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Posted

Hi Paulo1,

May I ask if you calculated "confluence support zones" by Joe Dinapoli's D-level formula?

i just use previous s/r zones on different periods and pivots.

Gold buy zone pending price action at that zone is 1560, I expect a bounce from here. if thats breached look to 1450 to 1500

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Posted

Hi Paulo1,

May I ask if you calculated "confluence support zones" by Joe Dinapoli's D-level formula?

i just use previous s/r zones on different periods and pivots.

Gold buy zone pending price action at that zone is 1560, I expect a bounce from here. if thats breached look to 1450 to 1500

Posted A minute ago

Gold (spot) is testing support al target of $1600 , Candle tail low (1532.72)indicates buying support, failure look to $1500. The primary trend up and, gold is experiencing a strong correction , however the trend is up and long positions should be sort. Maximum low I suspect around 1488. Not saying it will go there, just looking at the technicals.

Posted (edited)

Due to fishing, golf, world cup rugby, and travelling i am unwilling to post live trades at present. However if someone wants some unbiased info on trading feel free to pm me.

Can not believe those poms wearing black.

Edited by Paulo1
Posted

Due to fishing, golf, world cup rugby, and travelling i am unwilling to post live trades at present. However if someone wants some unbiased info on trading feel free to pm me.

Can not believe those poms wearing black.

Yep we have no shame.....

Posted

I do not trade metals paper equivalent but....

Watching I cannot help but think another break below $29.75 for silver

would possibly be a nice short for some.

Perhaps opening the door for a fast retest of the Sept 26 lows.

As always interesting to watch.

Posted

Due to fishing, golf, world cup rugby, and travelling i am unwilling to post live trades at present. However if someone wants some unbiased info on trading feel free to pm me.

Can not believe those poms wearing black.

Yep we have no shame.....

LOL.

Watching USD gain strength . Am short multiple pairs, meaning i am long the USD as i have been for about two weeks now.

Gold/Silver. Watching recent highs with the opinion of selling. Gold 1500 support is key and if broken 1100/1200.

Posted

So Paulo, are you of the opinion that the EUR:USD has broken weekly support?

post-25601-0-04303700-1317480953_thumb.p

Yes.

Weekly support is now 1.3267 daily is 3310. weekly resistance 1.3487 daily resistance 3455. If move to this area be a possible place to short.

I am already holding a number of sells on this. Watch the 1.2879 zone.

Posted

I tend to believe that the drop in precious metals has more to do with manipulation at the COMEX than any "market forces". As such its somewhat foolhardy to invest in a game thats rigged... then again given an adequate appetite for risk, then profits are there for the taking.

I tend to buy physical because I don't trust the paper market for metals

also just for measure I find that its a race to the bottom in the currencies with the USD being the sweet spot at present, but its only a question of time before it shifts back over to the euro.

Posted

Cable daily buy setup.

Buy zone 1.5440 down to 5340 stop 5289, could be a bit higher.

Targets 5581, 5700, and 5789.

Be aware NFP this week and being a daily signal could take 3 days to produce, Time stop about 4days.

post-49444-0-60421900-1317794001_thumb.g

Posted

Looks like we got the weekly gap fill which should shore up markets for a bounce:

post-135551-0-47298700-1317745108_thumb.

Another weekly gap at 87ish

So true, Nice spot.

Posted (edited)

Buy limit NZDUSD @ 7612 stop 7490 targets 7750 and 7800

4 hr signal.

Watching USDCAD to sell near 1.05616 stop 1.0666, target 1.0421 and 1.0378 , this is just an alert, i could entry without posting.

Edited by Paulo1
Posted (edited)

US household apllicances.

So in looking at what sepparated the rich from the poor is the Jacuzzi..lol

Attached.

post-49444-0-68534200-1317809815_thumb.p

Edited by Paulo1
Posted

Buy limit NZDUSD @ 7612 stop 7490 targets 7750 and 7800

4 hr signal.

Watching USDCAD to sell near 1.05616 stop 1.0666, target 1.0421 and 1.0378 , this is just an alert, i could entry without posting.

