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  • #960,961
  • Feb 17, 2015 6:58pm Feb 17, 2015 6:58pm
Quoting KiwiTrada
{quote} yep, geppy is going into compression a "must watch" find the compression S&R and wait for BO, it should be pretty exciting either way I will find my build up post, especially the early BO warning post, quite proud of that one
Well am heavy GBP long, so should it break down I wont find it that exciting .

My chart now compressing below this silly fibo @ 183. As a start for BO, I take it . Am actually not in many positions in this chart, but got here through crosses Eur/Gbp short and UJ long. But thinking I will press on pedal in this chart.
Attached Image (click to enlarge)
Click to Enlarge Name: fib.JPG Size: 85 KB
"I know one thing, that I know nothing." Sokrates
  • #960,962
  • Feb 17, 2015 6:59pm Feb 17, 2015 6:59pm
Quoting pips4m3
{quote} The impending tightening by the US is one of the main reasons I'm bearish on EUR/USD. I just don't understand why anyone would buy Euros under these circumstances. I remember when the pair was around the 1.19-20xxx back in early 2006 when the Eurozone was much healthier. Any thoughts on what the next set of measures the EU takes as they start to ease? I think these are the types of questions I want to be asking myself instead of worrying about Greece.
The big money already knows EU will ease a ton in coming years. As far as I know, the big money is betting on 1.0 in the next 2 years, but it's not going to happen over night and there will be bumps, but I'm as sure of 1.0 EU as I am any other investment.
  • #960,963
  • Feb 17, 2015 7:05pm Feb 17, 2015 7:05pm
Quoting KiwiTrada
{quote} found this one and have 2 updates in chart library really shows punch BO,s can give
This is original chart1. 5 2 2015 and update2. 6 2 2015 and todays 3. 18 2 2015

note the 2nd chart reaction she BO burst thru falling utl green and previous high purple came back retested the previous high and conitnue north, the power of BO is also shown by she obliterated the falling 200sma ( no mean feat and doesnt happen often
and then todays chart she took out last weeks open zone(orange) then retested it after being held by bigger falling utl (green)
presently so far this week that fsalling UTL gree nis still in play, but right now she is testing from above this weeks open zone which is co insiding with the falling utl , last 4hr candle was a nasty bearish inverted pinbar, so battle has begun as of right now, was why posted worth an eyeball I will repeat my next upside target is still 187 20 cable needs to support this play by getting back above 5413

for now is wait and watch
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Geppy 4hr 5 2 2015.png Size: 43 KB
Click to Enlarge Name: geppy 4hr 6 2 2015.png Size: 44 KB
Click to Enlarge Name: geppy 4hr 18 2 2014.png Size: 45 KB
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  • #960,964
  • Feb 17, 2015 7:10pm Feb 17, 2015 7:10pm
Thank you very much Kiwi!

Also, mate, today BoJ meeting. Last time was a pretty nice drop and think they may adress those rumours regarding end of easing. Should this come to table, yen could be wild.

Think they´r gonna release in like 2 hours. Maybe
"I know one thing, that I know nothing." Sokrates
  • #960,965
  • Feb 17, 2015 7:14pm Feb 17, 2015 7:14pm
Quoting Tom_D_Trader
{quote} Well am heavy GBP long, so should it break down I wont find it that exciting . My chart now compressing below this silly fibo @ 183. As a start for BO, I take it . Am actually not in many positions in this chart, but got here through crosses Eur/Gbp short and UJ long. But thinking I will press on pedal in this chart. {image}
yep using your can see compression under way, this is normal process prior to any move either continuation or BO or reversal, personally if dont recognise them, they will bite most trader buttocks, even if do recognise them still will bite most trader buttocks, smaller timeframes will be all traders buttocks, I would suggest strictly on sidelines, wait whatever, then retest, then decide if have correct trade plan and initiate, if plan is incorrect, scrap and back to scribble board :nerd:

compression especially equilateral has potential for both ways, much cheaper to watch
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  • #960,966
  • Feb 17, 2015 7:20pm Feb 17, 2015 7:20pm
Quoting KiwiTrada
yep using your can see compression under way, this is normal process prior to any move either continuation or BO or reversal, personally if dont recognise them, they will bite most trader buttocks,..
I have very wide stops @ both Yen and Eur trades, as I consider these unstable. Volatility aint getting me, stops for Geppy @ 179,85 now . EU not so safe at 1,148. Am hoping BoJ will deny those rumours, as thats the very reason Yen is stuck and not breaking highs.
"I know one thing, that I know nothing." Sokrates
  • #960,967
  • Feb 17, 2015 7:28pm Feb 17, 2015 7:28pm
Quoting Tom_D_Trader
{quote} I have very wide stops @ both Yen and Eur trades, as I consider these unstable. Volatility aint getting me, stops for Geppy @ 179,85 now . EU not so safe at 1,148. Am hoping BoJ will deny those rumours, as thats the very reason Yen is stuck and not breaking highs.
yup lots of things can be attributed to compression (FA & TA) key is knowing them and appreciating them, rather than be scared of them

