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  • #18,441
  • Feb 25, 2014 6:24am Feb 25, 2014 6:24am
Quoting kalyan
{quote} Yes Chief..., GBPCAD still looks valid, if 8475 is resisted. atleast for 8425. AUDUSD booked for +24
Thats why we use stops
  • #18,442
  • Feb 25, 2014 7:30am Feb 25, 2014 7:30am
GBPUSD fell to 6640, lets see what will happen now. As i warned on webinar we could also see a drop around 6740. We got to 6725 then almost 100 pips down.
  • #18,443
  • Feb 25, 2014 7:33am Feb 25, 2014 7:33am
Quoting T@rantula
USDCHF looks like it might go down to 8830 which is L5 level on CAMARILLA. POC comes around 8900-8910 as we have a trendline, fib swings and H3 confluence so it might be good to look for shorts around the zone. If trend is respected 8830 should be the target. {image}
8850 was the low. Swissy now @ 8885 monitoring POC1 again.
  • #18,444
  • Feb 25, 2014 7:49am Feb 25, 2014 7:49am
Quoting T@rantula
NZDUSD is in uptrend. We can see potential BPC chance at 8945 for 8973-9000 level or a retracement to 8920-15 zone then a long opportunity for 8973. Paying attention to 8945 potential breakout pattern. W 1 2 3 is spotted and a clear trendline which shows us the uptrend and a potential H3 break. {image}
i think you got you numbers wrong, price is now @.8331
fxkeys
  • #18,445
  • Feb 25, 2014 8:20am Feb 25, 2014 8:20am
Quoting T@rantula
GBPUSD fell to 6640, lets see what will happen now. As i warned on webinar we could also see a drop around 6740. We got to 6725 then almost 100 pips down.
T. Please consider fixing the webinars archive it would be a goldmine Thanks
  • #18,446
  • Feb 25, 2014 8:35am Feb 25, 2014 8:35am
For all of you who are wondering what happened to CABLE almost 100 pip drop, it was FED's speech + cable fix, but im betting on cable London spot fix.
  • #18,447
  • Feb 25, 2014 8:36am Feb 25, 2014 8:36am
Quoting EternalNewB
{quote} T. Please consider fixing the webinars archive it would be a goldmine Thanks
whats happening with webinars archive?
  • #18,448
  • Feb 25, 2014 8:40am Feb 25, 2014 8:40am
SESSION RECAP CURRENT PIP COUNT
GBPCAD -50 SL hit
EURUSD hit 3763 initially its +23 now (3753)
AUDUSD +20
GBPUSD +30 after a drop from 6725 for those who entered at 6675
GBPJPY +55 total
TOTAL:75 pip potential for today
  • #18,449
  • Feb 26, 2014 2:51am Feb 26, 2014 2:51am
Because of the triangle on H4 TF we need to have 2 possible scenarios in mind.EURUSD is ranging on higher TF ( H4) and we can see that there is accumulation phase going on. We should expect a breakout. How things are standing now iit looks like EURUSD has formed a bearish wedge within a strong bullish trend and a trendline which supports bulish zig zag. Now there are 2 possibilities. EURUSD can be rejected off 3730 to 3775-85 upside and breakout of that level targets 3800-3825. In the case of bearish wedge scenario, the pair could be rejected off 3770-75 aiming for wedge breakout below 3730 and on a strong momentum targeting 3685. Now pay attention to 3685 and mark it on your charts. Its a very important level as the break of 3685 aims for 3585.

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  • #18,450
  • Feb 26, 2014 4:41am Feb 26, 2014 4:41am
EURCAD should target 5300-5360 once breakout of 5255 happens and IF it happens. There is a head and shoulders pattern which can easily turn into a leaning W pattern if it fails. 5255 breakout should be also seen on MACD momentum and if its a substantial we should look for 5300-5360 targets.

