Classic T/A & signals

[Fool]

Re: Classic TA & signals

yeah thanks for sharing, I am also closely watching.

 

[Naif]

Re: Classic TA & signals

gregcourageous & Fool
hello there... thanx for watchin closely my trades.. good luck

the market is quite and sidelined because today is holliday in Tokyo and because the market is waiting for tomorrow FOMC meeting...

 

[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:

the sl was hit -35 pips ..
the sell order is canceled now..

the GBPUSD has fallen because of the speculation that a UK clearer might announce a change to its UK base rate forecast later today and call for a cut in November.

 

[Fool]

Re: Classic TA & signals

hmm unlucky ,I sometime just trade the USD/AU with not much luck, but I much prefer the index and binary indexes. but I want to get into more fx trading due to longer hours.

 

[wavepicker]

Re: Classic TA & signals

Looks as though the GBPUSD might be undergoing a larger correction assuming trend is up?? Three waves always unfold against the one larger trend. In this case for now this pair(GBPUSD) the short term trend is down not up. I have found that a failure in many instances on a daily chart for a retrace not to close above the 3/4 level can on many occasions lead to further correction. This might be a double zigzag pattern in progress here now, and if this IS the case then prices might carry below the 1.9651 low made on the 17/08/07(red wave W). Assuming waves W and Y are 1:1, then this might be approximately 1.9360 plus or minus 20 pips??

Just my 2c worth

 

[Andy_aus]

Re: Classic TA & signals

Hey good job on the signals... keep it up, always good to see some different opinions

 

[Naif]

Re: Classic TA & signals

hmm unlucky ,I sometime just trade the USD/AU with not much luck, but I much prefer the index and binary indexes. but I want to get into more fx trading due to longer hours.

umm we can not say unlucky in this market.. no one can always make profit, what really matters , is at the end of the month you increase your balance.. since 2003 i trade in this market and i know its very dificult to make profit all the times, sometimes in two months only losses but at the end of the year you increase your balance by 40% which i think is very good..

 

[Naif]

Re: Classic TA & signals

Looks as though the GBPUSD might be undergoing a larger correction assuming trend is up?? Three waves always unfold against the one larger trend. In this case for now this pair(GBPUSD) the short term trend is down not up. I have found that a failure in many instances on a daily chart for a retrace not to close above the 3/4 level can on many occasions lead to further correction. This might be a double zigzag pattern in progress here now, and if this IS the case then prices might carry below the 1.9651 low made on the 17/08/07(red wave W). Assuming waves W and Y are 1:1, then this might be approximately 1.9360 plus or minus 20 pips??

Just my 2c worth

hello wavepicker.. while i am not a good in analyzing using EW, but i`m not sure if we gonna see 1.9360 or 2.3000 because alot of things might happen and change the move.. for example the usd was suffered alot against most of currencies but the gbp fell against usd after the data of the mortgage comany in UK and before that data most of the market expected to see 2.0650 and 2.1000 ....

cheers

 

[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

i canceled my orders.. i never sleep and there are waiting orders cause i dont know what mite happen... i will back tomorrow with new analysis..
tomorrow we have important data FOMC and the span of decision expectations running from no change to -50bp, with the mean at -0.25bp...
what i expect .. if the result no change... we will see a big move for usd against all currencies specially GBP..if the result -25bp then we might see the currencies rise against usd but do not break the last week highs.. the other scenario that we will see the currencies rise against usd and break the last week highs if the result of FOMC is -50bp..

levels to watch and we might not see it:
EURUSD: 1.3773 , 1.2679
USDCHF: 1.1980 , 1.2082
USDJPY: 116.50

cheers

 

[Fool]

Re: Classic TA & signals

I like is Naif, sounds good, Should be a interesting day tomorrow,

Do we know when the FED is going to make the announcement?? is it sometime before close of business on 18th US??

 

[Naif]

Re: Classic TA & signals

hi fool..
it will be at 2:15 pm NY time, so it will be at 4:15am sydney time..

check this website.. provides the times for all the important data
http://www.forexfactory.com/index.php?tomorrow=1

check this report about FOMC
http://www.forexfactory.com/news.php?do=news&id=47408

cheers

 

[Naif]

Re: Classic TA & signals

I am still watching... i prefer to stay out from USD pairs untill the results of FOMC meeting is out..

 

[Naif]

Re: Classic TA & signals

EURJPY since it recorded the low 149.23 and is in uptrend and broke the down trend line in the daily charts..
EURJPY now is 160.70 and its close to 161.35 which lays on the 61.8 fibo and it supposed that the price will fall from that point at least 70pips..
my order today for EURJPY is sell@161.30 and SL@161.55 and TP@160.60
the Stop loss is only 25pips..
the risk for my money in this trade is 1.5%

here the charts



cheers

 

[Wysiwyg]

Re: Classic TA & signals

For those interested in forex tradin here is a site that has some great help ..

http://www.babypips.com/

"When it comes to forex education, BabyPips.com is the best web site I've ever found!"
-Carolyn Coon (more buzz...)

 

[Naif]

Re: Classic TA & signals

and here is the hourly chart for eurjpy and we can see the divergence in MACD and RSI...
I expect the EURJPY will test 161.20-1635 level before falling to 160.60..
let`s see

 

[Naif]

Re: Classic TA & signals

EURJPY since it recorded the low 149.23 and is in uptrend and broke the down trend line in the daily charts..
EURJPY now is 160.70 and its close to 161.35 which lays on the 61.8 fibo and it supposed that the price will fall from that point at least 70pips..
my order today for EURJPY is sell@161.30 and SL@161.60 and TP@160.60
the Stop loss is only 30pips..
the risk for my money in this trade is 1.6%

here the charts



cheers

I just changed the SL to 161.60 so its only 30pips.

cheers

 

[Naif]

Re: Classic TA & signals

if we look to the eurusd chart we can see that the traders are still not sure and the eurusd been traded in range 3895 and 3860 and today made a new low 3827 .. i think the traders are expecting that the FOMC will not cut the intrest rates by 50bp ..and the data will come out in an hour... anyway i just went short and sold eurusd from 1.3876 and the SL@1.3905 and the limit is open .. its a risk but i think 29pips risk is not that much its a tight stop.. and technically, the eurusd must correct to 1.3773 ...

good luck everyone

 

[Naif]

Re: Classic TA & signals

EURJPY and EURUSD both of them hitted the stop loss after the FOMC decided to cut the intrest rates by 50bp which was not expected and all the market expected 25bp.. this is the forex and we have the Stop Loss feature so we can manage our money...
the results untill now:
-35-30-29= -94 pips

i will provide weekly a table for my trades and results.

Hint for new forex traders.. losses happen , you must accept it and you must have self confident, and there are alot of chances to gain money .. patience and confidence are the keys..

see you soon

cheers

 

[Naif]

Re: Classic TA & signals

good afternoon...
the usdhchf is in a down trend... so i will sell from resistance..
also before i have to make sure that the stochastic indicator with the default setting should be over bought..my trade for today USDCHF sell@1.1855 and SL@1.1880 and i have two targets 1.TP@1.1825 , 2.TP@1.1805

cheers

 

[gregcourageous]

Re: Classic TA & signals

Thanks Naif.

Quick question, What is your reason for placing the order at 11855 to me 11826 looks like the latest support with that double peak...