Attachments: GBP/USD and EUR/USD

GBP/USD and EUR/USD

#841
Apr 27, 2012 7:04am Apr 27, 2012 7:04am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

CABLE touch the Highest Price @ 1.6235 in H1 Chart.

Found Gartley Bearish... Retrice coming

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Always looking the GREAT, never left GOOD Point...

#842
Apr 27, 2012 7:47am Apr 27, 2012 7:47am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

EURO touch the Highest Price @ 1.3267 in H1 Chart.

As Fibo R2 in Camarilla... DOWNward coming :nerd:

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Always looking the GREAT, never left GOOD Point...

#843
Apr 27, 2012 8:18am Apr 27, 2012 8:18am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting Tsar

Disliked

CABLE touch the Highest Price @ 1.6235 in H1 Chart.

Found Gartley Bearish... Retrice coming

Ignored

More... the Climax Price @ 1.6258

This FRIDAY really CRAZY Market's !

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Always looking the GREAT, never left GOOD Point...

#844
Apr 27, 2012 8:32am Apr 27, 2012 8:32am

FXMindset
| Membership Revoked | Joined Aug 2011 | 7,263 Posts

your butterfly is broken

If there was easy money lying around,no one would be forcing it into your

#845
Apr 27, 2012 8:43am Apr 27, 2012 8:43am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting FXMindset

Disliked

your butterfly is broken

Ignored

Yup... B'cause too Strongest BULLISH. She need more BIG Grows

The Last One is Accurate, Bro

Always looking the GREAT, never left GOOD Point...

#846
Apr 27, 2012 8:47am Apr 27, 2012 8:47am

FXMindset
| Membership Revoked | Joined Aug 2011 | 7,263 Posts

Quoting Tsar

Disliked

Yup... B'cause too Strongest BULLISH. She need more BIG Grows

The Last One is Accurate, Bro

Ignored

try look on daily and draw,you might know where EU and GU heading ( Hint )

If there was easy money lying around,no one would be forcing it into your

#847
Apr 28, 2012 3:31am Apr 28, 2012 3:31am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Levels update and analysis

Resistance clusters: around 3250 and 3275-3300

Support clusters: around 3175 - 3200 and 3100-3125 and 3050-3075

Last defense for bears: 3375-3425

Last defense for bulls: 3050-3075

Murrey Math and Momentum analysis:

Sunday at opening a move toward 3210 to 3229 is expected.

When this level, especially 3184 subsequently holds, I expect a move towards the 3275 to 3290 level again, with extension even to 3306, extreme 3321.

I favor 3290 to 3306.

After that a drop should occur towards the 3184 level with 3062 looming. This drop may be the game plan for Tuesday.

When 3184 after the initial drop on Sunday does not hold, watch closely 3153. If that gives way, expect a direct drop towards the 3092 zone, in case of extension 3071 to 3062.

Longs between 3210 and 3225 should offer good R:R

Shorts between 3290 and 3306 should offer good R:R

Judgement of Elliott wave:

the move up since the low at 2994 seems to be corrective in its waves and their subwaves. Trying to count this as some kind of leading diagonal up, or a series of 1-2's seems to be against probability (and to a certain extent far streched). So my believe is, that we might see soon the end of this bullish move. Maximum upside I can imagine is 3367 to 3427, but at this point it seem to be a bit far stretched.

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#848
Apr 28, 2012 4:34am Apr 28, 2012 4:34am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Good reading:

http://www.zerohedge.com/news/why-eu...-700bn-fed-qe3

Why The Euro Is So Strong, Or Why The Market Expects $700bn Of Fed QE3

#849
Apr 28, 2012 4:37am Apr 28, 2012 4:37am

FXMindset
| Membership Revoked | Joined Aug 2011 | 7,263 Posts

Quoting infinitus

Disliked

Levels update and analysis

Resistance clusters: around 3250 and 3275-3300

Support clusters: around 3175 - 3200 and 3100-3125 and 3050-3075

Last defense for bears: 3375-3425

Last defense for bulls: 3050-3075

Murrey Math and Momentum analysis:

Sunday at opening a move toward 3210 to 3229 is expected.

When this level, especially 3184 subsequently holds, I expect a move towards the 3275 to 3290 level again, with extension even to 3306, extreme 3321.

I favor 3290 to 3306.

After that a drop should occur...

Ignored

Dear Sir Infinitus

Truly amazing your Trading Proposal,I am need learn more with you sir

If there was easy money lying around,no one would be forcing it into your

#850
Apr 28, 2012 4:51am Apr 28, 2012 4:51am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting FXMindset

Disliked

Dear Sir Infinitus

Truly amazing your Trading Proposal,I am need learn more with you sir

Ignored

Hi Mindset,

wish you a nice weekend and a profitable start in the next week.......

#851
Apr 28, 2012 4:52am Apr 28, 2012 4:52am

FXMindset
| Membership Revoked | Joined Aug 2011 | 7,263 Posts

Quoting infinitus

Disliked

Hi Mindset,

wish you a nice weekend and a profitable start in the next week.......

