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06-30-2009, 04:59 AM #24196
Ok, it's your choice....
Originally Posted by brad_1199
06-30-2009, 06:15 AM #24197
Just look at the rally in AUDJPY, That is really impressive... I can't believe it's still going
AUDJPY Daily Chart ---->
Last edited by brad_1199; 06-30-2009 at 06:17 AM.
06-30-2009, 06:17 AM #24198
This is how I see the EURJPY right now, broke through resistance, a retest and move back up again. We should see 137.50 from here.
Originally Posted by ravno
06-30-2009, 06:26 AM #24199
One could make the following setup for shorts in EUR.JPY...
Pictures aren't the everything
Last edited by ravno; 06-30-2009 at 06:28 AM.
06-30-2009, 07:16 AM #24200
attempting a position trade here.. lets see if we can get it running, or get out at b/e at least.
my 30 pip target from yesterday is still running - which is basically a mistake i guess. still have no expirience with it, so i am not really sure how much to let it run and when to exit.. but i am leaving it the way i have programmed it.
now i am not really concerned with a 50 pip drawdown to get the 30 i planned, but my issue is that the original trade idea isnt valid anymore.
it ran 10 pip into profit and dropped to currently -25... while i fell asleep
Last edited by qsx; 06-30-2009 at 07:18 AM.
06-30-2009, 07:37 AM #24201
Hey, this is the day of the clear 5 waves
Just found this one.
This time pretty short-term...
06-30-2009, 09:10 AM #24202
30 pips in the green - moving stop to breakeven..
06-30-2009, 09:33 AM #24203
A small dip before the wave 3 of III upwards.
For the ones that did not go long yet, this might be a good opportunity to jump on board.
06-30-2009, 10:24 AM #24204
cycle fade trade
the magic of upside down money management.
i have to say i didnt care too much about the drawdown because there was this explosion elliot wave scenario, although the idea was basically to trade without forecasting..
and i am not sure how important exactly this dollar appreciation is today, alot of you are dollar bearish, and cable is at the moment 300 pips down in the matter of 8 hours, looks very much like a significant sentiment shift/trend change.
edit: taking half off on position trade at 1,0882 for +84 pips - other stop left at +10.
Last edited by qsx; 06-30-2009 at 11:01 AM.
06-30-2009, 10:41 AM #24205
Now - for a perfect symetry sp500 should be now in wave b of an expanded flat - new low and then 5ve up aiming .618 fibo of zigzag a at 928.4 which hasn`t been reached today.
06-30-2009, 10:45 AM #24206
cable - bullish scenario
in this case an ending diagonal unfolds....
06-30-2009, 10:54 AM #24207
cable - bearish scenario
in this case we have a complete zigzag and a false breakout from triangle just like on usdcad daily chart
edit: ultimately both counts are bearish - the second one brings and imediate effect while the first will require some more patience -
which one is the one? I myself took this morning a short position in gbpjpy at 160 with a stop at 162.66 - so far so good...
Last edited by fazi; 06-30-2009 at 11:38 AM.
06-30-2009, 10:57 AM #24208
You know what guys.... The end of the month is really close and if EURUSD leaves the presently visible spinning top candle in place on the monthly chart, I think we're actually going to be going down from here and not up like I have been showing with my daily chart...
I have been posting a triangle scenario like this for the long term chart since the very top at 1.6000 ...
Be real careful ! I just closed my long positions from 1.3000 and have flipped to short against the high at 1.4338 targetting 1.2700
Check Out This Monthly Chart ---->
Last edited by brad_1199; 06-30-2009 at 11:27 AM.
06-30-2009, 11:33 AM #24209
I do not have a position in GBPUSD at the moment.
It looks like this morning will be a good opportunity to go long at around 1.64; once the last C wave down is complete.
06-30-2009, 11:43 AM #24210
This one gave me a scare yesterday especially with cable breaking up, I suppose the GDP numbers were the saving grace? My position is short from 161 and have since added more shorts at 158 and 157, expected targets in the 145 range, With cable now looking vulnerable I suspect we may have completed what I've depicted as B in the GBPJPY chart below.
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