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  • #221
  • Dec 12, 2013 5:44am Dec 12, 2013 5:44am
Quoting 1 in 1 out
USD/JPY While the weekly chart has the potential for a double top, the monthly reveals an area a bit higher for a possible turning point. {image} {image}
I am glad you posted this chart, I have been looking at the very same area recently. I agree the area cerca 110 you have marked on the chart is a significant supply zone and could represent a good opportunity.

I see price advancing to that area IMHO based on current market drivers. A HH and a reasonable pullback to support at 100 or 99 would grab my interest.
Nil desperandum
  • #222
  • Dec 12, 2013 7:31am Dec 12, 2013 7:31am
market has gone in "year-end mode".
AUD and NZD crashed 10minutes before NY data.
90% of traders use TA, indicators and prediction
  • #223
  • Dec 12, 2013 7:42am Dec 12, 2013 7:42am
Quoting _BBKing_
market has gone in "year-end mode". AUD and NZD crashed 10minutes before NY data.
and of course... i'm long both gbp aud and gb nzd, but before ny open i did 2 positions short (hedge).
the fucking thing stopped both positions 80pips higher than planned stop loss line blowing money.




btw... nice to see euro taking the correct direction!
90% of traders use TA, indicators and prediction
  • #224
  • Dec 13, 2013 6:32am Dec 13, 2013 6:32am
Which levels are poossible for Gold end of 2014?

$940 or $1450

Regards
  • #225
  • Dec 13, 2013 8:55am Dec 13, 2013 8:55am
Quoting istanbul
Which levels are poossible for Gold end of 2014? $940 or $1450 Regards
seems like you are expecting a large move on gold..
why not considering a yearly close near 1200?! :nerd:
90% of traders use TA, indicators and prediction
  • #226
  • Dec 14, 2013 1:14pm Dec 14, 2013 1:14pm
Quoting vincentprice
{quote} I am glad you posted this chart, I have been looking at the very same area recently. I agree the area cerca 110 you have marked on the chart is a significant supply zone and could represent a good opportunity. I see price advancing to that area IMHO based on current market drivers. A HH and a reasonable pullback to support at 100 or 99 would grab my interest.

It would grab mine too.
Here's another telling a similar story.
A level that's been both S and R which hasn't been revisited for a long time.
Attached Image (click to enlarge)
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  • #227
  • Dec 14, 2013 4:23pm Dec 14, 2013 4:23pm
Quoting 1 in 1 out
{quote} It would grab mine too. Here's another telling a similar story. A level that's been both S and R which hasn't been revisited for a long time. {image}
I have chalked up 180-184. Have you seen my recent post on the GPY/JPY? Here is the link.

http://www.forexfactory.com/showthre...53#post7156253

Currently I am looking to find a good entry trading up into 180.
Nil desperandum
  • #228
  • Dec 15, 2013 3:37am Dec 15, 2013 3:37am
Quoting vincentprice
{quote} I have chalked up 180-184. Have you seen my recent post on the GPY/JPY? Here is the link. http://www.forexfactory.com/showthre...53#post7156253 Currently I am looking to find a good entry trading up into 180.

My apologies I had not seen your post. Thank you for the link
You are obviously way ahead of me in picking these levels out
Especially combined with the fundamentals.
I'm only just getting started.
Simply posting as I see them.
At least I'm on the right track.
My next task is to find a method for entries
  • #229
  • Dec 15, 2013 8:52am Dec 15, 2013 8:52am
Quoting 1 in 1 out
{quote} My apologies I had not seen your post. Thank you for the link You are obviously way ahead of me in picking these levels out Especially combined with the fundamentals. I'm only just getting started. Simply posting as I see them. At least I'm on the right track. My next task is to find a method for entries
Actually the entry rules are in my opinion the most important part in trading!!
90% of traders use TA, indicators and prediction
  • #230
  • Dec 18, 2013 5:27am Dec 18, 2013 5:27am
Quoting _BBKing_
{quote} Actually the entry rules are in my opinion the most important part in trading!!

