Aud/usd system analysis

goooooooooooooooooooooold, almost at the weekly target. From $1477 monthly support up to $1593 IT IS going and going and going. THEY SAID SELL GOLD TO BUY EURO, IT IS BUY GOLD TO REACH $2100 BY THE END OF THE YEAR. FIBONACCI DOES NOT LIE. IT IS ALL SUPPORT

http://www.forexfactory.com/attachme...7&d=1307652177

Hello to all

Week three is on the way, as usual we all traders sitting analyzing trying to figure out what is the next move for the currency we trading, we all have our analysis, we all analyze the market different, some will look at the large time frame and the others will look at the small time frame, when looking at your time frame just make sure you are going with the trend not against the trend, most traders lose money trading against the trend, if the trend is up you buy and keep buying until it die, if the trend is down you sell and keep selling until it die. Try to keep it simple, don't try to talk fundamentals, fundamental news built in the trend, fundamental news is just a tool to complete the original swing and to complete the retracement, you must know you support and resistance ( actual support and resistance ), you must know what level has been broken and what level has not been tested, once we break a level, you look for the next one but you have to make sure the retracement is done, nothing go up forever, nothing go down forever, it level by level, target by target, you don't have to be a rocket scientist to figure this out.

When a currency consolidate, stay out until the consolidation is done, some consolidation range between 60 to 90 pips, others range between 120 to 300 pips, some will take a few hours or a day, the other may take weeks or months.

When you take a trade just make sure you are

1- Taken a trade you understand

2-The trend is in your favor

3-Are you going with the trend or coming in on retracement.

4- And most important of all, you have a reliable broker, if not change your broker to a more reliable one ( by the way I haven't seen any reliable broker yet ), they all Bla, Bla, Bla

Make sure you have fun when you trading and do not stress yourself out, you don't have to trade everyday, the market is open 24H a day, 5 days a week.

Know the currency you trading, they all have different personality, some currency loves backing and filling ( EURO ) the other will take months to make a move ( USD/JPY ).

I will be focusing on the Kiwi and the Kiwi crosses, it does not mean i will ignore the other currencies. KIWI has reaches most of my targets i have mentioned before and still more to come, Follow my analysis @ www.wtforex.com, some on videos and some written.

Eur/Usd, bullish flag on 1H chart, pay attention to it, Good luck to us all.

http://www.forexfactory.com/attachme...7&d=1307652177

EUR/CHF

Looking at the LARGE swing in the monthly candles, it has completed target 1 (1.2916) and is headed near target 2 (1.1352).

Daily candles are at new low levels. What we can see in the daily candle chart is the previous consolidation after we reached monthly target 1.


Okay, the other time frames are the ones we look in, the 240 is the one we work in. We had some consolidation at the 61.8/1.1934 (of the earlier swing), then it blew through target 1 (1.1789) and reached target 2 (1.1535) where it has consolidated.


Now we sit reaching as low near (1.1495) the 38.2 (1.1487). Once we break the 38.2 we work level by level, next is the 50% (1.1414) then the important 61.8 (1.1342)...which is close to the monthly candle target 2 (1.1352).

Of course, in the back of my mind is another intervention. These are all just my thoughts, and do not represent anyone else.

Dan

Thanks Mme...great advice that is easy to forget. This is the stuff that I/we need to grind into our minds so it is common thought.

Thanks...have a great week!
Dan

These are the areas I'm looking at for my EUR/USD Daily and 240 chart.

Dan

EUR/NZD

Level by level
Dan

I really also need to add a thank you to Mme. Setting aside the fact that you're really a great person, you are a great teacher as well. I owe all my analysis and success in the Forex market to you. I would not have even come close to approaching the level of analysis if it were not for you and your classes.

I thank you and the Bionic Woman as well!


Dan

AUD/CAD

Dan

AUD/USD
Still in a range...

Dan

EUR/JPY
http://tracywildlife.org/crawda2.gif

Dan

IT IS there man, what a great start for the week. I am going to leave the analysis to you, i will follow what you say with close eyes.
Baaaaaaaaaaaaaaaaaam

Quoting gonefishin

Disliked

eur/chf

looking at the large swing in the monthly candles, it has completed target 1 (1.2916) and is headed near target 2 (1.1352).
Attachment

daily candles are at new low levels. What we can see in the daily candle chart is the previous consolidation after we reached monthly target 1.
Attachment

okay, the other time frames are the ones we look in, the 240 is the one we work in. We had some consolidation at the 61.8/1.1934 (of the earlier swing), then it blew through target 1 (1.1789) and reached...

Ignored

Attached Image (click to enlarge)

and gggggggggggold has reached the target. Bam, bam, bam

Attached Image (click to enlarge)

almost there 20 pips only

Quoting gonefishin

Disliked

these are the areas i'm looking at for my eur/usd daily and 240 chart.

Ignored

http://www.forexfactory.com/attachme...3&d=1310952669

...and USD/CHF has reached next level, BAM!

To the pip!

Dan

I love it Dan, bam after bam, LOl




,

http://www.forexfactory.com/attachme...3&d=1310952669

http://www.clicksmilies.com/s1106/ak...smiley-064.gif <--- BAM!

Oh Leonardo Fibonacci Sorcerer, where oh where will the market go to next?

This one is done too , bam

http://www.forexfactory.com/attachme...3&d=1310952669

Amazing stuff, that this Fibonacci guy can do...it is amazing!