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  • #10,941
  • Apr 10, 2012 2:05pm Apr 10, 2012 2:05pm
Got great LT targets to the north, however, think PA is going to reset those targets if it can move through confluence friction to the south.
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  • #10,942
  • Apr 10, 2012 2:33pm Apr 10, 2012 2:33pm
Hey Saxon here's what I had charted out on Sunday. But with the last bar sure looks to be forming a shake out candle...Maybe 5 days of S&P in the crapper is time for a turn and weeken the greenback...GL!

Quoting Saxon
So many good MT targets on GU right now. LT target to the north set limit on. However, some great MT targets to the south with many confluence zones to support 30-70 pip ranges.
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  • #10,943
  • Apr 10, 2012 4:00pm Apr 10, 2012 4:00pm
Quoting Chillypiper
Hey Saxon here's what I had charted out on Sunday. But with the last bar sure looks to be forming a shake out candle...Maybe 5 days of S&P in the crapper is time for a turn and weeken the greenback...GL!
Nice charts Chilly,
You using heiken ashi for your candles ?
There's a smoothed version I found a while back that I liked, can't remember where i put it.
  • #10,944
  • Edited 5:31pm Apr 10, 2012 5:16pm | Edited 5:31pm
Sure do. and thanks.. Have at least one running on the pr I'm trading, very easy to determine direction and momentum, as per TMS... (5 step method) thanks to Elfranz.... Very close to Dean Malone and the Craig Harris approaches..

I'm preet sure you know this allready, but if not or anyone else would like to check it out...Here ya go..

http://www.forexfactory.com/showthread.php?t=291622

I don't use it exclusive though, as I still like the naked candle to read using the HA in unison as another tool, if you will..Mostly to take out the noise of smaller TF and confirm my bias when already in a possition or for swing trades..

Regards

Ps.. If your looking to sell AU You might want to look at the Loonie, she looks to be going for some stops and I'm looking to sell...But then I'm a buyer in OZ too..GL!.

Quoting Saxon
Nice charts Chilly,
You using heiken ashi for your candles ?
There's a smoothed version I found a while back that I liked, can't remember where i put it.
  • #10,945
  • Apr 11, 2012 2:03am Apr 11, 2012 2:03am
This is a potential very long term UJ trade. UJ has finally broken the weekly cloud. Was looking for a retest of the cloud before getting in. PA is at the front of the cloud now, might stagger into this one with small entry at front of the cloud with my large entry at the back of the cloud. If this position pans out, could be in it for months-years. One to really watch everyone.
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  • #10,946
  • Apr 11, 2012 5:00am Apr 11, 2012 5:00am
Quoting Saxon
This is a potential very long term UJ trade. UJ has finally broken the weekly cloud. Was looking for a retest of the cloud before getting in. PA is at the front of the cloud now, might stagger into this one with small entry at front of the cloud with my large entry at the back of the cloud. If this position pans out, could be in it for months-years. One to really watch everyone.
In the airport but just read this on Bloomy mobile. Confirming what I posted above. Hopefully I can post the link:
http://mobile.bloomberg.com/news/201...Fcurrencies%2F
  • #10,947
  • Apr 11, 2012 5:02am Apr 11, 2012 5:02am
"
The dollar may strengthen to 105 yen over the next couple of years, a level unseen since October 2008, Mizuho Corporate Bank Ltd. said, citing trading patterns.

The U.S. currency’s rise in February above the so-called cloud between the first and second leading span lines on the weekly Ichimoku chart signals the greenback is poised to advance further against its Japanese counterpart, according to Hiroyuki Tanaka , chief technical analyst at Mizuho in Tokyo . The dollar will climb to 85 yen, near the baseline of the monthly Ichimoku chart, Tanaka said. It will then advance to between 100 and 105, he said. The upper end of the range is above the top of the cloud on the monthly chart
"
  • #10,948
  • Apr 11, 2012 5:47am Apr 11, 2012 5:47am
Twinsummit
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #10,949
  • Apr 11, 2012 6:16am Apr 11, 2012 6:16am
Good morning/afternoon folks.

