Monday 22 June 2015

June 22, 2015









10 comments :

  1. I know you've just exited your EUR longs, but funnily enough I was just thinking about going long.!Retouch of the bull flag? I noticed my bull flag was different from the one you posted a while back. If it breaks down the red line, I'm out.

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  2. That's a good one but I wouldn't hold my breath on that. I would probably play for a bounce take my profits and run :)

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  3. Yup, didn't last long! :D

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  4. To add to your AUD analysis, currently there's a great fight between Orange and Green going on. Currently reversed at inverted H&S setup near the green bottom.

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  5. Steve,
    These are not channels, at least not according to my set of rules. Both have so many breaches on upper and lower bands. This is exactly what I show in mentoring sessions.

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  6. I guess they (the orange in particular) are more support / resistance lines that just happen to run in parallel, but the green one looks like a potential channel to me as it has only had one small breach to the upside (if you ignore where I've accidentally left the top extended too far back in time). Anyway I thought I'd share it just in case it helped anyone or prompted some ideas.

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  7. Bouraq would you still recommend long oil for a 2~ week horizon?

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  8. The answer is I don't know Jon. It's very choppy and I don't see a clear sign at the moment. I'm waiting for it to clear the clouds.

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  9. What I was trying to say is; if you let too many undershoots and overshoots in your analysis, your entries become too sloppy which leads to too large stops or getting whipsawed continuously. This is just an advice no critic from my side Steve.

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  10. Wholeheartedly agree. :) Thanks for all your work Bouraq. Highly educational and very, very useful. Excellent stuff.

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