1.4183...target hit!
It is ok Mme!
I'm so Happy!
http://www.animationbuddy.com/Animat...smen/Happy.gif
Dan
...level by level, target by target
- #6,402
- Jul 19, 2011 2:01am Jul 19, 2011 2:01am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
KIWI 100% COMPLETE TO THE PIP
1.4183...target hit!
It is ok Mme!
I'm so Happy!
http://www.animationbuddy.com/Animat...smen/Happy.gif
Dan
...level...
- #6,403
- Jul 19, 2011 2:04am Jul 19, 2011 2:04am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Mme, here's what I have for the NZD/USD...
Like you say in the classes...
each time frame has it's own swings, each time frame has it's own targets.
here we have some levels being broken, while other targets have been met.
Dan
- #6,404
- Jul 19, 2011 2:26am Jul 19, 2011 2:26am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Sorry Dan, I was watching the Euro trade, 1.4250 on sight on the 8H we up to 1.4216 resistance.
Your are right about the KIWI, more milk and cheese coming. Just close your eyes and follow Fibonacci and the Fibonacci system. Have peace, cheese and pips man 
, let the COCO HEADS FOLLOW THE NEW WAVES.
Mme, here's what I have for the NZD/USD...
Attachment
Attachment
Attachment
Like you say in the classes...
each time frame has it's own swings, each time frame has it's own targets.
...
http://www.forexfactory.com/attachme...3&d=1310952669
http://www.animationbuddy.com/Animat...smen/Happy.gif
- #6,405
- Jul 19, 2011 2:54am Jul 19, 2011 2:54am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
eur/usd 1.4216 resistance on the weekly
chartSorry Dan, I was watching the Euro trade, 1.4250 on sight on the 8H we up to 1.4216 resistance.
Your are right about the KIWI, more milk and cheese coming. Just close your eyes and follow Fibonacci and the Fibonacci system. Have peace, cheese and pips man
http://www.forexfactory.com/attachme...3&d=1310952669...
- #6,407
- Jul 19, 2011 7:27am Jul 19, 2011 7:27am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
eur still trying hard, 4 entry limit reached waiting for this one to be completed, other currencies moving according to the plan your are right about the kiwi, more milk and cheese coming. Just close your eyes and follow fibonacci and the fibonacci system. Have peace, cheese and pips man
sorry dan, i was watching the euro trade, 1.4250 on sight on the 8h we up to 1.4216 resistance.
, let the coco heads follow the new waves.
- #6,408
- Edited 8:16am Jul 19, 2011 8:05am | Edited 8:16am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
kiwi almost at my final destination, THIS WHAT YOU CALL POSITION TRADE, PLUS WHAT IT CAME BETWEEN BAAAAAAM.
- #6,411
- Jul 19, 2011 3:24pm Jul 19, 2011 3:24pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
nzd/usd support and resistance still running strong day by day week by week, kids need milk and cheese
- #6,413
- Jul 19, 2011 3:44pm Jul 19, 2011 3:44pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
After reaching 2.618 monthly. Euro/chf has retrace up 320 pips, today we reached 1.1687 from 1.1369
- #6,414
- Edited 4:24pm Jul 19, 2011 3:53pm | Edited 4:24pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
After reaching the Weekly target, retrace, this is how's the market work, level by level
- #6,415
- Jul 19, 2011 11:41pm Jul 19, 2011 11:41pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/USD
I usually use the Monthly support/resistance to set my targets. I look at these level in the monthly candle and weekly candle charts to see if anything larger lines up with this. If there is, I will note this level.
I usually play these monthly levels from the 4hr candle, but sometimes will play it from the 120, 60 or 480.
No matter what time frame you take the trade, protect yourself...and your profits. If I take the trade in the 240 I'll have my eye on the monthly target. But the price does not have to go there directly, it will go in many smaller swings. As the price goes toward the monthly Support/Resistance I'll go there playing weekly levels.
As the price moves, I'll first protect my entry. This way if the price isn't ready to go yet, I get knocked out with a pip or two profit. Once everything gets going, I'll work toward the larger monthly level by weekly resistance. Once we clear weekly resistance we will many times see a retracement. Once this retracement is done we will start heading toward the target again. When you clear the weekly S&R I will move my stop just short of it.
This way, if I get knocked out I'll keep some of my profits protected. Plus, if the price continues toward the monthly target, I am not out of the trade. This is another reason we take trades in the same direction as the trend.
If a currency pair is in the middle of a move, pass it up. Don't take a chance, move on. If the pair is at the end of a move, wait or move on. Have patience and let the currency come to you, and then take your trade. Don't chase the currency trying to make a trade. If you have to...WAIT!
Dan
- #6,416
- Jul 19, 2011 11:54pm Jul 19, 2011 11:54pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/JPY
Always start looking in the Monthly candle chart and then move to smaller time frames, one step at a time.
If you see a chart with the price action in the large shaded areas, stay out. The shaded areas will be trouble spot for the price action and reversal or considation may be the outcome. But when we break through one of these levels, look toward the next level. All of the shaded charts are also made using FIBONACCI levels!
Monthly support and resistance, Fibonacci Power levels, other Fibonacci levels, etc., etc. Level by level.
Dan
- #6,419
- Edited 6:00am Jul 20, 2011 4:02am | Edited 6:00am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
eur/usd today's swings on 1h and 2h charts, 4h, 6h target limit was reached yesterday, 8h target reached today
