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  • #14,321
  • Jul 12, 2012 3:29am Jul 12, 2012 3:29am
GBP/USD You can see on the chart why is on distribution.
Up bars and the next down
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 20 KB
  • #14,322
  • Jul 12, 2012 3:41am Jul 12, 2012 3:41am
Quoting Siam
Morning,

Have another zone of interest here, especially when you take a look at the monthly. Loads of big levels on numerous pairs coming up.
Nice chart, dammit. People will think I've been copying you. Here's my version: posted at least 7 hour after you.
Gone to a better place
  • #14,323
  • Jul 15, 2012 8:52pm Jul 15, 2012 8:52pm
Quoting smikester
Nice chart, dammit. People will think I've been copying you. Here's my version: posted at least 7 hour after you.
Hi,

What's your take on this pair at the moment? We seem to have a spinning top formed on the weekly which is a sign of indecision.

The sit back and wait approach, is the order of the day I think for now.
  • #14,324
  • Jul 23, 2012 11:44pm Jul 23, 2012 11:44pm
1.3045 sell limit order pending.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdsell1.gif Size: 27 KB
  • #14,325
  • Jul 24, 2012 12:54am Jul 24, 2012 12:54am
Buy pending at 76.700, though the previous bounce was suppose to be the one I should have taken, but guess eyes are not yet that trained.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpybuy1.gif Size: 22 KB
  • #14,326
  • Jul 24, 2012 1:03am Jul 24, 2012 1:03am
No nearby S/R.
Wanted to take sell with tight stop at the arrow ( well have to depend upon trend-line here with such a continuous fall of this pair ) but missed it, was sleeping.
Guess this is more then full time job.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud3.gif Size: 15 KB
  • #14,327
  • Jul 24, 2012 2:37am Jul 24, 2012 2:37am
Support turned resistance at around 1.2350, coinciding with diagonal trend line, lower trend line for TP purpose.
Aiming 50 pip move.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadsell4.gif Size: 21 KB
  • #14,328
  • Jul 24, 2012 8:08am Jul 24, 2012 8:08am
Quoting devgtx460
Support turned resistance at around 1.2350, coinciding with diagonal trend line, lower trend line for TP purpose.
Aiming 50 pip move.
i did not put TP correctly and missed 50 pip target, price retraced to closed it at 45 pips :-D
  • #14,329
  • Jul 24, 2012 9:17am Jul 24, 2012 9:17am
Quoting devgtx460
Buy pending at 76.700, though the previous bounce was suppose to be the one I should have taken, but guess eyes are not yet that trained.
This one moved 30 pips in +ve before retracing and breaking even
  • #14,330
  • Jul 25, 2012 2:59am Jul 25, 2012 2:59am
Quoting devgtx460
1.3045 sell limit order pending.

20 pip stop loss hit, i have gone short again at higher level resistance at 1.3060, from the history this area ( around it ) has acted as support previously and now resistance.
Trade Balance has published good figures so lets say if the pair goes down.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd_s_1.3063.gif Size: 28 KB
  • #14,331
  • Jul 25, 2012 3:15am Jul 25, 2012 3:15am
SL 20 Pips, TP 40-50 Pips, no real idea about TP but SL is above support turned resistance at around 1.2350.

Lets see how it goes.

Any comment agreement/disagreement is welcomed.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_s_p_1.2345.gif Size: 19 KB
  • #14,332
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
Quoting devgtx460
SL 20 Pips, TP 40-50 Pips, no real idea about TP but SL is above support turned resistance at around 1.2350.

Lets see how it goes.

Any comment agreement/disagreement is welcomed.

Regards.
Lets see how it goes from here.
  • #14,333
  • Jul 25, 2012 3:28am Jul 25, 2012 3:28am
Looks like in range and meeting heavy support ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.gif Size: 32 KB
  • #14,334
  • Jul 25, 2012 3:29am Jul 25, 2012 3:29am
Quoting devgtx460
Looks like in range and meeting heavy support ?
Where should one enter here ?
Let the range be broken and enter at the end of retrace ?
  • #14,335
  • Jul 25, 2012 4:01am Jul 25, 2012 4:01am
Quoting devgtx460
SL 20 Pips, TP 40-50 Pips, no real idea about TP but SL is above support turned resistance at around 1.2350.

Lets see how it goes.

Any comment agreement/disagreement is welcomed.

Regards.
Lost 20 pips :-)
  • #14,336
  • Jul 25, 2012 4:08am Jul 25, 2012 4:08am
Here is again a pending sell.
My min. ration of reward/risk is 2:1.
Since i have gone ahead with further pending sell, am i retaliating or charts posing a valid entry ?

Let see :-)

Edit: Btw GBP GDP prelim news was bad for GBP and i think it affected this pair as well, don know how ?correlation ?
They seem to have a little positively correlated.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcadpsa.gif Size: 19 KB
  • #14,337
  • Jul 25, 2012 12:54pm Jul 25, 2012 12:54pm
Quoting devgtx460
Here is again a pending sell.
My min. ration of reward/risk is 2:1.
Since i have gone ahead with further pending sell, am i retaliating or charts posing a valid entry ?

Let see :-)

Edit: Btw GBP GDP prelim news was bad for GBP and i think it affected this pair as well, don know how ?correlation ?
They seem to have a little positively correlated.
41 pips nailed, risked 20 pips on it.
  • #14,338
  • Jul 25, 2012 8:13pm Jul 25, 2012 8:13pm
Morning,

Have a pending long order for Cad/Jpy if it makes it down to the 76.00 area. Hopefully be able to run it up towards 77.00 where it pretty much stalled yesterday.

This is an interesting pair of late, and any significant close above the 77.00 mark and I'll be looking for longs after a re-test.
Attached Image (click to enlarge)
Click to Enlarge Name: cad jpy.gif Size: 17 KB
  • #14,339
  • Jul 26, 2012 2:32am Jul 26, 2012 2:32am
Quoting devgtx460
Looks like in range and meeting heavy support ?
Heavy support or not, it was broken fast by yesterdays news.
News is indeed a powerful buster.
  • #14,340
  • Jul 26, 2012 2:49am Jul 26, 2012 2:49am
sell at top red line or green line ?
I am inclined towards green line as this is also close to trend line.
I not much sure about this trade as in where should i take sell, i guess i will take at green first then top red line.
Attached Image (click to enlarge)
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