- Search Forex Factory
- 36 Results (3 Threads , 33 Replies )
- ForexMGames replied Jun 29, 2014
NZDUSD is approaching its ALL TIME HIGH 0.8840, set in Aug 2011. I think its going to be hard to break above this level, at least on its first attempt. Short NZDUSD 0.8830-40 SL above 0.8880 TP1 0.8670 TP2 0.8400 image
- ForexMGames replied Feb 23, 2014
On the larger 4hr timeframe chart, I see two things happening. First, there is a potential head & shoulders pattern forming. Second, the neckline of the H&S pattern is exactly at a major pivotal support/resistance zone of 1.5000. Based on this ...
- ForexMGames replied Jan 22, 2014
For the time being, USDJPY is temporary stalling at the 61.8% FIB retracement. image Strategy is to buy on breakout above 105.50. image
- ForexMGames replied Jan 15, 2014
This is a promising trade. Multiple technical indicators are lining up nicely. Although there are no 100% certainties in trading, it is good to see all the ducks in the same row. On the harmonic front, there is a bullish cypher pattern developing. ...
- ForexMGames replied Jan 14, 2014
On the other hand, if you remain bullish on USDJPY. Look to enter long positions at completion of bullish bat harmonic pattern. LONG USDJPY 102.00 SL 40-50pips TP 104.00 image
- ForexMGames replied Jan 5, 2014
2013 is a good year for GBPUSD. A new BOE governor, Mark Carney, help to steer the ship in the right direction. The economy turn from doldrums to recovery mode. Most major UK economic indicators, including the PMIs, are on the way up. The growing UK ...
- ForexMGames replied Dec 12, 2013
Bullish cypher harmonic pattern detected. Do be aware of the big spreads for this pair, especially during illiquid hours. Enter long at 78.6% retracement. LONG GBPNZD 1.9400-10 SL 50pips TP 1.9600 image
- ForexMGames replied Dec 10, 2013
The highest price established for NZDJPY in 2013 is set at 86.40-50. There would be in high likelihood another re-test of this significant price resistance. The first attempt to challenge this high should hold. SHORT NZDJPY 86.40-50 SL 40-50pips TP ...
- ForexMGames replied Dec 2, 2013
If you prefer to ride the bull train, it is not wise to chase the train after it leaves the station. Waiting for pullbacks are a much safer way to board the train. There have been 5 multiple attempts in the past to breach 1.6260-1.6300. The ...
- ForexMGames replied Nov 27, 2013
From this weekly chart, one shall witness the ardent power of support and resistance levels. The fundamental basic structure of support and resistance is memory levels. It is the ability of humans to remember events from many years ago. Let me ...
- ForexMGames replied Nov 25, 2013
For this AUDUSD, it could be potentially forming a bearish bat pattern. The price action right now is inconclusive as to whether the bearish bat pattern may form or not. Therefore, I am taking of the opinion that it could form. The key here is to ...
- ForexMGames replied Nov 25, 2013
Bat harmonic patterns are generally reliable, with a success rate of about 60-70%. With one forming on the EURUSD on the 4hr chart, look to short at the 88.6% FIB retracement. SHORT EURUSD 1.3760-70 SL above 1.3800 TP 100pips image
- ForexMGames replied Nov 21, 2013
Technical analysis trading comes in many different varieties and favours. There are trend lines, elliott waves, breakouts, pattern formations and so forth. Today i introduce another concept in technical trading. It is called trading in the box. ...
- ForexMGames replied Nov 21, 2013
Technical analysis trading comes in many different varieties and favours. There are trend lines, elliott waves, breakouts, pattern formations and so forth. Today i introduce another concept in technical trading. It is called trading in the box. ...
- ForexMGames replied Jul 27, 2012
When will we see 1.1000 in AUDUSD again ? — The Reserve Bank of Australia is like the Federal Reserve Bank of America, where key interest rates are set by the policy members. In forex trading, one of the most important indicators to watch are ...
- ForexMGames replied Jul 10, 2012
US dollar index — Potential selling of US dollars in the Dollar Index Chart?
- ForexMGames replied Jul 7, 2012
On July 1 Sunday, one of trading calls i made was to SHORT NZDJPY around resistance zone 64.20-60. If this trading call was taken, we would have netted about 90-130pips for this week. Click on link. ...
- ForexMGames replied Jul 4, 2012
LONG AUDUSD — I found a potential lucrative trade for the AUDUSD. When i trade, i try to train my eyes to look for outsized rewards with minimal risks. This trade if it works, may turn out to be one of those with a high reward/risk ratio. ...
- ForexMGames replied Jul 3, 2012
The largest ab=cd you will probably ever see — I am learning to trade harmonic patterns. The harmonic patterns come with colorful names, such as butterfly, crab and bat patterns. I like the simplest one of all, which goes by a simple name, the ...
- ForexMGames replied Jul 1, 2012
Week 27 (2-6 july) trade previews part 2 — Trade #2 USDCHF Long around 0.9340 Stop loss below 0.9300 support zone Target profit 1 around 0.9550 Target profit 2 around 0.9750