syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 nice hidden divergence - anybody unfamiliar with this i suggest reading this free ebook http://www.tradeology.com/hidden-divergence-a.html Quote Link to comment Share on other sites More sharing options...
fatherloko Posted August 17, 2010 Report Share Posted August 17, 2010 hi syk1kz, I just read all the posts in this thread. I will be a follower with interest since I also trade S&R. Keep it up buddy. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 thanks fatherloko Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 (edited) audusd hitting the roof here, a fairly large drop back to 89 is on the cards by the looks of this, or a break above fridays high, but i favour the downside here http://img192.imageshack.us/img192/442/audusd.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 usdjpy more than likely going to fail, this was a perfect and valid technical setup but this one was probably not meant to be. To be fair we have not gotten stopped out yet but it is looking more likely as time goes on USDJPY Declines, 81% of Traders are Long, Ratio of Long to Short Positions Stands at 4.17. going to look for other setups now and leave usdjpy alone. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 no im not, this FXCM trading station lags to much at work - if anybody has a good platform that is NOT MT4 / FXCM trading station 2.0, and is FREE please let me know, other wise i will be using the shitty netdaniacharts from here out, or possibly just stop posting until i get home. doesnt bother me any Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 should mention i have closed my gomarkets live account, it is now dead to me, i am currently brokerless and looking for a good broker that does not charge withdrawal fees for international customers - gomarkets and vantagefx are out so dont mention those, see the broker section of the forums for details why i am not interested in either of those 2. any aussie traders here that are not on either of those 2 please post what broker you are on, and if they charge fees for withdrawing. once i get a new broker up and running i will start a live account with 500-1000 that people can follow if they wish. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 GBPUSD will it find support around here? or will it follow most other majors and ignore the trendline for a nice tumble down - daily chart provided http://imagefruity.com/images/08112033283910279359.png Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 (edited) usdchf seems to be carving out lower lows - what does this mean for the eurusd drop? will we be going back to to test some highs or just retrace before the next leg down? i will be looking to get short eurusd on a bigger picture outlook. EUROPE is anything but stable and i wouldnt expect the euro to rally to a new high compared to last week, but how knows this is forex remember http://imagefruity.com/images/74437802034568035439.png EURUSD note the former support from may which was tested last week and failed, i would be looking for a possible retest and failure before getting short http://imagefruity.com/images/98261013080139712791.png 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 i would be looking here for gbpusd reversal, or continuation - 1.555 or so http://pic0.picsorlinks.com/ph_or_36820_9ecbcd4.png Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 GBPJPY still in its triangle formation - only just, still looking to catch this breakout ALL BELOW CHARTS ARE DAILY ONLY http://imagefruity.com/images/20614333827214118370.png GBPCHF - similiar setup http://imagefruity.com/images/06055431336373316860.png EURJPY - no explanation required http://imagefruity.com/images/12161293495608109066.png Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 17, 2010 Report Share Posted August 17, 2010 Gain Capital is a very large company. They have forex.com and offices everywhere. Worth checking out, They have website trading too. Use from work too. Even if you use demo. Not exactly sure of durations of demo or charges for LIVE account. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 (edited) thanks - not keen on forex.com as i news trade and they widen the spreads way to far, thats why i was with gomarkets, but the data feed there is second rate at best and they are not worth of getting my spreads, asme goes for vantageFX since they use the same data feed. i was looking at a few international and local brokers but for now i will not bother opening a live until i see something i like Edited August 17, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 17, 2010 Report Share Posted August 17, 2010 follow of D1 AUDUSD The hidden divergence indicated that PA will go North. It has done so far. Where the next turn over I am not sure. On H4 charts PA reached 61% fib retracement . Still watching Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 17, 2010 Report Share Posted August 17, 2010 follow of D1 AUDUSD The hidden divergence indicated that PA will go North. It has done so far. Where the next turn over I am not sure. On H4 charts PA reached 61% fib retracement & Stoch and RSi are both OB zone Still watching Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 17, 2010 Report Share Posted August 17, 2010 Cadjpy (d1) http://img821.imageshack.us/img821/3747/cadsjpy.jpg For those who trade CADJPY I see bullish Div. Enter cross of 50 line of RSI and break of down trendline. