rufffen - fx and spot gold trades

2006-08-05T11:10:00.000-07:00

UPDATE LAST WEEK P/L STATEMENT: +426 pips per one lot on all currencies with GBP and EUR losses accounted for. Check the MTEC THREAD FOR NEW SETUPS AND UPDATES. THANKS!

2006-07-29T17:07:00.000-07:00

First setup for next week Pending BUY ORDER USD/CHF BUY WINDOW 2270-2290 SL2240 TP1 2480PS: revised BUY window, since it aligns with other currencies better.
Second setup for next weekPending BUY ORDER USD/JPY BUY WINDOW 113.80-114.20 SL 113.50 TP1 116.40Yen looks like extending losses towards a stronger resistance and bound for 114.00.Id expect markets to turn soon but not just yet.PS: Updated BUY WINDOW.

Third setup for next weekPending BUY ORDER CHF/JPY BUY WINDOW 92.65-92.75 SL 92.50 TP1 93.60Most setups are YEN crosses, HOWEVER don't forget about AUD/USD and EUR/AUD pending setups

Setup number fourPending BUY ORDER EUR/AUD BUY WINDOW 6450-6490 (revised) SL 6410 TP1 6860. However, BUY WINDOWN might be revised towards 6580, wait for updates on this item and AUD/USD.
Setup number fivePending SELL ORDER AUD/USD SELL WINDOW 7700-7740 SL 7780 TP1 7200 That's about it for next week, this week Im done here guys, enjoy your weekend and lets crack it next week!Update on majors over weekend.

Setup number sixPending SELL ORDER GBP/USD SELL WINDOW 8680-8730 SL 8770 TP1 8410This will be updated at market close today.

SETUP number sevenPending SELL ORDER EUR/USD SELL WINDOW 2790-2820 SL 2840 TP1 2620Update market close today.

2006-07-29T16:58:00.000-07:00

BIG UPDATE! I was VERY BUSY researching new techniques and trading past 2-3 weeks, I always update my thread with trade setups at MONEYTEC, please visit frequently or subscribe for free updates.

Last week thread results: about 200 pips per lot on currencies and 38 points on SP500.

I will post new trades for next week here too.

2006-07-17T11:35:00.000-07:00

UPDATED THREAD TOTAL PER ONE LOT, ALL LOSSES INCLUDED: + 1 306 pips since 07th July 2006. See details here.

2006-07-17T10:45:00.000-07:00

UPDATE DAILY EURO. As you can see, although it's slightly revised, the UPSIDE has more potential now, compared to downside, where I see any EURO losses capped at 2400.

2006-07-17T10:26:00.000-07:00

OK, lets look at the past EUR DAILY chart first. Way I see it A/B/C correction is complete now, and uptrend CAN resume. Lets wait and see if current levels provide good support and from that point onwards Id trade EUR NORTH, as long as the levels hold.

Now looking at CABLE CHART, way I see it is triangle SUP/RES setup broke SOUTH, and quite possibly this item will reach 7800 levels SOON, breaking monthly SUP ZONE2. However, there is a FRACTAL on that item pointing NORTH, so lets see how the scenarios work out.

Currently Im LONG both EUR and CABLE, however if the SOUTH SUP levels crack Ill reverse my position SHORT. CABLE TARGET is 7800 EURO TARGET is 2200 initially, and maybe sub-2000 later in time.

2006-07-17T08:22:00.000-07:00

2006-07-16T14:06:00.000-07:00

NEW trade setups for the coming week.

2006-07-16T14:04:00.000-07:00

GBP/USD 1 hour chart with updated targets for SHORTs and SL levels

2006-07-16T05:27:00.000-07:00

Cable 1 hour update, looking good to take a SHORT trade at the top 8470-8520

2006-07-14T16:16:00.000-07:00

This week performance, updates in the thread here:

Didn't count the latest trade on cable, was goot for +80, but that's nothing I guess.

Trading EUR/USD GBP/USD EUR/JPY GBP/JPY and some secondary currencies, XAU spot gold best idea is to refrain for now, since the conflict escallation can take it for a WILD range, Im flat on GOLD, a few of my good friends busted their accounts trading GOLD this week.

TRADE1
EUR/JPY + 180
GBP/JPY + 160

COUNTERTREND TRADE 2
EUR/JPY + 172
GBP/JPY + 184

TRADE3
EUR/JPY - 80
GBP/JPY - 100

AUD/USD SHORT1 - 60 two trades, holding one long now

EUR/CHF +10 pips

EUR/USD

+107 since sunday

GBP/USD
+123 since sunday

USD/JPY

-90 since sunday

USD/CHF

+143 since sunday

TOTAL since sunday:
+ 809 pips per lot

2006-07-14T16:14:00.000-07:00

WEEKLY USD/JPY setup.

