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Nearly Naked (Simple Trades)

  • #11,601
  • Feb 26, 2013 8:16pm Feb 26, 2013 8:16pm
Quoting amyc
EU 4hr

The next move should be back to touch the green highs (around 1.3300), after that it should be easy enough to determine whether price will remain bullish or turn bearish by looking at the monthly close.
Hi, Amy

Is there any condition for price to reach back to the other end of the range of a certain timeframe? According to my calculation, Cable has not gone back to the the other side of 3-w range since the new year, actually didn't even really cross the midpoint. Aussie also has past history that it stayed on one side of the 3-w midpoint for a long stretch of time. Is there any reason that you are looking for the other side of the range to complete the pattern? Thank you.

On Euro, the full halfway back at around 1.2880 or 1.29 zone seems to be an area that many are eyeing on, and a potential of repeat of 2010 pattern. Whether the low is here or another 100 pips down, I would favour a bigger and decent retrace, possibly starting from March.
  • #11,602
  • Feb 26, 2013 8:57pm Feb 26, 2013 8:57pm
Quoting Oshawa
Hi, Amy

Is there any condition for price to reach back to the other end of the range of a certain timeframe? According to my calculation, Cable has not gone back to the the other side of 3-w range since the new year, actually didn't even really cross the midpoint. Aussie also has past history that it stayed on one side of the 3-w midpoint for a long stretch of time. Is there any reason that you are looking for the other side of the range to complete the pattern? Thank you.

On Euro, the full halfway back at around 1.2880 or 1.29 zone seems to...
For the aussie it depends on whether it is in a bullish or bearish cycle, a bullish cycle will only touch 3wl at the beginning and end of a cycle, in a bearish one it will move back to 3wh in the middle of the cycle.
As for cable I really don't know, I have not worked out the shorter timeframes for that pair, at the moment i on;y look at the very longterm.

In eu if the low is another 100 pips down i wouldn't really care, i am positioning myself for a potential longterm move.
  • #11,603
  • Feb 27, 2013 12:47am Feb 27, 2013 12:47am
Quoting amyc
EU 160 pip range bars

If there is any bullishness left in the euro for 2013 then this level is a good probability buy.
Hi Amy,

Just wondering, what indicator are you using?
Know Your Trading Edge and Trade It
  • #11,604
  • Feb 27, 2013 3:41pm Feb 27, 2013 3:41pm
Quoting TradeYourEdg
Hi Amy,

Just wondering, what indicator are you using?
The range bar chart is a least square for the blue and the green levels are fibs
  • #11,605
  • Feb 27, 2013 7:30pm Feb 27, 2013 7:30pm
Quoting amyc
The range bar chart is a least square for the blue and the green levels are fibs
I'll have a look.. thanks for sharing
Know Your Trading Edge and Trade It
  • #11,606
  • Mar 2, 2013 10:01pm Mar 2, 2013 10:01pm
This is what I'm looking at

AUSUSD - potential long off the support
EURGBP - switching to short bias from here
CADCHF - long on the break and re-test of neckline around 0.921

feel free to feedback
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Know Your Trading Edge and Trade It
  • #11,607
  • Mar 6, 2013 8:17am Mar 6, 2013 8:17am
Guys

What's your take???
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  • #11,608
  • Mar 7, 2013 12:25pm Mar 7, 2013 12:25pm
EU giving pressure to Piv. Watching for any break and run to Fib
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  • #11,609
  • Mar 7, 2013 12:33pm Mar 7, 2013 12:33pm
Quoting Forexgogo
Guys

What's your take???
Not really one of the pairs on my radar too often, but I pulled it up to show you my Daily look.
Fibs drawn on two levels give two solid PPZs. Second fib creates a SR/Fib PPZ. 1.45"00" conf with MS1 as well. TLs not respected too much on this pair but give an idea of shifting sentiment. Wouldn't look sub daily on this pair as it seems to me to be more of a reactive pair and not a mover. Would rather get exposure to GBP and AUD separately through AU and GU. But that was my look.
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  • #11,610
  • Mar 7, 2013 12:54pm Mar 7, 2013 12:54pm
Quoting Saxon
EU giving pressure to Piv. Watching for any break and run to Fib
Broke
Looking for a close now above 1.31"00"/Piv
If so, expect it to go to ~1.3138 before next friction

