a very good short setup on GU, right below weekly pivot, and perfectly confirmed by GJ.
Due to very high momentum right before hit of weekly pivvot I reccomend staing away before some retracement up to 1.5260 or at least 50, and than to wait for 1M PA confirmation.
Tuesday 20 July 2010
Monday 19 July 2010
2010-07-2010 10:55 GMT +1
I see nothing that interesting to trade, however I can see clearly rise on XXXJPY pairs, what may indicate BoJ intervention. I won't call any setup for now, but on UJ I see very clear possibility of 1-2-3 setup on intraday TF around 87 level. If 1M setup will be clear enough I will trade.
2010-07-19 1:26 GMT +1
WEEKLY
GU BUOB
UJ BEOB
Gold suspected, as no new break during this week...
Mini-Dow - pinbar bearish off 50% retracement with no reason to rise ;)
DAILY
Gold on daily looks as set to further falls.
DJI, I believe this pair will react off one of fib levels drawn on very last swing on this pair. So long bias for me [however I don't trade it at al]
GU BUOB
UJ BEOB
Gold suspected, as no new break during this week...
Mini-Dow - pinbar bearish off 50% retracement with no reason to rise ;)
DAILY
Gold on daily looks as set to further falls.
DJI, I believe this pair will react off one of fib levels drawn on very last swing on this pair. So long bias for me [however I don't trade it at al]
Tuesday 13 July 2010
2010-07-12 7:25 GMT +1
there is pretty nice reversal pattern on JPY crosses that generate three short signals:
UJ, EJ and CADJPY.
for european session I se EJ the most tradable, but all of them ha nice clear view below marked entry levels [see charts]
UJ, EJ and CADJPY.
for european session I se EJ the most tradable, but all of them ha nice clear view below marked entry levels [see charts]
2010-07-13 2:21 GMT +1
I see 2-day pinbar on EU daily, and certainly this pair deserves few pips of retracement. I don't feel like trade it, but till morning all may change.
AUDUSD is a big thing. 0.8790 is a key level of resistance, there is round number just above it, so I would expect price to bounce from there, but final break [on second or third approach] will be a great deal to long there.
Gold and Dow are doing good, what keeps me sure that risk appetite prevails on the market, and current moves are only corrective ones.
AUDUSD is a big thing. 0.8790 is a key level of resistance, there is round number just above it, so I would expect price to bounce from there, but final break [on second or third approach] will be a great deal to long there.
Gold and Dow are doing good, what keeps me sure that risk appetite prevails on the market, and current moves are only corrective ones.
Monday 12 July 2010
2010-07-12 15:28 GMT +1
I like three pairs buy setups:
GU, EJ and AU
AU and GU are my old friends in betting long [two weeks of friendship is a long in this case)]
And here are the pictures:
GU, EJ and AU
AU and GU are my old friends in betting long [two weeks of friendship is a long in this case)]
And here are the pictures:
2010-07-12 7:58 GMT +1
I see on 4H some initial correction on USD crosses without following of JPY counterparts. That's good, as may produce few signals later today or tomorrow.
On a daily GU now is breaking it's range I mentioned last week
On a weekly DOW regained losses from previous week, therefore formed 2weeks pinbar. Same situation on AUDUSD.
I see also weekly pinbar up on Gold, but I wouldn't trade it as I'd rather expect gold to fall.
In other words, there is nothing to trade right now, but i see some potential for setups to form later today or tomorrow.
On a daily GU now is breaking it's range I mentioned last week
On a weekly DOW regained losses from previous week, therefore formed 2weeks pinbar. Same situation on AUDUSD.
I see also weekly pinbar up on Gold, but I wouldn't trade it as I'd rather expect gold to fall.
In other words, there is nothing to trade right now, but i see some potential for setups to form later today or tomorrow.
Friday 9 July 2010
2010-07-09 12:42 GMT +1
EU - good bearish pinbar, perfect if confirmed by short signal on EJ outside bar. [However I will trade EU]
Thursday 8 July 2010
2010-07-09 00:32 GMT +1
GU stuscked in range, so I won't comment on it until it moves. I will as well not announce any new setups on this pair as long as formed within this range. [but breakout strategies still welcome.
EUR show small gains for last few days, this may be sign of bigger moves here. In case of setup - there may be opportunity to catch gigantic move up.
EUR show small gains for last few days, this may be sign of bigger moves here. In case of setup - there may be opportunity to catch gigantic move up.
Tuesday 6 July 2010
2010-07-06 23:43 GMT +1
GU if asian session won't bring anything new, tomorrow I wait for break of 1.52.