2006-07-14T06:35:00.000-07:00

USD/JPY 4 Hour chart, as long as 11680 holds, we will see 11490 11390 in the near future.

2006-07-13T08:08:00.000-07:00

Potential setup on 1hour EUR/JPY, with confirmed X/A/B points, need C around 145.40-145.60 with reversal to try a small long (150 pips) for 147.00-147.20 and then reverse SHORT from that area for 146.00 (100 pips)

2006-07-12T13:28:00.000-07:00

EUR/JPY setup to go SHORT from 147 levels.

2006-07-11T13:39:00.000-07:00

DOLLAR INDEX 4 HOURS CHART.

2006-07-11T12:15:00.000-07:00

XAU SPOT GOLD PATTERN, 4 HOUR, REVISED, Since we broke 640 levels today 660 is an option now, looks like the BAT morphing into a bearish gartley pattern here. BEST idea is to wait and BUY low after a retrace SOUTH.

2006-07-11T12:00:00.000-07:00

15th, 19th, 23d of July are next turning point on XAU spot gold. Next resistance is 664 and 689 and 712. Im still looking to short XAU, just need a bettern entry price now.

2006-07-11T11:54:00.000-07:00

NEW UPDATED BUY/SELL SCORECARD for 12th July. Today XAU spot gold got overheated, cause of the Indian situation, and the currencies were driven by XAU price action. XAU trade stopped out for -6 since Sunday.

2006-07-11T11:24:00.000-07:00

EUR/AUD possible setups on 4 hour charts, I got two possible alternatives, so lets wait and see what price action does around 1.6860-1.6900

2006-07-11T11:04:00.000-07:00

EUR/USD 1 hour chart updated setup, SELL WINDOW.

2006-07-11T10:19:00.000-07:00

CABLE 1 HOUR CHART UPDATE, price still deciding direction.

2006-07-11T06:43:00.000-07:00

USD/JPY possible setup on weekly chart, lets wait and see how it goes.

2006-07-10T17:13:00.000-07:00

New trades and performance scorecard updates at M-Tec thread here
Update it end of US session and post week results Friday/Saturday

2006-07-10T17:12:00.000-07:00

TUESDAY UPDATED TRADES SCORECARD

2006-07-10T16:55:00.000-07:00

AUD/USD Daily setup, look to go long after any decent retracement, targets on the chart.

2006-07-08T17:06:00.000-07:00

Another exteme cable WEEKLY setup, this one is unlikely, but so far X/A/B/C ratios are there for a proper setup.

2006-07-08T17:03:00.000-07:00

2006-07-08T16:33:00.000-07:00

CLN4 hour chart, possible setip for $4 trade.

2006-07-08T15:04:00.000-07:00

EUR/USD updated analysis.

2006-07-07T19:55:00.000-07:00

AUD/NZD update: Im currently revising my setup for SOUTH journey, I could see at least 600 pips potential on that move, however Im still working on it. Update Sunday.

2006-07-07T18:05:00.000-07:00

EUR DAY simple A/B/C/D pattern confirming potential reversal off the top now, however likely to retest 2875 area first before heading SOUTH. SL remaind the same for now.

2006-07-07T17:05:00.000-07:00

TRADE UPDATE USD/CHF (NEW):

LONG USD/CHF NOW or at 1.2140 SL 1.1920 TP1 2600 TP2 3040 TP3 3800 TP4 5080
This trade could be good for 400/800/1600 pips per lot. TP4 is long time trade.

2006-07-07T16:56:00.000-07:00

TRADES NEXT WEEK: Please download PDF file with details below, thanks!

SHORT EUR/USD NOW (2800) or at 2880 SL is 2940 (spike) TP is 2540 (260 pips)

SHORT USD/JPY NOW (113.40) or at 114.60 SL is 116.60 TP is 110.40 (300 pips)

SHORT EUR/JPY NOW (146.00) or at 146.60 SL is 148.00 TP is 136.00 (1000 pips)

SHORT GBP/JPY NOW (210.90) or at 210.40 SL is 212.40 TP is 207.00 (300 pips)

SHORT GBP/USD NOW (1.8510) or at 1.8660-8680 SL is 1.8780 TP is 1.8200 (300 pips)

POSSIBLE RELATED COMMODITY TRADE:

SHORT SPOT GOLD NOW (628) or at 636 SL 642 TP 560

2006-07-07T16:51:00.000-07:00

OK, this was posted last SUNDAY, price reached the objective on the exact day I projected. Quote: "Well, time/price squared shows 636 on 7th July".

