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Nearly Naked (Simple Trades)

  • #10,321
  • Oct 12, 2011 5:04pm Oct 12, 2011 5:04pm
AU 4hr

Breakout on Wednesday and should continue higher. Friday should close on or near the highs for the week.
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  • #10,322
  • Oct 12, 2011 5:24pm Oct 12, 2011 5:24pm
EU daily

EU is back into the resistance, I have exited my longs here but haven't taken any shorts yet. The dollar index doesn't look quite ready to rally, also I am expecting au to continue up for another week and a bit so not sure how much downside there will be on eu until then.
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  • #10,323
  • Oct 12, 2011 5:33pm Oct 12, 2011 5:33pm
Quoting Saxon
Great charts/analysis Amy, good to see you back !
Hi Saxon, it's good to be back!
  • #10,324
  • Oct 13, 2011 8:01am Oct 13, 2011 8:01am
EU Target hit for 87 pips (target posted earlier)
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  • #10,325
  • Oct 13, 2011 8:03am Oct 13, 2011 8:03am
GU high confluence target hit for 93 pips (target posted earlier)
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  • #10,326
  • Oct 13, 2011 8:05am Oct 13, 2011 8:05am
AU confluence target hit for 43 pips, (TSL taken out)
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  • #10,327
  • Oct 13, 2011 8:06am Oct 13, 2011 8:06am
NU target hit for only 34 pips (TSL taken out)
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  • #10,328
  • Oct 13, 2011 8:08am Oct 13, 2011 8:08am
No more open positions, dont think anymore targets to be seen until next week or maybe the week after.
  • #10,329
  • Oct 13, 2011 8:19am Oct 13, 2011 8:19am
Quoting Saxon
No more open positions, dont think anymore targets to be seen until next week or maybe the week after.
Goood job Saxon...
So it's time for retracement on all pairs?
I want to go SHORT soon.
I have been watching (and waiting) closely on EURUSD, which indicates signs of retracement and reversal, but it keeps bouncing of 100MA (30min chart) over and over again... It makes me still hesitating.
Maybe some bulls will try attacking 1.38400 again...

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  • #10,330
  • Oct 13, 2011 8:25am Oct 13, 2011 8:25am
Quoting anongz
Approaching Target.



________________________
We doesn’t tell the market what to do, The market tell us what to do , Market change our trade plan will change... Plan your Trade , Trade Your Plan.

Updated...
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  • #10,331
  • Oct 13, 2011 8:25am Oct 13, 2011 8:25am
Ya, was trading retracement targets. I know I should have held them, but I am ready to get my weekend started and don't want to watch tick data for the next 2 days
You got any open positions ?
  • #10,332
  • Oct 13, 2011 8:26am Oct 13, 2011 8:26am
Quoting anongz
Updated...
nice charts! I like your divergence analysis too.
  • #10,333
  • Oct 13, 2011 8:28am Oct 13, 2011 8:28am
For my UCHF I was waiting for my LT fib target but never got it. textbook divergence though.
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  • #10,334
  • Oct 13, 2011 8:31am Oct 13, 2011 8:31am
Waiting for something similar on ECHF but got held up on SR. That's a weekly fib so would expect some good friction there. If PA ever got to that fib confluence target to the north, I would be going all in on that. Don't think it will get there for a long time (if ever)

Plus, due to all of the noise on CHF fixing at 1.2 and EUR having the problem child (Greece), all of my CHF targets are very Long-Term
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  • #10,335
  • Oct 13, 2011 8:34am Oct 13, 2011 8:34am
Oh ya, forgot to post this one. I posted my views on this channel a long time back, PA has been very solid in it. PA took a shot at the roof and got rejected by solid confluence of UTL and Fib. Sent it down for 180+ pips on the spot
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  • #10,336
  • Oct 13, 2011 8:39am Oct 13, 2011 8:39am
Approaching target
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  • #10,337
  • Oct 13, 2011 8:43am Oct 13, 2011 8:43am
Just by simple comparing previous retracements and FIBO it looks like price could reach 50%Fibonacci which is around 1.34800-1.34900 area...
It could be also a beggining of Head & Shoulders pattern on EURUSD...
But it's too far now to predict...


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  • #10,338
  • Oct 13, 2011 8:58am Oct 13, 2011 8:58am
Updated.... this is mine..
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  • #10,339
  • Oct 13, 2011 9:06am Oct 13, 2011 9:06am
Quoting anongz
Updated.... this is mine..
Good chart... good...
Saxon as an administrator should drop all our charts into his computer,
mix it all and post an outcome every Monday morning... ha ha
Thanks God we all have similar levels...
Read Charts - Not Papers
  • #10,340
  • Oct 13, 2011 9:14am Oct 13, 2011 9:14am
It's like that old bingo wheel, haha, Ill just pull a winner out every monday:
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