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Price Behaviour Trading - Gossip and Banters

  • #141
  • Aug 24, 2010 5:44am Aug 24, 2010 5:44am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting ams
Like your analysis mate, you are vouched

Indeed, very right it'll fly and will take everything against itself down with it. However, I am expecting some retrace before it does that. If it doesn't do any retrace, I would be skeptical of long term trend change. I am expecting 8450 but not so soon.

Anyways, we trade what we see , so if this level gives up, as you correctly mentioned we should be a buyer of dollar.


ta
ams
Thanks for the vouch
If the neckline broke i m expecting Target in the chart below for long term... because
1. will become bearish Gartley
2. Length of head to neckline is equal to neckline to TP.

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: usdx1.gif Size: 19 KB
  • #142
  • Aug 24, 2010 7:11am Aug 24, 2010 7:11am
Hi Ams
Getting better, hope to be back next week, thanks for the blog message.

Good analysis Samir!
2yr Greek debt is nudging 11% ... I am bullish dollar too for now.
  • #143
  • Aug 24, 2010 7:22am Aug 24, 2010 7:22am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts


Good to see you Nic!!

Yup, DX is only going UP without a damn retrace. My only concern is OIL price. It becomes tricky when it's near 80 and 70 so let's see but for sure it seems sell rallies.

ta
ams



Quoting elitejets
Hi Ams
Getting better, hope to be back next week, thanks for the blog message.

Good analysis Samir!
2yr Greek debt is nudging 11% ... I am bullish dollar too for now.
  • #144
  • Aug 24, 2010 7:56am Aug 24, 2010 7:56am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting elitejets
Hi Ams
Getting better, hope to be back next week, thanks for the blog message.

Good analysis Samir!
2yr Greek debt is nudging 11% ... I am bullish dollar too for now.

Thanks for the v bro
Wish you Good luck in your trades

Regards
  • #145
  • Aug 24, 2010 10:07am Aug 24, 2010 10:07am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
See Samir,

What happened just now to dollar was what I was refering too...

This ensures the move is genuine. All we have to do is wait until the GDP data this week. We will be range bound till then...data is bad everytime signalling double dip unless another round of fiscal is provided, and whosoever has sold dollar will be the buyer big time if this doesn't happen. However, if QE happens, dollar is doomed for a while.


ta
ams



Quoting ams
Like your analysis mate, you are vouched

Indeed, very right it'll fly and will take everything against itself down with it. However, I am expecting some retrace before it does that. If it doesn't do any retrace, I would be skeptical of long term trend change. I am expecting 8450 but not so soon.

Anyways, we trade what we see , so if this level gives up, as you correctly mentioned we should be a buyer of dollar.


ta
ams
  • #146
  • Aug 24, 2010 10:45am Aug 24, 2010 10:45am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting ams
See Samir,

What happened just now to dollar was what I was refering too...

This ensures the move is genuine. All we have to do is wait until the GDP data this week. We will be range bound till then...data is bad everytime signalling double dip unless another round of fiscal is provided, and whosoever has sold dollar will be the buyer big time if this doesn't happen. However, if QE happens, dollar is doomed for a while.

ta
ams
Good day ams,
yes i do agree.. This is the normal move as expected and doesnot affect the chart nor trendline, Price just kiss the neckline and bounced. As long as the price doesnot go below the right shoulder the pattern valid..
i think its not that easy to cleanly break the neckline.. its takes time and that too its in daily.. so we have to give time to develop.

Good luck on your cable short but i reckon it will go some more upside.

Regards
  • #147
  • Aug 24, 2010 11:16pm Aug 24, 2010 11:16pm
Good day to you, AMS

Need your opinion here.

The daily chart on EUR/AUD is preparing for a substantial move. This will start over the next couple of days. Maybe today, maybe next week. With this, other pairs will move with it - this may provide beautiful longer term positions.

Direction yet unknown. I do however think we have unfinishes business @ 1.4520.

Where do you think we go from here?

Regards
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  • #148
  • Aug 25, 2010 12:34am Aug 25, 2010 12:34am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi TT,

I have been watching this pair from a while myself, hoping that it would touch 1.40 for me to get in but it's consilidating forever

It can't down and seems gearing for an up move.