UPDATE ON SPOT GOLD TRADES:
Long since 616 (posted SUNDAY) TP was 636 +20
SHORT since 636 TP is 580 currently running with +8
Other trades this week included LONG USD/JPY, TP 114.60-114.80 + 120 pips.

Any mistakes or discrepancies please email me @ rufffen@elitemail.org with SUBJECT "Spot Gold and FX trades".

2006-07-07T16:47:00.000-07:00

OK, update on trades posted earlier at ASIAN session,

UPDATE on posted trades:

EUR SL hit - 70
GBP SL hit - 80
EUR/JPY +80 (I got in early +110) holding
GBP/JPY +60 holding
SPOT GOLD +4 holding
EUR/CHF holding SL moved to 1.5600 TP is 1.5770 -30 now

NEW Trade (not in PDF) SHORT AUD/NZD NOW OR (1.2320) SL is 1.2380 TP1 1.2240 TP2 1.2180 TP3 is 1.2080 TP4 is 1.1860. Last up to 3 months.

Previously posted trades:

SHORT EUR/JPY NOW SL 147.80 TP (revised target1) 136.00 Can take GBP/JPY SHORT too
SHORT EUR/USD NOW SL 1.2840 TP (target1) 1.2660 1.2540 1.2400
SHORT GBP/USD NOW SL 1.8480 TP 1.8200
LONG EUR/CHF NOW SL 1.5660 TP 1.5780
SHORT SPOT GOLD NOW SL 638 TP 530

Update SUNDAY.

Have a good weekend and a profitable trading week!

2006-07-07T16:46:00.000-07:00

My recommended daily trades for next week, including EUR/JPY EUR/USD GBP/USD and others, please download PDF file here (700Kb).

When prompted click FREE and enter five digit code in the box above.

2006-07-07T16:43:00.000-07:00

AMAZIN USDX JOURNEY UPDATE: USDX will make another new low around 8430 area and then have a sharp rebound. Im currently looking for possible reversal days. Update over weekend.

2006-07-07T13:04:00.001-07:00

OK, and if the the things were not complicated enough, here's a Gartley setup on Weekly USD/JPY with confirmed X/A/B points, now that one shows us we're heading for 118? Ill be looking at various options, update Sunday.

2006-07-07T13:04:00.000-07:00

2006-07-07T12:45:00.000-07:00

USD/JPY DAY pattern, this one is pointing that USD/JPY will be trading at/near 110 levels soon, now Im really confused since it doesn't go too well with the EURO going into the downtred? EUR and YEN and go into the downtrend together!

Ill look at this one chart over the weekend, Ill see what the technicals are saying now.

2006-07-07T11:45:00.000-07:00

EUR/JPY trade setup, we are currently at lower median line of upwards fork, but this time this will probably crack. Ill hold my shorts for now, I think the retrace to 55 level is overdue, but, lets wait and see.

2006-07-07T10:50:00.000-07:00

Cable 1 hour chart, price currently floating above median line, so it could mean further upside if 8555-8575 is broken, for shorts I look for break below 8475.

2006-07-07T10:30:00.000-07:00

CABLE 4 Hour ellipse, lets see if that border side holds the price, if 8555 is broken to the upside LONG for 8680.

2006-07-07T09:42:00.000-07:00

Targets for shorts:

Revised target for EUR/USD shorts: 1.2540 SL 2920
Best price to get in is now (2830) or 2880

Revised target on GBP/USD shorts: 1.8260 SL 8710
Best price to get in is now (8520) or 8670

Timewise: 3rd week of July.

2006-07-07T09:28:00.000-07:00

Trades update: Ill try small GBP/USD long SL is 8485 TP 8660 EUR/USD Long SL 2800 TP 2870. If it gets stopped out and reverses south Ill get in SHORT EUR/USD 2780 SL 2880 TP 2500. GBP/USD TP 8400 SL 8580.

2006-07-07T08:57:00.000-07:00

GBP/USD can spike up another 100-180 pips according to that one setup.

2006-07-07T08:48:00.000-07:00

OK guys, if yous SL was triggered on EUR/CHF you could still go long EUR/CHF after euro tops out around 2860-2880 area and go long EUR/CHF for 100 pips SL is 5640. ONLY ENTER LONG EUR/CHF AFTER EURO TOPS OUT! Ill be looking for entries soon.

2006-07-07T08:43:00.000-07:00

EUR/USD Daily pattern, will topout around 2860-2880 area my protective stop is 2920 now.

