Forex: AUD/CAD, short term analysis (trade closed)
Stop-loss hit.
Stop-loss hit.
- #165
- Edited 8:13am Jan 12, 2015 6:41am | Edited 8:13am
Forex: EUR/GBP, short term analysis (open trade)
After moving sideways for few months, this currency pair has finnally broken the 0.7796 level (which is the lower limit of the blue confirmation rectangle). With this essential condition met and with the price situated in the bearish bias, the target for this currency pair is expected to be on the 0.7684 (127.2 Fibonacci extension of the downside move of 0.80651-0.77655). Stop loss is situated on the 0.7887 pivot level.
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After moving sideways for few months, this currency pair has finnally broken the 0.7796 level (which is the lower limit of the blue confirmation rectangle). With this essential condition met and with the price situated in the bearish bias, the target for this currency pair is expected to be on the 0.7684 (127.2 Fibonacci extension of the downside move of 0.80651-0.77655). Stop loss is situated on the 0.7887 pivot level.
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- #166
- Edited Jan 13, 2015 9:58am Jan 12, 2015 2:54pm | Edited Jan 13, 2015 9:58am
Forex: CHF/JPY, short term analysis (open trade)
Shortly after tackling the lower limit of the blue confirmation rectangle, this currency pair has broken the 117.200 level, which is the lower limit of the earlier mentioned rectangle, by closing under it. With the price situated into the bearish bias (by situating under the 117.92 pivot level) and with the confirmation in place, the pair is likely to go even lower, to the 115.489 level (which is the 127.2 Fibonacci retracement of the downside movement of 122.362 - 116.959), having the stop loss on the 117.92 pivot level.
Shortly after tackling the lower limit of the blue confirmation rectangle, this currency pair has broken the 117.200 level, which is the lower limit of the earlier mentioned rectangle, by closing under it. With the price situated into the bearish bias (by situating under the 117.92 pivot level) and with the confirmation in place, the pair is likely to go even lower, to the 115.489 level (which is the 127.2 Fibonacci retracement of the downside movement of 122.362 - 116.959), having the stop loss on the 117.92 pivot level.
- #167
- Jan 13, 2015 5:59am Jan 13, 2015 5:59am
Commodities: XAU/USD (Gold), short term analysis
At exactly one month after the last attempt to break 1236.16 level (the upper limit of the magenta confirmation reactangle), the gold pushed a little stronger and confirmed it's aim for higher levels. Having the price situated into the upside bias and with the confirmation accomplished the target for the gold would be the 1255.12 top. The stop loss is established on the 1223.00 pivot level.
At exactly one month after the last attempt to break 1236.16 level (the upper limit of the magenta confirmation reactangle), the gold pushed a little stronger and confirmed it's aim for higher levels. Having the price situated into the upside bias and with the confirmation accomplished the target for the gold would be the 1255.12 top. The stop loss is established on the 1223.00 pivot level.
- #168
- Edited 10:09am Jan 13, 2015 9:50am | Edited 10:09am
Forex: GBP/JPY, short term analysis (open trade)
requested by Rhavy
This currency pair almost touched the 181.32 pivot level, making a narrow range but never succed it - it felt once again, closing under the 180.01 level (lower limit of the blue rectangle - confirmation range). Having the price situated into the bearish bias (being situated under the 181.32 pivot level) and confirmation accomplished, the pair is likely to go as low as 176.279 (127.2 Fibonacci extension measured on the downside move of 189.686 - 179.146). The S/L should be placed on the 181.32 pivot level.
requested by Rhavy
This currency pair almost touched the 181.32 pivot level, making a narrow range but never succed it - it felt once again, closing under the 180.01 level (lower limit of the blue rectangle - confirmation range). Having the price situated into the bearish bias (being situated under the 181.32 pivot level) and confirmation accomplished, the pair is likely to go as low as 176.279 (127.2 Fibonacci extension measured on the downside move of 189.686 - 179.146). The S/L should be placed on the 181.32 pivot level.
