Live Trading analysis

This is a thread with the believe to make us all better traders. The purpose is for me to and all the other traders to give updates of the market and their believes. Like this you see others people perspectives and compare to your own. With this you will be able to bcome a better trader, also you will get to see some advance traders placing their believes. The way my strategy comes is from the amazing trader BOBOKUS...he is an amzing fibb trader. His thread is the link below.
I will be posting updates of how i see the market in the common currencies, any special request will be taken. Remeber every trader can see the market in a million different ways. So lets all learn from each other.


http://www.forexfactory.com/showthread.php?t=50767cc

Well iam going to start off by posting what i see on the market right now.

Iam going to begin with GBP/JPY

This is my setup and in the fallowing post i will be explaining what i see.

Whats i see is that price is below the river...that is envelope 62....in other words how i see this is that the setiment in the market is short....also when below this the river becomes a very stong resistance...so myself as a trader would not feel good entering a position long since a strong resistance is located right above...But nor resistance is impossibell to brake so how i would operate this is by missing the long trader if the market is to go bullish since in my view going long has a smaller probablity of having a good trade...
Also if you look at the last swing that took place (green Fibb) price is getting near a 61.8 fibb and that is also clost to the river= resistance.
In order for me to take this trade short though i would have to see a close below the counter fibb...(withfibb) 61.8 i would wait to see a bearis candle close below this fib...if price does this, my first target would be 94.91 or 94.60. Also if you take a look at when price started to take a big drop...was when price arrived near the red cable and that is the major fib. That was a 61.8 of the major fibb on my strategy.


Thats what i see on this currency.Any questions let me know

If you ghuys whant me to take a llok at any currency i will do so...

I willbe posting my analysis of the market several times a day....but hope to hear requst of specific currencies...

I will now post GBP/USD

What i see is that price has hit an extension from the yellow fibb....thats why price is consolidating ....its possibbel to get a sub abc...inside the larger one....so i would actually trade in any direction...if you see you have the orange fib i would come in if i get a close of a bullis candle above that 61.8....and take it to the 132.8 orange fib...that would be thye first target...it also gets together with the 38.2 fib that would make price come down from the green fib...if price to come short i would come in if price closes below white fib 61.8 the small white fib...and take it to the second with fibb below...what makes this nice...is that major support comes in from that low and price can stall there...

If you guys have any questions let me know....or if you whant me to analyze a different currency let me know...

Also if you guys whant i could go on detail on my strategy...This thread is up for any qquestion of such...Alright guys iam going to hang out for a littel while...and i will be waiting for a question...or if you whant me to anylize the market.

Alrigtht guys either way i will be posting updates of certain currencies...of what i see...and if any currency is requested i will do it.

Alright guys this is an update on the gbp/usd

I will explain on the fallowing post.

Well what i see in the market right now is that price is finding resistance on the orange fib(61.8) whats this shows us is that price is battling it out...in order for me to enter long i would have to get a close above the 61.8 and i would aim for 132.8 orange fibb...and to enter short i would have to get a close below the littel with fibb...if the happens my limit would be the first white line...if you whant to play it less risky...and if your more agressive it would be the second target...

hi,

Is it possible to analyse the gbp/chf post and also to mention the strategic entry points on st trading and mt trading. Also would appreciate views on eur/aud and eur/cad. thanks

Yep np...give me a sec while i set up my charts and i will start posting...

If you could elaborate on your gbp/jpy chart, like what is the levels to enter short and long positions like what you have done for usd/jpy. thanks

By the way it is fantastic you have started this thread.

I will post more then one chart...the first chart is going to have some of the fibbs and i will explaing the information those fibbs represent..then once i explaing that i will place the other fibbs on another chart so that i dont loose you...and lastly ill place a chart with all the fibbs...

Thanks

First Chart 1-3


I will explaing in detail on the next post...

On the above chart what iam see are major reversal points...this are points that as an intraday trader one must be aware of ...as you can see price rallied up and hit the red fibb...that fib is the 61.8. see if you are trader that does not pay attention to certain reversal areas..you can get pop by the market...so as a trader we whant to try and avoid this bad trades by knowing that this are areas that alot of sellers my jump and short.

now the blue fibbs are areas that the market my find support and keep on going with the new trend....remember you always whant to give more power to the major trend and to me that is the red fib...remeber the tren is your freind...so a probabilty of having a better trade is higher...

If you guys have question let me know while i will set up the other chart with the other fibbs...