2006-07-07T08:05:00.000-07:00

EUR/USD Daily Pattern, it will push to 2860-2880 and then reverse for 2540. A better and more clear picture now, you can put SL at 2920 area.

2006-07-07T07:42:00.000-07:00

EUR/USD day update. Cut my EURP losses around 2840-2880 area and wait for 2920 break for 3040. Otherwise hold SHORTS for ride SOUTH.

2006-07-07T07:35:00.000-07:00

EUR/USD DAY chart update. What I see is if we break 2900 we can go for the top at 3040, if 2920 holds we will be back to 2680 levels next 1-2 weeks.

2006-07-07T06:46:00.000-07:00

USDX 1 HOUR forks, if the UML breaks, dips to record lows, below that is a big TA blackhole for USDX so euro could should to 13400 if that doesn't hold now.

2006-07-07T06:30:00.000-07:00

Daily Euro update, close to the median line. If we break through 2480 will revisit 2960 (UML)

Update on Trades: GBP/USD stopped out. EUR/USD -40. EUR/JPY +90 GBP/JPY +85 EUR/CHF -40. Spot Gold +2.

EURUSD SL is 2880 EUR/CHF SL is 5640.

2006-07-07T04:45:00.000-07:00

2006-07-07T04:44:00.000-07:00

Revised Cable 1 Hour chart please click the link

2006-07-07T04:24:00.000-07:00

TRADE UPDATE GBP/USD. SHORT NOW SL is 8460 TP is 8350.
Then LONG 8340-8360 TP 8450 SL is 8320. After that load SHORT trades from the top (8440-8460), Target is 8200.

2006-07-07T03:54:00.000-07:00

CABLE 1 HOUR PRICE containment ellipse, Id say we're topping out now.

2006-07-06T17:32:00.000-07:00

Reviewed target SPOT GOLD SHORT: Short NOW target is 565 SL is 638 (tightened stop)

2006-07-06T17:20:00.000-07:00

Cable is bound for 1.7300 according to this one setup, target is 1000 pips away now. Im short with 200 pips stop.

2006-07-06T16:14:00.000-07:00

UPDATED TRADES:

SHORT EUR/JPY SL 147.80 TP (revised target1) 136.00 Can take GBP/JPY SHORT too
SHORT EUR/USD SL 1.2840 TP (target1) 1.2660 1.2540 1.2400
SHORT GBP/USD SL 1.8480 TP 1.8200
LONG EUR/CHF SL 1.5660 TP 1.5780
SHORT SPOT GOLD SL 638 TP 530

over for today back at UK tmrw.

2006-07-06T15:54:00.000-07:00

EUR/JPY DAILY chart update, Im positiong for a good ride SOUTH and shorting any rallies, the pattern on chart is the wolfe wave, very good reversal pattern, Im confident upside is capped by 147.80 that's my stop levels, now you might want to wait a little before going short, currently trading at 147.20 can and prolly will go to 147.40 maybe 147.60 but that's about the TOP.

2006-07-06T15:00:00.000-07:00

EUR/JPY WEEKLY Chart for reference. Price and Time in agreement, new downtrend will accelerate soon.

2006-07-06T14:41:00.000-07:00

TRADE UPDATE: EUR/CHF LONG reinitiated, target 80 pips from now (5700). Then reverse your position short. Use a stop of 20 pips.

2006-07-06T14:38:00.000-07:00

TRADE UPDATE: EUR/JPY SHORT NOW STOP 147.80 target is 140.00 initially.

2006-07-06T13:38:00.000-07:00

EUR/USD DAY updated pattern, that one definately makes good sense to me, target for shorts is 1.2000 area, let's see if we topout around 2800-2820 area first to initiate any shorts.

Recommended trade is SHORT EUR/USD now or at 2810 SL is 2840 target is 2640 2520 2440 and 2000 if you hold it.

Supplementary to this post murrey levels kindly provided by one of my mates, thank you!

2006-07-06T11:56:00.000-07:00

EUR/USD BUY/SELL LEVELS for NFP day.

2006-07-06T07:11:00.000-07:00

Another attempt to decipher EURO movement, MONTHLY EUR POTENTIAL BEARISH BUTTERFLY pattern could take us SOUTH 800-900 pips and back north for 1400 pips.

Ill post more comments on that one later.

2006-07-06T04:06:00.000-07:00

OK, rates unchanced, now lets wait for ECB, if they will leave rates unchanged we could slide lower to 1.2660-80 area and then to 2620-2640 area. If they do a good hike, we coould see retest of 2820 area soontime. 2700 is a 618 fib levels so would take some effort to break it.