USDCAD entry was 1.0519 , stop 1.0573 target 1 hit at 1.04090, plus 100 pips @ $20 per pip.

Kiwi trade is up 40 pips on 2 positions.

EURAUD Sell Limit at 1.3885 stop 3987 targets 3704, 3578

Posted (edited)

Cable daily buy setup.

Buy zone 1.5440 down to 5340 stop 5289, could be a bit higher.

Targets 5581, 5700, and 5789.

Be aware NFP this week and being a daily signal could take 3 days to produce, Time stop about 4days.

Looking at Stirling crosses, gbpaud, gbpcad, I have decided to take some pips of the table on the cable trade above and have tightened my stop to 1.5446.

GPBAUD sell zone 1.6081 , watching 1.6000 area is cuurent bid.

GBPCAD sell zone current daily open 1.6091 looking to sell 6159 area, maybe we won't see that,. Keep an eye on these as i will entry a sell at some point .perhaps 6161 zone, thats perferred for risk management.

Edited by Paulo1
Posted (edited)

Buy limit NZDUSD @ 7612 stop 7490 targets 7750 and 7800

4 hr signal.

Watching USDCAD to sell near 1.05616 stop 1.0666, target 1.0421 and 1.0378 , this is just an alert, i could entry without posting.

Update on the Kiwi trade.

Current bid 7657 , daily high 7673 , low 7624, support 7634 , intradat resistance 7660. There is a confluence of resistance higher at 7720 zone. Weekly Pivot and daily R1. And 7694 is dymanic resistance.

Yesterdays high was 7681.

All stops are now at 7630, NZDUSD

Trade strategy, If the daily high is taken out, look to sell some at 7694 and target 7720 area, if this happens on your remaining position move stop to 7630 area. The trend is down and this is a counter trend trade.

Gold is in a good zone to trade from, keep an eye on it.

I have entered two positions on GBPAUD at 1.5977 and GBPCAD is trading near monthly pivot at 1.6048 present, weekly support 1.6042.

Edited by Paulo1
Posted

Something different.

"When you are able to contain both the light and dark together, that is a very enlightening state.

It means that you no longer have to choose one experience over another.

You do not have to choose love OR hate, blame OR forgiveness, sadness OR joy, anger OR openheartedness.

You are no longer polarized; no particular feeling boxes you in and keeps you from the light of true self.

You then have access to the full range of human experiences you came into this life to embrace." ~Martia Nelson

Posted

Buy limit NZDUSD @ 7612 stop 7490 targets 7750 and 7800

4 hr signal.

Watching USDCAD to sell near 1.05616 stop 1.0666, target 1.0421 and 1.0378 , this is just an alert, i could entry without posting.

Update on the Kiwi trade.

Current bid 7657 , daily high 7673 , low 7624, support 7634 , intradat resistance 7660. There is a confluence of resistance higher at 7720 zone. Weekly Pivot and daily R1. And 7694 is dymanic resistance.

Yesterdays high was 7681.

All stops are now at 7630, NZDUSD

Trade strategy, If the daily high is taken out, look to sell some at 7694 and target 7720 area, if this happens on your remaining position move stop to 7630 area. The trend is down and this is a counter trend trade.

Gold is in a good zone to trade from, keep an eye on it.

I have entered two positions on GBPAUD at 1.5977 and GBPCAD is trading near monthly pivot at 1.6048 present, weekly support 1.6042.

7720 has been hit.

Have entered Cable after being stopped in profit , entry was 1,5420 and entry on EURUSD long was 1.3320.

all trades posted are in good profit.

Posted (edited)

Cable trade has broken lower. 190 pip spike.Wow, thats such a big zone to break. recent long trade posted ????????????? until we see weekly close. atleast we hav an alert zone

sell with 1.4400 target

Edited by Paulo1
Posted

Like many currencies.

Wow , he was close .....

I have watched it about twenty times.

Thanks for the link you posted earlier also.

Posted

USDCAD entry was 1.0519 , stop 1.0573 target 1 hit at 1.04090, plus 100 pips @ $20 per pip.

Am looking to add to this position sell limit around 1.0426 Sell Stop 1.0347 ish.

USDSGD is worth watching also.

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