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Mixed GBP data: 1) Guess Brits are importing more due to the stronger currency with the worse than expected current accounts 2) But GBP GDP is as expected, which signals continued strength So, the last LONG took 6 hours or so longer than 'guessed' (see earlier posting) and happened while I was asleep. I'm WATCHING the 15min Chart to see if a BEARISH engulfing...

Ciba

My last LONG took longer than expected (see earlier posting) and there was a dip, but I'm still LONG for the following reasons: 1) The concensus that GBP is doing well and AbeEconomics is still high on QE. GBP data hit it out of the park while I was asleep. 2) Price broken out of triangle and tested it by bouncing against it I generally follow Danske, they've...

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My earlier SHORT was faster than expected. Took Profit, playing LONG with a TIGHT STOP. If the 5min Doji turns into a Bullish Engulfing pattern, going LONG feels comfortable.

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My LONG yesterday took longer than I posted. Taking a quick short due to hitting the Orange H/L trend placed earlier and it seems like a bearish engulfing pattern formed. It may rebound off the top Yellow H/L line or go all the way to the Long Long Bullish Trend (Dotted)

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My SHORT last night did not last long. Went LONG off the 200MA and 100MA bounce.

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Looking at the projected CPI being less than 2%, it's going to take a lot that GBP is going to tighten in the ST. Going SHORT. Aiming towards 167.00. Not exactly a breakout of the triangle. But I got two hours to figure whether I'm GTG.

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Triangles typically follow the trend, which is SHORT, but, again, I've read that triangle patterns should typically be viewed as indecision in the market. With the GBP CPI coming out, it seems people feel that the BOE may choose to loosen their policy. However, most banks have indicated that the end of 2014 should show GBPJPY at 180. Because, we're most likely...

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failing to clear out of triangle (see earlier post). 1) Aiming for lower Yellow range line 2) Cover just above triangle 3) Watch for opening of EU markets Looking for LONG position prior to GBP's CPI release Tuesday morning.

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So, the TP stop from my last long (see earlier posting) was taken out at opening with that head jerk. Guess people had placed orders prior to last close (or NZ traders went nuts) thinking that there would be craziness with Putin and his cronies. A triangle seems to be forming. Typically that means a breakout in favor of the current trend (which is SHORT), but I...

Ciba

So, my previous SL was taken out last night. There seemed to be a large down at the open of the Europe markets (for no official reason that I could tell) and then a back up (which tells me that SOMEONE WAS TAKING OUT LONG STOPS). I guess lesson learned: 1) Relatively quiet for 8 hours on the 2HR chart before the EU/GB open and 2) Nikkei down, equates to...

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Was TradingView out for a couple of minutes? Anywho, my LONG's TP line from last night was taken out probably because of: 1) USD meeting expectation so the hype is over 2) New sanctions against Russia started the drums of war again. BUT! going LONG AGAIN for the following reasons: 1) H&S formation (though slanted) with a) price bouncing off a previously placed...

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should have waited. So I generally follow Danske, they've indicated they're looking to buy. I agree for MY following reasons: 1) We're close to a major bullish trend (dotted orange) 2) MACD is past zero on the 2HR chart 3) RSI is climbing on the 2HR chart 4) We're close to a downward trend H/L line top (top yellow) 5) On the 1HR chart, the 100MA is turning...

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Earlier long position was taken out with the before-stated take profit line and failure to get on top of the upper yellow ST trend line. I would still like a LONG position, but WILL WAIT for the following reasons: 1) MACD seems to be meandering (not even hovering or piercing) around a neutral zero 2) NIKKEI is down, which typically points towards a stronger...

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have a mini-megaphone, maybe? But I'm looking at the 15min chart... The price line is not piercing my previously placed H/L line (upper yellow line), but I have placed in a TP/SL/buy-in line (blue dotted line). Still LONG, due to: 1) Non-negative news from GBP and USD 2) Slowing statements from JPY 3) Fibonacci and Gartley If the yellow H/L line isn't pierced...

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So my first long (see earlier posting) take profit stop last night was taken out at some point while I was sleeping, probably due to the volatility surrounding the USD news (yes, this is GBP/JPY, but anyways...). I committed last night to a tight TP line due to Crimea, so I'm fine with that. Moved down to the 15min chart, thought a second long position was okay...

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the whole Crimea issue... My original short was profitable in the first yellow box. Was thinking to go long at that point, but with Crimea and the MACD and RSI being where they were, I waited. Went short again, hoping for the second yellow box, but my take-profit stop was taken out again. Now, the MACD cross and the RSI seem to be heading long and the position...

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perfect Gartley... that is, unless I'm doing the Gartley pattern wrong. Anywho, I follow Danske Bank, for the most part, they already took their profit from a position of 170.5 to 168.3. Their move seemed to coincide with my long running H/L trend line running from February 7ish to March 5ish (after breaking a recent rising trend line this past Thursday). ...