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  • #141
  • Jun 27, 2012 2:19pm Jun 27, 2012 2:19pm
Quoting jezek5
Well done mate.
I'm just getting a bit of a "not liking the Dollar" feeling,think
it might just be me,time will tell,i'm flat,scalped a bit short and long earlier,
nothing of any note though.
I wonder where MYK is,i hope he's ok and doesn't mind
me posting so much in his thread,i get bored sometimes
and get a bit carried away with the amount of posts i post,
its good to come back a month or so later and read them,
see if i can still make sense of what i was saying at the time.
I know Myk been gone for a while and i guess busy doing his business.
is it ok if i post some charts and tell me if you see anything worth looking at?
I see the trends but have a hard time pulling the trigger, except for eu.
Wooooohooooo or Boooooohooooo
  • #142
  • Jun 27, 2012 2:29pm Jun 27, 2012 2:29pm
Quoting gnomoneey
I know Myk been gone for a while and i guess busy doing his business.
is it ok if i post some charts and tell me if you see anything worth looking at?
I see the trends but have a hard time pulling the trigger, except for eu.

Yes mate,post them up,i'll have a look,i love charts.
You can remain irrational longer than you can remain solvent.
  • #143
  • Jun 27, 2012 2:51pm Jun 27, 2012 2:51pm
Quoting jezek5
Yes mate,post them up,i'll have a look,i love charts.
look at audnzd weekly
a downtrend at the moment still intact to 1.2516(4.08.2012)?
first support is 1.2629(11.14.2010)
with current ranging at from todays high of 1.2769 and low of 1.2672 (5.26.2012 8:00 gmt)
and currently 50% fib.
I think we will bounce off this 50% now and take it to at least 1.273x. anything above that 6hrs from now will keep going higher but otherwise will hit resistance?
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdw12.gif Size: 27 KB
Wooooohooooo or Boooooohooooo
  • #144
  • Jun 27, 2012 3:29pm Jun 27, 2012 3:29pm
Quoting gnomoneey
look at audnzd weekly
a downtrend at the moment still intact to 1.2516(4.08.2012)?
first support is 1.2629(11.14.2010)
with current ranging at from todays high of 1.2769 and low of 1.2672 (5.26.2012 8:00 gmt)
and currently 50% fib.
I think we will bounce off this 50% now and take it to at least 1.273x. anything above that 6hrs from now will keep going higher but otherwise will hit resistance?

I've never traded this before but price action is price action.
Daily-2770 is the 50% pullback,i would base any trades with that level
in mind,if you look back to the right you can see that this level has had
a lot of action in the recent past.
In the weekly chart you can see that this thing is coiling up into a wedge,
when that breaks there could be a real nice longer term trade.
I would not be surprised to see the weekly spring up to close at that 2770
level.
Also take a look at the monthly,we're at the bottom of a long term rising
channel,i think i'd be playing the long side more than the short but please
don't take this as any sort of trade recommendation
Attached Image(s) (click to enlarge)
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You can remain irrational longer than you can remain solvent.
  • #145
  • Jun 27, 2012 3:41pm Jun 27, 2012 3:41pm
Quoting jezek5
I've never traded this before but price action is price action.
Daily-2770 is the 50% pullback,i would base any trades with that level
in mind,if you look back to the right you can see that this level has had
a lot of action in the recent past.
In the weekly chart you can see that this thing is coiling up into a wedge,
when that breaks there could be a real nice longer term trade.
I would not be surprised to see the weekly spring up to close at that 2770
level.
Also take a look at the monthly,we're at the bottom of a long term rising
channel,i think...
thanks
just wondering if i am reading this right....
that's what i'm looking at also
for me to take long scalp it has to clear 38 fib. and minding the resistance of 2770
short it has to clear 61% fib.
i'm still new at this and want to play safe
also the wedge is getting smaller and a breakout is soon to occur?

next chart is gu....thanks sir for your patience and insight
Wooooohooooo or Boooooohooooo
  • #146
  • Jun 27, 2012 3:52pm Jun 27, 2012 3:52pm
Quoting gnomoneey
thanks
just wondering if i am reading this right....
that's what i'm looking at also
for me to take long scalp it has to clear 38 fib. and minding the resistance of 2770
short it has to clear 61% fib.
i'm still new at this and want to play safe
also the wedge is getting smaller and a breakout is soon to occur?

next chart is gu....thanks sir for your patience and insight
Blimey..don't call me "sir".
Packing in for tonight,will catch you tomorrow,good trading to you.
Will look at GU then.
You can remain irrational longer than you can remain solvent.
  • #147
  • Jun 27, 2012 3:53pm Jun 27, 2012 3:53pm
Quoting jezek5
Blimey..don't call me "sir".
Packing in for tonight,will catch you tomorrow,good trading to you.
Will look at GU then.
thanks Jezek5....sleep well...good trading to everyone
Wooooohooooo or Boooooohooooo
  • #148
  • Jun 27, 2012 4:19pm Jun 27, 2012 4:19pm
Daily
maybe a bullish engulfing candle being formed..
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Wooooohooooo or Boooooohooooo
  • #149
  • Jun 28, 2012 2:45am Jun 28, 2012 2:45am
Quoting jezek5
2440 is starting to look like it might hold this down move,
we couldn't push lower today and the 4 hr close is higher than
the last push down,a test of 2525 might be coming.

