Paulo1 Posted July 6, 2011 Author Share Posted July 6, 2011 AUDUSD has formed a H/S pattern onthe 4hr, Looking for entry 1.0711 stop 0741 Expect a move lower Link to comment Share on other sites More sharing options...
Paulo1 Posted July 6, 2011 Author Share Posted July 6, 2011 (edited) USDCAD have taken 50% profit at 9645. All stops to 9629 plus 23 pips USDCHF have taken profits at 8429. Flat Edited July 6, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Paulo1 Posted July 6, 2011 Author Share Posted July 6, 2011 First target hit on EG at 8954 from entry 9011 , Stop moved to 8995 revised target to 88000. EU target 1,4101 present gain 146 p[ips. USDCAD stop moved to 9625 CADyen, position remains as posted goodnight. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 6, 2011 Author Share Posted July 6, 2011 First target hit on EG at 8954 from entry 9011 , Stop moved to 8995 revised target to 88000. EU target 1,4101 present gain 146 p[ips. USDCAD stop moved to 9625 CADyen, position remains as posted goodnight. Closed all open positions, bar one am holding EURGBP. All trades resulted in a nice profit. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 Am watching EU for a sell signal at 1.4355 to 1.4425 zone , if i get an entry will be looking at a target 1.4245 and 1.4175. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 AUDUSD moves higher in asian session. current 1.0740 bid. Total range for the day so far 74 pips USD index currently at 75.032 restance 75.18/20 , also worth noting its trading at 50 % of last weeks total range. My bias is most likely a move higher to 75.500 76,000. Cable just breaks lower, Good opportunites on 5,15,1hr charts at present on many pairs. 4hr close in two hours. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 Consolidation period, will wait until Euro opening.. Link to comment Share on other sites More sharing options...
how241 Posted July 7, 2011 Share Posted July 7, 2011 ....I WANT THIS TO BE A NEW TOPIC BUT CAN'T---FOR SOME REASON? HELP-PLEASE.....Silver Bars, Anywhere To Buy Them In Pattaya ? ................Is there anywhere in Pattaya to buy silver bars ? I was looking into giving some as a wedding gift. I can't afford to give gold. I have asked several gold shops but all of them say they don't handle silver, as it is not popular in Thailand. One shop suggested that I try Bangkok but that can be a expensive day out just to try and buy some silver bars and I would have no idea where to go in Bangkok or what shop might be trustworthy. Any suggestions? Thanks. Link to comment Share on other sites More sharing options...
Chivas Posted July 7, 2011 Share Posted July 7, 2011 Hi Chivas, As you thought it has opened up higher to 7443.20 . Looking at the daily we currently trading at a previous resistance point with a candle cluster starting 14th feb to 18th and presenting a bearish engulfing candle on the 19th which resulted in a move from 7441.82, to low 6389.39 on march 15th 11, from that low there has been a nice move to a high of 7,600. there is also a possible head and shoulder formation in the process if it reverses. At this time i would be looking for a possible reversal 7430 area and a move back to 7289.20 being first target. I would need to get a reversal signal prior taking that entry.Thats based on Daily and 4hr. I would be watching the 1hr for a reversal or a break above last 1 hr candle high of 7443.20, high of the day made on last 1hr candle, 15 minute showing small signs of reversal. Its actually difficult to perform a complete analysis as i am unware of the timeframe you trade. Intraday trading i would be looking at 1hr,15min and 5min trading in direction higher timeframes 4hr and daily. Last weeks high close has been broken, that is generally viewed as bullish. And the way the 1hr candle broke it could be an exaustion move. So the key is patience, risk management. Interesting thanks. Hang Seng currently up 360 points.. Just looking at the Dax. Looks like a reversal in play . I am looking at selling 7,424 to 7,450 and stop 7,482.85 zone, maybe just 7,300 ,. Yes Dax seems to have peaked at the moment. Picked up 34 pips over 5/6th July going Long but am out of the market waiting. I have a natural aversion to Shorting so will sit and await direction. Leave the market and stay away live to fight another day... Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 (edited) Hi Chivas, As you thought it has opened up higher to 7443.20 . Looking at the daily we currently trading at a previous resistance point with a candle cluster starting 14th feb to 18th and presenting a bearish engulfing candle on the 19th which resulted in a move from 7441.82, to low 6389.39 on march 15th 11, from that low there has been a nice move to a high of 7,600. there is also a possible head and shoulder formation in the process if it reverses. At this time i would be looking for a possible reversal 7430 area and a move back to 7289.20 being first target. I would need to get a reversal signal prior taking that entry.Thats based on Daily and 4hr. I would be watching the 1hr for a reversal or a break above last 1 hr candle high of 7443.20, high of the day made on last 1hr candle, 15 minute showing small signs of reversal. Its actually difficult to perform a complete analysis as i am unware of the timeframe you trade. Intraday trading i would be looking at 1hr,15min and 5min trading in direction higher timeframes 4hr and daily. Last weeks high close has been broken, that is generally viewed as bullish. And the way the 1hr candle broke it could be an exaustion move. So the key is patience, risk management. Interesting thanks. Hang Seng currently up 360 points.. Just looking at the Dax. Looks like a reversal in play . I am looking at selling 7,424 to 7,450 and stop 7,482.85 zone, maybe just 7,300 ,. Yes Dax seems to have peaked at the moment. Picked up 34 pips over 5/6th July going Long but am out of the market waiting. I have a natural aversion to Shorting so will sit and await direction. Leave the market and stay away live to fight another day... gambling won'tget you anywhere, must understand why you are in the trade, Risk Reward and momentum Am short EU @ 4306 stop 4378 T1 4200 T2 4137 Edited July 7, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 Chivas, Thanks for offering some input here. much appreciated. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 would have preferred a close below 4290 EU Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 EU and eg update. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 (edited) EURUSD, weekly. Perhaps Badge may offfer some trades for us , He seems well informed, a trade for usPLEASE BADGE? Probably die waiting. Since Badgeb was the person to pull myself into discredit on my FREE signals, You don't need to worry , my free signals end soon enough... Edited July 7, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Paulo1 Posted July 7, 2011 Author Share Posted July 7, 2011 (edited) Waitin g for the Super Legend Badge....lol To Badge, So what do you think about my trades??? Perhaps you can copy/paste something???? And don't go on about time Zone. Every trade sent is live, can prove everytrade. Apart from copy/paste , what can you prove from yourself??? Win/Loss or should that be LaSS. i KNOW WHAT YOU ARE TINKING, COULD B TRUE.. lol Edited July 7, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Chivas Posted July 7, 2011 Share Posted July 7, 2011 Chivas, Thanks for offering some input here. much appreciated. Paulo1 Am out of the market watching the Dax move even higher at over 7500 as I post !! As before I'm adverse to shorting by nature but can you see a reversal still ?? Of course the week has been totally free from "Bad news" apart from Portugals status being reduced to Junk but that didn't touch the sides ?? What's your views ?? Am tempted to short like never before !! Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 (edited) Hi Chivas, DAX, . I am looking at the it from a longterm monthly chart. The 8000 zone is huge. Since march 2000 its hit the 8000 level 7 times, and resulting is a big trend reversal. monthly and weekly still looking bullish, however the daily is showing signs of a reversal, The last 4 daily candles are not strong bull candles. The 4hr is also showing a reversal .If i was to enter a trade I would be waiting for this 4hr candle close,.any close below 7,480 would serve as a signal to sell. EU trade from last night entry 1.4306 profit was taken at 4226 , stop was then move to 4282 and was stopped out total pips for that trade = 78 on first position and 20 on second EG was stopped also, well in the money. Edited July 8, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 Sold EU at 4320 stop 4370 t1 4200, and 4130 Sell EY at 116.35 stop 116.79 t1 115.93 t2 115.70 and i write this is just falling to 116.23 All trades be short term and i will be trading NFP Link to comment Share on other sites More sharing options...
