4270-85 looks like a nice place to buy
if we can get down to there.
So we got a bounce and then fell another 100 hundred pips,
if 4200 can't hold then chances are we'll get down to 4050.
Selling Swissy up around here.8995.
4200 holding strong so far,would like to see it
tested again.
First topside target 4350,but as i say would like to see 4200 again first.
DX looks like it's doing another death dance,
is the $ really that bad,Europe's roof is on fire and still
the Dollar can't seem to find any traction.
1 hr & Daily.
Don't trade it but the backwardation situation is
really intriguing me.
It's in full breakout thismorning,as long as 36.61 holds
then first target is 39.80 and then up towards 44.
Doesn't look like it will even pull back below 37.00.
These calculations are on daily and weekly charts.
Current price 38.30.
4350 target hit,but to be frank i didn't make as much on this call
as i should of,still,profit is profit and it was a strange day.
Looks like it might just keep on going up,don't know,don't care.
Still short the Swissy,bloody thing.
Sold more Swissy at .9010 to add
to .8995.
Ok,first chart,the DX.Most pairs i trade has the $ in them so i watch it closely.
I've been bearish the $ for sometime and nothing on this chart will make me change my mind.Price has closed right at the low for the week,not a great sign.
I've been watching it try to get above 76.95,i feel that the rejection of that level opens
the way for a move much lower.Price is at 75.55,i would expet price to hold below 76.15
on daily closes to get a move going down to test 74.40 and perhaps 71.60.
Closes above 76.95 would mean i'm wrong and need to reassess things.
Covered half on each of these at .8940 for +60 and +45.
Stop at .8990 on both remaining parts.
Stops lowered to .8975.
Watching .8925,PA on the hourlys at that level very important
to me,also would probably close above .8950 if i was around
at the time.
One last thing,just came across an old chart i was using in december,
don't really use channels anymore,green vertical line was where i did
my last work on this chart,going to keep it and maybe post it again
in a month or so,tech doesn't work eh?
I have to say i'm really proud of that chart.
Friday morning...was a bit tired last night and today i noticed that i put the green line
in the wrong place,now changed,i've also put POC lines back on up to date chart although i don't use
these for trading anymore.
Original post of chart.
http://www.forexfactory.com/showpost.php?p=4269984&postcount=353059
Gold next target 1518,then 2000 at least before the end of the year.
Silver very close to second target,but i see no reason for it
to stop there,50 + very easy .
We ,the indebted west see precious metals differently than
where the real money is now,the east.
I don't think this is a bubble,i think this is a readjustment.
Any pullbacks are buying opportunity's i think.
From my second post on this journal.
74.40 target hit,but this just feels like the beginning.
Fiber still on target for 1.50 +
A pullback to 4500ish would be a nice spot to buy,
i'll be looking for that kind of move but might not come.
Just a thought,everyone's looking at Spain to be the next shoe to
drop,but from some things i'm looking at i think Italy might be the next big problem.
It might take a month or two to feed through and i think in the meantime we go
higher but i'm seeing some dark clouds on the horizon from that direction.