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Price Behaviour Trading - Gossip and Banters

  • #101
  • Edited 11:27am Mar 14, 2010 11:03am | Edited 11:27am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
for cable fans....

seems 152500 is the key..I personally need to see a bullish break 100+ pip 4 hr candle (rather 200 pip), followed by few more bullish candles to convince me we are in a bullish mode.

Clear break of this level suggests, we have nothing but air until 158. Else, we have nothing but air until 145 and below :-)
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  • #102
  • Mar 15, 2010 5:26am Mar 15, 2010 5:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Folks,

This is to ensure where the currency strength lies.
Pro's rule is to either BUY the strength and SELL the weekeness or DO NOTHING.

I leave the decision to you since you are incharge of your own coin. I bend the rules and counter trade for scalps. Anyone bullish on the pound would have realised that it's the weekest currency. Down 170 pips!!
Nothing much to EURO as I mentioned in my post above. It's EU bailout and nothing to do with GBP.

Stongest currency: CAD, AUS, I recommend (BUY THE DIPS).
Weekest Currency: GBP, EUR, I recommend (SELL THE RALLY).

Strong Index: DOLLAR, CAD, AUS, YEN

ta
ams
  • #103
  • Mar 17, 2010 2:35am Mar 17, 2010 2:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
This chart was posted on 14th march, and where we are today?

We are sitting on the trendline (touched but not broken yet). Today is the decision time if we go up or down. Break this line on a daily and dollar is going to hell once again. Else, we are playing ping pong until the score is settled.







Quoting ams
As usual, I start with indices.

Dollar index, Seems correction is on the way. Euro, and pound Same story, in range still.

Yen index, similiar to dollar. Might break or retrace back UP. Aussie, showing signs of exhaustion but very bullish still and presents a good opportunity to buy the dips.
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  • #104
  • Mar 17, 2010 2:49am Mar 17, 2010 2:49am
great analysis , insightful trader , wish i could vouch for you more than once lol

Quoting ams
This chart was posted on 14th march, and where we are today?

We are sitting on the trendline (touched but not broken yet). Today is the decision time if we go up or down. Break this line on a daily and dollar is going to hell once again. Else, we are playing ping pong until the score is settled.
  • #105
  • Mar 17, 2010 3:38am Mar 17, 2010 3:38am
I agree Ams, good analysis!
  • #106
  • Mar 17, 2010 4:47am Mar 17, 2010 4:47am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers Mate!

ta
ams

Quoting samer960
great analysis , insightful trader , wish i could vouch for you more than once lol
  • #107
  • Mar 17, 2010 4:49am Mar 17, 2010 4:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Ta Nic!

How is it going. What trades you are in, and oyur thoughts!

ta
ams



Quoting elitejets
I agree Ams, good analysis!
  • #108
  • Mar 17, 2010 4:52am Mar 17, 2010 4:52am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cable trading thoughts...
Main trend is bearish.. However, we take every opportunity to buy the dips and sell the rallies.

Levels:
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  • #109
  • Mar 17, 2010 5:42am Mar 17, 2010 5:42am
would like to hear your comments about GJ
cheers
samer
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  • #110
  • Edited 6:19am Mar 17, 2010 6:02am | Edited 6:19am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Beast is hard to quote on...either we go short on it now with tight SL 70-80 pips or @ 143....
Buying seems a better option @ 135 level though..

Quoting samer960
would like to hear your comments about GJ
cheers
samer
  • #111
  • Mar 17, 2010 6:43am Mar 17, 2010 6:43am
Thanks for your reply , i took the breakout of trendline on 4 h chart . was nice and quick . sometimes i wish trading can always be like this . didnt have even time to post the trade before i close it !
  • #112
  • Mar 17, 2010 6:47am Mar 17, 2010 6:47am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Ok, I forgot to do the EG analysis which is the main driver of pound.

Scalping short seems good @ 54200 but not a proper short.

I see that main support is broke in EG and this shows more upside to the pound. Check the levels and play accordingly. I would say buy the dips for pound as long as EG goes down. Dollar buying will provide opportunity for buying.

The moment EG starts going UP, treat dollar shorting as retrace for the down side for shorts.
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  • #113
  • Mar 17, 2010 10:26am Mar 17, 2010 10:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Something I posted on the cable thread...


For EG, if we close back below 90, it seems bull run is finished for EG, which also means bear run over for pound.

Look at EG daily chart and see around 885xx we form a true H&S pattern. Until then I see no escape for pound bullishnes. Hence would like to buy the dips when dollar strengthen. Else, both dollar and EG goes down and pound rockets like last 2-3 days.


ta
ams
  • #114
  • Mar 17, 2010 10:35am Mar 17, 2010 10:35am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hope still there for dollar bulls....
Seems pulling back...although need to see close above the line...






Quoting ams
This chart was posted on 14th march, and where we are today?

We are sitting on the trendline (touched but not broken yet). Today is the decision time if we go up or down. Break this line on a daily and dollar is going to hell once again. Else, we are playing ping pong until the score is settled.
Attached Image (click to enlarge)
Click to Enlarge Name: di.gif Size: 20 KB
  • #115
  • Mar 17, 2010 10:41am Mar 17, 2010 10:41am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
the drops was valid..generated 100 pips...
Now we buy from here (1378) I reckon...further drop is unlikely...if that happens we are going in the bear territory (for now) again...


ta
ams


Quoting ams
Beast is hard to quote on...either we go short on it now with tight SL 70-80 pips or @ 143....
Buying seems a better option @ 135 level though..
  • #116
  • Mar 18, 2010 10:40am Mar 18, 2010 10:40am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Back for the revenge...


Dollar bulls ain't let all this slide easily... we are in a bear trend...

Move yesterday was a fake it seems.




Quoting ams
Hope still there for dollar bulls....
Seems pulling back...although need to see close above the line...
Attached Image (click to enlarge)
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  • #117
  • Mar 18, 2010 12:51pm Mar 18, 2010 12:51pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I have received requests to do analysis of some currencies...

I do this to help myself as well. Please take trades based on your system and best of your knowledge / experience.

so here it is:
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  • #118
  • Mar 18, 2010 2:02pm Mar 18, 2010 2:02pm
ams nice charts.

when price closes above or below buy/sell zone, what break would you consider valid? 5-10-50-100 pips?

Quoting ams
I have received requests to do analysis of some currencies...

I do this to help myself as well. Please take trades based on your system and best of your knowledge / experience.

so here it is:
  • #119
  • Mar 18, 2010 2:24pm Mar 18, 2010 2:24pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi Coolshades,

thanks mate!

4 hr candle taking the line as piece of cake would be considered a good break.
Generally it doesn't give you the chance to take advantage of pips. Around 100 pips would be a good indication. We are talking of daily chart here. Price usually comes and test the trendlines and sometimes close below it and goes back up again. Look at the dollar index chart, it broke the line and now going backup again. Yesterdays close of 50 percent candle and today's UP move gives strong UP momentum, and gives dollar strength. However, it also validates the kissing goodbye to the trendline theory as well. By Monday we would know the direction. I am bullish on the dollar btw.

ta
ams



Quoting coolshades
ams nice charts.

when price closes above or below buy/sell zone, what break would you consider valid? 5-10-50-100 pips?
  • #120
  • Mar 19, 2010 1:58am Mar 19, 2010 1:58am
hi ams, i must say this thread is almost inspirational to me
thanks a lot for providing these charts, they are awesome

if possible i'd like to hear what you think about AUD/USD
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