Live Trading analysis

What is the general trend for gbp/chf, and please suggest entry points for long or short trade please. thanks

new thread....

http://www.forexfactory.com/showthread.php?t=77069

i give entries to the market here....

I am giving entries to the market on this forum on daily basis..

http://www.forexfactory.com/showthread.php?t=77069

Hey bud...this is that million dollar question...In my chart would you wait for price to leave the yellow circle...to enter long....

Second question woul you wait for price to close below red circle to take it short...

Or would you wait for price to leave blue cirlce....

You see when this happens i freeze up...because i feel like every can either stop going one way or the other...

Let me know if i explain my question detailed enough...

At this point the Euro is going up and selling would be counter trend and treated as scalping trades only back to the support levels below it where you would look to go long again from there.The stronger this up move in price is the less it will retrace. The levels above it from the larger timeframe type fib need to viewed as target points since you will see price retrace from those points many times back to the support points below it.
One chart below shows the support or buy in points
The Other shows the resistance to price.

This is my daily chart for the gbp/usd fibb set up...




What i expect is to find some ristance on those red fibbs...but overall price should keep on going up since the major trend is bullish...so if anthing price might come back down but should find support at those yellow fibbs and eventually keep on going up..I will now post the 1 hour chart seperate with all the fibbs...and explain to you how i see the market...hopefully iam right lol..


Now here what i see is that price is hitting a 38.2 of counter trend...based on this iam expecting price to coe down and meet some nice support on green fibbs...when price gets there then i would throw a counter fibb to that green fibb right?

But beside that if price does come down and meets up with a green fibb an starts to go up it might be a good i dea to take profits near red fibbs since(I think) price can get some consolidation becuase of this ...hope i am some what right ...let me know..



Overall price should eventually keep on pushing up...and break the red fibbs..
Also price has a bullish sentiment since we are at the other side of the river...

Correct, your yellow fib there has already shown that is levels were respected and now we have the subsequent bounce from that to test resistance levels (your red fibs). On your 1 hour chart the green fibs are what will tell you if the move up will continue once price retraces and tests its levels if they hold price will continue back up again if they fail price will attempt to return into the downtrend. Just keep pulling the high of your green fib on the 1 hour chart until price finally retraces and youll get the opportunity to buy into this up move again or sell it if the levels fail.The envelope is only for a referrence to price verses its average of whatever you have the envelope set to, basically a moving trendline.

AWSOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! If green fibbs fail would you take it to the low of the green fibb..or would you be afraid of yellow fibbs...since you know price whants to continue with its overall trend?


BOBOKUS you are the man...

Correct if your green fib levels fail to support price you would look for it to test the previous daily lows again, a break there and the bottom could fall out again. If that happens you then switch to selling the rally's. Until it reverses again. The process repeats over and over again. Driven by the current economic conditions that exist between the US and UK economy's.

Dude you are the man...i will keep in touch and put my charts up to what i believe is right...i am now going to go and set up a chart for on my other tread they are asking for...and keep in touch...i will set up charts on my treades....if you see me place them wrong...please inform me in the tread and correct me at will thanks..

My believes in eur /usd is to go long...


defently expecting price to come and me support at one of those fibbs and continue with its rally...

Eur/usd

hope to see a bounce on those fibbs to continue upward...i would place my lmit at the highest high ever...

ject211990, where did you go? What is your gbpjpy analysis today?