Lt Sweet Crude Dec Fut – Long only on pullbacks – Boss shows a penetration of the large up TL but the close is above it. Worker has a classic, deep hammer. Long above 76.50 BUT there are 3 SR levels above that so RR Ratio is questionable.
Nat Gas – Boss gives us a HL as the weekly close was a bull bar above last weeks spining top. Long only above the monthly 20ema at 5.45.
Gold – Monthly Bull Candle breaking old highs. 4th Boss bull trend candle after BO test 4 weeks' ago. Wary of the parabolic rise and I would imagine a pullback soon. Worker gives a hanging man candle so warning of possible lower prices in the short term. Neutral.
DowJones Sep Fut -(YMZ9) – Trend is still up. Boss gives a bear spinning top candle but still within the wedge TLs. Worker shows a hammer of sorts so long above 10380. You should take every with trend opportunity offered.
FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish candle still on the 5300 level. Worker looks twitchy with a large bear then bull candle off the 5099 SR level. Long above 5300 but only short once we have had a TL break and retest.
Cable – Boss shows a spinning top doji, still range bound so NEUTRAL unitl we have a range BO.
Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Worker gives a deep hammer so long above 143.70 as poss double bottom test and test of BO from Jan 09.
Gbpchf – Boss still in UP minor trend in larger down trend. Worker gives hammer but RR is crap to the descending TL from the double top high. Wedge pattern before still looks like a bear flag so I'm only looking to short this pair below 1.6490.
Eurusd – Boss shows a BUEB. The PA bounced right of the 76% retrace last week so this is the last major Fib level of any relevance. Worker PA bounced off the daily 50sma so long only still above the 1.5030 level.
Audusd – Monthly still in Up trend but if this week goes lower we will have a text book Shooting Star. Boss shows bear candle. Worker shows a bear close under the broken up TL. Penetrated the 50sma but not the last low of up trend. Short below 0.8898
Usdchf – Poss bottom double bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – Boss IB Bear hanging man candle PA stuck at the 1.0684 SR level so until it breaks that with a good bull close above 1.07814 Neutral.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only. Poss bottom but who knows?
Euryen – Boss still rangebound; Bear close last week. Worker gives a text book hammer off SR and Fib. Long only above 130.30, short below 126.68 SR level.
Eurgbp – Boss still bullish off the major and minor up TL's. Worker gives a shooting star off the 0.9086 SR. Excellent Low 3 set up so short below 0.9055
Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Long above the 2.1253 level as the last major H of the downtrend.
Gbpcad – Boss still in major down move but we had a deep rejection of 1.6290 level and trapped below the SR at 1.7711. Recent worker trend is up with a 2nd HL so long above 1.7711 short below 1.7350.
Nzdusd – Monthly Shooter still in play with low broken. Short below 0.7000 level. Long above 0.7156 level on worker Hammer and deep double bottom test. Should now test old trends extreme at 0.7460.
Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only but worker gives a hammer. With thr major TL broke I'm waiting for a test of the old trend extreme then short prob at 82.00 level.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week but looks like a failed Bull BO. Wait for good close above Mas before action.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a HL so long only above 1.8500
CadJpy – Boss bear close just below SR at 81.91. Broke last low of up trend but worker gives a perfect hammer, so long above 81.91 to next SR at 84.49.
NzdJpy - Monthly Shooter – Boss has 3 major TL breaks. Worker give a hammer off the 60.00 SR level but after TL breaks NEUTRAL.
29 Nov 2009
22 Nov 2009
Weekly Analysis - WE 29 Nov 09
Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss shows inverted doji again and looks like a bull flag. Still above rising TL and monthly 50sma.
Nat Gas – Weekly gap up last week but ended in a bear Spinning top. Could be a LH from the last high. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. 3rd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Sep Fut -(YMZ9) – Weak boss close as a poss channel /wedge overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish spinning top on the 5300 level. Worker gives a hammer and as Al Brooks said - “you should take every with trend entry offered.” So, long above 5315! Short below the boss 20ma and hammer base of 5215.
Cable – Boss shows a BEOB in a topping formation, short only below last low at 1.6500.
Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Short only esp if last low at 145.70 is broken.
Gbpchf – Weekly shooting star at top of bear flag and 20/50 clustered MAs. Short below 1.6750.
Eurusd – Boss shows a BEEB. Short below 1.4780 after double top on worker.
Audusd – Monthly still in Up trend. Boss shows BEOB. Worker gives a hammer and as it's off the rising TL one should take the long above .9225. If TL goes there will be test of the break so wait for that test before short.
Usdchf – Poss bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – Boss IB (bull). If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only.
Euryen – Boss still rangebound; Bear close last week. On good SR level so if 131.70 goes – short only.
Eurgbp – Boss bullish close but still within the hanging man from previous week. Still above major UP TL so long only as market tested the recent BO high of the last minor down move last week and bounced off it.
Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Boss gives a BUOB and close above both worker MAs. Long.
Gbpcad – Boss IB. Worker Shooting Star in control still so short below 1.7586.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short. Boss shows a BEOB and LH. She's coming back to Earth troops! Short only.
Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week. Wait for IB break.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a bull IB (bodies).
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker TL broken and tested. Short only
Nat Gas – Weekly gap up last week but ended in a bear Spinning top. Could be a LH from the last high. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. 3rd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Sep Fut -(YMZ9) – Weak boss close as a poss channel /wedge overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish spinning top on the 5300 level. Worker gives a hammer and as Al Brooks said - “you should take every with trend entry offered.” So, long above 5315! Short below the boss 20ma and hammer base of 5215.
