Classic T/A & signals

[Naif]

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...

hello gregcourageous

yea thats usdchf formed a new resistance at 11826 , but i wanted to sell from 11855 before the resistance 11860 because i usually rely on the supports and resistances that are at least 40pips away from the current price two hours before London Market open, because in my experince i found that the pairs usually move 40 - 60 pips to test a resistance or support when London and European market open before it continue to go with its trend.. and sometimes it does not test any thing when those markets open and just drop down but usually it test the nearest resistance 40-60 pips and thats for usdchf and eurusd but for other currencies like GBP pairs it moves more..

 

[gregcourageous]

Re: Classic TA & signals

So in a nutshell you are expecting that prior to the UK market opening the USD will gain a little momentum, head up to around 11850, bounce off that resistance line and head back towards where it is now (11805)
If that is the case would it be a good idea to have a look at going long now, setting a limit around the 11850 mark???

 

[Naif]

Re: Classic TA & signals

well .. i think its a bit risky, because if the price go and test 11860 its more likely to fall because the current trend is down and when i go short then the chnaces to hit my target is 65-80%.. but to go long and wait for the price to test the resistance its a high risk because the current trend is up and the chances to make profit is 50%.

cheers

 

[gregcourageous]

Re: Classic TA & signals

gotcha... will be interesting to watch over the next few hours...

thanks.

 

[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

the high till now is 1.1848 ...

still waiting for my order...and watching the stoc indicator..

 

[Naif]

Re: Classic TA & signals

GBPUSD
this pair is in an ascending channel in the weekly chart.. now is very close to the uptrend line..it broke the first one and now will test the second one.. if it breaks the second uptrend line then maybe we will see the pair fall.. because the pair has formed head shoulders and should close below 1.9630 to be confirmed.. my order now is buy@1.9805 and SL@1.9755 and TP@1.9905.. if it didnt reach to 1.9805 before tomorrow`s data then i will cancel my order.. tomorrow we have important data for GBP and USD and here is the website with the timetable for the data..
http://www.forexfactory.com/calendar.php

here is the weekly chart

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

my SL was hit again ...
the results:
-35-30-29-25= -119 pips

 

[gregcourageous]

Re: Classic TA & signals

my SL was hit again ...
the results:
-35-30-29-25= -119 pips

ouch... must of only just nicked your loss... a few point higher and you would be laughing. ah well

 

[Naif]

Re: Classic TA & signals

ouch... must of only just nicked your loss... a few point higher and you would be laughing. ah well

yea my SL was at 1.1880 and the high was 1.1881
just a few points..

 

[Naif]

Re: Classic TA & signals

I am travelling overseas and i will post here this Sunday...

good luck everyone

 

[>Apocalypto<]

Re: Classic TA & signals

I am travelling overseas and i will post here this Sunday...

good luck everyone

Naif,

Hope you have a good trip.

Regrets to your last trades. I know how frustrating it can be in FX when your right on the direction but you get nicked by a impulse thrust it's damn pain!

On the GBP/EURO happened quite a few times to me. I wont even start on the USD/JPY some times I would think that pair had a personal vendetta against me!

good on you for placing your trades on here.

I started trading FX this year I was mainly a index & share CFD trader but now I find myself enjoying FX more and more, actually now its what I mainly trade.

I focus my attention on the AUD/USD and EUR/USD on daily and four charts but I still watch the USD/JPY USD/CAD GBP/EUR

Good trading Naif

 

[wavepicker]

Re: Classic TA & signals

Yes Naif,

I totally with Trade it, well done for posting your trades here for all to see and demonste a willingness to share your thinking and practical application of your methodology.

Wish there were more posters like you and Trade It, Nick and Mag on this site instead of the same old tight little group who regurgitating the same old narrow minded repetitive garbage over and over.

