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Oasis posted a statusPosted on May 18, 2013 at 12:13am 1 Comment 0 Likes
It seems that price will breakout of this wedge soon. My bias is to the upside, based mainly on the dynamic rising support line that has been respected recently. GBP does seem weaker as well.
Please share any comments/opinions.
Regards…
ContinuePosted on May 11, 2013 at 2:30pm 1 Comment 0 Likes
Hello Ichimoku Traders
Please help to confirm my understanding of the Ichimoku system using the attached daily EA chart. Here is my interpretation:
The present trend is bullish due to the following reasons:
1) Price is above the cloud.
2) Tenkan Sen (red) is above the Kijun Sen (blue).
3) Both these lines are pointing up.
4) Chinkou Span (violet) is above the price.
5) Chinkou Span is also above the cloud and pointing up.
6) After…
ContinuePosted on May 4, 2013 at 12:16pm 2 Comments 0 Likes
I missed the pin bar on Thu and so am not in a trade. However I am considering a short for the following reasons:
1) The overall trend is bearish.
2) The level 1.51600 is significant and acting as resistance.
3) H4 chart looks bullish but a convincing break of 1.50500 will align the daily and H4 to bearish.
So a pending sell order at that area may be an option. R/R looks extremely favorable. I would love to hear your thoughts.…
Continue
Muhammod A K Azad said… Hello I'm Md Abul Kalam Azad . From Bangladesh. I'm a Online FOREX Trader . I hope from Allah I'm coming soon in Toronto, Canada. I want to help from you. When I will stay in Toronto. You can help me? This is my FB LINK http://www.facebook.com/Md.A.K.Azad57 . This is my mail address (md.a.k.azad57@gmail.com). Skype ID (md.a.k.azad57)
Romano said… Hello Oasis, no it was LONG I was looking for after first small bullish candle - for at least 50 pips or more. But we got a gap to the upside and price basically reached recent top and my minimum expected target(now at 80 pips as I speak), so if I had opened position over weekend I would have closed now. I closed friday for only 21 pips instead and was hoping for little retrace where I would reopen LONG. But as it is with current gap I dont trust it enough anymore so I will leave this setup.
How did I knew it would go up? Look at recent downmove angle vs upmove before it, also last bearish candle down-wick followed by small bull candle. Also liquidity area. Also trendline.
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