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11-04-2009, 10:03 PM
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Hi Brad
Whats your view on gbpjpy, heres what i am looking at!
Quote:
Originally Posted by brad_1199
I'm still looking for price to re-test .9164
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11-05-2009, 03:54 AM
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DailyFX Course Instructor
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Nov5 DailyFX Forum Highlights 4AM
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11-09-2009, 06:45 AM
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EURO SHORT TAKEN BY 78.6% FIB RETRACE
Price action has really been testing bears with the market racing through some recent consolidation highs by 1.4915 to trade into the lower 1.5000’s thus far. While a retest of the 1.5060 2009 highs cannot be ruled out at this point, we still hold onto our bearish view and look for the latest surge to now stall out on a close basis below 1.4970. The 1.4970 level represents the 78.6% fib retracement off of the 1.5060-1.4625 move and could very well stall the current rally in favor of a bearish resumption. Ultimately, only a clear break back above 1.5060 will negate outlook and force re-think. POSITION: SHORT @1.4970 FOR AN OPEN OBJECTIVE; STOP 1.5130.
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11-09-2009, 12:25 PM
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It's most definitely coming, better sharpen that pencil!  |
11-09-2009, 04:23 PM
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EURGBP
EURGBP is sure taking it's time building a base before re-testing fibonacci resistance at .9164 ---- I have been looking for a re-test of that price since the beginning of the month and thought price would get up there a bit faster, but it looks like price is going to doddle around... I'm still looking for short entry by .9164 ...
EURGBP Daily Chart -->
Last edited by brad_1199; 11-09-2009 at 04:36 PM..
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11-09-2009, 04:33 PM
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GBPJPY
Quote:
Originally Posted by forex friend
Hi Brad
Whats your view on gbpjpy, heres what i am looking at!
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Your guess is as good as mine --- Playing with GBPJPY after that vertical fall from 250.00 is pure uncertainty if you ask me.. It's deffinately a speculators market... It's very hard to say if a multi-year bottom is in place at 120.00 but i say it's a strong possibility and there may be some up side from here... \\\
GBPJPY Daily Chart -->
Last edited by brad_1199; 11-09-2009 at 08:54 PM..
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11-09-2009, 09:36 PM
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AUDJPY
I want to show a very easy to understand high probability trade set-up here on the daily chart of AUDJPY --- It is very clear price is still in a longer term up trend coming off multi-year lows... Price has just completed a pullback to fibonacci support and is now shooting higher to fibonacci resistance at 87.84 ... Price is currently at 83.50 leaving an easy 400+ pips to be had in this pair for short term bulls before price runs into the next resistance level.... By trading with a long bias here and with the clearly visible bullish trend we increase our chances of the trade working out in our favour dramaticlly....
Last edited by brad_1199; 11-10-2009 at 12:06 AM..
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11-10-2009, 04:15 AM
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AUD/JPY
Hello Brad, Thanks for this trade and I've gone long @83.24 with an target of 87.74 as you had suggested. This trade also helpms me as my base currency is NZD which will weaken again AUD. Cheers San
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11-10-2009, 04:20 AM
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EUR/GBP
Hello Brad, I will be very closely looking for your signal to go short as in last few days I've lost 105pips on a decent size lot when I went long @0.9010 and with GBP spike yesterday have to close position @89.05 which was stupid of me. Today the situation has changed with GBP crushed to ground. Never mind its part of learning process. Cheers San
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11-10-2009, 05:49 AM
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AUD/JPY
Quote:
Originally Posted by SKS
Hello Brad, Thanks for this trade and I've gone long @83.24 with an target of 87.74 as you had suggested. This trade also helpms me as my base currency is NZD which will weaken again AUD. Cheers San
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SKS, long time old friend --- Be out of that long trade at 87.25 ------ You should also have a stop loss in place at 82.00 for safety sake -----
Sorry to hear you lost some pips, you'll make them back though, and then some  Try to stick with trading only pairs that have a clear trend and trade in the direction of the trend after pullbacks... You will increase the chances of your trades working out much better in your favour.... |
11-10-2009, 06:07 PM
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Quote:
Originally Posted by brad_1199
SKS, long time old friend --- Be out of that long trade at 87.25 ------ You should also have a stop loss in place at 82.00 for safety sake -----
Sorry to hear you lost some pips, you'll make them back though, and then some Try to stick with trading only pairs that have a clear trend and trade in the direction of the trend after pullbacks... You will increase the chances of your trades working out much better in your favour.... |
Here's what i think is up with daily chart of AUDJPY ----> |
11-11-2009, 08:04 AM
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EURJPY H1
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11-11-2009, 11:33 AM
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Quote:
Originally Posted by YusuFX
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YusuFX, good to see this fib extension here. So far, it's bounced off of it nicely. Good work!
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11-11-2009, 03:36 PM
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Quote:
Originally Posted by Gregory McLeod
Hey Brad, What do you think of the Double Top on the hourly? You think it may lead to a deeper correction?
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Hey Greg...EUR/GBP finally broke higher today out of the consolodation area i was watching, this rally should turn into an intra-day rally back towards fibonacci resistance at .9164 and i think it may go a bit higher too, ultimately I am looking for a short opportunity anywhere by .9164 or higher for an eventual move downward through the longer term up trend line on the daily chart...
A shooting star candle is in place last month on the monthly chart giving confirmation a top is in place, bears should now be looking to short this market at resistance... There is potentially a very big move into the down side here worth a lot of pips With beautiful candlestick confirmation of a long term top in place already, I will be shorting EURGBP in size.. I have been patiently watching and waiting for the perfect short entry in this pair for quite a while now, Oh how sweet it will be
Last edited by brad_1199; 11-11-2009 at 05:09 PM..
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11-12-2009, 11:35 AM
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See which fib levels hold. Major resistances have been broken through the pair coming up above a resistance line and major moving averages...
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