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  • #921
  • Dec 3, 2012 11:36am Dec 3, 2012 11:36am
don555,

Each currency pair has its characteristics. For GBPUSD you need to be careful around 1.6000.

[quote=Articulate;4663419]
1.60000 is a major psychological level, the gateway to the top and bottom for both bear and bull. /quote]
  • #922
  • Edited 5:08am Dec 5, 2012 4:55am | Edited 5:08am
Quoting Articulate
Here is the monthly update for the cable. 1.6000 is still a barrier to bear from 1.6300 and the price is basically trapped between 1.6000 and 1.6200. This could be extended to 1.6300

Here is the monthly update for GBPUSD, the pullback from 1.6300 was about 474 pips (always expect a reation around Masterchart levels) The weekly candles are on bullish run on bullish run from 1.5800, 1.6000 resistance is broken, if 1.6200 gives way, then a retest if 1.6300 will give us double top (M) on the weekly chart. My advise is quite simple, follow one weekly candle at a time.
Attached Image(s) (click to enlarge)
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  • #923
  • Dec 5, 2012 5:19am Dec 5, 2012 5:19am
Quoting Articulate
Here is the monthly update for GBPJPY. 130 is holding as the barrier to the bullish run which began about six months ago. The target is 133-135, but 130 has to give way, price made two attempts in Sept and October and failed. The pair is currently trapped (consolidating) between 125 and 130. Will 130 hold or break? Follow the weekly candle.
GBPJPY broke 130 barrier by about 250 pips two weeks ago and has been consolidating between between 130-132.50 and eyeing 133-135. You can see the current zone, the that daily and H4 charts attached. Read my post on how to trade concrete, perhaps you will find it useful
Attached Image(s) (click to enlarge)
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  • #924
  • Dec 5, 2012 5:28am Dec 5, 2012 5:28am
ARTICULATE,thank for your posting, can you give your views about AUDUSD AND NZDUSD???GBU
  • #925
  • Dec 5, 2012 5:32am Dec 5, 2012 5:32am
Quoting Articulate
EURUSD is consolidating around 1.300 and the line in sand. A test of the line in sand is possible, but the pins on the last 2 months candle are signs that the line will hold until at least 1.2500 is tested. The obvious destination appears to be down, but the weekly is undecided.
EURUSD is trying to retest the line in the sand. Will the line hold or not? if the line broke the bullish run from 1.2000 will continue and the next target will be 1.3500. If the line holds, then we will have tripple top on the daily and double top on the weekly chart. Where the weekly candles fail to break the line, be prepared for a hard fall. 1.300 and the line in the sand is where to watch for now
Attached Image(s) (click to enlarge)
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  • #926
  • Dec 5, 2012 5:41am Dec 5, 2012 5:41am
Quoting Articulate
This is a pair that has recenty attracted my interest. I am actually paying more attention to AUD pairs at the moment. Look at the clear trend on the weekly chart between the lines in the sand. Four straight weeks of bearish run so far? Will the bearish run continue for another 8-10 weeks? Let's wait and see and follow one candle at a time!

EURAUD turned back slightly above 1.2000 and the weekly is currently trying to break through the Masterchart level at 1.2500. If this level is succesful broken a retest of the the line in the sand or masterchart level is a possibility. What you should not is that 1000 pips, Masterchart and Line in the sand will most yield at least 500 pips and in this case about 600-700 pips between the current weekly bullish run. Pay attention to the weekly candles
Attached Image(s) (click to enlarge)
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  • #927
  • Dec 5, 2012 5:58am Dec 5, 2012 5:58am
Monthly and weekly charts for AUDUSD and NZDJPY. The weekly analysis applies here too.
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  • #928
  • Dec 5, 2012 6:03am Dec 5, 2012 6:03am
The monthly, weekly and H4 charts for USDJPY. In forex clarity of thought is very important and nothing gives you this clarity better than the weekly candles.

