It looks like market breathe on back of drowning Euro.
Dow falls, but gold falls as well.
I suppose DOW will rise sometime tomorrow, as to GU and EU I think at least one more day of falls is good for them.
EU is definite pick of a day for tomorrow.
Monday, 21 June 2010
2010-06-21 16:55 GMT +1
I didn't find anything tradable.
I have general concept of what is and what may be going on, however this is one of those times, when one would rather stay away and in spite of general knowledge where market is heading wait for perfect setup.
I have general concept of what is and what may be going on, however this is one of those times, when one would rather stay away and in spite of general knowledge where market is heading wait for perfect setup.
2010-06-21 11:20 GMT +1
quite massive pinbar on GU and double top sort of pin on EU. I think I will wait for some bigger pullback until I will enter. there is 00 area on EU that may play some role, so maybe pullback to 1.2430 will work fine for me...
2010-06-21 8:45 GMT +1
I opened one long EU trade already, however closed as I was not convinced enough as to its future.
In general I would be much more convinced to trade XXXUSD short, but yet no appropriate signal showed up.
To sum up EU EJ and AU look like long setups to me, but only EU was somehow interesting as a trading pair, yet I closed this as well for few bucks loss.
In general I would be much more convinced to trade XXXUSD short, but yet no appropriate signal showed up.
To sum up EU EJ and AU look like long setups to me, but only EU was somehow interesting as a trading pair, yet I closed this as well for few bucks loss.
weekly wrap-up
Today evening charts and started to think that it may be very right to expect euro to fall in longer run.
In general I am euro-hater in a long term [I think it's not going to stay for 80 years]
however in particular in my opinion there is nothing that important happening in Europe that would be reason strong enough to hammer eur down.
In other hand traders are not reasonable group of people and nowadays everyone would get calmer if this touchy world economic situation got resolved whatever the result. In other words it would much easier to be able to point the guilty one [like europe] than sit and have no clue what is going to happen.
Euro situation is like russian roulette, untill bullet shot, everyones' nerves on edge.
Anyway I think european socialist bankers deserve it. ;)
This week key is whether euro will work it's way above recession low [finished slightly above it on EU and EJ] if not - i see deep plunge ahead.
From daily point of view
GU shows some signs of regains, but at the moment it's in a key area of support, this may correct it's rises this week.
Will see tommorow London open.
In general I am euro-hater in a long term [I think it's not going to stay for 80 years]
however in particular in my opinion there is nothing that important happening in Europe that would be reason strong enough to hammer eur down.
In other hand traders are not reasonable group of people and nowadays everyone would get calmer if this touchy world economic situation got resolved whatever the result. In other words it would much easier to be able to point the guilty one [like europe] than sit and have no clue what is going to happen.
Euro situation is like russian roulette, untill bullet shot, everyones' nerves on edge.
Anyway I think european socialist bankers deserve it. ;)
This week key is whether euro will work it's way above recession low [finished slightly above it on EU and EJ] if not - i see deep plunge ahead.
From daily point of view
GU shows some signs of regains, but at the moment it's in a key area of support, this may correct it's rises this week.
Will see tommorow London open.
Friday, 18 June 2010
2010-06-18 11:52 GMT +1
further falls on UJ are likely [no trading signal yet]
EJ same as UJ
USDCAD - turning up signs, not a signal yet
CADJPY same as UJ
I decided to not to trade till monday morning, but if I had to choose I would short CADJPY...
EJ same as UJ
USDCAD - turning up signs, not a signal yet
CADJPY same as UJ
I decided to not to trade till monday morning, but if I had to choose I would short CADJPY...
2010-06-18 7:40 GMT +1
gold - I don't feel familiar enough to real trade it, but I'll wach what would happened if shorted below 1243
EU - long above 1.2412, nice targets: 1.2452; 1.2483; 1.2519]
EU - long above 1.2412, nice targets: 1.2452; 1.2483; 1.2519]
Thursday, 17 June 2010
2010-06-17 10:55 GMT +1
GU - is aiming big on my 4H candle, but move was so fast that it became suspicious. Such a momentum needs some rest, so it's very likely that some minor reversal will occure on its way further up...
EU - also a big mover, can be watched for confirmation of GU
GJ - may turn out nicely too, sefinitely good to watch along with GU trading, just for confirmation...
EU - also a big mover, can be watched for confirmation of GU
GJ - may turn out nicely too, sefinitely good to watch along with GU trading, just for confirmation...
2010-06-17 9:15 GMT +1
still nothing, but GU may be first to move and may bounce sooner or later, that would be something for me then...
Wednesday, 16 June 2010
2010-06-16 15:06 GMT +1
I see literally nothing on a chart. There are some moves, some breaks of candle high or candle low, but nothing I would trade off. That means time for a walk :)
2010-06-16 11:16 GMT +1
USDCAD - nice long [4 in 1-5 scale]
EDIT 11:49 GMT +1:
I need to cancel this call, overall USD weakness would not rather keep it going, pair will stuck at 00 level, why bother..?
