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  • #3,541
  • Feb 16, 2014 4:11pm Feb 16, 2014 4:11pm
Quoting Olu
{quote} I think the real trade in the eurusd, audusd, gbpusd, nzdusd is to the downside. We might need to wait out a bit of more upside. The $ has been massively hammered and a turn is round the corner
I am waiting for the $ to reach the 79 region, before I touch any sell on majors and commodities. Cheers
  • #3,542
  • Feb 16, 2014 4:19pm Feb 16, 2014 4:19pm
Quoting rehab
{quote} I am waiting for the $ to reach the 79 region, before I touch any sell on majors and commodities. Cheers
If the $index gets below 79 the paradigm has changed and the $ will be going real lower (based on EW)
If you think you can or cannot do it you are correct
  • #3,543
  • Feb 17, 2014 1:41am Feb 17, 2014 1:41am
Quoting Olu
{quote} If the $index gets below 79 the paradigm has changed and the $ will be going real lower (based on EW)
I agree, but it would need to get below 78 IMHO. However, the area 79-78 is a tough support area and was there since end of 2013 so I would be cautious when the $ reach there. (I talk good but I donīt follow: when I will see the first sign of a break or rejection I will jump in ).
  • #3,544
  • Feb 18, 2014 1:15am Feb 18, 2014 1:15am
FXCM Dollar Index - the selling might be abating...
Attached Image
If you think you can or cannot do it you are correct
  • #3,545
  • Feb 18, 2014 1:30am Feb 18, 2014 1:30am
Quoting rehab
{quote} I agree, but it would need to get below 78 IMHO. However, the area 79-78 is a tough support area and was there since end of 2013 so I would be cautious when the $ reach there. (I talk good but I donīt follow: when I will see the first sign of a break or rejection I will jump in ).

Not to worry Rehab we all have phsch battles we fight and somtimes becoming a better trader is a battle with ourselves rather than with the candles on the charts. But seriously the $ might be bottoming. check out audusd I think this one might be going down big time. Dont like takling without showing on the charts. So rushed off my feet. But will post a chart asap

Olu
If you think you can or cannot do it you are correct
  • #3,546
  • Feb 18, 2014 2:17am Feb 18, 2014 2:17am
Quoting Olu
{quote} Not to worry Rehab we all have phsch battles we fight and somtimes becoming a better trader is a battle with ourselves rather than with the candles on the charts. But seriously the $ might be bottoming. check out audusd I think this one might be going down big time. Dont like takling without showing on the charts. So rushed off my feet. But will post a chart asap Olu
Hi Olu, yes, mastering trading is mastering yourself! Yes, there is a pause in the sliding $, but INMHO I wouldnīt consider it a reversal now. It is one candle, relatively small, in front of a good down movement of many candles. Sure, the candle is at the start of a strong resistance zone and looks like a pinbar, but I need more confirmation to close my long position in gold and to start shortening. So I agree with you to wait and see other charts. Will take a look at AU, but for now EU still hanging on there.
  • #3,547
  • Feb 18, 2014 2:25am Feb 18, 2014 2:25am
EurGbp
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If you think you can or cannot do it you are correct
  • #3,548
  • Feb 18, 2014 2:28am Feb 18, 2014 2:28am
Quoting rehab
{quote} So I agree with you to wait and see other charts.

It is wise to wait. I am a trend trader not a bottom picker. I normally wait for others to knock out the bottom before I join the trend. However sometimes...

Olu
If you think you can or cannot do it you are correct
  • #3,549
  • Feb 18, 2014 2:31am Feb 18, 2014 2:31am
Quoting Olu
{quote} It is wise to wait. I am a trend trader not a bottom picker. I normally wait for others to knock out the bottom before I join the trend. However sometimes... Olu
) sometimes it is tempting ..
  • #3,550
  • Feb 18, 2014 6:01am Feb 18, 2014 6:01am
Quoting rehab
{quote} ) sometimes it is tempting ..

only sometimes?

Olu
If you think you can or cannot do it you are correct
  • #3,551
  • Feb 18, 2014 6:09am Feb 18, 2014 6:09am
Quoting Olu
{quote} only sometimes? Olu
ok you caught me pretending to be wise: always.
Look at the charts, it looks like you might be having and excellent call. I am amazed cause the $ is close but not yet at the start of the support!
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  • #3,552
  • Feb 18, 2014 7:25am Feb 18, 2014 7:25am
Sugar:

Trying to put in a bottom?
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  • #3,553
  • Feb 18, 2014 7:31am Feb 18, 2014 7:31am
Corn:

Bullish above 440 area. Fundamentals not that good yet but exports strong. Need more info on China cancelations(GMO corn) and crop planting intentions soon in US.
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  • #3,554
  • Feb 18, 2014 5:44pm Feb 18, 2014 5:44pm
Srt

Just look at coffee go

Olu
If you think you can or cannot do it you are correct
  • #3,555
  • Feb 18, 2014 5:47pm Feb 18, 2014 5:47pm
Quoting srt
Sugar: Trying to put in a bottom? {image} {image}

I dont think the long term bottom is in but this could break up to the upside and then turn down again. There is still a lot of sugar stock out there

Olu
If you think you can or cannot do it you are correct
  • #3,556
  • Feb 18, 2014 6:26pm Feb 18, 2014 6:26pm
Quoting Olu
Srt Just look at coffee go Olu
Olu,

Yes, I've been watching it. Even more crazy than nat. gas.
I took profits way too soon :-(

Several commodities are having pretty wild moves these days mostly to the upside. Probably partially due to the weak US $.
  • #3,557
  • Feb 18, 2014 7:19pm Feb 18, 2014 7:19pm
AudUsd
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If you think you can or cannot do it you are correct
  • #3,558
  • Feb 19, 2014 1:19am Feb 19, 2014 1:19am
Quoting Olu
AudUsd {image}
price is back above 9000 ...

Olu
If you think you can or cannot do it you are correct
  • #3,559
  • Feb 20, 2014 1:42am Feb 20, 2014 1:42am
My thoughts on $: So far the rejection is not confirmed so i am going on with the idea that it is a pullback.
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  • #3,560
  • Feb 20, 2014 2:16am Feb 20, 2014 2:16am
Hey Olu/Guys,

Glad to see this thread still alive, I'm back in business after a long period away from the FX world

Will try to post some setups

See u guys
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