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  • #2,421
  • Jul 11, 2015 10:35am Jul 11, 2015 10:35am
There you go Scott broken down to the 30 minute chart
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  • #2,422
  • Jul 12, 2015 6:43am Jul 12, 2015 6:43am
Quoting Mr. Scott
{quote} Thanks Squawk, not off topic. Think Elliot had similar chart on margin debt recently but I don't remember where it is.... Thinking about impact on AU too but chart says buy might be preferred soon....
Hi Scott think there are some setups for buy on AU. What I am watching on the AU at the moment, I like the EA and AU but waiting for some confirmation. Also think might get a good setup on the AN this week.
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  • #2,423
  • Jul 12, 2015 7:26am Jul 12, 2015 7:26am
Quoting squawk
{quote} Hi Scott think there are some setups for buy on AU. What I am watching on the AU at the moment, I like the EA and AU but waiting for some confirmation. Also think might get a good setup on the AN this week. {image} {image} {image}
Pretty sure EA is around here, drew ab cd AU...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,424
  • Edited 9:49am Jul 12, 2015 8:24am | Edited 9:49am
Quoting squawk
{quote} Hi Scott think there are some setups for buy on AU. What I am watching on the AU at the moment, I like the EA and AU but waiting for some confirmation. Also think might get a good setup on the AN this week. {image} {image} {image}
Hi guys
I am long on AU 4positions 7420-30 area but Greece crises is effecting everything.
If no deal market may open another gap down forcing heavy USD buying.
I love to see EG at 70 zone to go long again.This time will hold.... Euro is the key now.She dives further it drags oil down as well which reacts to USD gaining strength.

Edit 7420-30
In trading, you have to be defensive and aggressive at the same time
  • #2,425
  • Jul 12, 2015 8:58am Jul 12, 2015 8:58am
Hi, is there any free expert advisor for mt4 which can detect harmonic patterns? It seems impossible to not miss some trade. I found some online but doesn't work very well
  • #2,426
  • Jul 12, 2015 9:34am Jul 12, 2015 9:34am
Quoting Harmonic07
Hi, is there any free expert advisor for mt4 which can detect harmonic patterns? It seems impossible to not miss some trade. I found some online but doesn't work very well
most of harmonic indies miss almost all good set ups.Best I found that helps me is using zig zag indie and trying to see if the shapes looks like any of the harmonic patterns.
I am still a rookie when it comes to harmonics so Scott and others may give you better answer.
below is a pattern helped by zigzag
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In trading, you have to be defensive and aggressive at the same time
  • #2,427
  • Jul 12, 2015 9:41am Jul 12, 2015 9:41am
Quoting Mr. Scott
{quote} Pretty sure EA is around here, drew ab cd AU... {image}
Thanks Scott, I think the AU is around this area and a short term pullback. Interesting week ahead re Greece and China.