Geppy has been my little honey so far this year, (high risk v high yield) I was in heavy but been partialling right now compressed the sl,s of runners very tight (3) 1 below this week open zone (just did now) 1 just below yesterdays open zone and one just below last weeks open zone feeling very chuffed right now, going to beach with dogs bbl
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  • #960,968
  • Feb 17, 2015 7:31pm Feb 17, 2015 7:31pm
Bb Kiwi. And thanks for thoughts.

edit: m15 pretty breaky now. Perhaps dogs laterz?
"I know one thing, that I know nothing." Sokrates
  • #960,969
  • Feb 17, 2015 7:37pm Feb 17, 2015 7:37pm
Quoting KiwiTrada
gbp is looking juicy both geppy and cable, possible skyrocket in the making not a done deal by any means but well worth keeping an eyeball on:nerd:btw looking at 4hr and dailly, so noise is not included or the battle is in progress expect noise, but ignore it and watch the bigger picture
Starting to think the same, going to lay off shorts after down move over next 12-18h and wait to see what FOMC brings, can go either way but right now I don't know why I'm thinking we're going to go higher, which probably means it will sell off 100+ pips in a minute or two after FOMC
  • #960,970
  • Feb 17, 2015 7:53pm Feb 17, 2015 7:53pm
Quoting Ken A
{quote} 1.1414?
You got a target on UCAD? I'm thinking somewhere between 1.18-1.2 ,, but eventually breaking out even higher.
  • #960,971
  • Feb 17, 2015 7:53pm Feb 17, 2015 7:53pm
2 hours of Tokyo...8 pip range...this is worse than watching the Kardashians.
Everyone can see the chart, but only a few can actually read it.
  • #960,972
  • Feb 17, 2015 8:41pm Feb 17, 2015 8:41pm
Looking for this PRZ on the EU.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 32.png Size: 71 KB
As the lights go by so too do the shadows move
  • #960,973
  • Feb 17, 2015 9:03pm Feb 17, 2015 9:03pm
Nice little whipsaw there.
Twitter: @TrendersGame
  • #960,974
  • Feb 17, 2015 9:05pm Feb 17, 2015 9:05pm
Quoting Citiboy
Nice little whipsaw there.
We will come back one more time...but I am glad the refusal came...the short will be safer then. I was thinking about a short, but if that hourly candle closed so strong, we would see 1430 again...but now 1315+- looks like asian top. Double top and I am in.
Everyone can see the chart, but only a few can actually read it.
  • #960,975
  • Feb 17, 2015 9:06pm Feb 17, 2015 9:06pm
Quoting Citiboy
Nice little whipsaw there.


Woops thought I was in USDJPY thread.
Twitter: @TrendersGame
  • #960,976
  • Feb 17, 2015 9:07pm Feb 17, 2015 9:07pm
Hoping something... anything can get moving here soon. The ranges.... agh
Twitter: @TrendersGame
  • #960,977
  • Feb 17, 2015 9:09pm Feb 17, 2015 9:09pm
Quoting Citiboy
Nice little whipsaw there.
Yer imo low volume means they can afford to take it on a little stop hunts before going lower.
As the lights go by so too do the shadows move
  • #960,978
  • Feb 17, 2015 9:14pm Feb 17, 2015 9:14pm
Quoting Matts Micro
{quote} Yer imo low volume means they can afford to take it on a little stop hunts before going lower.
I don't think every bull move is a stop hunt. Yesterday was super bullish...so its normal that asians don't start a bear right away, but try to continue with the bull...only if they fail, EU session might drop it hard.
Everyone can see the chart, but only a few can actually read it.
  • #960,979
  • Feb 17, 2015 9:20pm Feb 17, 2015 9:20pm
Quoting OnlineAddict
{quote} I don't think every bull move is a stop hunt. Yesterday was super bullish...so its normal that asians don't start a bear right away, but try to continue with the bull...only if they fail, EU session might drop it hard.
Your right, even stop hunts have technical reasons but imo it is what it is. The 1400 lvl is being threatened so I believe they would be clearing st trades before dropping. It's just a story to put to the PA but it works for me
As the lights go by so too do the shadows move
  • #960,980
  • Feb 17, 2015 9:54pm Feb 17, 2015 9:54pm
Tomorrow, some accounts will explode like this supply to ammunition that was ready to be delivered to a bandit. This is a vendor entertainment.

http://en.wikipedia.org/wiki/Helen_%28actress%29

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