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Nearly Naked (Simple Trades)

  • #3,301
  • Jun 10, 2010 6:20pm Jun 10, 2010 6:20pm
Quoting amyc
GU is in a very similar position to AU, it's completed the move from green lows on Tuesday back to green highs. But the range bar charts suggest it is going to continue up on Friday.

The euro looks like it has further to move up as well.
Great stuff Amy Thanks!
  • #3,302
  • Jun 10, 2010 6:22pm Jun 10, 2010 6:22pm
A/U,

Gold

I'm still bearish on economy and bullish on USD but we need to think of alternatives
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  • #3,303
  • Jun 10, 2010 6:22pm Jun 10, 2010 6:22pm
Quoting Saxon
Great stuff Amy Thanks!
Absolutely, Thanks Amy! Sorry for bombarding you with so many questions.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,304
  • Jun 10, 2010 6:32pm Jun 10, 2010 6:32pm
Quoting MarcVUM
Amy, I guess that E/U is the driver of this market right now. At what price point do you see it continuing the descent down to "Parity"!
For the euro I wouldn't try to short it for anything more then a few pips till it gets back to the green highs.

As for parity I think that is a while off. I see a move to 1.16 in July then around a 1000 pip retrace taking place from July to October. After that another 3 quarters down which may or may not reach parity.
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  • #3,305
  • Jun 10, 2010 6:36pm Jun 10, 2010 6:36pm
Ha! I guess we should just continue going long on everything!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,306
  • Jun 10, 2010 6:40pm Jun 10, 2010 6:40pm
Quoting MarcVUM
Ha! I guess we should just continue going long on everything!
Why? We are reaching resistance everywhere.let them go a bit higher then short them all imo
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  • #3,307
  • Jun 10, 2010 6:44pm Jun 10, 2010 6:44pm
Quoting shahab8b
Why? We are reaching resistance everywhere.let them go a bit higher then short them all imo
I agree, everything should have made new lows by the end of June. We are coming up into some great opportunities.
  • #3,308
  • Jun 10, 2010 6:45pm Jun 10, 2010 6:45pm
Quoting shahab8b
Why? We are reaching resistance everywhere.let them go a bit higher then short them all imo
Oh I'm just thinking after looking at Amy's charts. I see your point on E/U. There are conflicting views out here right now so I need to take all views into my head and evaluate the pairs for myself before placing anymore trades today.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,309
  • Jun 10, 2010 6:49pm Jun 10, 2010 6:49pm
Quoting shahab8b
Why? We are reaching resistance everywhere.let them go a bit higher then short them all imo
I agree, I just have a few targets on GU and AU that are a little further up.
  • #3,310
  • Jun 10, 2010 6:51pm Jun 10, 2010 6:51pm
On E/U it is so close to the UTL and on A/U it broke the UTL. If Amy's charts show more gains coming how are these pairs to break back through those TL's?
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,311
  • Jun 10, 2010 6:59pm Jun 10, 2010 6:59pm
Quoting shahab8b
Why? We are reaching resistance everywhere.let them go a bit higher then short them all imo
~1.2154 is an S/R and fib 61.8, if PA does get there I will probably take your short
  • #3,312
  • Jun 10, 2010 7:01pm Jun 10, 2010 7:01pm
This is what I am looking at for the dollar index. After Fridays close on the blue highs at 88.421 it is moving back to the midpoints before going higher.
The range bar chart is 0.8 point bars and the current bar should complete to the downside at 86.54. Once this is complete the euro should be good for shorting again.
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  • #3,313
  • Jun 10, 2010 7:07pm Jun 10, 2010 7:07pm
If you dont mind giving a brief explanation, I'd be curious as to how you come to your conclusions.

Thanks

Quoting amyc
This is what I am looking at for the dollar index. After Fridays close on the blue highs at 88.421 it is moving back to the midpoints before going higher.
The range bar chart is 0.8 point bars and the current bar should complete to the downside at 86.54. Once this is complete the euro should be good for shorting again.
Annoying Precision
  • #3,314
  • Jun 10, 2010 7:10pm Jun 10, 2010 7:10pm
Quoting erikte279
If you dont mind giving a brief explanation, I'd be curious as to how you come to your conclusions.

Thanks
Have a look in my trading Journal, its all in there. amyc trade journal, there is an explanation of my methodology posted around a month ago.
  • #3,315
  • Jun 10, 2010 7:17pm Jun 10, 2010 7:17pm
I'll do that, thanks.

Quoting amyc
Have a look in my trading Journal, its all in there. amyc trade journal, there is an explanation of my methodology posted around a month ago.
Annoying Precision
  • #3,316
  • Jun 10, 2010 7:17pm Jun 10, 2010 7:17pm
U/j's really firing off
Annoying Precision
  • #3,317
  • Jun 10, 2010 7:19pm Jun 10, 2010 7:19pm
Quoting Saxon
~1.2154 is an S/R and fib 61.8, if PA does get there I will probably take your short
Chart
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  • #3,318
  • Jun 10, 2010 7:20pm Jun 10, 2010 7:20pm
Quoting erikte279
A nice potential long on u/j is brewing
Great Call, I would give you a gold star on your bad-a*s-calls sticker chart, but since that doesn't exist I will give you this
  • #3,319
  • Jun 10, 2010 7:25pm Jun 10, 2010 7:25pm
you started buying $'s.........didnt you?

Quoting Saxon
Great Call, I would give you a gold star on your bad-a*s-calls sticker chart, but since that doesn't exist I will give you this
Annoying Precision
  • #3,320
  • Jun 10, 2010 7:33pm Jun 10, 2010 7:33pm
i will definitely buy usd/cad right now
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