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  • #4,061
  • Apr 15, 2014 1:48am Apr 15, 2014 1:48am
Quoting rendite
Hi Schick I could see the merit in taking a long based on the last 4hr candle but it's not for me. I like last week's price action, nice strong wkly. candle but I wouldn't be certain that it's made the low for this week yet [.8248 is probable in my eyes]. Yesterday's PA was bearish and I personally would be cautious on taking a EG long today. I'll wait today out and depending on today's PA look to enter tomorrow if we get somekind of reversal bar. Should that kind on senario develop my entey point would be on a test into .826. Best of luck. What's...
EURGBP

0.85356 or 0.86424
  • #4,062
  • Apr 15, 2014 1:52am Apr 15, 2014 1:52am
Quoting andexQ
Good day, Anyone has opinion about Chinese Yuan (USDCNH or USDCNY) ? Hi Schickeria.. Cheers.
Hi andex,

would be nice to see what you are thinking and to see your analysis incl. Chart - than we can discuss about.

Cheers

Andechs Weizen Bier
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  • #4,063
  • Apr 15, 2014 1:52am Apr 15, 2014 1:52am
Quoting Schickeria
{quote} I agree but we need 1.3802 before we go upwards. I don't trade this - and i don't want to burn my money and invest on EU atm. If is anyone trading realmoney on this moves - this is a real Kamikaze for me. As i said yesterday we can drop easy to 1.3773 or 1.37626 before we going to close GAP.
I agree with you 100%, EU trading is crap lately, range compressing from 80 to 70 to 60 and now 50 points/day.
  • #4,064
  • Apr 15, 2014 1:57am Apr 15, 2014 1:57am
Quoting Schickeria
GBPUSD we should not see lower lows atm.. buy below 1.67148 or 1.6705 with target 1.67585 in extension 1.67875 {image}
fwiw in the last 3 London sessions, London has made a high for the rest of the day within the first hour of the opening..
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Patience is a virtue...
  • #4,065
  • Apr 15, 2014 1:58am Apr 15, 2014 1:58am
Quoting Schickeria
{quote} Hi andex, would be nice to see what you are thinking and to see your analysis incl. Chart - than we can discuss about. Cheers Andechs Weizen Bier {image}
nice trading setup there!
  • #4,066
  • Apr 15, 2014 1:58am Apr 15, 2014 1:58am
Quoting ruffryders
{quote} I agree with you 100%, EU trading is crap lately, range compressing from 80 to 70 to 60 and now 50 points/day.
i invested today on EURGBP and i stay away from GBPUSD and EURUSD.

It looks good atm.... with EURGBP. NICE PUMP
  • #4,067
  • Apr 15, 2014 1:58am Apr 15, 2014 1:58am
Quoting ruffryders
{quote} I agree with you 100%, EU trading is crap lately, range compressing from 80 to 70 to 60 and now 50 points/day.
compressions always induces break outs

hope everbody is well!

J
Hero calls followed by margin calls...
  • #4,068
  • Apr 15, 2014 2:06am Apr 15, 2014 2:06am
Quoting ruffryders
{quote} nice trading setup there!
i think we have here rules to follow and this is the only way to discuss serious about trading.

and this way is not difficult to follow.

http://www.forexfactory.com/showthread.php?t=451157
  • #4,069
  • Apr 15, 2014 2:07am Apr 15, 2014 2:07am
Quoting Schickeria
{quote} Hi andex, would be nice to see what you are thinking and to see your analysis incl. Chart - than we can discuss about. Cheers Andechs Weizen Bier {image}

Well, not many interested with Chinese Yuan so would be nice if found one to discuss... thanks for beers

I think USDCNH is at resistance level for Weekly chart but i'm not sure... so what do you think ?

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  • #4,070
  • Apr 15, 2014 2:07am Apr 15, 2014 2:07am
Quoting andexQ
Good day, Anyone has opinion about Chinese Yuan (USDCNH or USDCNY) ? Hi Schickeria.. Cheers.
Hi, I somehow in vain tried to revive this thread: http://www.forexfactory.com/showthre...92#post7394192 Nothing there... do you have any opinion? A good starting point would be if you'd have a broker chart going back more than 2012, which is the only one I got... (Edit: just saw your post, good job, thanks!) I'd really like to see more discussion about that currency, only one doing it regularly seems to be Citiboy (
Quoting Citiboy
Yuan through 6.23... now under 500 pips from the bottom of the band. If it ever gets there... pray for the US bond market.
)

@Schick: yeah, I think so, but myself looking to take profit on some bad GU shorts, just missed tp by friggin' 0.4 pips, again.... Hope this is not a f... frankie fake and price will return, quickly. Would like to short higher up.

