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  • #20,921
  • Feb 17, 2015 6:49am Feb 17, 2015 6:49am
Quoting MaryAnne
{quote} Thanks and wow so bulls still holding the reins? Ok... just checking and wondering if this will be another mansion speech repeat incident hmmm. Tomorrow BOE news will be high impact. Wonder what will happen if say 2 vote for cut and 2 vote for hike. Strange thing is other GBP pairs like GBPAUD and GBPJPY seem poised for a fall, just wondering why GU keeps rising. Maybe dollar weakness showing
Thats why u need to manage the trade accordingly. I have been stopped out for +40 on GBPUSD. 5350 is crucial level as it was a previous breakout point + we can see near term buyers there. Never underestimate historical/near term PA.

Also USD was losing the ground in LO session by EUR. NY session starts soon. We will see.
  • #20,922
  • Feb 17, 2015 7:19am Feb 17, 2015 7:19am
Quoting T@rantula
{quote} Thats why u need to manage the trade accordingly. I have been stopped out for +40 on GBPUSD. 5350 is crucial level as it was a previous breakout point + we can see near term buyers there. Never underestimate historical/near term PA. Also USD was losing the ground in LO session by EUR. NY session starts soon. We will see.
Yeah jus thought to check your analysis because some people are calling GBP at bottoms already and saying it should rise, but fundamentally I find it unlikely for a new trend to start now with election risks looming

Closed a few tiny shorts on GJ already, looking to see how low GBPAUD will fall... and yea though tbh I do see .5338 as first line of defence for bulls, and first attempt to break today failed. Let's see if they can break it this time... imo bulls would want better prices to long from, while bears would want to close below .5350 so, common ground seems poised around .5300?

Am just wondering if this is indeed the "bottom" if nothing much has changed fundamentally
  • #20,923
  • Feb 17, 2015 9:59am Feb 17, 2015 9:59am
Quoting calderone
Hey T! Just dropping in to say hello and thanks again for your range bar strategy. As I mentioned elsewhere to you, I am trading futures ES but mostly CL. Once you adjust the range bar for the particular market-it is extremely good about keeping you with the move and in the right direction. I am up 23% on my account trading conservatively with just one contract. I get my daily target and then I walk away. You must have put a lot of effort into this system and it shows. I am in your debt and make sure you let me know if you're ever in Miami as my...
Where is that range bar strategy?
  • #20,924
  • Feb 17, 2015 10:48am Feb 17, 2015 10:48am
Quoting MaryAnne
{quote} Y. imo bulls would want better prices to long from, while bears would want to close below .5350 so, common ground seems poised around .5300?
Exactly!
  • #20,925
  • Feb 17, 2015 11:19am Feb 17, 2015 11:19am
Quoting Kukorica
{quote} Where is that range bar strategy?
This is what you might be looking for......http://www.admiralmarkets.com.au/webinars/video143Kind regards, Marty
It's not about how much you make, it's about how much you don't lose
  • #20,926
  • Feb 17, 2015 11:30am Feb 17, 2015 11:30am
Quoting martyhype
{quote} This is what you might be looking for......http://www.admiralmarkets.com.au/webinars/video143Kind regards, Marty
Sorry guys the link is not working, (mobile phones and fat fingers do not go together).Lets try againwww.admiralmarkets.com.au/webinars/video143If this does not work just go to admiral markets website and use the search feature.
It's not about how much you make, it's about how much you don't lose
  • #20,927
  • Feb 17, 2015 11:41am Feb 17, 2015 11:41am
Quoting martyhype
{quote} Sorry guys the link is not working, (mobile phones and fat fingers do not go together).Lets try againwww.admiralmarkets.com.au/webinars/video143If this does not work just go to admiral markets website and use the search feature.
Yes its free for all ! If you have any questions regarding FRBpro strategy feel free to ask me here in Spider's Den. That was one of the strategies i used in EURUSD scalping. But as you can see, our friend CALDERONE is using it to trade contracts, futures.

