VWVB Daily Chart Analysis | Page 35 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

100% Daily Chart Analysis 64 replies

What is the difference between an "interday" chart and "intraday" chart? 2 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

gbpjpy tick chart difference with 5m chart 0 replies

Attachments: VWVB Daily Chart Analysis
Exit Attachments

VWVB Daily Chart Analysis

  • #681
  • May 1, 2006 5:04am May 1, 2006 5:04am
Quoting vishalshan
Mike,

Copy the xls content and paste in Paint. Save it as tif/giff file and upload here. You can't copy paste directly from xls to the thread.

I was bit busy last week with my full time job and could not post. I'll try to continue posting this week.

Happy trading,
Shan
Got it...Thanks Shan!

Mike
  • #682
  • May 1, 2006 11:05am May 1, 2006 11:05am
Quoting ForexMike
Here is what I am looking at prior to the start of May for potential opportunities:

 

  1. EUR/USD: Initial Fib has been breached
  2. USD/CHF: Initial Fib and Extreme Fib have been breached
  3. GBP/USD: Initial Fib has been breached
  4. USD/JPY: Initial Fib and Extreme Fib have been breached
  5. USD/CAD: Initial Fib and Extreme Fib have been breached
  6. AUD/USD: Initial Fib has been breached

Mike

got a nice pin bar on the EURUSD 4H.. (i think)..

significant? might have one shaping up on the daily as well

-nd
  • #683
  • May 1, 2006 11:08am May 1, 2006 11:08am
Quoting natediggity
got a nice pin bar on the EURUSD 4H.. (i think)..

significant? might have one shaping up on the daily as well

-nd
also on the USDCHF daily

-nd (maybe i should get a real sig.. lol)
  • #684
  • May 1, 2006 1:02pm May 1, 2006 1:02pm
Quoting natediggity
also on the USDCHF daily

-nd (maybe i should get a real sig.. lol)
You may be correct on both pairs. Recall the post I had about a week ago:

As the USD/CHF continues to decline, the EUR/USD continues to rise. A cross over between these two pairs has occured and we could see a nice move from both. Something to keep an eye on..

I will check my charts this evening...


Regards,

Mike
  • #685
  • May 1, 2006 2:24pm May 1, 2006 2:24pm
Quoting ForexMike
You may be correct on both pairs. Recall the post I had about a week ago:

As the USD/CHF continues to decline, the EUR/USD continues to rise. A cross over between these two pairs has occured and we could see a nice move from both. Something to keep an eye on..

I will check my charts this evening...


Regards,

Mike
sounds good, i had only read the most recent page so i may be slightly behind.. but im really just working on identifying pin bars right now.. thinking about incorporating those as key reversal signs in relation to the VWB fib lines. things are looking great so far

:EDIT: my idea of great is likely rather mediocre in the grand scheme of things

-nd
  • #686
  • Edited 3:07pm May 1, 2006 2:39pm | Edited 3:07pm
I'm showing a slope change on the 4hr for the EUR/USD. USD/CHF is not far behind.

I'm now waiting for the neutral line on the FF Tunnel chart to pass thru the 8MA on the EUR/USD & if the daily candles closes lower than its present position it may be a go on a sell.

I'm still pretty new to the VWB, so if anyone sees anything else or thinks I may be jumping the gun on looking to get in, then please chime in.

Cheers.
  • #687
  • May 1, 2006 3:34pm May 1, 2006 3:34pm
Quoting bonmeister
I'm showing a slope change on the 4hr for the EUR/USD. USD/CHF is not far behind.

I'm now waiting for the neutral line on the FF Tunnel chart to pass thru the 8MA on the EUR/USD & if the daily candles closes lower than its present position it may be a go on a sell.

I'm still pretty new to the VWB, so if anyone sees anything else or thinks I may be jumping the gun on looking to get in, then please chime in.

Cheers.
i jumped the gun last week already ... waiting for it to come back up on the chf ... taking small profits on 2nd trade to balance out my negative trade
  • #688
  • May 1, 2006 7:41pm May 1, 2006 7:41pm
I am seeing possible reversals for the following: EUR/USD, USD/CHF, GBP/USD, USD/JPY, and AUD/USD.

Looking for further confirmation and better timing for entry…I want to make sure they are stong reverals before entering.

Mike
  • #689
  • May 2, 2006 2:11pm May 2, 2006 2:11pm
Quoting bakrob99
Mike


All those pairs almost ready to retrace - I agree with your analysis ... but it's going to take a strengthening of the US Dollar to get the 8 EMA turning in the right direction.... I'm watching those pairs too, but the question remains. Is the Dollar going to rally ? I think it is ... but... I'm looking for confirmation.

Look for exhaustion on the 1Hour candle?

Bakrob

Exhaustion on the one hour candle ?? You mean the daily??? I got Involved in the chf short and the AUD long last night based on the the Hammer on the daily CHF and the hangman on on the AUD . Got stopped out of both positions 100 pips in total , So I am just interested in wat you mean when you say the 1 hour candle Looking real GRIM today, Just dont see this dollar strenght , Not to mention this BERNAKE screw up .
  • #690
  • Edited 2:42pm May 2, 2006 2:25pm | Edited 2:42pm
I took a sell on the EUR/USD last nite and woke up to being stopped out 50 pips as well. I entered the trade because of the slope change on the 8SMA on the 4hr chart and my misunderstanding of the 50% retracement rule on yesterdays daily candle (I'm still not understanding that and I can't find an explanation that can penetrate my thick freakin' skull).

I didn't enter the CHF because of the lack of slope change on the 4hr and I felt that the hammer candle on the daily needed more confirmation such as another candle closing above its high before treating it as a reversal.

Another lesson learned. At least this was done in my demo acct and not in my live acct. I have much left to learn I see.