Edit: GU
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Fail better.
  • #4,071
  • Apr 15, 2014 2:14am Apr 15, 2014 2:14am
Quoting LarryDarrell
{quote} Hi, I somehow in vain tried to revive this thread: http://www.forexfactory.com/showthre...92#post7394192 Nothing there... do you have any opinion? A good starting point would be if you'd have a broker chart going back more than 2012, which is the only one I got... (Edit: just saw your post, good job, thanks!) I'd really like to see more discussion about that currency, only one doing it regularly seems to be Citiboy ({quote}) @Schick: yeah, I think so, but myself looking to take profit on some bad GU shorts, just missed...
GBPUSD

lets see if it works now the upside move.
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  • #4,072
  • Apr 15, 2014 2:14am Apr 15, 2014 2:14am
Quoting andexQ
{quote} Well, not many interested with Chinese Yuan so would be nice if found one to discuss... thanks for beers I think USDCNH is at resistance level for Weekly chart but i'm not sure... so what do you think ? {image}
The basis problem is that it is a (even more than normal) manipulated currency, unreliable data, political brinkmanship, etc. So for my taste especially difficult to trade with a TA-perspective. But, someday we have to take the jump, don't we... Is this all the historical data you have (to 2010), or even more?
Fail better.
  • #4,073
  • Apr 15, 2014 2:22am Apr 15, 2014 2:22am
Quoting LarryDarrell
{quote} Hi, I somehow in vain tried to revive this thread: http://www.forexfactory.com/showthre...92#post7394192 Nothing there... do you have any opinion? A good starting point would be if you'd have a broker chart going back more than 2012, which is the only one I got... (Edit: just saw your post, good job, thanks!) I'd really like to see more discussion about that currency, only one doing it regularly seems to be Citiboy ({quote}) @Schick: yeah, I think so, but myself looking to take profit on some bad GU shorts, just missed...
looking first time on USD/CNH chart in my life.
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  • #4,074
  • Apr 15, 2014 2:25am Apr 15, 2014 2:25am
Quoting LarryDarrell
{quote} The basis problem is that it is a (even more than normal) manipulated currency, unreliable data, political brinkmanship, etc. So for my taste especially difficult to trade with a TA-perspective. But, someday we have to take the jump, don't we... Is this all the historical data you have (to 2010), or even more?
Hi Larry.. Greetings.

I have data from May 2009 but until Apr 2010 is Flat (no significant move), so for Weekly analysis i think Apr 2010 is fresh starting point... isn't it ?
  • #4,075
  • Apr 15, 2014 2:27am Apr 15, 2014 2:27am
Quoting Schickeria
{quote} looking first time on USD/CNH chart in my life. {image} {image}
The upper one is CNY. As far as I get it, CNH is the Hongkong Yuan, Offshore, while CNY is inshore. This is one of the things I need to get straight, exchange centers are propping up over the world, now in Frankfurt, and I don't know if they trade the offshore yuan or the mainland currency (which used to be prohibited to get out of the country). Questions, questions....

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my chart today
Fail better.
  • #4,076
  • Apr 15, 2014 2:33am Apr 15, 2014 2:33am
Quoting LarryDarrell
{quote} The basis problem is that it is a (even more than normal) manipulated currency, unreliable data, political brinkmanship, etc. So for my taste especially difficult to trade with a TA-perspective. But, someday we have to take the jump, don't we... Is this all the historical data you have (to 2010), or even more?
As i can see - this is not my prefered pair to trade.

A real manipulated shittly pair.

By the way = if short only above 61,8% = 6.25034

As i can see this is a corrective a-b-c flat. We finished wave 3 @ 6.21627 and we are in wave 5 now with target 6.29213.

i'm not sure on that what i post now - LarryDarrell is right - a historical data would be nice to see.

I would never ever invest one cent on this currency
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  • #4,077
  • Apr 15, 2014 2:37am Apr 15, 2014 2:37am
Quoting Schickeria
{quote} I agree but we need 1.3802 before we go upwards. I don't trade this - and i don't want to burn my money and invest on EU atm. If is anyone trading realmoney on this moves - this is a real Kamikaze for me. As i said yesterday we can drop easy to 1.3773 or 1.37626 before we going to close GAP.
ok 1.3802 hit

do we see now a GAP close ????
  • #4,078
  • Apr 15, 2014 2:42am Apr 15, 2014 2:42am
Quoting Schickeria
{quote} As i can see - this is not my prefered pair to trade. A real manipulated shittly pair. By the way = if short only above 61,8% = 6.25034 As i can see this is a corrective a-b-c flat. We finished wave 3 @ 6.21627 and we are in wave 5 now with target 6.29213. i'm not sure on that what i post now - LarryDarrell is right - a historical data would be nice to see. I would never ever invest one cent on this currency {image}

Aha, EW analysis is what i looking for
  • #4,079
  • Apr 15, 2014 2:47am Apr 15, 2014 2:47am
Quoting andexQ
{quote} Hi Larry.. Greetings. I have data from May 2009 but until Apr 2010 is Flat (no significant move), so for Weekly analysis i think Apr 2010 is fresh starting point... isn't it ?
If you post the data from May 2009 - we can better discuss.
  • #4,080
  • Apr 15, 2014 2:53am Apr 15, 2014 2:53am
Quoting Schickeria
{quote} If you post the data from May 2009 - we can better discuss.
This is all i have, btw i moved my sell order to 6.24

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