EDIT: If you didn't get into this one on the break, might be a good entry if this one re-tests old resistance (Piv/1.31) before making the move north to Fib.
Attached Image (click to enlarge)
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  • #11,611
  • Mar 7, 2013 1:25pm Mar 7, 2013 1:25pm
Quoting Saxon
Not really one of the pairs on my radar too often, but I pulled it up to show you my Daily look.
Fibs drawn on two levels give two solid PPZs. Second fib creates a SR/Fib PPZ. 1.45"00" conf with MS1 as well. TLs not respected too much on this pair but give an idea of shifting sentiment. Wouldn't look sub daily on this pair as it seems to me to be more of a reactive pair and not a mover. Would rather get exposure to GBP and AUD separately through AU and GU. But that was my look.
Thank you for your great reading. I agree on 1.45. I think it's going to be a big friction at 1.45... We'll see.
  • #11,612
  • Mar 10, 2013 2:07pm Mar 10, 2013 2:07pm
Weekly's & Monthly's CHFJPY could be in favor for some Shorts.
100.85 yet, & again ~105/108.
  • #11,613
  • Mar 10, 2013 8:53pm Mar 10, 2013 8:53pm
Hope to find a short entry for GBPUSD
Attached Image (click to enlarge)
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Know Your Trading Edge and Trade It
  • #11,614
  • Mar 10, 2013 9:00pm Mar 10, 2013 9:00pm
Quoting Forexgogo
Guys

What's your take???
Not very clear in my view. No confirmation of long yet. In fact, based on PA, a short retracement should equate to a strong continuation?

Anyway, just my 2 cents.
Know Your Trading Edge and Trade It
  • #11,615
  • Mar 12, 2013 10:23am Mar 12, 2013 10:23am
Some of my ST trades on H1 AU. If PA moves up, will negate my setups and will have to reset. These are ST based on conf friction. Nice small stops with 2 RRR for TPs. TLs are annoying I know, but each of them (blue lines) are valid.
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  • #11,616
  • Mar 12, 2013 10:44am Mar 12, 2013 10:44am
Here's my EU technical look. Sorry for the crazy order lines. The ST orders you can make sense of on the H1 chart. Ignore the ST ones on the LT Daily chart. The Daily chart shows rays from LT high. Friction points are pretty obvious. ST trades are obviously smaller in size and LT trades are much larger. I think all the trades have at least RR of 2+. On my charts I really only use TLs/Rays for TPs, SL and support for conf zones. Again, sorry for the messy charts, but if you look close enough at them you will see what I'm up to. It is too much of a pain to delete orders and add them later just so I have a pretty chart ya know.
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  • #11,617
  • Mar 12, 2013 10:49am Mar 12, 2013 10:49am
FYI, I think EJ and UJ are in the cloud now so might keep an eye on those charts as well.
  • #11,618
  • Mar 12, 2013 11:05am Mar 12, 2013 11:05am
Quoting Saxon
Some of my ST trades on H1 AU. If PA moves up, will negate my setups and will have to reset. These are ST based on conf friction. Nice small stops with 2 RRR for TPs. TLs are annoying I know, but each of them (blue lines) are valid.
I'm watching AU as well as EURAUD, looking for an entry sign that is slightly different from yours...
Attached Image(s) (click to enlarge)
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  • #11,619
  • Mar 12, 2013 11:20am Mar 12, 2013 11:20am
I got a similar EA look as you. I got two friction points on the way south. My sentiment on this pair is changing
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  • #11,620
  • Mar 12, 2013 12:35pm Mar 12, 2013 12:35pm
Hi, my bias in EURAUD is neutral atm, though a confirmation close ( Daily ) below 1.2323 would have me looking for short
entries. A Daily close above 1.2873 Would have me looking for Long entries.

But maybe some consolidation around the 1.25 handle first ?
Attached Image(s) (click to enlarge)
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