Nearly Naked (Simple Trades)

U/C is in an intereresting position now. Any opinions?

I was thinking about a long, but hadn't looked at the weekly.

Bearish outside bar......not sure I want to buy into that.

Not even with that H4 pin bar?

IMO the best way is to short at 1.0400 because it was a major support line Gogo Spain

EMA's are bunching up again so it's looking more like a consolidation pattern with 1 more shot to the upside. I will be shorting the next HH heavily.

I will be watching for SP500 to hit 1088-90 this week to short more AUd/JPY. Currently only 1 lot short, but plan on scaling in at least 10 lots on this short trade.

Short 1 @ 77.900

GU

EU

Be right back, have to run somewhere.

HI Saxon,
Last weekI made a prediction that based on Astrological charts and the eclipse that happened today, markets will take a sharp fall before starting a bull run similar to the run from feb 2010 to May. I have accumulated all shorts in DJ (average 10162), ASX200 (average 4381), AUD 87.62, EU 1.2700, GBP 1.5210. I slept through NY session again and couldnt close any positions and left them over the weekend.

I have studied effects of eclipses going back to 1942, and almost all of them have had a reasonable effect to the downside on the stock markets. Taking averages and positions of this eclipse, I would say a drop of 7% in DJ is quite likely but again nothing is 100% in this market. One can have all the right tools, charts, and fundies poiting to one direction and market follows in another. I have taken this as another tool.

Given the possibilities, I suggest if anybody is going Long on any currency against USD, please keep these factors in mind and dont forget tight SL. I am still adding shorts on any rise, once I have all my quota filled, I am going to shut the computer off for a while and come back to it by Friday.

Happy and safe trading all.

That analysis goes with my SP500 charts from my previous post - now is the time to short with 1000+ pips in mind

A/U... still stuck in that consolidating triangle...

Ya, seeing something similar

Nice analysis, always love a different perspective
Hopefully you are back sooner than Friday though so we can shoot ideas back and forth

Last week I made my broker like a billion () dollars on all the spreads on me overtrading my pool
Going to make it simple this week and only book a few off the H4 and Daily charts. Will still take those SR and Pivs with you though Marc, just smaller positions. Last week was my first down week (in the red), but the month is still in the green. I kept trying to pick a top on EU Lesson learned.....Shame Shame

Hey Marc,
If Eu can break Piv and head south, will probably invalidate the triangle and send AU with it. That is my opinion

It's already below the Daily and Weekly Piv's on my chart. Yours??

It's in and out of weekly, the blue dotted on my chart

Now AU looks to be breaking that triangle (south)

Chart