Mme's analysis

Since the head and shoulder formed on the daily chart, Usd/jpy faced very strong resistance at 95 area. since it has been going down but finding support at 88 (Right shoulder ).Daily candles now between the long term down trendline which providing support and the up channel trendlne which providing resistance.T continue down the one hour chart must open and stay under 90.36 ( Daily subbort ) and the short will limit at 9016 which is about 20 pips. 1H char formed a Rising Wedge ( bearish sign ) but the daily chart is in an up channel. 30M chart is in an up channel which recommend a retest of 91.10- 9140 area and if broken the next target will be 91.70-9180 are. your inputs are welcome. i am bullish on Usd/Jpy Since 88.20.

my inpout

i dont care for specific levels too much
but

short term it might drop a bit

a bit less short term than that = lookin up

if the 89.50s area breaks then things wll look pretty bearish

...........30M chart is in an up channel which recommend a retest of 91.10- 9140 area and if broken the next target will be 91.70-9180 are. your inputs are welcome. i am bullish on Usd/Jpy Since 88.20.


I see a very heavy resistance on the hourly set at 91.57 right now(going short there for a quick 10-20 pips). If it breaks above it and holds, then 91.79 is the next target. I would not be long above that level, and short it again just below the 92.00 area.

4 hour Finding support at 08420 area and now pushing higher to next resistance at .8601-.8655 , breaking above will clear the way to .8699 and .8810

Both Aussies and Gbp signaled a buying signals by retesting support .8420 for the Aussie and 1.4420 for Gbp , take advantage 20-30 pips at a time market slow and very thin valume, I am bullish on the Aussie to .8601 and I will buy again above .8509 to go to .8542, .8582, .8601.

For Gbp I am going long again above 1.4520 to go to 1.4562, 14592, 1.4632.

Gbp reach the the target up to 1.4616 resistance, strong resistance in this area is showing, a retest of this area my happen and if took place it is capped at 1.4652, breaking above will lead to 1.4695 and 1.4730. keep in mind 1.4420 acting as very strong support

As for the Aussie, breaking under .8417 confirm the continuation of the down move next is .8260-.8230 breaking under will take us to .8141, above .8417 will retest .8500 area again

Eur/Usd back to the strong support area, in order for the down trend continue Eur/Usd must open under 1.2074-1.2068 area, next target after is 1.1978, 1.1933, 1.1904 and 1.1875

What is so special about 1.1978? What is the point of specifying these targets as long as you don't explain how did find them?

First of all, Euro is in a free fall, the fundamentals rule the market, the president of Germany resigned which is a problem for Merkel and this increases the bearish sentiment. Finding technical targets for Euro right now is an exercise in futility.

So either you throw some light on all your targets or you are here to sell something, as I can't find a reason why you mentioned your winnings which imho can't be made with a MT broker and a real account.

I'd bet the house that the 200+ pips movement without retracement of GBPUSD broke all your resistance zones and of course you "forgot" to comment it.

Having so many S/R zones (and not lines!) on your chart it is inevitable that around some of them the underlying chart will bounce, retrace, break at some time, enough for you to remind us how good you are at finding them.

I am not going to comment on what you wrote, but I will give the answer why 1.1975 is important, hopefully this will open your eyes on what to look for. Euro has been in this area for 3 weeks now, and it has been bouncing from there and when it breaks the low it always bounce back, you may be seeing a free fall but when will happen this is what you have to know. Good luck to you.

So, if the euro is going to fall, it will go through 1.1975, which imho has no special meaning whatsoever other than 25 pips under the psycho level 1.2000. Then it will reach a low, then it will bounce back to 1.1975 and then it will continue south. And only because this was the low of September 2005.

1-I am not sure if you realizing what you saying, I trade currency and every pip count and every level of suport and resistance count on any chart, you may be trading potato and don't take into acount every individual chart levels but I do,

2- I am not sure why you upset, may be because you loosing or you are not reading the chart the correct way, If you don't like what I wrote or what I posted , don't read it and stay happy instead of being upset.

Lol, I'm not losing at all.
I'm just asking myself what is the point of posting all these levels as long as you don't explain them. If you really want to teach a certain methodology open a topic on "Trading Systems".
An experienced trader doesn't think that he can time the market to the pip and makes no assumption about what the market must do. The market doesn't give a shit about your S/R zones, as I said before, if you have enough of them on your chart inevitable around some of them some kind of movement will take place.

You act as a person who just want to show how good it is and maybe attract newbies who will pay for your services. You're nothing but a black box who gives signals.

If you didn't know, this section is called "Trading Discussion". You don't discuss trading, you post market prices. A moderator should see this and act accordingly.

PS. Stop sending private messages.

what kind of software u used

Fibonacci

Since reaching 1.2100 area , Euro/Usd build very strong support at the bottom of the Descending triangle, the free fall in the Eur/Usd will not happen until open under 1.2074 with clear bearish candle on the 4H chart, MACD under Zero line but showing convergence to the upside, The area I am watching for is 1.2330 which acting as resistance, Your inputs are welcome.

Euro Scalping Support and Resistance

Usd/Chf looking to go to 1.1652( first target, and 1.1742 (Second Target), I already cashed in one position, and in for the second one, and will enter for the third one on retracement to 1.1585.Once you turn positive move your stops to your entry or above to break even.

Finally Euro under 1.2000, and as my last analysis we reached the support line at1.1978, I am sure by the opening on Sunday the Euro will be lower ( as usual )
and the new game of support and resistance start again. We will wonder what indicator to use, and what is the entry point and exit, where to to put S/L and where to take profit.

I am a trader like you all, you might think i have an ego or I am trying to show off, but the truth is I have learned my lessons, and educated myself in knowing how the market move. and as we all know the market move up, move down or sideway, but the most important thing for us to know is when the market move ( up-down-sideway) we must know where it is going to stop,we all know that we can not know for sure where it is going to stop, but we can make an educated guess to where is going to stop. The most important point is you have to know all your time frame support and resistance, by know that and plotted them on all of your chars you will know where is the market or the currency support and resistance and from there you will know where it is going to stop.

You must find away to make it simple, instead of driving yourself crazy.We all have to know the weekly and daily range because they are your true support and resistance. Small time frames move according to the large time frame we all know that, so if you know the large you will know the smaller....Etc.

We all trade for a living or to make some extra bucks to improve our living, and we all here to help each other, and i am sure no one win all the time, but the most important is we have to maximize our profit, and this is the only reason I post my analysis here.

Now lets see what up with the euro, this week is over, the area to watch is 1.1978 and next target is 1.1710 but in small swings. So if you trading the Euro watch the two areas and find your support and resistance on any time frame you use.

I have a very good day today, and I hope you all have the same, I only took 2 winner Trades the market came back to my stops and took me out after i moved the stops up for profit, and I am out for the day.

I hope you all had a good week, cash out and stay out,

Last week I wrote about the USD/CHF, the target has been reached 1.1730 12 pips shy of 1.1742, and as you all know we cash out 15 or 20 pips before. Now the focus will be on 1.1585, which should provide support for the next up move to 1.1810 ( 200pips the daily chart ). Turn your focus to the 4H chart, you need a clear bullish candle above 1.1585 indicating a low has been made and you are on your way to 1.1810, stay out if the market consolidate in this area, you have to keep in mind all previous highs and low will act as a minor resistance, from the time frame you trading. Your most accurate time frames to trade are ( Daily, 4H, 1H ). Just remember we trade currency not potato , every pip count.