Nearly Naked (Simple Trades)

Im going to wait a few more hours before I release the Bookie Report.

EG coming up to Fib and UTL. Just keep an eye on this as FOMC will cause some fun.

EU has a wide, but strong PPZ to the north. Confluence of Fibs, SR and "00" 1.4

UCAD MR1 was good for about 250. No PA is back to retest. Been a long dip and SR might be good for a few. PA has broken though 1. PA is overextended on a lot of pairs right now. But again, FOMC can cause us some problems so everything is manual.

Hi Traders…
Anybody has an idea or any suggestion about EURNZD?
I am tempted to go SHORT soon, but not at this moment.
The downtrend potential is veeeeerrrrry nice!!!
Might be I need to wait till Monday.

The pair is now hesitating around 1.7280 zone
I think it’s not the end of its upper movement and the price would like to touch and test its 76,40% Fibbo level which is also very important S/R and psycho level @ 1.7400.
Who knows, maybe it’ll break through to retest once again 1.7760…

I am preparing for going SHORT on EURCAD as well.
A congestion of two Fibbo levels, psycho 1.4000 level and previous support/resistance makes me want to give it a try…
So I am waiting till price hits 1.4000 to go SHORT.
Target at next Fibo congestion @ 1.3750 (also Fibo, S/R and psycho)
Nice 250 pips to grab if scenario fulfils.

I am looking for LONG position on XAUUSD at around 1700 zone
The congestion of two Fibbonacci levels, Fibonacci extension levels, strong previous support/resistance area and also psych-level make me want to go for that.
So I am waiting till price hits my “entry zone” area and holds it s level to go long…
Nice 3% to grab if scenario fulfils…
Does anybody think the same way???

UPDATE @ Friday, 4pm (London)
There's no doubt any bullish scenario has been denied and price is heading towards next "bus stop" at 1650.
Price easily broke 1700, then found few buyers at 1680 and moved down further more.
However it' was easy to see first signs of consolidation, every step down it's more and more hesitation and tension involved.
Finally the price finds it support where bears will give up, but I think it won't happen today as traders don't like to open position late Friday and keep it over weekend.

Attached Image (click to enlarge)

EURUSD looks interesting an hour before New York opens.
The price is now @ 1.34300 zone and all indicators & oscillators seem to be oversold.
However I’d sustain from going LONG unless price hits another 100 pips below to 1.33200.
The level 1.33200 is not only a congestion of few Fibonacci levels but also previous strong support/resistance area.
So if the 1.33200 level will be upheld and confirmed I am preparing to open LONG (probably on Monday morning) @ around 1.3320 or even 1.3300 psycho level.

My mid-term target would be at 1.3700 so it’s a pretty nice bag of pips to grab if scenario fulfills.
Anybody agree ???

Would you guys agree based on the below there's a good chance we might test the .33850~ demand area ? I´m still relatively new to drawing these harmonics btw.. Last 2 15min candles( not included in this picture) give a correct volume showing this breakout should be "true".

http://img716.imageshack.us/img716/9315/respected2.gif

Edit : Bounced of the 75.0 which I didn't had on my charts.. Another lesson learned.
http://img831.imageshack.us/img831/9457/bounced.gif

Here are some of my charts for the week. I will send some more out later once Weekly Pivs update.

EU

GU

Wider GU has LT Fib and 1.52

UCAD has confluence of "00" 1 and Fib on the spot

GCAD has confluence of Fib, psychological "00" 1.6 and SR

Heres my current veiw..Good luck to all!!

Interesting 50% fib and TL outlook...

Here is today's Bookie Report.

Sent an email to [email protected] if you want this auto sent to you.

Good Morning Traders
Thanx Saxon for Bookie Report....

Here’s my quick review of EURUSD at 11am (London)
After Monday London session opening there are visible clear signs of consolidation on most charts.
The pair found buyers and support on 1.35500 and for this moment it seems to be a solid ground.
It is a congestion of few Fibo level, Fibo extensions and S/R… Perfect "reversal zone"
It’s very interesting setup now and I am expecting nice retracement on EURUSD for beginning of this week.
However weekly and daily charts have generated strong bearish signals.
I consider the upward movement to be only corrective on its further way down to 1.2900 area within next week or two.
So for now I am looking for good LONG entry point to grab few pips, keeping in mind that sooner or later the market can reverse…

Here’s a quick review of USDCAD at 11.30am (London)
Monday London session: visible signs of consolidation.
All pairs seem to be tired of last week rally.
The steam has evaporated and lack of momentum seems to draw the pair down to its previous support/resistance area.
At 1.0370 we have a congestion of few Fibo levels, Fibo extensions and S/R… and if we won’t be hit by any breaking news, USDCAD should make some nice retracement at this point.
It’s also good time for cashing out profits for last week bulls…

Weekly and daily charts though have generated strong bullish signals so I think its reversal would be only a corrective movement.
With Fibonacci extension tool the target area appears to be to be slightly below 1.1000 zone.
Pretty "attractive" as if scenario fulfils we can cash out a massive 10% on one trade!
I know it’s too early for such a long forecast but with its bullish signals on weekly and daily it seems to be possible.
But for now I am looking for SHORT entry to grab few pips…
Any comments welcomed