Huskins, Daily Price action analysis Video Journal

Welcome to my Daily Price action analysis Video Journal.
Out here I propose to provide a video Analysis of price action Twice a day. viz.

Daily AM Preview: Top down Chart anayisis before the London Open. I will attempt to post my video at about 2.30 AM EST.

Daily AM Review: At about 12 Noon every day I will attempt to analize the events that took place during the London session and New York open.

Of course this service is free however, If this service is of any use to you, Please consider donating money to Amnesty International, at http://web.amnesty.org/pages/donate_now

Besides, I would request no Questions asked out here , however Questions can be asked at: http://www.forexfactory.com/forexforum/showthread.php?p=60839#post60839


About me:
I am No expert at the Forex market, I however have successfully traded my account and increased my capital from US$ 10,000 to US$ 18,000 over the last few Months.

I attempt to have 4 trades every day for about 25 pips each, and I expect a win/loss ratio of 3:1, with a win of about 25 pips and a loss of about 30 pips. Hence I expect a net positive day of about 35 to 40 pips. I will discuss my trades in my reviews however I may not be in a position to alert people about my trades, However, potential trade setups will be discussed.

I will trade only the euro/US$ and GBP/US$.

God Willing, My First AM review will be released at about 12 noon EST.

~huskins

P.S.: This is a tribute to my forex Mentor, Peter Bain's

Looking forward to the posts!

L.A.

PS: Loving the idea of donating to Amnesty International

We have finally broken the support trend line, as far as I look at it I thing we are now in the begening of a nice dowtrend on the euro/usd


Here is the AM review, download it and let me know what youll think:

http://www.savefile.com/files/4770604

Pls let me know your opnion

the video and audio is great... this will go into my box of learning tool.

Today, On account of a USA and UK holiday I will not have a Am Review/Preview.

Thanks a lot for your effort Huskin, THIS is much appreciated.

http://www.savefile.com/files/5686147


Pls let me know what you think abt it, we are currently at a very critical level, If we get Candlestick reversal paters on the hourly chart we should expect a downward movement in price, if it however breaks the daily traendline and we have an hourly close above 1.2840 then we should be looking to buy.

Price is looking to make a macd Divergence on the 5 mint chart (Euro/uSd) at a critical price level of 1.2839. Whch happens to be our R1 on the daily piviot area.

If price breaks this area, there could be a reversal at 1.2847, I however would be very hesitant trading this this reversal.

So if the price does not reverse from the current zone of 1.2839 by Macd punching through its trigger line (on the 5 mint chart), and tere by creating a negitive divergence I will have no trade for today.

Hi


We have broken the supply Trend Line on the daily chart, now my Bias is no longer short.


Currently the bias is Mixed, Till I see some chart paters or divergence etc

We have a Short trade setup on the euro/usd at

1.2850.

Reasons


5 mint chart: Histogram and Macd Divergence
15 Mint: Inverted Hammer at 1.2855 , which happens to be M4, In an M2/M4 day.

Also on the 15 Mint we have stocastics divergence.

My Trade:
Sell @ 1.2847
SL @ 1.2877
Target @ 1.2772 (m2 on a m2/m4 day)

Hi Huskins,

Good luck with your trade. I agree and lean towards it shooting back down to that level. Hopefully it doesn't skim your SL before taking that dip.

It just did,


I am Stopped out, Looking to reenter the trade since I beleive in the divergence and I found no fundamental reason (i.e. news ) to negate the technical analysis

Hi,

This was amongst the few Loss making days I had, that too because I did not follow my own Bias.

Like I had Mentioned in my AM preview, that If price goes above the 1.2838 mark, my Bias would shift to Long.

I knew I should be doing that, but No I was to eager to capture the top of the market and that too by not going step by step using the guidelines I my self have made.


This AM Preview I will disuss my guidlines And will even write them down , So that we can have a step by step trade execution procedure.


Hece there will be no Am Reviews but we surely will have a Long AM Preview

Huskins, looking forward to it, this sounds like exactly what I need . I have been trying various methods and it almost seems as if I am over analysing everything. I was thinking much about this the past couple of days.

•Weekly:
–Railway Track : Down
–MacD: Good angle of separation, but Macd Histogram waving Lower. Bias Mixed
–Stochastic : Overbought Mixed
•General bias , Expect to see a topping out process, by either MacD Divergence or Stochastic divergence till then bias is Up.
•Daily:
–Grumpy faster moving Avg. tied a knot and are up, while the slower Moving Avg. have a good angle of separation.: Up
–We have a broken Supply Trend line , which should now provide support at about 1.2832.
–Monthly Pivot Level 1.2820 could also provide support.
–Current Trend Line Should Provide support at 1.2761
–May Look to go Short up to one of these support levels, If We have a good trade setup.
•General bias is UP, however I do price to at expect price to play with or at least tease us by going to one of the above support Levels.
•If Price breaks 1.2761 Bias will shift to down.



•4hr:
–Channeling Downward : Down
–However broken the downward Channel
–Currently at a High zone of the channel
–Grumpy, Slower Moving Avg up
–MacD Good upward angle of seperation. However MacD Histogram is waving lower
•General bias Expect Price consolidation and retracement till about 1.2769. before an upward move.
•1hr:
–Grumpy Slow EMA Up
–Fast EMA (Red) Tied a knot and moving Up.
–Have a Trendline break i.e. a Demad Trendline break, and can expect Short term price consolidation
–Joe Chung price projection out of the TD break is 1.2783
•General bias is UP, however I do expect Price to consolidate till 1.2783.


In Summary
•Expect Price to go up, however:
•Price would reach in and around the 1.2875 to 1.2906 Create Negative Divergence
•Fall to 1.2832 – 1.2761
•If 1.2761 Holds or is not tested we should expect a close above 1.2906

Price is allready in our sell zone for the day and its looking to make negetive divergence on the MacD on the 15 Mint chart.


I have my 5 mint chart open with 10/40 Simple moving avg plotted

I will sell when the 10 crosses below the 40 SMA on the 5 mint chart

hey huskin been on the short side myself since 1.2904 but this thing isnt going down.....keep us posted on your analysis

This is the video recording for today.

http://www.savefile.com/files/9616247


if price retestes the 1.2904 level and hesitates it will mopst likely create negetive divergence on the 15 mint chart,

Hello

So far Price has acted exactly as expected, I had 3 trades today all of them partially sucessful.

I missed out on a few trades however as long as i make my 20 pips i am happy




Now we are in the Buy zone, However as of now I dont see any indicators whch will help me pull the trigger.

The Am Review comming up by about 4.30 ESt

http://www.forexfactory.com/forexfor...achmentid=5684


http://www.forexfactory.com/forexfor...achmentid=5685

All these trades are enginered using the 5 mint chart.

Trade 1 : Inverted Hammer at a Piviot level. Could also be enginered by Boilenger bands.
Trade entry : 1 Candle close below the piviot at 1.2881

Exit: + 20 pips

Trade 2: Hammer at Piviot level

also a double bottom on RSI, while price was waving lower:

Bought at 1.2864

Target upper Boilnger band

Exit: + 18 Pips

Trade 3 Reenter Short trade (I knew from higher level charts price was going to go towards 1.2832 )

Exit just before news: + 20 pips

During News : 10 Am Out of the market (Actually I got in and out at breake even, too volatile for my liking)

Now I am Long From 1.2819

Total Pips today: 58