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  • #281
  • Feb 17, 2011 1:43pm Feb 17, 2011 1:43pm
my strategy says no short until break of the blue median line (@yellow) and good close below it
...........but that's just my style

Quoting Olu
opinions anyone?
.
Attached Image (click to enlarge)
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  • #282
  • Feb 17, 2011 1:47pm Feb 17, 2011 1:47pm
Quoting deepleo
I got stopped out@BE on EURCHF from +70...
still in USDCHF short[+40]
I am also out of the eurchf for +63pips

I am looking for a retracement to enter to hold until 2400 area.

I have not been able to hold a trade now for more than 1-2 days. Though profitable (thank God) I am still learning to position trade and want to get better in that area.

I also think my being able to look in lunchtime at work also didn't help.

But all in all I am glad my analysis is getting better...

Thanks to all who have been posting (or just reading...) Keep on posting please

Olu
If you think you can or cannot do it you are correct
  • #283
  • Feb 17, 2011 1:48pm Feb 17, 2011 1:48pm
ECh240 update


Quoting PeterE
i have a target of 1.2900ish, from here
price may come back first though.
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Attached Image (click to enlarge)
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  • #284
  • Feb 17, 2011 1:52pm Feb 17, 2011 1:52pm
UCh240

will consider a short

Quoting PeterE
Olu, UCh240
good close (@1600GMT) below that red line = short signal for me 0.9530ish
TP 0.9400ish

but dont quote me .
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Attached Image (click to enlarge)
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  • #285
  • Feb 17, 2011 2:15pm Feb 17, 2011 2:15pm
This a better chart of the one I uploaded earlier obtained from FXPath that did not enlarge.

We are just at the beginning of the breakdown from the downtrend line. As said earlier if this plays out we could get to 1.2480 area

Stoch (I added this indicator) has turned downwards and still has room to go without getting oversold...
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-daily-17022011-2009uk.jpg Size: 107 KB
If you think you can or cannot do it you are correct
  • #286
  • Feb 17, 2011 2:19pm Feb 17, 2011 2:19pm
+135 so far and going to sleep, hope to have a nice surprise tommorow morning.
  • #287
  • Feb 17, 2011 2:31pm Feb 17, 2011 2:31pm
Yes I know this pair is thinly traded. I made a bit from this pair in january. I am starting to understand this pair too. its pip value is $1.82. ATR(14) is 500-700 pips. For every eurusd pip move this pair moves approx 7pips. It also trends well. very well correlated to the dollar index. Enough said it is a pet pair of mine

Close to trendline break
stoch turned down
price below the 100sma
Attached Image (click to enlarge)
Click to Enlarge Name: usddkk-daily-17022011-2019uk.jpg Size: 77 KB
If you think you can or cannot do it you are correct
  • #288
  • Feb 17, 2011 4:04pm Feb 17, 2011 4:04pm
I have been keeping an eye on AUDUSD and have previously thought the dailies were showing somewhat bearish based on 3 peaks with bearish divergence on MACD. Obviously AUD is strong again today but wonder if it will simply retest highs and then suffer a significant correction.

However I notice although flat topped it does have higher lows and so forming a wedge pattern (?) that perhaps signifies a potential breakout North?

Interested to get your views as you guys seem to provide some good analysis. I also work 9-5 although am my own boss so can trade a bit during the day...

Thanks,

Doug
Attached Image (click to enlarge)
Click to Enlarge Name: 2011.02.17 AUDUSD Bearish Divergence.jpg Size: 110 KB
  • #289
  • Edited 6:02pm Feb 17, 2011 6:00pm | Edited 6:02pm
Quoting quintodc
I have been keeping an eye on AUDUSD and have previously thought the dailies were showing somewhat bearish based on 3 peaks with bearish divergence on MACD. Obviously AUD is strong again today but wonder if it will simply retest highs and then suffer a significant correction.

However I notice although flat topped it does have higher lows and so forming a wedge pattern (?) that perhaps signifies a potential breakout North?

Interested to get your views as you guys seem to provide some good analysis. I also work 9-5 although am my own boss so can...
Thanks for visiting and contributing to the thread.

