shadowninja
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bbmac
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Cable finding resistance this London/European morning at that 38.2% fib of the 0618-0404 move. 0404 being the asian lo the range extending to an overnight high at 0455.
Support now in this 0350-70 bid zone, 0354 being the Wkly S3 pivot.
To the upside now: 0404 asian low, 0414 is 23.6% of that 0618-0354 move now, 0416 y/day's lo 0428 a prev hrly swing lo, wit 0404-0445 being the last 15min potential sbr zone.
0453 is the 38.2% of said move with 0467 being 23.6% of longer 0844-0354 move. 0485 now becomes the 50% of the former move 0618-0354, 0518 being 61.8 and 0541 being the 38.2 of 0844-0354 and 23.6 of the total drop 1162-0354. 0502 and 0522 are prev hrly swing lows in that mix, 0503 being yesterday's U.s session hi..
Latest MNI update talking of minor offers now around 0420... then offers 0450-85, bids 0350/70 ahead of 0335/25.
Keeping up? excellent!!....0550 area is the underside of the breeched daily supp T/line (hit and held 3 times as support t/line.)
To the downside: Bids to 0350 still likely, with MNi highlighting area of 0335/15 as key tech support, highlighted too by Mig. 0326 being a supp t/line from 17/8.
G/L
Support now in this 0350-70 bid zone, 0354 being the Wkly S3 pivot.
To the upside now: 0404 asian low, 0414 is 23.6% of that 0618-0354 move now, 0416 y/day's lo 0428 a prev hrly swing lo, wit 0404-0445 being the last 15min potential sbr zone.
0453 is the 38.2% of said move with 0467 being 23.6% of longer 0844-0354 move. 0485 now becomes the 50% of the former move 0618-0354, 0518 being 61.8 and 0541 being the 38.2 of 0844-0354 and 23.6 of the total drop 1162-0354. 0502 and 0522 are prev hrly swing lows in that mix, 0503 being yesterday's U.s session hi..
Latest MNI update talking of minor offers now around 0420... then offers 0450-85, bids 0350/70 ahead of 0335/25.
Keeping up? excellent!!....0550 area is the underside of the breeched daily supp T/line (hit and held 3 times as support t/line.)
To the downside: Bids to 0350 still likely, with MNi highlighting area of 0335/15 as key tech support, highlighted too by Mig. 0326 being a supp t/line from 17/8.
G/L
bbmac
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BTW: re above ....the move from this mornings highs to lows 0485-0354,...the 61.8% is at 0432 and the 76.4 coinciding with an above mentioned area at the 0451-52 point.
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This weeks range so far a great 518pips Hi-lo well above the 5, 10 and 20 week averages of 302, 305, 308 respectively and last week's 362.
Today's hi-lo range so far 131, y/day 201, 5 10 and 20 day averages coming in at 239,188and 164 respectively.
Month so far 686 hi-lo again well above 5 10 and 20 mth averages of 611,553 and 595, and October's 577.
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This weeks range so far a great 518pips Hi-lo well above the 5, 10 and 20 week averages of 302, 305, 308 respectively and last week's 362.
Today's hi-lo range so far 131, y/day 201, 5 10 and 20 day averages coming in at 239,188and 164 respectively.
Month so far 686 hi-lo again well above 5 10 and 20 mth averages of 611,553 and 595, and October's 577.
trendie
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good going Mr Black. not bad for a weeks work, and thanks for posting your trades real-time. much kudos for that.
who's your hairdresser? and does fibonelli share the same one? 😆 😆
EDIT: my ducks have been misbehaving this morning, so am out - no FX trading this afternoon; might see how the SPX goes for a small trade, or maybe just finish for the week.
have a good weekend, and would be worth thinking up some topics for next week, as without bbmac and Mr Black, this thread is a bit of a morgue.
bbmac
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Smart recovery off the lows now.
Remember that this 0242-0494 area is that awful 4hr/dLy congestion area that characherrised a good part of last mointh before the break higher, and looking deeper 0228 is 61.8% of 9651-1162, 0190 being 23.6% of 7047-1162 and 0171 being 38.2% of the yearly lo-hi 9183-1162.
