motleifaul

motleifaul

I sold some Starbucks. It gapped up, yes. But here it stopped. It made a classical Fibonacci retracement until 61,8 % and looks like it will end the day at 50 % . The previous 4 days where at a high trading volume and todays high volume may be counted like a volume retracement as well, i.e. todays price retracement less than half of the sales of the past days....

motleifaul

I took a little short position of this washing powder company. But one shall be coutious as we held above the 256 MA and bounced off from the Donchian Channel low. But I consider the test of this important MA as a warning signal that it can finally be broken. The rate could not leave the downward cannel and could not get above the EMA 20. Let's watch how it...

motleifaul

Thanks to ForceFollower I can proudly present this.

motleifaul

We've seen a downward correction the latest days. Mr. Gann and his Fan(n) mean that is is done now. I believe them and buy some Kiwis.

motleifaul

The uptrend still intact nevertheless calls for a healthy correction as it is due to the whole market.

motleifaul

the downtrend can continue now.

motleifaul

but I assume that the gap shall be closed before it may move up further.

motleifaul

Another Gann Fan study suggests a correction of the USD.

motleifaul

This is also a short. We are just forming a new weekly low which confirms the downtrend. Watch out for 5.

motleifaul

The breakout under the blue triangle confirms the bearish stance.

motleifaul

I think that the bottom may have been found. The rate holds well above the EMA 20. The indicators are positive. May be it will go ahead slowly but 59 are in sight.

motleifaul

I was not so lucky with JPY longs recently as I had thought that it has finished its downtrend. Obviousely this is not the case. It seems tat the USD will follow its uptrend instead.

motleifaul

but I went short USD/CHF.

motleifaul

The daily support is broken. That's why I sell some Pounds now.

motleifaul

It is a beginning uptrend I hope. At least it may have room for a good correction up.

motleifaul

This is a still running trend with some more potential I think.

motleifaul

I thing that Yahoo is overextended abd may correct soon.

motleifaul

The uptrend is intact and the (slowing) correction was due.