All Blog Posts Tagged 'Strategies' (784)

Target Trading in the Forex upcoming week of August 17th, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3397.  The pair is in a nice channel inside the downtrend and currently in a sideways move.  This is bearish for the pair.  We are looking for a short correction up to start a 5th wave down and the continuation to the S5 @ 1.3321. The average daily true range (ATR) for the pair currently is 47 pips.

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Added by Scott Barkley on August 16, 2014 at 9:30am — No Comments

$USDJPY- Continuation?

Currently we are at 102.65. We are in a channel northbound and looking for a continuation to the resistance area @ 102.93 with an overall target @ 103.42.  The average daily true range (ATR) for the pair currently is 43 pips.…

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Added by Scott Barkley on August 15, 2014 at 12:54pm — No Comments

$USDCAD- one more thrust?

Currently we are at 1.0925. We are looking for one more thrust  to the R5 area @ 1.1000 and then a correction down.  The average daily true range (ATR) for the pair currently is 49 pips.…

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Added by Scott Barkley on August 13, 2014 at 12:38pm — No Comments

$GBPJPY- Bear Flag Break?

Currently we are at 171.42. We are looking for a Break of the bear flag and a continuation to the S3 area @ 170.50 with an overall target @ 169.90.  The average daily true range (ATR) for the pair currently is 74 pips.…

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Added by Scott Barkley on August 12, 2014 at 12:37pm — No Comments

$USDJPY- Diagonal Break?

Currently we are at 102.13. We are looking for a Break of the diagonal and a continuation to the R3 area @ 102.53 with an overall target @ 103.42.  The average daily true range (ATR) for the pair currently is 43 pips.…

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Added by Scott Barkley on August 11, 2014 at 12:17pm — No Comments

Target Trading in the Forex upcoming week of August 10th, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3413.  The pair is in a nice channel inside the downtrend.  We are looking for a correction up to start a 5th wave down and the continuation to the S6 @ 1.3099. The average daily true range (ATR) for the pair currently is 43 pips.

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Added by Scott Barkley on August 9, 2014 at 2:01pm — No Comments

$EURJPY- Bear Flag Break?

Currently we are at 136.46 after hitting our target from yesterday. We are looking for an a-b-c correction to the unsquared area @ 136.70 and then a continuation to 135.50.  The average daily true range (ATR) for the pair currently is 42 pips.…

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Added by Scott Barkley on August 8, 2014 at 12:35pm — No Comments

$AUDJPY- Channel?

Currently we are at 95.38 in a well built channel to the downside. We are looking for a continuation to the previous support area @ 94.78.  The average daily true range (ATR) for the pair currently is 35 pips.…

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Added by Scott Barkley on August 6, 2014 at 12:38pm — No Comments

$AUDUSD- Bear Flag Break?

Currently we are at 0.9316. We are looking for a continuation to the S4/0.786 area @ 0.9276 AFTER the break of the bear flag.  Overall target is 0.9239. The average daily true range (ATR) for the pair currently is 41 pips.…

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Added by Scott Barkley on August 5, 2014 at 12:37pm — No Comments

$GBPAUD- Triangle Break?

Currently we are at 1.8102.We are looking for a continuation to the S5 area @ 1.7997 AFTER the break of the triangle and after NFP. The average daily true range (ATR) for the pair currently is 91 pips. …

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Added by Scott Barkley on August 1, 2014 at 12:55pm — No Comments

Target Trading in the Forex upcoming week of July27, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3432.  The pair is in a nice channel inside the downtrend.  We are looking for continuation to the S6 @ 1.3354 and a corrective bounce there for a continuation to 1.3110. The average daily true range (ATR) for the pair currently is 40 pips.

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Added by Scott Barkley on July 26, 2014 at 4:33pm — No Comments

$AUDCHF- Wedge Break?

Currently we are at 0.8509. We are looking for a continuation to the R3 area @ 0.8527 ( watch for the possible head and shoulders there) with a further target at the WEEK chart trend @ 0.8563.  The average daily true range (ATR) for the pair currently is 41`pips.…

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Added by Scott Barkley on July 25, 2014 at 1:03pm — No Comments

Target Trading in the Forex upcoming week of July20, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3525 IF we can take out the former support @ 1.3491.  We are looking for breakdown to the support at 1.3385. The average daily true range (ATR) for the pair currently is 39 pips.…

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Added by Scott Barkley on July 19, 2014 at 3:25pm — No Comments

$NZDUSD - continuation?

Currently we are at 0.8667.We are looking for a continuation to the S4/.500 fibo area @ 0.8604AFTER the break of the descending wedge.  The average daily true range (ATR) for the pair currently is 43 pips.…

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Added by Scott Barkley on July 18, 2014 at 2:10pm — No Comments

Target Trading in the Forex upcoming week of July13, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3609 and view this  as a corrective wave.  We are looking for breakdown to the support at 1.3500. The average daily true range (ATR) for the pair currently is 38 pips.…

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Added by Scott Barkley on July 12, 2014 at 3:02pm — No Comments

Target Trading in the Forex upcoming week of July6, 2014

This is early due to the USA holiday weekend

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3589 after a breakout down of the corrective wave.  We are looking for continuation to the heart line of the current trend around 1.3450 and then maybe 1.3387.  The average daily true range (ATR) for the pair currently is 43 pips.

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Added by Scott Barkley on July 4, 2014 at 2:04pm — No Comments

Target Trading in the Forex upcoming week of June 29, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3695 after a breakout down.  We are looking for continuation to the heart line of the current trend around 1.3475 and then 1.3387.  There is a big target at 1.3175.  The average daily true range (ATR) for the pair currently is 48 pips.…

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Added by Scott Barkley on June 29, 2014 at 11:42pm — No Comments

$GBPCHF- complete correction?

Currently we are at 1.5192. We are looking for a continuation down to support/0.500 Fibo @ 1.5136 to complete the correction.  Watch for a bounce there.  The average daily true range (ATR) for the pair currently is 70 pips.…

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Added by Scott Barkley on June 27, 2014 at 1:08pm — No Comments

Target Trading in the Forex upcoming week of June 22, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3598 after a breakout down.  A couple of different scenarios:  1:  bullish: a corrective move to the chart trend line @ 1.3726 area) and then look to the S6 @ 1.3387.  2: Bearish : A break down here to the S6 @ 1.3387 with a further target @ 1.3225. The average daily true range (ATR) for the pair currently is 60 pips.

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Added by Scott Barkley on June 21, 2014 at 4:05pm — No Comments

Target Trading in the Forex upcoming week of June 15, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3539 after a breakout down.  Looking for another push down to the S6 @1.3387.  Be prepared for the corrective move back north though.  The average daily true range (ATR) for the pair currently is 56 pips.…

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Added by Scott Barkley on June 14, 2014 at 4:02pm — No Comments

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