(binned per thread starter's request) GS Journal

well 11182 is breached ..game on again.

GS

This bull thrust looks weak and I m out .....

GS.

Current PA so far is indicating that it is morphing into an extended range. Bears will reign if 11140 breached with 11190 holding and Bulls if 11420 is breached and 11370 holds.
The likely rangey peak to trough is between 11400-11180.....

Good luck and trade wisely.

GS.

PA will continue to be ranging until either the peak or trough is breached and held as per my last post. The next fractal for higher peak is 11820 and 10750 for the lower trough.

Good luck and good trade...

GS.

The shadowy rangey PA continues.......

GS.

Should be another 1-2 weeks before PA break out or break down. Peak to trough levels still remain unchanged.

GS.

So PA finally break down and we will definitely be looking below 106 handle if 10970 holds. Cheers and good luck.

GS

This extended range is further extended with no definitive break and hold levels. So I will be watching 11400 break with 11280 holds for upside assault up to 11750 level OR 10600 break with 10680 holds for downside slide down to 10150level.

I am definitely more biased to one more leg downside move before PA starts to turn north.

Good luck and trade well.

GS.

Temporary top generated with 11123 breached and 11203 holdind it down indicate that PA will be heading down to test 10850-10900 handle. PA M/T bears will need to breach 10830 with 10915 holding for it to attack the next lower fractal at 10500.(Highly unlikely) therefore my take is intraday bull will still prevail and have one more leg and a retest of 11286-11365 is still on the card before price recapitulate.

For current PA going into next week since temporary top have been formed, I will look to ride this intraday retracement down with SL@11203 and TP level @10865-10900 or until temporary basing is generated for the northern assault again.

Good luck and trade well.

GS.

The Pairs have bottomed temporarily and is continuing its journey northward and right now I am waiting for a little pull back to enter a long trade with a hard SL@11040 for 11300-11360 level or if topping is generated whichever comes first.

The interesting level I am eyeballing is 11160 if this level holds when 11240 is breached we may retest the upper 11440 level (which I think is unlikely) and if it does not hold then I will be betting my farm to sell her down anywhere from 11300-11400 level for a minimum of 650 pips south and if 10520 is breached and 10600holds then it will even be more. Meanwhile its first thing first.

Good luck and trade well.

GS.

It looks likely that 11160 will be holding and if it is the case price will definitely attack 11365 level and if the last line of defence @level 11285 holds then there might be a M/T trend reversal at hand which personally I think is highly unlikely. So if 11285 fails to hold then I will be loading short from 11365 to 11425 with a hard SL @ 11500 and first TP probably at 10800level or until next subsequent basing is generated whichever comes first.

Good luck and trade well.


GS.

Alright and for those who pm me of my trading methodology I will not at this point reply to you all individually as i dont want to be viewed in a negative light with an ulterior agenda/motive and I would strongly advise you to be just as wary of me as you would to other potential scammers. The other reason why I am not responding to any pm is I want you to accustomed yourself with my methodology of breached and hold levels which by itself is a sound forex methodology and for those you are diligent enough to follow my trade analysis and trade calls the AHA moment will come naturally even without me teaching you how. And when that happens I will then tell you the detailed specifics and you will be on the way to something really good.

Now back to trading and from the way the current PA is moving with such a strong momentum indicates we are likely to experience a M/T trend change in which 11880 will be threatened and if breached will confirmed the trend change of which the 11360 level will be the new bears resistant threshold. Technically this unexpected bullish assault and new initiative may have something to do with euro currency rebalancing in the light of the latest CNY PA. I reckon there will be quite a bit of volatility after bulls have regain their supremacy and it is likely bears threshold at 11360 will be tested before price advance northward if confirmed that this current PA is indeed a trending changing metrics. Now how the threshold level will be tested will also indicate how far the bulls want to bring this pairs up to.

Meanwhile I will be looking out for topping sign to be generated before I decide on my next trading ploy. I will post again for those interested and that`s it from me today.

GS.

I am looking at the chart again level 11880 should read as 11680 and bear threshold 11360 should read as 11160 sorry for the typo mix-up.


GS

If this pairs breached 11580 with 11480 also breached during pullback then topping is likely to occur@11692-11725 level which is a good spot to sell into the correction to retest new bears resistant level @11160.

We are at the cusp of a m/t trend change...

Good luck and trade well.

GS.

So the 11480 held but confirmation level above failed which signify a temporary topping. I shall be flipping trade from 11690-11738 with a hard stop @11815 for a smaller lot counter trend retracement trade and take profit @11215 or basing whichever is earlier where I will likely enter a buy trade with a hard stop loss@ 11135 for the journey north with a yet to be determined profit level...

Good luck and trade well.

Ok price had completed its pulled back and on its way up to retest 11680-11740.

One can either buy now or below 11500 a while later with a hard SL @11400 OR

Wait for price to come up to 11680-11740 with a hard SL @ 11800 and sell it down to 11220-11180

So you decide and good luck and good trading....


GS.

Ok now price is below 11500 and you can enter a long trade and if it goes below 11430 then it means it will go for 1 more leg down before heading north.

Good luck and trade well..

GS

I am quite surprised that price went straight down without retesting the temp high. Anyway price basing level should be @ 11220-11160 so lets see how it plays out. So far no basing signal seen yet .

Good luck..

A basing is developing now and will post once it is confirmed.

GS.

Confirmed buying on pullback with SL@11177 and TP to be determined later and PA is destined to make a higher high.

I shall be taking my leave for a while due to my own commitment and a general public apathy which make me question its usefulness of my journal.

Good luck and remember that success is generally not a good teacher as it often misled the unknowing to think that they cannot fail..

GS.