View Poll Results: What's your general trade bias for Q4?

Voters
1. This poll is closed
  • I am Bullish on the USD

    1 100.00%
  • I am Bearish on the USD

    0 0%
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Results 121 to 128 of 453
  1. #121

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Lightbulb Dollar Yen...Technical Outlook

    the Elliott channel in the 4 hour chart below says it all...

    Usd/Jpy - 4H Chart
    Name:  UsdJpy.4H.jpg
Views: 45
Size:  101.4 KB
    preferred Strategy: wait for corrective decline to Buy on a pullback
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  2. #122

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Smile faith, hope & low interest rates...

    "faith, hope & low interest rates... these are apparently the ingredients that are keeping the Equity Markets in a continuous upward advance"

    While Position traders are standing aside waiting to short risks higher, short term speculators are ignoring the Fundamentals & are aggressively & complacently bullish on risks. How long & how far will this stimulated markets rally? or is this the beginning of a completely new trend? Well that is why we have Technical & Fundamental Analysis...

    Expect some consolidation, ranging & aimless drifting across the board from now till March 9th.
    Heavy Event Risks leading up to that day. From now till then I will be looking through...
    Aud/Usd, Eur/Gbp, Eur/Usd, Eur/Chf, Eur/Jpy, Gbp/Usd & Usd/Jpy for actionable trade set-ups.

    Currently I am only involved in Eur/Chf long & may look to scale in to this long-term position as we approach the level that I mentioned in my post here on Feb.24th
    Last edited by raygunaraj; February 25th, 2012 at 05:36 PM.
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  3. #123

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Thumbs up Eur/Chf Position Update...

    Quote Originally Posted by raygunaraj View Post
    Implications are for another push lower towards 1.2040/1.2035 which would complete the (ABC) wave 2 decline from Feb 8th high. From there, look for 3rd Impulse to propel the Eur/Chf up.the levels mentioned above could be a good zone to add longs.look for confirmation with a bounce of RSI from the 40 mark.
    ...as mentioned above, just added another lot. am gradually building into this very long term position. the upside potential is huge for this pair.

    Eur/Chf - 4H
    Name:  EurChf.4H.jpg
Views: 47
Size:  102.1 KB
    Last edited by raygunaraj; February 27th, 2012 at 12:26 PM.
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  4. #124

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Lightbulb Correction Underway...Usd/Jpy

    Quote Originally Posted by raygunaraj View Post
    the Elliott channel in the 4 hour chart below says it all...

    Usd/Jpy - 4H Chart
    Name:  UsdJpy.4H.jpg
Views: 45
Size:  101.4 KB
    preferred Strategy: wait for corrective decline to Buy on a pullback
    as expected the 5th wave in the 4H chart landed more or less where I believed it would...as long as price action stays below 81.66, we are in a correction downwards...a break of 4H Channel Support shown above as per my post on Feb.24th & a dip of 4H RSI below 50 would confirm that ABC correction could be in progress.
    Last edited by raygunaraj; February 28th, 2012 at 12:37 AM.
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  5. #125

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Thumbs up Fundamental Analysis...EuroSwiss

    Will SNB’s Jordan Update Monetary Policy at His Upcoming Speech tonight? (1.30am Singapore Time) I am sure he will say something...

    Currently the Swissie is just following its counterpart as there is nothing to drive it. What SNB's Jordan says in his upcoming speech could be a catalyst for the Eur/Chf. Any mention about buying euros before the pair hits 1.20 or any form of capital control to curb the Swissie's strength could see the pair rising... On the other hand if he just repeats the same threats as what the SNB has been saying since the establishment of the 1.20 floor, the pair could aim for 1.20 to test the SNB's commitment.

    whatever the case... be prepared for some action.
    Eur/Chf 4H
    Name:  EurChf.4H.jpg
Views: 40
Size:  97.1 KB
    take note of the 4H RSI bullish divergence.
    Last edited by raygunaraj; February 28th, 2012 at 04:07 PM.
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  6. #126

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Lightbulb Standing by for Aussie Train...

    Technical Update: Aud/Usd final wave up in progress
    Name:  Aussie.Daily.jpg
Views: 41
Size:  107.8 KB
    61% of retail traders are short the Aud/Usd... Daily RSI is above 60. Momentum alone is enough to carry the Aussie towards July 2011 high. I expect the Aussie to face strong resistance between 1.1235 - 1.1245... where the larger ABC correction would probably begin. (refer to chart).
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  7. #127

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Exclamation Flat...for now

    Expect some consolidation, ranging & aimless drifting across the board from now till March 9th.
    Heavy Event Risks leading up to that day.


    Best to stay on the sidelines till then, if not already in any positions. Am currently fully committed to Eur/Chf long. I will be watching Aussie, Euro & Sterling closely. My preferred strategy is to wait for the levels to play out.

    Position Trade Set-Ups (my mid to long term plan)
    Aussie - Buy lower after ABC correction (probably mid year)
    Euro - Sell higher close to 1.40 / 1.43 (if it gets there)
    Sterling - still trying to figure it out (wonder if the Olympics would have any effect on the currency???)

    Any thoughts on my plan anyone ?
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


  8. #128

    Trader Type
    Position Trader
    Experience
    0-5 yrs
    System Type
    Manual
    Preferred TF
    1-Day
    Favorite Pair
    AUD/USD
    Location
    Singapore
    Join Date
    Sep 2010
    Posts
    500
    Thanks
    9
    Thanked 18 Times in 17 Posts
    Blog Entries
    6

    Thumbs up Wow...EuroSwiss !!

    the markets were boring last night so went to bed early but woke up this morning & saw that big move in Eur/Chf... i wrote in February that... Implications are for another push lower towards 1.2040/1.2035 which would complete the (ABC) wave 2 decline from Feb 8th high. From there, look for 3rd Impulse to propel the Eur/Chf up. ...this played out beautifully as expected.

    the Techs in the 4H chart looks beautiful.
    look at that channel from the bottom (RSI trying to break above 60) bollinger bands are moving away in the opposite direction. all signs of an impending breakout. today being a Friday, can this rally last? short term Resistance comes in around 1.2070 - 1.2075, Support @ 1.2060 - 1.2050.​ Price is respecting that 4H channel from the bottom. will see what happens into Europe open & update techs later.

    Eur/Chf 4H
    Name:  euroswiss.4H.jpg
Views: 36
Size:  101.1 KB
    rayG
    plan your trade & trade your plan
    Remember trading opportunities are infinite, trading capital is not


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