- #170
- Jan 15, 2015 2:02am Jan 15, 2015 2:02am
Forex: GBP/CHF, medium term analysis (open trade)
This cross currency pair, after a few months waiting, managed to break the problematic level of 1.5519 (the superior level of the confirmation area of 1.5298-1.5519, the violet area). Having it's bias situated in the bullish zone (the positioning of the price above the pivot level of 1.5298) and the confirmation accomplished, I have entered long on it. The stop loss is situated on the medium term pivot level of 1.5298 (217.1 pips). The target for this particular trade would be as much as 1.57647 (364.1 pips), which represents the 161.8 Fibonacci extension of the upside move of 1.49712 - 1.55324. The explanation of this long target is that this trade it has to cover the previous three losses on this pair (-48.5, -60.8 and -146.1 pips, totaling -255.4 pips).
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This cross currency pair, after a few months waiting, managed to break the problematic level of 1.5519 (the superior level of the confirmation area of 1.5298-1.5519, the violet area). Having it's bias situated in the bullish zone (the positioning of the price above the pivot level of 1.5298) and the confirmation accomplished, I have entered long on it. The stop loss is situated on the medium term pivot level of 1.5298 (217.1 pips). The target for this particular trade would be as much as 1.57647 (364.1 pips), which represents the 161.8 Fibonacci extension of the upside move of 1.49712 - 1.55324. The explanation of this long target is that this trade it has to cover the previous three losses on this pair (-48.5, -60.8 and -146.1 pips, totaling -255.4 pips).
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- #174
- Edited 11:50pm Jan 20, 2015 11:24pm | Edited 11:50pm
Forex: GBP/CHF, medium term analysis (closed trade)
Stop loss hit.
And with this last transaction the Alpari UK accounts were closed because of the increase volatility in the CHF currency pairs, after SNB dropping the 1.20 peg on Euro. Here, few facts from the 9 months period trading accounts trading this system.
609490
624233
I have opened an Oanda demo account, but I am not sure if it lasts more than one month; if anyone knows a broker with extended demo accont valability, please post it here. Thank you.
Stop loss hit.
And with this last transaction the Alpari UK accounts were closed because of the increase volatility in the CHF currency pairs, after SNB dropping the 1.20 peg on Euro. Here, few facts from the 9 months period trading accounts trading this system.
609490
624233
I have opened an Oanda demo account, but I am not sure if it lasts more than one month; if anyone knows a broker with extended demo accont valability, please post it here. Thank you.
- #175
- Jan 21, 2015 7:36am Jan 21, 2015 7:36am
Forex: GBP/USD, short term analysis (open trade)
Pound has continued to decrease in price, breaking the confirmation level of 1.5111 (the lower level of the violet rectangle confirmation range). Being in the bearish bias (the price has broken the 1.5268 pivot level) and with the confirmation in place, the target for this currency pair is 1.48615 (the 127.2 Fibonacci level drawn on the downside movement 1.5825 - 1.50333) and the stop-loss on the 1.5268 pivot level.
Pound has continued to decrease in price, breaking the confirmation level of 1.5111 (the lower level of the violet rectangle confirmation range). Being in the bearish bias (the price has broken the 1.5268 pivot level) and with the confirmation in place, the target for this currency pair is 1.48615 (the 127.2 Fibonacci level drawn on the downside movement 1.5825 - 1.50333) and the stop-loss on the 1.5268 pivot level.
- #177
- Feb 21, 2015 1:31pm Feb 21, 2015 1:31pm
Forex: EUR/GBP, short term analysis (open trade)
Initially, the EUR/GBP currency pair has turned it's price into the downside bias by closing under the 0.7592 pivot level and afterwards has confirmed its bearish intention of breaking the level of 0.7441 (which is the lower limit of the mangenta confirmation rectangle). Having it's downside move confirmed, the initial target for this currency pair would be 0.72405 (the 127.2 Fibonacci extension of the downside move of 0.80045-0.74039).
Initially, the EUR/GBP currency pair has turned it's price into the downside bias by closing under the 0.7592 pivot level and afterwards has confirmed its bearish intention of breaking the level of 0.7441 (which is the lower limit of the mangenta confirmation rectangle). Having it's downside move confirmed, the initial target for this currency pair would be 0.72405 (the 127.2 Fibonacci extension of the downside move of 0.80045-0.74039).
