We just had a close above the 200 SMA which TYPICALLY means we are headed much higher.
I have my projections at around 1.2789 but will cut out early to lock in some profit.
See prior posts of mine for stops.
I have been long since 1.2500 on the 25th.
Headline reads 20 but body reads 200. It should be the 200 SMA.
I am holding my long position too, .2480 on 26th after it rebound from .4450 and thinking of closing the position but decided to hold on after the retest of .4450. I think i will trail my stop slightly below each high. Looking for short position. @___@
Quick update and i have no time for charts..
GOLD : did it on the gold section last nite..
EURO:: 2522-24 is immediate resis and a possible retrace to 2498 possible here.. 2548 and stretched to 2556 seems to be the trigger point. A break here is required for euro to be out of the dull territories else would once again be sold out.. A break higher clean tgts 2605..
AUD:: As expected took out the neck of the inc HNS and is on its way to 10182-84..the extended tgt are 10206..... for now..10110 is now a must hold for it seems to be the neck break on various bigger TF..
GU::5575-77 seems as a decent supp and a move higher has 5616 followed by 5633 and 5664. Above that it could be heading much higher.
SPX:: Like AUD has attained a break higher and 1330 is good breakout resis turned supp and if holds have a higher tgt of 1350 in coming sessions..
USD:: Is back under the neck and comfortably staying lower.. If the beast is not waking up from its bearish sleep for now, we should have a relative easy trading day today..
Cross pairs are showing potential and esp aud pairs would be easy to trade if aud is holding 10110 area...
GL..
EDIT:: On AUD must hold is 10092-94 and not 10110..................
Last edited by stryker; 06-28-2012 at 01:45 AM.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Sorry, Alan, I decided to join you on NZD long since Tokyo was liking the Kiwi. Then it was going so well I added to the position-- and stopped the trend, just like THAT!
chk the SPX.. it's the driver and AUD is awesomely bid on charts. Pointed out again and again on AUD strength for the past few days..
NZD is slower in it's pace...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
This is the new thread I have started to discuss the possibility of 100% signals or ability of the technical analysis to spot 100% signal. So let's explore the possibility.
chk the SPX.. it's the driver and AUD is awesomely bid on charts. Pointed out again and again on AUD strength for the past few days..
NZD is slower in it's pace...
GL...
Aussies have hardly ever been my friends; I never seem to guess when the moves will happen there. There was a quick 30-pip jump at Tokyo open, then doggedly in a narrow range. Unless I had guessed to join it right at that moment, there wasn't much of a chance with that one today.
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It is a mover on it's data and perhaps a good pair to trade in the NA session when Futures are up and running as well. I like it for it behaves well on the tech aspect and is a good pair on cross pair trading as well. Also kinda very trending pair as well..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Slovenia (which is inside the Eurozone, unlike Hungary) has also announced that it is underwater and might need a bailout, aside from Cyprus which is somewhat larger and has gotten more press.
Plateaued at 1.2515 after a 30-pip upsurge on news of another Spanish credit-rating downgrade (does this make any sense? of course not, but why should anything start to make sense now?) Will it go up again when it decides to move, or now turn down? Don't ask me, I'm always wrong. I thought it was finally going to break through the support at 1.2450 and I'm still holding shorts from the 60's planning to ride this out. One of these freaking days it has to crash, hard; my target is ~1.20 and I won't cash out profits before then, which means I have to avoid setting any stop-loss except the max I can keep up the margin for.
The worse things get in and around this summit, the more the market bets that the ECB will expand its balance sheet next week - hence the irrational euro strength. I am short at 1.2508, 1.2411 and 1.2315.
Midas
The worse things get in and around this summit, the more the market bets that the ECB will expand its balance sheet next week - hence the irrational euro strength. I am short at 1.2508, 1.2411 and 1.2315.
Midas
Hi Midas - Appreciate you can enlighten if the ECB expands its balance sheet, it is a QE exercise meaning printing more money, the euro should go down instead. I am puzzled!
Hi Midas - Appreciate you can enlighten if the ECB expands its balance sheet, it is a QE exercise meaning printing more money, the euro should go down instead. I am puzzled!
Hey Eric - absolutely, if the purchases are unsterilized, indeed the balance sheet expansion will result in further Euro weakness. If they are sterilized, there might be some volatility and not to mention, the real effect on the economy would be more muted in the short run.
The mere fact that if the ECB does finally budge and initiate more SMP and/or LTRO in the next two weeks, we might get a relief rally, but eventually...the currency is very likely headed south.
Raghu 100% questionable, maybe 90% and what about timing and target points?
Can you do that?
Originally Posted by raghu1
This is the new thread I have started to discuss the possibility of 100% signals or ability of the technical analysis to spot 100% signal. So let's explore the possibility.
Hey Eric - absolutely, if the purchases are unsterilized, indeed the balance sheet expansion will result in further Euro weakness. If they are sterilized, there might be some volatility and not to mention, the real effect on the economy would be more muted in the short run.
The mere fact that if the ECB does finally budge and initiate more SMP and/or LTRO in the next two weeks, we might get a relief rally, but eventually...the currency is very likely headed south.
Short
Midas
i completely agree with the eventual trip south - interesting to see how far north it can make it first
good analysis is easy
making money from your analysis is a whole new ball game
EURUSD broke above its previous high on 30min TF and I prefer to buy on a dip towards the Pivot Point. I'm bullish as long as 1.2475 holds.
German unemployment data may set the course.
EURUSD broke above its previous high on 30min TF and I prefer to buy on a dip towards the Pivot Point. I'm bullish as long as 1.2475 holds.
German unemployment data may set the course.
May I know why are you bullish? Your charts tell you so or the fundamentals are improving?
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Originally Posted by NHAppraiser
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