All Blog Posts Tagged 'forex' (1,598)

Target Trading in the Forex upcoming week of September 1,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3216.  Structure could use a small run back to the trend to cement it is place before the resumption to the downside. We are waiting to see since the structure says we should short  to the S5@ 1.3078.   The average (14 day) daily true range (ATR) for the pair currently is 82 pips. …

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Added by Scott Barkley on August 31, 2013 at 2:54pm — No Comments

$USDCHF- Trend Break?

Currently we are at 0.9304 and testing the break north of the trend.  A couple of different scenarios.  1:  Bullish: a move to the R4 resistance @ 0.9382 area  2: Bearish : A break down here back to the R2/0.618 Fibo @ 0.9242. The average daily true range (ATR) for the pair currently is 84 pips.…

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Added by Scott Barkley on August 30, 2013 at 12:56pm — No Comments

Trading With Dynamic Support and Resistance

In today's lesson, we would be discussing on how traders can use dynamic support and resistance to improve their trading tremendously. Dynamism as the name implies means something that is not constant, something that changes with time. Bringing it to this contest, it is safe to say that dynamic key levels(support or resistance) are those key levels that change with price movement.

I personally use the EMA's(exponential moving average) to determine dynamic levels and they work well for…

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Added by Henry nnalue on August 30, 2013 at 12:36pm — No Comments

$AUDJPY– trend wall return?

Currently we are @ 87.86 in a determined march to the top of the trend. A break above the .500 Fibo @87.94 would creat an opportunity to the 88.50 area. The current average (14day) ATR is 121 pips.…

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Added by Scott Barkley on August 29, 2013 at 1:19pm — No Comments

$AUDUSD- Test the bottom?

Currently we are at 0.8914 after the break of 0.786 fibo.  We are looking for a bearish continuation to the double bottom area @ 0.8848 - the next target  @ 0.8778. The average daily true range (ATR) for the pair currently is 107 pips.…

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Added by Scott Barkley on August 28, 2013 at 1:12pm — No Comments

THE POWER OF COMPOUND INTEREST FOREX TRADING

One of the most memorable quotes of Albert Einstein was that "the most powerful force in the universe is compound interest!" Compound interest is really the catalyst that expands your funds and it's the mechanism that can turn small savings into huge sums. With a decent return on your investments (6-8%) and patience, compound interest can grow your savings…

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Added by Henry nnalue on August 27, 2013 at 8:07am — 2 Comments

$EURUSD- head and shoulders?

We are currently sitting @ 1.3369.  The trend is your friend till it bends-and we are bending  with a head and shoulders possibly already in place.  We are waiting to see if we get a turn down since the structure says we should short  to the S4@ 1.3226.   The average (14 day) daily true range (ATR) for the pair currently is 81 pips.  …

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Added by Scott Barkley on August 26, 2013 at 1:22pm — No Comments

$EURJPY- Seeking top?

Currently we are at 100.17 after the break north of the wedge.  We are looking for a bullish continuation to the Day chart Top  area @ 132.67-74.  The average daily true range (ATR) for the pair currently is 122 pips.…

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Added by Scott Barkley on August 23, 2013 at 1:07pm — No Comments

$USDCHF- Trend Break?

Currently we are at 92.73 and attempting a breakout of the downtrend. If successful look to the 0.9350 area first with the next target the R4 @ 0.9380. The average daily true range (ATR) for the pair currently is 81 pips.…

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Added by Scott Barkley on August 22, 2013 at 12:58pm — No Comments

$USDPY- descending wedge

Currently we are at 97.41 in a bearish descending wedge.  We are looking for a continuation to the day chart trend line @ 96.25-40 - the next target the first wave S6  @ 95.44.  The average daily true range (ATR) for the pair currently is 112 pips.…

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Added by Scott Barkley on August 20, 2013 at 1:37pm — No Comments

$USDPY- channel?

Currently we are at 97.96 in a channel north.  We are looking for a bullish continuation to the trend wall @ 98.69 and then decision?  A break up to the 100.00 area or a return to 95.46.  The average daily true range (ATR) for the pair currently is 112 pips.…

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Added by Scott Barkley on August 19, 2013 at 1:26pm — No Comments

Weekly Outlook Video 18/8/2013

Added by 50Pips on August 19, 2013 at 7:00am — No Comments

$NZDUSD- Wedge Break?

Currently we are at 0.8016 in a bullish wedge.  This is a 2 part trade opportunity. We are looking for a bullish continuation to the R5/resistance area @ 0.8076 - the next target the double top  @ 0.8102.  The average daily true range (ATR) for the pair currently is 98 pips.…

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Added by Scott Barkley on August 9, 2013 at 1:03pm — No Comments

$EURUSD- to the top?

Currently we are at 1.3361.  We are looking for a bullish continuation to the Day chart target @ 1.3418.  We are at a very tough resistance so may take some effort to break through.  The average daily true range (ATR) for the pair currently is 88 pips.…

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Added by Scott Barkley on August 8, 2013 at 12:59pm — No Comments

$EURAUD- Head and shoulders?

Currently we are at 1.4872 in a potential head and shoulders reversal pattern.  A couple of different scenarios.  1:  bullish: a move above 1.4900 to the Double top @ 1.4997 area 2: Bearish : A break down here to complete the pattern to the 1.4726 area . The average daily true range (ATR) for the pair currently is 159 pips.…

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Added by Scott Barkley on August 7, 2013 at 12:55pm — No Comments

$EURJPY- Wedge Break?

Currently we are at 130.32 and looking to complete an a-d-c retracement.  We are looking for a bullish continuation to the R6 resistance area @ 131.28 at around the 130.00 area.  The average daily true range (ATR) for the pair currently is 118 pips.…

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Added by Scott Barkley on August 6, 2013 at 12:54pm — No Comments

$EURUSD- continuation down?

Currently we are at 1.3250 and looking for a bearish continuation to the S2 area @ 1.3207- the next target is the support At the S2  @ 1.3154.  The average daily true range (ATR) for the pair currently is 88 pips.…

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Added by Scott Barkley on August 5, 2013 at 12:44pm — No Comments

$GBPUSD- NFP route?

Currently we are at 1.5223 after the reaction to a negative Non Farm Payroll release.  We are looking for a bullish continuation to the resistance area @ 1.5381.  The pair will have to break above 1.5250 if not that would invalidate this. The average daily true range (ATR) for the pair currently is 128 pips.…

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Added by Scott Barkley on August 2, 2013 at 12:55pm — No Comments

$NZDUSD- Wedge Break?

Currently we are at 0.7943 after the break of the trend.  We are looking for a bearish continuation to the Day chart Trend Area @ 0.7860-75 area.  Watch for a bounce there.   The average daily true range (ATR) for the pair currently is 109 pips.…

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Added by Scott Barkley on August 1, 2013 at 12:33pm — No Comments

$GBPUSD- Wedge Break?

Currently we are at 1.5166 after the break south of the expanding wedge. We are looking for a bullish continuation to the R5 / day chart target @ 1.506-5025.  We have to break the support cluster in the 1.5160 area first.  FOMC later – be careful! The average daily true range (ATR) for the pair currently is 128 pips.…

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Added by Scott Barkley on July 31, 2013 at 12:48pm — No Comments

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