Classic T/A & signals

[Naif]

Hello everyone
i will use 90% classick technical analysis and the chart patterns to predict the next move and i will give you my trades ( signals ) for the pairs eurusd, audusd, gbpusd, usdchf, eurjpy and usdjpy.
my posts and signals are my personal opinion and i am not a licensed professional to advice you..



cheers

 

[theasxgorilla]

Re: Classic TA & signals

Welcome back Naif...look forward to your trades and analysis.

 

[RichKid]

Re: Classic TA & signals

Hello everyone
i will use 90% classick technical analysis and the chart patterns to predict the next move and i will give you my trades ( signals ) for the pairs eurusd, audusd, gbpusd, usdchf, eurjpy and usdjpy.
my posts and signals are my personal opinion and i am not a licensed professional to advice you..



cheers

Looking forward to your work Naif, here's a site by Bulkowski for anyone interested in brushing up on classic patterns and stats : http://thepatternsite.com/

 

[Naif]

Re: Classic TA & signals

thankyou asxgorilla
thankyou richkid for the website..its intresting

cheers

 

[Naif]

Re: Classic TA & signals

in my trades i always use stop loss and the stop loss should not be more than 2% of my balance so if my stop loss is hitted then i will lose only 2% of my balance and sometimes less than 2% , all the trades should always be less than 10% so if i go with 4 trades and each of them got stop loss with 2% that means if the stop loss was hitted for the 4 trades then i lose 8% of my balance..it didnt happen before and hopefully it will not happen ...
this is the way i manage my money.

 

[It's Snake Pliskin]

Re: Classic TA & signals

in my trades i always use stop loss and the stop loss should not be more than 2% of my balance so if my stop loss is hitted then i will lose only 2% of my balance and sometimes less than 2% , all the trades should always be less than 10% so if i go with 4 trades and each of them got stop loss with 2% that means if the stop loss was hitted for the 4 trades then i lose 8% of my balance..it didnt happen before and hopefully it will not happen ...
this is the way i manage my money.

Naif,

It is hit.(see the red)

I look forward to your classic TA.

Cheers
Snake

 

[Naif]

Re: Classic TA & signals

Naif,

It is hit.(see the red)

I look forward to your classic TA.

Cheers
Snake

thanks mate

 

[Naif]

Re: Classic TA & signals

before the opening...
EURUSD: the pair is bullish... the market expect to see 1.40 , last week eurusd recorded a new high 1.3927 , then moved between 1.3850-1.3895 and we can see the descending channel in the 1h chart... is it the time for eurusd to correct? if it will correct then we will see 1.3773 which is a good chance to buy and maybe we`ll see 1.3685..

USDCHF: the pair is bearish, the last week it recorded a new low 1.1800, is this pair correcting right now? will it test 1.1980? if it breaks 1.1905 then we gonna see 1980 and its good to short from this point.. the break of 1.1800 will indicate that we might see 1.1477 for the long term, for short term it indicates that this pair will test 1740, then 1695...

 

[Naif]

Re: Classic TA & signals

GBPUSD: this pair closed below 2.0130 after the news of UK mortgage
lender Northern Rock and the market started to fear that Northern Rock will fail and the money is not safe , the close below 2.0130 indicates that GBPUSD is going to test 2.0014 and then 1.9958

AUDUSD: this pair closed above 0.8412 which is 61.8 fibo on the daily chart and that indicates that AUDUSD is going to 0.8437 and then 0.8470.. but i will wait to see if AUDUSD will open this week below 0.8412 or not, but fundimentally the trend of AUDUSD is still not clear.


USDJPY: the break of 115.50 will take USDJPY to 116.50 , good supports found at 115.05 and 114.55

EURJPY: it broke the downtrend line in the daily chart and it closed above 159.58 and that indicates that we gonna see 160.74 and EURJPY needs to break 160.74 to see 162.20.

 

[Naif]

Re: Classic TA & signals

Caribean

Posting analysis and your opinion is just fine so long as it is clear that it is just that. Some put a disclaimer in their signature to that effect.

It is only if you advise or tell people to buy or sell that you run foul of the rules.

Post away.

i found this in the thread (Forex intraday T/A).. does it mean that i cannot tell people about my trades?
i mean if i say for example:
my trade for today is: EURUSD long @1.5565 SL@1.5535 and TP@1.5610 ... is it allowed? or not?
hope someone can tell me before posting my trades..

