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  • #101
  • Nov 16, 2012 5:08am Nov 16, 2012 5:08am
Socialism is bad for business:

http://i28.photobucket.com/albums/c2...e11/france.jpg
  • #102
  • Nov 25, 2012 11:45am Nov 25, 2012 11:45am
GBPUSD:

http://i28.photobucket.com/albums/c2...ntitled-19.jpg

Outlook: Look for reversal signs after GDP/BOE. The channel break upwards looks like a fake breakout unless the momentum gains significantly this week or it corrects lower to test 159.25-159.50 area and bounces back again from there. 161.30 is a key resistance.
  • #103
  • Nov 26, 2012 1:10am Nov 26, 2012 1:10am
Morning, charts looks really good, it needs a retracement and then up we goo



Quoting Purple
GBPUSD:

http://i28.photobucket.com/albums/c2...ntitled-19.jpg

Outlook: Look for reversal signs after GDP/BOE. The channel break upwards looks like a fake breakout unless the momentum gains significantly this week or it corrects lower to test 159.25-159.50 area and bounces back again from there. 161.30 is a key resistance.
Loosening is not an option
  • #104
  • Nov 30, 2012 2:24am Nov 30, 2012 2:24am
Quoting Purple
Attachment
ThankQ brother.
  • #105
  • Nov 30, 2012 5:35am Nov 30, 2012 5:35am
Quoting a16908
ThankQ brother.
Glad to help.. : )
  • #106
  • Dec 15, 2012 12:13am Dec 15, 2012 12:13am
Quoting Purple

My advice to traders would be to forget about the Euro Crisis for the time being, till November at the least, trade the ranges, uptrends, look to go long rather than short on the Fundamental side.
As I posted earlier in this thread, the crisis in EU looks increasingly resolved, atleast from the 'market' point of view. Euro is well supported and has broken several long term trendlines, consolidated after the break and is now poised to make new highs in first half of 2013. There is a triple bottom on monthly chart and there is no major resistance till 1.4550.

Continue to look on the long side, rather than short:

http://i28.photobucket.com/albums/c2...picture-12.png

Gold has been correcting after the recent bull run, a daily close below 1691 will take it to 1671 which is a good support and will mark full 61.8% retracement, I wont recommend going blindly long at that level, look for reversal signs in that area before taking any new long, its safer to play the retracement to 1671 from 1691 on daily close confirmation than to long at 1671.

Chart 1:
http://i28.photobucket.com/albums/c2...ntitled-20.png

Chart 2:
http://i28.photobucket.com/albums/c2...edpicture1.png
  • #107
  • Apr 18, 2013 7:30am Apr 18, 2013 7:30am
CABLE TA Outlook:

http://i28.photobucket.com/albums/c2...ps9e334bc1.png
  • #108
  • Apr 20, 2013 1:41am Apr 20, 2013 1:41am
Quoting Purple
CABLE TA Outlook: {image}

A followup to the above chart:

http://i28.photobucket.com/albums/c2...ps3f81f48c.png

Cable has nicely bounced lower from the higher trendline ... the lower rising trendline is a good resistance now, shorts below with SL on close above the rising trendline on 4HR basis is a good trade opportunity, for the more conservative traders a short near the rising TL is a good Risk to Reward trade, but it might not get there if we break 1.52.. Short term immediate target is 1.5050 .. Friday's close was very bearish with traders taking new sell positions rather than liquidating existing longs.
  • #109
  • Apr 20, 2013 1:36pm Apr 20, 2013 1:36pm
Is that a classic head and shoulders that's forming indicating a subsequent drop in price?
  • #110
  • Apr 20, 2013 1:45pm Apr 20, 2013 1:45pm
Quoting Roseman
Is that a classic head and shoulders that's forming indicating a subsequent drop in price?
Yes, its a close below the neckline of HnD pattern and a break, close below the rising channel which we had since mid March.
  • #111
  • Edited 7:28am Apr 23, 2013 7:09am | Edited 7:28am
Quoting Purple
{quote} A followup to the above chart: {image} Cable has nicely bounced lower from the higher trendline ... the lower rising trendline is a good resistance now, shorts below with SL on close above the rising trendline on 4HR basis is a good trade opportunity, for the more conservative traders a short near the rising TL is a good Risk to Reward trade, but it might not get there if we break 1.52.. Short term immediate target is 1.5050 .. Friday's close was very...
Just a quick follow up to the post above.. as pointed out Cable did bounced back from the rising trendline which proved a good resistance.. but it has failed to break 1.52 twice now since Monday open and I wont be surprised if we see it go to 1.5350 from here. Buying at dips is recommended with a SL at 1.5195.