See the SH Comp index running a lot like the video here that James Mackintosh from FT presents if the intervention doesn't hold up. Link I think if that happens then Commodities will follow and the obvious longer term 3rd leg of the AU could be breaking.
  • #2,428
  • Jul 12, 2015 9:44am Jul 12, 2015 9:44am
Quoting Davit
{quote} Hi guys I am long on AU 4positions 7320-30 area but Greece crises is effecting everything. If no deal market may open another gap down forcing heavy USD buying. I love to see EG at 70 zone to go long again.This time will hold.... Euro is the key now.She dives further it drags oil down as well which reacts to USD gaining strength.
Hi Davit, I'm flat at the moment but took some short term trades Thursday and Friday. The pattern seems to be setting up for a retrace and like you think there is a good prospect for a run back to 76 so good luck with the trades. I flat apart from some CAD in from 750 and holding at the moment.
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  • #2,429
  • Jul 12, 2015 9:48am Jul 12, 2015 9:48am
Quoting Davit
{quote} Hi guys I am long on AU 4positions 7320-30 area but Greece crises is effecting everything. If no deal market may open another gap down forcing heavy USD buying. I love to see EG at 70 zone to go long again.This time will hold.... Euro is the key now.She dives further it drags oil down as well which reacts to USD gaining strength.
Crude at an interesting position for sure.
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  • #2,430
  • Jul 12, 2015 10:03am Jul 12, 2015 10:03am
Quoting squawk
{quote} Crude at an interesting position for sure. {image}
I am sure Yellen and company will drum up USD as usual (despite of poor numbers) in Washington this Weds and Oil may continue decline plus OPEC increased their daily output by 3million.
With Elections coming up Yellen will amplify any "good" news to assure Dems winning White House.Constant nerve infusing BS about IR is by now oxymoron.
In light of poor growth,poor manufacturing,increased unemployment claims add IR hike and assure thousands more lose their jobs in Oil,steal exports and end up working at Dunken Doughnuts,Walmart for peanuts hey it looks good on employment numbers when 93million Americans are out of labor force!!
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In trading, you have to be defensive and aggressive at the same time
  • #2,431
  • Jul 12, 2015 10:27am Jul 12, 2015 10:27am
Quoting Davit
{quote} I am sure Yellen and company will drum up USD as usual (despite of poor numbers) in Washington this Weds and Oil may continue decline plus OPEC increased their daily output by 3million. With Elections coming up Yellen will amplify any "good" news to assure Dems winning White House.Constant nerve infusing BS about IR is by now oxymoron. In light of poor growth,poor manufacturing,increased unemployment claims add IR hike and assure thousands more lose their jobs in Oil,steal exports and end up working at Dunken Doughnuts,Walmart for peanuts...
Also taking note of the Iran Nuclear deal which caused some volatility this week for crude. Might have a significant effect on Crude to the downside if the deal is done and sanctions lifted. Talk is announcement will be made Monday. Reuters Link
  • #2,432
  • Jul 12, 2015 10:34am Jul 12, 2015 10:34am
Quoting squawk
{quote} Also taking note of the Iran Nuclear deal which caused some volatility this week for crude. Might have a significant effect on Crude to the downside if the deal is done and sanctions lifted. Talk is announcement will be made Monday. Reuters Link
There is 52day review period in which president can't lift sanctions on Iran.
Iran deal may get rejected in Congress.
http://www.cnn.com/2015/07/12/politi...ear/index.html
In trading, you have to be defensive and aggressive at the same time
  • #2,433
  • Jul 12, 2015 10:36am Jul 12, 2015 10:36am
Quoting Davit
{quote} most of harmonic indies miss almost all good set ups.Best I found that helps me is using zig zag indie and trying to see if the shapes looks like any of the harmonic patterns. I am still a rookie when it comes to harmonics so Scott and others may give you better answer. below is a pattern helped by zigzag {image}
well I can spot harmonic pattern very well on my own. However, it would take time to scan the chart everyday. So if there is a free Expert Advisor for that, the job of trading will become effortless and less stressful than ever. Can anyone help?
  • #2,434
  • Jul 12, 2015 6:26pm Jul 12, 2015 6:26pm
Quoting squawk
{quote} Thanks Scott, I think the AU is around this area and a short term pullback. Interesting week ahead re Greece and China.
Correction - Looks like it's going to be another week of going no where with Greece. I'm liking that A/E trade more..... and maybe selling EU on rallies.

China's GDP on Wednesday will be one to watch for the A$
  • #2,435
  • Jul 12, 2015 6:38pm Jul 12, 2015 6:38pm
Quoting squawk
{quote} Correction - Looks like it's going to be another week of going no where with Greece. I'm liking that A/E trade more..... and maybe selling EU on rallies. China's GDP on Wednesday will be one to watch for the A$
Please could you expand on that shortcut? Should I watch my ass or AUsd?
"I know one thing, that I know nothing." Sokrates
  • #2,436
  • Jul 13, 2015 4:48am Jul 13, 2015 4:48am
Quoting Tom_D_Trader
{quote} Please could you expand on that shortcut? Should I watch my ass or AUsd?
Don't know what you do with your arse Tom but maybe both -
  • #2,437
  • Jul 13, 2015 6:41am Jul 13, 2015 6:41am
GIDDY UP !!!
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  • #2,438
  • Jul 13, 2015 6:38pm Jul 13, 2015 6:38pm
Quoting rythmrig
GIDDY UP !!! {image}
She did 61.8/1.27 combo, so far only 61.8, was looking at potential bat at BRN.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,439
  • Jul 13, 2015 6:42pm Jul 13, 2015 6:42pm
EU has some as well....EG
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,440
  • Jul 13, 2015 6:46pm Jul 13, 2015 6:46pm
EU larger one close by....
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The world you desire can be won. It exists.. it is real.. it is possible..
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