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Riding the Gnarly trend wave...

  • #81
  • Nov 3, 2013 9:51pm Nov 3, 2013 9:51pm
Quoting BobGnarly
{quote} Well here is another attempt at the long I was taken out of last week by 1 pip! Shes looking good and wants to jump higher {image}
I wouldnt even consider a buy until around 92. There is a kumo shaow right around 96 and then a flat bottom at 91. I would consider a buy at 92 if it bounced of the top of the cloud and it was a doji or maybe a pin bar.
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"A true speculator tries the market small." - Jesse Livermore
  • #82
  • Nov 3, 2013 10:04pm Nov 3, 2013 10:04pm
Quoting Jgcole83
{quote} I wouldnt even consider a buy until around 92. There is a kumo shaow right around 96 and then a flat bottom at 91. I would consider a buy at 92 if it bounced of the top of the cloud and it was a doji or maybe a pin bar. {image}
In my view tentatively we're in a channel base, after a returning wave 2 for a 1 as a mono wave for higher tf. We might be in for an ascending channel in my view.... but nevertheless i maybe wrong...

for the call of 92 will be a better option for a buy which i agree but lets observe the reaction at tenkan as it may be a noting point if its an up or down move..

And nice ichi chart indic colors setup you got there ! its cool
Sincerely Yours Cheers!
  • #83
  • Nov 3, 2013 10:17pm Nov 3, 2013 10:17pm
Quoting DingDongWay
{quote} In my view tentatively we're in a channel base, after a returning wave 2 for a 1 as a mono wave for higher tf. We might be in for an ascending channel in my view.... but nevertheless i maybe wrong... for the call of 92 will be a better option for a buy which i agree but lets observe the reaction at tenkan as it may be a noting point if its an up or down move.. And nice ichi chart indic colors setup you got there ! its cool
Thanks!
"A true speculator tries the market small." - Jesse Livermore
  • #84
  • Nov 4, 2013 1:58am Nov 4, 2013 1:58am
Hello US/JPY

It would be great to see the YEN blast up to 100 again

My YEN bus is loaded up

All this talk about 92 before the 100

now that would hurt
  • #85
  • Nov 4, 2013 4:26am Nov 4, 2013 4:26am
AJ has a plenty of space..for up maybe ? Only problem would be AUD weakness.
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #86
  • Edited 5:33am Nov 4, 2013 5:22am | Edited 5:33am
Quoting DingDongWay
{quote} Now the current market move of H4 is respecting this OS Line which i called Center of Oscillation Line... With the move of market so far completing as such, im able to get more TA in much which support the bias, Lets take a look from what the BEFORE quoted compared as of now.... Adding in Linear Fibbo chan, it gave us a clearer picture of the prices at the current states.... For market, if a drop is in the cards and nevertheless if its a up, it might shoot up high and in my view this 'Art' is near completion soon. Till then up/down, at least...
After observing the Asian boring session.... my take for the previous TA chart i posted is that price bounce off any moment from here North to 99.3/99.5 as its approaching the OS Line. if not to a low of 98.4 area for a start....
Sincerely Yours Cheers!
  • #87
  • Nov 4, 2013 10:07am Nov 4, 2013 10:07am
Not too much going on out there today. Tonight we have the RBA rate and statement...I'm predicting a more hawkish tone due to the good aus and cny data lately. Fed's Bullard showed his stance on QE and his tone was on the hawkish side. Besides that not much for me today. It is a very good day for scalpers.
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  • #88
  • Nov 4, 2013 10:17am Nov 4, 2013 10:17am
Quoting BobGnarly
Not too much going on out there today. Tonight we have the RBA rate and statement...I'm predicting a more hawkish tone due to the good aus and cny data lately. Bullard howed his stance on QE and his tone was in the hawkish side. Besides that not much for me today. It is a very good day for scalpers.

Good for scalpers, but I'm not very good at that. I prefer daily and weekly charts - trading with the main trend. UJ longs are in, most of them under 98, shorts at GU are waiting, already closed previous shorts at .5925 and waiting for another enter and forgetting it .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #89
  • Nov 4, 2013 12:11pm Nov 4, 2013 12:11pm
Quoting bikov
{quote} Good for scalpers, but I'm not very good at that. I prefer daily and weekly charts - trading with the main trend. UJ longs are in, most of them under 98, shorts at GU are waiting, already closed previous shorts at .5925 and waiting for another enter and forgetting it .

As do the wealthiest traders/investors of all time



Update on the Aud/Jpy trade I took, I cut half at 82 for +14, I dont like going into major news with a bigger position. I will add more tonight if its a bullish Bias.
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  • #90
  • Nov 4, 2013 12:14pm Nov 4, 2013 12:14pm
Quoting bikov
AJ has a plenty of space..for up maybe ? Only problem would be AUD weakness. {image}


That is a lovely chart, really shows the potential. And I wouldn't worry about AUD weakness, the country is doing quite well and I dont see a negative outlook.
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  • #91
  • Nov 4, 2013 12:15pm Nov 4, 2013 12:15pm
Quoting bikov
{quote} Good for scalpers, but I'm not very good at that. I prefer daily and weekly charts - trading with the main trend. UJ longs are in, most of them under 98, shorts at GU are waiting, already closed previous shorts at .5925 and waiting for another enter and forgetting it .
I loved scalping but I don't do it anymore. Used to setup my charts on 5 pip range bars and go to town and it was very profitable. The more I traded though the more I got tired of occasionally getting burnt.