EU 1.2671 is a key level that if retested tomorrow will also break [for 50 pips or more]
EJ shows some signs of gains. I think one or two days more and some great setups will start to pop up here and there...
AUDUSD - clear OB up on daily, I like it a lot. But this is a tricky trade. There is a key resistance level @ 0.8577. I would trade this pair only if it react off this level and than slowly advance further. 0.8570 - 0.86 is a perfect TP1, than I would leave it to go maybe even to 0.87, just with adjusting SL here and there with final target @ 0.9.
to sum up, It's a 100% setup if and only if 0.8577 [or 0.86 will react first [at least 20].
Gold further fall ensures me in my risk appetite strategy [at the end of the day it's all just a psychology and traders biases...]
And DJI outside bar up on top of it...
EU 1.2671 is a key level that if retested tomorrow will also break [for 50 pips or more]
EJ shows some signs of gains. I think one or two days more and some great setups will start to pop up here and there...
AUDUSD - clear OB up on daily, I like it a lot. But this is a tricky trade. There is a key resistance level @ 0.8577. I would trade this pair only if it react off this level and than slowly advance further. 0.8570 - 0.86 is a perfect TP1, than I would leave it to go maybe even to 0.87, just with adjusting SL here and there with final target @ 0.9.
to sum up, It's a 100% setup if and only if 0.8577 [or 0.86 will react first [at least 20].
Gold further fall ensures me in my risk appetite strategy [at the end of the day it's all just a psychology and traders biases...]
And DJI outside bar up on top of it...
2010-07-06 7:19 GMT +1
today London session is a chance for EUR and GBP to rise a bit further after asian, there is a good spot to aim just above overnight high.
Monday 5 July 2010
2010-07-05 23:27 GMT +1
I have somehow missed long setup on GU, but it occurred quite late, so I'm mentally in long GU setup, but I'll wait till tomorrow morning to trade it. [price still range around the top of pinbar long I hope to trade.
On 4H chart USDCAD cought my attention as well, but This is more kind of preparation for tomorrow than something that would keep me up overnight.
On 4H chart USDCAD cought my attention as well, but This is more kind of preparation for tomorrow than something that would keep me up overnight.
2010-07-05 10:07 GMT +1
As for my daily analisys,
GU I see further up potential here.
EJ - I cant say up, but I can say for sure that fall below 107.30 [last week low] will be another sign of European recession and signal for investors to sell even more.
USDCAD - good to fall.
GOLD - my eyes on it, further fall good sign, back to 1240, still hesitating.
And for this day [or at least 4H candle]
AUDUSD may be nice long
USDCAD may be short
GU I see further up potential here.
EJ - I cant say up, but I can say for sure that fall below 107.30 [last week low] will be another sign of European recession and signal for investors to sell even more.
USDCAD - good to fall.
GOLD - my eyes on it, further fall good sign, back to 1240, still hesitating.
And for this day [or at least 4H candle]
AUDUSD may be nice long
USDCAD may be short
Friday 2 July 2010
2010-07-02 7:14 GMT +1
I would try morning breakout strategy on EU and GU, especially if they will break up.
Also Buying CAD is welcome as I see sort of turn back formation on both USDCAD and CADJPY [CJ broke its yesterday high overnight].
Finally AUDUSD may be good trade long, but in therms of setup this one looks the less attractive.
Also Buying CAD is welcome as I see sort of turn back formation on both USDCAD and CADJPY [CJ broke its yesterday high overnight].
Finally AUDUSD may be good trade long, but in therms of setup this one looks the less attractive.
Thursday 1 July 2010
2010-07-01 23:59 GMT +1
Today EU and GU move amazed me.
As for today, Move of CADJPY above 83.28 I will take as a natural consequence of today EUR and GBP gains. Therefore will treat as a good hint to buy it.
GBPJPY and AUDUSD may be good buyers as well, but firs I need some more reliable price action.
As for today, Move of CADJPY above 83.28 I will take as a natural consequence of today EUR and GBP gains. Therefore will treat as a good hint to buy it.
GBPJPY and AUDUSD may be good buyers as well, but firs I need some more reliable price action.
2010-07-01 8:24 GMT +1
I see not much oportunity to get in seriously. There is already a bit too late to catch the move on USD or JPY crosses but not much to say there is a reversal on risk appetite.
For today morning I think wthis may be smart to trade on EU or GU break outs no matter short or long, I think as well about shorting USDCAD, but none of those trades are "selftrading" ones. They are more kind of blindguessing with 60% chance of success...
For today morning I think wthis may be smart to trade on EU or GU break outs no matter short or long, I think as well about shorting USDCAD, but none of those trades are "selftrading" ones. They are more kind of blindguessing with 60% chance of success...
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