Aud/usd system analysis

I'm not trading today, but isn't Fibonacci amazing!

from the 15 minute


into the 240


gotta love it!

AUD/USD

(these charts and the full analysis can be found inside Mme's website, WTForex)


Dan

GOLD!

Dan

AUD/CAD

(Check the back (free) page of Mme's website too))

Dan

AUD/JPY

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Attached Image (click to enlarge)

(Check the back (free) page of Mme's website too))

Dan

EUR/USD

Monthly candle chart show that we have been in a downtrend, making swings lower, since hitting the high of 1.6037 on July of 2008. We are well below the 2012 midpoint 1.3585, we now look toward the bottom FibZone which is from 1.2543-1.2248. If we get an open below the 1.2248 mark, we look to 1.1503 when looking at monthly candles. In the other Monthly candle chart we have the dynamic fib tool which shows that the price had tried to break below the 78.6 sub-barrier but couldn't open below it to continue down. We retraced and now sit a little higher than the 61.8 main barrier (1.2852) with price action at 1.2926. If we get an open below the 61.8 we look to the 100% Target 1 (1.1435), but like anytime we go from the 61.8 to the target 1 100% we keep an eye on the 78.6 sub-barrier.





Weekly Candle chart shows the last downswing that we have been working, from 1.4939 to the recent low of 1.2857. We currently have a break under the Fib Zone trouble area of 1.3026. The new 2012 Fib Zone bottom to watch is from 1.2661 - 1.2495. Upon a break below the 1.2495 point we look to 1.1964 in the Weekly candle chart. After any targets are hit we will look for a retrace keeping an eye on the midpoint 1.3354.




If we look at the Dynamic fib chart for the Weekly candle we see the same Downtrend. The first swing of this downswing is complete, so we take the second swing now, 1.4548, 1.3144 and 1.4247. As you can see we have come very close to the 100% target 1 (1.2843) making it to 1.2857. !.2843 is our area to watch, if we're going to go lower we want a break below the 100% target. Upon a break we look to the subtargets 138.2%, 150% and finally the 161.8 Full Target 2 (1.1975).





This Daily candle chart is showing the Monthly high lows. If we are to make a break passed 1.2857 we have a nice large gap to the next Monthly mark of 1.2643







In the Daily chart with the Dynamic Fibs we have a couple of swing, which you can see how larger and smaller swings work together. Fibonacci retracements are static and do not change, but the Fibonacci calculations are dynamic and always change...this is why you need to get an A/B and C in order to really pinpoint the Fibonacci targets. You can also see how smaller Fibs work inside of larger Fibs...just as every timeframe has it's own swing, yet all timeframes work together. All timeframes have their own Fibonacci targets, which they all work together. This is why Fibonacci numbers DO NOT lead to being a self fullfilling prophecy. We do not look at One Fibonacci set, just as we do not look at only one timeframe. All price action that happens in the smaller timeframes dictates our new larger targets.

Dan

AUD/USD 480 targets hit and close to the Daily target. Now we watch the Daily chart to see if we're going to hit 1.0403 and 1.0464 of the Daily Fib Zone trouble area. To go higher we want to see a break of the 1.0464. If we begin to retrace we look to the midpoints, starting with the smallest time frame working our why up through the time frames.

Dan

AUD/USD

Dan

GOLD

We have said before Gold is not going down until the 1505, and 1497, is taken out. Now we made a 1614 high, to go higher we need to open above the 1610 point (of the Weekly Fib Zones). If we mange this we have some other levels to stay above in the larger time frames, such as the 1615 of the Monthly...then the 1629 of the quarterly calculations. In order to make it higher we need to break through these areas of resistance and sit atop of them finding support. If we fall short of these areas we look back down 1562, 1544/34 and the 1505/1497 area.





Dan

Hit a target, retrace. Monthly S & R

Europe is coming on...time for the whack, whack!

Wait for direction, not false breaks

EUR/JPY




(full analysis inside Mme's website, WTForex)


Dan

Updated GOLD charts






Dan

Dan

The market has enough for the day, Euro Whacked all over with none stop talk about Fundamental news, people never learn, our Eur/nzd has gone down nice and smooth, we came to the weekly support and stopped there. the bottom of the zone is 1.6382 and must remain under to complete our swing and reach our target of 1.6203 and beyond, tomorrow is NFP, so as we said before, there will be a lot of none sense moves as always happen in that day, tomorrow you will hear risk appetite back to the market, Markel got Married to Sarkozy and Dan still sleeping not driving good luck to you all.5 charts attached monthly, weekly , daily, 4H and 1H

Attached Image

NFP!

I'm just on the sidelines now, NFP ain't my thing...I'm out of all positions.

Be safe all. remember to protect your entry, protect your profit and take profit.

Attached Image

Don't let NFP give you the Whack, Whack!

Get ready

1.2000 not far only 720 pips

Nice chart Mme!

It's better than a nude chart...errrr, or is that naked trading. No..no...naked charts!


Dan