2006-07-06T03:59:00.000-07:00

Got a small short possie before BOE rate decision going now, Id say they will leave rates intact, rates stay the same.

2006-07-06T02:55:00.000-07:00

AUD/NZD got stopped out - 30 pips. Will revise this weekend.

2006-07-05T13:30:00.000-07:00

2006-07-05T13:29:00.000-07:00

2006-07-05T13:27:00.000-07:00

EUR/CHF actually still looking good.

2006-07-05T12:37:00.000-07:00

USDX daily chart update. I still think that this is a valid pattern here, we could decline a little lower, which in turn will allow EURO and POUND to gain more strength mid-term, however long-term slim chance, Id say USDX will RALLY strongly beginning August and till year end.

2006-07-05T12:16:00.001-07:00

Closing EUR and CABLE trades now with profits, let the YEN run for 116 at least and then prolly reverse.

Close my remaining positions except AUD/NZD and EUR/CHF before ECB. I will add shorts if the rates comeout as expected.

2006-07-05T12:16:00.000-07:00

2006-07-05T08:19:00.000-07:00

EURO DAILY CHART UPDATE - Targets in sight.

2006-07-05T08:00:00.000-07:00

UPDATE CHART 1 HOUR EURO: Heading towards 2650, by now everyone should've booked at least 100 pips on that WAVE C on euro and 150 pips on CABLE.

2006-07-05T07:51:00.000-07:00

Reinitiated EUR/CHF LONG target is 80 pips from now (1.5690). Then reverse short. Will update soon time.

2006-07-05T07:40:00.000-07:00

AUD/NZD trade SHORT triggered, targets on the charts earliers yesterday.

2006-07-04T23:46:00.000-07:00

EUR levels for today. Wait for a break either one way, Im shorting EURO on break of 2750-60 LONG above RES2, Euro levels are 2880 2960 3020 and 2700 2640 on the short side.

2006-07-04T18:13:00.000-07:00

SPOT GOLD LEVELS: See if 633 634-636 holds if we reverse sthere good to short for 621-625 area 613-617 will be strong mid-term support now.

2006-07-04T18:00:00.000-07:00

Reason for rising gold prices today: CHINA - Raise gold holdings, China told

Look for a topping action around 636 area.

2006-07-04T17:53:00.000-07:00

EUR/JPY DAILY Wave study shows we are in advanced ZZ a/b/c type with c just starting out, so Ill watch the markets closely next couple of days.

Back with updates after UK open.

2006-07-04T17:51:00.000-07:00

EUR/JPY update - wont take up a position yet.

2006-07-04T17:48:00.000-07:00

EUR/JPY DAILY, EYEING 154 nex stop.

2006-07-04T17:30:00.000-07:00

CAD 1 hour supplementary to the previous post

2006-07-04T17:22:00.000-07:00

USD/CAD long - not so clear of a signal now, lets wait and see, post levels now.

2006-07-04T17:00:00.000-07:00

EUR/CHF trade is still going and there is time to get in long, target is 1.5820 (200 pips). Trading Major Degree Wave C up.

2006-07-04T16:22:00.000-07:00

Wow, gold going berzerk, wow, lets see if it tops out around 636 area now, its crazy, I think it's the missle and NK news driving it higher.

2006-07-04T16:09:00.000-07:00

Crazy NK fellas (wow, they actually did that, what a bunch of wackos?) launched the missles, and as crazy as that sounds, it got USD/JPY through the roof.

2006-07-04T15:57:00.000-07:00

Levels to watch: cable 8372 8311 8250 euro 2740 2690 2649 yen 115 60.
Update Yen: up 60 pips trailing the trade.
Update Gold: Shorts recommended since 618 target 606-609 area.

2006-07-04T15:46:00.000-07:00

EUR/USD DAILY UPDATED CHART WITH TARGETS.

2006-07-04T15:08:00.000-07:00

EUR/CHF update. LONG trade closed, reason on the chart - failed breakout of the three-drives to the top.

2006-07-04T14:59:00.000-07:00

SUMMARY OF RECOMMENDED TRADES:

LONG USD/JPY
SHORT EUR/USD
SHORT GBP/USD
SHORT AUD/NZD
SHORT GOLD
LONG EUR/CHF (might revise that one)

2006-07-04T14:57:00.000-07:00

Confirmation for USD/JPY trade (LONG for 116), 4 hour pattern with PRZ around 116 area.

2006-07-04T14:04:00.000-07:00

Simple CAD count with a C up.

2006-07-04T13:38:00.000-07:00

Possible setup on USD/CAD for 200 pips.

2006-07-04T11:35:00.000-07:00

Supplementary chart to the previous post on YEN.