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  • #481
  • May 28, 2014 4:19am May 28, 2014 4:19am
Quoting ruffryders
gbp usd short sell @ bid now 6786 sl 6860 tp1 6580 tp2 6480 (can take a week).
running P/L +41 points. SL @ BE. keep position.
  • #482
  • May 28, 2014 4:20am May 28, 2014 4:20am
Quoting ruffryders
two new live setups. AUD USD SHORT SELL @ BID 9235 SL 40 TP 120 points. NZD USD SHORT SELL @ BID 8533 SL 40 TP 120 points.
AUD running P/L - 2 points. NZD P/L + 45 points. SL to BE. keep position.
  • #483
  • May 28, 2014 4:22am May 28, 2014 4:22am
Quoting ruffryders
{quote} EUR USD running P/L + 72 points keep position
EUR USD running P/L + 83 points. keep position. SL already at BE.
  • #484
  • May 28, 2014 4:25am May 28, 2014 4:25am
Dan how is it going bro?
  • #485
  • May 28, 2014 4:32am May 28, 2014 4:32am
NZD USD thanks bitch! Going at it hard now. 8500 - see ya laters alligator.
  • #486
  • May 28, 2014 7:07am May 28, 2014 7:07am
Pound is tanking Ruff. And I am in.


Olu
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If you think you can or cannot do it you are correct
  • #487
  • May 28, 2014 7:16am May 28, 2014 7:16am
Quoting Olu
Pound is tanking Ruff. And I am in. Olu {image}
Great Olu, congrats, published this trade/analysis a while ago here also. In fact multiple times I pointed that pound will not sell off before 25th May, because of the AstraZeneca deal. Now since it's a no deal, no more support on GBP USD. It's over.
  • #488
  • May 28, 2014 8:08am May 28, 2014 8:08am
Headline like that published on Bloomberg should raise a big red flag. I'd expect a sell off to be triggered shortly.
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  • #489
  • May 28, 2014 10:21am May 28, 2014 10:21am
gbp nzd h4 update. Bull flag in an uptrend. Long once h4 candle full body closes above orange area. Sl 60 tp 120.
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  • #490
  • May 28, 2014 10:26am May 28, 2014 10:26am
gbp aud monthly is in clear uptrend. Touch of psych number @ 8000 should represent a very good buying opportunity.
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  • #491
  • Edited 10:43am May 28, 2014 10:29am | Edited 10:43am
gbp jpy is strongly bearish currently. Below is weekly chart. We are locking in the range of 163-173. Good chance we will test bottom of the range. Recommended to short sell pullbacks/retraces.
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  • #492
  • May 28, 2014 10:52am May 28, 2014 10:52am
You know R i really don't think gbp aud is in a uptrend ,

Quoting ruffryders
gbp aud monthly is in clear uptrend. Touch of psych number @ 8000 should represent a very good buying opportunity. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #493
  • May 28, 2014 10:57am May 28, 2014 10:57am
B, see below. This is D1 chart of GBP AUD. Point 4 TL was broken with a strong green candle. We need a re-test of psych 8000 to BUY BACK.

B, the way I see it on GBPAUD. First, we had a decent H&S pattern, which sent us from 8700 to 7700 (down 1000 points).
Then we had a DB bottom @ 7780-7820.

Now we have an upward breakout of the TL, which is bullish price action. I'd look to BUY back @ 8000, if I see a decent candle setup. If price takes 8000 and move lower, I'd ignore the setup.
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  • #494
  • May 28, 2014 11:02am May 28, 2014 11:02am
gbp nzd weekly chart. My take. We are into making a massive h&s pattern, which overshadows the recent h&s in gbpaud. This could be a massive 1 000 + points short trade.
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  • #495
  • May 28, 2014 11:10am May 28, 2014 11:10am
Quoting ruffryders
gbp nzd weekly chart. My take. We are into making a massive h&s pattern, which overshadows the recent h&s in gbpaud. This could be a massive 1 000 + points short trade. {image}
This chart I actually think is bad for my current trades (SHORT NZD USD). If GBP NZD H&S is confirmed (find out in 300 points time), I will have to exit all my positions on NZD USD.

The good thing is that I sold part of NZD USD position already, and got into AUD USD shorts (40% NU 60% AU shorts now).

Guys, if GBP NZD H&S is confirmed, it's a safe SHORT trade for 1000+ points and NZD USD LONG trade can be triggered.
  • #496
  • May 28, 2014 11:18am May 28, 2014 11:18am
Traders, here's my preffered scenarion on NZD USD for this summer. Likely that we will reach 8100-8150 area (80% confident).

Once we reach 8150, which is YEAR PIVOT on NZD USD I see a major risk of reversal. Once we reverse @ 8150, we can then enter a LONG trade for 8900.
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  • #497
  • May 28, 2014 11:21am May 28, 2014 11:21am
GBP NZD / NZD USD SUMMARY:

1) GBP NZD WE HAVE A MASSIVE H&S PATTERN IN THE MAKING ON WEEKLY CHART
2) RIGHT SHOULDER LIKELY TO COME OUT TOPPING 5-15TH JULY 2014 (SYMMETRY)
3) GBP NZD STILL HAS 300-400 POINTS TO RUN UP (TO 2.0040)
4) LOW RISK TRADE - ENTER SHORT ONCE RS CONFIRMED NEAR 2.0040 (+-80 POINTS) IN JULY 2014

5) NZD USD STILL HAS A LOT OF ROOM TO FALL. CURRENT BID IS 8487.
6) NZD USD YEAR PIVOT IS 8150-8200.
7) WE STILL HAVE 250+ POINTS TO DROP ON NZD USD BEFORE YEAR PIVOT AND H&S ON GBP NZD
8) CURRENTLY - HOLD NZD USD SHORTS.
9) ONCE WE REACH 8150-8200 LOOK FOR REVERSAL AND ENTER LONG

GOOD LUCK TRADERS!
  • #498
  • May 28, 2014 11:23am May 28, 2014 11:23am
Finally, don't forget to monitor USDX. Once we reach the projected high, expect dollar to sell off.
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  • #499
  • May 28, 2014 11:28am May 28, 2014 11:28am
Quoting ruffryders
B, see below. This is D1 chart of GBP AUD. Point 4 TL was broken with a strong green candle. We need a re-test of psych 8000 to BUY BACK. B, the way I see it on GBPAUD. First, we had a decent H&S pattern, which sent us from 8700 to 7700 (down 1000 points). Then we had a DB bottom @ 7780-7820. Now we have an upward breakout of the TL, which is bullish price action. I'd look to BUY back @ 8000, if I see a decent candle setup. If price takes 8000 and move lower, I'd ignore the setup. {image}
B, I really think that's what's going to happen, since this also confirms the AUD USD short setup. ON AUD USD I see massive downside - like literally 8200-8400 within few months. I think the China slowdown will kick in high gear + gold will sell off badly (already started).

+ on AUD USD I just can't ignore the fact that AUD reached 9450 and got rejected. 9450 is 2014 year pivot bro. next is sup1 @ 8300 and sup2 @ 7600 this year.
  • #500
  • May 28, 2014 11:53am May 28, 2014 11:53am
B, here's 99-day/stick chart (max res I can get). It's clear that GAU is rounded bottom @ at key demand zone currently.
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