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  • #16,281
  • Mar 19, 2013 6:54pm Mar 19, 2013 6:54pm
AUDNZD week 12 20 Mar update:

This pair still sideway for 2 days.
Tomorrow is kiwi' GDP q/q.
So you expect some movement anytime soon.
If you know the reasons for the recent weeks rally, you will know whether this has changed.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 12 H4 view 20-3-2013 9-39-07 AM.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,282
  • Mar 20, 2013 1:24am Mar 20, 2013 1:24am
Hi Guys!!

First time for me here.

What do you think about this setup? EURAUD

I think a nice cross TDI with divergence, but could be only a retracement. Long term trend is down.

Sorry for my poor english.

Have a good day!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.JPG Size: 212 KB
  • #16,283
  • Mar 20, 2013 2:03am Mar 20, 2013 2:03am
Hi Guys,

Anyone looking at USDJPY or AUDJPY on the 4 hour charts? 7am GMT candle open.
  • #16,284
  • Mar 20, 2013 2:26am Mar 20, 2013 2:26am
AUD/JPY is no to me- already 2 blue candles.

USD-JPY mine opens at 6:00 GMT (7:00 CET where I actually live). Next candle will indeed give a decent TDI reading but the price has already made a significant move up. Besides check on the marked support/resistance. And besides go left-> market has been moving in very short cycles for past weeks (confirmed by TDI spinning around 50). My next candle opens at 10:00GMT, but I'd say no to USD/JPY. What do you think emmanuel7788?



USD/JPY H4
http://img163.imageshack.us/img163/5...h420130320.jpg
Remember I'm a newbie!
  • #16,285
  • Mar 20, 2013 3:50am Mar 20, 2013 3:50am
Quoting mierzyk
AUD/JPY is no to me- already 2 blue candles.

USD-JPY mine opens at 6:00 GMT (7:00 CET where I actually live). Next candle will indeed give a decent TDI reading but the price has already made a significant move up. Besides check on the marked support/resistance. And besides go left-> market has been moving in very short cycles for past weeks (confirmed by TDI spinning around 50). My next candle opens at 10:00GMT, but I'd say no to USD/JPY. What do you think emmanuel7788?



USD/JPY H4
http://img163.imageshack.us/img163/5...h420130320.jpg...
I got in at the start of candle I only go in normally for 25 points which i've got now, great system.
  • #16,286
  • Mar 20, 2013 4:41am Mar 20, 2013 4:41am
Quoting mierzyk
AUD/JPY is no to me- already 2 blue candles.

USD-JPY mine opens at 6:00 GMT (7:00 CET where I actually live). Next candle will indeed give a decent TDI reading but the price has already made a significant move up. Besides check on the marked support/resistance. And besides go left-> market has been moving in very short cycles for past weeks (confirmed by TDI spinning around 50). My next candle opens at 10:00GMT, but I'd say no to USD/JPY. What do you think emmanuel7788?



USD/JPY H4
http://img163.imageshack.us/img163/5...h420130320.jpg...

Hi,

sorry for this late reply. Today busy day and no time to read and post.

Looking at all JPY pairs, it is still rally time. So I will only follow the weekly trend until I see a bearish reversal. The W TDI only crossed down recently but there is not sign of LH and LL yet.

Lok at AJ Big Picture attached below. AJ recovered more than 80% of the 2008 fall. There is no historical resistance above 98.97 so I see it hitting the 100. and 104.

So long as H4 PA remain above its weekly pivot, I stay on the Buy side. Be careful when H4 PA trend below its weekly pivot for two consecutive weeks.

Buy the weekly retracements and buy the break of the previous week' high is the game to play with AJ and now with the two former PMs back in the Government both Abe and Aso are in control of the Japanese economy. This Asian power house will rise again.

I hope and pray that there will not be any major natural disaster which can ruin the very slow recovery of the world' economy at large.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ Weekly Big Picture 20-3-2013 7-17-48 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,287
  • Mar 20, 2013 4:49am Mar 20, 2013 4:49am
Thankyou!
Remember I'm a newbie!
  • #16,288
  • Mar 20, 2013 4:51am Mar 20, 2013 4:51am
Quoting adamjhdavis
Hi Guys,