EDIT 11:49 GMT +1:
I need to cancel this call, overall USD weakness would not rather keep it going, pair will stuck at 00 level, why bother..?
Tuesday, 15 June 2010
2010-06-15 23:55 GMT +1
EJ - turn down? If driven by JPY crosses - I will leave it, if by EUR itself, may be sign of massive move down [but not much hope for that anyway, at least this would be something worth trading]
CADJPY - there is significant rising potential, but I would not trade it on simple breakout, rather on some retracement, confluence with price action on other correlated crosses or whatsoever.
AUDUSD - my favourite puppy made it quite nicely, however I was targeting for longer move. For now I'm that certain that this pair will turn back on 0.8666, that I closed 3/4 of my position earlier, last quarter I will hold as my plan was to leave small part for 400 pips profit. I left quite wide SL on that and wait for re-entry possibilities.
CADJPY - there is significant rising potential, but I would not trade it on simple breakout, rather on some retracement, confluence with price action on other correlated crosses or whatsoever.
AUDUSD - my favourite puppy made it quite nicely, however I was targeting for longer move. For now I'm that certain that this pair will turn back on 0.8666, that I closed 3/4 of my position earlier, last quarter I will hold as my plan was to leave small part for 400 pips profit. I left quite wide SL on that and wait for re-entry possibilities.
2010-06-15 16:20 GMT +1
Risk appetite is a winner of last 4H candle, EU may gain another bunch of pips, but AUDUSD is my ultimate puppy on break of 0.86 up.
If this trade work out I want to leave part of it up to 0.9, yet I'm not going to trade anything else.
PS
As I'm writing this post last candle formed over an hour ago, and my AUD trade is already triggered yet not in profit.
If this trade work out I want to leave part of it up to 0.9, yet I'm not going to trade anything else.
PS
As I'm writing this post last candle formed over an hour ago, and my AUD trade is already triggered yet not in profit.
15.06.2010 11:19 GMT +1
USDCAD - short below 1.0302 [mind double zero lvl]
CADJPY long above 88.82
June DOW futures - short below 10184 [especially if broken after NY open
CADJPY long above 88.82
June DOW futures - short below 10184 [especially if broken after NY open
Monday, 14 June 2010
14.06.2010 19:21 GMT +1
The most attractive pin is forming on Mini-Dow 4H chart [45 min till candle close].
Rest mentioned here are very average or worse ideas.
UE short - not a proper 4H setup, but confluence of 50% extetntion of last swing and lost momentum on last 4H bar compared with previous two convinces me that at least a bit of correction should be expected here. 1.2150 may be pretty good final target for this one.
UJ still in no momentum up mode with key support level to be broken @91.70
According to EU and UJ analisys EJ is good shorting pair due to bounce off 23% fib extention
USDCAD - I'm already out of this trade with some profit. It did not meet my full expectations, but trade turn out to be pretty nice anyway. This one will possibly rise further, but I didn't really got excited about this one as well as about falling
Rest mentioned here are very average or worse ideas.
UE short - not a proper 4H setup, but confluence of 50% extetntion of last swing and lost momentum on last 4H bar compared with previous two convinces me that at least a bit of correction should be expected here. 1.2150 may be pretty good final target for this one.
UJ still in no momentum up mode with key support level to be broken @91.70
According to EU and UJ analisys EJ is good shorting pair due to bounce off 23% fib extention
USDCAD - I'm already out of this trade with some profit. It did not meet my full expectations, but trade turn out to be pretty nice anyway. This one will possibly rise further, but I didn't really got excited about this one as well as about falling
14.06.2010 GMT +1
USDCAD I shorted this pair once, but closed for 10 pips loss as price action did not convinced me, reopened on the second approach to 1.0286 level, and currently I took away partial profit, and wait for further run. Currently SL 10 points above entry, and wait to hit 1.0250 to take other part and move SL to BE.
apart of this trade i see UJ with it's very narrow range seems to reverse a bit. It's not a trade call, but it makes a good indicator in case of hesitation between USD and JPY crosses.
apart of this trade i see UJ with it's very narrow range seems to reverse a bit. It's not a trade call, but it makes a good indicator in case of hesitation between USD and JPY crosses.
14.06.2010 11:20 GMT +1
USDCAD break below 1.0286 seems to be an interesting short opportunity, however resistance on CADJPY above 89.50 seems to be a serious obstacle for CAD crosses to move further.
I'm still waiting for a pullback on AUDUSD that would be the good reason to long this pair, possibly for medium term trade...
I'm still waiting for a pullback on AUDUSD that would be the good reason to long this pair, possibly for medium term trade...
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