Yes I think you are right. Clearly defined in the right areas.

Another one I have on watch list.
Time will tell if it plays out.
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  • #231
  • Dec 19, 2013 4:12am Dec 19, 2013 4:12am
Looking fundamentally, it has always been a problem in the UK that stimulus and the good numbers that follow can produce runaway inflation. I don't think this is likely to happen because we (meaning the Bank of England) are very aware of the problem and likely to take action early rather than later.

Already house price inflation has kicked in and with low interest rates and mortgage stimulus programmes in place the BOE has quickly withdrawn the FLS scheme. This seemed very quick and shows a fear of a housing bubble and the false boom that it can produce. Already the various house price indexes are showing up to 1% a month increase.

But good numbers are coming through in services and consumption and not, unfortunately, in manufacturing or the trade balance so the BOE has switched its lending stimulus to business away from consumers. A very sensible move, but going back to my first paragraph we are looking at a shaky recovery which could lead to an inflation problem (we are still printing and not tapering).

I'll be looking at the CPI and employment numbers to see if this economic recovery is going to need a tweak to prevent false overheating. In the meantime our "rock star" BOE governer definitely has his eye on the ball and I have loads of confidence in his team's ability, but we have been warned about interest rate rises if employment falls below 7%:

Attached Image (click to enlarge)
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Gone to a better place
  • #232
  • Dec 19, 2013 4:35am Dec 19, 2013 4:35am
Attached Image (click to enlarge)
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Gone to a better place
  • #233
  • Dec 19, 2013 10:25am Dec 19, 2013 10:25am
Quoting smikester
...but we have been warned about interest rate rises if employment falls below 7%: {image}
Time to fix the mortgage

Olu
If you think you can or cannot do it you are correct
  • #234
  • Dec 19, 2013 3:06pm Dec 19, 2013 3:06pm
In my longerterm view i investing into GOLD and Silver, both of these metals are for reasonable price right now.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #235
  • Dec 20, 2013 12:33pm Dec 20, 2013 12:33pm
Something and nothing.

9 weeks to fall 1200 pips.

3 times as long ( 27 weeks ) to get back within 100 of the April top.

Looking a bit tired perhaps?
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  • #236
  • Dec 20, 2013 3:47pm Dec 20, 2013 3:47pm
Quoting 1 in 1 out
Something and nothing. 9 weeks to fall 1200 pips. 3 times as long ( 27 weeks ) to get back within 100 of the April top. Looking a bit tired perhaps? {image}
What pair is that please
  • #237
  • Dec 21, 2013 6:01am Dec 21, 2013 6:01am
Quoting EternalNewB
{quote} What pair is that please
Nzd/Jpy
  • #238
  • Dec 22, 2013 2:50am Dec 22, 2013 2:50am
Quoting ActionScalpr
In my longerterm view i investing into GOLD and Silver, both of these metals are for reasonable price right now.
i have the same view!!!
at the moment prices are still going down, so now i wait a bit of consolidation before buying.
90% of traders use TA, indicators and prediction
  • #239
  • Dec 22, 2013 2:52am Dec 22, 2013 2:52am
Quoting 1 in 1 out
Something and nothing. 9 weeks to fall 1200 pips. 3 times as long ( 27 weeks ) to get back within 100 of the April top. Looking a bit tired perhaps? {image}
nzd in recent weeks shown some weaknees. not so much tho. while jpy is printing new lows after lows after lows.... usd jpy indeed went >104 which did not happen since loooooong time.
i would say... uhm... eventually nzd jpy finds some obvious resistance here, but to me is till a "buy the dip" setup.
90% of traders use TA, indicators and prediction
  • #240
  • Dec 22, 2013 2:55am Dec 22, 2013 2:55am
Quoting smikester
{image}
technically the 1.70 is possible
if there will be no important economic data changes in january + fewbruary i guess price will test at least prev highs 1.66- 1.68.
90% of traders use TA, indicators and prediction
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