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by Ashraf Laidi
Posted: Jul 2, 2009 13:15
Comments: 108
View Hot-Chart
This thread was started in response to the Hot-Chart:

NZDUSD Eyes Sub-0.63

 
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forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 28, 2009 15:21
Guys watch out for the AUD/USD today, if it closes today below 0.8260, a shooting star candle will be established., combined with double top in the daily chart. Very bearish

Dima
houram
Vancouver, Canada
Posts: 55
15 years ago
Jul 27, 2009 14:33
I am also short GBPJPY, guess we have to wait for the US GDP.
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 27, 2009 11:59
As far as I remember he still sticks to his 1.3850 target till the end of July. At least that was the last I've heard. ;)
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jul 27, 2009 11:57
Hey, Steven
I have the same feeling.
Any kind of bullish or bearish market will have some corrections. We have had the correction since June. I don't know Ashraf is talking about next correction in a few weeks or present correction is not over yet.
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 27, 2009 11:38
Hi Ashraf and all,

I'd like to go long on EUR/USD and Aussie yet feel i have missed the boat on this round. Listening to Ashrafs comments on Bloomberg last friday there is anticipation of a dramatic pullback for the likes of Cable in the medium term? Im currently short GBP/Yen, NZD/USD, Aussie/Yen.

Thoughts anyone?

Regards
Steven
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 27, 2009 11:14
NZD eyeing 66 level against $....
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 27, 2009 10:54
btw for this to convince me this is a head ill be looking at 1015 resistance (fib level) but really 1120 would be a lovely head, this previous head seemed more like an aberation created through a rally/bounce off the top trend line and retest then of fibonacci support ie sel fulfilling prophecy of traders trading the levels without any REAL conviction.
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 27, 2009 10:51
i was never convinced this was a true H&S anyway. The trendline from march shows a classic sideways action back through the tramlines then a recovery (last 10days) back into the tramlines testing the upper trendline again. now i think this is the start of a REAL head forming now that the left shoulder has garnered support.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 25, 2009 16:42
raulin, I dont follow jerry furst, but my own analysis (as well as many credible tech specialists) agree the neckline support in S&P500 was 877. Weve spoken about this in length over the last month. We're tralking abt the closing prices, here, not intraday.

Ashraf
raulin
london, UK
Posts: 65
15 years ago
Jul 25, 2009 14:37
Except neckline was at 885 call it 880 at lowest ....there is no doubt about this. It is clear to see on charts if you doubt me see ref corey rosenboom excellent "afraid to trade " site also Jerry Furst on fxstreet (he is a proponent of h and s ).I think you have to be very careful to trade this pattern alone .....
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