Cable – Boss shows a BEOB in a topping formation, short only below last low at 1.6500.
Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Short only esp if last low at 145.70 is broken.
Gbpchf – Weekly shooting star at top of bear flag and 20/50 clustered MAs. Short below 1.6750.
Eurusd – Boss shows a BEEB. Short below 1.4780 after double top on worker.
Audusd – Monthly still in Up trend. Boss shows BEOB. Worker gives a hammer and as it's off the rising TL one should take the long above .9225. If TL goes there will be test of the break so wait for that test before short.
Usdchf – Poss bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – Boss IB (bull). If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only.
Euryen – Boss still rangebound; Bear close last week. On good SR level so if 131.70 goes – short only.
Eurgbp – Boss bullish close but still within the hanging man from previous week. Still above major UP TL so long only as market tested the recent BO high of the last minor down move last week and bounced off it.
Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Boss gives a BUOB and close above both worker MAs. Long.
Gbpcad – Boss IB. Worker Shooting Star in control still so short below 1.7586.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short. Boss shows a BEOB and LH. She's coming back to Earth troops! Short only.
Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week. Wait for IB break.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a bull IB (bodies).
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker TL broken and tested. Short only
16 Nov 2009
Nat Gas setting up long?
This could be an excellent pairs trade with Oil - Long Gas, short Oil to close the divergence of price.
15 Nov 2009
Weekly Analysis - WE 22 Nov 09
Lt Sweet Crude Dec Fut – Long only on pullbacks – Boss shows inverted hammeragain, Closed above Mas and NO TL break yet so still long only.
Nat Gas – 4th Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached on strong momentum so expecting a higher low test. Wait for HL to establish before going Long.
Gold (Spot)– Monthly Bull Candle breaking old highs. 2nd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Dec Fut -(YMZ9) – Monthly Doji high broken. Boss bull trend after the down TL break. After such a strong TL break there will be a retest of the BO poss back to 8944 level. Too bid for me; Worker shows a steep rising wedge with a pattern overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss trying a 2nd BO of the 5300 level. Poss double top here with worker showing 3 dojis. If the 5300 level is rejected expect a test of the last BO level back at 4477. Too bid for me, so wait for trend change and poss short.
Cable – Boss shows a perfect doji and poss LH from the Shooting Star high some weeks back. 1.6750 level seems key so if it's rejected, short only below last low at 1.6500.
Gbpyen. - Boss still in minor Barbwire but still above the TL from the lows. Long above 153.90 and short below 145.00. Worker in pennant shape, so expect an explosive move when she goes but side with short to main TL after Dbl Top.
Gbpchf – Weekly Hang Man candle below the Mas on boss that are on top of one another. PA stuck underneath them and last UP TL so short only on pullbacks on the worker. Worker shows Shooting Star on Fri so short below 1.6832.
Eurusd – Boss shows a weak shooting star and LH after the BEEB 2 weeks ago. Still above steep TL so until that is broken its long only. Careful of poss LH Dbl top – if the test of the BO level at 1.4800 goes then get short.
Audusd – Monthly still in Up trend. Worker shows poss HH double top. Still above the TL though so until that breaks it's long only.
Usdchf – Boss give a hammer 2nd low poss dbl bottom. Still in major down trend so until the last high of that trend at 1.0350 goes it's short on pullbacks.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss shows a bear candle but worker gives poss HL with a BUOB. This looks like a test of the major down trend break with a HL. PA is above the down trend line so the hammer is still the controlling candle – long above candle high at 1.110.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker shows a BEEB on Fri so short below that at 89.45.
Euryen – Boss still rangebound; Poss weak S Star last week. Line chart above the TL from lows still, so long only above 135.40.
Eurgbp – Hang' Man last week. Worker is rangebound and stuck sideways. Unsure so Neutral.
Eurnzd – Boss gapped lower last week but still above the low of the BUEB previously. Major down TL broken so could be a test of that BO. Wait for a HL before any longs. Neutral.
Gbpcad – Boss LH with BEEB last week from previous Hang' Man candle. Back below the SR at 1.771 so short only with trend.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Up trend still intact so long only above the last high at 85.00. Worker looking weak though with various dojis. Wait for a test of the last BO from the 82.00 level before anything.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a poss HL IB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker shows poss test of underside of the up TL. Short only below 62.88.
Nat Gas – 4th Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached on strong momentum so expecting a higher low test. Wait for HL to establish before going Long.
Gold (Spot)– Monthly Bull Candle breaking old highs. 2nd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Dec Fut -(YMZ9) – Monthly Doji high broken. Boss bull trend after the down TL break. After such a strong TL break there will be a retest of the BO poss back to 8944 level. Too bid for me; Worker shows a steep rising wedge with a pattern overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss trying a 2nd BO of the 5300 level. Poss double top here with worker showing 3 dojis. If the 5300 level is rejected expect a test of the last BO level back at 4477. Too bid for me, so wait for trend change and poss short.
Cable – Boss shows a perfect doji and poss LH from the Shooting Star high some weeks back. 1.6750 level seems key so if it's rejected, short only below last low at 1.6500.
Gbpyen. - Boss still in minor Barbwire but still above the TL from the lows. Long above 153.90 and short below 145.00. Worker in pennant shape, so expect an explosive move when she goes but side with short to main TL after Dbl Top.