Cheers

 

[Naif]

Re: Classic TA & signals

hello everyone.. i just went short sold eurusd @ 1.4120 and SL@1.4135 and Target will be posted later....
its small risk only 15pips loss , and i know the trend is up but i expect correction for the pair..
i will back soon with my charts and analysis

 

[Naif]

Re: Classic TA & signals

GBPUSD
this pair is in an ascending channel in the weekly chart.. now is very close to the uptrend line..it broke the first one and now will test the second one.. if it breaks the second uptrend line then maybe we will see the pair fall.. because the pair has formed head shoulders and should close below 1.9630 to be confirmed.. my order now is buy@1.9805 and SL@1.9755 and TP@1.9905.. if it didnt reach to 1.9805 before tomorrow`s data then i will cancel my order.. tomorrow we have important data for GBP and USD and here is the website with the timetable for the data..
http://www.forexfactory.com/calendar.php

here is the weekly chart

cheers

this trade was canceled cuz the gbpusd did not reach 1.9805 after i placed my order

 

[Naif]

Re: Classic TA & signals

Naif,

Hope you have a good trip.

Regrets to your last trades. I know how frustrating it can be in FX when your right on the direction but you get nicked by a impulse thrust it's damn pain!

On the GBP/EURO happened quite a few times to me. I wont even start on the USD/JPY some times I would think that pair had a personal vendetta against me!

good on you for placing your trades on here.

I started trading FX this year I was mainly a index & share CFD trader but now I find myself enjoying FX more and more, actually now its what I mainly trade.

I focus my attention on the AUD/USD and EUR/USD on daily and four charts but I still watch the USD/JPY USD/CAD GBP/EUR

Good trading Naif

Hi trdae_it,
yeah its really bad to be right on the direction but you get nicked...
in this market i have learnt that i must use SL cuz even if i was rite about the direction but somethin bad mite happen and then i lose most of my money(it happened to me once) so your stop loss mite be hit maybe 10 times but in two or three trades you reach your targets and with those three trades you make profit more than you lost in the previous ten trades.. money management is very important...

thankyou

 

[Naif]

Re: Classic TA & signals

Yes Naif,

I totally with Trade it, well done for posting your trades here for all to see and demonste a willingness to share your thinking and practical application of your methodology.

Wish there were more posters like you and Trade It, Nick and Mag on this site instead of the same old tight little group who regurgitating the same old narrow minded repetitive garbage over and over.

Cheers

thankyou wavepicker
posts like this make me happier to post my analysis and trades ..

cheers

 

[Naif]

Re: Classic TA & signals

hello everyone.. i just went short sold eurusd @ 1.4120 and SL@1.4135 and Target will be posted later....
its small risk only 15pips loss , and i know the trend is up but i expect correction for the pair..
i will back soon with my charts and analysis

eurusd went up more than 700pips and did not make a big correction (more than 150 pips) and a clear divergence in the hourly chart in the MACD and a good resistance in RSI. for me that indicates that eurusd is preparing for a correction.. i will be watching the hourly chart, any close above 14120 then i will exit, but if it goes down the first target is 30 pips and the 2nd target is 1.4060

here my chart

 

[Naif]

Re: Classic TA & signals

eurusd went up more than 700pips and did not make a big correction (more than 150 pips) and a clear divergence in the hourly chart in the MACD and a good resistance in RSI. for me that indicates that eurusd is preparing for a correction.. i will be watching the hourly chart, any close above 14120 then i will exit, but if it goes down the first target is 30 pips and the 2nd target is 1.4060

here my chart

eurusd now 1.4104 , i moved my SL to the entry point..
eurusd need a break below 1.4100 to reach my 1st target, and anouther break below 1.4080 to reach my 2nd target.
i will cash out 1/2 of my trade when it reach the 1st target.

cheers

 

[Naif]

Re: Classic TA & signals

eurjpy mite be a good chance for me to buy from 161.43 because the trend is up and its 61.8 fibo on the daily chart, but i am not going to buy because the JPY is a bit unclear against all currencies and also there is a divergence in the MACD in the 1hr chart, so i prefer to watch it...

here the charts


TO be WATCHED

 

[>Apocalypto<]

Re: Classic TA & signals

eurusd now 1.4104 , i moved my SL to the entry point..
eurusd need a break below 1.4100 to reach my 1st target, and anouther break below 1.4080 to reach my 2nd target.
i will cash out 1/2 of my trade when it reach the 1st target.

cheers

Evening Naif,

Looks like the AUD and Euro are now starting to weaken I am not sure on the depth of the pull back but a 23 - 38% or the current rise from the rate cut decision could be on the cards.

both of the pairs on the 4 hour look to be forming bullish continuation set ups so this could be short lived with more upside to follow.

time will tell