Ignored

yeah bro

( Seem you are young also

)
have skype mate ? we might chat

If there was easy money lying around,no one would be forcing it into your

#852
Apr 28, 2012 8:53am Apr 28, 2012 8:53am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting FXMindset

Disliked

yeah bro ( Seem you are young also )
have skype mate ? we might chat

Ignored

Hi FXMindset,

sorry, not able to use skype (or use messenger etc.) due to security reasons/policy.

Have to do it old fashioned via FF mail or private mail.......

#853
Apr 28, 2012 11:42am Apr 28, 2012 11:42am

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

I have not analyzed GBPUSD a long time now. When I have time tomorrow I give it a detailed try.

Elliott wave wise it looks as GBPUSD is consolidating in the form of a triangle since the low at 3501. If true, then this triangle is in its late stages - wave E is unfolding.

This wave E may terminate soon. If we have not seen the top already, it may try to manage to get to 6357-6419, in case of extension 6602

CCI 14 on weekly TF is at 236, but RSI 14 is "only" at 64. Would like to see it touch 70.

CCI 14 on daily is at 116 with bearish divergence, RSI 14 is at 73

On 4h TF we see a nice bearish divergence on Awesome oscillator, but on CCI 14 we do not see a clear divergence yet, same RSI 14.

But that is the problem with corrective moves: they oftentimes carry the most momentum in their last waves, so not producing everytime a nice divergence.

I think that prices above 63xx offer good R:R for a short, very good R:R above 6357

I would propose a strategy, where you try to establish a few positions along the way up (that is my style - sell the resistance than rather wait for confirmation.

Since I think that chances are high for EURUSD to make a new high on Monday, GBPUSD should follow.

Watch Stock markets closely on Monday.

Maybe it is even wise to establish a first small position around 628x

Hope that helps. But keep in mind: such corrective moves can surprise us longer than we do like it LOL So take care about your money management

#854
Apr 28, 2012 12:13pm Apr 28, 2012 12:13pm

FXMindset
| Membership Revoked | Joined Aug 2011 | 7,263 Posts

Quoting infinitus

Disliked

I have not analyzed GBPUSD a long time now. When I have time tomorrow I give it a detailed try.

Elliott wave wise it looks as GBPUSD is consolidating in the form of a triangle since the low at 3501. If true, then this triangle is in its late stages - wave E is unfolding.

This wave E may terminate soon. If we have not seen the top already, it may try to manage to get to 6357-6419, in case of extension 6602

CCI 14 on weekly TF is at 236, but RSI 14 is "only" at 64. Would like to see it touch 70.

CCI 14 on daily is at 116 with bearish divergence,...

Ignored

absolutelly agreed bro
may you help me check the USDJPY also,the daily seem form falling wedge ?
based on each pairs formation,USD seems like jump higher for next month,I am not sure..but thats my technical outlook

would appreciate your view

Thanks

If there was easy money lying around,no one would be forcing it into your

#855
Apr 28, 2012 4:38pm Apr 28, 2012 4:38pm

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting FXMindset

Disliked

absolutelly agreed bro
may you help me check the USDJPY also,the daily seem form falling wedge ?
based on each pairs formation,USD seems like jump higher for next month,I am not sure..but thats my technical outlook

would appreciate your view

Thanks

Ignored

Hi Mindset,

see here for my long term EW count http://www.forexfactory.com/attachme...5&d=1325854372

It is a few weeks old. Since then the pair has broken the upper trend line of the ending diagonal. So I assume, that we have ended the long term downtrend and are now on the way up.

The upmove seems to be in the subwave 4 (down) of the first impulsive wave (up).

This subwave 4 has now nearly retraced 50% of the preceding wave 3 (up).

We do not know, if this is all of the wave 4, or if a more complex pattern may evolve.

Momentum wise we can see, that the move down of this wave 4 is now a bit stretched. We see nice bullish divergences at H4, H1 and M15 on CCI 14.

Murrey Math favors a move up now on daily and H4

H1 and M15 may run a bit more lower.

I think that price will run in heavy resistance now. Maybe we will reach 80.08, extended move to 79.69

Break of 79.52 will invalidate the count. Then we likely have to count a 1-2, 1-2 move

But anyway: in my opinion next major move is up.

In case this wave down is only part of a broader correction, upside should be limited to 82.81 to 83.59

Good R:R for a long position between 80.26 and 80.08

Below 80.08 we have the danger of an octave jump on H4 and D1 which would give way for some more downside.

So watch momentum over the next trading hours closely

#856
Apr 28, 2012 11:10pm Apr 28, 2012 11:10pm

FXMindset
| Membership Revoked | Joined Aug 2011 | 7,263 Posts

Quoting infinitus

Disliked

Hi Mindset,

see here for my long term EW count http://www.forexfactory.com/attachme...5&d=1325854372

It is a few weeks old. Since then the pair has broken the upper trend line of the ending diagonal. So I assume, that we have ended the long term downtrend and are now on the way up.

The upmove seems to be in the subwave 4 (down) of the first impulsive wave (up).

This subwave 4 has now nearly retraced 50% of the preceding...

Ignored