Gbpchf – Weekly Hang Man candle below the Mas on boss that are on top of one another. PA stuck underneath them and last UP TL so short only on pullbacks on the worker. Worker shows Shooting Star on Fri so short below 1.6832.
Eurusd – Boss shows a weak shooting star and LH after the BEEB 2 weeks ago. Still above steep TL so until that is broken its long only. Careful of poss LH Dbl top – if the test of the BO level at 1.4800 goes then get short.
Audusd – Monthly still in Up trend. Worker shows poss HH double top. Still above the TL though so until that breaks it's long only.
Usdchf – Boss give a hammer 2nd low poss dbl bottom. Still in major down trend so until the last high of that trend at 1.0350 goes it's short on pullbacks.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss shows a bear candle but worker gives poss HL with a BUOB. This looks like a test of the major down trend break with a HL. PA is above the down trend line so the hammer is still the controlling candle – long above candle high at 1.110.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker shows a BEEB on Fri so short below that at 89.45.
Euryen – Boss still rangebound; Poss weak S Star last week. Line chart above the TL from lows still, so long only above 135.40.
Eurgbp – Hang' Man last week. Worker is rangebound and stuck sideways. Unsure so Neutral.
Eurnzd – Boss gapped lower last week but still above the low of the BUEB previously. Major down TL broken so could be a test of that BO. Wait for a HL before any longs. Neutral.
Gbpcad – Boss LH with BEEB last week from previous Hang' Man candle. Back below the SR at 1.771 so short only with trend.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Up trend still intact so long only above the last high at 85.00. Worker looking weak though with various dojis. Wait for a test of the last BO from the 82.00 level before anything.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a poss HL IB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker shows poss test of underside of the up TL. Short only below 62.88.
11 Nov 2009
USDCHF - Poss action??
Like Dr Joe said, it keeps going down till it starts going up. Still going down here but with usdcad having a monthly hammer things could start to turn for the $
7 Nov 2009
Weekly Analysis 7 Nov 09
Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss shows inverted hammer. Closed above Mas and NO TL break yet so still long only.
Nat Gas – 3rd Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached so expecting a higher low test. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. Boss bull trend candle after BO test last week. Long Only.
DowJones Sep Fut -(YMZ9) – Monthly Doji high still in control. Boss bull trend bar but not above highs from previous weeks. Major tussle at meeting of a bull/bear TL. Wait for resolution but with no TL break it's still long only until that happens.
FTSE Fut (FFIZ9)– Boss IB candle body that rinsed shorts last week by taking out BEEB low by a few pips then reversing. Short below the 4910 level as we have had 2 TL breaks with the first followed by a HH test.
Cable – Monthly BUEB. Boss S/Star 3 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless high of shooter and monthly 20ema is breached.
Gbpyen. - Boss bull candle but still below major descending TL after a dbl top. Short only on pullbacks. Note close correlation with indices.
Gbpchf – As above – Boss seems to be in a bear flag. Still below the boss 20/50 Mas. Expect a LL/HL test of the bottom back in Oct 13
Eurusd – Boss IB (body). No TL breaks of note so still long only. Caution though as could be forming a RHS of a H&S pattern.
Audusd – Monthly still in Up trend. No TL breaks so still long only.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. 1.0258 level is a major level and have a bear IB (body). Still in downtrend so short below break of boss IB.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still gave a bear hanging man. Unless last high of down move is taken out at 1.100 level it's still short on pullbacks.
USDYEN – At base of recent bear channel after a channel breach that gave us a hammer. Boss shows inverted hammer. Wait for swing to show, but could be putting a bottom in here so I would side with long above the BEOB at 92.40 level. This could also point to equities falling soon.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss still below last weeks high and stuck in range. Neutral.
Eurgbp – Boss shows inverted hammer above the boss 20ema that is sitting ion the 50sma. Still long only above top of Inv Hammer at .9100 SR level.
Eurnzd – Boss Doji above the previous boss BUEB. Not convinced with long just yet as the TL break was very weak and a poss bull trap. Would like to see bullish PA on the descending TL giving a test for long. Neutral.
Gbpcad – Boss Hanging Man just rejecting the boss 50sma. Still short only on this pair. Worker looks like a dbl top bear flag so short below 1.7464 level.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Looking toppy – doji close on worker on Fri. Could be a LH so short below the 81.27 SR level should It go.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. PA in large pennant – neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
Nat Gas – 3rd Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached so expecting a higher low test. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. Boss bull trend candle after BO test last week. Long Only.
DowJones Sep Fut -(YMZ9) – Monthly Doji high still in control. Boss bull trend bar but not above highs from previous weeks. Major tussle at meeting of a bull/bear TL. Wait for resolution but with no TL break it's still long only until that happens.
FTSE Fut (FFIZ9)– Boss IB candle body that rinsed shorts last week by taking out BEEB low by a few pips then reversing. Short below the 4910 level as we have had 2 TL breaks with the first followed by a HH test.
Cable – Monthly BUEB. Boss S/Star 3 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless high of shooter and monthly 20ema is breached.
Gbpyen. - Boss bull candle but still below major descending TL after a dbl top. Short only on pullbacks. Note close correlation with indices.