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 (edited) dunno if its' works internet filter or if that links no good but i cant see it atm *edit* pic was fine its just works internet filter :/ 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 The hidden divergence indicated that PA will go North. It has done so far. Where the next turn over I am not sure. On H4 charts PA reached 61% fib retracement & Stoch and RSi are both OB zone Still watching I don't think audusd has any more steam to get up the hill, its about done in my view - we will see over the next 24hours i guess, where are you looking at for the next potential top to take place ? Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 17, 2010 Report Share Posted August 17, 2010 I don't think audusd has any more steam to get up the hill, its about done in my view - we will see over the next 24hours i guess, where are you looking at for the next potential top to take place ? Aussie has go south soon is my opinion. I agree not much steam going up. Am watching the H4 TL break and RSI 50 cross down Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 17, 2010 Author Report Share Posted August 17, 2010 (edited) so do you use the 50line as a potential long/short signal? i never really liked that idea, but i never tried it on for longer than a week or so from memory, and it was within my first week of forex ever, so i was probably doing it wrong [ how do you read a 50line wrong? i dunno but i probably did ] btw i like that cadjpy setup, but since i am now liveless and on demo until i find a good broker i dont even have that in my list :( i think we might see a new high in aud before the tumble but it wont last 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 (edited) AUDUSD H4 - still have potential for a new high from here i have gone short here as i am ok with the risk:reward and potential takeprofit level which is close enough to the 50% fibo on the daily. should this trade workout i will be adding to the position with each rally or pullback and will automatically close all positions when we hit TP levels. all positions will be closed when we see a clear bullish reversal pattern on the daily chart and only the daily chart. - i will post details if/when this happens should also note there is NO high impact AUD news for the rest of the week, however we have USD Philadelphia Fed. (AUG) @ midnight GMT +10 [ no DST ] so technically saturday morning but i will see how far into profit we are by then and if we have a large enough buffer i might consider letting it ride - will deal with it later http://img808.imageshack.us/img808/442/audusd.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 GBPUSD living on its daily trendline daily http://img191.imageshack.us/img191/6005/gbpusde.gif H4 http://img9.imageshack.us/img9/7622/gbpusdq.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 18, 2010 Author Report Share Posted August 18, 2010 (edited) GBPUSD well outside the trendline now, its just a matter of what happens from here - anybody care to guess whats happening to the USD right now :) http://img339.imageshack.us/img339/5745/gbpusdn.gif i would go short but there is just to much sterling news going on this week so im staying out of gbpusd - but dont let me stop you http://img825.imageshack.us/img825/2346/gbpusd.gif Edited August 18, 2010 by syk1kz fxshare 1 Quote Link to comment Share on other sites More sharing options...
THANKS Posted August 18, 2010 Report Share Posted August 18, 2010 Lots of opportunities. Not enough time for all charts. Gbpcad H4 Sell Falling wedge on D1 broken lower TL GBPUSD Sell TL break occured, Pullback and now continuation. (BPC). TP 50% Fib Aususd: Stopped at a fib cluster of H4.and coming down. TP=38% fib which confluent with D1 200EMA. Entry safer when RSI 50 crosses down and break of TL. Often RSI 50 cross occurs a candle before break of TL. USe on Line charts.I have given a link of an ebook in my earlier post. Audnzd: Falling wedge on D1 look at H4. TP1= Look at 38% and 50%. GBPAUD: Sell after sideway consolidation H4.Breakout is done, Pullback occuring... Sell on break of Support( continuation) TP=1 ( next support). Looks like a Heads and Shoulder to me on D1. Potential of a good way down. Will try and post again with other opportunities. Entry strategies are many: Count back line of Guppy, 3 EMA cross and the one I mentioned above with RSI and TL break. Many pips; Quote Link to comment Share on other sites More sharing options...
syk1kz Posted August 18, 2010 Author Report Share Posted August 18, 2010 http://img294.imageshack.us/img294/6005/gbpusde.gif Quote Link to comment Share on other sites More sharing options...
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