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Stocky
- #88
- Jul 1, 2010 7:21am Jul 1, 2010 7:21am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
"Morning All"
Hi Tau,
Thanks for sharing your charts and trading system. It is kind of you to share this indicator with rest of the members on the thread as I know alot of work has gone in behind developing it. You seem to have achieved steady results over the last 10 days so well done again. Hopefully others can use this indicator with the same discipline you do and achieve similar results.
[color=black][font=Verdana]Going onto GU like a few others...
It is the least I can do... happy that it's allowed.
I just made work with a lot of bits and pieces from great programmers. I, myself - pretty useless when it comes to that.
I wanted to get to a setup that may, at times, be leading me to better probability. I seriously respect the skills of all traders here. Naked charts will kill me. I am not that good - yet.
GU - I need to be extremely careful not to get sucked into a bias of shorting. Keep an open mind... my charts however tells me this is a retrace. This may, off course, change within an instant...
Trade Price - I see you have a sense of humour. Come on - give those charts some colour thingy's and bells and whistles
. I will only trade naked charts in summer.Trade well
Thanks. My chart.
Nice clear chart mate....5017/40 is where the top of the right shoulder should be forming on the 4 hrly...so I will be keeping a close eye on PA around here....I dont expect us to turn imediately given the high TF levels we are looking at. One thing is for sure there will be plenty of chop around this area until NFP's are done and the shoulder is formed....if at all..
Hope all is well back in the US.
Stocky
- #90
- Jul 1, 2010 7:23am Jul 1, 2010 7:23am
- Joined May 2009 | Status: step into liquid | 3,460 Posts
Good day to you,
It is the least I can do... happy that it's allowed.
I just made work with a lot of bits and pieces from great programmers. I, myself - pretty useless when it comes to that.
I wanted to get to a setup that may, at times, be leading me to better probability. I seriously respect the skills of all traders here. Naked charts will kill me. I am not that good - yet.
GU - I need to be extremely careful not to get sucked into a bias of shorting. Keep an open mind... my charts however tells me this is a retrace. This may, off course,...
- #91
- Jul 1, 2010 7:28am Jul 1, 2010 7:28am
- Joined May 2009 | Status: step into liquid | 3,460 Posts
Hi Calderone,
Nice clear chart mate....5017/40 is where the top of the right shoulder should be forming on the 4 hrly...so I will be keeping a close eye on PA around here....I dont expect us to turn imediately given the high TF levels we are looking at. One thing is for sure there will be plenty of chop around this area until NFP's are done and the shoulder is formed....if at all..
Hope all is well back in the US.
Stocky
Things are nice here in the US, except for the huge oil mess in the gulf. I have family in Florida but they are on the east coast. Might be a good time for me to buy property on the gulf!
update.
did take a long when saw lots of volume at that level.
lovely trade
GU has just powered through 5017 and the TL above it..
I sat that out...5017 was the resistance line that had to be broken before I would consider going long that far up but with the descending TL just above was unsure so left it...Will wait for a retrace of some sort before re-entering...I get the feeling this is a stop clearer for shorts...next 4 hr close will be important.
Stocky
- #94
- Jul 1, 2010 8:48am Jul 1, 2010 8:48am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
What a power sweep on Daily....
- #96
- Jul 1, 2010 10:09am Jul 1, 2010 10:09am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #98
- Jul 1, 2010 11:40am Jul 1, 2010 11:40am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #99
- Edited 11:59am Jul 1, 2010 11:45am | Edited 11:59am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #100
- Jul 1, 2010 3:29pm Jul 1, 2010 3:29pm
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
I can recall on an earlier post in DT's thread when UC hit the standard green 76.4 fib that a reversal was likely. Reasons were the fibs, extensions, and breach of upper Guppy profile MA whilst said profile was clearly heading south. Now, on July the first and just to confuse all as to future direction, we conveniently arrive back down at the standard green 88.6 fib/FE 38.2 – almost to the pip on the later - and just in time for the end of ECB intervention - oops, temporary bridging loans – and turnover over of fiscal year considerations.
…it’s uncanny… well, uncanny in the sense that it could be so easy for a retailer such as myself to be able to make the prediction. Pff, if only I had a million to punt.
Moving on: I see that Gold is expected to make a significant correction, and that there appears to be what seemed intervention on a UC bar around five hours ago. If ever I felt that manipulation was in play in order to reprieve, the last few hours have provided enough correlation for me. Of course, this was nicely timed for protecting market level a little later in the day, and prior to tomorrow… price is currently drifting back down, but I doubt it will penetrate too greatly for the rest of the day, and so a potential end of day rout was abated.
I still see Cable back up in the 1.54 region over the next few weeks, especially if Gold and UC move lower. UJ may be at a significant support – currently – but I think we will see 86, maybe even 84 before too long. Sorry I haven’t submitted charts, but to do so in order to support this summation would flood the readers' eyes.
I also see that the S&P had an expected test of the 1000 region earlier, and made a quick retreat back north. The question here is; for how long?
I still feel that the S&P is heading lower, and if working off the monthly chart submitted, I would predict down to the ascending green 76.4 fan/standard green 50 fib/ standard yellow 76.4 fib over the next couple of months. Price has breach south of the descending yellow 50 fan, appears to have been stopped at the standard yellow 61.8 fib – conveniently located around the 1000 – but does not seem pleased to be trapped so.
I feel that Geppy is decoupled from Cable at present, and as capital heads East, we may see Geppy torn between a rising pound and falling UJ. However, I still think that the following statement can expect some respect:
http://www.forexfactory.com/showpost...postcount=5984
And I still hold out hope for this:
http://www.forexfactory.com/showpost...postcount=6237
…it’s uncanny… well, uncanny in the sense that it could be so easy for a retailer such as myself to be able to make the prediction. Pff, if only I had a million to punt.
Moving on: I see that Gold is expected to make a significant correction, and that there appears to be what seemed intervention on a UC bar around five hours ago. If ever I felt that manipulation was in play in order to reprieve, the last few hours have provided enough correlation for me. Of course, this was nicely timed for protecting market level a little later in the day, and prior to tomorrow… price is currently drifting back down, but I doubt it will penetrate too greatly for the rest of the day, and so a potential end of day rout was abated.
I still see Cable back up in the 1.54 region over the next few weeks, especially if Gold and UC move lower. UJ may be at a significant support – currently – but I think we will see 86, maybe even 84 before too long. Sorry I haven’t submitted charts, but to do so in order to support this summation would flood the readers' eyes.
I also see that the S&P had an expected test of the 1000 region earlier, and made a quick retreat back north. The question here is; for how long?
I still feel that the S&P is heading lower, and if working off the monthly chart submitted, I would predict down to the ascending green 76.4 fan/standard green 50 fib/ standard yellow 76.4 fib over the next couple of months. Price has breach south of the descending yellow 50 fan, appears to have been stopped at the standard yellow 61.8 fib – conveniently located around the 1000 – but does not seem pleased to be trapped so.
I feel that Geppy is decoupled from Cable at present, and as capital heads East, we may see Geppy torn between a rising pound and falling UJ. However, I still think that the following statement can expect some respect:
With the aforementioned, I suspect that the Dollar would like to see a weak Euro and Yen, and strong Pound. It is better for exports, keeps the East in their place, and allows the Dollar a place of central control over the markets – London, a place that they can control, as opposed to those pesky Continentals with their grand designs of financial autonomy.
And I still hold out hope for this:
http://www.forexfactory.com/showpost...postcount=6237
Author of: For Pip's Sake! (Available at Amazon... :-) )