Interesting, thank you magicdust, since this is someone's journal i'd stop here, with one last comment: 1.5960 ish looks very interesting to me.
best to post a chart or if possible a combination chart of the TF's side by side. CF welcomes questions and comments. I hace less time to be involved now but because Friday was an importand slow set-up I could get involved. W/e's are better for me.
Looking a little more bullish for 1.6090 I think they are selling USDCHF again 10 hours = 10 hrs from open of week EurUSD 10 Hours High 1.5901 1.5872 Low 1.5682 1.5711 10 days High 1.6063 1.5965 Low 1.5325 1.5423 usdjpy 10 days High 107.5726 106.9990 Low 103.2703 103.8440 10 Hours High 105.7375 105.5202 Low 104.1078 104.3251 GBPUSD 10 days High 2.0144 2.0055 Low 1.9477 1.9566 10 Hours High 1.9829 1.9800 Low 1.9609 1.9638 USDCHF 10 days High 1.0546 1.0470 Low 0.9974 1.0050 10 hrs High 1.0309 1.0274 Low 1.0050 1.0084 USO 10 days High 115.6985 113.3894 Low 98.3797 100.6889 ** USO heads south this week I bet
More Here USDCHF 10 days High 1.0546 1.0470 Low 0.9974 1.0050 10 hrs High 1.0309 1.0274 Low 1.0050 1.0084 =========== NZDUSD 10 day High 0.8076 0.8013 Low 0.7607 0.7670 10 Hrs High 0.7687 0.7682 Low 0.7654 0.7658 ============ USDCAD 10 days High 1.0352 1.0262 Low 0.9674 0.9765 10 hrs High 1.0222 1.0216 Low 1.0180 1.0185 ======== audusd 10 days High 0.9856 0.9808 Low 0.9502 0.9549 10 hrs High 0.9659 0.9648 Low 0.9576 0.9588
Baron and magic ,I would ,for one, be very interested in hearing more of your thought processes here...your line of analysis right now is feeling right on to me.... and I dont think it would interfere with CF's journal at the moment... I say go for it. ... theres good insight simmering here..... dont stop now...
that oil chart looks like a gold mine for analysis... the uncertain political climate ,I think deserves some attention... yoohoo's trading process remains solid no matter what happens... what am I looking to forecast and how...? will there be a euro pullback soon? or will it trend upward into 160 and beyond? Is there an abberation in this most recent oil 'rocket blast'.... that 12 year trendline of oil..... This most recent blast off...I dont see any other candlestick remotely like that...so outrageously big. in the chart yoohoo posted..... that extreme upsurge...looks like an abberation of sorts...hence ought to retrace /pullback to somewhere,at some point. ...no? in terms of the real world effect on american citizens..... this level of gas and food expense Cannot !! continue for too long without public outcry. food is reaching double what it cost last year. as is gas. home values across the country have lost 20 % value in 2 years. ... when the american standard of living is .... changed for the worse , so quickly like this..... the question is ...how long will the people stand the suffering before the government decides to stop gouging us...stealing $ from us at the gas pump....which is what theyre really doing.... to pay for the war empire.... to continue the war empire.... this is what is the purpose of it I believe.... but what I wonder is.... when the public raises enough of a scream..... then what will happen to the euro/usd...what pressures will let up...oil comes down ...(to where it really should be) ? where would that be.... and life returns to a level thats less of a crisis. the cost of living here in the US with food and gas is heading toward crisis level ...if this trend in costs continues ....I would sense.... 6 months more..... is all this being orchestraded to be timed for the election in november...some sort of chaos? purposely creating as much of a 'disaster' economy as possible....for the new (Obama...?) administration to 'deal with' .... this has been the kind of thing republican administrations have done before.....let the 'democrats' fix the mess...... let the kennedy administration deal with cuba, and deal with civil rights tensions...let the carter admin deal with the mess watergate left to clean up.... and what a mess 8 years of neo-con crazies is leaving to deal with..... they wanted guilianni to be installed, then clinton,they had to settle for McCain....who is nothing but a puppet, like bush....the real power in control will be ...Liebermann...which puts the crazies right back in the driver seat to kick off WW3. I hope this wont spoil my golf game. But before I get too carried away..... all I wanted to do here was stimulate further discussion before the week starts...about what everyone's perspective analysis is ,outlook for the coming week, and month? or at least what to expect for monday? My original thought.....was that this latest oil rush to the top....looks like an abberation (to some kind of degree)....which would suggest to me something strange to examine. Is the dollar getting stronger for real ,like it seemed last week? or is the euro