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  • #9,081
  • May 1, 2017 11:43am May 1, 2017 11:43am
Dax 4H

Flag, after acceleration gap. Inside of "channel up" Seems to be happy to keep going up.
Trend join and follow....?
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  • #9,082
  • May 1, 2017 3:22pm May 1, 2017 3:22pm
Quoting elbert3
{quote} Morning boss not done much over the past week as full on busy with other work . At this time to on my long hedge just below stu entry for sell . The one min little hammer looks ??? Looks to be good for now would of liked full dojo top clear candle shape. And seen your 61% too but I think it's going shorter 2608 is main support area so if that hammer holds of a gap open tonight we could see 2900 go . If so I will watch to target that area as I have 2 short trades at this time and Zeus to 1.740 area and gbj to 140 area .back to gu . Ext from...
As above .... hammer holds of a gap open tonight we could see 2900... so far so good
  • #9,083
  • May 1, 2017 9:53pm May 1, 2017 9:53pm
Quoting elbert3
{quote} As above .... hammer holds of a gap open tonight we could see 2900... so far so good
Nice call B

113 was Stu on Friday
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,084
  • May 2, 2017 1:10am May 2, 2017 1:10am
Quoting Mr. Scott
{quote} Nice call B 113 was Stu on Friday {image}
Morning I like the rest of the ext . 2845 and 2805 if that 78% pull back 2906 2910 makes resistance. Looks like a false pennant break long so buy the bottom which should be 26010 area . But that's a big ask now . B
  • #9,085
  • May 2, 2017 1:12am May 2, 2017 1:12am
Looking for gbj now to do the same back to 140.eu 1.700
  • #9,086
  • May 2, 2017 1:59am May 2, 2017 1:59am
Quoting elbert3
{quote} Morning I like the rest of the ext . 2845 and 2805 if that 78% pull back 2906 2910 makes resistance. Looks like a false pennant break long so buy the bottom which should be 26010 area . But that's a big ask now . B
If you check the history (long history back to 1976) 1.28xx - 1.40xx is a transition area and price tends to move above or below quite quickley. So. I'm interrested to see if price holds above the breakout point. The penant met target, so wouldn't call it false, just noticed that the ATR for cable is sitting at all time lows, looks mostly like a loss of volatility. I don't really have an active chart on LTF for this but I do think the following levels will be area's of interrest

1.342xxx - potential S/R
1.2880 - Current S/R is an area of interrest appears it might b Support
1.385xxx - Final S/R in transition.

Or we go into consolidation 1.28xx - 1.40xx. Current fundamentals and Brexit suggest 1.15 as a target level. Current TA and PA don't support this and as I note before seem to be going to transition back to the upper level, Cable doesn't really belong down here....
  • #9,087
  • May 2, 2017 2:12am May 2, 2017 2:12am
Quoting JimmyC
{quote} If you check the history (long history back to 1976) 1.28xx - 1.40xx is a transition area and price tends to move above or below quite quickley. So. I'm interrested to see if price holds above the breakout point. The penant met target, so wouldn't call it false, just noticed that the ATR for cable is sitting at all time lows, looks mostly like a loss of volatility. I don't really have an active chart on LTF for this but I do think the following levels will be area's of interrest 1.342xxx - potential S/R 1.2880 - Current S/R is an area of...
Hi Jim long time no post together thanks for the inpu . Regards E
  • #9,088
  • May 2, 2017 2:25am May 2, 2017 2:25am
Cable (Daily)

Sorting out my lack of a chart:
Attached Image


Notes:

  1. PA trades above the 200-day SMA suggesting to major money managers that Cable is a "long" again.
  2. Technical structure Inverted H&S / Alt Cup and handle -> met target / Also note pennant flag
  3. Rising support with 3 TL type touches
  4. Higher highs and Higher lows forming

The above all suggests the trend has reversed.

Cheers lads, trade safe

  • #9,089
  • May 2, 2017 2:37am May 2, 2017 2:37am
EU 4H

Quite similar to cable in many ways
Also, trend reversal looking to much higher... I suspect parity is off the table till next year or the 1.296xx area has been tested
Flat sided triangle, rising support.... the gap / "window" appears to be breakaway in nature, time will tell.

