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600 Pips a Month with Shahab and GeppyG

  • #81
  • Jun 2, 2010 1:28pm Jun 2, 2010 1:28pm
June 2, 2010 08:43 ET: IRAN CENTRAL BANK says it has begun the first phase of sales of about 45 billion euros of its reserves for dollars, according to the Iranian state-run Jaam-e-Jam newspaper reported. 15 billion euros will be sold in the first stage of the transactions. But central banks from Brazil, China and Russia have already said they will not be selling out of their euro holdings. EURUSD vulnerable to retesting $1.2130.
Find a job that you love and you dont have to work again in your life.
  • #82
  • Jun 2, 2010 2:09pm Jun 2, 2010 2:09pm
Quoting Geppyg
A More Clear chart for direction

Hope this helps

Geppyg
hi GeppyG
should this mean cable should rocket up in the next few days to, say, 1.5000 or more?

cheers and keep up the good work

tomaz
  • #83
  • Edited 3:18pm Jun 2, 2010 2:17pm | Edited 3:18pm
Appreciate it Mr. Geppy! Thanks for your email and the indicators. One question. What do you guys think about going long on usd/cad at 1.0310. There is a pretty good support there. I am not posting the chart as this is a commercial forum.
Thanks
  • #84
  • Jun 2, 2010 2:21pm Jun 2, 2010 2:21pm
Thank you for all of your hard work and dedication. Will you guys be posting when and if a trade becomes invalid?
Thanks
  • #85
  • Jun 2, 2010 3:57pm Jun 2, 2010 3:57pm
Quoting Sierra8561
Thank you for all of your hard work and dedication. Will you guys be posting when and if a trade becomes invalid?
Thanks

Yes ,we do.
  • #86
  • Jun 2, 2010 4:05pm Jun 2, 2010 4:05pm
Quoting Geppyg
Lets have a look at the Aussie Accumalation......
Au Accumalation Played out perfectly currently sitting above the TL...Lets see what happens for a new signal.....on AU...

Good Day
Attached Image (click to enlarge)
Click to Enlarge Name: au77.gif Size: 22 KB
Let Price determine your future!
  • #87
  • Jun 2, 2010 4:41pm Jun 2, 2010 4:41pm
Quoting shahab8b
Trade#3
USDJPY Sell limit at 92; this is a pending order.
SL=93.10
1st TP=90.60 ,2nd TP=89.80
Time Frame of the trade:2-5 days
Reasons:
1-Fib level
2-Support Turned Resistance
3-Weekly R1

We are closing the the UJ short trade from 92 at 92.16 , the reason is the PA and the daily candle close
-16 * 2= -32 pips

The Performance of the day one:

1-AUDUSD short from .8375 1st TP at .8305 +70, 2nd stopped at B/E
2-USDJPY short from 92 closed at 92.16 , -16*2= -32

Daily count: +38
  • #88
  • Jun 2, 2010 5:13pm Jun 2, 2010 5:13pm
Just remember this critical level of 87.40 on the DI that break and I am telling you hell will break loose....

On the down side break of 86 and the same...
Now it is the patience game...

I promise you this we should not miss the trade...

Good Day
Geppyg
Attached Image (click to enlarge)
Click to Enlarge Name: dollarindex2.gif Size: 25 KB
Let Price determine your future!
  • #89
  • Jun 2, 2010 5:24pm Jun 2, 2010 5:24pm
Here is a very clean picture of the current price action ..
Attached Image (click to enlarge)
Click to Enlarge Name: dollarindex3.gif Size: 23 KB
Let Price determine your future!
  • #90
  • Jun 2, 2010 5:37pm Jun 2, 2010 5:37pm
As it has been already mentioned by GeppyG, we are getting close to see some serious move.

E/U 4Hr chart:
Attached Image (click to enlarge)
Click to Enlarge Name: eu4a.gif Size: 17 KB
  • #91
  • Jun 2, 2010 6:55pm Jun 2, 2010 6:55pm
Hi all,

Trade Signal Number 4:

Sell : AudUSD-0.8525
Stop : AUDUSD-0.8585

Target 1: 0.8500- Take profit if playing bigger lots.
Target 2: 0.8480

Overall target 50 Pips:

Reason for trade:
1. Daily R2
2. Resistance has held between 26th of may to 1st of the month
3. A good First Touch Trade
4. Good Co-relation with the dollar index levels

Have a nice day

Geppyg
Attached Image (click to enlarge)
Click to Enlarge Name: aussie dollar.gif Size: 23 KB
Let Price determine your future!
  • #92
  • Jun 2, 2010 7:20pm Jun 2, 2010 7:20pm
Gold
Attached Image (click to enlarge)
Click to Enlarge Name: gold3b.gif Size: 25 KB
  • #93
  • Jun 2, 2010 9:53pm Jun 2, 2010 9:53pm
Quoting shahab8b
We are closing the the UJ short trade from 92 at 92.16 , the reason is the PA and the daily candle close
-16 * 2= -32 pips
And what could be the reasons for the PA and the daily candle close ?, here are some news about it:


0339 GMT [Dow Jones] USD/JPY rises to 92.26 vs 92.04 earlier as firmer Asian shares prompt regional investors to buy risk-sensitve EUR/JPY, lifting USD/JPY in tandem, says Satoshi Okagawa, senior FX dealer at Sumitomo Mitsui Banking. Nikkei last +2.6%. Still, thinks USD/JPY's rise above 92.50 looks difficult in global day, even if U.S. ADP employment report, due at 1215 GMT, brings positive surprise. Stop-loss buying orders placed 92.50, players may test further upside, but Japan exporters may cap. Adds, although risk aversion easing, "players are not that confident to buy (the euro) aggressively" as concerns about euro zone debt problems hurting global economy persist. Investors expected to keep close eye on U.S. non-farm payrolls due Friday. Dow Jones poll of economists tips ADP data to log +75,000 in May vs +32,000 in April; non-farm payrolls likely +515,000 vs +290,000.([email protected])

