 Johan Kriek
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Last Activity: Yesterday 04:36 AM
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Latest Blog Entry
Posted in
Uncategorized
by Johan Kriek (jkriek@fxinstructor.com)
Just a quick observation from my side of the universe. Remember the huge falling wedge on the Dollar Index daily chart?
Well, its still intact:
Falling wedges, when found in a bear trend signals reversal. The problem with falling wedges is it can keep on making new lows forever until the violent breakout finally sets in
But
I have seen how the DX has been fighting with 74.77 and failed to break through this and make a new SIGNIFICANT low. Look at the 1 hr chart below:
...
Just a quick observation from my side of the universe. Remember the huge falling wedge on the Dollar Index daily chart?
Well, its still intact:
Falling wedges, when found in a bear trend signals reversal. The problem with falling wedges is it can keep on making new lows forever until the violent breakout finally sets in
But
I have seen how the DX has been fighting with 74.77 and failed to break through this and make a new SIGNIFICANT low. Look at the 1 hr chart below:
...
Posted in
Uncategorized
by Johan Kriek (jkriek@fxinstructor.com)
Below follows a three-step Probability Study on the EUR/USD
Directions:
1) Identify the Major trend Daily chart
2) Identify the Current trend 4 hour chart
3) Identify the 60minute trend - 1 hour chart
* the 60 minute trend will depict the direction of highest probability. This will be your context for todays trading
STEP 1:
Identify the Major
STEP 2:
Identify the Current
...
Below follows a three-step Probability Study on the EUR/USD
Directions:
1) Identify the Major trend Daily chart
2) Identify the Current trend 4 hour chart
3) Identify the 60minute trend - 1 hour chart
* the 60 minute trend will depict the direction of highest probability. This will be your context for todays trading
STEP 1:
Identify the Major
STEP 2:
Identify the Current
...
Posted in
Uncategorized
by Johan Kriek (jkriek@fxinstructor.com)
Key events today:
12:00PM GMT BoE rate decision
If the Bank of England raises interest rates, we could see the Pound shoot for the stars
If the Bank of England lowers interest rates, we could see how the Pound gets pounded. I will not be surprised if we see a cut. Remember the low GDP figure we saw last month?
12:45PM GMT ECB rate decision
If the European Central bank raises interest rates, we could see the EUR move higher although this is highly unlikely
If they cut interest rates, the EUR could fall considerably. I do not think they...
Key events today:
12:00PM GMT BoE rate decision
If the Bank of England raises interest rates, we could see the Pound shoot for the stars
If the Bank of England lowers interest rates, we could see how the Pound gets pounded. I will not be surprised if we see a cut. Remember the low GDP figure we saw last month?
12:45PM GMT ECB rate decision
If the European Central bank raises interest rates, we could see the EUR move higher although this is highly unlikely
If they cut interest rates, the EUR could fall considerably. I do not think they...
Posted in
Uncategorized
by Johan Kriek (jkriek@fxinstructor.com)
Ever wondered how I conduct a Probability Study?
Well, I made a video just for you!
Just remember: The market moves in three trends Major, Current and 60minute trends. The 60minute trend indicates the direction of highest probability
If you are disciplined enough to ONLY execute your trading system in the direction of highest probability then I am pretty confident that you will rake in a consistent pipcatch!
I am presenting a free Level 1 training class on Friday and I will be conducting Level 2 and Level 3 classes on Sunday. Please register yourself a seat here: http://www.fxinstructor.com/eng/courses/probability.php
...
Ever wondered how I conduct a Probability Study?
Well, I made a video just for you!
Just remember: The market moves in three trends Major, Current and 60minute trends. The 60minute trend indicates the direction of highest probability
If you are disciplined enough to ONLY execute your trading system in the direction of highest probability then I am pretty confident that you will rake in a consistent pipcatch!
I am presenting a free Level 1 training class on Friday and I will be conducting Level 2 and Level 3 classes on Sunday. Please register yourself a seat here: http://www.fxinstructor.com/eng/courses/probability.php
...
Posted in
Uncategorized
by Johan Kriek (jkriek@fxinstructor.com)
Probability Studies:
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.4812
Bullish Probability above: 1.4812
Significant resistance: 1.4812
Significant support:1.4718, 1.4665, 1.4565
Direction of Highest Probability: No trade zone wait for break
Bearish Probability below: 1.6340
Bullish Probability above: 1.6500
Significant resistance: 1.6600
Significant support:1.6030
...
Probability Studies:
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.4812
Bullish Probability above: 1.4812
Significant resistance: 1.4812
Significant support:1.4718, 1.4665, 1.4565
Direction of Highest Probability: No trade zone wait for break
Bearish Probability below: 1.6340
Bullish Probability above: 1.6500
Significant resistance: 1.6600
Significant support:1.6030
...
Recent Comments
Hi Luis,
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Sorry, What time is
