Aud/usd system analysis

Dan, here is what I want you to do, We are going to assign every session some currencies to trade.

Asian session 7PM- 2AM

Gbp/Jpy, Eur/Jpy, Aud/Jpy, Nzd/Jpy, Aud/Usd, Nzd/Usd

Europe and London session 2AM-11AM

Eur/Usd, Gbp/Usd, Eur/Gbp, Eur/Cad, Gbp/Chf

Us session 8AM- 5Pm

Usd /Cad, Usd/Jpy, Usd/Chf.


Watch the currency from each session, and find out which one is trending ( not trading ) then carry that over to the next session, Look back on the 4H chart for at least 4 weeks to find out if the currency is trending ( HH and HL or LH and LL ) and this is what we have to trade, stay aside from the trading currency, you will go no where. Just let me know if this will help.

AUD/USD Support and Resistance

Now you have to Identify support and resistance, today's sentiment in reference to the whole week, 1H or 4H chart. Then decide how you going to trade this according to support and resistance level highs and lows, as an Exp today the market opened higher than yesterday and went higher than yesterday high so the sentiment is up, your most strong support is .9841 watch this area very close to confirm continuation of the up move or going deeper in retracement. By the way, I got stopped out on Aussie and Eur, ended up +64 on Aussie and +58 on Eur plus Jpy trade was good, made nothing of Gbp

I'll concentrate on looking at things like that.

,
dan

Did you read this post?, I hope you did, the 4H candle was holding .9798 for 24H as some might think we went lower to .9753 but the close and opening of the 4H candle is what it matter for me, that was the sign that Aussie holding the down move, and that is what happened. This support and resistance levels I am giving here are very powerful, I respect them all the time and I have been trading them for a long time specially the 4H chart.

The whole world has come to a halt trading the forex, waiting for US news and the hedge fund mangers and brokers to count how many long and how many short to screw us traders as usual, Funny: . and now will read a lot of BS analysis that willlllllllllll drive u crazy, but when the move comes it will be fast and furious, so either you get ready or stay aside.

Screw the news, I will hedge all my positions today.

Usd/jpy support and resistance, having a hard time to stay above 84.40, the sentiment is bullish if 82.45 hold on the 4H chart

The Rules to successful trading are as follow, and please i am not trying to be a wise guy.

1- Keep it simple to be successful

2- Always have a reason to trade
3- Tools in your trading chart need be trend defining, can help you define your risk and gives unambiguous trading bias

4- Use the "if.......should rule" if the market price does ABC the the market should do XYZ, if the market does not do what it is suppose to do get out

5-Keep you eye on the road ahead ( look for a target and stick with it ) and when the target is reached get out and wait for the next move.

Trend lines are one of the most important tool you have to use on all of your charts, it will help you define the trend and if the trend is broken or ended, do not use more than two on your chart, and all of them have to be trend defining, and your tool should till you when the move will end or where you should take your profit and wait. Take a look at the 4 Charts below for Gbp/Jpy, they all confirm the up move, and they all confirm the target.

1- trend line broken, target high at next resistance , you enter above support and take your profit at resistance, and you can enter back again to take advantage of the down move, but you rather wait for confirmation if you not sure. I trade the 4H chart and my entry from the 1H chart.Please If you have any question, you can send me an email.

Gbp/usd support and resistance

AUD/USD Support and Resistance

USD/JPY support and resistance

AUD/USD Support and Resistance

Eur/usd support and resistance

It is crucial for Usd/Jpy to stay above 84.09 to continue this move up and break 84.41 area, the monthly target will be 86.36 and we will see 88.00 area. Let us pray and hope it will happen.

Dan my friend, how are you ?

Hi mme I am back I met henry loui at singapore airport was a nice meeting.............now the thing is Where to go from here I am gbp yen short with stop loss 1.3300 and thinking usd/jpy retrace dagain to 83.50 however it tested it once today and was rejected of that support 83.45 now see what is direction and you are right first target is 84.09 and would stay here for more keep a look at usd/cad and usd/chf would be target for next with aud/jpy and chf/jpy and gbp/jpy I would be trading these pairs on monday and I would involve myself with long trades because I have to be consistent and sure ...............Hows is life euro broke 1.3200 trying hard to stay above..........And overall I am lit a bit bearish with euro..............And what going on here I hope everything is fine.................I missed nzd/usd because of lots of travelling and now I am off for two days. will rest and start on work again.............hope to see more of the charts of the pairs I mentioned and it is great being here...........

Take care and keep posting your replies

aman

Saturday December 11, 2010 6:55AM, Eur/Usd Outlook

Very choppy trade this week, Euro holding and refusing to go down to complete the down swing, holding above 1.3200. We will see a gap opening on Sunday for most currencies, specially after China good news. At this time I am in favor of the up move for the retest of 13330 and above as long as 1.3194 hold as shown on the charts. An update for the new support and resistance levels will be available tomorrow @ 7PM, I will make you get them, this week will be the last full week of trading before the holidays, I would like to say happy Holidays to all of you and have a happy and healthy new year.

Monthly Chart

Support @ 1.3078
Resistance @ 1.3509, 1.3808 and 1.4183

Attached Image (click to enlarge)

Weekly chart

Support 1.3191 and 1.3031
Resistance 1.3509 and 1.3624

Attached Image (click to enlarge)

Daily Chart

Support 1.3195
Resistance 1.3394,1.3448, 1.3975

Attached Image (click to enlarge)

8H Chart

Support 1.3195
Resistance 1.3242, 1.3267 and 1.3470

Attached Image (click to enlarge)

4H Chart
Support 1.3194
Resistance 1.3222, 1.3252 and 1.3281

Attached Image (click to enlarge)

1H chart

Support 1.3215
Resistance 1.3226, 1.3229 and 1.3253

Saturday December 11, 2010 8:10AM, USD/JPY Outlook, I am in favor of long position as long as 83.35 hold on the daily chart

Monthly Chart

Support 80.23
Resistance 87.60, 9083, 104.13 and 107.50

Attached Image (click to enlarge)

Weekly Chart
Support 82.31
Resistance 86.17 and 91.60

Attached Image (click to enlarge)

Daily Chart
Restance 84.40 ( strong )
Support : 81.53, 83.08 and 83.35

Attached Image (click to enlarge)

8H Chart
Resistance 84.40
Support 83.87, 83.74, 83.36 and 82.46

Attached Image (click to enlarge)

4H chart
Resistance : 84.40
Support : 83.76, 83.46 and 83.31

Attached Image (click to enlarge)

1H chart
Resistance 84.09 and 94.40
Support 83.84, 8381, 83.72 and 83.64

Aud/Usd: refusing to go down after .9750 support held at the daily chart, now .9750 become our strong line of support. Lets take a look at the rest of the charts. I am bullish above .9883.

Monthly chart
Resistance previous high 1.0181
Support .9123, .8127, .7927

Weekly Chart
Resistance .9859, .1.0181 monthly high.
Support .9248, .8725, .8552

Attached Image (click to enlarge)

Daily Chart
Resistance .9957 and previous month high 1.0181
Support .9810, .9750, .9734


8H chart
Resistance .9857 plus daily resistance
Support .9823, .9750, .9704

Attached Image (click to enlarge)

4H Chart
Resistance .9853, .9858 and previous 8H and daily resistance
Support .9797, .9737

Attached Image (click to enlarge)

1H chart
Resistance .9861, .9864
Support .9834, .9832

Attached Image (click to enlarge)