yesterday was a perfect single bell distribution day....these are usually followed by trending day whioch have more stretched profiles....Im aticipating us breaking from here and forming a second distribution higher up... Should we be rejected again ...

GU, GJ and EU Analysis Thread

Hi Samir, Thanks for posting the sterling index chart....sure looks like a inverse HnS pattern.. Stocky

GU, GJ and EU Analysis Thread

As per yesterdays flag pattern we broke out into NY close last night hence why there wasnt much momentum. London pushed us lower for a retest of 5615 support and also flag TL.... I have a high volume churn candle on 1pm GMT hourly candle indicating ...

GU, GJ and EU Analysis Thread

Hi Tau, Thanks for the gratitude...I appreciate the comments very much. The quality is down to the select members that choose to post along with myself....You are always welcome to post here as I have said before. If the individual you ...

GU, GJ and EU Analysis Thread

Hi Samirb, Welcome to the thread....look forward to you posting analysis. Well done on spotting them single prints... if support at 5615 fails then they will be sure targets....not a necessity to fill them before we continue up from here but a ...

GU, GJ and EU Analysis Thread

hourly flag...watch for the break to the upside. Stocky

GU, GJ and EU Analysis Thread

Update on dollar dx.. $DX broke out of the flag pattern highlighted yesterday after the Federal Reserve said it was ready to do more to help the flailing U.S. economy but stopped short of announcing specific measures. Although rates remain the same ...

GU, GJ and EU Analysis Thread

Price back at 5540 area ahead of FOMC...I dont expect much movement before that data so I will be calling it a day here and maybe drop in before the FOMC statement. Attached a dollar index and s&p500 chart to give an overview of stocks and dollar ...

GU, GJ and EU Analysis Thread

I think it is key we break the previous LH on this current upmove if we are to see a direction change....A break of previous LH resistance and the pivot gives us 5622 as a target....alternatively we bounce lower from todays point of control and ...

GU, GJ and EU Analysis Thread

price slowing down at the upper distribution.... upper distribution parameters 5564 to 5586.....maybe a small retrace on the 5 min before a continuation through. todays point of control currently at 5572. Stocky

GU, GJ and EU Analysis Thread

GU is making HH's and HL's on the 5 and 15min TF...a continuation of this upmove this afternoon will bring us back to the upper distribution formed though asia and early london....if we can manage to pass that we have the daily pivot and single ...

GU, GJ and EU Analysis Thread

Afternoon figures out of the way...should allow price to continue now on its way....Days range has given plenty of scalps if you stuck to buying the pivot....resistance at 5625...which we are approaching as I type. I expect us to test the Asia high ...

GU, GJ and EU Analysis Thread

Single prints between 5592 and 5621 have been filled...given todays profile length is 190pips we may have completed the bulk of todays movement given the prints have been filled going into London close. It is probable we trade down to 5540 area or ...

GU, GJ and EU Analysis Thread

Aussie Dollar traded upto 9380/9406 high since Oct '09. Resistance has held on the daily and the hourly is showing LL's and LH's forming. Given we have broken the hourly TL indicating a downmove maybe on the cards a short around the current area ...

GU, GJ and EU Analysis Thread

UJ and EJ are rallying fast down to the BOJ intervention in FX. This intervention by the BOJ is to stop the yen getting any stronger making it easier on the exports sector..... Although this upmove is strong Im reluctant to think it is sustainable ...

GU, GJ and EU Analysis Thread

Finally we have a daily close above 5471 after yesterdays rally. Range has been broken and 5471 has been retested and held as support this morning. London seems comfortable with buying for now so will be interesting to see if we can close higher ...

GU, GJ and EU Analysis Thread

Aussie Dollar approaching highs — Follow up on a Aussie Dollar trade I posted in August. Last target of 9380 nearly hit...This is to highlight the level we are apporaching...9406/9380 high since november 2009, Major resistance level. I expect ...

GU, GJ and EU Analysis Thread

Fridays COT data shows Insitutional Players: Long: 64% Short: 36% Retail Players: Long: 43% Short: 57% Figures show the insitutional guy have a clear stronger bias switch to long compared to the previous 3 reports as they were in the 50:50 ball park ...

GU, GJ and EU Analysis Thread

Hi Sinner, Very sorry to hear about the loss of your friends....you have have my condolences. Stocky

GU, GJ and EU Analysis Thread

Chart re-cap for the week......not much has changed since last week other than we have accumulated between 5318 and 5471 area for 9 sold days....A break has got to be on the cards soon....Lot of volume has been traded around these levels which makes ...

GU, GJ and EU Analysis Thread