Until result from Aus election comes out I do not know for sure, it'll give us some direction. Tbh, it moves very very fast in either direction so I'd be careful and trade only what I see. if it breaks 435xx, rather 44xx it'd be tempted to put a buy with SL @ 434xx below these levels is a sell for me.



ta
ams



Quoting TauTrader
Good day to you, AMS

Need your opinion here.

The daily chart on EUR/AUD is preparing for a substantial move. This will start over the next couple of days. Maybe today, maybe next week. With this, other pairs will move with it - this may provide beautiful longer term positions.

Direction yet unknown. I do however think we have unfinishes business @ 1.4520.

Where do you think we go from here?

Regards
  • #149
  • Aug 25, 2010 5:28am Aug 25, 2010 5:28am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day ams,
i think your cable short going to be safe..

Good luck
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  • #150
  • Aug 25, 2010 8:54am Aug 25, 2010 8:54am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
thanx Samir, I was out last night @ 54 when price moved back up after S&P downgraded Ireland. That was bullish enough for me...


ta
ams




Quoting samirb
Good day ams,
i think your cable short going to be safe..

Good luck
  • #151
  • Aug 25, 2010 11:05am Aug 25, 2010 11:05am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
See TT, it stopped right dead on 144 as expected, I "might" place a sell tommorow on reversal if price tries to go UP again and reverse back below 144.


ta
ams


Quoting ams
Hi TT,

I have been watching this pair from a while myself, hoping that it would touch 1.40 for me to get in but it's consilidating forever

It can't down and seems gearing for an up move.

Until result from Aus election comes out I do not know for sure, it'll give us some direction. Tbh, it moves very very fast in either direction so I'd be careful and trade only what I see. if it breaks 435xx, rather 44xx it'd be tempted to put a buy with SL @ 434xx below these levels is a sell for me.



ta
ams
Attached Image (click to enlarge)
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  • #152
  • Sep 14, 2010 8:34am Sep 14, 2010 8:34am
Quoting ams
See TT, it stopped right dead on 144 as expected, I "might" place a sell tommorow on reversal if price tries to go UP again and reverse back below 144.


ta
ams
Good day to you,

My sincere apology for not responding to your post above... I did not come back to check further discussion. Well - you were spot on - for what it's worth..

Now can we get back to 1.4520?

Sorry again, AMS

Regards
  • #153
  • Sep 14, 2010 8:46am Sep 14, 2010 8:46am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
No worries matey...

What was supp now becomes resistance...only looking to sell this crap around 39300 level...aussie and kiwi are very very strong..makes sense, they are the only currency paying interest and big boys like to park their money where they can get something instead of nothing...

ta
ams



Quoting TauTrader
Good day to you,

My sincere apology for not responding to your post above... I did not come back to check further discussion. Well - you were spot on - for what it's worth..

Now can we get back to 1.4520?

Sorry again, AMS

Regards
  • #154
  • Sep 14, 2010 8:51am Sep 14, 2010 8:51am
Quoting ams
No worries matey...

What was supp now becomes resistance...only looking to sell this crap around 39300 level...aussie and kiwi are very very strong..makes sense, they are the only currency paying interest and big boys like to park their money where they can get something instead of nothing...

ta
ams
Good day,

Do not throw away our ZAR - bank interest rates are quite high in comparison and our banking system quite conservative. Influx of offshore investments has kept our currency "strong" for quite some time now. Gold price also helping... not good for local manufacturing though.... Import goods cheap.

Speak soon!

Regards
  • #155
  • Sep 15, 2010 6:57am Sep 15, 2010 6:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yup, heard that it broke 3 yr high yesterday....
Do you trade it...I am sure spread will be high but so is the reward

Lucky, trades were closed before BOJ interv...did they called you :-)


ta
ams




Quoting TauTrader
Good day,

Do not throw away our ZAR - bank interest rates are quite high in comparison and our banking system quite conservative. Influx of offshore investments has kept our currency "strong" for quite some time now. Gold price also helping... not good for local manufacturing though.... Import goods cheap.

Speak soon!

Regards
  • #156
  • Last Post: Sep 17, 2010 4:34am Sep 17, 2010 4:34am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day to you..
this is what i see in my chart... cable upward trend resumes
Good luck

regards
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