Take cover! | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dark Cloud Cover question: Mid of H L, or mid of body? 0 replies

How to program the std indicator to take to take price from other indicator windows 0 replies

Fed faces cover-up claim on BofA merger 1 reply

possible dark cloud cover?? Eur/usd weekly chart 1 reply

Attachments: Take cover!
Exit Attachments

Take cover!

  • #41
  • Jul 27, 2015 3:43am Jul 27, 2015 3:43am
More test
Attached Image (click to enlarge)
Click to Enlarge Name: Q5.png Size: 19 KB
Attached Image
"I know one thing, that I know nothing." Sokrates
  • #42
  • Jul 27, 2015 2:25pm Jul 27, 2015 2:25pm
UJ cupNhandle playing micro retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: UJcup.JPG Size: 75 KB
"I know one thing, that I know nothing." Sokrates
  • #43
  • Jul 27, 2015 3:32pm Jul 27, 2015 3:32pm
Quoting Tom_D_Trader
UJ cupNhandle playing micro retracement. {image}

Hey Tom.. Ive added some Yen to my basket too via > GBP.. small size atm just to *feel* the market.. I may add if the conditions become favourable. I like the look of UJ too..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 59 KB
Memories caught in time but never forgotten
  • #44
  • Jul 27, 2015 6:52pm Jul 27, 2015 6:52pm
Quoting j4d
{quote} Hey Tom.. Ive added some Yen to my basket too via > GBP.. small size atm just to *feel* the market.. I may add if the conditions become favourable. I like the look of UJ too.. {image}
Is a micro, but 123,77 fibo deserves one test. Am just waiting for TO open now...EU hanging above 1,1083 S and both Daily candles quite convincing move should continue, so retracement could be shorter. Got TPs on UJ 123,498 and 123,7, but second TP will take manually should Tokyo disagree . As given move in SaP and Dax, should Stock sellof continue, Nikkei could pull UJ down faster.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.JPG Size: 117 KB
"I know one thing, that I know nothing." Sokrates
  • #45
  • Jul 27, 2015 7:27pm Jul 27, 2015 7:27pm
Quoting Tom_D_Trader
{quote} Is a micro, but 123,77 fibo deserves one test. Am just waiting for TO open now...EU hanging above 1,1083 S and both Daily candles quite convincing move should continue, so retracement could be shorter. Got TPs on UJ 123,498 and 123,7, but second TP will take manually should Tokyo disagree . As given move in SaP and Dax, should Stock sellof continue, Nikkei could pull UJ down faster. {image}
Nikkei already running, I bail and wait for UJ short + EU long. EU already poofing up, so waiting.
"I know one thing, that I know nothing." Sokrates
  • #46
  • Jul 27, 2015 8:13pm Jul 27, 2015 8:13pm
Quoting Tom_D_Trader
{quote} Nikkei already running, I bail and wait for UJ short + EU long. EU already poofing up, so waiting.
Well first TO h1 speaks clear on both EU and UJ. I have entered some on microtf waves as UJ trying to break 132,126, and EU bouncing of 1,1083, possibly running for doubletop, but UJ could pull lower up to 122,65 and push EU up 1,121, where I change coulours. If it works.
"I know one thing, that I know nothing." Sokrates
  • #47
  • Jul 28, 2015 10:22am Jul 28, 2015 10:22am
Quoting Tom_D_Trader
{quote} Is a micro, but 123,77 fibo deserves one test. Am just waiting for TO open now...EU hanging above 1,1083 S and both Daily candles quite convincing move should continue, so retracement could be shorter. Got TPs on UJ 123,498 and 123,7, but second TP will take manually should Tokyo disagree . As given move in SaP and Dax, should Stock sellof continue, Nikkei could pull UJ down faster. {image}
Nikkei screwed me over + got a bit confused in microtf so I failed to play that correction. Went short 123,7.
"I know one thing, that I know nothing." Sokrates
  • #48
  • Jul 28, 2015 2:24pm Jul 28, 2015 2:24pm
Quoting Tom_D_Trader
{quote} Nikkei screwed me over + got a bit confused in microtf so I failed to play that correction. Went short 123,7.
Well there was a doublehold today. Am kinda unable to post charts on time as pretty busy, but both UJ and EU held the move @ fibo 38%. Though NY closing in 2 hrs, almost corrected whole yesterdays move, so on weekly scale it looks like a hold on EU 1,1083 and UJ 123,126. Is still quite some time to close the week though, so waiting for todays close to have better clue about Friday.

From TA point of view, this would be a fourth important hold on EU moving down, beeing 1,145, 1,1315, 1,121 and now 1,1083, while EU also made a LL. On UJ sittuation is simmilar, while the only two cases sending us down were Kurodas speech and Fitch ratings, which remain wild cards. Also from TA point of view Oil has broken several important levels. Last attempt of equities SaP bouncing of 2085 and Dax 11130. Dax needs to break 11400 and SaP 2120, for equities to attempt for that last push.

From FA side I have been expecting last push in global equities/bonds/Oil/Gold on US free cash. As domino is starting to fall, Gold first, then Equities and Oil, these TA signs are confirming sellof may start quite sooner than hike. Into this mix, West has made a historical deal with Iran, whose supplies may soon hit the board and send Oil even lower.

Neither of these TA signs is telling me there is gonna be last push, so am changing my bias to go with the flow of USD bulls and looking for entries.

T
"I know one thing, that I know nothing." Sokrates
  • #49
  • Last Post: Jul 28, 2015 2:33pm Jul 28, 2015 2:33pm
Another support for UJ scenario is that Asian stocks were almost in panic @ start of this month, and therefore both BoJ and PBOC are doing all they can to prevent stock market crash. Untill US hikes, they sure have enough power to do so, so market could stay stronger, supporting Yen sell.
"I know one thing, that I know nothing." Sokrates
0 traders viewing now