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  • #901
  • Mar 20, 2014 2:45pm Mar 20, 2014 2:45pm
Another H&S??

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  • #902
  • Mar 21, 2014 3:36am Mar 21, 2014 3:36am
Golden Cross

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  • #903
  • Mar 21, 2014 10:14pm Mar 21, 2014 10:14pm
Quoting stewrigh
Golden Cross {image}
Yeah this is looking nice.
The pullback could go deeper but I got long yesterday after price pulled back to my value zone and was within a bees dick of the EMA200 also.

The latest COT included two of the sell off days but you cannot see it in the positioning. I expected to see a reduction in the longs from the Funds but could not see it. I can only guess that they held even more longs and then cut a few by the time of reporting COB Tuesday. Anyway perhaps a clearer picture will emerge next report which will include the third sell off day.

The current positioning profile is classic and steady......
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  • #904
  • Mar 21, 2014 10:24pm Mar 21, 2014 10:24pm
Got long the AUD/USD also yesterday.
I am still bullish even though there is overhead resistance nearby.
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  • #905
  • Mar 21, 2014 10:27pm Mar 21, 2014 10:27pm
GBPCAD still dribbling around.....def got in too early but still holding out for a meltdown.
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  • #906
  • Mar 22, 2014 5:57am Mar 22, 2014 5:57am
Quoting mypipbull
{quote} Yeah this is looking nice. The pullback could go deeper but I got long yesterday after price pulled back to my value zone and was within a bees dick of the EMA200 also. The latest COT included two of the sell off days but you cannot see it in the positioning. I expected to see a reduction in the longs from the Funds but could not see it. I can only guess that they held even more longs and then cut a few by the time of reporting COB Tuesday. Anyway perhaps a clearer picture will emerge next report which will include the third sell off day....
What's your value zone Mike?
  • #907
  • Mar 22, 2014 8:55am Mar 22, 2014 8:55am
Quoting mypipbull
{quote} Yeah this is looking nice. The pullback could go deeper but I got long yesterday after price pulled back to my value zone and was within a bees dick of the EMA200 also. The latest COT included two of the sell off days but you cannot see it in the positioning. I expected to see a reduction in the longs from the Funds but could not see it. I can only guess that they held even more longs and then cut a few by the time of reporting COB Tuesday. Anyway perhaps a clearer picture will emerge next report which will include the third sell off day....
a reversed pb formed on h4 below 20 ma yesterday
yesterday the daily candle with an upper tail shown, also below 20 ma
imho: a sign of resuming heading south for next week as a near term reaction

anyway let's see how it turns out next week
cheers
  • #908
  • Mar 22, 2014 9:03am Mar 22, 2014 9:03am
Quoting mypipbull
GBPCAD still dribbling around.....def got in too early but still holding out for a meltdown. {image}
you are right on her
it has been a month now
she has attempted to break up but failed 4 times
my view on her here
http://www.forexfactory.com/showthre...73#post7357273

mypip, did you short her on 21-Feb?
i see she would eventually go south due weak cable

cheers
  • #909
  • Mar 22, 2014 10:36am Mar 22, 2014 10:36am
Re GBPCAD - I've been watching this for a while now and I think the long term trend will resume over the next week or so. On the monthly chart the 50 fib is 9160 my first target - I am expecting a breakout north above 87 and I'll be looking for supportive PA then. Also look at the 20 MA seems to offer good support and the pullbacks have been getting weaker and weaker.

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  • #910
  • Mar 22, 2014 11:00am Mar 22, 2014 11:00am
Another good RR play. Especially now Yellen is talking about tapering and raising interest rates.

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  • #911
  • Mar 23, 2014 10:26am Mar 23, 2014 10:26am
Quoting stewrigh
Getting interested in this now {image}
Looks like this playing ball now - I have a problem tho - I think gbpcad looks buulish but this looks bearish - can't see them both playing out so I better wait a bit longer.


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  • #912
  • Mar 25, 2014 9:26pm Mar 25, 2014 9:26pm
Quoting stewrigh
{quote} What's your value zone Mike?
Its just a band around the EMA55, using the highs and lows instead of close.
  • #913
  • Mar 25, 2014 9:27pm Mar 25, 2014 9:27pm
Quoting tlpfx14
{quote} a reversed pb formed on h4 below 20 ma yesterday yesterday the daily candle with an upper tail shown, also below 20 ma imho: a sign of resuming heading south for next week as a near term reaction anyway let's see how it turns out next week cheers
Fair enough....its proved to be quite a move down.....at a pretty critical level now too.
  • #914
  • Mar 25, 2014 9:29pm Mar 25, 2014 9:29pm
Quoting tlpfx14
{quote} you are right on her it has been a month now she has attempted to break up but failed 4 times my view on her here http://www.forexfactory.com/showthre...73#post7357273 mypip, did you short her on 21-Feb? i see she would eventually go south due weak cable cheers
I shorted on the 3rd March.
While the setup is there for a good decline its failed to materialise yet. I certainly got in to early on this one and its just chopping away.
  • #915
  • Mar 25, 2014 9:31pm Mar 25, 2014 9:31pm
Quoting stewrigh
Re GBPCAD - I've been watching this for a while now and I think the long term trend will resume over the next week or so. On the monthly chart the 50 fib is 9160 my first target - I am expecting a breakout north above 87 and I'll be looking for supportive PA then. Also look at the 20 MA seems to offer good support and the pullbacks have been getting weaker and weaker. {image} {image}
looks like a bit of an ascending triangle....will probably have a bullish pop......that would sum up my accuracy in directional bias lately
  • #916
  • Mar 25, 2014 9:33pm Mar 25, 2014 9:33pm
Quoting stewrigh
Another good RR play. Especially now Yellen is talking about tapering and raising interest rates. {image}
I will probably follow the stupid money and buy a deeper pullback because they won't let this 'slam dunk buy' die without a fight....may as well attempt to cash in on it....
  • #917
  • Mar 25, 2014 9:36pm Mar 25, 2014 9:36pm
Quoting stewrigh
{quote} Looks like this playing ball now - I have a problem tho - I think gbpcad looks buulish but this looks bearish - can't see them both playing out so I better wait a bit longer. {image}
I have this flagged as a COT sell so I will pursue a short if I get a chance.....
The primary trend is still strongly up in both pairs......making the decision hard for sure
  • #918
  • Mar 26, 2014 4:49am Mar 26, 2014 4:49am
Quoting mypipbull
Got long the AUD/USD also yesterday. I am still bullish even though there is overhead resistance nearby. {image}
Starting to get some traction now......
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  • #919
  • Mar 26, 2014 5:03am Mar 26, 2014 5:03am
Quoting mypipbull
{quote} Starting to get some traction now...... {image}
Nice trade MPB
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #920
  • Mar 26, 2014 6:05am Mar 26, 2014 6:05am
Quoting mypipbull
{quote} Starting to get some traction now...... {image}
Don't ya just love it when a plan comes together lol - nice one.
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