Possible Short signal in the EURUSD forming, but the colour of the current 4hr candlestick when it closes in just a little over an hour will determine the action. Update on that EURGBP short probe trade above...still valid.

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this pair will be entering my Shorting zone @ 0.7900...more than a 100 pips above, until then i look elsewhere for opportunities, unless a Shorting Signal is forthcoming before that we reach that zone.

NZD/USD

at 1.2750 i will start looking for a shorting signal, so by my reckoning...still plenty pips to rise

EURUSD

entered EURGBP Short probe off 30mins...Daily still intact image

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last EURJPY 4hr bar closed red but as an indecision bar, bias still intact. will see what the New York opens bring in 5mins EURGBP and Ozzie entered Shorting Zone.

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Ok, we had our 4hrs green bar close at 10am CAT...not above the RN (round number) but acceptable to indicate a continued rise is likely. i have an Acid Test that i apply to the chart i'm interested in, and that is what i call the Newspaper format ...

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updating my bullish sentiment of EUR/JPY and CAD/JPY from post 52 dwnward... ... it appears from the 4hr charts that my trading outlook is still valid, however a green 4hr bar close is still incomplete. ...the current 4hr bar close is of greater ...

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i'm posting this last Daily chart of the Kiwi to remind me next week [or two] that there may be a retracement back up to the round number which is also around the 38.2% retracement of the Weekly bar. image

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Here is my 4hr charts of the Loonie and the Cable with the possible Fibonacci retracements of fridays bar, i.e. the Daily bar. 1.1140 for the Loonie and 1.6270 for the Cable, at least that's what i anticipate. image

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as a reminder to myself...should an up day not materialise than my trade direction may change because the price pattern changed.

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i mentioned in yesterday's post - post 53 -that i'm still bullish on CADJPY so now i will pull up my FXCM trading station 4hr chart to take a closer look. (im doing this posting from my cell fone so i can check the posting on my notebook later.) ok ...

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To me the Trend is clearly down, so i'm posting Gold's chart which includes its close companion Silver to speak for themselves. image

Only Gold!

My EUR/USD charts are still firmly pointing down...here is my Daily...anything can happen but until it happens my bias is short only. i dont want to be right without profiting, what matters is that i should walk my talk...and by profiting i ...

EURUSD

i'm anticipating Cable to drop from market open as been hinted by its last Weekly and Daily bars. lets take a look...also i cant believe i missed that beautiful drop of the Kiwi. My interpretation tells me that the kiwi was the better short of the ...

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the cable is resuming its down trend ...i'm still short several weeks now, for a few days there i thought i will lose them. Question: What was the reason why i didn't close them ? Answer: The major Trend is still Down...major as in Weekly, in ...

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and here is the chart of the EUR/JPY trade that's still in a loss showing long entry level. the yellow X shows entry bar on the 4hr chart. image

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Lets do a recap of this trading week past: 1) Loss on 2 x Longs on CAD/JPY - position fully closed 2) Gain on 3 x Longs on USD/CAD - positions still open Outlook for the week ahead for trade direction; CAD/JPY- still Bullish USD/CAD- still bullish, ...

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Ok, where shall we start ?...lets post a screenshot dating from the start of this journal of 6 Feb 2011 up until today. image

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hello there beloved trading journal...did u think i abandoned u ? think agai...its just that life happened, but i'm back now so lets get started in a few moments.

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what about the most likely directions of Gold n Silver ? Platinum and Paladium ? Lumber and Crude Oil ? the Hangseng and the Dow ?

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