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  • #5,141
  • Apr 7, 2015 5:17pm Apr 7, 2015 5:17pm
Quoting SunTrader
{quote} Yes actually. I know I am saying this with hindsight but Friday's price action with probably only 5% of normal volume was bound to be reversed quickly since it broke support without full participation. So once buyers came in that panicked the weak shorts to cover. Now let's see what follows. More buyers to push up to new highs or emboldened but stronger shorts than the others.
It was a good call from you.
Not only was the move reversed the upmove was much stronger than the collapse.
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If you think you can or cannot do it you are correct
  • #5,142
  • Apr 9, 2015 2:31pm Apr 9, 2015 2:31pm
EurGbp
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If you think you can or cannot do it you are correct
  • #5,143
  • Apr 16, 2015 8:39am Apr 16, 2015 8:39am
FxCM Dollar Index - Daily Chart
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If you think you can or cannot do it you are correct
  • #5,144
  • Apr 16, 2015 8:46am Apr 16, 2015 8:46am
Dollar Index is retracing. Perhaps the commodities can breathe a little...
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If you think you can or cannot do it you are correct
  • #5,145
  • Apr 16, 2015 10:56am Apr 16, 2015 10:56am
have you guys really turned bullish on oil ?
  • #5,146
  • Apr 16, 2015 6:37pm Apr 16, 2015 6:37pm
Quoting trexy123
have you guys really turned bullish on oil ?
Oil is making sound overtures to the upside at the moment. Weakness in the $ is helping. however I am not biased in any direction right now. Just watching it
If you think you can or cannot do it you are correct
  • #5,147
  • Apr 16, 2015 7:35pm Apr 16, 2015 7:35pm
Quoting Olu
{quote} Oil is making sound overtures to the upside at the moment. Weakness in the $ is helping. however I am not biased in any direction right now. Just watching it
Hi Olu can I know why you do not have any biased in direction ?
  • #5,148
  • Apr 18, 2015 10:09am Apr 18, 2015 10:09am
EurGbp
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If you think you can or cannot do it you are correct
  • #5,149
  • Apr 18, 2015 11:49am Apr 18, 2015 11:49am
Quoting trexy123
{quote} Hi Olu can I know why you do not have any biased in direction ?
Hi Trexy123

I had no bias because I was confused with the price action I was seeing. However now I am bullish because of the break above the 54 level. I am having problems uploading charts at the moment otherwise I would have shown my thoughts on a chart

Thanks T
If you think you can or cannot do it you are correct
  • #5,150
  • Apr 18, 2015 8:49pm Apr 18, 2015 8:49pm
Quoting Olu
{quote} Hi Trexy123 I had no bias because I was confused with the price action I was seeing. However now I am bullish because of the break above the 54 level. I am having problems uploading charts at the moment otherwise I would have shown my thoughts on a chart Thanks T
I am sure a lot out there are now bullish because of the break out. How would you trade it now? What price to enter and sl?
  • #5,151
  • Apr 18, 2015 9:36pm Apr 18, 2015 9:36pm
With inside day down close on below average volume on Friday I wouldn't say breakout is confirmed - just yet anyway.
  • #5,152
  • Apr 19, 2015 9:09pm Apr 19, 2015 9:09pm
up it goes again ..............
  • #5,153
  • Apr 19, 2015 9:35pm Apr 19, 2015 9:35pm
Hi Olu

Happy to post for the first time in this forum here.
just wanted to give you another thought about eur/gsp:
Your 4h chart from the 6 of April is nice. to me it looks like market is retesting the level you drown as a resistance now.
what will you do if braking 7162 takes place?

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  • #5,154
  • Apr 26, 2015 1:40pm Apr 26, 2015 1:40pm
Hi Olu.

have you had any new thoughts about eur/gbp?
to me it looked like it is going down but than a bullish bar and now I don't know.
so the pair broke 7162 level. do you think there was anything to do with it?


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  • #5,155
  • Apr 26, 2015 6:03pm Apr 26, 2015 6:03pm
Quoting Motish
Hi Olu. have you had any new thoughts about eur/gbp? to me it looked like it is going down but than a bullish bar and now I don't know. so the pair broke 7162 level. do you think there was anything to do with it? {image}

Hi M

I am bearish this pair and think that ultimately price will continue downwards. I really can be sure of bullishness if price takes out the 50sma on the chart (around 7250). The stochastic is angling up hinting that some upside might be in store however according to my trading plan I cant trade against the trend so I have to wait this possible move out. Or if it is a new uptrend it has to show it. That is where I stand on eurgbp. Fundamentally, by the way this is a bad timing tool, but important nonetheless the eurozone is not doing as well as UK and the greece issue is still outstanding
Thanks for your visit to the thread. Please continue to post any useful material.

Olu
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If you think you can or cannot do it you are correct
  • #5,156
  • Apr 28, 2015 10:01pm Apr 28, 2015 10:01pm
EurAud - This weekly chart really shows what is really going on
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If you think you can or cannot do it you are correct
  • #5,157
  • May 2, 2015 8:57am May 2, 2015 8:57am
Quoting Olu
EurAud - This weekly chart really shows what is really going on {image}
This trade idea did not work out instead we got the mother of all bounces off support. That's the way it goes sometimes. I was bearish the eurgbp. Look at where is now.
If you think you can or cannot do it you are correct
  • #5,158
  • May 2, 2015 8:59am May 2, 2015 8:59am
US$ is trying to find its legs
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If you think you can or cannot do it you are correct
  • #5,159
  • May 2, 2015 9:08am May 2, 2015 9:08am
Cocoa - check out the laboured move up before the reversal candle. That was price action warning of the drop.
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If you think you can or cannot do it you are correct
  • #5,160
  • May 2, 2015 9:16am May 2, 2015 9:16am
Coffee
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If you think you can or cannot do it you are correct
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