2330 GMT [Dow Jones] Speculation next Japan PM will be current finance minister Kan, who has made no secrets of favoring weak JPY, has likely pushed USD/JPY into higher range, with pair possibly rising to 93.50 before Friday's May non-farm payroll report, says Motonari Ogawa, senior FX dealer at Barclays Capital. Says more than yen-negative political risk factors following PM Hatoyama's decision yesterday to resign, "it's been the speculation that Kan will replace him that has made people more bullish on the dollar-yen." In coming weeks this means pair may slowly settle into higher 93-95 range, particularly if Friday's employment report in line with expectations for strong 515,000 jobs growth, he says. Still, on day, traders watching for possible Japan exporter-sales, which could temper any rises; last 92.19.

Front-runner is current finance minister Kan, who made no secret of preference for weaker JPY, which benefits nation's key export sector, helps fight deflation. Speculation that Kan will become PM has already pushed USD/JPY higher; if Kan does take helm, USD/JPY may gradually settle into higher 93-95 range, says Barclays Capital senior FX dealer Motonari Ogawa. Pair last around 92.20. See =Japan Political Change May Lead To Weaker Yen, Fiscal Reform ([email protected])
  • #94
  • Jun 2, 2010 11:11pm Jun 2, 2010 11:11pm
Quoting Lasker
And what could be the reasons for the PA and the daily candle close ?, here are some news about it:


0339 GMT [Dow Jones] USD/JPY rises to 92.26 vs 92.04 earlier as firmer Asian shares prompt regional investors to buy risk-sensitve EUR/JPY, lifting USD/JPY in tandem, says Satoshi Okagawa, senior FX dealer at Sumitomo Mitsui Banking. Nikkei last +2.6%. Still, thinks USD/JPY's rise above 92.50 looks difficult in global day, even if U.S. ADP employment report, due at 1215 GMT, brings positive surprise. Stop-loss buying orders placed 92.50, players...
Good Morning,
Lasker next time I have a question I will definately ask andrew.mohan my friend).

A) Can you plese delete your Post

B) Next time you would like to place an valid arguement this is how you have to do it on here: ( Please dont post a news article that is embarrasing)
1. Explain your technical reason with a a chart
2. Explain your Fundamental reason.
3. Explain your logical reason.

I thank you in advance for your understanding
Geppyg
Let Price determine your future!
  • #95
  • Jun 2, 2010 11:23pm Jun 2, 2010 11:23pm
Hi Geppyg,

Is this right time to sell eu,gu,au according to dollar index.. dollar index has a trend line support and horizontal support..

http://i592.photobucket.com/albums/t...mingServer.gif
Anything is possible; everything is negotiable
  • #96
  • Jun 2, 2010 11:29pm Jun 2, 2010 11:29pm
Quoting EurekaForex
Hi Geppyg,

Is this right time to sell eu,gu,au according to dollar index.. dollar index has a trend line support and horizontal support..

http://i592.photobucket.com/albums/t...mingServer.gif
Hi eurekafx,

I am totally looking at the same thing,

Lets wait for Big ben to complete
Make sure we get the hourly closing above
and then we take the position....as london will give direction..will post the trades as they become live.

Very Nice Chart
Very Good Logic

GeppyG
Let Price determine your future!
  • #97
  • Jun 2, 2010 11:33pm Jun 2, 2010 11:33pm
Quoting EurekaForex
Hi Geppyg,

Is this right time to sell eu,gu,au according to dollar index.. dollar index has a trend line support and horizontal support..
Can you also see how every single $VS currency has stalled at this point...
and how AUDUSD Trade didnt even make it to R2. which was 20 pips away.

My Point is....for scalps you could have easily made 60 pips on all with au,eu and gu if you would have shorted on the touch of the trendline......

Thanks
GeppyG
Let Price determine your future!
  • #98
  • Jun 2, 2010 11:37pm Jun 2, 2010 11:37pm
Quoting Geppyg
Can you also see how every single $VS currency has stalled at this point...
and how AUDUSD Trade didnt even make it to R2. which was 20 pips away.

My Point is....for scalps you could have easily made 60 pips on all with au,eu and gu if you would have shorted on the touch of the trendline......

Thanks
GeppyG
Great analysis GeppyG
  • #99
  • Jun 2, 2010 11:52pm Jun 2, 2010 11:52pm
Quoting Sierra8561
Great analysis GeppyG
I just love it when a plan comes together..... am hoping that we can pass on as much knowledge as we can ..in the coming months....

Will not be posting that much today..as I need to concentrate on trading....

Good Day

Geppyg
Let Price determine your future!
  • #100
  • Jun 2, 2010 11:59pm Jun 2, 2010 11:59pm
Quoting Geppyg
Hi all,

Trade Signal Number 4:

Sell : AudUSD-0.8525
Stop : AUDUSD-0.8585

Target 1: 0.8500- Take profit if playing bigger lots.
Target 2: 0.8480

Overall target 50 Pips:

Reason for trade:
1. Daily R2
2. Resistance has held between 26th of may to 1st of the month
3. A good First Touch Trade
4. Good Co-relation with the dollar index levels

Have a nice day

Geppyg
We are closing this trade as we did not get to the expected levels in the timeframe required.

NO NEW OPEN TRADES

GEPPYG
Let Price determine your future!
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