syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 euraud has come back http://a.imageshack.us/img152/9817/euraud.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 audusd at some level of support here, a break might lead me into a short with stop above this support. http://a.imageshack.us/img152/8279/audusdu.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 http://a.imageshack.us/img152/7956/gbpchf.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 i should mention vantagefx datafeed just froze for over 2-3minutes, did anybody else experience this with gomarkets? they use the same datafeed and my live gomarkets froze along with this broker, guess im ditching both and moving. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 audnzd - rsi bordering overbought http://a.imageshack.us/img152/2834/audnzd.jpg Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 euraud making a move here http://a.imageshack.us/img152/2453/euraudi.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 eurgbp, i would look to get short after a corrective rally of some kind, also remember alot of sterling news this week so i wouldnt be holding anything during high impact news, keep sterling trades short term for now http://a.imageshack.us/img152/1664/eurgbpu.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 audusd rsi pretty much oversold, looking to get short after a bounce up, also note it seems to have broken that support, short term atleast Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 usdcad look to get long, note the resistance that hasent broken for over 9 months http://a.imageshack.us/img152/4741/usdcad.gif Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 16, 2010 Report Share Posted August 16, 2010 Thank you Sky1kz for your detailed reply to your settings of RSI and the rest. Your charts are just great. I am flat out at the moment with other matters but will contribute my thoughts later today/tomorrow I am reading all your posts with great appreciation Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 gbpchf has hit tp for 200 pips http://www.mt4i.com/users/pipstealer Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 recieved this is an email before, will be interesting to see how my long usdjpy works out, even though my stop well above that first noted support level of 85.31, currently -60pips USD/JPY Bullish unless below 85.31. Since the beginning of the third quarter the yen has lost 400 pips and last week the currency retested its 2009 lows of 84.82. But last week there were also signs that selling pressure was waning. On the daily chart a bullish hammer formed at the low; a candlestick pattern consistent with exhausted bear market sentiment. Selling interest supported this by consistently stalling below 85.00. On a weekly basis, momentum levels are the least bearish in almost three months. The forecast for this week is therefore bullish unless there is a move below 85.31. First resistance is at 86.43, which represents the bear trend of failed bounces that has capped the market since June, to 86.94, a 50% recovery to the losses since July (89.17 – 84.73), then 88.12, the highs of July 28. RES: 86.43 96.94 88.12 SUP: 85.31 84.73 84.00 Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 looking at these for my next setups to take http://a.imageshack.us/img801/3096/euraud.jpg http://a.imageshack.us/img801/2075/gbpjpy.gif http://a.imageshack.us/img801/4741/usdcad.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 (edited) noted some lower highs and lower lows here, will there be a lower high around the pink line? could be used as a possible short entry as rsi nears overbought on the lower time frames http://a.imageshack.us/img801/7392/audusdl.jpg Edited August 16, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 i would stay away from the aussie until after the news now, it is dead and not moving at all, i just broke even on live, it was in profit the whole time i was at work then i come home to -2pips and had to wait 5 mins to breakeven :/ Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 Thank you Sky1kz for your detailed reply to your settings of RSI and the rest. Your charts are just great. I am flat out at the moment with other matters but will contribute my thoughts later today/tomorrow I am reading all your posts with great appreciation No problem mate, see your PM when you get a chance Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted August 16, 2010 Report Share Posted August 16, 2010 Hey syk1z, Your technical analysis is very educational. Have you had success on your live account using these trades? Chris Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 (edited) Hey syk1z, Your technical analysis is very educational. Have you had success on your live account using these trades? Chris To be honest the account is down but i am not, I blame alot of that to dragonpips and megadroid before i started manual trading. I went EA crazt prob 6-8 months ago and u can find alot of my posts in DP/MD threads, However since following trendlines i am doing alot better than any EA i have used. So i am up, but my account is not if that makes sense. i am makinkg it back slowly though. I am looking for a new broker after gomarkets/vantagefx dying yesterday for 2-3mins, i will show live trade data after i move - until then demo only Edited August 16, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 16, 2010 Author Report Share Posted August 16, 2010 My USDJPY trade isnt looking so hot a break here will ensure its failure http://a.imageshack.us/img822/4404/usdjpy.gif Quote Link to comment Share on other sites More sharing options...
crushbeat Posted August 16, 2010 Report Share Posted August 16, 2010 hello, so you mean usdjpy will break down further? thanks Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 yes i believe so, but its impossible to say, it has put in a double bottom so i am expecting it to move up, thats why i am long Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 note the double bottom near the pink link, it went near the line in november last year, then returned now to retest the low. along with the potential for BOJ intervention, or the rumours atleast, im hoping the losses are about done, thats why my stoploss is below the support line marked http://a.imageshack.us/img822/6999/usdjpyh.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 (edited) divergence is present, but only just, probably wont hold, but we will see http://a.imageshack.us/img822/9672/usdjpyt.gif Edited August 17, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 http://img237.imageshack.us/img237/442/audusd.gif Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 17, 2010 Report Share Posted August 17, 2010 (edited) My thoughts on AUDUSD Once PA rolls over on H4, I have indicated possible strong support on lower TL and W1 55 EMA as TP1. ( confluence of two support lines used by many traders.) On D1 I see hidden divergence to the downside. Another place I will be watching is PA on this lower TL. Hidden Diverence PDF by sRs guru: http://www.4shared.com/enter.jsp?sId=iFVAFzB8sAbEDUXC&au=1 http://img188.imageshack.us/img188/3338/audusdd1.jpg http://img838.imageshack.us/img838/3274/audusdh4.jpg Edited August 17, 2010 by THANKS Quote Link to comment Share on other sites More sharing options...
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