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  • #20,781
  • Feb 2, 2015 6:19am Feb 2, 2015 6:19am
Quoting T@rantula
SO the first target has been met. 5000 break is needed for further continuation.

GBPUSD will now go back up to 1.5150?
  • #20,782
  • Feb 2, 2015 6:20am Feb 2, 2015 6:20am
Quoting PariCovek
AUD/USD looks like its starting to break north...
Exactly, remember what we talked on Friday.

Quoting kalyan
{quote} Thats a scalp from 135-132.
Yes, looks like it
  • #20,783
  • Feb 2, 2015 6:44am Feb 2, 2015 6:44am
CADJPY: Weekly trendline and fib confluence at 93.75 could give a short for 92.20.
Attached Image (click to enlarge)
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  • #20,784
  • Feb 2, 2015 10:06am Feb 2, 2015 10:06am
Quoting matjaz1982
{quote} GBPUSD will now go back up to 1.5150?
I dont think so. As I analyzed, there was no trend setup, only breakout setup. 5105 should be broken before it goes to 51xx
  • #20,785
  • Feb 2, 2015 6:15pm Feb 2, 2015 6:15pm
RBA announcement soon. Lets see if RBA will give us a potential trade during LO session.
  • #20,786
  • Feb 2, 2015 6:16pm Feb 2, 2015 6:16pm
Quoting kalyan
CADJPY: Weekly trendline and fib confluence at 93.75 could give a short for 92.20. {image}
  • #20,787
  • Edited 9:35pm Feb 2, 2015 8:08pm | Edited 9:35pm
Quoting T@rantula
RBA announcement soon. Lets see if RBA will give us a potential trade during LO session.
Hi all & T, how do you think that will play out?
//

They cut rates .25 ..
was very light footed in that market, did not like how things is moving.. did not make much off it.
Oh well, squared and regroup now.
we'll see
Fall in love with the process, and the outcome takes care of itself.
  • #20,788
  • Feb 2, 2015 10:26pm Feb 2, 2015 10:26pm
I expect AUD to hit 7500 sooner than later now.

RBA obviously felt they needed to act based on expectations, rather than explain themselves for no rate cut.
  • #20,789
  • Feb 2, 2015 11:13pm Feb 2, 2015 11:13pm
Quoting T@rantula
{quote}
Missed my pending in 15 pips chief... I think may get another chance..
  • #20,790
  • Feb 2, 2015 11:28pm Feb 2, 2015 11:28pm
Quoting kalyan
CADJPY: Weekly trendline and fib confluence at 93.75 could give a short for 92.20. {image}

Progressing well.
  • #20,791
  • Feb 3, 2015 2:32am Feb 3, 2015 2:32am
Quoting RelaxRay
{quote} Hi all & T, how do you think that will play out? // They cut rates .25 .. was very light footed in that market, did not like how things is moving.. did not make much off it. Oh well, squared and regroup now. we'll see
I was sleeping, no position except GBPUSD Yes, the rate was cut and we could expect 7500

Quoting PariCovek
I expect AUD to hit 7500 sooner than later now. RBA obviously felt they needed to act based on expectations, rather than explain themselves for no rate cut.
I agree with you. That was also what mr.Stevens ( governor of RBA ) said couple of months ago.
  • #20,792
  • Feb 3, 2015 2:33am Feb 3, 2015 2:33am
aud usd for my opinion still down base on simple ma 20 1d .
catch this move last leg 20 pibs nzd cad
T can you recomend one book whit patterns they are making my entries simplier
i´m using just ma 20 1d to trent , 4h 1h patterns to entries
this megaphone pattern ? i think it is
Attached Image (click to enlarge)
Click to Enlarge Name: megaphone.png Size: 77 KB
Scalping
  • #20,793
  • Feb 3, 2015 3:45am Feb 3, 2015 3:45am
Quoting PariCovek
If anyone is interested in Copper trading, Sunday and Monday has a swag of Manufacturing PMI data. Could be a good day to buy Copper contracts (futures) as a day trade, as it has been trading at cheap level in USD terms. Most critical is Chinese, US and German Manufacturing PMI, scores over 50 is a good signal to buy. It explains why copper buying was happening on Friday last week ahead of the data. Stay tuned.
High PMI Manufacturing numbers across the globe sent Copper up 2.47/lb to 2.59/lb, this would've been a very profitable trade.

Copper has broken out of its down trend and its a question of whether it will continue on this path. Copper is held in tight supply, with a small surplus forecast in 2015, however, there is always mine disruptions, etc that keep supply in check.
  • #20,794
  • Feb 3, 2015 4:12am Feb 3, 2015 4:12am
Quoting guguxpto
aud usd for my opinion still down base on simple ma 20 1d . catch this move last leg 20 pibs nzd cad T can you recomend one book whit patterns they are making my entries simplier i´m using just ma 20 1d to trent , 4h 1h patterns to entries this megaphone pattern ? i think it is {image}
Its not a megaphone. Its a descending channel. And yes AUDUSD is down today due to 0.25 % rate cut. Will do the analysis during the day.
  • #20,795
  • Feb 3, 2015 4:14am Feb 3, 2015 4:14am
Is there any Indicator that will auto draw S/R levels ?

Thanks.
Trend Is Friend
  • #20,796
  • Feb 3, 2015 4:16am Feb 3, 2015 4:16am
Quoting polatok
Is there any Indicator that will auto draw S/R levels ? Thanks.
Here you go

http://www.forexfactory.com/showthre...65#post7959665
  • #20,797
  • Feb 3, 2015 4:17am Feb 3, 2015 4:17am
Quoting PariCovek
{quote} High PMI Manufacturing numbers across the globe sent Copper up 2.47/lb to 2.59/lb, this would've been a very profitable trade. Copper has broken out of its down trend and its a question of whether it will continue on this path. Copper is held in tight supply, with a small surplus forecast in 2015, however, there is always mine disruptions, etc that keep supply in check.
Interesting correlation. So the copper is heavily correlated to PMI ( historical and intraday )?
  • #20,798
  • Feb 3, 2015 4:30am Feb 3, 2015 4:30am
Technology/Electronics/Cars - All under the Manufacturing umbrella definitely.

Also, Construction PMI as well.

Just an example, Copper in cars many years ago didn't exceed more than 3kg. Now a conventional car contains 15kg of copper on average, hybrid cars contain 30-40kg, and a full electric vehicle, 60kg.

Chinese electronic grid is going to require massive amounts of copper in the future, same when India goes on a similar Investment binge once their economic reforms are complete. As they say there is tight supply, it was no wonder that many Copper Mines didn't execute hedging when the price went down, as they have bullish expectations on the supply constraints. Supply grades in Mines are decreasing, and it takes many years for them to develop. That's why BHP and Rio Tinto have been investing heavily into Copper (ahead of other Metals/Minerals).
  • #20,799
  • Feb 3, 2015 4:33am Feb 3, 2015 4:33am
Manufacturing PMI was slightly contracting in China, which sent Copper price down, but with depreciating Euro, PMI numbers in European manufacturing were quite strong, causing the price to go higher and break the down cycle it appears so far.
  • #20,800
  • Feb 3, 2015 4:40am Feb 3, 2015 4:40am
Quoting EternalNewB
{quote} Here you go http://www.forexfactory.com/showthre...65#post7959665

i am confused how to use use this indicator. please if anyone can explain that will be good.

thanks.
Trend Is Friend
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