Enjoy your day!
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  • #929
  • Dec 6, 2012 9:57pm Dec 6, 2012 9:57pm
GBPUSD ANALISYS. because bad news for usd or good news for gbp, price broke 1.6050 and touch 1.6130. ready to sell again, 1. rsi daily touch 60 2. daily candle broke 1 candle before. 3. candle h4 broke 6candle before.that my analisys......Each currency pair has its characteristics. MAY GOD BLESS YOU ALL. enjoy your day
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  • #930
  • Edited Dec 8, 2012 2:01am Dec 7, 2012 9:14pm | Edited Dec 8, 2012 2:01am
ARTICULATE,thank you very much to share your views, honestly your thread about 1000pips and big picture monthly and weekly candle very helpfull.
This is my view about others pairs , how do you think.Articulate?
AUDUSD , 1.0850 OR 1.1050, sell when in this zona, weekly candle is my guide
NZDUSD,if price can broke 0.8350 next area is 0.8450 , GOOD AREA FOR SELL
NZDJPY, RSI WEEKLY in area 60-70, long term , i decide to trade this pair ,is too tempting for me.
GBPJPY, RSI WEEKLY in area 60-70, long term , i decide to trade this pair ,is too tempting for me. i put my sell limit 135, touch that area or not weekly candle will tell us, maybe just 133 area, i love weekly candle. Have nice day. GBU
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  • #931
  • Dec 8, 2012 9:35am Dec 8, 2012 9:35am
Mr. Chia,

Your interpretation of the weekly candles on the entry points for the pairs you mentioned is technically sound. I agree with your views provided you follow the weekly candle before you enter a trade. Always remember this simple rule "An entry zone for short is not valid until the weekly candle turns bearish in the zone, at the same time an entry zone for long is not valid until you weekly candle turns bullish in the zone."

Enjoy your weekend!



Quoting Mr.chia
ARTICULATE,thank you very much to share your views, honestly your thread about 1000pips and big picture monthly and weekly candle very helpfull.
This is my view about others pairs , how do you think.Articulate?
AUDUSD , 1.0850 OR 1.1050, sell when in this zona, weekly candle is my guide
NZDUSD,if price can broke 0.8350 next area is 0.8450 , GOOD AREA FOR SELL
NZDJPY, RSI WEEKLY in area 60-70, long term , i decide to trade this pair ,is too tempting for me.
GBPJPY, RSI WEEKLY in area 60-70, long term , i decide to trade this pair ,is too tempting...
  • #932
  • Edited 8:46am Dec 9, 2012 8:31am | Edited 8:46am
Articulate would you rate this as being a class A sell trade.
It has pulled back in the monthly and the weekly charts to this level and seems to be at the top of an M on both charts and within trend lines.

Attached Image (click to enlarge)
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  • #933
  • Dec 10, 2012 2:28am Dec 10, 2012 2:28am
don555,

As far as I am concerned a trade is not an as 1st class ("A") SELL or BUY if price has not moved by 1000 pips. In addition, for 1st class trades, "M" signs are valid on a weekly chart. Finally, to get the best results, you should analyse line chart (M) in conjunction with weekly candle. The reason for this is that the difference between entry signal on a line chart and weekly candle could be up to 100-200 pips. Your objective should be to enter trades at the most advantageous positions.

I hope the above explanation is clear enough. If you still want my specific view on this chart, post candle sticks weekly chart along with the line chart for easier interpretation.





Quoting don555
Articulate would you rate this as being a class A sell trade.
It has pulled back in the monthly and the weekly charts to this level and seems to be at the top of an M on both charts and within trend lines.

