2010-12-31 23:40 GMT

Daily charts:
GBPUSD:
under last two months descending trendline, soon may bounce down off it

EURUSD:
Third lower high is much higher compared to distance between first and second, and recent low is higher and off 50% retracement of last 7 months move up. And a new year often brings change in trend. Sooner or later there will be long opportunity here in spite of recent financial trouble in EU.

EURJPY:
This one goes smoothly down yet next lower top is about to be established within first few days of a January.

GBPJPY:
Down-trend is more than obvious here, however what I will be looking at are lengths of waves. The one that started in beginning of August is a bit longer than one from mid September, and yet the one that started in second week of December didn't finished yet, but still is shorter than second one. And yet again - will new year mark a trend change?

AUDUSD:
This pair is quite unpredictable for me at the moment. It did lower low in beginning of December, now it is testing high of an up-trend that started in May. It may form double top as well as break higher. I will stay away of it.

AUDJPY:
Clear uptrend with strong trendline just below, however current wave is visibly weaker than the second and second is half as long as first. This is another candidate for trend reversal.

USDJPY:
Very slow moving pair, that's why I don't trade it. It goes down, but there will be better entry point if someone is interested.

USDCAD:
The only obstacle for this pair to fall below 1.0 is the Bank of Canada.I stay away

EURCHF:
Third wave down exceeded already length of the second one but what's more important it did not retraced for a month.
Christmas time was a bit choppy, but after retracement I would expect more falls here.

USDCHF:
Certain down-trend, nice to short on one or two days retracements.

DJI and DAX:
Both are rising, however I will wait for the first week of January.

Gold and Silver:
Definite up-trend with strong reason behind [money-printing and economic crisis in general]. I will be happy to trade it on good technical setups.

2010.11.22 22:55 GMT

EU daily short
EJ daily short

Gold - I missed mice long opportunity on it, however I expect further rises.

Mini-DOW - Very attractive long is forming. Pretty tricky trade as there is still resistance just above today's high. I think it will be broken on second or third approach tomorrow.

2010-11-07 22:51 GMT

I do believe EURJPY will fall in nearest future, as EUR shows bearish patterns across the board and there was no clear reversal on JPY yet (not any fundamental reason for this reversal as well)

19.10.2010 2:03 GMT

I think, that:
UJ will fall, however there is suspicious level @ 80.90, that may be as well level, where BOJ reacts firmly. Otherwise this one may be broken for another 50-100 pips.

GU seems to be due to some bigger retracement (300 pips or so), but in other hand
EURUSD wouldn't surprise me if it goes higher. (already attempted to broke yesterday's high as I'm writing).

No setups here just general thoughts.

2010-09-19 23:43 GMT +1

On a daily chart I see GBPUSD short pinbar, same on EURUSD, but nothing to get excited.
AUDUSD 0.9330 is a key low, that broken may lead to significant correction [100-300 pips], and this may be where I will focus this week.

2010-09-17 00:00 GMT +1

3176464
btu7uyt


As for today:
Nice formation on GU 4H chart that makes me think of buying it tomorrow morning. JPY weakened over the board yesterday, what makes me think there was some key BOJ intervention, and further losses can be expected.
AUDUSD is testing last year high, and I see a large chance for it to break higher, I think par with USD is within a reach in few months.
Gold is a bit worrying, as new highs may be a sign of a recession, however I am convinced that this pair will appreciate over time to discount inflation, however such a move will show some retracement, therefore I will not think to buy it this high. I like also DJI performance that undermine double dip concept.

2010-09-10 16:03 GMT +1

Quiet day, but Gold have formed nice pinbar on 4H chart I will trade soon.

2010-09-10 00:28 GMT +1

There is not much to trade for now, however I expect CAD to weaken [according to USDCAD and CADJPY price action]. Maybe tommorow there will be some opportunity for such a trade

2010-09-08 00:26 GMT +1

I really like my estimation from today morning,
GU felt lower, same as EU, but those moves don't indicate any negative sentiment in markets, I would rather call it deep breath before next steps forward.
Rise in price of Gold catches my attention, but yet I wouldn't call it escape from risk, rather need to diversify portfolio.

I must admit sharp fall of EURUSD was a surprise for me. I still believe that world can recover from crisis leaving Eurozone behind, and I would accept such a scenario as possible, but it's quite early to announce it.

2010-09-07 8:00 GMT +1

today I see chance for temporary depreciation of GBPUSD, especially break below 1.5350 will open chance for another 25-50 pips fall.

Similar situation with EURUSD, however 1.2775 is a very strong support that will hold if my general bullish sentiment is right.

2010-09-06 16:31 GMT +1

This week I will think of long GU and EU, there is also formation long on EJ that grabs my attention.
And good performance of DJI will be a confirmation for my general outlook.

2010-08-10 23:44 GMT +1

From daily chart:
Mini-Dow - may be a good buy at monday's high.
GBPUSD and AUDUSD if this is not a beggining of a correction, there may be a good chance to buy above today high.

2010-08-09 12:00 GMT +1

I see good looking short pinbar on 4H GBPJPY bouncing off recent trendline. I will watch closely and will trade short.

2010-08-09 2:48 GMT +1

In terms of daily chart analisys I will watch three charts: GBPUSD, DJI and Gold.
Gold is a nice indicator of general sentiment. Rise indicates doubts, fall indicates positive bias.
In case of doubts or negative bias I think GBPUSD may lost few hundered pips. In case of good scenario I would buy DJI futures as there is a promising pinbar on friday bar, that clearly indicates bottom boundary for buyers.

2010-08-03 11.43 GMT +1

I see interesting pin up on AUDUSD. Nose does not sticking out far down, but fundamental background is promising.

2010-07-20 11:10 GMT +1

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.

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]

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]

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.