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  • #221
  • Feb 14, 2011 7:48am Feb 14, 2011 7:48am
Guys check out the cadjpy

Price is playing with the 100sma
stoch has turned up
price near to a breakout

The ichimoku signals which I keep an eye on is bullish on the daily but price is far from the cloud. The weekly is bearish as pirce is below the cloud. Same for monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy-daily-14022011-1338uk.JPG Size: 78 KB
If you think you can or cannot do it you are correct
  • #222
  • Feb 14, 2011 12:26pm Feb 14, 2011 12:26pm
Quoting Olu
Half closed @0.9898 (+62pips)
Stop to b/e on the other half t/p set to 9800
2nd audcad half closed @9910 (+50pips)

eurgbp opened @8446 closed @8424 (+22pips)

Both trades showing strength in the opposite direction.

Looking to sell higher...
If you think you can or cannot do it you are correct
  • #223
  • Feb 14, 2011 2:44pm Feb 14, 2011 2:44pm
Olu,

I went short on:
[email protected] (currently +10)
[email protected] (went +70) but stopped out@BE
[email protected] (currently -10)
  • #224
  • Feb 14, 2011 5:53pm Feb 14, 2011 5:53pm
Quoting deepleo
Olu,

I went short on:
[email protected] (currently +10)
[email protected] (went +70) but stopped out@BE
[email protected] (currently -10)
Well done on those trades. I agree with the eurgbp. I so believe this trade has some serious potential. I am looking for a good entry to jump back in. if we close below 8388 then look out below

Shame on the eurusd. This is the problem with 9-5ers. We cant monitor the trade intraday. But our results outweight the disadvantage. We get the whole trend not bits here and bits there.

on the nzdusd trade we are at crossroads. Its either we find support between here and 7524. To support the case for finding support the stoch is starting to turn upwards to release some of the oversold nature. We are also around the 100sma - another good place to find support

Now to the bearish case
Fundamentally the kiwi economy is not as strong as once thought so a rerating of their currency is going on at the moment
Dollar strength is surfacing. bearish for nzdusd
over sold stoch can get more oversold. Price is king
If we break 7534 then we have a target of 72 area and the move could be swift.

Hang in there...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-daily-14022011-2340uk.jpg Size: 78 KB
If you think you can or cannot do it you are correct
  • #225
  • Feb 14, 2011 5:58pm Feb 14, 2011 5:58pm
what is the nzdusd spread on your platform I use alpari uk and it is 7pips. However it is 4 on the spreadbetting platform. What is it on your platform?
If you think you can or cannot do it you are correct
  • #226
  • Feb 14, 2011 6:46pm Feb 14, 2011 6:46pm
Quoting Olu
what is the nzdusd spread on your platform I use alpari uk and it is 7pips. However it is 4 on the spreadbetting platform. What is it on your platform?
Olu,

I use O.a.n.d.a and it's 2.5 - 3.0
BTW, thx for the EG analysis, I'm still short and TP levels are at the following support levels: 0.8372/0.8336/0.8310/0.8232
  • #227
  • Feb 14, 2011 7:06pm Feb 14, 2011 7:06pm
Quoting deepleo
Olu,

I use O.a.n.d.a and it's 2.5 - 3.0
BTW, thx for the EG analysis, I'm still short and TP levels are at the following support levels: 0.8372/0.8336/0.8310/0.8232
My analysis was for the nzdusd not eurgbp

the eurgbp is a good trade. I would like a higher entry though. If my analysis is right we should nor see 8525 for a while before we see 8300. I might be wrong though...
If you think you can or cannot do it you are correct
  • #228
  • Feb 14, 2011 7:12pm Feb 14, 2011 7:12pm
check out the chart of the usdchf

Price is overbought on the daily.
Stoch is overbought and crossed downwards
Last price action is an inside bar (harami)

This is likely to break downwards as it is grossly overbought.
A break of 9690 might be worth a few pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-daily-15022011-0055uk.jpg Size: 78 KB
If you think you can or cannot do it you are correct
  • #229
  • Feb 15, 2011 6:02am Feb 15, 2011 6:02am
Entered this morning:

Short eurgbp @8405

short audcad @9876
If you think you can or cannot do it you are correct
  • #230
  • Feb 15, 2011 6:56am Feb 15, 2011 6:56am
Quoting Olu
Entered this morning:

Short eurgbp @8405

short audcad @9876
Olu,

I stopped out on trailing stop [EURGBP -30]

Currently
NZDUSD Short [+40]
USDJPY Long [+20]
  • #231
  • Feb 15, 2011 7:03am Feb 15, 2011 7:03am
Quoting deepleo
Olu,

I stopped out on trailing stop [EURGBP -30]

Currently
NZDUSD Short [+40]
USDJPY Long [+20]
Glad to see the NZDUSD trade going well. The eurgbp movement was a fluke today. Ran all the way up and then right back down

We have broken 8388 now. How low can it go? My friend Golferis saying this baby might go all the way to 8100 area. So when your trade plan aligns with this pair go for it

My audcad initially went against me and almost stopped me out (stop was at 9940). But now it is behaving. Hope it continues to do so

I flagged the yen trade, maybe 10 posts ago but I am not in it. When it alligns with my plan I will jump in. This one might travel a lot...

Well done
If you think you can or cannot do it you are correct
  • #232
  • Feb 15, 2011 7:15am Feb 15, 2011 7:15am
Quoting Olu
Entered this morning:

Short eurgbp @8405

short audcad @9876
eurgbp stop moved to +10

Nothing done on the audcad

Olu
If you think you can or cannot do it you are correct
  • #233
  • Feb 15, 2011 7:23am Feb 15, 2011 7:23am
We have broken 8388 to the downside
Price is below 100sma
Stoch pointing down (nearing oversold levels...)

Can we see 8329?
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-daily-15022011-1320uk.JPG Size: 45 KB
If you think you can or cannot do it you are correct
  • #234
  • Feb 15, 2011 7:28am Feb 15, 2011 7:28am
Analysis similar to the eurgbp...
Attached Image
If you think you can or cannot do it you are correct
  • #235
  • Feb 15, 2011 8:37am Feb 15, 2011 8:37am
Quoting Olu

Nothing done on the audcad

Olu
Trade closed @.9875 (+1pip). Will look at this pair closely later

Only trade open is

Short eurgbp @8405 SL @ +10pips
If you think you can or cannot do it you are correct
  • #236
  • Feb 15, 2011 12:01pm Feb 15, 2011 12:01pm
Quoting Olu
We have broken 8388 now. How low can it go? My friend Golferis saying this baby might go all the way to 8100 area. So when your trade plan aligns with this pair go for it
Olu,

I missed my entry this morning exactly as [email protected]...
Now I'm short on [email protected] [0] and [email protected] [+5] along with NZDUSD short [+40] and USDJPY long [+20]
  • #237
  • Feb 15, 2011 4:31pm Feb 15, 2011 4:31pm
For all pinbar traders there is one on the daily audjpy

stoch has turned down as well...
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-daily-15022011-2230uk.jpg Size: 89 KB
If you think you can or cannot do it you are correct
  • #238
  • Edited Feb 16, 2011 1:56am Feb 15, 2011 6:38pm | Edited Feb 16, 2011 1:56am
sold @0.9663 with a tight stop

Price back down below the 100sma
stoch has turned
price action on the daily chart - inside bar, downside break and possible continuation of the downmove

As you know I am long term us$ bullish. However my system says sell...


Olu
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-daily-16022011-0026uk.jpg Size: 72 KB
If you think you can or cannot do it you are correct
  • #239
  • Feb 15, 2011 7:35pm Feb 15, 2011 7:35pm
Quoting Olu
sold @0.9663 with a tight stop

Price back down below the 100sma
stoch has turned
price action on the daily chart - inside bar, downside break and possible continuation of the downmove

As you know I am long term us$ bullish. However my system says sell...


Olu
Olu,

I have a pending [email protected]
  • #240
  • Feb 15, 2011 11:37pm Feb 15, 2011 11:37pm
Olu, your last chart was usdchf, not eurchf, right?

Below is my modest view on EURCHF, you can see on the daily chart that this pair has been in a descending channel since last year.
The 4H chart shows a confimation of ascending TL breakout, RSI si bearish and still has room before oversold level, I'm short from 1.3055, SL: 1.3135, TP1: 1.3000 and TP2: 1.2780.
Let me know your thoughts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHF - 2011-16-02.jpg Size: 106 KB
Click to Enlarge Name: EURCHF - D - 2011-16-02.jpg Size: 102 KB
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