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  • #2,421
  • Sep 4, 2011 11:04pm Sep 4, 2011 11:04pm
Quoting BlackWid0w
I will update this post itself with entries and exits if i can.

Good luck for the trading week
Will see you all later tonight or tommorow morning

Thanks for all the positive feed back ..

Regards Black widow
Great charts & analysis, great trader(s) on a great thread
  • #2,422
  • Sep 5, 2011 1:06am Sep 5, 2011 1:06am
Quoting aligater
Welcome back Home...
I hope you had fun


aligater
Thanx

Yes, I had a good time in Egypt.
  • #2,423
  • Sep 5, 2011 1:24am Sep 5, 2011 1:24am
Let's see how bulls react in that red zone.
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  • #2,424
  • Sep 5, 2011 1:36am Sep 5, 2011 1:36am
If 4170-75 holds firm we might see 4120,4100 and subsequently 4075.
  • #2,425
  • Sep 5, 2011 1:53am Sep 5, 2011 1:53am
Bulls are ducking for cover, EUR/CHF just lost another cent too.

I kept the Aussie short from Friday 1.0744, RBA will definitely have a dovish statement tomorrow and even a 25 points rate cut is not completely unlikely.
In that case I can see this pair heading back towards parity tomorrow, so I'll leave it running for now with 120 pips trailing stop.
Don't get mad, get even!
  • #2,426
  • Sep 5, 2011 2:03am Sep 5, 2011 2:03am
Yes indeed.
I was expecting a bounce above at 1.415x but nothing happened. So next potential area is 1.4075
Quoting T@rantula
If 4170-75 holds firm we might see 4120,4100 and subsequently 4075.
  • #2,427
  • Sep 5, 2011 2:08am Sep 5, 2011 2:08am
Quoting T@rantula
If 4170-75 holds firm we might see 4120,4100 and subsequently 4075.
First target is reached for EU, 4100 could be next. Reversal point could be 4095.
  • #2,428
  • Sep 5, 2011 2:34am Sep 5, 2011 2:34am
morning guys..huge gap down yesterday on cable and euro


looks like 1.4 is on
but me to risky..i will look at 1.4 for a buy signal or confirmation to sell deeper
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  • #2,429
  • Sep 5, 2011 2:50am Sep 5, 2011 2:50am
Quoting nAVIN2007
morning guys..huge gap down yesterday on cable and euro


looks like 1.4 is on
but me to risky..i will look at 1.4 for a buy signal or confirmation to sell deeper
Was hoping for the bounce on London open, so far not a big movement except that bearish target 1 has been kissed. Lets see whether it will fill it or no.
  • #2,430
  • Sep 5, 2011 2:53am Sep 5, 2011 2:53am
Quoting T@rantula
Was hoping for the bounce on London open, so far not a big movement except that bearish target 1 has been kissed. Lets see whether it will fill it or no.

we need to be very carefull..im really doubting this move down
the reason why is usd index is at a vital trendline, if it goes then usd turned into a friggin bull

a rejection here will strengthen its counters
so we have to be carefull

area is protected so far..
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  • #2,431
  • Sep 5, 2011 2:58am Sep 5, 2011 2:58am
If the lows are set we could go to 4200-4250.
  • #2,432
  • Sep 5, 2011 3:00am Sep 5, 2011 3:00am
Quoting T@rantula
If the lows are set we could go to 4200-4250.

this area could be a turning point
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  • #2,433
  • Sep 5, 2011 3:24am Sep 5, 2011 3:24am
Quoting nAVIN2007
this area could be a turning point
Yep 4141-ish is lower daily Bollinger too.
Don't get mad, get even!
  • #2,434
  • Sep 5, 2011 4:03am Sep 5, 2011 4:03am
THis is Chicago Merc Volume Chart.
As you can see price 1.4442 was sold heavily.
The small blue rectangle was sold off using up-thrusts to get the green level volume price of 1.4282 and then futher sell.