Id make $1300 to $1500 a day but then I would also lose that much sometimes and that always stings.
"A true speculator tries the market small." - Jesse Livermore
  • #92
  • Nov 4, 2013 3:38pm Nov 4, 2013 3:38pm
Quoting BobGnarly
{quote} That is a lovely chart, really shows the potential. And I wouldn't worry about AUD weakness, the country is doing quite well and I dont see a negative outlook.
I may not be more of a fundi person but somehow i did go about some ground works..

I think the country currency strength is somewhat pressed down interms of the previous mining cooling down measures and policies introduced by the gov itself, i even rang up my friends living there to check out how's the situation over there as to understand locally what their own citizens are facing and yet the stuffs they're telling me are the country is great, they do not feel the pinched at all with regards to the country eco and the current situation now which seems 'bad' are ensure by the authorities over their that it will be passed on. Hence they do not get how come medias are covering in a way that reflects Aud strength so bad as it seems yet the locals are pretty having high confidence in their own currency.

it seems to me, we aint sure about about aud too till it unleashed. interms of rates figures we might be linking the currency itself on the downside, but towards some point we might be surprise with what this commodity country got to offer in the longer run.
Sincerely Yours Cheers!
  • #93
  • Nov 4, 2013 6:07pm Nov 4, 2013 6:07pm
Quoting DingDongWay
{quote} I may not be more of a fundi person but somehow i did go about some ground works.. I think the country currency strength is somewhat pressed down interms of the previous mining cooling down measures and policies introduced by the gov itself, i even rang up my friends living there to check out how's the situation over there as to understand locally what their own citizens are facing and yet the stuffs they're telling me are the country is great, they do not feel the pinched at all with regards to the country eco and the current situation...

That is great that you have some direct contact with people from there! Gives you more of an edge, that's all this business is. While I agree usually with the fact that the person/people in a certain country Feel strongly about how it REALLY is, the fact is the people moving the market, maybe .001% live in that affected country.

My views on fundamentals may differ from other people. I see it how the market portrays it, because the market is my indicator.
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  • #94
  • Nov 4, 2013 6:14pm Nov 4, 2013 6:14pm
If I get too in depth about my views on investing I might seem insane/dumb to 99% of the forum. But 1-5% are the winners right ?
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  • #95
  • Nov 4, 2013 6:25pm Nov 4, 2013 6:25pm
Might throw in a few of my favorite quotes every now and then!

Here's 2 that I still have posted by my monitors.

“If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” - J Paul Getty


“Financial leverage is the advantage the rich have over the poor and middle class." - Rich Dad/Poor Dad
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  • #96
  • Edited 7:24pm Nov 4, 2013 6:45pm | Edited 7:24pm
Here I will share a technique I like to use to enter medium term trades. I call it the trampoline entry, just made it up lol. As you can see in the highlighted areas that they all have the same technique. Starts the month a little down when the prior month was rather bullish and it basically rides up the prior months wick and then to new highs. This technique requires early decision making even before you previous months high. Also I like to do this on the first few days of the month and ideally with a bullish looking start. Put the SL a few pips below the months low, which will be tight and low risk. But as you can see the returns can be quite appealing I am already in this trade quite a few days, but I will add A LOT if we have a positive RBA tonight.



Since I wont be around much tomorrow, I'll give you guys some expiries for tomorrow. I am watching Usd/Cad since I have a few positions in it. I am thinking if we have a good PMI number tomorrow we might be attracted to that 1.0475/1.05 , which is massive. Hope this can help you guys a bit!

One more thing. Notice how months that have very bearish candles had a higher high than the month before......
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  • #97
  • Nov 4, 2013 7:33pm Nov 4, 2013 7:33pm
*Nissan Falls most since 2011" Might see a weak nikkei, Stronger Yen tonight.
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  • #98
  • Nov 4, 2013 10:08pm Nov 4, 2013 10:08pm
Quoting DingDongWay
{quote} After observing the Asian boring session.... my take for the previous TA chart i posted is that price bounce off any moment from here North to 99.3/99.5 as its approaching the OS Line. if not to a low of 98.4 area for a start....
So an update to the TA earlier, it breaches 98.4 but take a look at the shapes area based on previous chart i posted...

for reference.. I had my stop losses at 98.05 thou...
Attached Image (click to enlarge)
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Sincerely Yours Cheers!
  • #99
  • Nov 5, 2013 1:56pm Nov 5, 2013 1:56pm
Whats up guys, busy day for me today. Haven't touched any of my trades. I have done a few intra day trades to give me some profits.

Long USDJPY from 98.15 and 98.50
Long USDCAD from 1.0455
Long AUDNZD from 1.15, tonight we have some NZD news so hopefully that gives us a direction
Long AUDJPY from 93.67
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  • #100
  • Nov 5, 2013 2:03pm Nov 5, 2013 2:03pm
Hey Bob. Just holding on to my longs at the moment and not doing whole lot of anything. I was thinking about Grabbing some nzdusd .8300, and my tp would be .8365.
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"A true speculator tries the market small." - Jesse Livermore
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