Good morning and Welcome to all new readers. It's great to be buildong such a good little team already.

Looks like we're going to smash 5000 visitors to the thread in the first week whic is fanstastic, so please keep voting and reting the thread and lets build it into the biggest the best and the most profitable free resource thread on the planet.
I can only input so many of my ideas. I need feedback, both negative and positive in order to strive to make it better.
Besides, it not me on one side and you guys on the other. It's all about US. We're all in this jungle together, let's make the most of it !!

OK, so onto business.

Yesterday saw both Crude and Gold fall even further into deep water. I can't quote the prices for the dark stuff as I have Brent displayed, but it was somewhere in the region of 500 points to take the tally to almost 2500.
Gold also fell $20, unsurprisingly.
Yoday could be a very big day indeed. We have our WEEKLY 20 moving average coming up.
Those of you with the template will need to look at the 4hr chart for that, but thats where the price is and would think that a pullback might be in order.
Sure it could go straight through it and it's certainly not set-up for a massive recovery mission so we'll have to wait and see. Well worth keeping your eye on that level which I'm sure is about the $124 level.
I'll be waiting for that to make a move before making any decsions but I'll be watching it like a hawk.
Our Golden lady is losing her shine and that little run to the north-side was very short-lived yesterday afternoon. A possible 70-80 pips available and I know Bob got it, so Well done to you, Sir.

These Currencies are beginning to wind me up a bit, and I must admit I am struggling to see anything but an overbought USDJPY & USDCHF and an oversold EURUSD.
OK So my 4hr CCI's are not overbought/oversold but look at the distance between the 60m 20 & 50, look at the huge gaps between the 4hr 20 and 50.
I will not be taking continuation trades under no circumstances on those 3

The runt of the pack, cable was outstandingly resilient yesterday and I quite like himback up to 2.0050 on the back of some Dollar WEAKNESS.
Yes, that's what I am gunning for this A.M session.

Will be looking to short USDCHF and/or USDJPY IF Gold begins to move north with Crude AND the fall below their pivot points.
I will be look for a long position on EURUSD if the Gold and Crude move up and it moves above it's pivot point.

Against the trend but that's what I will be looking out for. No crossing of the Pivots, NO Trades. No Crude and Gold recovery, No Trades.


Enjoy your morning.

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