Thread: GS Journal

This bull throw looks weak and I'm outside....

GS.

Current PA so much is indiing it is morphing into an extended range. Bears will reign if 11140 breached with 11190 holding and Bulls when 11420 is breached and 11370 holds.
The likely rangey peak to trough is between 11400-11180....

Good luck and trade sensibly.

GS.

PA will last to function as ranging until either the peak or trough is breached and held as per my last post. The next fractal for higher peak is 11820 and 10750 for the lower trough.

Good fortune and Decent exchange...

GS.

The shadowy rangey PA proceeds....

GS.

Should be another 1-2 weeks before PA break out or break . Peak to trough levels nevertheless stay unchanged.

GS.

So PA eventually break down and we'll definitely be looking below 106 manage if 10970 holds. Cheers and best of luck.

GS

This extended range is further extended with no definitive break and maintain levels. So I will be seeing 11400 break with 11280 holds for upside assault up to 11750 level OR 10600 break with 10680 holds for downside slide down to 10150level.

I'm undoubtedly more biased to one more leg downside move before PA begins to turn north.

Good luck and transaction well.

GS.

Temporary shirt generated with 11123 breached and 11203 holdind down it indie that PA will soon be heading down to check 10850-10900 handle. PA M/T bears need to breach 10830 with 10915 holding in order for it to attack another lower fractal at 10500. (Highly unlikely) hence my take is intraday bull will still predominate and also have yet another leg and a retest of 11286-11365 is still on the card before price recapitulate.

For current PA moving into next week because temporary top have been shaped, I'll look to ride that intraday retracement down with SL@11203 and TP level @10865-10900 or until temporary basing is generated for your northern assault again.

Good fortune and trade nicely.

GS.

The Pairs have bottomed briefly and is continuing its journey northward and now I am waiting to get a little pull back to enter a long trade with a tricky SL@11040 for 11300-11360 level or if topping is generated whatever comes first.

The interesting level I am eyeballing is 11160 if this degree holds when 11240 is busted we can retest the upper 11440 degree (which I think is unlikely) and if it does not hold then I will be betting my farm to market down her anywhere from 11300-11400 degree for no less than 650 pips south and if 10520 is busted and 10600holds then it'll even be more. Meanwhile its first thing.

Good luck and transaction well.

GS.

It looks likely that 11160 will be holding and if it is the case price will surely attack 11365 level and if the last line of defence @level 11285 holds then there might be a M/T trend reversal at hand that personally I believe is highly improbable. So if 11285 fails to hold then I'll be loading short from 11365 into 11425 with a hard SL @ 11500 and original TP likely at 10800level or before next subsequent basing is generated whichever comes first.

Good fortune and trade well.


GS.