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Aud/usd system analysis

  • #2,681
  • Feb 7, 2011 9:15pm Feb 7, 2011 9:15pm
Dan, i am answering to joe, because he wants to sell

Quoting gonefishin
Wouldn't more support make it stronger, until proven otherwise by a move? Why is it a dangerous zone if it stays above? Just asking so I can understand better.



thanks,
Dan
  • #2,682
  • Feb 7, 2011 9:19pm Feb 7, 2011 9:19pm
I see...thanks!
  • #2,683
  • Feb 7, 2011 9:21pm Feb 7, 2011 9:21pm
ok so when u have a clump of support resistance stay out till its more defined what would be a breakout than on that chart or any chart you are looking at
  • #2,684
  • Feb 7, 2011 9:28pm Feb 7, 2011 9:28pm
, the way you do is, you wait to see if the market will try to break it again, if not you go long to next resistance and wait to see the next move.
Quoting joeyv33
ok so when u have a clump of support resistance stay out till its more defined what would be a breakout than on that chart or any chart you are looking at
  • #2,685
  • Feb 7, 2011 9:31pm Feb 7, 2011 9:31pm
Hey Guys and Gals, Just wanted to stop by and say hello..WOW MME... You've outdone yourself today Charts are awsome and Im wore out trying to study so Im headed to bed for work tomarrow. Nice trades today and some good set ups too..Work tomarrow and back here tomarrow nite ,then off work till Friday. Counting down the days and ready for school. As I said many times..... MME is KING!
  • #2,686
  • Feb 7, 2011 9:35pm Feb 7, 2011 9:35pm
GN sniper, we will watch the pips for you

Quoting forxsniper1
Hey Guys and Gals, Just wanted to stop by and say hello..WOW MME... You've outdone yourself today Charts are awsome and Im wore out trying to study so Im headed to bed for work tomarrow. Nice trades today and some good set ups too..Work tomarrow and back here tomarrow nite ,then off work till Friday. Counting down the days and ready for school. As I said many times..... MME is KING!
  • #2,687
  • Feb 7, 2011 9:36pm Feb 7, 2011 9:36pm
take care Sniper...get some ZZZzzzzzz's

Dan
  • #2,688
  • Feb 7, 2011 9:40pm Feb 7, 2011 9:40pm
Thanks
  • #2,689
  • Feb 7, 2011 9:56pm Feb 7, 2011 9:56pm

Joe, take a look at the Eur 12H

Quoting joeyv33
ok so when u have a clump of support resistance stay out till its more defined what would be a breakout than on that chart or any chart you are looking at
Attached Image (click to enlarge)
Click to Enlarge Name: S & L LEVELS 10 Feb. 07, 2011 22.54.jpg Size: 129 KB


  • #2,690
  • Feb 7, 2011 10:04pm Feb 7, 2011 10:04pm
Leelar, do you see where is Eur/Jpy now, from yesterday.
  • #2,691
  • Feb 7, 2011 10:21pm Feb 7, 2011 10:21pm
Mme,

I know that you have said watch the JPY and CHF crosses. But I'm looking at all the currencies I have and notice the EUR/GBP.

After writing the first few sentences I figured I had better go review the pair. I look at it in the 4hr and I see a good downtrend for the last two weeks after hitting the monthly high. Ok. But wait...I had better back up and look at things in the largest time frame first. Once I got down to the daily candles it was much more revealing.

Thanks Mme!

Dan
  • #2,692
  • Feb 7, 2011 10:30pm Feb 7, 2011 10:30pm
so are we looking at it to test the 3670 and the 3473 a break of either
  • #2,693
  • Feb 7, 2011 10:32pm Feb 7, 2011 10:32pm
1.3646, 1.3670 and 1.3473, yes

Quoting joeyv33
so are we looking at it to test the 3670 and the 3473 a break of either
  • #2,694
  • Feb 7, 2011 10:33pm Feb 7, 2011 10:33pm
Good Dan
Quoting gonefishin
Mme,

I know that you have said watch the JPY and CHF crosses. But I'm looking at all the currencies I have and notice the EUR/GBP.

After writing the first few sentences I figured I had better go review the pair. I look at it in the 4hr and I see a good downtrend for the last two weeks after hitting the monthly high. Ok. But wait...I had better back up and look at things in the largest time frame first. Once I got down to the daily candles it was much more revealing.

Thanks Mme!

Dan
  • #2,695
  • Feb 7, 2011 10:45pm Feb 7, 2011 10:45pm
Quoting Mme
Leelar, do you see where is Eur/Jpy now, from yesterday.
sorry, my limited time only allow me to watch EUR/CHF. I m trying so hard to find out how to play it.(only on daily bar)

I think it is on consolidation point, waiting for it to past 1.3068, then I will probably play it to previous monthly high 1.32. This is like my first try on your method. I should be thinking about weekly high first. I am not there yet.

let me load a chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 2011_02_07_2345_eurchf.jpg Size: 85 KB


I can't tell how much I appreciate you reaching out to help!!!
  • #2,696
  • Feb 7, 2011 10:48pm Feb 7, 2011 10:48pm

Quoting leelar
sorry, my limited time only allow me to watch eur/chf. I m trying so hard to find out how to play it.(only on daily bar)

i think it is on consolidation point, waiting for it to past 1.3068, then i will probably play it to previous monthly high 1.32. This is like my first try on your method. I should be thinking about weekly high first. I am not there yet.

Let me load a chart.

Attachment
eur/chf daily
Attached Image (click to enlarge)
Click to Enlarge Name: S & L LEVELS 11 Feb. 07, 2011 23.47.jpg Size: 131 KB

Attached Image (click to enlarge)
Click to Enlarge Name: S & L LEVELS 12 Feb. 07, 2011 23.49.jpg Size: 69 KB

  • #2,697
  • Feb 7, 2011 10:52pm Feb 7, 2011 10:52pm
Relax time gus, later
  • #2,698
  • Feb 7, 2011 11:00pm Feb 7, 2011 11:00pm
I gotta work tomorrow, I'll check in when I can.

I hope there is rain in the forecast for everyone!


Thanks Mme!

Dan
  • #2,699
  • Feb 7, 2011 11:06pm Feb 7, 2011 11:06pm
Quoting Mme



eur/chf daily
Attachment
Attachment

Looking your chart is very attractive 'cause it did lined up with S/R nicely. I just don't know how to trade the on the right of the last bar yet.

I am thinking about just try it out with demo and learned from it, winner or losser.

Leelar.
  • #2,700
  • Feb 8, 2011 6:27am Feb 8, 2011 6:27am
Kooooooooooooooh, 1,2,3,4, i am not sure how many you grabbed, i hope you got them all

Quoting Koh Samet
Mme

Unbelivable and to the pip....you have opened my eyes


Koh....
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