Consolidations | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Consolidations on M1 0 replies

Trends and consolidations - newbie question 4 replies

Attachments: Consolidations
Exit Attachments

Consolidations

  • #41
  • Jun 5, 2016 3:17pm Jun 5, 2016 3:17pm
Quoting raiders
{quote} Well as far as the dollar weakness its not a real long term thing imo. But im guessing it will last just long enough that when this news does drop the usd still will not be the strongest currency on the block and im a big believer in relative strength for 2 reasons 1) if Im playing perceived weakness like a rate cut i want the biggest dog on the block to pair it against because the move should be greater and 2) if relative strength is taken into account then one will be correct more than incorrect based purely on strength(if that makes sense....kinda...
Yes the 23rd will be long day and night probably stay awake whole day and night and buy the hell out of GJ in case of a no Brexit, will be at least a 1000-pip move in a few days I guess. The difficult thing here is timing when to buy, will not be easy.
  • #42
  • Jun 5, 2016 10:56pm Jun 5, 2016 10:56pm
I like this thread! Its all about understanding corrective structures (consolidation)
  • #43
  • Jun 6, 2016 1:01am Jun 6, 2016 1:01am
Quoting ceetee
{quote} Yes the 23rd will be long day and night probably stay awake whole day and night and buy the hell out of GJ in case of a no Brexit, will be at least a 1000-pip move in a few days I guess. The difficult thing here is timing when to buy, will not be easy.
no doubt about it. im not sure either.
im going to search for the buy because it will be there. and i believe it will be there a couple of days before if not a week or weeks before. might even be tomorow.
im going to follow the UJ on it as best as possible because fx ray,dude is a mathematical genius, taught me years ago that the dragon will not move with out it. that being said unless a new low is taken in in UJ its all corrective as of now. IF, and thats a big if, a new low doesn't come taking an exploratory long on the next move down might be a good idea based on a RR situation. I really dont know right now but im definitely searching for the buy. I have no problems letting the market move lower while i wait for the buy because the buy is the real move imo.
  • #44
  • Jun 6, 2016 1:05am Jun 6, 2016 1:05am
Quoting ceetee
GU a potentential double top on the weekly, monthly looks also ready for a move down. Could fall a few 100-pips this weeks, especially after the rejection of 1,458x area. Seems also to be gapping down, looking at the quotes on XE.com. Looks like lots of GBP weakness on the way this week. I don't know how much GJ can still fall, 150,4x seems like a huge level on quarterly and yearly, 140 is also a huge level on the quarterly and yearly but seems a little bit far fetched it will reach 140 in the next 3 weeks... 50-pip gap down already on GU looking...
GU i have somewhere under 1.20 based on the current structure as of now as a realistic target if nothing gets in the way. As of now its looking like the poles are talking brexit but im not buying it. im leaving it alone for the time being on it because there are easier ways to make money
  • #45
  • Edited 2:35am Jun 6, 2016 2:15am | Edited 2:35am
NFP estimates may have been a bit off last week but maybe Yellen can say something reassuring today?
US 10y T notes..
Attached Image (click to enlarge)
Click to Enlarge Name: T.jpg Size: 97 KB

