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  • #261
  • Jun 28, 2010 8:35pm Jun 28, 2010 8:35pm
I don't know what is going on but this is crazy , I took a forex class back on 2007 with Peter Bain he said if you see this happen it is time to get the hell out from the market


Ok , I am not going to enter any new trades tell I close my 2 current trades

The Euro looks really funny , The AUD looks much better but both trade (-Ve) pips now .



Quoting forexlion
It looks as if $ is holding fort while the euro is trading against gbp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD n3.png Size: 37 KB
Click to Enlarge Name: EU n2.png Size: 43 KB
  • #262
  • Jun 28, 2010 8:48pm Jun 28, 2010 8:48pm
This is a new gann box on the daily chart for you guys to see whereis the support and the resistance.

I will get in when i see a reversal I am not buying to late to enter a buy trade now. I will trade wave 3 and 5 wave down when i see confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP n4.png Size: 46 KB
  • #263
  • Jun 28, 2010 8:55pm Jun 28, 2010 8:55pm
Waiting for a nice setup to enter longs....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg 4.jpg Size: 332 KB
  • #264
  • Jun 28, 2010 9:57pm Jun 28, 2010 9:57pm
Quoting tazzam72
I don't know what is going on but this is crazy , I took a forex class back on 2007 with Peter Bain he said if you see this happen it is time to get the hell out from the market


Ok , I am not going to enter any new trades tell I close my 2 current trades

The Euro looks really funny , The AUD looks much better but both trade (-Ve) pips now .
this is what i saw in my visions, after june 28th the markets will behave in a manner which will make even the best of the best traders vomit

totally against all fundamentals, and the only way to trade it is with extreme precautions

withdollar weakness coming, this is gonna get even more worse
  • #265
  • Edited Jun 29, 2010 1:22am Jun 28, 2010 11:25pm | Edited Jun 29, 2010 1:22am
CHANGE IN POSITIONS

long GBP/USD @


5048.....OPEN TGT...TRADE CLOSED @ 5100 PROFITS BOOKED
5027.....OPEN TGT...TRADE CLOSE @ 5100 PROFITS BOOKED
5093.....OPEN TGT
5065.....TGT @ 5200

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....OPEN TGT
77.60.....OPEN TGT
  • #266
  • Jun 29, 2010 1:00am Jun 29, 2010 1:00am
OK HERE WE GO...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg 5.jpg Size: 245 KB
  • #267
  • Edited 1:36am Jun 29, 2010 1:30am | Edited 1:36am
Quoting stevefx
Welcome to FF, thanks for making your first post. Everyone on this thread is pretty nice and tolerant twords each other. I see the divergence on the H1, but not on the H4, not clearly anyway. Please also consider the Daily TF. It shows the trend as healthy and in-tact. The smaller TFs may certainly correct though, as they will. My own plan is only to buy those dips until the Daily picture changes. Upper targets include the 200 EMA, and the 80.9 fibo.

Best of luck here and with your trades-
Hi Steve, thanks for the encouraging words. I'm happy to join the forum here and learn from all here. In fact, I do agree with you on the daily TF that the uptrend is still intact. Overall, I still hold a bullish view of GU. However, I anticipated that a retracement to the downside should happen this 2 days before GU continues its upward move. I'm happy that I'm right thus far. Shorted at 1.5110 and around 50 pips profit now since I posted yesterday night. Once bullish divergence happen on the shorter TF (i.e. M15), I'll go long and join you guys in the kill for the upward move.
  • #268
  • Jun 29, 2010 2:06am Jun 29, 2010 2:06am
Nice bounce from 4 hour t3ma (13)

this thing should be targeting the first level I posted yesterday 52xx
  • #269
  • Jun 29, 2010 2:24am Jun 29, 2010 2:24am
Quoting forexlion
Nice bounce from 4 hour t3ma (13)

this thing should be targeting the first level I posted yesterday 52xx
http://img149.imageshack.us/img149/6877/gg2j.gif


http://img149.imageshack.us/img149/9458/17024212.gif
  • #270
  • Jun 29, 2010 2:25am Jun 29, 2010 2:25am
so till the time 5238 is not touched, perish all thoughts of shorting cable

its a buy on dips
  • #271
  • Jun 29, 2010 3:22am Jun 29, 2010 3:22am
CHANGE IN POSITIONS

long GBP/USD @


5048.....OPEN TGT...TRADE CLOSED @ 5100 PROFITS BOOKED
5027.....OPEN TGT...TRADE CLOSE @ 5100 PROFITS BOOKED
5093.....OPEN TGT
5065.....TGT @ 5264
5025.....TGT @ 5264

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....OPEN TGT
77.60.....OPEN TGT

