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  • #301
  • Feb 17, 2011 7:43pm Feb 17, 2011 7:43pm
Olu, entry is at 1.0103ish, SL 1.0073ish, TP 1.0183ish

i say 'ish', because it can be dynamic, as you know

------------------------

yes, you might be right re a move down for AU,

but i tend to just use the median lines and market structure upon which to base trades,
which to my way of analysis at present say the balance of probabilities are up
stochs etc are not a factor for me, mostly they confuse me


Quoting Olu
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?
  • #302
  • Feb 17, 2011 7:43pm Feb 17, 2011 7:43pm
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...
Opened a small short position in this pair @1.3450
If you think you can or cannot do it you are correct
  • #303
  • Feb 17, 2011 7:46pm Feb 17, 2011 7:46pm
It is bed time or I will be useless at work tomorrow. I will be back in 51/2 hours or so to see and respond to what has been posted. Thanks for all you posts.

G'night
If you think you can or cannot do it you are correct
  • #304
  • Feb 17, 2011 7:48pm Feb 17, 2011 7:48pm
Quoting PeterE
Olu, entry is at 1.0103ish, SL 1.0073ish, TP 1.0183ish

i say 'ish', because it can be dynamic, as you know
Entry after a retracement. I get it. Thanks

Olu
If you think you can or cannot do it you are correct
  • #305
  • Feb 17, 2011 7:53pm Feb 17, 2011 7:53pm
it's a bit of a bull flag on 60m isnt it!


Quoting PeterE
i do not mind this buy
.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-18_1152.png Size: 44 KB
  • #306
  • Feb 18, 2011 1:38am Feb 18, 2011 1:38am
Quoting PeterE
it's a bit of a bull flag on 60m isnt it!

.
It is a bull flag. Came back this morning to see the market trying to break out to the upside. It is almost imminent

Olu
If you think you can or cannot do it you are correct
  • #307
  • Feb 18, 2011 1:45am Feb 18, 2011 1:45am
From the get go let me say I am sooooooo bearish on this pair. I think there mught be a position trade short here. Optimum entry is essential for this to happen.


daily, weekly and monthly stoch (8,3,3) down on all timeframes
price below the 100sma
indecision in price for the last 3 days
Price in a channel down and has found it difficult to get to the top boundaries of the channel

I think this is a screaming sell.
Attached Image
If you think you can or cannot do it you are correct
  • #308
  • Feb 18, 2011 4:02am Feb 18, 2011 4:02am
Olu, did you short?

Quoting PeterE
my strategy says no short until break of the blue median line (@yellow) and good close below it
...........but that's just my style.
.
Attached Image (click to enlarge)
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  • #309
  • Feb 18, 2011 5:33am Feb 18, 2011 5:33am
Quoting PeterE
Olu, did you short?

.
Which pair is this and what timeframe?

I have only 2 positions open

Short euraud @1.3450
Short eurcad @1.3358
If you think you can or cannot do it you are correct
  • #310
  • Feb 18, 2011 7:08am Feb 18, 2011 7:08am
Quoting Olu
Which pair is this and what timeframe?

I have only 2 positions open

Short euraud @1.3450
Short eurcad @1.3358

eurcad closed for -50pips
euraud closed for +15pips
If you think you can or cannot do it you are correct
  • #311
  • Feb 18, 2011 7:20am Feb 18, 2011 7:20am
We have a breakout to the upside on this pair. I so got my short trade wrong
If you think you can or cannot do it you are correct
  • #312
  • Feb 18, 2011 7:29am Feb 18, 2011 7:29am
Quoting Olu
We have a breakout to the upside on this pair. I so got my short trade wrong



I am sure you will get another chance.




good hunting.
Attached Image (click to enlarge)
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  • #313
  • Feb 18, 2011 7:48am Feb 18, 2011 7:48am
Nice to see (read!) from you on the thread. Thanks for the comment. We have pushed back into the cloud on the weekly. This might be worth a sell again if we emerge downwards from the cloud.
If you think you can or cannot do it you are correct
  • #314
  • Feb 18, 2011 8:05am Feb 18, 2011 8:05am
We have had a massive fall in this pair which has rebounded. I am still bearish this pair as long as we dont blow past 8450. The rebound has stopped around 8400 - the last major break down point. Is it going to resume the downtrend?
Attached Image
If you think you can or cannot do it you are correct
  • #315
  • Feb 18, 2011 9:40am Feb 18, 2011 9:40am
No time to post chart. Check out the hourly

Olu
If you think you can or cannot do it you are correct
  • #316
  • Feb 18, 2011 1:09pm Feb 18, 2011 1:09pm
wouldnt surprise me to see EG hook back up over that blue ML, then proceed higher next week
...............speculation only, i want to see the hook first

.
Attached Image (click to enlarge)
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  • #317
  • Feb 18, 2011 3:03pm Feb 18, 2011 3:03pm
I was lamenting not getting some of the downmove today only to see it rally hard right back to where it started. We have put in a hammer/reversal candle. So it will not be strange to see some upmove on monday
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-daily-18022011-2100uk.jpg Size: 108 KB
If you think you can or cannot do it you are correct
  • #318
  • Edited 3:10pm Feb 18, 2011 3:08pm | Edited 3:10pm
I ended up this week taking some pips home. Thank God. I know that others on this thread throughout the week got pips too. We live to do it all over next week.

Heliosdz, PeterE, GolferFx, Deepleo thanks to you all for making it a worthwile thread this week. Lets do it all over again next week

Olu
If you think you can or cannot do it you are correct
  • #319
  • Feb 18, 2011 3:14pm Feb 18, 2011 3:14pm
I go into the weekend holding a small position

Short usdjpy @83.08
If you think you can or cannot do it you are correct
  • #320
  • Feb 18, 2011 3:40pm Feb 18, 2011 3:40pm
Quoting Olu
I ended up this week taking some pips home. Thank God. I know that others on this thread throughout the week got pips too. We live to do it all over next week.

Heliosdz, PeterE, GolferFx, Deepleo thanks to you all for making it a worthwile thread this week. Lets do it all over again next week

Olu
Olu, good to know you made some positive pips.
I lost this week and will see what next week brings in.
Have a good weekend all.
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