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Beyond the Candles

  • #1,601
  • Jan 29, 2014 8:29am Jan 29, 2014 8:29am
CADJPY Weekly

As you can see my entry was maybe too late and too conservative, but the idea that focusing on a currency that was anyhow already showing weakness ( CAD ), has now paid off.

M.
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Be like water.
  • #1,602
  • Jan 29, 2014 3:21pm Jan 29, 2014 3:21pm
USDSGD

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@M.....take a look at 90 W !!!
Nothing personal,just business
  • #1,603
  • Jan 30, 2014 1:28pm Jan 30, 2014 1:28pm
Quoting fxgroup
Hi M, I agree with you..the EURUSD is quite a mess right now...on the last 2 weeks we have seen a BEOB+BUOB, so it is very clear that a battle betwen buyers and sellers is in act. The best thisng to do is watching and waiting for the fight to finish !
Look at it...today !



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Nothing personal,just business
  • #1,604
  • Jan 30, 2014 2:44pm Jan 30, 2014 2:44pm
Yes, I stay out in EURUSD, although I am more or less a bit biased to further downside in the weeks to come, we will see.

Alltogether I see a lot of frozen action and indecision, not just in EURUSD, but look at the USDCHF and Gold, 1 day up, then down again, SP500 down - now a bounce off support......etc.

Even the big institutions are still sorting things out, and in FX as long as USD and EUR as single currencies don`t make stronger trend moves in a definite direction, everything is waiting.

But we can wait, there are other financial products and the whole year 2014.

fxgroup : just booked my June family holiday in Italy, in Lerici, Liguria. If this is just 1% as beautiful as the pics on the Internet suggest, I will be very happy waiting for setups to materialize..... ( sorry, off-topic, won´t happen again I promise...)

M.
Be like water.
  • #1,605
  • Jan 31, 2014 4:25am Jan 31, 2014 4:25am
NZDJPY

Tha M close will give us important informations about the P's evolution within the W RM:

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@M.....Italy is wonderful wherever you go !....3 years ago I visited Mallorca and I rally enjoyed it !
Nothing personal,just business
  • #1,606
  • Feb 3, 2014 5:03am Feb 3, 2014 5:03am
NZDJPY

The M candle closed as a strong bearish 2MPB that gives us a very important information....the sellers get the P back within the old RM with 83.45 as R level.
This leads us to make our plan waiting for the P to 83.45 for a RET+ bearish confirmation and 80.84 as the first MM level. We can clearly see the 75.76 as the final TG of the old RM !
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Nothing personal,just business
  • #1,607
  • Feb 3, 2014 11:11am Feb 3, 2014 11:11am
Friday 02.07.2014 at 15:30 eastern time webinar live !

The partecipation requires the TeamViewer9 ( AllinOne version) program. A couple of minutes before the webinar starts I will put on this thread the ID meeting !
All you have to do is inserting the ID number ( keeping the "m " ) and press on " join meeting " button !

Thanks
Nothing personal,just business
  • #1,608
  • Feb 5, 2014 7:49am Feb 5, 2014 7:49am
EURSGD

Here is a simple reason why NON to make a trade....the P get within the old RM and put a PB as a RET in order to retest the old S:
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Nothing personal,just business
  • #1,609
  • Feb 5, 2014 12:22pm Feb 5, 2014 12:22pm
NZDCAD

Strong BUOB in RM with 0.9247 as TG....but the W charts are telling us that we have a strong R level at 0.91...so it gives us a selection criteria in case of retest of the RM's S and buyers confirmation of it !
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Nothing personal,just business
  • #1,610
  • Feb 5, 2014 1:15pm Feb 5, 2014 1:15pm
AUDUSD Monthly

Shows on M chart very good how far P has moved down, we have P now in between 2 important levels and I still think it is too early to jump in with a BUY here, better wait a bit more.

fxgroup : I would be happy to attend, I suppose you mean 7th February with Friday, which is this Friday ? ( The US date shows Month first, then Day. )

Good trading to all, I hope we some more charts coming.

M.
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Be like water.
  • #1,611
  • Feb 6, 2014 6:11am Feb 6, 2014 6:11am
Gold Weekly

There was a nice strong weekly pinbar showing some return of buyers interest, but it looks indecisive now ( reflected on Daily as constant up and down ). P has to move higher to validate a true reversal, although P has now moved outside of this dynamic Resistance line.

Better to wait here I think, if true buyers strength happens, they will have to show this very soon.

M.
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Be like water.
  • #1,612
  • Feb 6, 2014 6:54am Feb 6, 2014 6:54am
Now we see the price is stopped by the strong weekly resistance 1270, so i wait to see a weekly candle closing above it for buy on his retest.
The monthly showed us a weak 2MPB, we can clearly see the sellers tail and the closing below 1248, so we can also expect a further retest of S level 1200-1180, that's another level where i wait the price for buy...
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  • #1,613
  • Feb 7, 2014 3:13am Feb 7, 2014 3:13am
EURCAD......It sounds crazy...but I will still be here where it will reach 1.6973 !
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Nothing personal,just business
  • #1,614
  • Feb 7, 2014 9:01am Feb 7, 2014 9:01am
Quoting Redbullish
Now we see the price is stopped by the strong weekly resistance 1270, so i wait to see a weekly candle closing above it for buy on his retest. The monthly showed us a weak 2MPB, we can clearly see the sellers tail and the closing below 1248, so we can also expect a further retest of S level 1200-1180, that's another level where i wait the price for buy... {image} {image}
Hi Redbullish,

I have almost the same levels, P is tightening and we seem to wait for decision time and the levels 1270 & 1300.

Of interest is the fact that GDX and some major gold mining stocks have been MORE bullish than Gold itself, and Silver even has decoupled again and again, which makes it difficult for those investors that hold precious metal basket certificates.

Good trading to you and thanks for the update.

M.
Be like water.
  • #1,615
  • Feb 7, 2014 9:05am Feb 7, 2014 9:05am
EURGBP Monthly

Now that P has turned back down to an important bullish breakout level we can watch and see if it resumes its uptrend and IF this was really just a big retracement.

A WEEKLY close above 0.8300 big round number, and even better 0.83707 ( Monthly NCA level ), would suggest that we see a move higher inside this dynamic range & triangle.

M.
Attached Image (click to enlarge)
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Be like water.
  • #1,616
  • Feb 7, 2014 9:08am Feb 7, 2014 9:08am
Quoting fxgroup
EURCAD......It sounds crazy...but I will still be here where it will reach 1.6973 ! {image}


Thank you !

M.
Be like water.
  • #1,617
  • Feb 7, 2014 2:22pm Feb 7, 2014 2:22pm
ID meeting: 10-027-254
Nothing personal,just business
  • #1,618
  • Feb 7, 2014 3:59pm Feb 7, 2014 3:59pm
Quoting fxgroup
ID meeting: 10-027-254
I was late to your webinar but thanks for your attempt to teach me something new ( hopefully their is an edit / rerun for us to watch
Always Learning
  • #1,619
  • Feb 7, 2014 4:14pm Feb 7, 2014 4:14pm
ID2: 73-007-647
Nothing personal,just business
  • #1,620
  • Feb 7, 2014 4:19pm Feb 7, 2014 4:19pm
Quoting JayTrader
{quote} I was late to your webinar but thanks for your attempt to teach me something new ( hopefully their is an edit / rerun for us to watch
If I have seen correctly, he was recording the session, so yes, it may be available as "rerun" later.
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