 12:45am
Quoting Paulette
Looks like Yen's picking up some strenght
Yes indeed
it zoom off on my EURJPY while i was away
thats before London open
  • #4,976
  • Mar 4, 2010 12:58am Mar 4, 2010 12:58am
Quoting A 5
Yes indeed
it zoom off on my EURJPY while i was away
thats before London open

be patient - dont go before markets open, those opening candles can bite some times... very bad for the pshyc bank - I can give you some references.
  • #4,977
  • Mar 4, 2010 1:14am Mar 4, 2010 1:14am
Quoting Paulette
be patient - dont go before markets open, those opening candles can bite some times... very bad for the pshyc bank - I can give you some references.
wonderful
that would be useful in my learning process
thanks
  • #4,978
  • Mar 4, 2010 1:21am Mar 4, 2010 1:21am
Quoting Paulette
Looks like Yen's picking up some strenght

EDIT: AJ now risk free @ TP1 +50 - lets hope for free rider
Nice. That is why i like BPC that got solidly rejected by the inner trendline after a 1, 2, 3 formation. The move after that rejection is strong and violent. The same thing happened to NZD/JPY from yesterday 3/3(already reached PT 1 and exceeded it).

I am talking DAILY/H4, on both of them.

You can also see the W1 trendline being broken on both of them...a W1 trendline collapse? Hmmm....well, i will ride this as far as i can take it,...BOJ will probably interfere.
  • #4,979
  • Mar 4, 2010 1:26am Mar 4, 2010 1:26am
Quoting Paulette
Looks like Yen's picking up some strenght

EDIT: AJ now risk free @ TP1 +50 - lets hope for free rider

Guess where the NZD/CAD is right now?

http://cdn.forexfactory.com/attachme...1&d=1267483340
  • #4,980
  • Mar 4, 2010 1:34am Mar 4, 2010 1:34am
Quoting EntropyLad
Nice. That is why i like BPC that got solidly rejected by the inner trendline after a 1, 2, 3 formation. The move after that rejection is strong and violent. The same thing happened to NZD/JPY from yesterday 3/3(already reached PT 1 and exceeded it).

I am talking DAILY/H4, on both of them.

You can also see the W1 trendline being broken on both of them...a W1 trendline collapse? Hmmm....well, i will ride this as far as i can take it,...BOJ will probably interfere.
Hi EntropyLad

yes, I am enjoying this too... good to see you & Yunero on the same trade, it boosts my confidence in the selection and analysis...

IF BOJ interferes, hope they dont...
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