I for one feel there is a force determined to taking the aud to new high. Chartwise price is coiling for a breakout to the upside

Price is above the 100sma
stoch has turned up and has more room to go
immediate trendline guiding price up
stoch market is going up
Gold is up
There is generasl us$ weakness at the moment

Yes there is divergence. But divergence does not mean an immediate turn in price direction. I would not normally buy right here as there is stiff resistance at the top. My system would have put me in long at the red line on the chart.
Attached Image
If you think you can or cannot do it you are correct
  • #290
  • Feb 17, 2011 6:47pm Feb 17, 2011 6:47pm
I'm long biased on AUDUSD now cos of the following:

Price closed above Weekly pivot [1.0057 area] and monthly pivot [1.0030 area]
May put a pending long if the price closes above weekly resistance around 1.0150 with [email protected],1.0280,1.0380
  • #291
  • Feb 17, 2011 6:51pm Feb 17, 2011 6:51pm
Quoting deepleo
I'm long biased on AUDUSD now cos of the following:

Price closed above Weekly pivot [1.0057 area] and monthly pivot [1.0030 area]
May put a pending long around 1.0155 with [email protected],1.0280,1.0380
I agree the aud is bullish as I discussed above. But I dont feel like chasing it here. Hope the trade goes well. Check out the nzd strength as well. I am looking at euraud short.
To keep the discussion separate so that I can find it later I will put it on a new entry
If you think you can or cannot do it you are correct
  • #292
  • Feb 17, 2011 6:55pm Feb 17, 2011 6:55pm
Quoting Olu
I agree the aud is bullish as I discussed above. But I dont feel like chasing it here. Hope the trade goes well. Check out the nzd strength as well. I am looking at euraud short.
To keep the discussion separate so that I can find it later I will put it on a new entry
Olu,

NZDUSD is still below weekly pivot and near the monthly support, so for those reasons I'm neutral on that
  • #293
  • Feb 17, 2011 7:00pm Feb 17, 2011 7:00pm
Find uploaded a daily chart of the euraud.

Price in a strong downtrend
Price is under the 100sma -bearish
daily Stoch has turned down -bearish
weekly stoch has turned down - double bearish
Price has broken below support line - bearish

Selling this pair is attesting to the premise that the aussie will outperform the euro as we go on...
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-daily-18022011-0040uk.jpg Size: 102 KB
If you think you can or cannot do it you are correct
  • #294
  • Feb 17, 2011 7:04pm Feb 17, 2011 7:04pm
Olu,

I have a pending [email protected] and hopefully I will be in a long ride this time
  • #295
  • Feb 17, 2011 7:08pm Feb 17, 2011 7:08pm
Quoting Olu
Find uploaded a daily chart of the euraud.

Price in a strong downtrend
Price is under the 100sma -bearish
daily Stoch has turned down -bearish
weekly stoch has turned down - double bearish
Price has broken below support line - bearish

Selling this pair is attesting to the premise that the aussie will outperform the euro as we go on...
Olu,

Agree 100% with u on the EURAUD with pivots perspective also...I don't trade this pair but good luck!
  • #296
  • Feb 17, 2011 7:17pm Feb 17, 2011 7:17pm
Quoting deepleo
Olu,

I have a pending [email protected] and hopefully I will be in a long ride this time
Funny Deepleo I was looking for around 1.3000 to short big and hang on for dear life. I just wanted the stoch to unwind a bit.

I have noticed that part of your method/system is to sell after price blows past the previous lows. This strategy will get you in the market if it wants to go down. You are sure of an entry.

I am a bit scatty. I tend to do your method on the very next day after I think the market has showed its hand. This has resulted in me loosing a few good trades as the market sometimes never retraces after 3-4 days downmove. My order will be waiting unfilled but you are in. You will need a bigger stop though.

Loads of pips to all of us

Olu
If you think you can or cannot do it you are correct
  • #297
  • Feb 17, 2011 7:25pm Feb 17, 2011 7:25pm
i do not mind this buy

.
Attached Image (click to enlarge)
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  • #298
  • Feb 17, 2011 7:31pm Feb 17, 2011 7:31pm
Quoting PeterE
i do not mind this buy

.
When you step in you make it as clear as day.
Thanks everyone for keeping this discussion going
If you think you can or cannot do it you are correct
  • #299
  • Feb 17, 2011 7:40pm Feb 17, 2011 7:40pm
your charts have no legends so I am finding it difficult to estimate price.

I have uploaded a 4h chart. Stoch is getting overbought and may be getting ready to turn. However overbought can continue to get more overbought.
Retracement to 1.0080 area? Then north?
Attached Image
If you think you can or cannot do it you are correct
  • #300
  • Feb 17, 2011 7:41pm Feb 17, 2011 7:41pm
thankyou,
really, just a learner though
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