http://i28.photobucket.com/albums/c2...ps0b24b508.jpg
  • #112
  • Apr 26, 2013 1:52am Apr 26, 2013 1:52am
Quoting Purple
{quote} Just a quick follow up to the post above.. as pointed out Cable did bounced back from the rising trendline which proved a good resistance.. but it has failed to break 1.52 twice now since Monday open and I wont be surprised if we see it go to 1.5350 from here. Buying at dips is recommended with a SL at 1.5195. {image}
A followup to the above post, as stated we have broken out of the Symmetrical Triangle in upward trend after the rejection and failure to break 1.52.. resistance from here is at 1.5530 and 1.5570, but this breakout has a target of 1.56

http://i28.photobucket.com/albums/c2...ps80cccecb.jpg
  • #113
  • Apr 27, 2013 4:14am Apr 27, 2013 4:14am
Quoting Purple
{quote} A followup to the above post, as stated we have broken out of the Symmetrical Triangle in upward trend after the rejection and failure to break 1.52.. resistance from here is at 1.5530 and 1.5570, but this breakout has a target of 1.56 {image}
My TA for coming week remains the same as above.. we have continued to remain in an upward channel as in the Daily chart. Look for supports near the rising trendline in 4HR chart above. My Daily chart for coming week is attached below:

http://i28.photobucket.com/albums/c2...ps12d73f7e.png
  • #114
  • Apr 27, 2013 11:34am Apr 27, 2013 11:34am
Nice stuff Purple
Enter Signature
  • #115
  • Apr 27, 2013 11:46pm Apr 27, 2013 11:46pm
Quoting danbo19
Nice stuff Purple
Thanks
  • #116
  • Apr 28, 2013 8:18am Apr 28, 2013 8:18am
this is so saddening to see, such a great trader with just 1 vouch , while few bull shiiters holds gazillion vouches.

clear example of how stupid this vouch system is.

keep it up purple, nice to see such great trader here.
been there done that, Good Bye
  • #117
  • Apr 30, 2013 1:49am Apr 30, 2013 1:49am
Quoting WhiteHorse
this is so saddening to see, such a great trader with just 1 vouch , while few bull shiiters holds gazillion vouches. clear example of how stupid this vouch system is. keep it up purple, nice to see such great trader here.
Thanks for your kind comments.. I Think the vouch system has more to do with post count than actual contribution..

Anyways.. back to my charts.. Here is the chart I have been watching for Euro... look for a break and close below 1.2950 for a good short opportunity .. There was a 'weak' hammer on weekly on last week's candle.. a failure of which can take it to 1.2750 quickly ..

http://i28.photobucket.com/albums/c2...ps41ae9114.jpg
  • #118
  • May 1, 2013 7:04am May 1, 2013 7:04am
Quoting Purple
{quote} Thanks for your kind comments.. I Think the vouch system has more to do with post count than actual contribution.. Anyways.. back to my charts.. Here is the chart I have been watching for Euro... look for a break and close below 1.2950 for a good short opportunity .. There was a 'weak' hammer on weekly on last week's candle.. a failure of which can take it to 1.2750 quickly .. {image}
A quick update to the above post, Euro has held that trendline impressively and has staged a strong bounce today in EU session. The stage is clear for bulls now and I would be looking to go long at dips.

Looking forward there is a strong resistance at 1.3330-50 area. But I wont be surprised to see Euro shoot upto 1.37 in coming months.

A break and close above 1.3350 is required for that and will it break that level or not (?) is what Fundamentals will decide at that point of time.

As for now I will stay out of shorts, and look to long at dips.

http://i28.photobucket.com/albums/c2...ps7d02bb90.jpg
  • #119
  • May 1, 2013 2:52pm May 1, 2013 2:52pm
Quoting Purple
A followup to the above post, as stated we have broken out of the Symmetrical Triangle in upward trend after the rejection and failure to break 1.52.. resistance from here is at 1.5530 and 1.5570, but this breakout has a target of 1.56
Target hit.
  • #120
  • May 1, 2013 3:33pm May 1, 2013 3:33pm
thanks for the gr8 analysis bro..

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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