@JAkpayen,

From what I have seen about GU, I think next week could see 1.5850 resistance hold sending it down. Remember that the 1.5650 support had been voided earlier.

Just like you rightly said, next week will tell. EU is giving me mixed signal.

Kashif:

@honeric01, you sound depressed and discouraged. I don't know what has gone wrong but just like martog has said, you need to dust up yourself and get going.

Work on yourself some more, and you will have a cause to look back and smile.

Meanwhile guys, the pressure on EUR does not seem to have cleared. If anything should happen to Spain then, a major southward move is sure.

GU looks like it is bracing up for a decent downtrend. Is anybody seeing what I am seeing (H4 and daily)? But, if it breaks above 1.5850 then, we could be having another picture all together.

Thanks bro, well i have not traded (full time) for a while now, been under some intense pressure and trading in that kind of period is not advisable, but i should be bouncing back by next year (By God's grace), preparing myself in all ramifications.

I believe GU is going to see 1.53/54 next week, it's very clear, but at the same time 1.60xx is not ruled out too, with the way GU moved this past week, i am more for the former than the latter.

JAkpayen:

@honeric: I feel the pain, don't worry it's just patience for a moment then the comfort will be unprecedented.

Thanks bro, i am not giving up, at least not now that i have gone too far from where i started from.

Kashif:

EU is giving me mixed signal.

The mixed signal is as a result of what is happening on USDCHF. If eventually USDCHF goes bullish, then expect EU to go down. Just keep a close tab on USDCHF.

Did anyone notice the spike in price for EU and USDCHF?

JAkpayen:

Did anyone notice the spike in price for EU and USDCHF?

These two do not have close inverse correlation. UCHF is not known to directly influence EU. (I earlier lost my posting privilege).

I think its time to sell CHF!

^^^^

I think so too, 0.98/99 is my target.

Kashif:

These two do not have close inverse correlation. UCHF is not known to directly influence EU. (I earlier lost my posting privilege).

From my research, I have found that both pairs are highly correlated but USDCHF cannot influence EU. The price spike on EU was caused by the confluence of the daily low of 1.3179 on 10th Dec and weekly low of 1.3165 for that week which resulted in the uptrend since there was no major news yesterday.

Sorry for losing your privilege, I hope it's fully restored now.

@JAkpayen, good as long as your analysis works for you. That algorithm is a little tough for me to follow (my brain no sharp again)  The privilege is fully restored, thanks.

@ honeric01, good you routed for UCHF. At the time of my analysis, UCHF did not have a distinct entry so I went for GCHF instead (GBP could be finding support in some quarters). Let's enjoy the ride and see how it plays out. Cheers!

^^^

Bro, to me 9700 first, before 98

Watch out for these pairs for tomorrow's trading:

1. EURUSD - Strongly bullish

2. AUDUSD - Strongly bullish

3. USSDJPY - Strongly bearish

JAkpayen:

Watch out for these pairs for tomorrow's trading:

1. EURUSD - Strongly bullish

2. AUDUSD - Strongly bullish

3. USSDJPY - Strongly bearish

Invariably suggesting weak dollar? Lets see how this plays out but I would rather sell EUR and AUD against the greenback on rallies.

Hello guys,

I just stumbled on this arena in Nairaland forum and I've just given out a Short trade on gbpusd which has made 62pips already. I'll keep u posted on the subscequent ones. Have a wonderful weekend.

And u can always get my trading alert signal on my facebook: www.facebook/wale Adekoya .

honeric01:

^^^

Bro, to me 9700 first, before 98

Cashed in at 9720

It was a pips-full day yesterday especially for swing traders on EU.

honeric01:

Cashed in at 9720

Good entry point, still hold on the position for a few days and you'll be smiling all round.

solosamste:

Hello guys,

I just stumbled on this arena in Nairaland forum and I've just given out a Short trade on gbpusd which has made 62pips already. I'll keep u posted on the subscequent ones. Have a wonderful weekend.

And u can always get my trading alert signal on my facebook: www.facebook/wale Adekoya .

That's wonderful. If you have enough money, just 'load the boat' with as many lots as possible because the GU is set for an uptrend but remember to protect your profits.

Kashif:

Invariably suggesting weak dollar? Lets see how this plays out but I would rather sell EUR and AUD against the greenback on rallies.

I paid dearly for relying on my emotions, so now I am mechanical and non-emotional in my trading style. I follow my trading system to the last command.

^^^^^^

 After what happened to me, i just decided to go into the market again this week with a very small (live)capital and it surprised me that i was able to maintain a 100% return on it. i used FBS and i traded UCHF, EU, GU, EJ and UJ. very funny that my $3k demo account with sparenfx just turned to $11k lol, sometimes i feel like i underestimate myself, dunno why, i haven't done badly for a while now.

As for why my spirit went down, still pains me that i allowed what happened happen.

honeric01:

^^^^^^

 After what happened to me, i just decided to go into the market again this week with a very small (live)capital and it surprised me that i was able to maintain a 100% return on it. i used FBS and i traded UCHF, EU, GU, EJ and UJ. very funny that my $3k demo account with sparenfx just turned to $11k lol, sometimes i feel like i underestimate myself, dunno why, i haven't done badly for a while now.

As for why my spirit went down, still pains me that i allowed what happened happen.

Do not feel despair, the strength of a genius lies in igniting his own fire himself.

I think it is too early to buy GU; I still see a downward bias. Caveat emptor! (I have been wrong before).

The lowest i see GU going this week is 1.53xx, i can see a retest of 1.58/59 soon.

honeric01:

The lowest i see GU going this week is 1.53xx, i can see a retest of 1.58/59 soon.

That is what I am saying - 1.53xx is some 200pips away so, going long at this point could have you sitting and sowing pips, instead of reaping. A retest of 1.58/59 may not come soon. In as much as the southward move appears to be stalling today, 1.5320 area is still a possibility.

honeric01, good to see you bouncing back. We learn everyday.

EU , reversal around 1.3054 area, reason? double bottom on daily,then other reasons that has to do with support and resistance.Get ready  for north journey big time.
If the target is not reached with accuracy,and trend is up,then dance with the market up.

Trade with care!

Merry xmas to u all

^^^^

Happy new year to you too and the rest,

May we all recover this year and may our cups run over.

Jeudick:

Hello all,EU hit the 1.3054 target down and has been up since.Now there is a pull back,when its over,the north journey will resume.

Trade carefully.
HAPPY NEW YEAR!

Is it 1.3054 or 1.3154 for an uptrend? I foresee 1.3154 for today to go long.

Hi guys, whatzup?

jamace:

Hi guys, whatzup?

We dey. Guess guys are with the market and