Draw 'n Trade (DnT)

The pair has been relaxing right below the median line for hours...and we all can guess the fundamental reasons behind this scene : Greece and the future of the EUR Zone...

If we apply market geometry to the price movements we can see that the price is moving in a descending green picthfork (in the picture) and it has not fulfilled its passion and desire to reach the lower median line ..If we accept the width of the whole picthfork as 2x then we can say that the price succeded to go %75 x distance from the central median line.Under the light of these data we can start making predictions :

a) The price will drop down to the lower median line (something like 1,2150)
b) The price will drop down to %75x level again (something like 1,2300)
c) The price will break up the central median line and start its journey towards the upper median line...but will not have the power to reach %100x...it will stop at %75x far above from the central median line (something like 1,2850)

To sum up...there are three kind of predictions in this pair...2 of them are bearish and one of them is bullish...And to detect the target we shud use the distance between the median line and the last LOW of the last swing...we shud measure it (the yellow lines in the picture) and then we shud replace it above the central median line in order to detect possible targets....

For now it is essential to keep SHORT with a tight SL above the central median line.And a pending BUY STOP above the central median line will do great in case of a breakout...
Regards....

This option seems to be the scenario....the median line is broken by a "gap" which at the same time confirms the drawn picthfork...So we can say that the target will be accomplished without filling the gap...

ıt was biggest mistake to make orders in this pair....but opposite to all Gold-Silver Guru s , ı am expecting this pair to drop 10$ in long term starting from these levels...I have been drawing chanlles and channels since yesterday and i havent seen any clues for a bull market...

Long terms target in XAGUSD wekkly chart : Between (20,80 - 18,00)

The completed two daily candle is a bullish signal...retracement levels or the breakout can be accepted as a short signal...

Geometry rarely fails....there is always a harmony in this universe and in everything which is inside of it. Forex , human psychology and responses...and everything is set on a mathematical and geometric harmony...that is why forex also can be measured and analyzed by means of geometry..

Here we have daily gold chart...and the price is moving inside a fan...it is not a fibo fan...it is just an artificial fan made by me by using the support and resistence levels...The next target of gold (I will not talk long) is 1490...and we can bu sure of our profitable order unless it skips over the fan resistence (something like 1635)...

The next post will be about silver...

Silver chart is also similar to XAUUSD (GOLD) ...the price has just been rejected from a fan resistence...and the target seems to be 25,00...My TP for my order is at 27,00...no need to wait foır weeks Thats enough for me !

And one more thing i want to say : 21 SMA works nice for daily XAGUSD charts....and the price has just penetrated that moving avarage.In case the candle closes below , then downtrend will be confirmed also by the moving avarage...

And we have another fan for EURUSD Weekly chart...the price is moving in a downtrend with a great harmony and measurement.But there is one confusing thing at the moment...

Price has bounced up from the fan support , but havent reached the fan resistence.And this situation creates lots of question marks in my mind...is the mission completed ? Or will the price reach the fan resistence ? there is only one way to learn about this : to wait

Honestly i am long in this pair right above the H4 support...and there is a pending SELL order right below the H4 support zone...

In case the following fan resistence is broken , then we can target higher levels like 1,38 - 1,39...but it seems to be difficult at this moment...

And here is the daily chart....the fan works nice...doesnt it ?

a ) The possible target for the longs is 1,2860
b ) The ossible target for shorts (SELL STOP) is 1,2440

Enjoy it...

And here is a nice opportunity to make some pips...

There is a nice opportunity to make some pips like 200-220 pips...and at the same time price has landed on a nice horizantal support zone + fan support...

The result will be 1,5825 ish...

I hope somebody is enjoying the GOLDen pips...

The pair has not reached the weekly yellow resistence up to now...and if it is gonna sink down , then it is supposed to touch that yellow resistence at once.Knowing that nothing like that happened leaves a bullish open door for EURUSD.So we can say that the bearish trend from 1,27s is only the retracement of the bullish which started from 1,23s and ended at 1,27s .

So my prediction about this pair is bullish ... the yellow resistence shud be reached and confirmed with [double top] , and most probably price will be ranging for a while before it decides which way to go...

As seen the pair has retraced %50 of the uptrend...and has found suport at 50 fibo retracement level...seems that the target for the price is %138 0r %161 level...Time will show...

On the other side iy has been rejected from the %61 level of the big downtrend...so we can guess that the price will be squeezed between the %50 of the small uptrend and the %61 of the big downtrend levels...

Here are the fibo targets...

When we draw a fan starting from the weekly candle 2011-04-03 we can easily notive that the fan resistence in GBPJPYis broken , moreover the candle close is above the resistence line. This is a clear invitation for 129,70s ... So wi will be mostly looking for bullish opportunities in this pair . And for each trade I will not be expecting for 100 pips , and I hope the pair will retrace many times and give me lots of chance to make extra 100 pips...

Regards...

Like its brother (GBPJPY) this pair is also targeting the upper fan resistence (yellow in the picture)..and the path it will follow in order to reach the target is drawn with the red fan.I will be expecting 100 pips for each trade at every bullish opportunity...

And I shud also say this...my trigger for each trade will be decided by horizantal support-resistence breakouts...Fans will be used only for the targets and general map decidings...

Regards...

This is the most harmonic pair i have ever seen..its like a poem

ı do not think that it needs further explanation of words...the picture shows everything , and i missed that bullish opportunity when i was making tea in the kitchen.ı hope it will retrace a little more on Monday and give me join the trend...If it does not , then I ll throw myself down from the balcony

Regards...

Here is a great opportunity to buy this pair...The price is right above a horizantal support area , the long term analysis (the post above) supports this scenario...(A SELL STOP shud be placed right below the support zone)

Happy pips...

The target (b) was reached by EURUSD .Then the pair was rejected by the fan suport and now the price is challanging with the bears in the red resistence zone in the picture.In case the red resistence zone is broken then the price will firstly target 1,2630s ...and if that fan resistence is broken then the next target will be 1,2750s ....

On the other side the weekly fan analysis of the pair shows us the signals of a bullish market.There is a weekly fan resistence (yellow trendline in the second picture) between 1,2870 and 1,2930 ...And the price shud test it before going down.So for now my priority is "bullish" ...

Anyway...in short...I will be SELLing as long as the price stays under 1,2548...in case 1,2548 is broken then i ll be targeting 1,2630...

The pair is in the decision zone at the moment...the victory of the bulls might carry GOLD to 1612-1613s in a short time where the price will again encounter strong sellers...

In case the red decision zone is broken in the downwards direction then the price will be targeting 1490-1480s ...So all we need to do is to place our orders and our pending SELL STOP orders...and to make some coffee and watch a movie

There is a nice long opportunity in this pair.the price which has landed on the fan support is waiting for the right time to bounce up...the first target where the price will stop is at 1,2630s , later 1,2750s...

In case the fan support is broken in the downwards direction then the target for the pending SELL STOP orders shud be 1,2240s..

UPDATE :

The second pic is the updated EU chart...I am short at the moment...but in case the red resistence zone is broken in the upwards direction , then my LONG target will be 1,2850-2860ish