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  • #3,361
  • Jan 10, 2014 12:41am Jan 10, 2014 12:41am
Yes, $ is at retrace as well as Gold and Oil. I bought the retrace in Gold. Ideally I should wait for NFP today and the week close, but I took the risk for an early entry of the retrace. I target 1275-1300 area if it will be a deep retrace
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  • #3,362
  • Jan 11, 2014 3:32pm Jan 11, 2014 3:32pm
Dollar Index Weekly
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If you think you can or cannot do it you are correct
  • #3,363
  • Jan 11, 2014 3:33pm Jan 11, 2014 3:33pm
EurUsd
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If you think you can or cannot do it you are correct
  • #3,364
  • Jan 11, 2014 4:06pm Jan 11, 2014 4:06pm
AudUsd
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If you think you can or cannot do it you are correct
  • #3,365
  • Jan 11, 2014 5:43pm Jan 11, 2014 5:43pm
Crude Oil

I am looking for some more upside and then a bigger downmove. Wiuld not like to see more than 95 though

Olu
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If you think you can or cannot do it you are correct
  • #3,366
  • Jan 11, 2014 6:08pm Jan 11, 2014 6:08pm
Quoting Olu
AudUsd {image}

Hi Olu,
On the 4H, a move above & retest of .9004 would improve the bullish picture in the shorter-term.
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  • #3,367
  • Jan 11, 2014 6:16pm Jan 11, 2014 6:16pm
Quoting Olu
Crude Oil I am looking for some more upside and then a bigger downmove. Wiuld not like to see more than 95 though Olu {image}
Need a daily close below 91.80 for the next leg lower.
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  • #3,368
  • Jan 11, 2014 6:32pm Jan 11, 2014 6:32pm
Quoting Olu
AudUsd {image}
Would you buy it?
if yes what price will be entry?
  • #3,369
  • Jan 11, 2014 6:41pm Jan 11, 2014 6:41pm
Gold:

A daily close above 1267 might give the bulls something to cheer about for a change.
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  • #3,370
  • Jan 11, 2014 6:45pm Jan 11, 2014 6:45pm
Silver:

Need a daily close above 20.48 for the bulls.
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  • #3,371
  • Jan 11, 2014 6:58pm Jan 11, 2014 6:58pm
EU:

Potential short areas.
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  • #3,372
  • Edited 1:25pm Jan 12, 2014 1:14pm | Edited 1:25pm
Quoting srt
{quote} Need a daily close below 91.80 for the next leg lower. {image} {image}

I agree with you Srt. Now I dont know how high crude can go on this upmove - if it goes but I know 2 things for sure we need some sort of upmove to correct some 'oversoldness' and if even if we dont know how high the retracement will be a break below 91.80 shows that the downmove is continuing. Perhaps in an ideal situation if there is a reversal at 95.00 area and a short is taken the 91.80 acn be used as an area to add to shorts. Just my thinking...

Olu
If you think you can or cannot do it you are correct
  • #3,373
  • Jan 12, 2014 1:19pm Jan 12, 2014 1:19pm
Quoting srt
{quote} Hi Olu, On the 4H, a move above & retest of .9004 would improve the bullish picture in the shorter-term. {image}

Srt

Because of my trading mentality and my wanting to align with the main trend I will find it difficult buying the audusd. However as I am bearish the eurusd and less bearish the audusd I am looking to sell the euraud.

Olu
If you think you can or cannot do it you are correct
  • #3,374
  • Jan 12, 2014 1:24pm Jan 12, 2014 1:24pm
Quoting srt
EU: Potential short areas. {image}
I agree with you Srt. Now according to EW a turn can be anywhere between where we are at now and the areas you have marked on the chart. So vigilance is needed. But I dont mind not getting the exact turn (a lot of accounts have been blown trying to pick theses areas) but as long as I am in when the substantial moves happen

Olu
If you think you can or cannot do it you are correct
  • #3,375
  • Jan 12, 2014 1:29pm Jan 12, 2014 1:29pm
Quoting trexy123
{quote} Would you buy it? if yes what price will be entry?

Hi Trexy123

I would not be buying this. I am looking to sell so I will be sitting out this upmove. One thing I am looking to do though is sell euraud as I am thinking the eur will underperform. Even that trade I am weighing up the odds as 1.5000 is nearby.

Olu
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If you think you can or cannot do it you are correct
  • #3,376
  • Jan 12, 2014 7:40pm Jan 12, 2014 7:40pm
Quoting srt
{quote} Hi Olu, On the 4H, a move above & retest of .9004 would improve the bullish picture in the shorter-term. {image}
Could you share you chart template and indicators?
  • #3,377
  • Jan 14, 2014 3:26pm Jan 14, 2014 3:26pm
Guys

Check out the audusd today I spoke about not buying it and wham today down it goes. Wish I could say the same about cocoa where I am looking for a top. This commodity ran up today contrary to my thoughts. One more my entry for natural gas missed by a fraction

Not a good start at all...

Olu
If you think you can or cannot do it you are correct
  • #3,378
  • Jan 14, 2014 3:36pm Jan 14, 2014 3:36pm
Quoting Olu
Guys Check out the audusd today I spoke about not buying it and wham today down it goes. Wish I could say the same about cocoa where I am looking for a top. This commodity ran up today contrary to my thoughts. One more my entry for natural gas missed by a fraction Not a good start at all... Olu

Hi Olu,

Yes, AU ran up through my resistance line but on the retest it ran right through so no trade for me.
Frustrated that I wasn't trading Friday so missed the buy on Nat. Gas when it got to my higher buy zone & bounced strong. No chance to get in after that.
Cocoa for me is only buy on the dips due to the strong fundamentals right now.
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  • #3,379
  • Jan 14, 2014 3:38pm Jan 14, 2014 3:38pm
Quoting trexy123
{quote} Could you share you chart template and indicators?
Hi Trexy,

I've modified my indicators without permission from the creators so can't post them. Do a search of "supply and demand" to find the indi that creates the zones. There's plenty of them available.
  • #3,380
  • Jan 14, 2014 4:18pm Jan 14, 2014 4:18pm
Quoting srt
{quote} Hi Olu, Yes, AU ran up through my resistance line but on the retest it ran right through so no trade for me. Frustrated that I wasn't trading Friday so missed the buy on Nat. Gas when it got to my higher buy zone & bounced strong. No chance to get in after that. Cocoa for me is only buy on the dips due to the strong fundamentals right now. {image}

Srt

The jury is out on cocoa imho but they are leaning your way...

Olu
If you think you can or cannot do it you are correct
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