Articulate's MasterCharts Trading Style

MONTHLY UPDATE: GBPUSD

GBPUSD finally broke 1.5300 for the first time since 2010 and it appears to heading towards 1.4800. However, 1.500 is the barrier for now. GBPUSD is a pair that reward shorts if taken at the right level because 3-7 months of bullish run is usually reversed by 1 month of bearish reversal.

Study a pair carefully and take advantage of its PA.


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MONTHLY UPDATES NZDUSD and NZDJPY

NZDUSD has been trapped between 0.8000 and 0.8500 since July 2012. 80.00 level was the barrier to the bull for NZDJPY. The weekly candle has been consolidating between 75.00 and 80.00 for some weeks now. You can read my posts on how to trade concrete for guidance on how to trade this set-up

Here are the updates for monthly and weekly charts for NZDUSD and NZDJPY.
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MONTHLY UPDATES EURCAD and CADJPY


The bullish run of EURCAD was temporarily halted at around 1.3700. The weekly candles are currently consolidating between 1.3300 and 1.3700 for about six weeks, which is another concrete zone. CADJPY like other yen pairs is other trapped between 90.00 and 95.00 price levels. The weekly consolidation level is between 87.00 and 95 level (700 pips concrete zone).

You can read my posts on how to trade concrete for guidance on how to trade this set-up

Here are the updates for monthly and weekly charts for EURCAD and CADJPY
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Is trading an Art or a Science?

I often ask the above question to draw attention to the fact that successful trading is not about emotions, gut feelings, hunches, expectations, etc(Art), but careful planning, theories, sound principles, clearly defined patterns, (Science). The truth of the matter is that emotional players do not last long.

Everything in FX is carefully planned by the big players. FX charts may appears chaotic to the uninformed, but it is definitely an organised and deliberate chaos. Take this simple advise from me, you cannot be successful in the long run until you become a Mechanical Trader (Trading without emotion).

Look at the weekly and monthly charts below and see where they were was when I posted on March 7 and where they are today as the time of writing. Was the kiss of 1.4800 accidental or pre-planned? Your guess is a good as mine! Understand the Masterchart and the Weekly candles and you will never be taken for a ride by the big players.

Enjoy the rest of your day!




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MONTHLY OUTLOOK: GBPJPY

In the 1st quarter of 2013 (Jan-Mar) the GBPJPY consolidated between 138-148 (Concrete zone). Price is still trapped between 140-145. The outlook for April is still 145-140, while the concrete zone still remains 148-138.
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MONTHLY OUTLOOK: USDJPY

The bigger picture is that USDJPY has remain bullish since June last year. However, the consolidation area is about 700 pips and you can see the weekly candles bouncing between 90-97 for about 10 weeks now. The weekly candle is currently bearish and range in the outlooks is 95-90
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MONTHLY OUTLOOK: GBPUSD

The GBPUSD seems to have found a base at 1.4800 and is currently trading between the Masterchart support turned resistance at 1.5300 and 1.4800, the new support. Read my post on Monthly Price Action Analysis (MPAA) for a better understanding of the GBPUSD price movement within a yearly trading cycle.
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MONTHLY OUTLOOK: EURUSD

The EURUSD broke through 1.300 and appears to be heading towards 1.2500. As long as the weekly candles fails to break 1.3000, the downward pressure is still intact.
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MONTHLY OUTLOOK: EURJPY

I mentioned some few weeks back that EURJPY is the new goldmine. I still maintain my view. This pair is bouncing nicely between 118-128
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MONTHLY OUTLOOK: NZDUSD

NZDUSD is stuck between 0.8000 and 08500 for the past 10 months. This pair appears to be going nowhere.
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MONTHLY OUTLOOK: EURAUD


EURAUD is a pair with clear trend movement is thus easier to trade. Its been 8 week of clear bearish movement. 1.2500 and 1.200 is my take as our current range
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WHAT A WEEK!

As I mentioned before, in addition to my monthly outlooks/updates, I will continue to post if something spectacular happens during the month. What a week we are having! GBPJPY bounced the full length of the consolidated between 138-148 (Concrete zone), the Masterchart resistance at 150 is the next hurdle for the bull. Will it demolish it or not? Simply follow the weekly candle and you will never miss your way. Look at other Yen pairs and see how they bouncing within the concrete zone. How this weekly candles close this week is crucial. In addition search for my posts on how the weekly candles break out for concrete zone to understand what to expect whenever PA is at this levels.