So boooooooooring….
Let me just contemplate with you, looking on my chart…
No power, no steam, no energy in the market.
The market definitely needs an impulse.
As there are no significant news coming in today, I think the impulse must come out from the charts.
One of the strongest patterns is double bottom formation.
If we won’t trade above 1.3150 today, I think euro must be heading down to retest its previous strong ascending support line (RED), building by the way a foundation of future double bottom pattern, a trampoline to jump to 1.32500-1.32800.
Certainly, the scenario is rejected if price breaks thru the support line.
Well, that’s what I see today on my chart.

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Read Charts - Not Papers
  • #10,950
  • Apr 11, 2012 7:19am Apr 11, 2012 7:19am
Quoting Saxon
"
The dollar may strengthen to 105 yen over the next couple of years, a level unseen since October 2008, Mizuho Corporate Bank Ltd. said, citing trading patterns.

The U.S. currency’s rise in February above the so-called cloud between the first and second leading span lines on the weekly Ichimoku chart signals the greenback is poised to advance further against its Japanese counterpart, according to Hiroyuki Tanaka , chief technical analyst at Mizuho in Tokyo . The dollar will climb to 85 yen, near the baseline of the monthly Ichimoku chart,...
On my flight but am seeing analysis all over Reuters and Bloomy about that weekly cloud above. Also, BOJ is weighing in on it as well, pretty concerned about the strengthening of the yen. I entered a long order at the entry to the.cloud with a limit buy on the back of the cloud. Stops right outside th back of the cloud. If PA stabilize above the cloud will stack and trail. If I get stopped, my larger order is at the back of the cloud so not a big loss I'm sitting next to Andre the Giant and he keeps passing out and slammijg into me. Don't know how to politely tell him to drink some coffee
  • #10,951
  • Apr 11, 2012 8:43pm Apr 11, 2012 8:43pm
Quoting Saxon
"
The dollar may strengthen to 105 yen over the next couple of years, a level unseen since October 2008, Mizuho Corporate Bank Ltd. said, citing trading patterns.

The U.S. currency’s rise in February above the so-called cloud between the first and second leading span lines on the weekly Ichimoku chart signals the greenback is poised to advance further against its Japanese counterpart, according to Hiroyuki Tanaka , chief technical analyst at Mizuho in Tokyo . The dollar will climb to 85 yen, near the baseline of the monthly Ichimoku chart, Tanaka...
Key word is longer term, this could take quite some time. I have an order slightly above the high. Safe travels to you.
  • #10,952
  • Apr 12, 2012 5:49am Apr 12, 2012 5:49am
Twinsummit
Attached Image (click to enlarge)
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #10,953
  • Apr 12, 2012 9:45am Apr 12, 2012 9:45am
Quoting Chillypiper

Ps.. If your looking to sell AU You might want to look at the Loonie, she looks to be going for some stops and I'm looking to sell...But then I'm a buyer in OZ too..GL!.
Took some profit on AU here, with a bit a consern to the Weekly LTL ( just above price now)

Loonies looking OK too with all the bad data from the US and good GDP from China ( looking to be better than expected) I will carry these over the weekend for sure..GL!
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  • #10,954
  • Apr 13, 2012 12:43am Apr 13, 2012 12:43am
Quoting Chillypiper
Took some profit on AU here, with a bit a consern to the Weekly LTL ( just above price now)

Loonies looking OK too with all the bad data from the US and good GDP from China ( looking to be better than expected) I will carry these over the weekend for sure..GL!
Awesome trading Chilly, you got a nice stack going there ! Great trades !
  • #10,955
  • Edited 1:44pm Apr 13, 2012 12:13pm | Edited 1:44pm
Hi..
Quite often I am trying to find on my charts “the reason” price stopped & reversed at this point exactly, and sometimes I am stunned where and how the big-boys-traders draw their support and resistance lines.
Today I was scratching my head and wondering why the hell price rejected 50% Fibo, then 61.80 and respected much less important 76.40
When I took a bigger picture, much bigger, I noticed a confluence of 76 Fibo and support line coming up from January 13th,!!!

