Trend Trading With Support and Resistance

EURUSD AND USD JPY were about the safest two trades i could find today


happy trading all you system slaves(LOL)


nicholas

www.123-trend-trading.com

gbpjpy

down trend continuation


nicholas

www.123-trend-trading.com

Looks like the uptrend is back on again,

monthly swing up
daily uptrend and current retracement
with the 4hour last lower high from the daily retrace having just been breached.

nicholas

www.123-trend-trading.com

FX Pairs

looks like a major decisions for next major move being set up at the moment on the majors.


nicholas

www.123-trend-trading.com

GBPJPY


continuation of the downtrend from the last chart i posted

EURUSD

everyone is trying to second guess this pair so lets take a look

MONTHLY - is in a corrective swing up against the yearly downtrend,with resistance for the weekly corrective swing at 4251 still some room on the long side.

WEEKLY - uptrend which is the corrective upswing on the monthly is currently showing signs of weekness which may well be a temporary retrace down to support at 1.33334.

DAILY- uptrend, now in a corrective single swing down , still some room down to support at 1.33334 but its a single swing down at the moment and no downtrend confirmed yet until we break 1.36963.

4Hour - currently in a downtrend from the break of 1.38881 and resistance for stops above 1.3976 which may well be the beggining of the second leg of the daily correction down to 1.33334

all in all its a risk to try and go for the 2nd leg down from this point but if you have pips in the bank from the this week it might be worth it or wait for a break of 1.36963 and sell on rallies.


nicholas

www.123-trend-trading.com

swissy,is now in a confirmed up trend but beware its not a weekly reversal yet so still class as a major retrace up to old support becomes new resistance.

trade with the trend ,buy on dips from the 4hour with entry from the 60 minute


nicholas

www.123-trend-trading.com

cable break below 1.56486 on the daily confirms trend down which is a retracement against the weekly uptrend.

If it breaks, sell on 4 hour rallies with entry from the 60minute down to support at 1.5052.


nicholas
www.123-trend-trading.com

Thanks nicholas, I have been watching the waves and fractals as you outline them, but it really needs a proficient understanding of higher timeframes and their leading role.

Below is a chfjpy 15min. I am NOT an intraday trader, but I was demoing some concepts and wanted to see how they play out on lower TF`s.
Well, as you can see I was expecting support to hold, but after the drop I remembered your way of labeling and " counted " ( without any EW aspect to that ).

I have been to your website, but having spent so much over the years I am naturally sceptical.

Instead of 3 courses and some mentoring I would join a monthly service, just like james16 here or Bobokus do, with approx. 129 - 150 USD /mo.

Just an idea.

Regards & best wishes.

_________________
michael

Hi Michael,

i appreciate your input here, however i have no interest in starting a monthly service , my main occupation is trading and teaching anyone who wants to learn is just a sideline to pass the time and network with others who have an interest in trading the markets.

nicholas

Nicholas,

I think you will find that some traders do have the ability to identify a trend and a trend change so please spare us the bull when posting as it is offensive and unnecessary.

As far as I can see, you are using indicators similar to moving averages to identify when one timeframe moves in to another, hence creating your interpretation of Elliott waves. This only works when the timeframes are spaced at 4 to 5 multiples which I notice in a few of your examples they were not so I am guessing you’re curve fitting. Hence the reason for not running a subscription service !

This is not unique and there are many ways of achieving something similar if you are willing to experiment with indicators of this type.

Sorry to pick at you as I think you are providing a useful learning facility for newbies but please cut the insults to other traders who could pick holes in a few of the trades you have posted.

Cryton

^ Owned.

Cable daily uptrend continuation.



nicholas


www.123-trend-trading.com

^ Owned.

EURJPY

MINOR RETRACE CONTINUATION TO DAILY UPTREND


nicholas


www.123-trend-trading.com

^ Owned.

EURUSD

MINOR RETRACE CONTINUATION TO DAILY UPTREND


nicholas


www.123-trend-trading.com

^ Owned.

GBPJPY

Daily uptrend continuation with contracting triangle continuation break out pattern.



nicholas


www.123-trend-trading.com

^ Owned.

Giving these after the fact screenshots does nothing but expose your whole £3k 'training' package and also prove that you can't show examples before the fact, and put your ass on the line like a real commercial member should.

BEFORE

EURUSD AFTER THE FIRST POST


nicholas

www.123-trend-trading.com

FOR YOU SIM (OWNED)

EURJPY

another minor correction to the dialy uptrend with 2b continuation entry pattern.

nicholas


www.123-trend-trading.com

GBPJPY


Daily uptrend with minor correction and 2b entry.


nicholas


www.13-trend-trading.com