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  • #321
  • Feb 18, 2011 4:02pm Feb 18, 2011 4:02pm
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



Good weekend 9/5'rs
Attached Image
  • #322
  • Feb 18, 2011 4:30pm Feb 18, 2011 4:30pm
you are building a good thread here Olu, thanks

a good weekend to all


Quoting Olu
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
  • #323
  • Feb 18, 2011 5:58pm Feb 18, 2011 5:58pm
Hey thanks Olu and everyone for all the commentary on the AUDUSD - really useful stuff.

Liking this thread - I finished the week down by about 2%, but ended the week well with nice shorts on USDCHF +45, GBPCHF+56 and catching 40pips up on AUDCAD. Had to laugh when I was up 70pips on an EURUSD short and then in a blink of an eye was stopped out at BE...

Look forward to next week...

Thanks again

Doug
  • #324
  • Feb 18, 2011 6:42pm Feb 18, 2011 6:42pm
Quoting Olu
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.

I agree EURAUD looks bearish - just look at the weekly, lol. But on the 4H looks like price is consolidating and perhaps untradeable until a decent break out?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011.02.19 EURAUD Weekly.jpg Size: 71 KB
Click to Enlarge Name: 2011.02.19 EURAUD 4H.jpg Size: 77 KB
  • #325
  • Feb 19, 2011 2:03pm Feb 19, 2011 2:03pm
Quoting quintodc
Hey thanks Olu and everyone for all the commentary on the AUDUSD - really useful stuff.

Liking this thread - I finished the week down by about 2%, but ended the week well with nice shorts on USDCHF +45, GBPCHF+56 and catching 40pips up on AUDCAD. Had to laugh when I was up 70pips on an EURUSD short and then in a blink of an eye was stopped out at BE...

Look forward to next week...

Thanks again

Doug
Doug,

I was also stopped out@BE after being 50+ (almost around 70+) on EURUSD, EURCHF, USDCHF, and USDJPY.
  • #326
  • Feb 19, 2011 6:32pm Feb 19, 2011 6:32pm
Quoting deepleo
Doug,

I was also stopped out@BE after being 50+ (almost around 70+) on EURUSD, EURCHF, USDCHF, and USDJPY.
Aw no deepleo, really interested to hear you suffered like me, but to get stopped out on 4 winners to BE at the same time, not such fun ! Ah well all part of trading and better luck to us next week !

Out of interest, what do people here generally use as a profit target? I hadn't even thought about a PL for EU as was just expecting it to continue dropping for a time....
  • #327
  • Feb 20, 2011 10:01am Feb 20, 2011 10:01am
Quoting quintodc
..............
Out of interest, what do people here generally use as a profit target? I hadn't even thought about a PL for EU as was just expecting it to continue dropping for a time....
Doug,

I use weekly supports[S1,S2, & S3] for shorts and resistances[R1,R2, & R3] for longs as TP levels.
  • #328
  • Feb 20, 2011 5:33pm Feb 20, 2011 5:33pm
Bullish divergence
reversal candle pattern
price attacking a downtrend line

if we break the line we can go north
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
  • #329
  • Feb 20, 2011 5:39pm Feb 20, 2011 5:39pm
This pair nicked my 50pips on thursday. Are we seeing some euro strength?
If we break out out of the structure we might shoot up
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad-daily-19022011.jpg Size: 133 KB
If you think you can or cannot do it you are correct
  • #330
  • Feb 20, 2011 5:57pm Feb 20, 2011 5:57pm
This is a weekly chart
Stoch is positive
price attacking resistance
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy-weekly-19022011.jpg Size: 92 KB
If you think you can or cannot do it you are correct
  • #331
  • Feb 21, 2011 6:07pm Feb 21, 2011 6:07pm
Time to hit the markets. We have done the holidays and now it is time to make some pips. The markets were quiet today as expected.
If you think you can or cannot do it you are correct
  • #332
  • Feb 21, 2011 6:11pm Feb 21, 2011 6:11pm
tendline break
overbought stochastics and turning
weakness in the stock market
triple top on the 4hrly
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-daily-22122011-0005uk.jpg Size: 88 KB
If you think you can or cannot do it you are correct
  • #333
  • Feb 21, 2011 6:19pm Feb 21, 2011 6:19pm
hello Olu, any thoughts on Ach240
  • #334
  • Feb 21, 2011 6:27pm Feb 21, 2011 6:27pm
Quoting PeterE
hello Olu, any thoughts on Ach240
excuse my ignorance but what is Ach? audchf?

Olu
If you think you can or cannot do it you are correct
  • #335
  • Feb 21, 2011 6:41pm Feb 21, 2011 6:41pm
yes AUDCHF, i've abbreviated.........my own style
  • #336
  • Feb 21, 2011 6:43pm Feb 21, 2011 6:43pm
Quoting Olu
tendline break
overbought stochastics and turning
weakness in the stock market
triple top on the 4hrly
I think I just missed the trade.... Went do do something adfter I posted and voila down 50pips. Now it looks as if the eurjpy might be better now since according to the eurgbp is going down meaning the gbp is stronger thab the eur
If you think you can or cannot do it you are correct
  • #337
  • Feb 21, 2011 6:46pm Feb 21, 2011 6:46pm
Don't know much about audchf....but I like nzdchf !



golferfx
  • #338
  • Feb 21, 2011 6:53pm Feb 21, 2011 6:53pm
Same as gbpjpy

Stoch on the daily overbought and turning down
price tried to continue north but was repelled hard
112.09 is a good target
just about breaking support now 112.97
breakdown point 113.22 (already broken)
Perhaps a retest can be sold
Attached Image
If you think you can or cannot do it you are correct
  • #339
  • Feb 21, 2011 7:07pm Feb 21, 2011 7:07pm
twiddling thumbs re short 0.9545ish

Quoting PeterE
yes AUDCHF, i've abbreviated.........my own style
  • #340
  • Feb 21, 2011 7:38pm Feb 21, 2011 7:38pm
Quoting PeterE
twiddling thumbs re short 0.9545ish
Price is below the 100sma on the daily chart - Bearish.
Daily stoch has turned - bearish
Price running into support area (the 2 red lines)
Stoch is way oversold - may signal inability to go down hard

In short you might need to babysit this one closely
Hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: audchf-daily-22022011-0126uk.jpg Size: 106 KB
If you think you can or cannot do it you are correct
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