Gbpchf – As above – Boss seems to be in a bear flag. Still below the boss 20/50 Mas. Expect a LL/HL test of the bottom back in Oct 13
Eurusd – Boss IB (body). No TL breaks of note so still long only. Caution though as could be forming a RHS of a H&S pattern.
Audusd – Monthly still in Up trend. No TL breaks so still long only.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. 1.0258 level is a major level and have a bear IB (body). Still in downtrend so short below break of boss IB.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still gave a bear hanging man. Unless last high of down move is taken out at 1.100 level it's still short on pullbacks.
USDYEN – At base of recent bear channel after a channel breach that gave us a hammer. Boss shows inverted hammer. Wait for swing to show, but could be putting a bottom in here so I would side with long above the BEOB at 92.40 level. This could also point to equities falling soon.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss still below last weeks high and stuck in range. Neutral.
Eurgbp – Boss shows inverted hammer above the boss 20ema that is sitting ion the 50sma. Still long only above top of Inv Hammer at .9100 SR level.
Eurnzd – Boss Doji above the previous boss BUEB. Not convinced with long just yet as the TL break was very weak and a poss bull trap. Would like to see bullish PA on the descending TL giving a test for long. Neutral.
Gbpcad – Boss Hanging Man just rejecting the boss 50sma. Still short only on this pair. Worker looks like a dbl top bear flag so short below 1.7464 level.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Looking toppy – doji close on worker on Fri. Could be a LH so short below the 81.27 SR level should It go.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. PA in large pennant – neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
3 Nov 2009
1 Nov 2009
Monthly and Weekly Analysis - 1 Nov 09
Lt Sweet Crude Dec Fut – Long only on pullbacks – Big boss bull candle, boss bear candle coming back to test BO from the last high at 75.25 and the B Boss 50sma. Long only on pullback to the BO level.
Nat Gas – Big Boss bearish candle but not closed below previous month. Boss shooting star between levels 2weeks ago is still the controlling PA. Boss in Barbwire. Worker now bearish too as last high of up move taken out. Could find support at 20/50 Boss ema but if they go, short only below $4.000
Gold – Monthly Bull Candle breaking old highs. Boss hammer – so long only above 1069 (high of IB preceding the hammer).
DowJones Dec Fut -(YMZ9) – Monthly Doji after up move. Boss bear rejection of the descending TL from the highs. If trhe monthly 20ema is broken and last low of 9309 plus the rising TL then short only below that level.
FTSE Fut (FFIZ9)– Monthly Shooter as well as IB. Boss BEEB. Short below the 4910 level.
Cable – Monthly BUEB. Boss S/Star 2 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless 1.6745 level goes
Gbpyen. - Monthly bull IB. Boss doji/S/Star and IB(loose) but worker BEEB. Short only on pullbacks.
Gbpchf – As above – Monthly bull candle but wkly BUOB. Worker IB– short on pullbacks.
Eurusd – Monthly Shooter but with a close above previous month BUT right at the BO level from the previous high of the downtrend. Boss BEOB but close just below the recent UP TL. Worker BEEB. Short only below 1.4680 level.
Audusd – Monthly still in Up trend. Boss has fallen back to the up TL. Worker shows loose IB. Still long only until the last low of the up move at 0.8552 goes.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. If the 1.0600 level is broken then long only. Boss gives a BUEB so if the 1.0300 goes then we have a confirmed HL in place. Long above 1.0300.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still bullish and we have a worker BUOB on Friday. Long only above 1.0880 level.
USDYEN – Monthly doji after down move but boss and worker still bearish. Short only.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss gives a BEOB and a triple top. Short only below 132.050.
Eurgbp – Monthly bear candle IB. Boss BEOB with a 3rd LH from the high back in Dec 2008. Major UP trend still intact but in minor downtrend. Short below 0.8884
Eurnzd – Monthly hammer off old BO level from Jan 2008. PA closed above the major down trend line of past months. Boss BUEB smashing thru TL. Expect a test of such a strong TL and target long only to 2.1065 SR level.
Gbpcad – Major downtrend still intact so short only on bear PA.
Nzdusd – Monthly Shooter of best kind. Boss BEEB with worker BEEB too. Short only as UP TL broken but expect a test from underneath after such a strong trend.
Audyen – Monthly big bull doji but not convinced. Up TL still intact but boss showing a BEEB so short only as we have now had 2 significant up TL breaks and 2 HH tests of those breaks.
EurCad – Mas all flat on Monthly and boss. PA in large pennant – neutral.
GbpAud – Monthly hammer. Boss BUOB. Long only above 1.8354.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
Nat Gas – Big Boss bearish candle but not closed below previous month. Boss shooting star between levels 2weeks ago is still the controlling PA. Boss in Barbwire. Worker now bearish too as last high of up move taken out. Could find support at 20/50 Boss ema but if they go, short only below $4.000
Gold – Monthly Bull Candle breaking old highs. Boss hammer – so long only above 1069 (high of IB preceding the hammer).
DowJones Dec Fut -(YMZ9) – Monthly Doji after up move. Boss bear rejection of the descending TL from the highs. If trhe monthly 20ema is broken and last low of 9309 plus the rising TL then short only below that level.
FTSE Fut (FFIZ9)– Monthly Shooter as well as IB. Boss BEEB. Short below the 4910 level.
Cable – Monthly BUEB. Boss S/Star 2 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless 1.6745 level goes
Gbpyen. - Monthly bull IB. Boss doji/S/Star and IB(loose) but worker BEEB. Short only on pullbacks.
