FXCorrelator - Forex Trading view

[NVP]

10 extra pips on EJ in 2 mins ...........to 117.92 now .......

 

[NVP]

ok ............may be some consolidation now ....will tidy up .back before 8am

 

[NVP]

ok ............may be some consolidation now ....will tidy up .back before 8am

hey all..........need to go to some meetings soon so tidying up .......as mentioned earlier I saw the consolidation signals flashing on my moves

in fact in last 30 mins the situation on GBP has significantly reversed and its been a really good seller ........GU safe selling from 3400 levels ......USD and Yen now more persuasive as a bull as well so better correlation

Euro held bull ............EA buys not bad as well........

ok good trading all ..........be back later .....ok session for me first day back in saddle ..........no complaints re pips made

N

 

[NVP]

just before signing off ..........I can see the Yen still getting Resistance level price rejections from earlier in the London opening ..........so I would watch it for more selloffs ......

 

[NVP]

just before signing off ..........I can see the Yen still getting Resistance level price rejections from earlier in the London opening ..........so I would watch it for more selloffs ......

yep - been a nice run down on yen eh ? ..........theres a support level coming but if that breaches than no limits on extension....

EJ and UJ buys still in motion on this run........awaiting new highs though for confirmations

N

 

[NVP]

main action since my last post has been the demise of the GBP ......its cutting a brave swing pattern but has been falling since 5.30 this morning from Asian highs ......plenty there though to scalp it either way luckily so far dependent on USD's bias

anyway resumed and big GBP resell last 20-30 mins .........usd is in bull phase so nice moves offered on GU sells up to 60-70 pips if you collared it early enough

N

 

[NVP]

regarding the week so far .......

GBP has put over +500 pips on the table so far ..big kicker from yesterday
Yen has done the opposite ......-6-700 dwn for week
usd flat .........cad,AUD,Euro all a little bullish so far
only NZD feeling some pain with yen

logic would dictate some corrections into weekend on GBP and Yen as traders take position .........lets see if this materialises

N

well the gbp now under extreme pressure after a good weeks buying ......GBP index now back to key S level from yesterdays highs ........if it buckles then more traders will bottle on their weeks gains and sell it off into weekend

yen still being sold this week .........no let up really seen yet

Hmmmmmmmmm

 

[NVP]

11am bar sure rejected the 3367 tests on GU....... keep selling on opportunities .......3367/68 now decent enough R level

N

 

[NVP]

don't worry too much if you are a novice / intermediate scalper and today has been harder going ...............in truth if you are specialising on usd pairs for scalps the usd is pretty flat so far today ........sure a couple of half decent bear and bull runs but in truth theres been better sessions this week ...

remember it takes 2 to tango for a decent pair move ..........you need both currencies really getting momentum up in opposite directions to generate decent pips ......

if USD is not playing then that's twice the work needed for the other currency in the pair .................in reality only GBP and perhaps CAD or Yen can fit that bill guys ......

hence my focus on GU today so far ............

hang in there ..........
N

 

[NVP]

11am bar sure rejected the 3367 tests on GU....... keep selling on opportunities .......3367/68 now decent enough R level

N

gu selling hard again guys ...............to 3341 now

 

[NVP]

3357 being tested for resells ........if this folds then GU bears may be struggling

 

[NVP]

classic 67-46 range pattern now on GU .............my money in on GBP coming north now .........but why gamble ............let I confirm the 67 breaches

N

 

[NVP]

jees the yen now loading more and more bull pressure on .................that for me means sell gbp as well ........yehaaaaaa

 

[NVP]

gu just touched the 46 marker ..............bloody tricky bugger..........sell it on breach .....ideally I need usd bull more really ...........

EJ and UJ are selling at moment nicely ...........get back on them as retraces allow

 

[NVP]

ucad selling is steady ...........2881/2 the last resistance level for resells

 

[NVP]

right i'm on the GU now watching for a sell opp...........3352/53 ......will try to take it off a price rejection

 

[be-positive]

question Neil ------- you must be glad you waited for breach of 67 GU , so now would I be right in thinking your sitting on hands waiting for breach of 67 then buy long on retrace back to 67 area ?

 

[NVP]

if anything the signals telling me to watch for a GU turnover here to bull..........hmmmmmmm

 

[NVP]

i'll go above 64/65 ..............lot of GBP bull building here

wait for retrace if you are conservative

 

[NVP]

question Neil ------- you must be glad you waited for breach of 67 GU , so now would I be right in thinking your sitting on hands waiting for breach of 67 then buy long on retrace back to 67 area ?

at this moment the market is a bugger ........aggressive traders could be still range trading the 67/46 area

i'm just waiting or the GU to pop.........so either be aggressive above that range or wait for retrace opps following the range breach

for me I still like GU to go north here at moment

N