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  • #4,521
  • Jun 17, 2014 12:51pm Jun 17, 2014 12:51pm
Quoting Olu
By the way guys euraud looks ready to rise after beaten down so much. There should be some serious pips in there somewhere. Comments anyone? olu
I think E/A is in a bear trend Olu. I'm still short.
I have no clue what I'm talking about.
  • #4,522
  • Jun 17, 2014 12:52pm Jun 17, 2014 12:52pm
Quoting Boy Wonder
{quote} I think E/A is in a bear trend Olu. I'm still short.

Sorry BW. I meant EurCad

Olu
If you think you can or cannot do it you are correct
  • #4,523
  • Jun 17, 2014 12:59pm Jun 17, 2014 12:59pm
By the way BW

I see the e/a has rallied 38.2% of the last move down as shown on the chart. this coincides with previous broken support. One can look out for a short here

Olu
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If you think you can or cannot do it you are correct
  • #4,524
  • Jun 17, 2014 1:07pm Jun 17, 2014 1:07pm
Quoting Olu
{quote} Sorry BW. I meant EurCad Olu
No worries mate, but I just looked at the E/CAD chart and it too looks like a sell to me. Bid red weekly bar last week. In my mind when it comes to any euro pair is, what if they're not finished? What if what they've announced is a stop-gap solution and if so, what if they're gearing up to do QE?
E/U could easily go sub-1.30.
What if E/CAD does this?
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I have no clue what I'm talking about.
  • #4,525
  • Edited 1:36pm Jun 17, 2014 1:26pm | Edited 1:36pm
Quoting Boy Wonder
{quote} No worries mate, but I just looked at the E/CAD chart and it too looks like a sell to me. Bid red weekly bar last week. In my mind when it comes to any euro pair is, what if they're not finished? What if what they've announced is a stop-gap solution and if so, what if they're gearing up to do QE? E/U could easily go sub-1.30. What if E/CAD does this? {image}

I hear you BW. Thanks. I will take your advice on this there is plenty of fish in the sea. So many that long eurxxx trades can be left well alone.

Olu
If you think you can or cannot do it you are correct
  • #4,526
  • Jun 17, 2014 1:47pm Jun 17, 2014 1:47pm
Quoting Olu
{quote} I hear you BW. Thanks. I will take your advice on this there is plenty of fish in the sea. So many that long eurxxx trades can be left well alone. Olu
It's not advice mate just the way I see it. But it could also come all the way back and create a double top before any massive fall. That's trading though I guess.
I have no clue what I'm talking about.
  • #4,527
  • Jun 17, 2014 2:43pm Jun 17, 2014 2:43pm
eurusd 5min

Just trying my hands on lower timeframe EW.
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If you think you can or cannot do it you are correct
  • #4,528
  • Jun 17, 2014 4:07pm Jun 17, 2014 4:07pm
Been waiting for G/U to roll over for ever...a weak CPI print today saw the pound sell off then predictably be bought back immediately (they can't let people make money trading the news LOL) but for the rest of the day it's been a bit soggy. I reckon the very last thing they want to do is raise rates so even when they do, it'll be with heavy heart, it'll be a miserly 0.25% and the next rise will be probably a good few months away.
Meanwhile, on a short-term basis it looks to be rolling over. This could be consolidation before another push higher but I doubt it.
Tomorrow could be interesting. Wondering if we see a small sell-off followed by a spike to a new high before a decent pull-back from last week's spike, which I reckon was probably just a short squeeze and an opportunity for longs to head to the exits.
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I have no clue what I'm talking about.
  • #4,529
  • Jun 17, 2014 5:16pm Jun 17, 2014 5:16pm
Quoting Boy Wonder
Been waiting for G/U to roll over for ever...a weak CPI print today saw the pound sell off then predictably be bought back immediately (they can't let people make money trading the news LOL) but for the rest of the day it's been a bit soggy. I reckon the very last thing they want to do is raise rates so even when they do, it'll be with heavy heart, it'll be a miserly 0.25% and the next rise will be probably a good few months away. Meanwhile, on a short-term basis it looks to be rolling over. This could be consolidation before another push higher...

We live in precarious times. gbp is strong because it is the best good news story out there. And yes I believe all this talk about interest rate rises will die out if we get a small burst of bad data. Unfortunately if this market is manipulated by the big boys we would only know after the fact. The permutations are just to complex for a simple trader like me just looking for a trend to jump on to and hang on for dear life. We'll see how this plays out but I want my trend

Olu
If you think you can or cannot do it you are correct
  • #4,530
  • Jun 17, 2014 5:49pm Jun 17, 2014 5:49pm
Gold - more upside? If price takes out the 1258 low the idea is wrong

Olu
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If you think you can or cannot do it you are correct
  • #4,531
  • Jun 17, 2014 11:31pm Jun 17, 2014 11:31pm
Quoting Olu
eurusd 5min Just trying my hands on lower timeframe EW. {image}
I am short EU (not sure yet about my TP). short AU also looks intersting, may be better than EU.
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  • #4,532
  • Jun 17, 2014 11:44pm Jun 17, 2014 11:44pm
Quoting rehab
{quote} I am short EU (not sure yet about my TP). short AU also looks intersting, may be better than EU. {image}
This pair has not 'moved' in the last 4 hours. I have a small short on just testing the small timeframe EW idea I put up yesterday (10min chart below). So far it held the upper boundaries but will it go down? Not forgetting it is FED day. Good luck Rehab on this trade

Olu
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If you think you can or cannot do it you are correct
  • #4,533
  • Jun 18, 2014 2:31pm Jun 18, 2014 2:31pm
Don't know about you guys but I been having trouble finding trends lately now I might have 2.

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  • #4,534
  • Jun 18, 2014 3:05pm Jun 18, 2014 3:05pm
This is the other one - RSI is a worry tho.

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  • #4,535
  • Jun 18, 2014 3:42pm Jun 18, 2014 3:42pm
Quoting stewrigh
Don't know about you guys but I been having trouble finding trends lately now I might have 2. {image}

We are in the same boat S. I just cant seem to find a good trend without whipsaws. I like the silver one and will look int it some more. Thanks

Olu
If you think you can or cannot do it you are correct
  • #4,536
  • Jun 18, 2014 4:02pm Jun 18, 2014 4:02pm
Silver Weekly Chart
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If you think you can or cannot do it you are correct
  • #4,537
  • Jun 18, 2014 4:12pm Jun 18, 2014 4:12pm
Gold Weekly
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If you think you can or cannot do it you are correct
  • #4,538
  • Jun 18, 2014 4:47pm Jun 18, 2014 4:47pm
usdjpy & jpy futures
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If you think you can or cannot do it you are correct
  • #4,539
  • Jun 18, 2014 4:56pm Jun 18, 2014 4:56pm
Quoting Olu
Gold Weekly {image}
The close of today (combined with yesterday retrace) is not good for my idea of more down to come before any up-move. So, you might be very well right Olu. Waiting to see
  • #4,540
  • Jun 19, 2014 8:58am Jun 19, 2014 8:58am
you were right Olu , exited my short gold, and my short EU.
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