Gbpchf – As above – Monthly bull candle but wkly BUOB. Worker IB– short on pullbacks.
Eurusd – Monthly Shooter but with a close above previous month BUT right at the BO level from the previous high of the downtrend. Boss BEOB but close just below the recent UP TL. Worker BEEB. Short only below 1.4680 level.
Audusd – Monthly still in Up trend. Boss has fallen back to the up TL. Worker shows loose IB. Still long only until the last low of the up move at 0.8552 goes.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. If the 1.0600 level is broken then long only. Boss gives a BUEB so if the 1.0300 goes then we have a confirmed HL in place. Long above 1.0300.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still bullish and we have a worker BUOB on Friday. Long only above 1.0880 level.
USDYEN – Monthly doji after down move but boss and worker still bearish. Short only.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss gives a BEOB and a triple top. Short only below 132.050.
Eurgbp – Monthly bear candle IB. Boss BEOB with a 3rd LH from the high back in Dec 2008. Major UP trend still intact but in minor downtrend. Short below 0.8884
Eurnzd – Monthly hammer off old BO level from Jan 2008. PA closed above the major down trend line of past months. Boss BUEB smashing thru TL. Expect a test of such a strong TL and target long only to 2.1065 SR level.
Gbpcad – Major downtrend still intact so short only on bear PA.
Nzdusd – Monthly Shooter of best kind. Boss BEEB with worker BEEB too. Short only as UP TL broken but expect a test from underneath after such a strong trend.
Audyen – Monthly big bull doji but not convinced. Up TL still intact but boss showing a BEEB so short only as we have now had 2 significant up TL breaks and 2 HH tests of those breaks.
EurCad – Mas all flat on Monthly and boss. PA in large pennant – neutral.
GbpAud – Monthly hammer. Boss BUOB. Long only above 1.8354.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
25 Oct 2009
Weekly Analysis 25 Oct 09
Away with work all week so still not trading Live, hence limited analysis this week. Gbp looks best short of the week.
Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss doji so expect test of the BO level
Nat Gas – Boss shooting star between levels. Boss in Barbwire. Neutral but pull ISA ETC if the $4.414 level goes.
Gold – Boss IB – expect a test of the 1033 level. Long only.
DowJones Sep Fut -(YMZ9) – Boss Doji on the big weekly downtrend. Key test here but long only on current trends unless this major DSRI level goes.
FTSE Fut (FFIZ9)– 2nd Boss Doji on the major downtrend line. Worker shows a shooting star on Fri. Wait for PA but still long only until the trend changes.
Cable – Boss S/Star and worker BEEB – Short only on pullbacks.
Gbpyen. - Boss doji/S/Star (loose) but worker BEOB. Short only on pullbacks.
Gbpchf – As above – boss IB and worker BEOB – short on pullbacks.
Eurusd – Up TL still in force – Long only on pullbacks.
Audusd – 0.9315 level trapping upward move but it's still long only until the trend changes.
Usdchf – Boss still down, but worker could be changing after inverted hammer and a bull trend bar. Neutral until will get some HL's for new uptrend.
Usdcad – PA under the down TL but worker hammer has produced a bull Trend bar. Wait for a HL before long on pullbacks.
USDYEN – Long only above 92.60 (last high of previous down trend)
Euryen – Triple top poss forming on boss at 138.00 level. PA still under monthly 20ema – long only above that level on bull PA and test.
Eurgbp – Boss hammer off the most recent up TL. Worker BUOB on Fri. Long only. Parity here we come!
Eurnzd – Short only. Down trend still in force.
Gbpcad – Major downtrend still intact so short only on bear PA.
Nzdusd – Major up TL still intact – long only on pullbacks.
Audyen – Long only – Dr Joe – still keeps going up.
EurCad – Poss double bottom in – long only once the old Rest level at 1.6095 is broken.
GbpAud – Still short only on pullbacks. Respecting the worker 20ema
CadJpy – Boss hanging man and I think short only after a major TL break and a HH. PA on the down TL so siding with short only.
Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss doji so expect test of the BO level
Nat Gas – Boss shooting star between levels. Boss in Barbwire. Neutral but pull ISA ETC if the $4.414 level goes.
Gold – Boss IB – expect a test of the 1033 level. Long only.
DowJones Sep Fut -(YMZ9) – Boss Doji on the big weekly downtrend. Key test here but long only on current trends unless this major DSRI level goes.
FTSE Fut (FFIZ9)– 2nd Boss Doji on the major downtrend line. Worker shows a shooting star on Fri. Wait for PA but still long only until the trend changes.
Cable – Boss S/Star and worker BEEB – Short only on pullbacks.
Gbpyen. - Boss doji/S/Star (loose) but worker BEOB. Short only on pullbacks.
Gbpchf – As above – boss IB and worker BEOB – short on pullbacks.
Eurusd – Up TL still in force – Long only on pullbacks.
Audusd – 0.9315 level trapping upward move but it's still long only until the trend changes.
Usdchf – Boss still down, but worker could be changing after inverted hammer and a bull trend bar. Neutral until will get some HL's for new uptrend.
Usdcad – PA under the down TL but worker hammer has produced a bull Trend bar. Wait for a HL before long on pullbacks.
USDYEN – Long only above 92.60 (last high of previous down trend)
Euryen – Triple top poss forming on boss at 138.00 level. PA still under monthly 20ema – long only above that level on bull PA and test.