Understanding the bigger picture is the KEY!




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THE MASTERCHART - SIMPLE, PRAGMATIC AND EFFECTIVE

I thought I should draw attention to the simple, pragmatic and effective characteristics of the Masterchart. What a trade need to is develop the discipline and patience to follow every 1000 pips. If you combine this with following one weekly candle at a time, you can never miss your way. Observe how the weekly charts moved from one Masterchart level to another i.e. 120 to 130; 130 to 140 and now from 140 to 150.

This post is just a reminder in case some still don't get it! See the monthly and weekly charts for GBPJPY as at this morning.
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GBPUSD Update May , 2013

The cable broke the 150 barrier in April and the pressure is to be upside but 155 Masterchart barrier at 155 needs to be taken out. The pair has since been consolidating between 150 and 155.
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USDJPY UPDATE

USDJPY is still trying hard to break the 100 price barrier since it bullish run began in July 2012. The pair currently consolidation between 95-100 price range. Will it break out of this range this month? Only the price action could tell. Follow a weekly candle at a time and you will know the direction.
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GBPUSD UPDATE

The cable found a base at 1.4800 and gradually making its way up. 1.5300 Masterchart barrier is taken and its seem to be targeting 1.5800. The range? 1.5300 - 15800. Simple!
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EURJPY UPDATE

The range of the new Goldmine is clearly to any discerning observer - 125 - 130. Will it go to 135 or drop down to 130? Only the price action could tell! Attached Images (click to enlarge)
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NZD/JPY

This is my last set of charts I will be posting for this month - NZDJPY. Anybody who is smart enough should be able to read and interpret these charts. If there is anything spectacular occurs during the month, I will post again. If not, my monthly update is adequate to guide any wise trader.


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MONTHLY UPDATE FOR MAJOR PAIRS - JUNE 2013

I have been quite busy on some other projects and was unable to post my regular monthly updates until now. However for some technical reasons I was unable to attach charts to this post. I thereafter decided to share my analysis without charts. For those who are familiar with this thread, you can easily go to your charts and plot these levels. Those who have been here long enough can also post the current monthly and weekly charts for some of the major pairs. I will analysis these charts and share my views here. Here are my analysis for some of the pairs


GBPJPY: This pair was unable to break out convincingly above 156. The bullish run was thus halted around 156. The bears have now taken over this month and have dragged the price so far to 147 (about 1000 pips reversal). The concrete support for the current cycle 150-160 is at 140. Will the price get to 140 or will it reverse from 147? The weekly candles will us, but as usual follow one weekly candle at a time.

USPJPY: This pair was unable to break the Masterchart level at 105. The bullish run was therefore halted around 104. The bears have since taken over this month and have dragged the price to around 94 (about 1000 pips reversal here too). The concrete support for the current cycle 85-105 is at 85. Will the price get to 85 or will it reverse from the current level 95? The weekly candles will us, but as usual follow one weekly candle at a time.

EURJPY: Just like other Yen pairs, this pair was unable to break the Masterchart level at 135 by the weekly candles. The bullish run was therefore halted around 134. The bears have since taken in June and have dragged the price to around 124 (about 1000 pips reversal here too). The concrete support for the current cycle 120-140 is at 120. Will the price get to 120 or will it reverse from the current level? The weekly candles will us, but as usual follow one weekly candle at a time.

GBPUSD: This pair seems to have found support at 1.4800 and slow climbing its way 1.5800. What ever directive it will go the weekly candles will us, but as usual follow one weekly candle at a time.

You can see from the analysis for the Yen pairs that there is a pattern in price movement. Concentrate on Masterchart levels, 1000 & 500 pips price movement and the weekly candles and you will achieve more real success as a trader. For the smart traders, there are enough tips in the sentence highlighted in red colour to make their trading life a lot easier.

Enjoy your weekend!
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A good and unique thread....where you at Articulate?

Summer is over the markets are starting to pick up and move again