I really love to hear from other traders, when they are successful in other markets also.
  • #20,928
  • Feb 17, 2015 2:23pm Feb 17, 2015 2:23pm
Thank you so much Nenad, i just download the video so i can watch it and repeat it offline.
  • #20,929
  • Feb 17, 2015 2:33pm Feb 17, 2015 2:33pm
Quoting T@rantula
{quote} Exactly!
thanks for checking my analysis lol.

BTW I will also download and watch the video later

Thanks again!!!
  • #20,930
  • Feb 17, 2015 2:45pm Feb 17, 2015 2:45pm
Quoting martyhype
{quote} Sorry guys the link is not working, (mobile phones and fat fingers do not go together).Lets try againwww.admiralmarkets.com.au/webinars/video143If this does not work just go to admiral markets website and use the search feature.
Quoting T@rantula
{quote} Yes its free for all ! If you have any questions regarding FRBpro strategy feel free to ask me here in Spider's Den. That was one of the strategies i used in EURUSD scalping. But as you can see, our friend CALDERONE is using it to trade contracts, futures. I really love to hear from other traders, when they are successful in other markets also.
Thank you!
  • #20,931
  • Feb 18, 2015 2:23am Feb 18, 2015 2:23am
AUDJPY has broken above the running triangle top and ex resistance ( running triangle top trend line ) is now support. It is an inner trend line and it is making a confluence at 92.50-92.60 zone. DPP and L3 are also part of POC and we might expect a bounce in this area. AUDJPY is targeting 93.65 and 94.15. The pair's uptrend is also supported by near term historical buyers who have formed intra week trend line which is also indicated by lower candle wicks.

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  • #20,932
  • Feb 18, 2015 7:53am Feb 18, 2015 7:53am
GBPUSD is making its way towards 5450. We could see some shorts around 5475 if reached.
  • #20,933
  • Feb 18, 2015 10:47am Feb 18, 2015 10:47am
Hey T, Would you go long on EUR/USD once the short term funding is extended on Greece. Eg a reactive trade? (seems sold down on Greek deal dilemma)

A Grexit, less likely IMO, would probably tip it to new lows temporarily I would think.
  • #20,934
  • Feb 18, 2015 12:24pm Feb 18, 2015 12:24pm
Quoting PariCovek
Hey T, Would you go long on EUR/USD once the short term funding is extended on Greece. Eg a reactive trade? (seems sold down on Greek deal dilemma) A Grexit, less likely IMO, would probably tip it to new lows temporarily I would think.
Yes i would align that fundamental piece into the technical analysis.
  • #20,935
  • Feb 19, 2015 3:34am Feb 19, 2015 3:34am
EURUSD has made a V shape reversal and currently it is aiming to break 1.1450 level which will pave the way toward 1.1475 and 1.1535 which is historical resistance. Around 1.1535 we might expect some selling to occur. For 1.1450 breakout, strong momentum is needed. In the case that 1.1450 fails to break the pair might retreat to test POC again 1.1405-1.1415 zone with extension to 1.1390 where the previous inner trend line resided as support.

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  • #20,936
  • Feb 19, 2015 4:22am Feb 19, 2015 4:22am
Hello T, what do you think about audjpy pair? Your forecast wadls to buy at 92.50-92.60 But pair goes deeper. What did you think buy about at 92.20??
  • #20,937
  • Feb 19, 2015 4:33am Feb 19, 2015 4:33am
Hi T, what about GBPJPY Pair?
  • #20,938
  • Feb 19, 2015 6:06am Feb 19, 2015 6:06am
Quoting xetrader
Hi T, what about GBPJPY Pair?
Didnt watch GBPJPY today. May do it later during the day.


Quoting evuuka
Hello T, what do you think about audjpy pair? Your forecast wadls to buy at 92.50-92.60 But pair goes deeper. What did you think buy about at 92.20??
Standard and Poor warned that AUS might be downgraded, thats why it was falling down. As you can see AUD is rejecting 92.50 at the moment.
  • #20,939
  • Feb 19, 2015 6:19am Feb 19, 2015 6:19am
Thanks T, i just missed standart and Poor comments.
  • #20,940
  • Feb 19, 2015 6:33am Feb 19, 2015 6:33am
Roller coaster on EURUSD

http://goo.gl/O66TIq

If 1.1350 is broken the pair might test 1290 again.
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