 

[It's Snake Pliskin]

Re: Classic TA & signals

i found this in the thread (Forex intraday T/A).. does it mean that i cannot tell people about my trades?
i mean if i say for example:
my trade for today is: EURUSD long @1.5565 SL@1.5535 and TP@1.5610 ... is it allowed? or not?
hope someone can tell me before posting my trades..

Naif,

Choose your words carefully.

Telling people what you are trading is not advice as I see it. Telling people what to trade is as I see it. Make it clear it is for discussion or education notably for yourself. Use a disclaimer.

And don't listen to me this is not advice, just opinion for the thread topic. Contact Joe if you have any doubts.

I would like to see this classic TA. Care to post some charts?

 

[wayneL]

Re: Classic TA & signals

i found this in the thread (Forex intraday T/A).. does it mean that i cannot tell people about my trades?
i mean if i say for example:
my trade for today is: EURUSD long @1.5565 SL@1.5535 and TP@1.5610 ... is it allowed? or not?
hope someone can tell me before posting my trades..

Naif,

Posting your trades is completely fine, so long as:

1/ they are not done in retrospect. This means you can post your trading triggers before hand, or as soon as practical after taking them. If you post trades too long afterwards, you will lack credibility and leave yourself open to criticisms of "hindsite trading"

2/ you make it clear that these are trades are what you yourself are taking and in no way is it advice, or an invitation to trade using your signals. I.e. for discussion purposes only. This is so the forum does not run foul of ASIC regulations. Best to put some sort of disclaimer in your signature so you don't have to type it out every time. {<edit> I see you already have a dislaimer. That's fine unless Joe thinks you should expand on that. If so he will contact you. Otherwise post away}

Your example above is fine.

Cheers

 

[Naif]

Re: Classic TA & signals

thank you wayneL and It's Snake Pliskin ..
but could you please tell me who is Joe? and how i can contact em ?

 

[Naif]

Re: Classic TA & signals

Naif,

Choose your words carefully.

Telling people what you are trading is not advice as I see it. telling people what to trade is as I see it. Make it clear it is for discussion or education notably for yourself. Use a disclaimer.

And don't listen to me this is not advice, just opinion for the thread topic. Contact Joe if you have any doubts.

I would like to see this classic TA. Care to post some charts?

the classic TA is to rely on tops, bottoms, fibo and trend lines to find the supports and resistances , and to trade always with trend unless its a strong sup or res then i dont care for the trend..

i will post my charts to make it more clear..

cheers

 

[wayneL]

Re: Classic TA & signals

thank you wayneL and It's Snake Pliskin ..
but could you please tell me who is Joe? and how i can contact em ?

Joe Blow is the site's administrator.

 

[wavepicker]

Re: Classic TA & signals

i will post my charts to make it more clear..

Naif, that would be great as it would make following/understanding your written analysis easier as well.

Cheers

 

[Naif]

Re: Classic TA & signals

my trade today for GBPUSD is buy@2.0020 SL@1.9985 and first target TP@2.0070 and second TP@2.0090
OR sell@2.0125 SL@2.0155 and first target TP@2.0080 and 2nd TP@2.0035

the chart:

 

[Naif]

Re: Classic TA & signals

EURUSD is expected to correct this week if that happen i will buy from supports but if it continue its rally then i will wait for a break to 1.3927 to decide where to buy..
my trade for EURUSD buy@1.3780 SL@1.3760, 1st target TP@1.3810 2nd target TP@1.3830
if EURUSD correct then the USDCHF is more likely to correct
my trade for USDCHF sell@1.1975 SL@1.1995 1st target TP@1.1940 , 2nd target TP@1.1920

because the trend is up for eurusd i will buy and because its down for usdchf i will think only about selling, and i will only sell for eurusd or buy fro usdchf from a strong points.

the daily charts

 

[Naif]

Re: Classic TA & signals

i usually when my trade hit my first target , i cash out half of my trade and for the other half i move the stop loss to the point i bought from and wait for the second target

 

[gregcourageous]

Re: Classic TA & signals

Hey Naif.

Thanks for your posts. I'm slowly but surely learning about T/A so its great to see people posting their trades up, i will be watching closely...

Cheers.