- #9,222
- Mar 6, 2012 3:54am Mar 6, 2012 3:54am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
NZD/USD
All movment has moved past the smaller charts, we are in the 480 chart to contain the movment, LOL. Go PIPS!
- #9,223
- Mar 6, 2012 4:02am Mar 6, 2012 4:02am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
GBP/USD
Almost made it to FibZone shaded area!
- #9,225
- Mar 6, 2012 4:35am Mar 6, 2012 4:35am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
AUD/USD
Okay, right passed our 161.8 of the 480 swing. Now we have 1.0538 secondary support on the FibZone (purple line)...if we make it passed there we have to move to another larger time frame to get targets!
- #9,226
- Mar 6, 2012 12:06pm Mar 6, 2012 12:06pm
Next after nex EUR/SEK
This one needs patience for next one
Attachment
Attachment
http://www.wtforex.com/analysisatrades.html
http://www.wtforex.com/analysisatrades.html
- #9,227
- Mar 6, 2012 12:27pm Mar 6, 2012 12:27pm
AUD/USD WHAT IS NEXT
http://www.wtforex.com/analysisatrades.html
- #9,228
- Mar 6, 2012 3:24pm Mar 6, 2012 3:24pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
AUD/USD
- #9,229
- Mar 7, 2012 4:11am Mar 7, 2012 4:11am
EUR/SEK, WE CLOSED THIS ONE WITH 1200 PIPS SINCE WE STARTED THE NEXT BY NEXT 
http://www.wtforex.com/analysisatrades.html
- #9,230
- Mar 7, 2012 3:26pm Mar 7, 2012 3:26pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/USD
Okay, lots and lots of pips the last few days. I hope everyone did well!
Levels up, levels down are on the charts. Supplied Weekly and 240. We want to see if we find support at 1.3145 or if we fall, and open below with a good full body candle to continue down. The market will let us know.
Dan
- #9,234
- Mar 7, 2012 10:57pm Mar 7, 2012 10:57pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
GBP/USD
In the Weekly Chart we have consolidation working a few tiers here. From 1.5857 to 1.5650...then we have 1.5281 below, should we get a good candle below 1.5650. If we jump above 1.5857 then we have 1.6020 in this larger timeframe.
Jumping down to the 480 chart we have a dynamic fib tool and some FibZones. In order to move down we need to stay underneath the 1.5751 FibZone to 1.5771.
Dan
- #9,235
- Mar 8, 2012 4:34am Mar 8, 2012 4:34am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/JPY
Dan
- #9,236
- Mar 8, 2012 4:42am Mar 8, 2012 4:42am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/USD
Dan
- #9,237
- Mar 8, 2012 4:50am Mar 8, 2012 4:50am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
NFP is Coming tomorrow!
It is best viewed from a four or eight hour candle...
* your lucky number is 161.8 *
Be careful with your positions!
Dan
- #9,238
- Mar 8, 2012 5:09am Mar 8, 2012 5:09am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
NZD/USD
Dan
- #9,239
- Mar 8, 2012 7:44am Mar 8, 2012 7:44am
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
NZD/USD
Here's an updated 240 chart. We hit a sub-target, then we retrace...to where? To the 100% Target 1. Now we wait to see if we break the 138.2% sub-target to go to the next...or if we break below the 100% in order to go toward the 61.8% barrier, noting the 78.6% sub-barrier on the way.
Dan
- #9,240
- Mar 8, 2012 4:50pm Mar 8, 2012 4:50pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Keep in mind NFP is tomorrow. It is best to wait until the madness is done, then look for price to establish movement against technical levels.
AUD/USD
Here is a discussion on the AUD/USD movement...and what to look for.
What comes to mind when I think of this question is that we don't take swing or position trades during periods of consolidation. We scalp periods of consolidation...and the EUR/USD and AUD/USD love to consolidate. Although the AUSSIE consolidates in a much larger range than the EURO.
We analyze from the large timeframe down, we may see a different picture than if we were analyzing in the 4hr, 2hr, 1hr or 30 min.
Starting in the Weekly chart we can see that we had some nice entries back in 6/10 working up with room for multiple entries, and again 11/11 working up. I circled the area we have been at recently...which is consolidation. So we'll look at why the market is consolidated at this point. With the first swing going up we use our dynamic fib tool. It shows that 1.0841 is the 61.8% (barrier). We will have a tought time getting passed this once we hit this area (hence consolidation). Same timeframe, but looking at the smaller up swing, you notice that now the price had come to our 78.6% sub-barrier. We never got a good candle above this point. Still in the Weekly we have our first swing down, we made it to a retracement of 78.6 of the first swing down.
We'll then move down to the Daily chart. You can really see the consolidation in this timeframe. We'll put some support and resistance lines in the Daily chart. This would be the area that we would scalp, if we were going to trade the Aussie at this time. We draw our lines out in this large timeframe and "link" them into our smaller timeframes. Then we place trade scalping between the lines, waiting for confirmation of a swing down (C turning to A) or a swing up (C turning to A). If we put a dynamic fib on this swing we see we have made it to the 138.2% (1.0850) sub-target. We aren't going up until we make it passed this point.
Because we plan in the larger timeframes, and execute in the smaller timeframes I find it difficult to take a trade for two days or more when this doesn't have a technical base, or technical verification (Counting candles in a Gartley for instance). In the same way it would be difficult to set a target of 200-250 pips. Our targets cannot be arbitrary and have to be specific to technical levels. Sometimes we have bands of technical level stacked on top of each other, while other times we get good spans.
After linking the support and resistance we had in the Daily Consolidation we can then look to execute our trades in the 480 and 240. I'll include those charts as well showing the consolidation lines.
Where are we know? Uptrend, downtrend? Consolidation? I'll let the market tell us that one. But now I'm looking at the 1.0669 area for resistance. If we make it above that...then we have our levels. If we stay below, we have some levels and start to move with the swing down.
Dan