Hi Lenart Perhaps in your post you have typo and most probably you are referring to key LT support levels (0.5100 & 0.4900) and not resistance, which I also believe to be significant levels.

I have been using Fibs in combination with other indicators eg. RSI, MA, MACD, etc. with great success. Fibs is one of the few leading indicators whereas the majority of other indicators are lagging and this helps in establishing possible entries or ...

NO REPLY 'cause this method was blowed out of the water by latest market volitility and for sure "news" will kill it - so be cautious!!!

Long term and looking at pure technicals I believe it's going down. I am already short since 1.5990 but would wait for decissive break of 1.5800 before adding new positions for the ride towards 1.5600-50 level.

Hi Ariefdff I agree with your trade levels and if it goes up, we might be heading back to 207 level (daily down trendline) over the next few days.

Where can I get the EA?

Can anyone tell me where to get EA for this method?

Are there any Candlestick traders following this thread and what are your observations of the candlesticks on the daily graphs?

Sarasxxx it all depends on what timeframe you're referring to, but longterm there isn't any downtrend for many weeks to come. Possibly in the shortterm we could see a corrective retracement before the next surge because we've had a continuous run ...

I am not an expert, but my understanding is that the CAD economy is so interwoven with the US and very dependant on the US for their economical health, that the market viewed the improvement in US ISM Non-manufacturing as good news for the CAD's ...

Hi John Thanks for your continued posts and would you please clarify whether you're a day trader or swing trader? I believe the danger with any analysis is that it is subject to the timeframe you are using for your analyis. Sometimes it happens that ...

Hi DownRiverTrader Please explain to me what you mean by this in today's scenarios? I'm just an upriverangler fishing for the big fish in an unpredictable river. Do you mean the rumour is that the 50bp have been priced into current levels or how do ...

Worthwhile observation and either we're wearing the same glasses or we're deceived by the same action, but I have to support your view!! Obviously if we'll see a retracement from around 1.48 or just below, back to 1.4720-1.4700 this will be a great ...

I'm concerned with the short at 1.4575 because of the upsloping trendline on the weekly & 4H charts @ 1.4500 to 1.4550. These trendlines are also supported by the 61.8 fibo of 1.4310 (Dec 20th low) - 1.4922 (Jan 15th high) at 1.4544 and as long as ...

It might be true that EUR is getting into overbought territory, but look at history and it will highlight that the market sometimes ignores it. I agree that you could scalp the market but remember THE TREND IS YOUR FRIEND and don't get burnt by ...

You should also visit url to see their weekly COT report and I've found it very useful in the past. It is graphically displayed and easy to interpret - give it a try!

I also believe we're heading towards the 1.50 level as long as price action remains above 1.4700, but the 1.4825 (last week's high) is still the pivotal point. My take on this is to buy either the break of the 1.4825 or a more risky buy around ...

I do understand that today's rate decission poses a major risk, but technically I see major Fibo support at the 1.9580 to 1.9540 zone based on the weekly charts as well as the daily. Obviously if 1.9500 is broken we are heading back to the 1.9200 to ...

Sideways till ECB rate decission, but prior to that 61.8 fib @1.4666 on 4h should provide good support as well as the upsloping trendline on 4h charts. My view is to buy around this area or once 1.4830 is broken, but I believe that EUR is going back ...