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  • #1,441
  • Apr 27, 2012 10:52am Apr 27, 2012 10:52am
Quoting Balhana
Shorted AU at 1.0440.
Got out at BE. Didn't like price actions near my entry.
  • #1,442
  • Apr 27, 2012 11:20am Apr 27, 2012 11:20am
Quoting Balhana
EN is on my watchlist... AU Short?
Should have taken this trade rather than AU....
Attached Image (click to enlarge)
Click to Enlarge Name: EN 1H H&S (2).jpg Size: 105 KB
  • #1,443
  • Apr 29, 2012 8:34am Apr 29, 2012 8:34am
Quoting Balhana
Should have taken this trade rather than AU....
Why did I take the two trades, AU short and EN short, at the same time? The hourly correlation (http://www.forexticket.co.uk/en/tools/01-01-correlation) was -80.7, which means the two currencies moved in the opposite way at that time.
Attached Image (click to enlarge)
Click to Enlarge Name: EN AU Correlation.png Size: 83 KB
  • #1,444
  • Apr 29, 2012 10:02am Apr 29, 2012 10:02am
Strong uptrend. Should be careful!!
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H 0430.jpg Size: 106 KB
  • #1,445
  • Apr 30, 2012 4:21am Apr 30, 2012 4:21am
Shorted GU at 1.6275
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15M Short 0430.png Size: 15 KB
  • #1,446
  • Apr 30, 2012 4:41am Apr 30, 2012 4:41am
Buy limit order for UJ at 80....
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H 0430.png Size: 210 KB
  • #1,447
  • Apr 30, 2012 5:09am Apr 30, 2012 5:09am
Quoting Balhana
Shorted GU at 1.6275
I'm short too and am looking at the same thing.
  • #1,448
  • Apr 30, 2012 5:13am Apr 30, 2012 5:13am
Quoting lovejoy80
I'm short too and am looking at the same thing.
Glad to hear that. Some bounce from the small demand zone (6258ish) as expected. I hope the zone will be penetrated south for both of us.
  • #1,449
  • Apr 30, 2012 5:15am Apr 30, 2012 5:15am
Quoting Balhana
Glad to hear that. Some bounce from the small demand zone (6258ish) as expected. I hope the zone will be penetrated south for both of us.
Equities and USDx both look favourable for further USD gains IMO.
  • #1,450
  • Apr 30, 2012 5:39am Apr 30, 2012 5:39am
Quoting lovejoy80
Equities and USDx both look favourable for further USD gains IMO.
The reaction at this zone on USDx is now key for me.... don't expect it to just cut through it but looking for previous sr zone to act as support. It coincides with GU being at the daily 1.6255 SR and LTF demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx-15min.gif Size: 18 KB
  • #1,451
  • Apr 30, 2012 6:01am Apr 30, 2012 6:01am
Quoting lovejoy80
The reaction at this zone on USDx is now key for me.... don't expect it to just cut through it but looking for previous sr zone to act as support. It coincides with GU being at the daily 1.6255 SR and LTF demand zone.
I agree with you about DX, but DX is quite dependant on euro behavior rather than pound (as far as I know, euro is 57.6% of DX and pound is just 11.9%). I hope GU will go its own way south wherever DX/EU goes.
  • #1,452
  • Apr 30, 2012 6:08am Apr 30, 2012 6:08am
A great example of compression and demand consumption leading into a supply zone...
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD-5min CP.png Size: 15 KB
  • #1,453
  • Apr 30, 2012 6:22am Apr 30, 2012 6:22am
Quoting Balhana
I agree with you about DX, but DX is quite dependant on euro behavior rather than pound (as far as I know, euro is 57.6% of DX and pound is just 11.9%). I hope GU will go its own way south wherever DX/EU goes.
Yeah I was more using it as a case of USD strength...if USDx rises, EU falls and other USD pairs tend to follow etc.

the demand zone held on GU, now watching the reaction @ 6270's
  • #1,454
  • Apr 30, 2012 7:05am Apr 30, 2012 7:05am
Quoting lovejoy80
Yeah I was more using it as a case of USD strength...if USDx rises, EU falls and other USD pairs tend to follow etc.

the demand zone held on GU, now watching the reaction @ 6270's
Held as resistance, now GU is back at the demand zone again. YM 4HR BEOB has gone to FLS and EP is at 1394s' support...watching closely now.
Attached Image (click to enlarge)
Click to Enlarge Name: ym.gif Size: 19 KB
  • #1,455
  • Apr 30, 2012 7:34am Apr 30, 2012 7:34am
Quoting lovejoy80
Held as resistance, now GU is back at the demand zone again. YM 4HR BEOB has gone to FLS and EP is at 1394s' support...watching closely now.
Closed 1/2 at 1.6235 (+40 pips) and moved SL to BE+1.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15M Update.png Size: 13 KB
  • #1,456
  • Apr 30, 2012 7:48am Apr 30, 2012 7:48am
Quoting Balhana
Buy limit order for UJ at 80....
Let me go with you, UJ!
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 15M Update.png Size: 45 KB
  • #1,457
  • Apr 30, 2012 8:11am Apr 30, 2012 8:11am
I use a gap just as S/R.

LJ, do you think the gap after CAD GDP will be filled soon? If so, how would you trade this pair now?
Attached Image (click to enlarge)
Click to Enlarge Name: UC 15M Gap.png Size: 14 KB
  • #1,458
  • Apr 30, 2012 9:07am Apr 30, 2012 9:07am
Quoting Balhana
Closed 1/2 at 1.6235 (+40 pips) and moved SL to BE+1.
I did exactly the same
  • #1,459
  • Apr 30, 2012 9:08am Apr 30, 2012 9:08am
Quoting Balhana
Let me go with you, UJ!
It might well bounce here, but I'm hoping for a move lower to 79.20
  • #1,460
  • Apr 30, 2012 9:10am Apr 30, 2012 9:10am
Quoting Balhana
I use a gap just as S/R.

LJ, do you think the gap after CAD GDP will be filled soon? If so, how would you trade this pair now?
The gap is a result of your price feed i.e. it's broker dependant so they are of no interest to me.

Liquidity gaps are a different matter and these are often caused by violent news based moves - these do tend to get 'filled' , but it's not something I really based my trading around.
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