All Blog Posts Tagged 'trading' (543)

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

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

Divergences and OB/OS levels-chapter 3

Usualy the divergences act as short term countertrend (reversal) patterns but there are divergences that also act as continuation patterns in trends. Usualy, when a divergence act as a short term countertrend pattern the gains are smaller than when the divergence act as a continuation pattern. When you have a divergence acting as continuation pattern there are chances to join the trend and make more gains.

Bellow I will show to you a few examples of the divergences that act as…

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Added by Daologic on July 29, 2014 at 6:00am — 12 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

AUDUSD Double Bottom Trade Plan..!!!

Added by Sheeda Pastaol on July 23, 2014 at 11:15am — 1 Comment

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

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

June 26 Usd/Jpy Pattern

This pair looks interesting. Potential Reversal Zone (PRZ), red circle. Update today July 8, 2014.

This patterns works good after all.…

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Added by Octavio Dolores on July 8, 2014 at 3:33pm — 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

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

Target Trading in the Forex upcoming week of June 8, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3645 after a breakout down.  Looking for early move back to around 1.3735 and then another push down.  Be prepared for the breakout back north though.  The average daily true range (ATR) for the pair currently is 39 pips.…

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Added by Scott Barkley on June 6, 2014 at 9:17pm — No Comments

Target Trading in the Forex upcoming week of June 1, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3632 after a violent correction from the rising wedge which we alerted to.  The correction is on the 0.786 Fibo which is a definite bounce point so watch for a move back up – which may be short-lived.  If we do not get the bounce look for the 1.3473 Day chart target down.  The average daily true range (ATR) for the pair currently is 63 pips.…

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Added by Scott Barkley on May 31, 2014 at 3:19pm — No Comments

Daily Forex Trading Commentary - Sunday 18th May 2014

EUR/USD - Bullish Price Action Pin Bar From Key Support

The EUR/USD produced a bullish pin bar from key support on Thursday last week and dipped back to around the 50% retracement level in Friday's trading session. There has been a lot of selling in this market over the last week or so it is advisable to be cautious here. This setup is still very well defined and at a strong support level so has a good chance of success. If traders are able to monitor intra-day price movements it…

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Added by Lewis Barber on May 18, 2014 at 9:04pm — No Comments

Target Trading in the Forex upcoming week of May 18, 2014

Note: I am traveling for My daughter’s wedding – will not be able to post again until the 28th!

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3716 after a violent correction.  The correction should set up a run back  to the 5th wave R5 @ 1.4024 with a stall at 1.3850 area.  The average daily true range (ATR) for the pair currently is 63 pips.…

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Added by Scott Barkley on May 17, 2014 at 1:18pm — No Comments

Target Trading in the Forex upcoming week of May 11, 2014

Note: the continuing pattern of lower and lower ATR’s makes the outer targets harder to reach.

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3755 after massive stops were run over on Friday (square up day).  We said this last week “… this could turn bearish in a heartbeat”.   The break back into the former downtrend suggests a continuation to the S5 @ 1.3617 with a stall at 1.3665-72.  The average daily true range (ATR) for the pair…

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Added by Scott Barkley on May 10, 2014 at 2:29pm — No Comments

Target Trading in the Forex upcoming week of May 4, 2014

Note: the continuing pattern of lower and lower ATR’s makes the outer targets harder to reach.

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3872.  We were able to get the gap closed and we continue to hover above the 1.3850.  While this should turn bearish in a heartbeat we will look for the pair to continue the slow laborious ascent inside the channel to 1.4042.  A breakdown will target the R2 at around 1.3768.  The average daily…

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Added by Scott Barkley on May 3, 2014 at 3:17pm — No Comments

Daily Forex Trading Commentary - Wednesday 30th April 2014

EUR/USD - Massive Rejection of Key Support, Look For Entry On Retracement

The EUR/USD produced a massive rejection of key support at 1.3785 today as price exploded higher into the close. From here we could see a move back to key resistance at 1.3965 before price begins to run out of momentum. The most logical entry here would be around the 50% retracement entry of today's bar with stop-losses below the low - this will leave lots of room for good risk / reward on this setup (for…

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Added by Lewis Barber on May 1, 2014 at 3:43am — 1 Comment

Price Action Setups – AUDUSD, EURAUD and GBPJPY

The AUDUSD finished the day lower, forming a bearish pin bar on the daily chart. The next level of possible support looks to come in around the .922 level. This level is represented by the lows from late March / early April. Below this level, the .913 may prove as support. The pair is still looking fairly constructive in the short to mid term, however we are still making lower highs and lower lows in the longer-term.

audusd daily price action chart

The EURAUD finished today with a…

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Added by Justin Bennett on April 29, 2014 at 12:00am — No Comments

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