SlowlyButSurely
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Morning, late start for me today. Will probably stay on the sidelines as it's friday but may look to get in towards the afternoon if markets flip as people close out for the long weekend.
Here is the trend I have on Gold, Yellow arrow is near where I sold yesterday at 1302's once I saw the trend held. It has held up well so far, but as it converges it will eventually need to breakout and my guess is it will be to the downside.
If it falls to the lower trend line and PA holds up well I will go long there with a conservative stop. Will try to post the call live if and when it comes into play.
Here is the trend I have on Gold, Yellow arrow is near where I sold yesterday at 1302's once I saw the trend held. It has held up well so far, but as it converges it will eventually need to breakout and my guess is it will be to the downside.
If it falls to the lower trend line and PA holds up well I will go long there with a conservative stop. Will try to post the call live if and when it comes into play.
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postman
Dinos
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Whilst we wait:
Vicar goes into a pet store
"I'd like to buy a Parrot, but it mustn't swear",
"No problem", said the shopkeeper, " See this Parrot here, there's a string attached to either leg, if you pull the one on its left leg it says the Lords Prayer, and if you pull the one on its right leg, it recites the 23rd Psalm"
"Wow, that's fantastic, what if I pull them both together" asked the Vicar.
The Parrot yells out "I'll fall of the F*cking perch you daft t*at"
Vicar goes into a pet store
"I'd like to buy a Parrot, but it mustn't swear",
"No problem", said the shopkeeper, " See this Parrot here, there's a string attached to either leg, if you pull the one on its left leg it says the Lords Prayer, and if you pull the one on its right leg, it recites the 23rd Psalm"
"Wow, that's fantastic, what if I pull them both together" asked the Vicar.
The Parrot yells out "I'll fall of the F*cking perch you daft t*at"
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Sonicscooter
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I feel like a right tit..........
P
postman
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postman
I feel like a right tit..........
Why limit yourself - have both.
P
postman
Big move up today on Daxy.
(Or maybe down, or possibly flat. I've been experimenting with Elliot waves.)
(Or maybe down, or possibly flat. I've been experimenting with Elliot waves.)
psaTrading
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The Euro’s slide as a result of the ECB meeting in May continued this past week with the perception that a round of easing is to be announced in June.
I believe the pair will slide until the support of the last wedge (around 1.35), the break of this line could induce a downward move at least until 1.27 (First part of scenario 1), strong fundamental releases will trigger a rebound at the support of the refereed wedge bringing the pair up to the high of the year (scenario 2).
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http://silvatradingen.wordpress.com/
"It is not enough to have a good mind. The main thing is to use it well." (Rene Descartes)
EURUSD Monthly Chart:
I believe the pair will slide until the support of the last wedge (around 1.35), the break of this line could induce a downward move at least until 1.27 (First part of scenario 1), strong fundamental releases will trigger a rebound at the support of the refereed wedge bringing the pair up to the high of the year (scenario 2).
.............................................
http://silvatradingen.wordpress.com/
"It is not enough to have a good mind. The main thing is to use it well." (Rene Descartes)
EURUSD Monthly Chart:
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postman
Goldman have already scaled back their expectations for the June meeting.
I believe Draghi 'mis spoke' and once again nothing (or very little) will happen. This will be a huge disappointment and could start the selloff.
Thats pure finger in the air stuff, only based on Draghi's past record.
SlowlyButSurely
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I also have 1.3480's as the next zone of support for EURUSD. ECB could also possibly try and bid it up a bit. Will wait until next week to see how it reacts to having broken this recent big zone around 1.3640.
Sonicscooter
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Has everyone gone to sleep.................
hereward the wake
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Has everyone gone to sleep.................
nah I'm reading my Elliot wave book
Has everyone gone to sleep.................
Sort of sums up the last week and bit's trading for me that question.
Sonicscooter
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P
postman
Rather watch paint dry.........who's Elliot anyway......
He's the kid who flew his bicycle in the air on E.T. he came over from Germany but someone said 'Go home'. Give him a wave from me if you see him.
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postman
Long Dow 16551
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