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Top-Down Analysis

  • #301
  • Mar 5, 2016 9:17am Mar 5, 2016 9:17am
For GbpNzd, I am very much positive for a 500 pips + move this month, However I was waiting for the price to touch tl, which looks like it wont. You're thoughts Bones, I think it's a great one to trade next week.

V
Attached Image(s) (click to enlarge)
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Precise Execution!
  • #302
  • Mar 5, 2016 9:53am Mar 5, 2016 9:53am
Bones I think you are right. I was just going through some of the charts and after looking the Ecad's price rejection on D chart from 200 EMA, with reference to us oil, I think we are heading south with Cad pairs.


V
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  • #303
  • Mar 5, 2016 10:02am Mar 5, 2016 10:02am
Hi V ,gbp nzd I'm bear also ,w1 dose not give me any confidence for bulls ,but left could be ,

Quoting Bones
could be not channel ,but {image} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 29 KB
Click to Enlarge Name: NZD w1 (DFB).png Size: 35 KB
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  • #304
  • Edited 10:28am Mar 5, 2016 10:18am | Edited 10:28am
gbp aud ,its just that w1 cable ,which is why I question great candle ,great location ,I want confirm to believe ,
also everyone is thinking about the gap how easy would the market make that close if its happening
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp AUD q (DFB).png Size: 24 KB
Click to Enlarge Name: AUD w1 (DFB).png Size: 36 KB
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  • #305
  • Mar 5, 2016 11:24am Mar 5, 2016 11:24am
Quoting Bones
gbp aud ,its just that w1 cable ,which is why I question great candle ,great location ,I want confirm to believe , also everyone is thinking about the gap how easy would the market make that close if its happening {image} {image}
Here is my version.

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  • #306
  • Edited 1:11pm Mar 5, 2016 12:44pm | Edited 1:11pm
I have updated my monthly ,if you look there are some great trend lines and ideas start from the monthly ,also longer term this chart remains in a range for years now
I would also note last month started positive open like that
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD 6 month (DFB).png Size: 30 KB
Click to Enlarge Name: USD (DFB).png Size: 50 KB
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  • #307
  • Mar 5, 2016 9:01pm Mar 5, 2016 9:01pm
Quoting Bones
I have updated my monthly ,if you look there are some great trend lines and ideas start from the monthly ,also longer term this chart remains in a range for years now I would also note last month started positive open like that {image} {image}
Good Morning Bones and everyone,

Great one My target would be anywhere around 36xx, Here is thoughts for EJ


V
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Click to Enlarge Name: Screenshot1.png Size: 44 KB
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  • #308
  • Mar 6, 2016 5:30am Mar 6, 2016 5:30am
Morning V ,yea I see it ,could be not channel break as I thought ,


Quoting Bones
I'm only going to draw down tl lines {image} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 30 KB
Click to Enlarge Name: JPY w1 (DFB).png Size: 37 KB
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  • #309
  • Mar 6, 2016 5:54am Mar 6, 2016 5:54am
eur closed on a major number
Attached Image (click to enlarge)
Click to Enlarge Name: EURLFXMonthly.png Size: 24 KB
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  • #310
  • Mar 6, 2016 6:13am Mar 6, 2016 6:13am
gbp also pivotal ,just under 50%
but monthly is huge ,im looking to the open
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPLFXWeekly close.png Size: 19 KB
Click to Enlarge Name: GBPLFXWeekly.png Size: 27 KB
Click to Enlarge Name: GBPLFXMonthly.png Size: 26 KB
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  • #311
  • Mar 6, 2016 6:21am Mar 6, 2016 6:21am
my strongest conviction goes to usd cad ,it can only retrace medium term imo
ideally id like a break of that monthly pattern straight off bat
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  • #312
  • Mar 6, 2016 6:23am Mar 6, 2016 6:23am
Quoting Bones
my strongest conviction goes to usd cad ,it can only retrace medium term imo
I would say short term, medium term is uncertain.
The Trend Is Your Friend
  • #313
  • Edited 6:46am Mar 6, 2016 6:33am | Edited 6:46am
on what basis ,

Quoting Soyo24
{quote} I would say short term, medium term is uncertain.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD month (DFB).png Size: 20 KB
Click to Enlarge Name: CAD mo (DFB).png Size: 34 KB
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  • #314
  • Mar 6, 2016 7:12am Mar 6, 2016 7:12am
refer to rule 5 first post ,

Quoting Soyo24
{quote} I would say short term, medium term is uncertain.
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  • #315
  • Mar 6, 2016 8:27am Mar 6, 2016 8:27am
Quoting Bones
on what basis , {quote} {image} {image}
On the basis of common sense and logic, short term comes before medium term and long term.
The Trend Is Your Friend
  • #316
  • Mar 6, 2016 9:31am Mar 6, 2016 9:31am
well thats a fact ,what you said is medium term is unclear actually ,
so your view is medium term can not be viewed without short term going further ?
all I know is your basis is trend trader ,I'm saying upfront this trend is over medium term ,
i.e that high is very firm ,it will go a lot lower before it takes the high ,also i put a chart up with 'logic ' to back it up ,
Attached Image (click to enlarge)
Click to Enlarge Name: CAD (DFB).png Size: 18 KB
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  • #317
  • Edited 10:39am Mar 6, 2016 10:24am | Edited 10:39am
I am beta testing a cycle site where I took a screen shot from, the cycle hit the top of the USDCAD exactly on the week it fell

Attached Image (click to enlarge)
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, so I am expecting the move to last till the next weekly cycle this is the 3rd March 2016 (week of)

Attached Image (click to enlarge)
Click to Enlarge Name: CADUSD_2016.png Size: 55 KB


1.2862 according to the data I ran looks like a nice target area
  • #318
  • Mar 6, 2016 10:50am Mar 6, 2016 10:50am
CADJPY also looks good for a long trade after the double bottom.
Attached Image (click to enlarge)
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  • #319
  • Mar 6, 2016 11:05am Mar 6, 2016 11:05am
Quoting Bones
well thats a fact
nice charting there boss.
  • #320
  • Mar 6, 2016 11:07am Mar 6, 2016 11:07am
Quoting Hurst
CADJPY also looks good for a long trade after the double bottom.{image}
good trade setup Hurst, CAD looks like it will gain further, based on latest WTI oil rally, which could expand further.
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