Glad that I awaited NFP ( the flavour was still bull): did a buy & got some 100 pips. Fibs drawn 09/23 to 03/2: 50% 0.5918 with 62% @ 0.6158.
Indicators up, $ @240 ema, USD being sold ( optimism ?). Looking @ .6150 the 62% fib!
G/Aud looking to short (broke prev resist 5Jan 14/29Apr) indicators down. 89<144<200.
G/Cad same. $ @ 62% fib. TPP 1.7100.
G/Ybullish. $ @144 MacD up > signal.
NZ/Y bullish. $>200
AUD bullish. $>200; 50%fib( 15Jul-27Oct) is 7921 (TPP) MacD STO up.
CAD/Y AUD/Y bullish (A/Y 3&5 x’d > 240 up;$> 38% fib 25Jul-24Oct TPP 76.77 62%fib 22Sep-24Oct)
E/AUD 1.73ish anyone?
Gonna finetune these setups tomorrow:cool:
She dinna quite make 62% ( but close).
I’m thinking retrace ATM.
D chart: -ve STO div (23 Mar-8May)
5839 (23% fib & 18 ema)
4H: 3<5<10 & MacD down (but > H20).
H: 7 May 14:00 5906 is prev supp 5906 is 10Daily ema drawn on 4H chart
My TPP 5840 (23% D fib {5828 is 18 D ema)
SNB: verbal sabre-rattling. Fundamonals :mad: resulted in this pair screwing up a good lower TF short. Hey SwissNB, keep keep your cheesy tactics out of the fx mkt!
If you had taken the time to look @ proper TanA on the D ya mighta seen the pennant forming & MacD x’ing > signal as well as 1.5000 support @ 50% fib. Ya coulda been sure that yer precious franc would have surrendered w/o them.
But noooooooo! ya chose to rile the traders & they may take E/CH lower just to have a p***ing contest with you:eek:
So now, I gotta wait til the down TL is broken @ 1.5160 for a possible up T cont’n pattern to unfold.
BTW, SNB: on the W, the 144 is at the 200 & looks like a death cross.{now this is the part where I should say “you’re going down swiss franc!” but in the E/CHF world-you could ascend at the expense of the euro.
same possibles as post #62
COT info from Daily FX helpful in maintaining my positions.
Still ticked with SNB. S**t or get off the pot
I had W charts (2 yr) and drew fibs.
I’m still selling against the USD. ( my kiwi short has > 400 pips agin me, but the COT data says “patience”).
My take be that we ain’t outta the recession spiral, despite mainstream news.
AUD/NZ: D tf, up TL break suggests TPP 1.2487 ( 50% fib 6-30 Apr lo/hi) 1.2518 is 89ema;$ now @ 38% fib; STO heading down.
AUD:comms are increasing their shorts (futures are going up) also, USDI futures are going down and the comms are increasing their longs! wrt TanA
MacD STO up (but in O/B territory)A down TL (22 Sept-11 May) break.
Fibs 22 Sept- 27 Oct: 62% is 0.75ish (also a prev support level & 38% fib 14 Jul-27Oct).
I got a TPP .7921 the 50% fib (14 Jul-27 Oct)
E/AUD still looks down.
E/CAD bearish.
E could be a buy (TPP 143.70). Indicators are up.Future chart comms are increasing their shorts & indicators are up.
Just checked E/US W chart. Something for me to consider- a 1-2-3 bottom?
#2 @ 1.405 is 50% fib (13 Jul- 26 Oct) The short term emas are xing> than the mediums and the W indicators are up. The euro futures are up & the comms are increasing their short positions
$ > than 89 & 144 ema’s on W.
TanA says buy long term. Will the fundamonals agree or screw a beautiful thing??
Patience Grasshopper,& see the W next Friday.
$ broke < up TL ( 5 Nov- 6 May)
$ approx prev support 19 May/ 08
89 ema x’d < 144
I’ll await D candle to close < 7 May low (1.5466) to place sell.
W indicators are down.
I haven’t been following this thread, and I’m not trying to hijack it, but I have to ask this one question…
You do know you’ve named your system after bat poop, don’t you?
[I]Wikipedia: Guano (from the Quechua ‘wanu’, via Spanish) is the excrement (feces and urine) of seabirds, bats, and seals.[1][/I]
Oh now you made me think of Ace Ventura 2. Second funniest movie ever. :D:D:D
Doggonnit! I originally intended it to stand for GU(ppy) an(d) O(ther) currency pairs:eek:
Of course,the definition you provided certainly explains some of the market behaviour recently ( as in: “the NFP report today, gave me the guanos”).
