A chart helps those who can read it.
james16 Chart Thread
- #101,241
- Sep 2, 2011 8:19pm Sep 2, 2011 8:19pm
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
- #101,243
- Edited 9:06pm Sep 2, 2011 8:46pm | Edited 9:06pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
What's your opinion in this CHF/JPY pair on H4 TF. The price did not act as support once the price break through and close above.
Create a two column list for foreign money
List them in Column A if you think the have a chance of growth.
Column B if Otherwise.
Trading Crosses contained in either Column A OR B should be restricted to Cut & Run plays.
But that don't mean I aint interested.
Here's the Naked weekly:
Chart:
Weekly:
Daily LOC.
Daily ICCE attached: (Please, help yourself. Compare PA On Close with the Diags created by this ICCE Box)
I know I occasionally come accross as arrogant (well, what can I say... I asked for perfection from all who ever worked for me too.)
B
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- #101,244
- Sep 3, 2011 4:20am Sep 3, 2011 4:20am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
does anyone watch this pair ? 1.0550 is the previous high on 2/16/2004. and we have lower high and pin bars here .SL 40 pips to short it ,it is not bad if we have light lots .
need you ideas ,steve .
need you ideas ,steve .
A chart helps those who can read it.
(For KissFan)
- #101,246
- Sep 3, 2011 5:22am Sep 3, 2011 5:22am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
does anyone watch this pair ? 1.0550 is the previous high on 2/16/2004. and we have lower high and pin bars here .SL 40 pips to short it ,it is not bad if we have light lots .
Not that I know much about anything but, too me it looks like a large consolidation area which I would not mess with unless we got a breakout and retest of the upper PPZ with some serious bullish PA.
Or, we get a breakout and a large bearish PA off the highs up there but, I would need to see a close of any PA below the upper PPZ.
By the way, I am really pissed off.
My cell phone may have caught a virus and I charged up the card with 200 RMB 3 weeks ago. I only make one or two short calls a day and today, the thing says my account is empty and I owe the another 70 RMB.
Any ideas for a virus check on it?
It is one of those Samsung galaxy mini phones.
Tried downloading the Samsung apps but can't get them as all the apps are in Chinese when I use the phone to access the Samsung apps.
Weird, the phone is bilingual and switched over to English.
- #101,247
- Sep 3, 2011 5:42am Sep 3, 2011 5:42am
does anyone watch this pair ? 1.0550 is the previous high on 2/16/2004. and we have lower high and pin bars here .SL 40 pips to short it ,it is not bad if we have light lots .
- cad gdp said recession;
- all us news are bad(ism was good only because the consensus was revised down - was 50.8 at the start of the week, most revised down so consensus ended at 48.x - same for nfp - consensus was initially 11x) which obviously clobbers cad even more. And US ism was bad if you read it(hence the enthusiasm lasting so little - algos compared result with consensus and decided it's good and "risk on", then humans read it and...).
- it's combined debt level is on par with UK(which speaks volumes by itself)...
- technically - in '03 when the pair established that high, it lasted less then 1 week. Now, it's the 3rd retest of that high in 3 months(one even technically breakin' that high by 4-5 pips or whatever).
- since may(ppl. waking up that ecb won't increase rate monthly and realizing qe2 is about to end), cad is the worst performing currency(remarkably, even worse then eur - really, how hard is to beat eur?);
- since '08 crisis, it's again the worst performer(excluding printing press ones - gbp & usd - remarkably, again, it's even worse then eur - but then, it has worst debt levels then eurozone);
- since end july disaster US gdp(and cad disaster gdp) which triggered the following rout, again, the worst performer is cad(worse then eur, usd or gbp); though initially both aud & nzd were clobbered far worst. And by a mile - lost more then 4%, 2nd worse being nzd with -0.x%
The only advantages(good ones otherwise) that I see:
- both a/u and e/a are at probably strong resistance, respectively support levels which probably won't break immediately even if they break.
- cad might be a bit oversold(but in that case, probably we won't see 1.055 in the 1st place). And given the econ. reality... ain't that oversold;
- expectations for ivey pmi are so low it's hard to be extremely under consensus.
But the expectations from july that we'll have an rate increase till end year are obviously out of the window...
that being said, when everyone thinks something can go only in one direction, that's usually when it reverses(see chf - ppl. still try to fish the bottom - when they'll give up it'll reverse)
I'll take a tt(have a short @1.055 all the time) for the sake of... dunno, a level which produced good profits, but with small size, so I can sit on it and try to close it @be on retest, if it breaks. And rate differential eats ~1.8pips/day if your broker makes settlement with 2 days future(but then, that's the permanent annoyance with aud shorts, regardless of pair - only that this pair is slow - has some volatility, but it's real moves are very small so taking profit can take days).
- #101,250
- Sep 3, 2011 7:31am Sep 3, 2011 7:31am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Not that I know much about anything but, too me it looks like a large consolidation area which I would not mess with unless we got a breakout and retest of the upper PPZ with some serious bullish PA.
Or, we get a breakout and a large bearish PA off the highs up there but, I would need to see a close of any PA below the upper PPZ.
By the way, I am really pissed off.
My cell phone may have caught a virus and I charged up the card with 200 RMB 3 weeks ago. I only make one or two short calls a day and today, the thing says my account is empty and...
if it does not work , i will try other ways .
A chart helps those who can read it.
- #101,251
- Sep 3, 2011 11:06am Sep 3, 2011 11:06am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
does anyone watch this pair ? 1.0550 is the previous high on 2/16/2004. and we have lower high and pin bars here .SL 40 pips to short it ,it is not bad if we have light lots .
I'm not doing it for you but perhaps a weekend excersise.
Create a two column list for foreign money
List them in Column A if you think the have a chance of growth.
Column B if Otherwise.
Trading Crosses contained in either Column A OR B should be restricted to Cut & Run plays.
But that don't mean I aint interested.
Here's the Naked weekly:
Chart:
Weekly:
Attachment
Daily LOC.
Attachment
Daily ICCE attached: (Please, help yourself. Compare PA On Close with the Diags created by this ICCE Box)
Attachment
I...
- #101,253
- Sep 3, 2011 5:04pm Sep 3, 2011 5:04pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
hey,steve.this is the anti-virus software for Samsung galaxy mini s5570. i guss your cell phone is s5570 ? you unzip the attachment ,and then copy it to your cell phone ,install and run it . i am not sure if it works ,but it is safe .
Great Guess by the way.. It is the S5570
- #101,254
- Sep 3, 2011 6:11pm Sep 3, 2011 6:11pm
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
Here's my take on AUD/CAD, fwiw
and on my chart of the oanda broker .there is one IPB and and two PB last three days. it show the uncertain of the market .the RSI( i do not use the macd ,because i use the emas on my main chart ,and i think the ma and macd is repeated .am i right?) ,you can see the trend line on RSI. 
A chart helps those who can read it.
- #101,257
- Sep 4, 2011 6:32am Sep 4, 2011 6:32am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
- #101,259
- Sep 4, 2011 9:41am Sep 4, 2011 9:41am
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
meine augen sind die sterne