Anyone looking at USDJPY or AUDJPY on the 4 hour charts? 7am GMT candle open.
No charts ... no talk.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,289
  • Mar 20, 2013 4:59am Mar 20, 2013 4:59am
Does anyone thinks these are good entries ?
(I know it's not the first candle, but still)
E/J - Long
E/U - Long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 54 KB
Click to Enlarge Name: 2.png Size: 52 KB
Per aspera ad astra!
  • #16,290
  • Mar 20, 2013 5:28am Mar 20, 2013 5:28am
Hey, apparently my entries (see my previous post) were really good, cause I've already got +65 pips on E/J and +38 pips on E/U
Cheers...
Per aspera ad astra!
  • #16,291
  • Mar 20, 2013 5:41am Mar 20, 2013 5:41am
ARTIC Hello,
don't forget, you are in downtrend. I never set trade against trend. Wait when TDI get a position to SHORT (with trend)

If price will make a Higher High, wait and loking to price make a Higher Low, this is confirm trend turn against (change trend)
Then you looking for long direction (and wait for TDI and Stoch, of course)

dan
  • #16,292
  • Mar 20, 2013 5:55am Mar 20, 2013 5:55am
Thank for replay dan.

Of course the trend is down so it's dangerous CT.

But i saw a triple bottom on 1H at 127 extention of the prev weekly range (thanks emmanuel), nice cross of the TDI on 4H + divergence, so i thought that it can reverse to the prev weekly range.

And right now it seem to go.

Anyway thanks again!!!
  • #16,293
  • Mar 20, 2013 5:56am Mar 20, 2013 5:56am
Quoting ProFx.Biz
Does anyone thinks these are good entries ?
(I know it's not the first candle, but still)
E/J - Long
E/U - Long

In my view, both are good H4 entries.
EU coming off historical support 1.2857
EJ coming off historical support 122.05

Well done!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,294
  • Edited 6:57am Mar 20, 2013 6:09am | Edited 6:57am
Quoting emmanuel7788
AUDNZD week 12 20 Mar update:

This pair still sideway for 2 days.
Tomorrow is kiwi' GDP q/q.
So you expect some movement anytime soon.
If you know the reasons for the recent weeks rally, you will know whether this has changed.
http://www.forexfactory.com/attachme...1&d=1363744408

NZ GDP data in 9 hours time, but it started to move up after some negative data today.
I am suspicious ...

how long will be the spike when GDP release? do you believe in stop hunting?

will it then test last week' high?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 12 20 Mar H4 update 20-3-2013 9-03-26 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,295
  • Mar 20, 2013 6:21am Mar 20, 2013 6:21am
Quoting Artic
Thank for replay dan.

Of course the trend is down so it's dangerous CT.

But i saw a triple bottom on 1H at 127 extention of the prev weekly range (thanks emmanuel), nice cross of the TDI on 4H + divergence, so i thought that it can reverse to the prev weekly range.

And right now it seem to go.

Anyway thanks again!!!

CONFLUENCE of Prev D 127% / Prev D Low and Prev W 127% and BRN 1.24000 is very glaring and that triple bottom is just a chart pattern to show you the market sentiments of buyers and sellers.
H4 TF for setup
H1 for better timing entry ...
EXCELLENT use of MTF analysis for trade entry.

Well done!
Attached Image (click to enlarge)
Click to Enlarge Name: EA 20 Mar H1 trade POMO 20-3-2013 9-22-44 PM.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,296
  • Mar 20, 2013 6:46am Mar 20, 2013 6:46am
Thank you Emmanuel.

If i can do that and especially see this details it's because you teach me that with your thousand posts...
  • #16,297
  • Mar 20, 2013 7:25am Mar 20, 2013 7:25am
Gratz Artic for great pick!

I also track down these more exotic crosses. Cannot afford trading them though, 9 pips spread is killing my trades ;/

Cheers,
M.
Remember I'm a newbie!
  • #16,298
  • Mar 20, 2013 8:50am Mar 20, 2013 8:50am
Quoting emmanuel7788
Hi,

sorry for this late reply. Today busy day and no time to read and post.

Looking at all JPY pairs, it is still rally time. So I will only follow the weekly trend until I see a bearish reversal. The W TDI only crossed down recently but there is not sign of LH and LL yet.

Lok at AJ Big Picture attached below. AJ recovered more than 80% of the 2008 fall. There is no historical resistance above 98.97 so I see it hitting the 100. and 104.

So long as H4 PA remain above its weekly pivot, I stay on the Buy side. Be careful when H4 PA...
resistance 104.596 july 2008 and mar 2007 108.014
  • #16,299
  • Mar 20, 2013 9:05am Mar 20, 2013 9:05am
Quoting redfan
resistance 104.596 july 2008 and mar 2007 108.014
Thanks redfan.

Can you post your chart showing those resistance levels.
I don't see them on my AJ chart.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,300
  • Mar 20, 2013 9:06am Mar 20, 2013 9:06am
FOMC in about 2-half hours.
Anyone with some thoughts to share?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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