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  • #401
  • Feb 24, 2011 1:53pm Feb 24, 2011 1:53pm
channel of sorts

no set-up for me at present

Quoting Olu
Comments anyone?
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  • #402
  • Feb 24, 2011 6:05pm Feb 24, 2011 6:05pm
price above the 100-sma
stoch turned up nicely - possible beginning of an upmove
lovely longlegged doji right off the 100sma

this pair is bullish on a swing basis

Comments?
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If you think you can or cannot do it you are correct
  • #403
  • Feb 24, 2011 6:26pm Feb 24, 2011 6:26pm
The same analysis for this pair as is for audjpy - bullish
Attached Image
If you think you can or cannot do it you are correct
  • #404
  • Feb 24, 2011 6:36pm Feb 24, 2011 6:36pm
Quoting Olu
price above the 100-sma
stoch turned up nicely - possible beginning of an upmove
lovely longlegged doji right off the 100sma

this pair is bullish on a swing basis

Comments?
It did bounce off of monthly pivot around 82.17, it may go up till around 83.60 area. If it opens above the pivot next week then may continue upward.
  • #405
  • Feb 24, 2011 7:38pm Feb 24, 2011 7:38pm
This pair is getting ready for a sell. Pair is sitting on support at the moment and therefore there might be some retracement. Also on the 4hrly the pair is oversold and the stoch is ready to turn
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If you think you can or cannot do it you are correct
  • #406
  • Feb 24, 2011 7:43pm Feb 24, 2011 7:43pm
I agree.

I have no set-up yet, but am watching for a short down to 1.5800ish.

.
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  • #407
  • Feb 24, 2011 8:08pm Feb 24, 2011 8:08pm
Quoting Olu
This pair is getting ready for a sell. Pair is sitting on support at the moment and therefore there might be some retracement. Also on the 4hrly the pair is oversold and the stoch is ready to turn
Short @1.5955
If you think you can or cannot do it you are correct
  • #408
  • Feb 24, 2011 8:14pm Feb 24, 2011 8:14pm
G'night. See you in the morning...
If you think you can or cannot do it you are correct
  • #409
  • Feb 24, 2011 8:29pm Feb 24, 2011 8:29pm
Quoting Olu
Short @1.5955
I'm with you on this one, hope british GDP news today will support us.
  • #410
  • Edited 1:48am Feb 25, 2011 1:33am | Edited 1:48am
i have AU at resistance, GA moving sideways and not yet at my favoured short price, plus GBP red flag news due in 2hrs

............still not ready to short, need a few things to align first, which means i may miss out altogether, but that's ok

edit: my post has just moved the market

Quoting PeterE
I agree.

I have no set-up yet, but am watching for a short down to 1.5800ish.

.
  • #411
  • Feb 25, 2011 2:23am Feb 25, 2011 2:23am
+6pips.

Not willing to hold this through GDP Fundamental news. Will look again after data release. One the 4hrly we are trying ro reclaim support line.
Stochastics over sold and turning up
Attached Image
If you think you can or cannot do it you are correct
  • #412
  • Feb 25, 2011 2:38am Feb 25, 2011 2:38am
a bit of fundamental analysis here. If the gdp figures are not good the pound will fall hard because there is the expectation of interest rate rises in the current price and the market will want to extract that premuim

A break of 5910 might be a good short. Or better still just sell the gbpusd when it breaks support. If figures are better than expected the above trades would just be academic

Off to work...

Olu
If you think you can or cannot do it you are correct
  • #413
  • Feb 25, 2011 5:15am Feb 25, 2011 5:15am
Quoting Olu
a bit of fundamental analysis here. If the gdp figures are not good the pound will fall hard because there is the expectation of interest rate rises in the current price and the market will want to extract that premuim

A break of 5910 might be a good short. Or better still just sell the gbpusd when it breaks support. If figures are better than expected the above trades would just be academic

Off to work...

Olu
The data that came out was bearish for the pound and this trade is really going down now. Shame.

In the same token the data could have been much stronger and a similar scenario 'quickest 100pip loss in history' could have occurred.
If you think you can or cannot do it you are correct
  • #414
  • Feb 25, 2011 5:31am Feb 25, 2011 5:31am
Will put up a chart later. Proposing a sell of the break of the inside bar yesterday or more conservatively a break of 3509 aiming for 3300 area
If you think you can or cannot do it you are correct
  • #415
  • Feb 25, 2011 5:47am Feb 25, 2011 5:47am
Quoting Olu
Will put up a chart later. Proposing a sell of the break of the inside bar yesterday or more conservatively a break of 3509 aiming for 3300 area

Price now below 100sma
stoch turned down
price couldnt take out the high of the upbar
now price is trying the downside
Fundamentally euro concerns about greece and spain are coming up again

I dont expect the downmove to be as strong as what we have seen in the gbpaud i missed. But the same rules I applied to that trade is what I am applying to this one

Comments?
Attached Image
If you think you can or cannot do it you are correct
  • #416
  • Feb 25, 2011 6:41am Feb 25, 2011 6:41am
Quoting Olu
Price now below 100sma
stoch turned down
price couldnt take out the high of the upbar
now price is trying the downside
Fundamentally euro concerns about greece and spain are coming up again

I dont expect the downmove to be as strong as what we have seen in the gbpaud i missed. But the same rules I applied to that trade is what I am applying to this one

Comments?
sold @1.3508
If you think you can or cannot do it you are correct
  • #417
  • Feb 25, 2011 7:10am Feb 25, 2011 7:10am
A daily eurgbp chart is uploaded for your comments
A few times recently that I traded this pair it has gone the other way so we have a healthy respect for each other.

The daily chart is showing a reversal pattern in the making. Nothing tradable for now but something to keep an eye on
Attached Image
If you think you can or cannot do it you are correct
  • #418
  • Feb 25, 2011 7:31am Feb 25, 2011 7:31am
Quoting Olu
A daily eurgbp chart is uploaded for your comments
A few times recently that I traded this pair it has gone the other way so we have a healthy respect for each other.

The daily chart is showing a reversal pattern in the making. Nothing tradable for now but something to keep an eye on
Olu,

It seems EURGBP lost the steam for this week as it reached/holding at weekly resistance of 0.8566 area. It may retrace towards 0.8525 area today and may continue upward next week.

For these reasons I will be neutral on this pair for now.

Did you go short on NZDUSD?
  • #419
  • Feb 25, 2011 7:34am Feb 25, 2011 7:34am
Initial stage of a trendline breakdown... As always let the candle close before making any conclusions.

Dollar index has temporarily double bottomed on the daily chart as well
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If you think you can or cannot do it you are correct
  • #420
  • Feb 25, 2011 7:39am Feb 25, 2011 7:39am
Quoting deepleo
Olu,

It seems EURGBP lost the steam for this week as it reached/holding at weekly resistance of 0.8566 area. It may retrace towards 0.8525 area today and may continue upward next week.

For these reasons I will be neutral on this pair for now.

Did you go short on NZDUSD?
I am not short yet on the nzdusd. Didnt want to put on 2 risky trades with the data coming out soon. It is becoming a viable trade by the day and to get the best of the trade one might need to hold for long
If you think you can or cannot do it you are correct
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