thillygoosth

thillygoosth

Dollar approaching that area I had mentioned. Still very bearish obviously, UJ and uchf extended down in the zones below, Uchf at my 1.236 extension right now, which is really the level I did not want to see it break, and keep in mind CHF news tomorrow. I have not seen anything I felt like entering up to this point. and obviously the pairs that may be most...

thillygoosth

When you see this kind of price action for this long on the daily/weekly, somethings up. Especially where it counts out on the impulse up... Similar concept with EJ. Echf can come down from anywhere really, but if I see it do that to trendline, I'm all over it. Regardless, when it goes downside will be fast. Watch EU, if US dollar corrects and EU comes down to...

thillygoosth Updated 

The dollar has been extremely bearish obviously. Gold has been shooting up. But I want point out where the dollar is at exactly. That blue box is equal measurement to wave 1 if you count this out as 5 wave from the top. Wave 3 would be extended and waves 1 and 5 would tend toward equality, just a little guideline. Not in stone. You see my fork line it is about at...

thillygoosth Updated 

If you took the sell and held, noticing the bull trap, bravo, Wasn't much of one anyway, this was pretty clean cut. It measured out equal length for wxy right at the 618 retracement from last high to low, as it just broke out of fork in a diagonal pattern... Yum. I said I was looking for it to retest the high at the beginning of diagonal (Green line). However it...

thillygoosth

With the pattern this is in I would expect it to come at least retest the high of the diagonal at fib and fork median to hold sells in a little longer. This would just be a scalp for now.

thillygoosth

UJ looks to be making a diagonal, I could see this happening. Look for it to swing 7 from the top. That is the 618 below it.

thillygoosth

Obviously the dollar is bearish today. But Uchf is an example of why I am not ready to consider the dollar's longer term downtrend to be in continuation yet. Uchf is at equal length to "A" and at fork. You see the 618 level just below. Looking at this on the weekly several different ways playing with trend lines and structure, I can see it making another leg up....

thillygoosth Updated 

EU just broke the high and ran into my weekly pitchfork line with equal measurement to leg one breaking trend line. It is possible that it comes down to low of larger correction from here, but that is just 1 possibility. May just retest the 120 level or the high it made there. If it is going to come down for a larger pattern, this is the zone it will do it from,...

thillygoosth

Forgive the messiness of my chart. AU is at a strong level with divergence up to daily. As far as entry, It could spike or form a diagonal and I won't be watching it. 15 min macd shows divergence right at the moment, but I don't like to call a trade this time of day, but you see the room to the pitchfork. NU also at .618 when measured from wick to wick (top to...

thillygoosth Updated 

I posted this one, pointing out that it retested the trend line after making a small flat, which to me is confirmation on sell, As far as targets, I will update. Audchf and nchf both looking downside. At least 1hr TDI is showing more room down this morning. These pairs can really consolidate and take forever though so keep that in mind

thillygoosth Updated 

There is huge risk to reward on this trade if we get an X-W-Y for it to swing up. I am not buying it now. Might consider a limit order tomorrow morning depending where price is. Similar concept to Ucad. Hopefully you can see that the 618 retracement level lines up with an equal leg measurement of the correction it is in and also possibly with the pitchfork. There...

thillygoosth Updated 

NU still has room up to the 618 and it is coming off the 50% fib now. Overbought on daily TDI. They can always drive up more in a smaller diagonal or spike. We may only get a small sell from here, but I am looking for at least a deep retracement (maybe 50-62% of 5 wave possibly much more) from this supply zone on the daily. The risk to reward I'm showing is no...

thillygoosth

If trading this diagonal you would look to the high that I circled... However, light news and bearish dollar today at least. Considering that and GN, GA, EN, EA,...Audchf and Nchf do have the potential to consolidate and drive up further so use caution, but they are definitely showing price action and those money fibs to turn

thillygoosth

Once UJ broke the 618 and then the low it changed things probability wise. I posted a look at the level and zone I originally anticipated buying UJ, but the pattern it made and the time it hit this zone doesn't over excite me. I am sorry I did not update sooner, in the near future I will be at my desk trading full time and will keep you better updated.

thillygoosth

Showing some price action and divergence in this wave up making me think there may be a nice sell scalp in london tonight. That would depend on some different things. I will be asleep. I see more upside but a correction looming. if you don't feel comfortable or have a strategy for this type of trade stay away.

thillygoosth Updated 

Looking for EA to retest the 153500 level considering the pattern, might make it to 155. I'm not a fortune teller. May give us a bigger wick out of trendline. That's possible.

thillygoosth

Next time I'll just stick to my original analysis, wasn't expecting that sharp a move to hit this level fork and fib in time. That is the 200 MA on daily. It can still go down. It can also pull up 1 more time and do a 7 swing down but that 200 on the daily and pitchfork is an entry point. Price should reat. My question is will it make a small shoulder and go down...

thillygoosth Updated 

The fact that UJ retraced so high the first time suggests a flat pattern not a zig zag. If it was to continue down I would be looking at a 7 swing double 3 pattern but it just doesn't have that look to me. If this is wave 2, a flat pattern would be more probable than a triangle. It retraced 62% before wicking and moving up. My point.... Possibly huge buy that...