GU, GJ and EU Analysis Thread

...liked your triangle on the Cable thread. I am short Cable and Geppy - the latter of which just fell short of my target about 15 minutes ago. Pff...

http://www.forexfactory.com/showpost...stcount=252748

Hey Sinner, I am sorry I have been "off the air" and only just read your post. You know you have my best wishes. I wish you all strength.

yeah, was going to post it here but didn't have time before training...

we are still inside and maybe news will move us?

The market...

Progress on the wall...

Taking two minutes to grab a drink and check in...

Hope all are okay.

Pawpaw1000 - where is your next match?

... this 'action' is helping me learn one of my most valuable & difficult lessons... patience!!
I can't even find a decent scalp setup on the 1 min .. if flat-lining is precedent to a major move, the next one could be a doozy.

On Aug 27 there was similar action after which she faked down, then up, then dropped 350 pips... so I am speculating the first move will not be the definitive one. Just hope to catch the 'real' one in time.

LOL - didnt the NY Open shake out right on the hour tempt your fancy? It bounced up off MS1 for 20 some pips.....http://cdn.forexfactory.com/images/icons/icon12.gif

Always ready to bit you, is this market. Cable and Geppy trades stopped out for +1 each... pff, not too inspiring, one can tell you.

Right, end of coffee break, back to the rendering.

Goldman's comments... hmm, playing the market, perchance?

Finally we have a daily close above 5471 after yesterdays rally. Range has been broken and 5471 has been retested and held as support this morning. London seems comfortable with buying for now so will be interesting to see if we can close higher today. Next target will be yesterdays high at 5587 also the 4hrly 200ma

Stocky

Sir,

You present an assertion that assumption from debate within a ‘congressional jury’ is reason enough to enact policy. You further this position by statement of how this has served the public in the past, and that you cannot see any reason why it will not continue to do so in the future. I find this position risible, if not insulting, for its lack of qualification and expansion.

How can an aspirant electorate engage in such a debate when your process of appointment proscribes a general public the access of unfettered participation? It is well understood that you contract the recruitment of participants to a union on the state payroll, and to whom no public access of scrutiny or enquiry is granted, as it is a private commune protected by specific state legislature; legislature that bars any form of meaningful external scrutiny, stating such that this would undermine the independent stature of the debate. Brilliant, I must say. Sir, your actual position is somewhat antitheist to your own proclamation of a democratic ‘congressional jury’.

As you are well aware of by now, I am not a political activist in physical proximity – there is more to life than placing myself in a position whereby I would have to endure lickspittle halfwits. However, in concious discipline, I remain. As such, I am, at least for the moment - I see the gradual move to rape me of these rights - entitled to present debate, verbal lance, and if the mood takes me, private villification of yourself, your cohorts and the combined rhetoric and dissimulation that you all proffer.

Betrand Russell referred to the acceptance of the inductive principle and of how the general principles of science are accepted as presented owing to the many cases of truth, and no instances of falsehood. However, these cases of truth do not provide evidence of their truth in the future. Popper would have adopted his falisificationism approach and presented an observationlist-inductivist approach; ergo, it is acceptable to believe something that is presented, as there are many cases of it occurring, but this is no reason to accept that it will happen in the future. So, by extension to your argument, sir, it is a dangerous riposte to claim that assumption is adequate enough for decision. I would add that you sample base is rather limited.

The philosophical debate that the aforemention alluded to, should you not understand, was that just because something was done a certain way because that is how it has always worked, it does not mean to say that a different approach would not work better; the different approach falsifying the truth of the previous approach, and therefore rendering it inadequate. But, of course, you know this, and will avoid this democratic application of progress for the electorate as it will falsify your legitimacy.

I present you with an onomatopoeia: pfsht – the sound of a firework that does not explode. It is my appreciation of how your tenure will be recalled.

You, sir, deserve your public sobriquet.

Yeah, it’s raining, the rendering of the wall has to wait, and so I’m a little pumped as I listen to Nine Inch Nails at noisy level - - and read of your address to the TUC, and the BOE governor’s address in Manchester.

Hi all… sorry for the invective – I can’t sing, so write to express frustration.

Anyway, sun beginning to break through… must calm down with a glass of something around the 2009 Burgundy vintage. A bit of Chomsky to boot, and this old boy will relapse into a state of passivity.

Price reaching an interesting point - descending magenta TL and 38.2 FE.

Guppy profiles on the 4hr and daily suggest up. Weekly not there yet.

Would like to see price push up, come back to kiss the 38.2 FE, and then maybe we can see a move back up to the 50 FE level... perhaps even in the first instance.

UJ and EJ are rallying fast down to the BOJ intervention in FX. This intervention by the BOJ is to stop the yen getting any stronger making it easier on the exports sector..... Although this upmove is strong Im reluctant to think it is sustainable unless there are talks of rate hike in the US...which is unlikely anytime soon.

In the meantime trade what is one our charts. If the central bank is intervening they must have a price target in mind...It would make sense for BOJ to get UJ above 87.0 which are 2008/ 2009 lows and EJ above 114.14/113.15 level which we struggled to break between Jun to Aug '10.

Stocky

Price conveniently kissed a daily 50 SMA on a 4hr chart that I run. Looks very much like the first target in this intervention. However, one never knows what is going on, and so steering very clear of Yen instruments for a while as I was not in at the beginning.

...W-R3 level. As I edit, looks like it is attacking it once more.

Aussie Dollar traded upto 9380/9406 high since Oct '09. Resistance has held on the daily and the hourly is showing LL's and LH's forming. Given we have broken the hourly TL indicating a downmove maybe on the cards a short around the current area with a stop above 9400 dont seem to bad. Waiting for todays close and maybe even the weekly close may be a good idea if you are cautious. Should this area hold I have previous swing high as 1st target 9190....and 0.9 area or daily channel support as target 2.

Stocky

Single prints between 5592 and 5621 have been filled...given todays profile length is 190pips we may have completed the bulk of todays movement given the prints have been filled going into London close. It is probable we trade down to 5540 area or todays POC and then continue filling the upper distribution on the profile. We look set for a higher close today which is a positive sign we have broken out of the ranging price action

Stocky

Interesting touch of the standard green 88.6 fib.

what a beautiful set up this was....

I hope people are not too greedy.

Hoping that this is the beginning of a trend direction north.

Okay, took the long. Filled at 1.55866.

First position reduced size, SL set according to MM rules.

Let's see how this matures.

Right, back to rendering the wall. Hope all have a good one.

Afternoon figures out of the way...should allow price to continue now on its way....Days range has given plenty of scalps if you stuck to buying the pivot....resistance at 5625...which we are approaching as I type. I expect us to test the Asia high now at 5648 if we can break this range...alternatively we try and break below the pivot and test the day low at 5540. There is a big line of single prints left over from this mornings spike down below 5577 down to 5540

Stocky