Eurgbp – Boss hammer off the most recent up TL. Worker BUOB on Fri. Long only. Parity here we come!
Eurnzd – Short only. Down trend still in force.
Gbpcad – Major downtrend still intact so short only on bear PA.
Nzdusd – Major up TL still intact – long only on pullbacks.
Audyen – Long only – Dr Joe – still keeps going up.
EurCad – Poss double bottom in – long only once the old Rest level at 1.6095 is broken.
GbpAud – Still short only on pullbacks. Respecting the worker 20ema
CadJpy – Boss hanging man and I think short only after a major TL break and a HH. PA on the down TL so siding with short only.
19 Oct 2009
17 Oct 2009
Weekly Analysis 17 Oct 09
Lt Sweet Crude Oct Fut – Strong bullish break out of recent consolidation area. PA now above the Mas. Long only on Pullbacks. Expect pullback to 75 level (monthly 50sma) or 72 BO level.
Nat Gas – Boss chart shows a hammer after last weeks bear doji. Barbwire but always side with the most recent candle and expect the uptrend to continue. Long above the $4.08 SR level.
Gold – Big boss bullish, boss still bullish with large trend candle breaking last old high of 1033. Last week gave us a weak shooting star but I would not short at this level as there has not been a significant TL break first. Wait for retrace into the 1033 level and see how PA reacts there but side with LONG only unless that $1000 level is again violated.
DowJones Sep Fut -(YMZ9) – Major Up TL still intact although we have had a smaller TL break. Boss gives us a small bull candle off the up TL but we are back at the monthly DOWN TL from the highs. Last low of this UP TL has not been broken and with Crispen Odey (Hedge fund chairman) saying buy all QE shares until QE stops, it's a still LONG ONLY chart buying pullbacks to the 20 ema.
FTSE Fut (FFIZ9)– Worker TL break after a double top and we have broken the worker 20ema. Worker shows a BEOB on Fri's close but the major UP trend is still intact. It's a LONG only on pullbacks unless the get a LH under the key 5100 level.
Cable – Major boss down trend is still in force (weak) but the stong bull trend off the lows is still in play. However, the minor downtrend from the S Star highs is still intact even after the large BUOB last week. I'd like to see the minor downtrend line broken and tested for longs or rejected for shorts. PA is still under the major down TL so early part of the week will reveal all IMO. Worker 20 and 50 are both pointing down still so Neutral on this until the direction becomes clear.
Gbpyen. - Up TL broken some twice weeks back. Boss chart still bearish after 2 pushes down after a double top. PA last week rallied strongly from the BarWire and broke the down trend line and 20ema. Currently in the 20/50 trap but I would expect a test of the steep broken TL and poss 144.00 ish level (high of the Barbwire). Still under the Boss Mas, so, Neutral until there is a BO test but still favour short over the next few days to test the BO.
Gbpchf – Boss chart shows major downtrend still intact but the recent down move has given us 2 pushes down. BUOB last week off the 1.6492 SR zone but after such a big move down I'd be reticent to go long. We could have a HL from the last low in Dec and if PA rallied off here that could be seen as bullish. PA has not broken out from the SR level of the last high of the downtrend so I'd like to see a worker test and HL AND break above 1.6730 before going long. Neutral.
Eurusd – Broken out of triangle and is above 61% fib. Bull candle last week. Tested wedge BO though and up TL still intact but last week did not break old highs. Worker gives us a BO test so this pair is LONG only on pullbacks.
Audusd – This pair has rallied so strongly from the lows it defies gravity! Boss still bullish as is the worker. Above the 76% retrace so far too bid for me to get in at this level but, it keeps going up and until the UP TL is broken then one should LONG every pullback PA opportunity.
Usdchf – Boss shows us a BEOB but PA is extended far from the 20ema so it's short only but wait for a elastic pullback to the 20ema first.
Usdcad – Boss still bearish with no trend line breaks long. Only take PASR long after a TL break. Boss shows a weak hammer but with no previous TL breaks I'm not interested. Still short on pullbacks.
USDYEN – 2nd bounce of the TL created as double bottom on the monthly charts. Down TL still not broken so I would stick with short only unless the 92.00 level is broken and tested.
Euryen – Minor up trend still intact after the hammer test of the TL from the March lows. Boss shows bullish candles so its Dr Joe. Keep buying on the way up but I'd like to see PA breach 137 and Monthly 20ema confluence before going long.
Eurgbp – PA not broken the last high of the most recent Boss downtrend from the highs. Boss last week shows a BEOB but the minor UP TL is still intact. Wait for a TL break and test on good PASR but after 3rd Boss lower high side with short after minor up TL break. Worker S Star a few days ago worked as planned and hit initial target exactly!
Eurnzd – No reason to do anything here other than short. Wait for significant TL break before considering any longs from last weeks IB. Short only but risky so sit this one out.
Gbpcad – Boss shows PA retrace back to 20ema. Look for a worker PA setup to continue with SHORT only.
Nzdusd – Long only. All charts still bullish. Only short below .7246 last low of uptrend level.
Audyen – Boss still bullish but now in the 20/50 Boss ema trap. Worker gives us a S Star on Friday's close and momentum has been weakening of late. Wait for S Star to activate and PA produce a LH below the SR level at 81.80 before going short or continue with long should that level be tested and produce a bullish PA to stick with trend.