Attachment
  • #934
  • Edited Dec 11, 2012 4:03am Dec 10, 2012 12:54pm | Edited Dec 11, 2012 4:03am
THE FISCAL CLIFF


December is generally known to be insignificant for fx trading, but not this December. With the uncertainty surrounding how the Democrats and Republicans will steer the US economy away from the "Fiscal cliff", expect a a lot of volatility and very active December. I thought I should alert you to trade within a safe margin and keep your SL tight if you cannot stay out of the market for this month. If you want to stay in the market, I recommend you trade the concrete zone and your stop loss should be above or below the zone depending on whether your trades are long or short.
  • #935
  • Dec 14, 2012 5:37am Dec 14, 2012 5:37am
Let me draw your attention to the importance of always look at the bigger picture The GBPJPY took 7 months to reach 135 from 118. If you look at the monthly chart, you see that the pair has been a bullish run for the past 7 months. If you look a the weekly chart, you will also see that since I drew the line in the sand, the weekly has been bullish with consolidation (concrete zones) along the way. I am currently monitoring the weekly candle and will post my view on where I think we are going next.

Quoting Articulate
GBPJPY broke 130 barrier by about 250 pips two weeks ago and has been consolidating between between 130-132.50 and eyeing 133-135. You can see the current zone, the that daily and H4 charts attached. Read my post on how to trade concrete, perhaps you will find it useful
http://www.forexfactory.com/attachme...4&d=1354705865
  • #936
  • Dec 15, 2012 10:55am Dec 15, 2012 10:55am
Articulate what strategy do you use in a 4hour timeframe for entries and exits.
  • #937
  • Dec 17, 2012 4:16am Dec 17, 2012 4:16am
don555,

Presently, I trade 500-1000 pips price movement and above using the weekly candles because I have expanded my trading to cover more pairs and thus increasing the trading opportunities available to choose from.

If you are trading H4 timeframe, 50PPAA and Concrete Zone is still very effective. H4 charts and concrete zone will provide a trading range of 200-250. You will enter as close as possible to the top/bottom for sell/buy and jumpoff as close as possible to the bottom/top for sell/buy or at pre-determined TP level. Search for my posts on 50PPAA, H4 Pins and concrete zone for more explaination on how on these strategies.

Your increase your chance of success significantly in forex if you set clear parameters and trade within those parameters.

Quoting don555
Articulate what strategy do you use in a 4hour timeframe for entries and exits.
  • #938
  • Edited 9:52pm Dec 17, 2012 7:38pm | Edited 9:52pm
Quoting Articulate
don555,

Presently, I trade 500-1000 pips price movement and above using the weekly candles because I have expanded my trading to cover more pairs and thus increasing the trading opportunities available to choose from.

If you are trading H4 timeframe, 50PPAA and Concrete Zone is still very effective. H4 charts and concrete zone will provide a trading range of 200-250. You will enter as close as possible to the top/bottom for sell/buy and jumpoff as close as possible to the bottom/top for sell/buy or at pre-determined TP level. Search for...
ARTICULATE,you said you trade 500-1000 pips price movement and above using the weekly candles because I have expanded my trading to cover more pairs and thus increasing the trading opportunities available to choose from.
can you share for us????pairs you trade?

GBPJPY now 136, will touch 140 or not. weekly candle will tell us, for reverse weekly candle is very good, GOD BLESS YOU ALL
  • #939
  • Edited 6:29am Dec 18, 2012 3:12am | Edited 6:29am
@Mr Chia,

I have said it several times, PA is the only way to predict the future in forex and the most reliable indicator is the weekly candle. Look at the monthly and weekly charts and you will realise that if 135 is successfully broken the obvious destination is 140. You should however remember that if you follow one weekly candle at a time and you will not miss your way. Because of the complexity and in order to avoid confusion, I will find time to explain in detail how to trade multiple pairs with Masterchart.

Quoting Mr.chia
ARTICULATE,you said you trade 500-1000 pips price movement and above using the weekly candles because I have expanded my trading to cover more pairs and thus increasing the trading opportunities available to choose from.
can you share for us????pairs you trade?

GBPJPY now 136, will touch 140 or not. weekly candle will tell us, for reverse weekly candle is very good, GOD BLESS YOU ALL
  • #940
  • Dec 18, 2012 8:12am Dec 18, 2012 8:12am
Mr Chia what is your present analysis on the GBP/USD
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