Gold Expedition Return This Year:
-15.9%
- #11,243
- Feb 2, 2011 12:40pm Feb 2, 2011 12:40pm
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
- #11,245
- Feb 2, 2011 1:18pm Feb 2, 2011 1:18pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
Without VSA, you're playing checkers while the Smart Money plays chess.
- #11,248
- Feb 2, 2011 1:48pm Feb 2, 2011 1:48pm
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
- #11,250
- Feb 2, 2011 2:31pm Feb 2, 2011 2:31pm
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
Kiwi falls ahead of employment data
Stuff The New Zealand dollar fell ahead of today’s employment data, amid speculation the jobless rate crept up in the December quarter, while American private payrolls gained for a second month.
- #11,251
- Feb 2, 2011 2:51pm Feb 2, 2011 2:51pm
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
- #11,252
- Edited 3:22pm Feb 2, 2011 3:19pm | Edited 3:22pm
- | Joined May 2010 | Status: Day by Day | 1,004 Posts
Change is the only constant
- #11,253
- Feb 2, 2011 3:46pm Feb 2, 2011 3:46pm
- Joined Feb 2009 | Status: Trader | 2,293 Posts
hi mate...
why do you think so ?
Of course there is allways danger for UpThrust.
We will see.
- #11,254
- Feb 2, 2011 3:57pm Feb 2, 2011 3:57pm
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
- #11,255
- Feb 2, 2011 6:24pm Feb 2, 2011 6:24pm
- | Joined Nov 2007 | Status: Trader | 1,157 Posts
GU-Daily
Looks like we are not going any higher.
GU Daily has a high of 1.6298 on 4-Nov-2010.
Now GU is around 1.6195.
It may easily test the 4-Nov high for just 100pips more to go.
Just comparing the H1 price and volume for 2-Feb and 4-Nov, no recent UpThrust on 2-Feb.
4-Nov/5-Nov has a Buyers Climax and then an UpThrust on the H1.
Fib Retracement from swing 29-Dec low to 18-Jan high, showed a 38% down retracement to 25-Jan low, so this current Upleg may still have one more shot.
Look at 11-Nov Daily price is a small up bar doji is a NoDemand, with very low volume, then 2 days later, price really drop.
Have not seen similar bars or vol for Feb.
Of course you may still be able to pull out a 50pips for a short of GU with your trading.
- #11,256
- Feb 2, 2011 6:24pm Feb 2, 2011 6:24pm
- Joined Aug 2007 | Status: Newbie | 1,332 Posts
You do realise this is a VSA thread?
Gold Expedition Return This Year:
-15.9%
- #11,257
- Feb 2, 2011 8:34pm Feb 2, 2011 8:34pm
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #11,258
- Edited Feb 3, 2011 12:43am Feb 2, 2011 9:45pm | Edited Feb 3, 2011 12:43am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
just two absolute simple observations pre nfp
eur clearly testing previous resistance after breakout & the dollar index having a very weak upday in a downtrend. to confirm further upside we should close clearly above 3830 today.
will be interesting if trichet has seen the testing and triggers another rally
http://img200.imageshack.us/img200/3...0203063935.png
http://img204.imageshack.us/img204/9...0203063854.png
eur clearly testing previous resistance after breakout & the dollar index having a very weak upday in a downtrend. to confirm further upside we should close clearly above 3830 today.
will be interesting if trichet has seen the testing and triggers another rally
http://img200.imageshack.us/img200/3...0203063935.png
http://img204.imageshack.us/img204/9...0203063854.png
- #11,259
- Feb 2, 2011 11:56pm Feb 2, 2011 11:56pm
just two absolute simple observations pre nfp
eur clearly testing previous resistance after breakout & the dollar index having avery week upday in a downtrend. to confirm further upside we should close clearly above 3830 today.
will be interesting if trichet has seen the testing and triggers another rally
http://img200.imageshack.us/img200/3...0203063935.png
http://img204.imageshack.us/img204/9...0203063854.png
