DislikedMonthly Chart - BULLISH
1) We have a primary uptrend from 01.02.2002 wich was recently confirmed at 01.01.2012 (3rd trendline touch and reverse).
2) We also have a hammer candle in a good spot, at the bottom of the range from 1.4607 - 1.2662 and it was confirmed by a higher monthly close,
this means buy.
3) The current correction (1.2635 - 1.3486) is a intermediary trend (30+ days) and is impulsive for the 2002 primary uptrend and corrective for the latest primary downtrend (1.6038 - 1.4548) trend (4+ years), however considering the current...Ignored
Very very nice, I appreciate the work required to complete such analysis
When you bring in monthly weekly charts must remember they can take months even years to play out.
I still believe EU is running rogue, has been for awhile, this is because of all the bs fundie influence, trader sentiment etc etc for the last 2 months
We posted our Nov Dec trade plan in Oct, to sell her hard, Jan we left her alone, historically "bull" and this month "confused" accordingly we have been scalping her ass,
She is presently in no mans land, and we have reverted to scalping specific levels only, as posted.
We are presently concentrating on her sisters Kiwi & Aussie, they are behaving much more conservatively, and accordingly easier to trade,
Yen prs are being heavily manipulated, they have always been the most volitile of prs to trade, volitility we do not mind, historical lows are always dangerous to sell, hence "scalping" anyone buying 116 50 zone could possibly have there retirement trades already,
Cable excepting last Thur & Fri however like Kiwi and Aussie, have produced excellent returns, all 3 may produce excellent pips next week possibly 2 considering they have been bull ascending Channels 4hr & daily
1 of our triggers is swissy, again heavily manipulated, however not passive and if and/or when SNB decide to intervene many will be burnt, if this co insides with BOJ most will be burnt.
Our primary aim is to be patient until this months close and/or our ladies start working in sync, and then reassess,as stated eu is presently rougue and yen is being recently passively, heavily manipulated
It is very nice seeing you consider the higher TF's in your analysis, the key word as we have repeatedly posted, scalp lower tf,s only, be patient, trust your levels, squeeze sl,s get to BE asap
If you are getting stopped at BE, dont panic, PA is crazy recently, ping pong / sideways bs, perhaps minor tweaks required to mm, however when and/or if the markets settles down, normal trading can resume
PS when we think we have pa down pat, boom, she slaughter us,
We are already short Kiwi Aussie and will be looking to defend Mondays open and add, EU no entry yet, but will defend Mondays open Cable we will defend Mondays open however negated if 5929 breached, Geppy will defend Mondays open, negated if 130 83 breached
If you are new to Forex? Say Goodbye to your account!!