Closed out all my GU short positions. Really watching UJ right now. It wants to break down and likely will eventually. When it does, it should go fast. AJ, EJ, GJ should follow fast too. Gearing up for this, but curious as to others' thoughts on timing this. Going to sell if UJ pops up again, just don't know if it will... Seems ripe to drop hard.
- #1,049,821
- Jan 12, 2016 9:32am Jan 12, 2016 9:32am
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #1,049,822
- Jan 12, 2016 9:37am Jan 12, 2016 9:37am
Closed out all my GU short positions. Really watching UJ right now. It wants to break down and likely will eventually. When it does, it should go fast. AJ, EJ, GJ should follow fast too. Gearing up for this, but curious as to others' thoughts on timing this. Going to sell if UJ pops up again, just don't know if it will... Seems ripe to drop hard.
- #1,049,823
- Jan 12, 2016 9:38am Jan 12, 2016 9:38am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,049,824
- Jan 12, 2016 9:48am Jan 12, 2016 9:48am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #1,049,826
- Jan 12, 2016 9:53am Jan 12, 2016 9:53am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #1,049,827
- Jan 12, 2016 9:56am Jan 12, 2016 9:56am
- | Joined Jan 2012 | Status: Аdministrator | 1,215 Posts
- #1,049,829
- Jan 12, 2016 10:00am Jan 12, 2016 10:00am
- | Commercial User | Joined Jan 2016 | 99 Posts
EUR/USD 11th - 15th January 2016 Review.
Following the expectation of the price simulating yellow line, a sell order was opened at 1.0911, with take profit at 1.0840.
The profit target 1.0840 was taken as expected. Now the price movement calls for caution because the bear force still exists between the red dotted trend lines. If the price can maintain a close above the support of 1.0800 between January 12, 2016 and the open of trading for the European session on January 14, 2016, the bull should break out of the red dotted line. The blue simulating line shows bear force exist within the price range of 1.0900 and 1.0800.
The template is attached.
Following the expectation of the price simulating yellow line, a sell order was opened at 1.0911, with take profit at 1.0840.
The profit target 1.0840 was taken as expected. Now the price movement calls for caution because the bear force still exists between the red dotted trend lines. If the price can maintain a close above the support of 1.0800 between January 12, 2016 and the open of trading for the European session on January 14, 2016, the bull should break out of the red dotted line. The blue simulating line shows bear force exist within the price range of 1.0900 and 1.0800.
The template is attached.
- #1,049,830
- Jan 12, 2016 10:00am Jan 12, 2016 10:00am
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
- #1,049,831
- Jan 12, 2016 10:02am Jan 12, 2016 10:02am
- | Joined Oct 2013 | Status: Long term Analyst | 1,198 Posts
Never follow/blame others,Patience is the key skill for Succesfull trading.
- #1,049,832
- Jan 12, 2016 10:07am Jan 12, 2016 10:07am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,049,833
- Jan 12, 2016 10:11am Jan 12, 2016 10:11am
I think the AUDUSD is trying to construct double bottom on weekly similar to that of EURUSD, I stopped out from AU long before, but I may try another one 
- #1,049,835
- Jan 12, 2016 10:23am Jan 12, 2016 10:23am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
{quote} Heads up!
those who can, do. those who cant, talk about those who can
- #1,049,838
- Jan 12, 2016 10:27am Jan 12, 2016 10:27am
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
{quote} imho also in oil
oil is going to dive below 30 imho
- #1,049,839
- Jan 12, 2016 10:28am Jan 12, 2016 10:28am
do not stand out in the open with gun ;stand in the bushes with knife..
- #1,049,840
- Jan 12, 2016 10:30am Jan 12, 2016 10:30am
The only winner is the one who survive the longest...