My goodness, it was 4 months ago, there was so many other levels to hang on to, but the market picked just this idiotic 76% level
Huh...just something that makes me laugh…

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Read Charts - Not Papers
  • #10,956
  • Apr 14, 2012 3:53pm Apr 14, 2012 3:53pm
Quoting halkins
Hi..
Quite often I am trying to find on my charts “the reason” price stopped & reversed at this point exactly, and sometimes I am stunned where and how the big-boys-traders draw their support and resistance lines.
Today I was scratching my head and wondering why the hell price rejected 50% Fibo, then 61.80 and respected much less important 76.40
When I took a bigger picture, much bigger, I noticed a confluence of 76 Fibo and support line coming up from January 13th,!!! ...
Very good point! I myself don't look at the big pic as part of my trading plan sometime, getting in a hurry, witch is wrong to say the least!

Check out the weekly bouce from 50% and 23.6 range swing of 6-6-2010 and 5-1-2011

We are right at 38.6...1.3056.8 in confluance with your LTL...
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  • #10,957
  • Apr 14, 2012 5:45pm Apr 14, 2012 5:45pm
I see some traders I respect here on FF, think we are going up here. But I'm not to sure tbh, I need to ponder a bit more. It seams were at an area of decision here in both GU and EU that have some strong areas of fib and TL confluence's to become the deciding factor Man, I still undecided on AU, witch I want to buy more at the 0335.....I may not make any new trades until we get a brake or bounce on the cable or fiber and I sound and fell a bit wishy washy. dang it.....

Any one see anything else here it would be apreaceated....

2 Daily charts/ two diff methods
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  • #10,958
  • Apr 14, 2012 5:55pm Apr 14, 2012 5:55pm
nice post chilly. what do you see in AUD/USD that makes you want to buy at 1.0335?

i saw an anlaysis the other night of a bullish view for AUD.....it may be lost but will try to find it.
  • #10,959
  • Apr 14, 2012 6:15pm Apr 14, 2012 6:15pm
Quoting roro53
nice post chilly. what do you see in AUD/USD that makes you want to buy at 1.0335?

i saw an anlaysis the other night of a bullish view for AUD.....it may be lost but will try to find it.
Hey Roro, Maken me work..haha... A few things... 61.8 fib of CHY/ GDP mis-data spike.. DS1 same area...Change in supply and demand @ spike on 4/10 zone and also the pole @ 4/12 ( taken from 30m chart)......I'd show ya a chart but to messy right now..GL!
  • #10,960
  • Apr 14, 2012 7:00pm Apr 14, 2012 7:00pm
Quoting Chillypiper
I see some traders I respect here on FF, think we are going up here. But I'm not to sure tbh, I need to ponder a bit more. It seams were at an area of decision here in both GU and EU that have some strong areas of fib and TL confluence's to become the deciding factor Man, I still undecided on AU, witch I want to buy more at the 0335.....I may not make any new trades until we get a brake or bounce on the cable or fiber and I sound and fell a bit wishy washy. dang it.....

Any one see anything else here it would be apreaceated....

2 Daily charts/...
Hi Chilly,
Here are my charts for Au, EU and GU. I agree with you that the market is undecided. I have been watching S&P for a while and in many of my previous posts I have mentioned that I expect a huge pull back when the price hits median fork line in the chart. I Calculated the time to be around 15th May or so. If this continues then all EDU, AU, and GU should break the supports they are facing which is more like what I think. 1.55 for GU, 1.25 for EU and parity for AU are levels that I am expecting. For the moment I am not holding any trades. Will wait for breach for confirmation. Good Luck
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