i was around most last week, busy near the end so didnt post much, but things should be back to normal now.
have eur/usd being rejected by a resistnace on weekly, breaking through a support on daily and 4hr so im looking for it to come down also. i have it riding the 61.8 fib level on the 4hr so im gonna see if it breaks down below before i go short
nice rick, have a good time there.
i was around most last week, busy near the end so didnt post much, but things should be back to normal now.
have eur/usd being rejected by a resistnace on weekly, breaking through a support on daily and 4hr so im looking for it to come down also. i have it riding the 61.8 fib level on the 4hr so im gonna see if it breaks down below before i go short
On a 4 hr and daily chart there are some serious oversold pairs-
LB.US AU.US EU.US LB.Yen (23 RSI on a 4 hr chart) LB.CHF AU.Yen CHF.Yen (27 RSI)
Funny thing though, I look at the why under these pair and I think that the US markets can go down more which means these can stay at a low RSI for a longer period of time and the DMI line formation wont happen as quickly, they might fake rally the contra-US pairs and then sell them off again.
Comment..
On a 4 hr and daily chart there are some serious oversold pairs-
LB.US AU.US EU.US LB.Yen (23 RSI on a 4 hr chart) LB.CHF AU.Yen CHF.Yen (27 RSI)
Funny thing though, I look at the why under these pair and I think that the US markets can go down more which means these can stay at a low RSI for a longer period of time and the DMI line formation wont happen as quickly, they might fake rally the contra-US pairs and then sell them off again.
looking as some of the us pairs, they seem to be rallying up to retest the supports they broke last night. would like to short if they show a clear sell signal below these levels
looking as some of the us pairs, they seem to be rallying up to retest the supports they broke last night. would like to short if they show a clear sell signal below these levels
A 5 minute chart looks good, nice little trendline starting, but man the pair has been acting like crap lately.
All the contra YEN pairs have been hammered-
EU.Y down 350 pips the last week US.Y down about 150 or so LB.Y down over 400 pips (was down 150 more earlier today) CD.Y down 800 pips since early June AU.Y down 200 (was down 300 before the bounce today) CHF.Y about the same..
I dont get it either..I havent seen news about the YEN to make me think it is deserving of this huge move, maybe it is that they arent stuck like Europe and the US in regards to this financial mess..I dunno.
All Yen pairs are in bear trends for sure..
rick,
A 5 minute chart looks good, nice little trendline starting, but man the pair has been acting like crap lately.
All the contra YEN pairs have been hammered-
EU.Y down 350 pips the last week US.Y down about 150 or so LB.Y down over 400 pips (was down 150 more earlier today) CD.Y down 800 pips since early June AU.Y down 200 (was down 300 before the bounce today) CHF.Y about the same..
I dont get it either..I havent seen news about the YEN to make me think it is deserving of this huge move, maybe it is that they arent stuck like Europe and the US in regards to this financial mess..I dunno.
I am wondering if it has anything to do with those elections we heard about a few weeks ago??
I saw the numbers today and could not believe it. (couldn't act because i am out in the boondocks for Annual Training) actually using the battalion's internet access to post on a gambling forum, hope they don't mind.
76 was the prediction
a few more days like today, and ill believe it.
I am wondering if it has anything to do with those elections we heard about a few weeks ago??
I saw the numbers today and could not believe it. (couldn't act because i am out in the boondocks for Annual Training) actually using the battalion's internet access to post on a gambling forum, hope they don't mind.
Whats up guys havent been home much here last few weeks.....i think ive made 5 trades in 3 weeks but im ready to get back into it here....got to work tonight but have Fri off
Rick @ Wall you guys talking about JPY getting down to 76.....this was being talked about back in Jan/Feb b4 the push back to 90....i guess its got to touch 76 to complete a pattern 15+ yrs in the making....
Looks like we have had some crosses going through at midnight last few days,of course ill be at work....i dont see anything i like at all right now
Whats up guys havent been home much here last few weeks.....i think ive made 5 trades in 3 weeks but im ready to get back into it here....got to work tonight but have Fri off
Rick @ Wall you guys talking about JPY getting down to 76.....this was being talked about back in Jan/Feb b4 the push back to 90....i guess its got to touch 76 to complete a pattern 15+ yrs in the making....
Looks like we have had some crosses going through at midnight last few days,of course ill be at work....i dont see anything i like at all right now
The higher low, higher highs since the 8th are worrysome, and I think they move the markets into the close to be right here which makes that stop possible to hit.
pop,
Good luck..thats a tight tight stop.
The higher low, higher highs since the 8th are worrysome, and I think they move the markets into the close to be right here which makes that stop possible to hit.
definitely a scary one with those higher highs, but i feel it fits how i've been trading so i'm ok with it. if it hits the stop, no problem.
there is this saucer and handle pattern i've seen mentioned with this pair. the formation has been takign place for the past couple months, and if it can break above ~1.66 then it should go up quite fast according to this pattern
definitely a scary one with those higher highs, but i feel it fits how i've been trading so i'm ok with it. if it hits the stop, no problem.
there is this saucer and handle pattern i've seen mentioned with this pair. the formation has been takign place for the past couple months, and if it can break above ~1.66 then it should go up quite fast according to this pattern
Getting pounded on that Cad trade...i have bought 2 more lots not dipping in again until i see something in the charts....i shoulda waited EUR @ CHF had a nice crosses just a few hrs after i jumped in CAD.....no biggie i can wait this one out
Whats up guys.....not USD/CAD
Getting pounded on that Cad trade...i have bought 2 more lots not dipping in again until i see something in the charts....i shoulda waited EUR @ CHF had a nice crosses just a few hrs after i jumped in CAD.....no biggie i can wait this one out
no biggie i can wait this one out
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