Right now the big blue rectangle is important area, if price would get through, bulls are in charge. However, according to my wave count we are in wave c of correction of bigger wave 2 so we might expect occasional up-thrust to mentioned level just to get better price to sell. Consolidation phase, no fireworks yet I guess.

Longs are preffered form lower levels in case of establishing corrective wave 2. Levels are:
1. medium term lower trend line level (about 1.4130)
2. wave 2 (low of 1.4000) is prone to test, we can long from there
3. the most important: wave C low of 1.4050. If we have a shake'n'brake with a close below on min. H1 level, we should seriousley prepare for more downside to come. Otherwise choppy and corrective moves are expected.

Green pips,


Seb
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  • #2,435
  • Sep 5, 2011 4:15am Sep 5, 2011 4:15am
Quoting stulic
I'll long gold... We should see 1900 soon again.
Target hit, 350+ pips but have no intention of closing just yet. Might take partials at 1915 but 2000 soon enough (or even 2200 which is apparently inflation adjusted high from the 80's) could be valid targets.
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Don't get mad, get even!
  • #2,436
  • Edited 4:40am Sep 5, 2011 4:21am | Edited 4:40am
Quoting stulic
Target hit, 350+ pips but have no intention of closing just yet. Might take partials at 1915 but 2000 soon enough (or even 2200 which is apparently inflation adjusted high from the 80's) could be valid targets.

brilliant trade

would any of u guys prefer a particular time frame for analysis? ..let me know. I am aware that some may simply find bigger not so usefull

no signal so far..but bullish sign are there
1)bullish divergence
2)falling wedge type formation

but against trend unfortunately so the divergence is quite impt because its neccessary for trend change, but risky imho
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  • #2,437
  • Sep 5, 2011 4:23am Sep 5, 2011 4:23am
Quoting stulic
Target hit, 350+ pips but have no intention of closing just yet. Might take partials at 1915 but 2000 soon enough (or even 2200 which is apparently inflation adjusted high from the 80's) could be valid targets.
Golden boy

  • #2,438
  • Sep 5, 2011 6:11am Sep 5, 2011 6:11am
Quoting PayTheLimit
despite the action 53/54 is getting, its only a mid to 95, that second projected number is the one thats more important, the one which could trigger a more serious change in market make up...or at least thats how I have it configured now anyway, still experimental mostly...
It's a monday ...

But it is likely we have seen our low for today ... 1.4113 has been print ...

More than 20 times I did reverse my positions until now ...

Very active trading style ...

More than 50 pips cashed that way ...

Long again ... overall 1.4220 or 1.4250 might be printed later ... specially if no further cut below 1.4113 area ...



;-|




Quoting T@rantula
If the lows are set we could go to 4200-4250.
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,439
  • Sep 5, 2011 6:52am Sep 5, 2011 6:52am
A bit of a rejection at 1.1083 EUR/CHF also bounce off TL. Trying long 1.1092 SL: BE TP managed manually.
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Don't get mad, get even!
  • #2,440
  • Sep 5, 2011 7:06am Sep 5, 2011 7:06am
Given it's a bank holiday in the US, I agree. We have probably seen a low for today at 1.41x. I would have prefered it to go lower today to be honest (so that I would have a better level to place a long). Planning to go long on break of 1.4125 S/R - this is counter trade atm so I'm going to scalp and add if there is any momentum building up.
SL: 1.4105 (moving quickly to BE)
Target 1: 1.423 so within your 1.422 - 1.425 area
Over the weekend my broker has changed the whole platform. I have to reset all my graphs and strategies. A pain in the neck


Well done to all of you who have traded gold.

Quoting mercy seat
It's a monday ...

But it is likely we have seen our low for today ... 1.4113 has been print ...

More than 20 times I did reverse my positions until now ...

Very active trading style ...

More than 50 pips cashed that way ...

Long again ... overall 1.4220 or 1.4250 might be printed later ... specially if no further cut below 1.4113 area ...



;-|
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