EurCad – Difficult chart to assess. Had 2 TL breaks to the downside and PA is under the last one. Wait for PASR from this underside position and continue with recent minor down trend.
GbpAud – Still short all the way. No reason to counter trend this at all. Short all pullbacks to the 20ema.
CadJpy – Long only above the Monthly 20ema at 88.80
Nat Gas – Boss chart shows a hammer after last weeks bear doji. Barbwire but always side with the most recent candle and expect the uptrend to continue. Long above the $4.08 SR level.
Gold – Big boss bullish, boss still bullish with large trend candle breaking last old high of 1033. Last week gave us a weak shooting star but I would not short at this level as there has not been a significant TL break first. Wait for retrace into the 1033 level and see how PA reacts there but side with LONG only unless that $1000 level is again violated.
DowJones Sep Fut -(YMZ9) – Major Up TL still intact although we have had a smaller TL break. Boss gives us a small bull candle off the up TL but we are back at the monthly DOWN TL from the highs. Last low of this UP TL has not been broken and with Crispen Odey (Hedge fund chairman) saying buy all QE shares until QE stops, it's a still LONG ONLY chart buying pullbacks to the 20 ema.
FTSE Fut (FFIZ9)– Worker TL break after a double top and we have broken the worker 20ema. Worker shows a BEOB on Fri's close but the major UP trend is still intact. It's a LONG only on pullbacks unless the get a LH under the key 5100 level.
Cable – Major boss down trend is still in force (weak) but the stong bull trend off the lows is still in play. However, the minor downtrend from the S Star highs is still intact even after the large BUOB last week. I'd like to see the minor downtrend line broken and tested for longs or rejected for shorts. PA is still under the major down TL so early part of the week will reveal all IMO. Worker 20 and 50 are both pointing down still so Neutral on this until the direction becomes clear.
Gbpyen. - Up TL broken some twice weeks back. Boss chart still bearish after 2 pushes down after a double top. PA last week rallied strongly from the BarWire and broke the down trend line and 20ema. Currently in the 20/50 trap but I would expect a test of the steep broken TL and poss 144.00 ish level (high of the Barbwire). Still under the Boss Mas, so, Neutral until there is a BO test but still favour short over the next few days to test the BO.
Gbpchf – Boss chart shows major downtrend still intact but the recent down move has given us 2 pushes down. BUOB last week off the 1.6492 SR zone but after such a big move down I'd be reticent to go long. We could have a HL from the last low in Dec and if PA rallied off here that could be seen as bullish. PA has not broken out from the SR level of the last high of the downtrend so I'd like to see a worker test and HL AND break above 1.6730 before going long. Neutral.
Eurusd – Broken out of triangle and is above 61% fib. Bull candle last week. Tested wedge BO though and up TL still intact but last week did not break old highs. Worker gives us a BO test so this pair is LONG only on pullbacks.
Audusd – This pair has rallied so strongly from the lows it defies gravity! Boss still bullish as is the worker. Above the 76% retrace so far too bid for me to get in at this level but, it keeps going up and until the UP TL is broken then one should LONG every pullback PA opportunity.
Usdchf – Boss shows us a BEOB but PA is extended far from the 20ema so it's short only but wait for a elastic pullback to the 20ema first.
Usdcad – Boss still bearish with no trend line breaks long. Only take PASR long after a TL break. Boss shows a weak hammer but with no previous TL breaks I'm not interested. Still short on pullbacks.
USDYEN – 2nd bounce of the TL created as double bottom on the monthly charts. Down TL still not broken so I would stick with short only unless the 92.00 level is broken and tested.
Euryen – Minor up trend still intact after the hammer test of the TL from the March lows. Boss shows bullish candles so its Dr Joe. Keep buying on the way up but I'd like to see PA breach 137 and Monthly 20ema confluence before going long.
Eurgbp – PA not broken the last high of the most recent Boss downtrend from the highs. Boss last week shows a BEOB but the minor UP TL is still intact. Wait for a TL break and test on good PASR but after 3rd Boss lower high side with short after minor up TL break. Worker S Star a few days ago worked as planned and hit initial target exactly!
Eurnzd – No reason to do anything here other than short. Wait for significant TL break before considering any longs from last weeks IB. Short only but risky so sit this one out.
Gbpcad – Boss shows PA retrace back to 20ema. Look for a worker PA setup to continue with SHORT only.
Nzdusd – Long only. All charts still bullish. Only short below .7246 last low of uptrend level.
Audyen – Boss still bullish but now in the 20/50 Boss ema trap. Worker gives us a S Star on Friday's close and momentum has been weakening of late. Wait for S Star to activate and PA produce a LH below the SR level at 81.80 before going short or continue with long should that level be tested and produce a bullish PA to stick with trend.
EurCad – Difficult chart to assess. Had 2 TL breaks to the downside and PA is under the last one. Wait for PASR from this underside position and continue with recent minor down trend.
GbpAud – Still short all the way. No reason to counter trend this at all. Short all pullbacks to the 20ema.
CadJpy – Long only above the Monthly 20ema at 88.80
13 Oct 2009
11 Oct 2009
Weekly Analysis 11 Oct 09
Lt Sweet Crude Nov Fut – Boss chart now still in minor uptrend from lows. PA has broken thru the monthly 20ema but is still under the 50sma. Still just under the 50% retrace from high to low and skirting the key 72.00 level. Trapped under minor down TL from high at 74.90 but after a major TL break i'd prefer this short below 65.00 or long above the monthly 50sma at 75.00. Neutral.
