Thursday, July 8, 2010

EUR/AUD experiment continues

Not posting anything on "usual" pairs, because can't say clear whats going on there at least in some mid-term period.

But EA looks interesing to me now. my previous experiment i described in 1st post ended with something like SL=+700-750pips. pretty good

Now want to try new entry. my bias still same. so buying here 1.4440-1.4500 area. to be honest not clear SL now. but maybe will try SL=550pips TP=1000pips as first setup. later will change maybe

Monday, June 28, 2010

UCHF

Support on UCHF 1.0875 from previous breakout, try to long from here with potential Target 1.113x. Cut if daily comes bear and closes under 1.08

IF support broken, try to short with SL 1.096x, potential target 1.05xx

GJ 28th June

inverted hammer, three doji's testing weekly TL without creating any further movement neither up or down.
frustrated zone

take advantage of double hammer, TP 137.05, TP3 139.10 (strong resistance), TP3 141.xx (top channel).
Cut and reverse if daily break downside under 139

EJ



is that EJ daily chart a real dick and balls pattern? (reversed SHS) at least looks not bad, at the bottom... depends on the next couple of days.

Wednesday, June 23, 2010

Trading idea for tomorrow/this week

as for tomorrow - most tradable charts to me - AUD/USD, NZD/USD, EUR/JPY. maybe USD/CAD and EUR/AUD

as for AU NU - both has something what reminds me 'reversal day' pattern a lot. also, NU broke 200DMA line 14th May, made huge leg down and started retrace. and where did it stop? at 200DMA again, but from the other side :) and we see a clear rejection, especially shaped out like reversal day. what can i say - try to SELL high.

EJ - even if not going to break previous daily lows at 108.0x, then at least it can go to 109.00-50 and form reversal SHS.

as for others i watch - sell high this week. i think bears will have the ball at least for few next days, so EU GU GJ sell as well.
UCAD UCHF buy.

and for EUR/AUD... i just do some experiments... today i've opened a long trade in the morning with SL = 150 pips, TP - who knows with it moves. i think 500pips should be lowest if direction correct.

this is my brief view for upcoming days. longer frame ideas only when week closed.

sorry for "messy" message. will try to do someday beautiful posts with charts like master guguk does :)