The $$ has taken a serious, serious beating lately. Not looking good for the near future either from what I've read today.

I would really like to hear (in great detail) about how others are using the 1hr & 4hr tunnels to confirm a reversal on the daily VWB.
  • #691
  • May 2, 2006 4:16pm May 2, 2006 4:16pm
Quoting bonmeister
I took a sell on the EUR/USD last nite and woke up to being stopped out 50 pips as well. I entered the trade because of the slope change on the 8SMA on the 4hr chart and my misunderstanding of the 50% retracement rule on yesterdays daily candle (I'm still not understanding that and I can't find an explanation that can penetrate my thick freakin' skull).
The way I read this rule is simply that when 50 rets start getting violated we start to get interested. What just happened in these pairs qualifies big time I think.

Quoting bonmeister
The $$ has taken a serious, serious beating lately. Not looking good for the near future either from what I've read today.

I would really like to hear (in great detail) about how others are using the 1hr & 4hr tunnels to confirm a reversal on the daily VWB.
I check the 4-hour but I've decided to only enter on breaks and bounces near major S&R. All my entry stops triggered except GBPUSD. It's unusual for the price to retrace a pin bar so far but it looks like a pretty big tug-o-war going on. I'm still in EURUSD, USDCHF, and USDJPY hoping the price will bounce off the same stuff that caused the pin bars.

The extreme oversold status of the dollar has got to change sooner or later. However, take a look at the monthly chart for EURUSD for a little perspective. Another thing supporting the trend is EURUSD breaking through the daily 365 MA. That's a little scary. Looking at lots of moving averages can put things in perspective too.
  • #692
  • May 3, 2006 7:52am May 3, 2006 7:52am
Hmm, is that head & shoulders forming on the EUR/USD daily chart? Looks like the recent run up is forming the peak of the right hand side shoulder...

Maybe things will start to reverse after all?

Just an observation.
  • #693
  • May 3, 2006 2:28pm May 3, 2006 2:28pm
Quoting bonmeister
Hmm, is that head & shoulders forming on the EUR/USD daily chart? Looks like the recent run up is forming the peak of the right hand side shoulder...

Maybe things will start to reverse after all?

Just an observation.
yea i have heard others talking about that pattern forming as well... its even clearer on the weekly chart. whats the 'rule,' sell on neckline break w/target appx the distance from the head to the neck, right? i guess that would be about 1700 pips from 1.1650.. yea thatd be nice.

kinda wonder how long that would take to happen given that the left shoulder started forming some 2 1/2 years ago.

nd
  • #694
  • May 3, 2006 7:11pm May 3, 2006 7:11pm
Euro was finished long ago. Now even USDCAD is turning around. I think this is it!

I can't wait until everything stops being so dollar-centric. It's boring when all the major pairs always head off in the same direction. AUD is the only one I'm not betting against, but I'm not betting for it either.
  • #695
  • May 3, 2006 7:48pm May 3, 2006 7:48pm
Quoting bonmeister
Hmm, is that head & shoulders forming on the EUR/USD daily chart? Looks like the recent run up is forming the peak of the right hand side shoulder...

Maybe things will start to reverse after all?

Just an observation.
I agree. The EUR/USD is in consolidation after the strong bullish movement. The uptrend could continue however. I continue to keep on a this as well.


I am long the USD/CAD..


Mike
  • #696
  • May 3, 2006 10:59pm May 3, 2006 10:59pm
Quoting ForexMike
I am long the USD/CAD..
Already? I see a sideways trendline break which might turn upward. I see a pin bar but it's going to have a big retrace.
  • #697
  • May 8, 2006 11:14pm May 8, 2006 11:14pm
G'day people,

Hey, let's not let this thread wither and die. A lot of pairs are now at the fib levels or outer fib levels. I don't know about others, but i've had quite a few retrace only to reverse and go and hit a higher H or L. You gotta love probabilities!

What trades are you currently in with VWB? At the moment, I'm applying a purely mechanical approach in demo to see how it behaves. So far, most trades have exited in the -ve, which is what I'd expect looking at the price action. Maybe small profits are the way to go until the USD decides what it wants to do!

Cheers,
Andrew.
  • #698
  • May 10, 2006 12:42pm May 10, 2006 12:42pm
I'm watching the pairs at extreme fibos very carefully. Will only take a trade when reversal is in place using candle formations and 2 of 3 Vegas recommended concepts are in effect (HA! Easier said than done so I'm finding out.)

Interested in others comments, and YES it is very quiet here for some reason. Maybe everyone is riding the present trends in their respective directions....
  • #699
  • May 10, 2006 12:52pm May 10, 2006 12:52pm
Quoting bonmeister
I'm watching the pairs at extreme fibos very carefully. Will only take a trade when reversal is in place using candle formations and 2 of 3 Vegas recommended concepts are in effect (HA! Easier said than done so I'm finding out.)

Interested in others comments, and YES it is very quiet here for some reason. Maybe everyone is riding the present trends in their respective directions....
I think today it happened for the gbp
it made a new high, has a range of more than 60 pips and it retraces past the 50% level fast. So you'll be short from 1.8686 i think.
  • #700
  • Edited 1:38pm May 10, 2006 1:31pm | Edited 1:38pm
Quoting jotty
I think today it happened for the gbp
it made a new high, has a range of more than 60 pips and it retraces past the 50% level fast. So you'll be short from 1.8686 i think.
Yeah, I'm watching it right now.

Something I've been tinkering with on my entries is using Raghee Horner's "Wave" on the 1hr chart to determine the strength of the up/down move (if the price is near the wave then I wait for a nice strong & fast break thru the wave before entering a trade.) The GBP/USD just can't break down thru the wave right now so I am still standing on the sidelines.
0 traders viewing now