10.6 EDSEL

Post by **nanningbob** » Tue Mar 25, 2014 10:39 pm

Today is meet the parents day with the new owners of my school, so busy day and wont be around much. However, here is a pic of a quick study gbp and the aud. They basically run opposite of each other on the daily CSS.

Post by **astral77** » Wed Mar 26, 2014 12:01 am

All the best. I know as an educator you love to teach but the administration of a school for an expat in China is just too much for most people. I do not know how you managed for such a long time.

The best thing I like about selling xxxAUD or xxxNZD is the long term benefit of +ve swap. Can make you a fortune in the long run.

Kind regards

Post by **alorente** » Wed Mar 26, 2014 7:20 am

Here is an interesting feature of TSI. As you can see in the chart, TSI forms nice head and shoulders patterns ocasionally that are not as visible on the price chart. You can see what happened to price when the neckline was broken in TSI a few days ago. You can now see another Head and Shoulders pattern forming. If it breaks the neckline, a juicy drop may ensue. It is important to look for these formations in TSI.

Post by **alorente** » Wed Mar 26, 2014 7:28 am

I was a bit too early on the AudUsd short yesterday. As you can see, price decided to bring the H4 and H1 TMAs above the D1 which is completely normal. 10.6 was flashing Green for Buy only. That is why it is important to wait for 10.6 to also signal a drop before jumping in. The combination of 10.6 and ExtremeTMA is a good one. All the other short potential moves I mentioned are still valid if and when 10.6 agrees.

fok · Post by **fok** » Wed Mar 26, 2014 8:03 am

alorente » Wed Mar 26, 2014 7:28 am wrote:I was a bit too early on the AudUsd short yesterday. As you can see, price decided to bring the H4 and H1 TMAs above the D1 which is completely normal. 10.6 was flashing Green for Buy only. That is why it is important to wait for 10.6 to also signal a drop before jumping in. The combination of 10.6 and ExtremeTMA is a good one. All the other short potential moves I mentioned are still valid if and when 10.6 agrees.

AUDUSD sell would be against CSS daily/ 4h, both tf showing AUD strength/ USD weakness.

Post by **alorente** » Wed Mar 26, 2014 8:15 am

fok » Wed Mar 26, 2014 9:03 am wrote:
alorente » Wed Mar 26, 2014 7:28 am wrote:I was a bit too early on the AudUsd short yesterday. As you can see, price decided to bring the H4 and H1 TMAs above the D1 which is completely normal. 10.6 was flashing Green for Buy only. That is why it is important to wait for 10.6 to also signal a drop before jumping in. The combination of 10.6 and ExtremeTMA is a good one. All the other short potential moves I mentioned are still valid if and when 10.6 agrees.

AUDUSD sell would be against CSS daily/ 4h, both tf showing AUD strength/ USD weakness.

Yes. Against CSS and against 10.6.

rostaus · Post by **rostaus** » Wed Mar 26, 2014 9:29 am

alorente » Wed Mar 26, 2014 1:23 am wrote:GbpCad is a sell. I¨am short and expect it to move in the next few sessions to the lower band of D1 around 1.81

EurCad is also looking good except for the D1 slope still at 0.33

Thanks for the EG tips Al, just got back in after the rise to the centre. CSS\10.6\TMAMFT combined are a deadly weapon

together really compliment each other. Appreciate your TMA tips and your time spent advising. Do you think GBPAUD is about to go long. H1 and H4 over the D1?

Why would GBPCAD short to D1 and not the H4 line as on previous drops?
I'm using FastTMAlineNRP is that the best version?

Thanks for your help Rob

Post by **alorente** » Wed Mar 26, 2014 9:49 am

rostaus » Wed Mar 26, 2014 10:29 am wrote:
alorente » Wed Mar 26, 2014 1:23 am wrote:GbpCad is a sell. I¨am short and expect it to move in the next few sessions to the lower band of D1 around 1.81

EurCad is also looking good except for the D1 slope still at 0.33
Thanks for the EG tips Al, just got back in after the rise to the centre. CSS\10.6\TMAMFT combined are a deadly weapon together really compliment each other. Appreciate your TMA tips and your time spent advising. Do you think GBPAUD is about to go long. H1 and H4 over the D1?

Why would GBPCAD short to D1 and not the H4 line as on previous drops?
I'm using FastTMAlineNRP is that the best version?

Thanks for your help Rob

Yes. EurGbp should go much lower...

GbpAud cannot be touched to the long side with the H4 TMA at -046. Remember the 0.25 to -0.25 threshhold... The correct thing to do here is wait for it to rebound to the broken Head and Shoulders neckline around 1.81 to 1.82 and then go short again for another 500 pips probably. Wait for TMA and 10.6 to indicate the reentry time.

GbpCad. Yes, you are correct that first it will hit the bottom H4 line, then maybe bounce to centerline of H4 and then drop to the bottom of D1 or lower. I am holding it though. I don´t mind a rebound to centerline.

Post by **alorente** » Wed Mar 26, 2014 10:17 am

alorente » Wed Mar 26, 2014 8:20 am wrote:Here is an interesting feature of TSI. As you can see in the chart, TSI forms nice head and shoulders patterns ocasionally that are not as visible on the price chart. You can see what happened to price when the neckline was broken in TSI a few days ago. You can now see another Head and Shoulders pattern forming. If it breaks the neckline, a juicy drop may ensue. It is important to look for these formations in TSI.

EurUsd is in the process of breaking the TSI Head and Shoulders mentioned before. If it goes, watch it drop...

Post by **alorente** » Wed Mar 26, 2014 11:53 am

Take a look at this chart. This is exactly the way I see it. If it happens, there is a lot of money to be made here...

http://www.efxnews.com/story/23488/has- ... chart-citi