Technical Templates

[goldtop]

I really am very annoyed & totally frustrated with the moderators on this forum.
My last post (3 back from this one) has only been visible on the thread for about an hour, yet I submitted it nearly 24 hours ago.
I was beginning to wonder if it was going to appear at all.

Are you kidding me, 24 HOURS to get a post up onto the thread???
You sending them via overnight land mail or something?

It must be a new development because I don't recall having to wait for post clearance when I first began contributing.
I think I'd be rattling a few cages if I had to wait any more than a couple hours let alone 24 of them.
Man, that's totally unacceptable.

I literally could grow a beard in less time it'll take you to get your next contribution to appear on here

Nice (simple) analysis & trading xerb, kipper, hawkmoon et al. You can't really go far wrong if you're waiting to execute your business off big, bold trading levels like the ones you guys have been identifying of late. The continuing quality of the newer posters on here is very impressive.

[Edward Revy]

Are you kidding me, 24 HOURS to get a post up onto the thread???
You sending them via overnight land mail or something?

Yes, this is a new development, which we've implemented in order to keep threads clean from spam.
The rule is that the first 2 posts from all new registered members require preview & approval. After that you become a full member and posts will no longer be delayed.

I understood that it caused some serious inconvenience to many of you, thus tonight we'll be re-working the system in order to find more suitable solutions.
Thank you for your patience and the feedback!

(Just a few numbers to show you the real picture behind the curtain: without this implementation we all will be dealing with approximately 150 spam comments a day in various threads. Needless to say it won't be possible to read any threads without scrolling though spam comments.. even if there is a person pushing refresh button to clean up the spam every 15 minutes or so 24/7... These days spammers don't bother to register under 1 email and 1 user name, they register 1 account to post 2-3 messages, then register another one, and another one, and so forth...)
This is of course, not an excuse for the administrator, but I constantly learn from this experience.

You're always welcome to contact me (via private messages) about any issues/questions you may have.
As practice shows, your feedback is crucial in building a better forum.

Best regards,
Edward

[jack mason]

Yes, this is a new development, which we've implemented in order to keep threads clean from spam.
Just a few numbers to show you the real picture behind the curtain: without this implementation we all will be dealing with approximately 150 spam comments a day in various threads. Needless to say it won't be possible to read any threads without scrolling though spam comments..

That's a pretty serious amount of annoying & unwanted traffic Edward. Thanks for informing everyone, I'm sure it will go some way towards putting into perspective how relevant the monitoring of newer members posts are.
I for one would prefer my initial posts be delayed a short while in trade-off for capturing & deleting that amount of unwelcome garbage.

It's a really annoying & frustrating issue on most forums, especially financial/trading related sites. I think one of the main reasons this particular thread (& site) has become so popular among contributors is due to the fact it's not spammed by system peddlers, guru's or trouble makers.
I love the fact I can contribute, read & interact with likeminded people in a better quality, more mature environment.
There are forums out there (which shall remain nameless lol) inundated with clueless kids, trolls & guru's who make browsing & interacting really hard work & off putting.

At least yours is a pleasant place to visit & in my opinion anyway, is marshalled pretty effectively if you're managing to catch those kinds of numbers in your net.
Keep it going & thank you for providing a troll-free, kid free zone to share interesting & informative information & extremely high quality analysis!!

[kipper]

Moving along a few days since the last update of these 2 pairs we find eur/gbp consolidating this previously highlighted S&R zone at the 80.50 after dropping further driven by further fear on the back of Greek & French election results (& potential repercusions).
This current support zone hails from 2010 & the next possible area's I have noted on any further bearish action are weekly lows going back to 2008 at 78.0 - 78.50


nzd/jpy has also made good progress on the short side & is currently only 70 odd pips from next target at the 62.30-60 area.
As with eur/gbp, it offered another short opportunity yesterday for those inclined to take it, after pulling back & hooking down on the 1H chart.
The approach to & break of yesterday's lows would offer little resistance to next level S&R.

[Sarah Foster]

Moving along a few days since the last update of these 2 pairs we find eur/gbp consolidating this previously highlighted S&R zone at the 80.50 after dropping further driven by fear on the back of Greek & French election results (& potential repercusions).
nzd/jpy has also made good progress on the short side & is currently only 70 odd pips from next target at the 62.30-60 area.