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  • #18,451
  • Feb 26, 2014 6:22am Feb 26, 2014 6:22am
Quoting T@rantula
Because of the triangle on H4 TF we need to have 2 possible scenarios in mind.EURUSD is ranging on higher TF ( H4) and we can see that there is accumulation phase going on. We should expect a breakout. How things are standing now iit looks like EURUSD has formed a bearish wedge within a strong bullish trend and a trendline which supports bulish zig zag. Now there are 2 possibilities. EURUSD can be rejected off 3730 to 3775-85 upside and breakout of that level targets 3800-3825. In the case of bearish wedge scenario, the pair could be rejected off...
3740 rejection EURUSD going towards 3685.
  • #18,452
  • Feb 26, 2014 6:26am Feb 26, 2014 6:26am
Quoting T@rantula
Because of the triangle on H4 TF we need to have 2 possible scenarios in mind.EURUSD is ranging on higher TF ( H4) and we can see that there is accumulation phase going on. We should expect a breakout. How things are standing now iit looks like EURUSD has formed a bearish wedge within a strong bullish trend and a trendline which supports bulish zig zag. Now there are 2 possibilities. EURUSD can be rejected off 3730 to 3775-85 upside and breakout of that level targets 3800-3825. In the case of bearish wedge scenario, the pair could be rejected off...
Closed half short @3692 from 3729 (taken as BPC) trailing the stop now. Let's hope 3685 breaks. Many thanks T.
  • #18,453
  • Feb 26, 2014 6:34am Feb 26, 2014 6:34am
Quoting Stephen Thom
{quote} Closed half short @3692 from 3729 (taken as BPC) trailing the stop now. Let's hope 3685 breaks. Many thanks T.

Im glad I could help. You are welcome
  • #18,454
  • Feb 26, 2014 7:27am Feb 26, 2014 7:27am
I am very careful with long trades on EURUSD at the moment. EURUSD managed to break the above mentioned wedge meaning that EURCAD long breakout setup is invalid at the moment as the price went far off 5250 without breaking it. USD gained strength so pay attention to important levels.
  • #18,455
  • Feb 26, 2014 7:45am Feb 26, 2014 7:45am
Quoting T@rantula
I am very careful with long trades on EURUSD at the moment. EURUSD managed to break the above mentioned wedge meaning that EURCAD long breakout setup is invalid at the moment as the price went far off 5250 without breaking it. USD gained strength so pay attention to important levels.
I am still in this Eu/Usd short at the moment, hoping for much lower. Yes i noticed that on Eu/Cad, Eu has dropped across the board, Ej,.Eu/Aud, Eu/Nzd,etc.
  • #18,456
  • Feb 26, 2014 11:41pm Feb 26, 2014 11:41pm
Volume analysis of EU

spot the no-business-zones (NBZ)
In 3658-3676 we have now a support shelf (high -busines-zones/ distribution zones)
For keeping the bearish case it would be important, that price jumps not again above the 3698 to 3700 NBZ. Above thta we have of course our last days fighting zone with the 3718 to 3731 NBZ
If we break down, next hurdle is the 3638 to 3650 NBZ, followed by 3610 and around 3572
3510-3523 should see support, since it is a big distribution area
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  • #18,457
  • Feb 27, 2014 2:15am Feb 27, 2014 2:15am
Lets see GBPCHF. Nice pair to trade also. We have a classic zig zag forming and a sort of ascending triangle and inverted head and shoulders. Now mid term or intraweek it looks like it is targeting 4965 and dips towards 4800 could be bought and stops should go just below 4720. Inverted head and shoulders and zig zag trendline + triangle confluence around L3 suggest continuation of uptrend.

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  • #18,458
  • Feb 27, 2014 4:10am Feb 27, 2014 4:10am
USDCAD is probably aiming for 1.1175-1.1220. We have major swing trendline, intraweek and inner trendline confluence with L3 cammarila intraday levels. Multiple TF analysis can also be done with trendlines and macd. If we capture daily and intraweek momentum with intraday momentum we can see the technical picture.

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  • #18,459
  • Feb 27, 2014 4:15am Feb 27, 2014 4:15am
Quoting infinitus
Volume analysis of EU spot the no-business-zones (NBZ) In 3658-3676 we have now a support shelf (high -busines-zones/ distribution zones) For keeping the bearish case it would be important, that price jumps not again above the 3698 to 3700 NBZ. Above thta we have of course our last days fighting zone with the 3718 to 3731 NBZ If we break down, next hurdle is the 3638 to 3650 NBZ, followed by 3610 and around 3572 3510-3523 should see support, since it is a big distribution area {image}
Excellent analysis Markus!
  • #18,460
  • Edited 6:47am Feb 27, 2014 6:36am | Edited 6:47am
Quoting T@rantula
Lets see GBPCHF. Nice pair to trade also. We have a classic zig zag forming and a sort of ascending triangle and inverted head and shoulders. Now mid term or intraweek it looks like it is targeting 4965 and dips towards 4800 could be bought and stops should go just below 4720. Inverted head and shoulders and zig zag trendline + triangle confluence around L3 suggest continuation of uptrend. {image}
GBPCHF + 25 currently USDCAD +18 currently
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