Nat Gas – Big boss chart shows large BUOB. Boss shows a hanging man 2 weeks ago and a shooting star this week. Bearish but UP TL has held so far. Expect a test of 4.65 (last high of downtrend on worker) so still LONG only but only as long as that BO level holds.
Gold – Big boss bullish, boss still bullish with large trend candle breaking last old high of 1033. Still in major uptrend so LONG only on pullbacks.
DowJones Sep Fut -(YMZ9) – Major Up TL still intact although we have had a smaller TL break. Boss gives us a large bull candle off the up TL but we are back at the monthly DOWN TL from the highs. Last low of this UP TL has not been broken and with Crispen Odey (Hedge fund chairman) saying buy all QE shares until QE stops, it's a LONG ONLY chart buying pullbacks to the 20 ema.
FTSE Fut (FFIZ9)– Worker TL break after a double top and we have broken the woker 20ema. Boss bullish still so long only on pullbacks.
Cable – Boss chart is bearish after the S Star a few weeks back and the M2S (Lower high short near the ema). This week an IB inside last weeks doji/spinning top. PA rejected break of minor down TL. Worker shows a large BEEB. Short only below 1.5760 SR.
Gbpyen. - Up TL broken some weeks back. Boss chart still bearish after 2 pushes down after a double top. Last 2 weeks gives doji/hammer looking bar right off the BO test of the last high of the downtrend. Also at 50% fib retrace from extreme low to high and 61% from top of first wave to top. Worker is in a mess with dojis everywhere. Stand aside but look for opportunities on worker in week. Favour short to SR level at 131.00
Gbpchf – Major up TL's broken. Boss chart still bearish but we have had 2 pushes down resulting in a spinning top at SR level. Boss shows an IB last week right at key 1.6490 SR but worker Hammer from 28 Sept still in play. Neutral.
Eurusd – Broken out of triangle and is above 61% fib. Bull candle last week. Tested wedge BO though and up TL still intact but last week did not break old highs. Worker shows a double top right at the level of the big downtrend spike high from last year. Wait for up TL to be broken and tested for short or double top to be broken for long with trend.
Audusd – Major up TL is still intact on boss with bullish PA after interest rise last week. Could be a large trend-channel over shoot that plays out over 2 weeks? Price looks way to bid-up for me to enter but we are above the 75% retrace too and all MA's. No longs here for me, wait for new trend to establish short before entering.
Usdchf – Boss has broken thru major levels and up TL's . Boss gives us a BUEB right back at the 76% retrace! Deep one that. Boss shows a weak hammer but no protrusion into new lows. Worker IB on Fri but still below the 20ema. No trade here for me but favour LONG should the 20ema break and get tested.
Usdcad – Boss shows a huge bear candle. Smashing thru SR levels and last Up TL. Short only on retraces with short PA.
USDYEN – Major down TL's have been broken and trend is very bearish. 2nd Boss Hammer at the base of this bear channel. Had 2 pushes down (just) and hammer gives us a HL from the low back in Jan 09. Worker gives huge BUEB. ATM long to next SR at 91 at least but only once we have a worker HL.
Euryen – Major UP TL has been broken and tested from underneath. Boss gives us a BUEB after last week's hammer. Worker back above the minor SR level created by the break of the last low of recent down trend channel. Boss still in up trend so long only on bullish PASR unless base of hammer is broken.
Eurgbp – Major UP Trend is still intact with minor DOWN TL now broken and poss tested. Boss gives us a bull bar. Worker gives text-book shooting star about 2 weeks ago that is still the controlling candle. Risky counter-trend short back to 0.9020 level. Sit this out.
Eurnzd – Boss down trend still intact and now we have the MAJOR up TL broken. Boss bear candle. - Poss test now of the broken TL from underneath so wait for PA retrace. PA below the monthly 50sma. No trade here against such a strong trend down.
Gbpcad – Messy. Last week gave huge bear candle. Still in a down Trend. Major up TL's have been broken. Wait for test of broken TL. No trade here.
Nzdusd – Boss is still in major UP trend. PA at the 77% retrace at 0.7386 and worker shows a BEEB. Major UP TL's still intact. Would like to see last high of the uptrend broken and tested (0.7305) for short but until then, too bid for me so no trade here.
Audyen – Boss gives us a huge BUEB but we have not broken thru old highs. PA above big boss 20ema and back above up TL. Not as bid as audusd so long only on pullbacks or break of the last high at 82.10 (with 50% fib confluence)
EurCad – Had one major UP TL break but the second one is holding so far after the hammer a few weeks back. 2 weeks ago Boss gave us a BEOB. All Mas are flat but worker gives a S Star. Last low of Up Trend still not broken so wait for test of that SR for LONG.
GbpAud – Boss chart in a major downtrend and lowest on my chart data. Short only on pullbacks to down TL and worker 20ema.
CadJpy – Boss up TL still intact (just) after two tests. Worker shows 2 hammers much as the other yen pairs right off the Up TL and SR at 81.91. Long with major up trend but counter the immediate down trend after a huge double top. With Up TL still intact LONG only until PA dictates otherwise.
6 Oct 2009
Swing High/Low
For a CONFIRMED swing high, the high must be higher than the preceding bar and there must be a LOW lower than the low of the swing high.
For a Swing Low the low must be lower than the previous candle and there must be a HIGH, higher than the high of the swing low
Simples
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