But if she coos like a dove I'll go long if it closes above that previous swing high.
  • #46
  • Jun 6, 2016 3:10am Jun 6, 2016 3:10am
Brent
Attached Image (click to enlarge)
Click to Enlarge Name: ZCCoT.jpg Size: 91 KB
  • #47
  • Edited 4:02am Jun 6, 2016 3:46am | Edited 4:02am
Is this compelling enough? Brexit!
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 469 KB
  • #48
  • Jun 6, 2016 4:03am Jun 6, 2016 4:03am
Quoting jen101
Is this compelling enough? Brexit! {image}
GU is good to work down all the way, doing it on H1/H4 on my main account
  • #49
  • Jun 6, 2016 4:13am Jun 6, 2016 4:13am
"The spread between UK gilt and US Treasury yields is at it widest this century." EveningStandard 4th June
Gilt
Attached Image (click to enlarge)
Click to Enlarge Name: gilt.jpg Size: 131 KB
  • #50
  • Jun 6, 2016 8:12am Jun 6, 2016 8:12am
Quoting jen101
{quote} GU is good to work down all the way, doing it on H1/H4 on my main account
Like this But when it breaks about 1.43 it should drop pretty fast.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 405 KB
  • #51
  • Jun 6, 2016 11:43am Jun 6, 2016 11:43am
Quoting jen101
{quote} Like this But when it breaks about 1.43 it should drop pretty fast. {image}
Did you get short already?
  • #52
  • Jun 6, 2016 11:47am Jun 6, 2016 11:47am
Quoting BubaYaga
Brent {image}
Do you have a target on it? I know wti is/has been making a diagonal so im guessing they will break together. I havent looked at either lately because it seems the cad has lost its correlation to oil lately. But perhaps it gets it back when these things finally break??
  • #53
  • Jun 6, 2016 11:55am Jun 6, 2016 11:55am
Quoting jen101
Is this compelling enough? Brexit! {image}
http://www.telegraph.co.uk/news/2016...medium=twitter

EU referendum: Telegraph subscribers say they back a Brexit

This is a pretty big group of people here. For the most part the recent pols are 1-2k people. At 19K i think this carries weight.

That said....1.4040 looks like a nice initial target
  • #54
  • Jun 6, 2016 12:25pm Jun 6, 2016 12:25pm
editorial;

GU Daily Chart.

Could (kind of) make a case for a reverse head & shoulders. Then, general consolidation at the neckline (blue stripe).

Also could be that Gbp has been dropping so much, the past few weeks, that the fabled "Price Adjustment" has been built in Already'.

If I were in UK, I'd vote to leave as well, before the house of cards (grandiose German experiment), came crashing down. Funny money can't last forever.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H and S Maybe.png Size: 54 KB
  • #55
  • Edited 9:31pm Jun 6, 2016 3:02pm | Edited 9:31pm
Going to try a short from the trend line. The entire structure is very messy imo. But as long as price is over the low on 5/3 im going to consider this down move corrective. If it is, my count has this pullback as a wave 4 of C of 2 on the 1hr so. That said wave 5 should probably end very close to the lower rising trend line. All of this changes if price jumps the trend line. But going into asain session I feel pretty good about he cloud and the trend line holding the price.


edit....updated the chart

edit....didnt hold it
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 117 KB
  • #56
  • Jun 7, 2016 2:24am Jun 7, 2016 2:24am
Quoting raiders
{quote} Do you have a target on it? I know wti is/has been making a diagonal so im guessing they will break together. I havent looked at either lately because it seems the cad has lost its correlation to oil lately. But perhaps it gets it back when these things finally break??
I like the look of 52. Last year was a support (March 17, July 28).
Attached Image (click to enlarge)
Click to Enlarge Name: T.jpg Size: 100 KB
  • #57
  • Jun 7, 2016 10:36am Jun 7, 2016 10:36am
GBPUSD has more downside long term
Attached Image (click to enlarge)
Click to Enlarge Name: download (80).png Size: 99 KB
  • #58
  • Jun 7, 2016 3:42pm Jun 7, 2016 3:42pm
Taking a shot here on a short
Lots of bearish divergence at what could possibly be ii
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 98 KB
  • #59
  • Jun 7, 2016 11:21pm Jun 7, 2016 11:21pm
Quoting raiders
Taking a shot here on a short Lots of bearish divergence at what could possibly be ii {image}
I dont like that it hasnt moved down at all. This can go either way so if it dips below 1.338 ill look to go short. Im out with a small loss. If it goes up, 1.42 is where im looking for a rejection
  • #60
  • Jun 7, 2016 11:25pm Jun 7, 2016 11:25pm
UJ
This is what im thinking. Thanks to Barkie helping me with the count up on 1 and the corrction

107 is buy time if it hits there.... if not buy the break
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 120 KB
0 traders viewing now