Scott Barkley
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  • Round Rock, TX
  • United States
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Scott Barkley posted a blog post

Target Trading in the Forex upcoming week of May 27th ,2012

Note: Remember Monday is a holiday in the USA and Europe$EURUSDWhat ProAct Forex Target Traders See:  We are currently sitting @ 1.2513 in continuance in a well built downtrend.  We are bullish but we have not set the bottom of the trend wall yet to the upside.   We expect some correction or at least a sideways move, most likely at the S6 and 0.618 fibo ( 06/06/2010 - 05/08/2010 high low) @ 1.2456 area.  Lower  target this week is S7@ 1.2298. The average daily true range (ATR) for the cross…See More
yesterday
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Scott Barkley posted blog posts
Friday
Scott Barkley posted a blog post

$EURUSD- a little more?

Currently the cross  is  @ 1.2663 after breaking the wedge and taking  out the  supports.   We still have a little more to go to finish off this downtrend.  We have exceeded the ATR so this may not happen until later sessions.  A break down look for the 1.2588 support.See More
Wednesday
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Scott Barkley posted blog posts
Tuesday
Scott Barkley posted a status
"FYI – beginners class no cost lesson is tonight 7:30PM CDT login here http://tinyurl.com/6x6jhrn #forex #$$"
May 21
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Scott Barkley posted a blog post

Target Trading in the Forex upcoming week of May 20th ,2012

$EURUSDWhat ProAct Forex Target Traders See:  We are currently sitting @ 1.2776  after breaking up in a well built downtrend.  We are bullish but we have not set the bottom of the trend wall yet to the upside.   The 1.2624 is the Day chart bottom which could very easily be the target if the bears come back.  Will expect a pullback or sideways move to set the NEW bottom trendline and then a break above the R3 @1.2787.  Upper target this week is R5 @ 1.3020. The average daily true range (ATR) for…See More
May 19
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Scott Barkley posted a blog post

$NZDUSD- bounce point?

Currently the cross  is  @ 0.7603 after a breakout of the wedge.   The  cross has little to bounce it here so this hook should  finish and target a move to the S5/-1.270 Fib extension @ the 0.7527 .  WE have divergence in the chart so that is probably it to the downside.See More
May 18
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Scott Barkley posted blog posts
May 17
Scott Barkley posted a blog post

$AUDUSD- False Break out?

Currently Aussie is  @ 1.0012 after a breakout of the downtrend.   As you can see, Aussie has done that before and then came back into the trend.  The 1.0020 Support now resistance should give a clearer picture of what this really is: A breakout and start of the uptrend or a false breakout  and a bid to find more sellers. We are bullish above 1.0020 the S5 @ 1.0093.  Lower targets are the support @ 0.9900 area.  …See More
May 15
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Scott Barkley posted a status
"FYI – beginners class no cost lesson is tonight 7:30PM CDT login here http://tinyurl.com/6x6jhrn #forex #$$"
May 14
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Scott Barkley posted a blog post

$GBPUSD- floor?

Currently Cable  is  @ 1.6085 and bouncing on the S4.   This appears to have corrected (although not very deep) the last up move.  We could also be at the very start of a descending wedge which IF built foretells of further correction and NOT a bounce.  We are now looking initially for the bounce to go to 1.6125 S4 @ wedge top line.  We are bullish above 1.6125 to the R5 @ 1.6199.  Lower targets are the support @ 1.6014 area.  …See More
May 14
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Scott Barkley posted a blog post

Target Trading in the Forex the week of May 13th ,2012

$EURUSDWHAT Forex Target Traders SEE:  We are currently sitting @ 1.2923 on the S5 support after breaking through a significant day chart bottom.  I am using a day chart trens since the 240 is too steep and the trend is really easy to see on a day chart.  Looking to continue down to the 1.270 Fib extension @ 1.2822.  A break lower and we will look  to the 1.2695 area (  S6 and 1.618 extension) . …See More
May 12
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Scott Barkley posted a blog post

$GBPUSD- continuation?

Currently Cable  is  @ 1.6098 and trying to break out of the descending wedge.   This is bearish for  the cross.  We are now looking initially for the S4 @ 1.6068.  Lower targets are the support  @ 1.6049 area.   A bounce would take it back to the 0.618 @1.6127.See More
May 11
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Scott Barkley posted a blog post

$USDCAD- break?

Currently USDCAD  is  @ 0.9985 and has broken out of the uptrend.   We are now bearish on the cross.  We are now looking for the S3 / 0.9919 after the break of the S2 support @ 0.9974.   Lower targets are the .786 Fibo @ 0.9878 area.   A bounce would take it back to the 1.0008 resistance.See More
May 10
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Scott Barkley posted a status
"$GBPUSD- break? 1.6049 after the break of the S4 support @ 1.6070. Lower targets1.6014 area. http://ning.it/IPWil6 #forex #$$"
May 9
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Vitor Barbosa commented on Scott Barkley's blog post $NZDUSD- more to go?
"I have a short position from 0,7896 but this is been hard to cross this area for more down moves."
May 8

Profile Information

About Myself
I am a full time Forex trader and President of ProActTraders.com. I have been trading for 10 years and also teach Forex Trading around the world.
Trading style
Target trading intra-day
Current Broker
FXDD

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Scott Barkley's Blog

Target Trading in the Forex upcoming week of May 27th ,2012

Posted on May 26, 2012 at 2:05pm 0 Comments

Note: Remember Monday is a holiday in the USA and Europe

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2513 in continuance in a well built downtrend.  We are bullish but we have not set the bottom of the trend wall yet to the upside.   We expect some correction or at least a sideways move, most likely at the S6 and 0.618 fibo ( 06/06/2010 - 05/08/2010 high low) @ 1.2456 area.  Lower  target this week is S7@ 1.2298. The average daily true…

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$AUDJPY- poised to move?

Posted on May 25, 2012 at 1:20pm 0 Comments

Currently the cross  is  @ 77.77.   A break of the single line trendline and the support @ 77.46 is all that is left.   A break down look for the 76.70  support.…

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$AUDUSD- critical point?

Posted on May 24, 2012 at 1:54pm 0 Comments

Currently the cross  is  @ 0.9780  and sitting right at the top of the down trend line.   We have filled the gap so the move to the downside could be over.  A break up- look for 0.9846 ( former support) -   A break down look for the 0.9702 support.…

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$EURUSD- a little more?

Posted on May 23, 2012 at 1:14pm 0 Comments

Currently the cross  is  @ 1.2663 after breaking the wedge and taking  out the  supports.   We still have a little more to go to finish off this downtrend.  We have exceeded the ATR so this may not happen until later sessions.  A break down look for the 1.2588 support.…

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