Attached Image
  • #9,090
  • May 2, 2017 2:45am May 2, 2017 2:45am
I have to on the short side 2761 fail then 2605 area 3rd support 2488 a lot will be riding on the 930 news unles we are seeing a correction leak ?? Lol
  • #9,091
  • May 2, 2017 2:53am May 2, 2017 2:53am
This could be a start of a drop to the 2nd support area 1 hour chart 10 ,20 and 50 Emma's are above the price but 4 hour chart sees 50 ema at 2845 area and look left old s/r also so potential profit target
  • #9,092
  • May 2, 2017 2:59am May 2, 2017 2:59am
Quoting elbert3
I have to on the short side 2761 fail then 2605 area 3rd support 2488 a lot will be riding on the 930 news unless we are seeing a correction leak ?? Lol
Hi E, I think as long as news shows a number above 50 all good, consistent growth has been the story. If the UK maintains positive growth in manufacturing and services despite the "Brexit" fears, all bodes well. I'm keeping the fair valuation of 1.15 by BOE in mind.

Goldman's note (They trade Elliot waves):
“A period of counter-trend corrective price action seems likely before the next leg lower. Put another way, it’s now likely based and started a corrective process/ 4th wave.
“A 4th wave typically retraces back into wave iv/3 territory; in this case 1.2798-1.3445. It also often retraces between 23.6% and 38.2% of the length of wave 3; also 1.28 and 1.34.”
  • #9,093
  • May 2, 2017 3:12am May 2, 2017 3:12am
Quoting JimmyC
{quote} Hi E, I think as long as news shows a number above 50 all good, consistent growth has been the story. If the UK maintains positive growth in manufacturing and services despite the "Brexit" fears, all bodes well. I'm keeping the fair valuation of 1.15 by BOE in mind. Goldman's note (They trade Elliot waves): A period of counter-trend corrective price action seems likely before the next leg lower. Put another way, its now likely based and started a corrective process/ 4th wave. A 4th wave typically retraces back into wave iv/3 territory; in...
But if not ?? The gap from Sunday open will need to be closed at one time but if you think of the Brit gap in that 1.300 area price did the same nearly got there ten took dive
  • #9,094
  • May 2, 2017 3:19am May 2, 2017 3:19am
Quoting elbert3
{quote} But if not ?? The gap from Sunday open will need to be closed at one time but if you think of the Brit gap in that 1.300 area price did the same nearly got there ten took dive
The gap, seems to be breakaway. So it might be months to years before it closes. Interesting as always to see where it goes. I've shorted into some of the spikes for fun, but I don't have any position trades in the GBP reversal. So I'm flat for today in FX.
  • #9,095
  • May 2, 2017 4:08am May 2, 2017 4:08am
$DX
Daily

Tower top / Three peaks / Three falling windows / Falling resistance
Below the 50 and 200sma
Below the 38,2 uptrend retracement.

Probable reversal fits the pattern of Eur & Pound.

Attached Image
  • #9,096
  • May 2, 2017 5:58am May 2, 2017 5:58am
Quoting JimmyC
$DX Daily Tower top / Three peaks / Three falling windows / Falling resistance Below the 50 and 200sma Below the 38,2 uptrend retracement. Probable reversal fits the pattern of Eur & Pound. {image}
Well had to buy that news looking now 2928 area to take the profit off the hedge and try short but let's give it a few more mins here
  • #9,097
  • May 2, 2017 6:03am May 2, 2017 6:03am
Quoting Mr. Scott
{quote} Hey Squawk, Big fibs on side for Trump move, 382 respected so.... yen love 50 like gu love 886.... Would not surprise me to see much of that leg tested....lot of room.... {image}
well ok then
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,098
  • May 2, 2017 6:10am May 2, 2017 6:10am
Quoting Mr. Scott
{quote} well ok then {image}
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  • #9,099
  • May 2, 2017 8:18am May 2, 2017 8:18am
Another look at Ucad

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It's all about bucks, kid. The rest is conversation.
  • #9,100
  • May 2, 2017 4:11pm May 2, 2017 4:11pm
I would prefer it waits for London but just in case Asia gets frisky

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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
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