Remember that this 0242-0494 area is that awful 4hr/dLy congestion area that characherrised a good part of last mointh before the break higher, and looking deeper 0228 is 61.8% of 9651-1162, 0190 being 23.6% of 7047-1162 and 0171 being 38.2% of the yearly lo-hi 9183-1162.
FXSCALPER2
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Hello guys,
Watch that TICS figure today. The latest fad is what foreigners are doing in terms of diversification and so on. A good number can help the dollar a lot simply because everyone is sure the rich guys around the world are going to get out of dollars big time. If it is shown they are buying into the US (euphemism for lending the fools even more money), there can be some nice dollar longs to be had. These small rallies in the EUR and GBP can be converted into some nice profits for shorts in those currencies.
If, on the other hand, the numbers are way below expectations, barring any credit crunch b'ollocks this afternoon, the EURUSD may be heading for 1.5. All the best.
Watch that TICS figure today. The latest fad is what foreigners are doing in terms of diversification and so on. A good number can help the dollar a lot simply because everyone is sure the rich guys around the world are going to get out of dollars big time. If it is shown they are buying into the US (euphemism for lending the fools even more money), there can be some nice dollar longs to be had. These small rallies in the EUR and GBP can be converted into some nice profits for shorts in those currencies.
If, on the other hand, the numbers are way below expectations, barring any credit crunch b'ollocks this afternoon, the EURUSD may be heading for 1.5. All the best.
shadowninja
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The 3 ducks works best when H4, H1 and M5 MAs are all moving in the same direction (up or down). On EUR/USD, H1 is kinda going horizontal while H4 is heading upwards.
bbmac
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0480/85 caps for now in cable the daily high at 0482 coinciding with that 50% of the 0618-0354 move at around 0484. 0485 is the last 1hr lower swing high in the downmove too, 0502-07 being the last definable lower swing low in the down move on the 4hr. (0502-0618 the last potential SBR zone on that t/f.)
forecasts seem quite robust re TICS, ......we'll see. Further data at 1415pm gmt.
forecasts seem quite robust re TICS, ......we'll see. Further data at 1415pm gmt.
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2be
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I have got a pivot point @ 2.0481 and a few shorts from there were profitable, nothing large just 10 to 15 pps, the 15min chart does indicate a slowdown, but if this pivot is crossed from the downside, there might be a reasonable move north.
bbmac
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That 0500-0510 heralded as holding offers by mni being a previous hourly swing lo and hi and a 4hr swing lo, and area of thursday's U.s Hi.
As a high probability market entry it doesn't get much better, with clear identifiable reasons for resistance, oscillator extremes/divergence, band deviation and price action confirm with other channel breech supporting factors , stochastics being in extreme o/b 90+ readings to 30min up there too. Confluence, confluence and more confluence.
Great set-up there shown in the screencap (just showing off some new screencap and edit software, ( lol) 0476-0439 becomes the last 5/15min potential RBS zone (5min congestion) in the uptrend.
As a high probability market entry it doesn't get much better, with clear identifiable reasons for resistance, oscillator extremes/divergence, band deviation and price action confirm with other channel breech supporting factors , stochastics being in extreme o/b 90+ readings to 30min up there too. Confluence, confluence and more confluence.
Great set-up there shown in the screencap (just showing off some new screencap and edit software, ( lol) 0476-0439 becomes the last 5/15min potential RBS zone (5min congestion) in the uptrend.
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2be
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hi bbmac, it was a great set up, well illustrated by your posting
combotrader
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cable
Guys
The daily Osma in cable has reached extreme overbought areas. It has also made a bullish candel tonight so far. Given the volatility to be expected now ( long term uptrend over/ short term downtrend almost over) expect it to get to 2.2 and then start to swing back up.
I lost this week -70 - but going long term and having a risk of 100pips had alot to do with that.
Have a good weekend all.
CT
Guys
The daily Osma in cable has reached extreme overbought areas. It has also made a bullish candel tonight so far. Given the volatility to be expected now ( long term uptrend over/ short term downtrend almost over) expect it to get to 2.2 and then start to swing back up.
I lost this week -70 - but going long term and having a risk of 100pips had alot to do with that.
Have a good weekend all.
CT
