New voice message: Why are you calling me? If I need you, I'll call you!
- #550,881
- Oct 16, 2011 3:55pm Oct 16, 2011 3:55pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
- #550,882
- Oct 16, 2011 4:00pm Oct 16, 2011 4:00pm
So, hi there mates!
The market is starting within 15 minutes, i am back after whole day at uniwersity, and manage to do some quick analysis!
Weekly tf:
A big white corpus followed hammer candle which confirmed it. It usualy is a stron bullish trend signal, however, this time i would be sceptic about it, becouse the bearish trend before it was to short. As i mentioned last week, we can see a correction before falling down again, and this can be it!. Anyway it also passed through 200 Ema, and 50 fibo retracment lvl of last bearish movement(again a strong signal). The major resistance can be found at 1.3937 and of course 1.4. If those would be broken, i would look @ top line of blue triangle and purple line of last year bullish trend as resistance. Passing those could indicate another part of horizontal movement.
Prediction: neutral.
Daily tf:
At daily tf candle are going near 200 ema resistance, which they will meet ewentualy at about 1.40 lvl, which should be a very strong resistance!. Of course first they need to pass 1.3937 mentioned before. In candle analysis, there is something called "super series" and it tells, that after 8-10 candles creating new high, the chance of correction of this movement rises, so it can aply to our bullish movement. The RSI is in bullish favor, but stoch is high and ready to fall down
.
Prediction: neutral, waiting for breaking 1.3937 or strong black candle
4h tf:
Here we are having a long bullish channel, and also break through 200 ema. However, at top 2 little corpuses/high wave candles formed, and bulls need to be warned by them. Also Rsi, still bullish is high, and stoch is the same. The upper lvl are know, but lower we have 1.38000 followed by 1.37000 and channel around 1.36500. Breaking through it would be followed by another bearish actions!
Predictions: neutral.
To sum up im neutral and waiting for some actions at the begining of the week. But in my heart hoping for some bearish movement, as simillar x/dolar(Aud/usd for example) pairs are also in nice moment to take short possition.
Some charts here, and wishing you all luck and green pips!
The market is starting within 15 minutes, i am back after whole day at uniwersity, and manage to do some quick analysis!
Weekly tf:
A big white corpus followed hammer candle which confirmed it. It usualy is a stron bullish trend signal, however, this time i would be sceptic about it, becouse the bearish trend before it was to short. As i mentioned last week, we can see a correction before falling down again, and this can be it!. Anyway it also passed through 200 Ema, and 50 fibo retracment lvl of last bearish movement(again a strong signal). The major resistance can be found at 1.3937 and of course 1.4. If those would be broken, i would look @ top line of blue triangle and purple line of last year bullish trend as resistance. Passing those could indicate another part of horizontal movement.
Prediction: neutral.
Daily tf:
At daily tf candle are going near 200 ema resistance, which they will meet ewentualy at about 1.40 lvl, which should be a very strong resistance!. Of course first they need to pass 1.3937 mentioned before. In candle analysis, there is something called "super series" and it tells, that after 8-10 candles creating new high, the chance of correction of this movement rises, so it can aply to our bullish movement. The RSI is in bullish favor, but stoch is high and ready to fall down
. Prediction: neutral, waiting for breaking 1.3937 or strong black candle
4h tf:
Here we are having a long bullish channel, and also break through 200 ema. However, at top 2 little corpuses/high wave candles formed, and bulls need to be warned by them. Also Rsi, still bullish is high, and stoch is the same. The upper lvl are know, but lower we have 1.38000 followed by 1.37000 and channel around 1.36500. Breaking through it would be followed by another bearish actions!
Predictions: neutral.
To sum up im neutral and waiting for some actions at the begining of the week. But in my heart hoping for some bearish movement, as simillar x/dolar(Aud/usd for example) pairs are also in nice moment to take short possition.
Some charts here, and wishing you all luck and green pips!
