I am sorry for blocking you, you can post what ever you wish, but please understand, you have your analysis and i have mine, we will never agree on everything, but we all agree we all here to make money
- #142
- Sep 17, 2010 1:33pm Sep 17, 2010 1:33pm
- | Joined Jul 2006 | Status: I'm just saying... | 1,153 Posts
- #145
- Edited 7:43pm Sep 17, 2010 3:23pm | Edited 7:43pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
- #148
- Edited 6:46am Sep 18, 2010 6:16am | Edited 6:46am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Aman, you have a point here, which is the gap, and looks like the market is aiming to fill the [email protected] area. But, we have .9330 to worry about, in the past it was very strong resistance, now very strong support, so if you short just luck profit and wait to see if the market able to break this area, keep in mind gap only happen in the weekend, so lets see this week. And as you see the 4H chart showing the area from .9303-.9324 as strong support if we do not open above .9371 your area as you said a few days ago, as for my position trade my stop has moved from .9100 to .9300, if the gap filled I will get stopped and I will wait to re-enter again. Now in reference to .9732 this is my ultimate goal, but I want you to understand, I do not marry a trade, my analysis telling me .9732 is the area to reach, it does not mean i am right, I may be wrong as I said before. The Technical is telling me .9732 that is why I mention it, But if the market show we are not going to reach this area, I will change direction, but it has to be technical.
In reference to the euro, When I trade the euro, i look at Gbp/Usd, there is a correlation between both movement, Each move independently but the moves are related, But this is too big to discuss here. According to Elliot wave we are going to 1.13-1.10 area we reached as low as 1.1875 now we at 1.31 area , so we just have to play the game and follow the swing, remember what I said, follow the trend and play the swings. Now the bottom line is, there are many analysis out there that will drive you crazy and confuse you, my advise to you is, trade the trend and follow the swings, and never trade without stop loss. I have been trading currency for 11yrs and i seen it all.
In reference to the euro, When I trade the euro, i look at Gbp/Usd, there is a correlation between both movement, Each move independently but the moves are related, But this is too big to discuss here. According to Elliot wave we are going to 1.13-1.10 area we reached as low as 1.1875 now we at 1.31 area , so we just have to play the game and follow the swing, remember what I said, follow the trend and play the swings. Now the bottom line is, there are many analysis out there that will drive you crazy and confuse you, my advise to you is, trade the trend and follow the swings, and never trade without stop loss. I have been trading currency for 11yrs and i seen it all.
- #152
- Edited 11:03pm Sep 19, 2010 10:50am | Edited 11:03pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Nzd/Usd was rejected @ .7395-.7440 as shown on the weekly chart, this area was providing very strong resistance resistance marked buy the White line and support marked by the green line.
As you see on the 4H the next support is between .7210-.7180 area, but we must open and stay under .7245. If we reach .7180 and open under we going to .7129-.7107. Good luck to all of us.
Let us look where is it now to predict our next move, you can use any indicator you wish to help you, or you follow the most logical way i have been using for years, the way we all learn from whoever or whatever, without complication, just keep it simple.
If we face resistance,we expect a pullback, to where (no one knows), but if you know you will predict the next move and you will enter your position, put your S/L, your profit limits and go to sleep. Sooooooooooo, let's put all this to our 4H and look where we are now( keep in mind Support and resistance are weekly not 4H ) sooooo you are trading the weekly chart from the 4H chart and you must know your 4H support and resistance to maximize your profit.
Now, let us put Pivot points to the 4H and it must be the weekly pivot. The pivot you will see is the most accurate pivot I use. White is resistance, Green is support, Red is pivot point.
As you see on the 4H the next support is between .7210-.7180 area, but we must open and stay under .7245. If we reach .7180 and open under we going to .7129-.7107. Good luck to all of us.
- #154
- Sep 19, 2010 5:15pm Sep 19, 2010 5:15pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Usd/Jpy starting the week with a sign of bull control, if able to stay above 85.95 we may be heading to 87.73 take a look at your weekly chart, but on the way up we have to watch for 86.60, 87.13 and 87.73
- #155
- Sep 19, 2010 10:03pm Sep 19, 2010 10:03pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Nzd/Usd at pivot point resistance
Anyone working today? or you guys made a lot of pips last week
[size=3]Nzd/Usd was rejected @ .7395-.7440 as shown on the weekly chart, this area was providing very strong resistance...
- #156
- Sep 19, 2010 10:40pm Sep 19, 2010 10:40pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Cad/Jpy Support and resistance the eye on 84.32, but must stay above 83.05
- #158
- Sep 20, 2010 5:57am Sep 20, 2010 5:57am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Gbp/Usd support and resistance
Few days ago 1.5330 held the down move for Gbp, now at 1.5660 and pushing higher as most of the currencies against the Dollar.Gbp must break and stay above 1.5722 to continue the up move to 1.6061, 1.6278 and 1.6318. Support at 1.5630, 1.5536 and 1.5480
- #160
- Sep 20, 2010 7:34am Sep 20, 2010 7:34am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Cad/Jpy 83.05 holding, keep an eye on it, the move will be fast
Cad/Jpy Support and resistance the eye on 84.32, but must stay above 83.05
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