2525 done.
Attached Image (click to enlarge)
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You can remain irrational longer than you can remain solvent.
  • #150
  • Jun 28, 2012 3:00am Jun 28, 2012 3:00am
Quoting gnomoneey
Daily
maybe a bullish engulfing candle being formed..
Hi Gno,that bar was a bit bearish,i really can't see where this is going,
it might be rolling over,a break of 5550 would mean it could go lower
i think but again this is something i don't trade.
Attached Image (click to enlarge)
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You can remain irrational longer than you can remain solvent.
  • #151
  • Jun 28, 2012 3:04am Jun 28, 2012 3:04am
Quoting jezek5
2525 done.
how far down are we going with this eu?
Wooooohooooo or Boooooohooooo
  • #152
  • Jun 28, 2012 3:09am Jun 28, 2012 3:09am
Quoting gnomoneey
how far down are we going with this eu?
Who knows for sure,the original target of 2400 is in sight,
maybe a bit lower,i wanted to see how strong 2525 was,
i think i got my answer over the last 3 hours,i got a good chunk
of that move down just got a small runner left,done for the day i think.
You can remain irrational longer than you can remain solvent.
  • #153
  • Jun 28, 2012 3:13am Jun 28, 2012 3:13am
Quoting jezek5
Who knows for sure,the original target of 2400 is in sight,
maybe a bit lower,i wanted to see how strong 2525 was,
i think i got my answer over the last 3 hours,i got a good chunk
of that move down just got a small runner left,done for the day i think.
good job
left my 2456 short and woke up seeing the up and down to 2484 so i left it aloneuntil 2430....
Wooooohooooo or Boooooohooooo
  • #154
  • Jun 28, 2012 3:20am Jun 28, 2012 3:20am
Quoting gnomoneey
good job
left my 2456 short and woke up seeing the up and down to 2484 so i left it aloneuntil 2430....

Nice one,you need to keep an eye on your risk though,
you risked 70 to make 26,don't want to get on you but
over the long run that could really hurt you mate.
Glad you made money.
You can remain irrational longer than you can remain solvent.
  • #155
  • Jun 28, 2012 8:36pm Jun 28, 2012 8:36pm
Quoting jezek5
Nice one,you need to keep an eye on your risk though,
you risked 70 to make 26,don't want to get on you but
over the long run that could really hurt you mate.
Glad you made money.
here's my go at usd/cad daily

broke todays resistance of 1.0316 area and closed above it...
looking at 1.0446 as next resistance of the rising channel
news for cad is gdp and usd consumer sentiment
i'm debating of entering if the 4h closes above 1.0320, slightly above previous resistance now new support.
enter long 1.0320 sl 1.0294 tp 1.0440
what's your thought on this?
thanks,
G
Attached Image (click to enlarge)
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Wooooohooooo or Boooooohooooo
  • #156
  • Edited 9:37pm Jun 28, 2012 8:55pm | Edited 9:37pm
Quoting gnomoneey
look at audnzd weekly
a downtrend at the moment still intact to 1.2516(4.08.2012)?
first support is 1.2629(11.14.2010)
with current ranging at from todays high of 1.2769 and low of 1.2672 (5.26.2012 8:00 gmt)
and currently 50% fib.
I think we will bounce off this 50% now and take it to at least 1.273x. anything above that 6hrs from now will keep going higher but otherwise will hit resistance?
update it is going towards 1.2769....
with next resistance at 1.28 ....top of downward channel
also a very complete inverse h&s....bullish? i think very bullish
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh41.gif Size: 28 KB
Wooooohooooo or Boooooohooooo
  • #157
  • Jun 29, 2012 6:24am Jun 29, 2012 6:24am
Quoting jezek5
I'm starting to feel a little bearish towards the Dollar,
watching this closely.
This pattern played out nicely.
Before and after.
End of month flows and summit means i'm done for the week.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: p2.gif Size: 18 KB
You can remain irrational longer than you can remain solvent.
  • #158
  • Jul 2, 2012 6:04pm Jul 2, 2012 6:04pm
Quoting gnomoneey
here's my go at usd/cad daily

broke todays resistance of 1.0316 area and closed above it...
looking at 1.0446 as next resistance of the rising channel
news for cad is gdp and usd consumer sentiment
i'm debating of entering if the 4h closes above 1.0320, slightly above previous resistance now new support.
enter long 1.0320 sl 1.0294 tp 1.0440
what's your thought on this?
thanks,
G
Hi Gno,sorry its taken me so long to reply.
Looking at the weekly it looks a bit bearish to me,
last weeks bar closed right on the low and was as good
as a bearish engulfing bar,i might be wrong but i see this going lower.
First target would be 1.0100 and see how it reacts at that level.
Attached Image (click to enlarge)
Click to Enlarge Name: p5.gif Size: 23 KB
You can remain irrational longer than you can remain solvent.
  • #159
  • Jul 2, 2012 6:11pm Jul 2, 2012 6:11pm
Looking for 82.00 to cap the up move.
Attached Image (click to enlarge)
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You can remain irrational longer than you can remain solvent.
  • #160
  • Jul 3, 2012 7:50am Jul 3, 2012 7:50am
Quoting jezek5
Looking for 82.00 to cap the up move.
So here we are at 82.00,truth be told
when i wrote about 82.00 capping it i thought
we wouldn't even get that high but here we are,
lets see what kind of reaction we get.
Attached Image (click to enlarge)
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You can remain irrational longer than you can remain solvent.
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