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Name: EUR.USD[h4.1] 16.10.11.jpg
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Name: EUR.USD[h4.2] 16.10.11.jpg
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- #550,883
- Oct 16, 2011 4:04pm Oct 16, 2011 4:04pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #550,885
- Oct 16, 2011 4:11pm Oct 16, 2011 4:11pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #550,886
- Oct 16, 2011 4:13pm Oct 16, 2011 4:13pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #550,888
- Oct 16, 2011 4:25pm Oct 16, 2011 4:25pm
- | Membership Revoked | Joined Oct 2010 | 2,745 Posts
good week...lets buy and sell....
- #550,890
- Oct 16, 2011 4:32pm Oct 16, 2011 4:32pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #550,891
- Oct 16, 2011 4:36pm Oct 16, 2011 4:36pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #550,893
- Oct 16, 2011 4:52pm Oct 16, 2011 4:52pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #550,894
- Oct 16, 2011 5:00pm Oct 16, 2011 5:00pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #550,895
- Oct 16, 2011 5:01pm Oct 16, 2011 5:01pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
i opened one long on gold at 1681.5 target 1684.97
also an old short on USDCAD and an old long on GPBJPY
When life gives you lemons, make lemonade
- #550,897
- Oct 16, 2011 5:33pm Oct 16, 2011 5:33pm
- | Joined Dec 2010 | Status: Trader | 1,581 Posts
How to opt out annoying user signatures ??
- #550,898
- Oct 16, 2011 5:34pm Oct 16, 2011 5:34pm
- | Joined Oct 2011 | Status: Trader | 1,010 Posts
I can smell it already, This weeks sucker trade will be again the euro sellers.
Last week i could have killed for a good long, but only went short. like most of you in here if you are honest.
I agree on technicals to the downside, however, fundamentals always beat the techs, especially in the last couple months. I plan to have a plan, and to only buy AND hold. Here is what:
Buy EuroDollar
Buy EuroYen
Buy EuroCHF
Buy CADYen
Buy PoundYEN
There are two eventual National Banks trigger happy right now, its SNB and BOJ. Once you get aware of that edge, why don't you trade it? It is just a temporary edge, but the strongest backup you can have.
Just go long on Euro, sell Yen, Sell Dollar. Don't wait for a retracement that may not come, rather go in smaller then usual.
Somebody mentioned Bank Stocks come out with numbers this week. Yes they do, but so what. It is not about earning season, it is about Europe.
I wish you that you all can overcome fear. Realize big money is long cuz they don't give a damn. Retailers are afraid to lose their money, so it is natural that most are short. No matter what the fundamentals say.
Good luck tp
Buy aggressively
Last week i could have killed for a good long, but only went short. like most of you in here if you are honest.
I agree on technicals to the downside, however, fundamentals always beat the techs, especially in the last couple months. I plan to have a plan, and to only buy AND hold. Here is what:
Buy EuroDollar
Buy EuroYen
Buy EuroCHF
Buy CADYen
Buy PoundYEN
There are two eventual National Banks trigger happy right now, its SNB and BOJ. Once you get aware of that edge, why don't you trade it? It is just a temporary edge, but the strongest backup you can have.
Just go long on Euro, sell Yen, Sell Dollar. Don't wait for a retracement that may not come, rather go in smaller then usual.
Somebody mentioned Bank Stocks come out with numbers this week. Yes they do, but so what. It is not about earning season, it is about Europe.
I wish you that you all can overcome fear. Realize big money is long cuz they don't give a damn. Retailers are afraid to lose their money, so it is natural that most are short. No matter what the fundamentals say.
Good luck tp
Buy aggressively
- #550,899
- Oct 16, 2011 5:36pm Oct 16, 2011 5:36pm
- | Membership Revoked | Joined Aug 2011 | 2,325 Posts
"The Heart is the hub of all dances; go there and chill out"
- #550,900
- Oct 16, 2011 5:45pm Oct 16, 2011 5:45pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,021 Posts | Online Now
Patience, Emotion Control and Discipline.