GBP USD 5 Min:
Price spiked down with the news then formed a wedge flag. Price broke up out of it but this BO immediately failed engulfing down with entry being 1 pip below the previous candle.
The hard signs for the trade were failed BO of…Continue
Added by Constantine on February 27, 2015 at 2:49pm — No Comments
EUR USD 5 Min:
This is another news trade, associated with the presence of tradable price action, a failed signal.
Price had formed a double top then retraced in a mini wedge flag. As soon as the news was released price broke up out…Continue
Added by Constantine on February 27, 2015 at 1:56pm — No Comments
Oil : price ended yesterday’s trading with negativity after breaking 49.50 level and closed the daily candlestick below it, which activates the bearish trend scenario on the intraday basis.
It’s important to note that the price needs to break 48.10 level to confirm the continuation of the suggested bearish trend, as this level represents the previously breached resistance which turns into key support now, taking into consideration that this level hold against the negative…Continue
Added by Pierre Chahine on February 27, 2015 at 11:53am — No Comments
Gold: yesterday, the price retraced to the level of 1206 after reaching the resistance around 1225, noting that the price is moving inside a minor bullish channel that might form a bearish continuation flag pattern in case breaking its support line.
The price is in a contradiction mood among the technical factors, as between the strength of the mentioned correctional level and moving inside the minor bullish channel besides stochastic positivety, where contradicting the…Continue
Added by Pierre Chahine on February 27, 2015 at 11:50am — No Comments
EURJPY yesterday, traded in a negative momentum and settle around the sideways range support around 133.40, the bearish pressure continuation might allow the price to break the current support and open the way to test the main support at 132.40.
On the other hand, the stability of 133.40 level will support blocking the price inside the sideways range and start forming intraday bullish wave that targets 135.40 then 136.20.
Stochastic decline below 50 level…Continue
Added by Pierre Chahine on February 27, 2015 at 11:47am — No Comments
USD/JPY: yesterday, pair showed some positive attempts as escalate from the 50 EMA, as has been affected by the negative momentum that appears on stochastic and show some slight negativity, but we notice that the price still settled above the bearish correction trend resistance line, which supports the continuation of the positive scenario on the short term.
Therefore, we still believe that the price will reach 120.50 followed by 121.40 levels, taking into consideration that…Continue
Added by Pierre Chahine on February 27, 2015 at 11:46am — No Comments
GBPUSD: yesterday, pair traded with negativity reaching approach 1.5353 level, where the price kept its stability above the level which keeps the positive impact of the cup & handle pattern valid for now, supported by the 50 EMA as encourages us to continue suggesting the bullish trend in the upcoming session.
Our expectation is that the price will penetrate to reach the level of 1.5640 where breaking 1.5320 level will stop the positive…Continue
Added by Pierre Chahine on February 27, 2015 at 11:44am — No Comments
EURUSD: pair closed the daily candlestick below the key support that was broken yesterday at 1.1275, this break opens the way to activate negative overview that targets the psychological barrier at 1.1000 as a next main station.
The 50 EMA forms negative pressure on the intraday trading, thus, we suggest witnessing more decline for today, unless breaching 1.1275 level and holding above it, as this breach will push the price to attempt to test 1.1415 areas…Continue
Added by Pierre Chahine on February 27, 2015 at 11:41am — No Comments
USD JPY 10 Min:
This is a classic pattern which works as long as you identify it properly at the correct location in the chart and rule out deal breakers such as trend lines or the 10 MA.
Here price pushed up in three legs with a climactic 3rd push failing at a…Continue
Added by Constantine on February 27, 2015 at 11:26am — No Comments
GBP USD 15 Min:
This is one of the most straight forwards trades to take as long as you nail it.
A 15 Min with trend Pin off the 10 MA after a spike down.
No deal breakers as in no trend or channel lines in the way.
Added by Constantine on February 27, 2015 at 11:17am — No Comments
made +3 pips on EU
I will post a very detailed description of my trading system, not this scalping thing. Then I will hope that you will understand that this is not my main strategy.
Here, I'm just looking to prove that +3 can be done long term as well
Added by Andrius on February 27, 2015 at 9:49am — No Comments
Irving Kahn, the Manhattan money manager whose astounding longevity enabled him to carry firsthand lessons from the Great Depression well into the 21st century, has died. He was 109.
and earlier interview (c)…Continue
Added by Ron Schelling on February 27, 2015 at 9:40am — No Comments
URUSD broke through 1.1260 support after strong decline yesterday with a daily close outside of the range, so we assume that corrective blue wave (4) is now finally complete. If that was the case then it was a triangle placed in wave (4) so market should then continue straight down in sessions and days ahead. We anticipate five wave decline to a new low, probably to 1.0800-1.0940 area.
EURUSD 4h Elliott Wave Analysis…
Added by Gregor Horvat on February 27, 2015 at 8:24am — No Comments
Latest Ranking of Managed Forex Funds:
Added by Ron Schelling on February 27, 2015 at 8:04am — No Comments
Despite rejection from 1.5539 levels , outlook in GBPUSD remains on the upside , resistance comes at the 1.5539 levels , sustained breakout – daily closing – above this level will target 1.5619 levels , a halt is likely , but a clear break will pave the way towards the 1.5785 levels , further upside will target the 1.5941 levels …
On the downside , support comes at the 1.5393 levels , a failure to hold below the 1.5393 levels on a daily closing basis could mean a return to the 1.5551…Continue
Added by Haitham653 on February 27, 2015 at 7:25am — No Comments
Finally , the EURUSD broke out of sideways range yesterday , topped at the 1.1379 levels and bottomed at the 1.1182 levels . This development leaves the pair targeting the 1.1087 levels , a halt is likely but a cut would open 1.0965 next , further down will target the 1.0835 levels .
On the upside , resistance comes at the 1.1278 levels ahead of the 1.1379 levels (main) , stability below both levels will keep the pair under pressure , however , sustained breakout – daily closing above…Continue
Added by Haitham653 on February 27, 2015 at 7:21am — No Comments
R4 - 1.2775 / R3 - 1.2697 / R2 - 1.2662 / R1 - 1.2617
S1 - 1.2380 / S2 - 1.2353 / S3 - 1.2314 / S4 - 1.2200
BUY AT 1.2495 FOR 1.2800 STOP AT 1.2380
Added by Andrius on February 27, 2015 at 7:08am — No Comments
EURGBP was sold at lower levels for a 4th day in succession Thursday. This took EURGBP to new 7 year lows and to the bottom band of a falling Keltner channel. The scope of this week's moves – more than a big figure – means intraday signals are over-stretched but, currently, profit taking is likely to remain temporary and limited. So, coupled with bearish momentum and strength indicators we look for lower levels to continue to…Continue
Added by Alan Collins on February 27, 2015 at 7:02am — No Comments