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10-02-2008, 06:33 AM
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Great Chart!
Quote:
Originally Posted by Blaiserboy
This could be significant resistance area
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With Non Farm payroll due out on Friday, and the House vote on the Paulson Rescue Plan, The EURUSD may be able to reverse its fortunes at the support level you highlighted.
However, if we close below the 1.3881 level on a daily basis, look for free fall to happen down to the 1.3348-1.3266 level. MACD has crossed with its signal line pointing down and bot below the zero line. This is bearish. Weekly MACD is even more bearish with both lines pointing down with angle and separation below the zero line.
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10-02-2008, 06:45 AM
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Yes.... third test of that line could be well worth paying attention to......!!
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10-02-2008, 07:01 AM
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EURGBP monthly
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10-02-2008, 07:03 AM
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USDCHF monthly
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10-02-2008, 07:06 AM
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GBPUSD
GBPUSD monthly
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10-02-2008, 09:27 AM
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USDCHF Formation
Quote:
Originally Posted by Blaiserboy
USDCHF monthly
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This looks like a bearish formation, yet prices continue to go higher. This one was the most puzzling. All the others worked very well.
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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.
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10-02-2008, 09:33 AM
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Quote:
Originally Posted by Gregory McLeod
This looks like a bearish formation, yet prices continue to go higher. This one was the most puzzling. All the others worked very well.
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I have found that the patterns do not always work, or........ sometimes the expected reversal is delayed.......
And I guess that is similar to other indicators. they are not foolproof and need some support from price action.. or other indicators. |
10-02-2008, 09:41 AM
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EURUSD
Quote:
Originally Posted by Gregory McLeod
With Non Farm payroll due out on Friday, and the House vote on the Paulson Rescue Plan, The EURUSD may be able to reverse its fortunes at the support level you highlighted.
However, if we close below the 1.3881 level on a daily basis, look for free fall to happen down to the 1.3348-1.3266 level. MACD has crossed with its signal line pointing down and bot below the zero line. This is bearish. Weekly MACD is even more bearish with both lines pointing down with angle and separation below the zero line.
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Thee is a small struggle happening as the morning passes, price has risen from the low, we will have to observe as the hours pass. I was short for a while and liquidated as the rise started, I am waiting to see if I can re enter short.
I have attached a 15 minute chart
Last edited by Blaiserboy; 10-02-2008 at 11:05 AM..
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10-02-2008, 01:38 PM
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Quote:
Originally Posted by taka666
blasierboy may i know how do u draw the head and shoulders pattern in MT4? can upload for me ur indicator pls.
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I am not so sure that the forum is for indicators as that is unrelated to this thread....
You can search other Forex related forums for indicators by Nen and I am sure you will find it |
10-05-2008, 11:55 AM
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USDCAD BULLISH
USDCAD has now broken above a long term fib level which gives scope to the next fib level up at 1.1780 .... Price made a weekly close above the fib line last week.. I expect that we can get long this pair with a target near 1.1780 and a stop below the start of this months price action below 1.0610
Roughly a thousand pips profit potential from current price of 1.0800
Last edited by brad_1199; 04-09-2009 at 12:10 AM..
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10-05-2008, 02:54 PM
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Brad
Nice work!!!!!
I see that you are working on a Sunday...... no days off........... lol
dave
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10-05-2008, 03:14 PM
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Blaiserboy :)
Quote:
Originally Posted by Blaiserboy
Brad
Nice work!!!!!
I see that you are working on a Sunday...... no days off........... lol
dave
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Being ahead of the market is my passion ! Sunday is a regular work day for me  |
10-06-2008, 01:22 AM
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Gold
Gold weekly
some overlapping Fibonacci patterns.....
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10-07-2008, 01:34 AM
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Quote:
Originally Posted by Blaiserboy
Gold weekly
some overlapping Fibonacci patterns.....
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Quite fascinating! I learn a great deal from your charts. The lack of faith in paper money and the financial system in general during this economic crisis has driven investors to buy gold.
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10-07-2008, 09:02 AM
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EUR/AUD Higher on AUD 100 Basis Point Cut
The daily uptrend that has been in effect since the end of July has taken the pair some 2738 pips from 200 SMA at 1.6555 to the October 6th new 7-year high of 1.9293. An aggressive bounce at the 38.2% Fibo level in the 1.7403 area propelled the pair to these heights. MACD and stochastics are pointed up with room to go higher and EUR/AUD is trading above trend line support in the 1.7750 neighborhood. The Reserve Bank of Australia’s surprise 100 basis point rate cut continues to fuel this up trend. Look for a break above the 1.9293 high to confirm the continuation of this trend. Any pullbacks should be looked at as buying opportunities.
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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.
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