OK, gonna need some help with this. My brain be fried and the only thing I can arrive at is: Trading Information Trade Sheet.
What about Specialized High Intensity Trading?
Great idea! rate your movie and your fave fx pair…
Technical Information Trade Sheet & Art Scene Supplement orrrrrrrr…
Technical
Information
Trade
Sheet
& Art Scene Supplement orrrrrrrr…
Thanks for reading. Hope some scenarios panned positive for you guys.
Phil: looks real fine; however, “Simpsons” has their Springfield Heights Institute of Technology and they may have patented it.
Mayhaps, Chart Reading And Pattern Signals?
I think I’ve flushed your thread down the toilet here… Sorry.
No apologies necessary. Everything that gets flushed, becomes compost, which nurtures new growth.
For example: had you not posted, I probably would not have twigged to your thread ( s b/o strat…), Looks quite interesting and I shall demo tonight.
Hope you utilize these facilities as need arises, in the future:)
In the meantime, I award you a Zheimerviller fart:eek:
Today, I be focused on Aud & Cad/ Yen X’s.
They be loooooongggggg term ( due to friggin’ fundamonals.)
Aud/Y: M $ @ prev support (Jun/Jul '04)
$> 38% fib (Nov/07----Oct/08) 81.53 is 50% fib & prev supp (Jun/05). STO is up & MacD has curled up.
W: up trend, BUT possible -ve STO div.
D: $ @ prev resistance & 62% fib ( 22 Sept- 2 Feb) 89 & 144 ema's are up.
CAD/Y: M MacD up prev resistance 88.70ish ( Mar/ 05) 90.266 is 38% fib ( Nov/07- Jan/09) prev res (11/04 & supp 7/05) STO is up.
W: MacD up, STO o/s.
D: $ > 50% fib ( 25 Sept-5Dec)
$ @ 50% fib ( 23 Jul- 22Jan)
MacD up & STO up- but possible-ve Div?
My focus this post was due to a report (long term) wrt oil being triple digits/bbl.
How much would it cost to ship from China to North America? How much to run the factories in China, India?
Why is Magna trying to buy Opel (Europe) from GM?
Why are FIAT & Chrysler doing business?
But this be down the road not day=trade stuff.
The USDI is approaching Oct/08 support. Bucks keep going to buy NZ.
There is a prev support level (10 Sept)@.6521. If I see a D candle close > then I shall buy with a TPP @ .6800. TanA says Kiwi O/B and should expect retrace, but the weak US$ screws a beautiful thing. TOO steep a rise for me-I shall await a retrace).
Aud (be careful wrt % rate decision from RBA). Longer trades- NZ Cad Aud- I’m bullish.
Anyone out there who knows where to get IT-Finance charts for free(demo accounts)?
My understanding is that fxsolutions bought ACTforex and closed these accounts May 29.
IT charts were great and had all TFs,indicators & tools.
They (fxsol) have their “Pro charting” charts- these lack the 4H & several indicators . Being paranoid, I like to think that they have done this purposefully, in order,to further increase the “house odds”:eek:
Prorealtime is great. However, if you do not subscribe, you get D end of day data ( still useful, but not for day-trading).
To me, the E/US looks very interesting!
iflows sl sold. but futures chart- CMF +ve, MacD up > sig 10>25 & going up. comms are decreasing their shorts ( there was a big range btn them & the non-comms so this could mean a reversal coming in the pair!! Alas, could be 1-3 months just not tomorrow ok?)
On the W chart:MacD up > sig & H20.STO 8/40 are up. $ @ 50% fib ( 13 Jul- 26 Oct). Possible 1-2-3 bottom & $ went> #2 (if this be fact, then possible TPP 1.6100).bUT… THIS WK’S CANDLE CLOSED < #2!:mad:
D chart: ema’s up. $ @ prev resist ( 2May) awa 23% fib (17 Apr.-1 Jun)
MacD x’ing down sig -but > H2O-
$ High on 2 June was sl > 50% fib ( 11 Jul- 21 Oct).
1.37ish is 2x resist ( 19 Mar/ 12 May) Possible support?
I’m thinking retrace to 1.37ish.Then she might continue up