Cbl has held very well @ 5029/61.8% Fib....if this lvl holds more than 4hrs, then we should continue the move higher towards 5264...
  • #272
  • Jun 29, 2010 3:58am Jun 29, 2010 3:58am
Quoting callim22
Hi Steve, thanks for the encouraging words. I'm happy to join the forum here and learn from all here. In fact, I do agree with you on the daily TF that the uptrend is still intact. Overall, I still hold a bullish view of GU. However, I anticipated that a retracement to the downside should happen this 2 days before GU continues its upward move. I'm happy that I'm right thus far. Shorted at 1.5110 and around 50 pips profit now since I posted yesterday night. Once bullish divergence happen on the shorter TF (i.e. M15), I'll go long and join you guys...
Nice call buddy. Keep posting!
  • #273
  • Edited 8:02am Jun 29, 2010 6:20am | Edited 8:02am
NO CHANGE IN POSITIONS

long GBP/USD @

5093.....TGT @ 5264
5065.....TGT @ 5264
5025.....TGT @ 5264

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....OPEN TGT....CLOSED @ 7580...LOSS
77.60.....OPEN TGT....CLOSED @ 7580...LOSS

Cbl has held very well @ 5029/61.8% Fib....if this lvl holds more than 4hrs, then we should continue the move higher towards 5264...
  • #274
  • Jun 29, 2010 7:06am Jun 29, 2010 7:06am
Lost 2 trades





Quoting tazzam72
I don't know what is going on but this is crazy , I took a forex class back on 2007 with Peter Bain he said if you see this happen it is time to get the hell out from the market


Ok , I am not going to enter any new trades tell I close my 2 current trades

The Euro looks really funny , The AUD looks much better but both trade (-Ve) pips now .
  • #275
  • Jun 29, 2010 7:56am Jun 29, 2010 7:56am
Totally dissappointed with the way WTI Oil has been moving ....i wil take a loss on Oil trades and let my Cbl trades run......Techs are pointing lower on Oil....so it might reach 74.00....the sooner i get out the better.
  • #276
  • Edited 10:01am Jun 29, 2010 8:07am | Edited 10:01am
CHANGE IN POSITIONS

long GBP/USD @

5093.....TGT @ 5264
5065.....TGT @ 5264
5025.....TGT @ 5264
5050.....TGT @ 5264

long EUR/USD @

2420.....TG @ 2525


long WTI Crude Oil @

78.40.....OPEN TGT....CLOSED @ 7580...LOSS
77.60.....OPEN TGT....CLOSED @ 7580...LOSS

Cbl has held very well @ 5029/61.8% Fib....if this lvl holds more than 4hrs, then we should continue the move higher towards 5264...
  • #277
  • Jun 29, 2010 9:00am Jun 29, 2010 9:00am
Quoting stevefx
Nice call buddy. Keep posting!
Hmmm.. This is my 3rd post already.. Finding it fun to post.. Anyway, the short trade since yesterday night closed at a profit of 80 pips. Sell 1.5110 and TP at 1.5030. It did went lower but I decided to let go first as I saw a bullish divergence on M5 TF this noon. Afterwhich, GU really went for an upward movement since late noon and went back to 1.5103 just now.
When it reached 1.5103, I shorted at 1.5100 again as I noticed that the bearish divergence in hourly chart has not completed yet. Thus, I still firmly believed in short term bearish movement of GU in the next 2 days. Still aiming for my 1.4870 region before I really think of going long for longer term trade.

Lets see what happen from now on
  • #278
  • Jun 29, 2010 11:38am Jun 29, 2010 11:38am
Quoting callim22
Hmmm.. This is my 3rd post already.. Finding it fun to post.. Anyway, the short trade since yesterday night closed at a profit of 80 pips. Sell 1.5110 and TP at 1.5030. It did went lower but I decided to let go first as I saw a bullish divergence on M5 TF this noon. Afterwhich, GU really went for an upward movement since late noon and went back to 1.5103 just now.
When it reached 1.5103, I shorted at 1.5100 again as I noticed that the bearish divergence in hourly chart has not completed yet. Thus, I still firmly believed in short term bearish movement...
I like your style of trading --- trade what you see on the chart--- not what you think will happen. I did short also GU 50+ pips
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #279
  • Jun 29, 2010 11:53am Jun 29, 2010 11:53am
Quoting callim22
Hmmm.. This is my 3rd post already.. Finding it fun to post.. Anyway, the short trade since yesterday night closed at a profit of 80 pips. Sell 1.5110 and TP at 1.5030. It did went lower but I decided to let go first as I saw a bullish divergence on M5 TF this noon. Afterwhich, GU really went for an upward movement since late noon and went back to 1.5103 just now.
When it reached 1.5103, I shorted at 1.5100 again as I noticed that the bearish divergence in hourly chart has not completed yet. Thus, I still firmly believed in short term bearish movement...
You may be right, but I got my long signal on the H1 and I took it. Tiny bit worried about the looks of the MACD on H4, but these H1 sigs are high probability in themselves. We shall see. Easy SL though, since Price has worked itself into a wedge.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gusignal.png Size: 536 KB
Click to Enlarge Name: guh4.png Size: 314 KB
  • #280
  • Jun 29, 2010 1:50pm Jun 29, 2010 1:50pm
what was the urgency for AUDUSD to crash 200+ pips today ?
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