Chivas Posted July 8, 2011 Share Posted July 8, 2011 (edited) Hi Chivas, DAX, . I am looking at the it from a longterm monthly chart. The 8000 zone is huge. Since march 2000 its hit the 8000 level 7 times, and resulting is a big trend reversal. monthly and weekly still looking bullish, however the daily is showing signs of a reversal, The last 4 daily candles are not strong bull candles. The 4hr is also showing a reversal .If i was to enter a trade I would be waiting for this 4hr candle close,.any close below 7,480 would serve as a signal to sell. EU trade from last night entry 1.4306 profit was taken at 4226 , stop was then move to 4282 and was stopped out total pips for that trade = 78 on first position and 20 on second EG was stopped also, well in the money. Have shorted but only a small position at 7492. Am happy to hold over the weekend (not something I do when long) and see where it goes. Am level as I type. Stop is at 7542. Edited July 8, 2011 by Chivas Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 Hi Chivas, DAX, . I am looking at the it from a longterm monthly chart. The 8000 zone is huge. Since march 2000 its hit the 8000 level 7 times, and resulting is a big trend reversal. monthly and weekly still looking bullish, however the daily is showing signs of a reversal, The last 4 daily candles are not strong bull candles. The 4hr is also showing a reversal .If i was to enter a trade I would be waiting for this 4hr candle close,.any close below 7,480 would serve as a signal to sell. EU trade from last night entry 1.4306 profit was taken at 4226 , stop was then move to 4282 and was stopped out total pips for that trade = 78 on first position and 20 on second EG was stopped also, well in the money. Have shorted but only a small position at 7492. Am happy to hold over the weekend (not something I do when long) and see where it goes. Am level as I type. Stop is at 7542. Not a bad entry. if the low 7491 is taken out could be a good trade on here., 7421 be a big zone also. your stop could be a bit smaller. I would have 7517 zone just above that hammer high. Just broke that 7491. I have always found a 1hr closing below a given number seems to hold pretty good. I won't say good luck because its all skill. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 (edited) EY, The pic is 1hr signal. This is text book. i can add all sorts of trendlines, s/r, indicators.. Have posted this so some of you may understand price action and the importance of candle sticks. And not confusing your charts with to much info. The other thing i am trading short term and thats why you don't see stops and targets on the chart. Even though i do post them for others. Just close 1 position at 115.889, stop can be moved to 116.26 and just closed 1 EU position at 4254, stop to entry Any question are welcome. Edited July 8, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 GY. high % trade in the making. Looking good there Chivas on the Dax trade Link to comment Share on other sites More sharing options...
Chivas Posted July 8, 2011 Share Posted July 8, 2011 (edited) Out at 7470 for a 22 pip profit at £10 a point. Was right at low point as well.Am off for a few beers !! Dax still looking incredibly strong though so that's it for the week !! Edited July 8, 2011 by Chivas Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 The pic of the GY is interesting in the that when you see a trade like the EY take off, its always good practice to have a look at other currencies with a similar cross, such as: GY, UY, CadY, AY etc, In doing that you may get a good entry on a pair that has not moved yet. Worth being aware off. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 Out at 7470 for a 22 pip profit at £10 a point. Was right at low point as well.Am off for a few beers !! Dax still looking incredibly strong though so that's it for the week !! Great work, Good to have another trader trading . Enjoy your beer and have a great weekend. Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 (edited) Just closed EY and EU at market. Edited July 8, 2011 by Paulo1 Link to comment Share on other sites More sharing options...
Paulo1 Posted July 8, 2011 Author Share Posted July 8, 2011 EMini desktop config, by John person. John has been a mentor of mine for several yrs. I can recommend John to anyone wishing to learn how to trade. Its no bulshit, real tools for real traders. Link to comment Share on other sites More sharing options...
Chivas Posted July 8, 2011 Share Posted July 8, 2011 Watch the US rolling daily. Prediction for jobs created expected to be higher than market expectations. Release news at 1330 BST an hour before official Wall St opening. Am tempted !! Link to comment Share on other sites More sharing options...
SoloFlyer Posted July 8, 2011 Share Posted July 8, 2011 How many pips for the week? Link to comment Share on other sites More sharing options...
Chivas Posted July 8, 2011 Share Posted July 8, 2011 How many pips for the week? Am sure you're asking Paulo1 but in my case 83, all at £10. All via Indicies. Link to comment Share on other sites More sharing options...
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