AUDJPY also falls into that category too kipper.
I mentioned about this time last week that I was happy trading short in line with the continuation potential & looking for the next downside targets.
We're now in touching distance of that 80.50 zone & should more than cover it by end of business today if it hits it's current ADR.

I've re-scaled my trade sizes accordingly to account for any potential volatile price swings this week on the Yens, but am still trading the pairs which are honouring the dominant bias & technical set ups, such as AUDJPY, which has arrived at the next important technical area of 82.30-50 mentioned back on the 10th & 11th April by 2Taps & kyle.

[shona123]

Price has broken through a key s&r zone late last week, pulled back & found bids.
The usual technical setups & triggers are now in play via pullbacks to strong supports and/or continued bullish activity for a run to test the March highs.

[kipper]

nzd/jpy has also made good progress on the short side & is currently only 70 odd pips from next target at the 62.30-60 area.
The approach to & break of yesterday's lows would offer little resistance to next level S&R.

It broke through Monday's lows & has arrived at that next zone of identified S&R.
I have the next logical area of likely technical support marked up at 60.60-61.0 which acted as both resistance & then flipped to support during December of 2011.

Monday's lows back towards 63.20 is now the first intra-week resistance zone followed by yesterday's highs at 63.70.
Until that area is taken out, I'll continue to short rallies via the usual hook & price signals + breaks of fresh lows if pullbacks are too shallow & I can obtain acceptable levels to slot my stop loss/risk.

[2Taps]

I've been following this GBPAUD long trade you put up at the beginning of May strobe, & see it's just made it up to that next pre-identified s&r level at 1.0640 before encountering resistance into today's New York session.
That's another great piece of live analysis to add into the mix from you guys.

The thing I like most about all this is, the structure & framework set ups are all the same. The only variation is the actual trigger & risk deployment.
But even this one signalled 2 big, clear hourly hooks after you posted it up, including that pullback entry on Monday afternoon (gmt) off the 1.5860 level & plenty more 15 minute triggers last week if your risk was slightly more aggressive.
I'm really loving all these different pair variations too.
It adds a lot of confidence that the framework & structure can be traded comfortably & easily right across the currency spectrum.

And we can thank the rate reduction from the RBA this morning guys for offering a little backwind for those trading Aussie based pairs in line with the dominant trend & accompanying technical confirmatory indications.

Same deal with any further pullbacks from current prices.
Get our basic setup criteria lined up (dominant bias/stochastic hook/available ADR), ensure acceptable risk placement & pull the trigger.

[strobe]

I've been following this GBPAUD long trade you put up at the beginning of May strobe, & see it's just made it up to that next pre-identified s&r level at 1.0640 before encountering resistance into today's New York session.

The thing I like most about all this is, the structure & framework set ups are all the same. The only variation is the actual trigger & risk deployment.
But even this one signalled 2 big, clear hourly hooks after you posted it up, including that pullback entry on Monday afternoon (gmt) off the 1.5860 level & plenty more 15 minute triggers last week if your risk was slightly more aggressive.

Hi 2Taps,
Yeah it's been a pretty smooth ascent off that last s&r zone at 1.5650-5700
Moving averages were mirroring the clearly very bullish price action leading into 5650 & as you noted, the hooks were quite clean & obvious. I've found that if you focus on the pairs displaying very obvious trend/bias behaviour, moving off clear support & resistance zones you don't tend to get caught up fighting rangebound price action & becoming whipped around so much. You'll also usually get very acceptable stop-loss placement above/below swing points on both 15 minute & hourly chart levels.


Price has also rejected this next resistance zone up here at the 1.0040-70 zone today on usd/cad that xerb alerted everyone to back at the beginning of April (page 54). I've marked an asterik on the daily chart where he last posted it up.

Those currently long that pair (based on the 4 & 1 hour set ups), would have had plenty of time to prepare their options as price began displaying typical neutral bar behaviour (spinning top/inside bar/) on the approach & rejection of the level. It has also covered it's ADR for the day too, adding confirmation of the neutral/exhaustive price action

[kyle morgan]

Price behaving according to plan again this week as it's breached, pulled back & moved away from the highlighted zones in trend mode on all of the pairs highlighted on this page, once again offering entries via the typical set ups & triggers.

The only one that's failed to kick on so far during the week is gbp/aud.