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  • #461
  • Mar 17, 2012 9:16am Mar 17, 2012 9:16am
AUSSGD billateral pattern, 2 way solution.
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  • #462
  • Mar 18, 2012 4:07am Mar 18, 2012 4:07am
Quoting fxgroup
Take a look at this !
Looks amazing , but there were fake brakeout for few days and I guess BOJ intervention and was not force to stop price way up everybody got to that train.
  • #463
  • Mar 18, 2012 7:28am Mar 18, 2012 7:28am
Still learning, welcome for all kinds of teaching, criticism and input. Thanks in advance!

Month: Trendline break, and double bottom, whether this would be a valid long entry? I feel confused whether this would be still bearish in month chart

Weekly: Price close above 130~ 130.52, whether a valid long entry while pull back?

B.R.
Raymond
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Outcome is not important at all, but correct technique is what only matters
  • #464
  • Edited 3:19pm Mar 18, 2012 2:36pm | Edited 3:19pm
It looks like DB so T as I pointed out.

I realized that I analysed this pair 25 th Feb, below is previous chart 3 week ago . Looks interesting ;-)
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  • #465
  • Mar 18, 2012 5:43pm Mar 18, 2012 5:43pm
GBPJPY

126.31 is a very important W level and after the P close above it the W PB and the DB D were another opportunities to rejump in .
With some partial profit at 134, the 1.35 is the next target..but don't forget about 1.32 (where the P is right now) for MM !
Nothing personal,just business
  • #466
  • Mar 18, 2012 6:12pm Mar 18, 2012 6:12pm
The first good entry point would be around 126.58, i missed

Now waiting for the 130 entry, i.e. weekly close above and retest entry

I use the high/low point of the candle's extreme point, so the target is 137

Is this computation wrong or ok? Thanks!
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Outcome is not important at all, but correct technique is what only matters
  • #467
  • Mar 18, 2012 6:55pm Mar 18, 2012 6:55pm
Quoting Dariusz
AUSSGD billateral pattern, 2 way solution.
Isn't aussie / sin dollar?
Interesting!
What is the broker you used?
  • #468
  • Mar 19, 2012 1:47am Mar 19, 2012 1:47am
Quoting yongezy
Isn't aussie / sin dollar?
Interesting!
What is the broker you used?
Hi youngezy,

It is , and broker fxpro.
  • #469
  • Mar 19, 2012 3:51am Mar 19, 2012 3:51am
I use the high/low point of the candle's extreme point, so the target is 137

Is this computation wrong or ok? Thanks![/quote]
--------------------------------------------------

It looks good for me.
I found this target upon former lowest M 1.05.1995 candle close .
  • #470
  • Mar 19, 2012 5:10am Mar 19, 2012 5:10am
Hi FXGroup,

I start to make some money for the last 3 weeks use the method you taught me. Feel really good! Thank you!

Which one of these two are right? It makes me headach. When I check my analysis last week, I found there are difference between these two. I can not make a consistence judgement.
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  • #471
  • Mar 19, 2012 5:33am Mar 19, 2012 5:33am
Hi Oliver, if it makes you headachs, then stop looking to this pair !
The W chart and M don't have a RM with only one R level (but is involved in what we are calling market extension) and this is the reason why sometime it becomes difficult to fix a very precise target.
The best way to get out of market when you are with buyers, is to read the price and when you will see sellers in market, you know what you have to do.
Otherwise you have to consider that you are in a bullish trend and if you have enough space to let the trade breath, you could stay in market as long as the trend remain bullish. When the trend doesn't respect anymore the characteristics of a bullish trend you just get out of the market...just as simple as it is !
Remember that reading the price, will tell you what to do in every market and in any market's condition (trend, RM, congestion, etc).

P.S. Very glad that you find it useful and thank you for the partecipation !
Nothing personal,just business
  • #472
  • Edited 4:57pm Mar 19, 2012 4:42pm | Edited 4:57pm
EURNZD, Waiting for breaking above the top of the wedge.
We have to be patience.
T might be lower 1.858.. now I see ;-)
Fxgroup what do you think it is time for 2 nd shoulder ?
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  • #473
  • Mar 19, 2012 6:44pm Mar 19, 2012 6:44pm
EURNZD, if the falling wedge would come, it is a big target.

Currently, it is RM in daily and weekly

I would like to
- seek short opportunity around 1.6100~1.6150
- seek long opportunity around 1.5735~1.5700


If the top or bottom of the box broken, then seek opportunity at retest.


BTW, in the weekly chart, from 2010.12~2011.3, i am afraid there is a real falling wedge achieving the target.
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Outcome is not important at all, but correct technique is what only matters
  • #474
  • Mar 20, 2012 6:43am Mar 20, 2012 6:43am
GBPAUD weekly, falling wedge?

The target would be 1.59

Now, waiting for a retrace to 1.5, expecting the 1.51 resistance to block it.
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Outcome is not important at all, but correct technique is what only matters
  • #475
  • Mar 20, 2012 6:52am Mar 20, 2012 6:52am
NZDJPY waiting for short opportunity?
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Outcome is not important at all, but correct technique is what only matters
  • #476
  • Mar 20, 2012 11:12am Mar 20, 2012 11:12am
Quoting szpowerx
GBPAUD weekly, falling wedge?

The target would be 1.59

Now, waiting for a retrace to 1.5, expecting the 1.51 resistance to block it.
GBPAUD

M @ its first target and @ 1.5151, a very important W level.
Nothing personal,just business
  • #477
  • Mar 20, 2012 2:48pm Mar 20, 2012 2:48pm
Quoting szpowerx
NZDJPY waiting for short opportunity?
If the M and W are at the R, that means that are in bullish trend...why are you looking to short it ?
Nothing personal,just business
  • #478
  • Mar 20, 2012 6:19pm Mar 20, 2012 6:19pm
Quoting fxgroup
If the M and W are at the R, that means that are in bullish trend...why are you looking to short it ?
The NJ, 68.06~69.41 is a zone of weekly high close resistance, and this is the top of the box.

My plan:
1) Waiting for a short if close below 68.06 (actually in H4, close below 68.46, i short it one time already, target 68. The line of 68.46 is also a middle high close resistance)

2) Given 69.41 broken up, waiting for a long when RT

B.R.
Raymond
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Outcome is not important at all, but correct technique is what only matters
  • #479
  • Mar 20, 2012 6:29pm Mar 20, 2012 6:29pm
Quoting fxgroup
GBPAUD

M @ its first target and @ 1.5151, a very important W level.
Here is the daily chart

1.5097 ~ 1.514 is the zone of weekly high resistance close

the 1.5238 is the first daily wedge target.

Currently, the price is around 1.514, i would like to seek a long if RT to 1.5,which is a BRN and key support/resistance point.

then first target 1.5238, and final target 1.59
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Outcome is not important at all, but correct technique is what only matters
  • #480
  • Mar 20, 2012 7:03pm Mar 20, 2012 7:03pm
eurnzd, 1.6150 broken up and close above, can we expect a long nearby the 1.6100?

B.R.
Raymond
Quoting szpowerx
EURNZD, if the falling wedge would come, it is a big target.

Currently, it is RM in daily and weekly

I would like to
- seek short opportunity around 1.6100~1.6150
- seek long opportunity around 1.5735~1.5700


If the top or bottom of the box broken, then seek opportunity at retest.


BTW, in the weekly chart, from 2010.12~2011.3, i am afraid there is a real falling wedge achieving the target.
Outcome is not important at all, but correct technique is what only matters
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