going back up to 160 and beyond? My gut instinct smells a rat somewhere....like as if thre are many numbers that the U.S. government are faking... and that the real U.S. economy is in terrible condition, worse than they want the public to know. and thats why they are gouging us at the pump.... all empires, steal and plunder their citizens right before they collapse. the USA is the modern version of the unholy roman empire. Life is not really 'going along as normal' in the usa these days.... not for the last 80 years....since the great depression/1929 crash..... and especially not since jfk was removed from office. its possible the world may be witnessing the next big moment in U.S. history .... the next big nail in the coffin for the american empire....whatever than might be. the last 2 presidential elections were stolen by computer vote fraud.... it can be automatic from now on....which puts Mc Cain in office and Liebermann's finger on the button.... with the desperate and terminal us empire holding the world hostage...in order to survive into the future. gee...dont I have a vivid imagination this morning.....lol Are the centralbanks/government controllers/ manipulating the shi$%#@^ out of the whole forex game right now? so that we will have no idea what they want to happen? Does the feeling tone of the daily movement,feel to you long time experts....like something uncertain, unpredictable, in the political and cultural and world climate..... ? i.e. does this uncertain energy.... something that happens routinely , during presidential election seasons? that sort of thing. does it happen during run ups to wars (march 2003? jan 1991?).... you see my ideas? (summer 1992) summer 96) summer 2000,2004...etc Sorry if my thoughts are way off base...I'm a newbie to political forex..... not new to life,and not naiive...just new to forex analysis. eager to hear all your thoughts and insights.....
hi YH, CF.. Wow, so much discussion happened on Sunday? Good on you guys, just have a break and spend some time in China, with GF's family, but also a distance cousin of mine in a city 250km from Hong Kong (Guangzhou to be exact).. Keep on thinking about trading and even review my chart in the motel room last night. Still need faster entry, people on HSI is start to get use to channels (after the resent introduction of closing auction making HSI a bitch for some, LOL, to me it's more predictable), we hardly see a doji or invert hammer on the peak, the reversal usually slap right back down during the later part of the resent week. Still don't have a # tic based chart, so will work with line tic chart this week. Regarding PA with reference of multiple indicators on multiple TF, YH, that's a gift. I am surpise that Spy's setting works so beautifully, still not getting the kind of result I want, more work needed; after that, the next stop is candle chart signals? (on multiple TF too? start to notice that on 5min and the hourly) Just got back home after mid-night, and enjoying my early 60s chinese vaccum tubes, more homework tomorrow. For anyone watching HSI, take a break tomorrow, it's a public holiday (so stay in bed CV, ) OK, I didn't really read the last 10 pages, where were the slapping? LOL This is a tastful, constructive tread, let's hope it stays this way. Again, YH, thanks for all da input on Sunday.
Hi Will, I'm using three main timeframes now on Hang Seng: 60 min / 15 min / 3 min with CCI18 and Fullstoch 14/3/5 beneath it (using quotetracker), seems like a good combination to me. Looks like we be seeing a 123 reversal on monday, going down, on the hourly timeframe within a 123 reversal on an even bigger timeframe also going down. Could turn out to be an exiting day.
CVDS, could you elaborate on the 123 reversal you mentioned. I'm just starting to learn about the 123....dont really know how it looks exactly, can you post a forecast chart? or explain more what you mean,re. the hourly and other time frames. It would give me something good to analyze ...thanks. its ok if you dont have time to do it. I just wanted to ask. thanks. T
Hi CV, that's very very likely, actually I was hopping to see major players play that on late Friday afternoon, when the market was at the thinnest, LOL.. Tomorrow is a public holiday in Hong Kong, so it will happen on Tuesday, hopefully we don't see a major gap down and waste all the energy bubbling up over the last week. I am on HSI, 60, 5, 1min. Using CCI(18) for the first time on Friday, works well with MACD (5, 12, 6) and STC (14, 3), less distracting than CCI(14) for the same combination. 15min was great back in the old days (2006 to early 2007), not too surely about it now. CV, I am expecting a drop in margin by July or August, with the resent vola, that's my gut feeling, maybe to about 10.8k USD per car (drop by the same rate of the last change), the more the merrier