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fxprocessor replied Oct 28, 2012A couple of price action setups I will be monitoring heading into the new week. GBPUSD inside day USDJPY bearish engulfing candle (bearish outside bar). cheers FXP
james16 Chart Thread
- Submitted Oct 27, 2012|From forex-fx-4x.com
The USDJPY has printed a bearish engulfing candle at the 80.00 handle. The bearish engulfing line is a technical chart pattern which consists of a white/upside candle, which is then followed by a black candlestick that has completely eclipsed the ...
- Submitted Oct 25, 2012|From forex-fx-4x.com|1 comment
From a market sentiment point of view speculators look to be buying sterling as additional QE measures from the BOE (Bank of England) appear to be less likely, in the near term, after the healthy UK GDP figure today. GBP/USD has today experienced a ...
- fxprocessor commented Oct 22, 2012
Hi IberoForex. Taking a longer term view, the June/July resistance highs around 1.5780 look like a decent potential support level. This is also roughly aligned with the 50% retrace of the last major swing higher.
GBPUSD Technical Update – 22/10/2012
- Submitted Oct 22, 2012|From forex-fx-4x.com|6 comments
Our GBPUSD technical update on Friday afternoon highlighted the previous price support zone between 1.5970 and 1.6000 and noted that the level may well provide support again. The daily pound/dollar chart below (figure 1) shows this level has held so ...
- Submitted Oct 21, 2012|From forex-fx-4x.com
A look at the daily timeframe AUDUSD daily timeframe chart below shows the 1.0160 area has once again held as support over recent weeks, after the market ran the stops under the previous swing low at 1.0165. The AUDUSD is struggling around the 50% ...
- Submitted Oct 20, 2012|From forex-fx-4x.com|2 comments
Our EURUSD analysis post last week highlighted a bullish engulfing candle off the 200 period SMA at 1.2820. Price subsequently moved over 180 pips higher after breaking above the candle high in the first instance and then above the 1.30 handle. ...
- Submitted Oct 14, 2012|From forex-fx-4x.com|2 comments
The EURUSD currency pair has found support at the 1.2820 area which is aligned with the 200 period SMA (daily). This comes in the context of the recent uptrend which has then seen a consolidation phase. A bullish engulfing candle subsequently formed ...
- Submitted Oct 13, 2012|From forex-fx-4x.com
Dollar Analysis – USDX Technical Update - Week Of 15th October The USDX has closed higher on the weekly basis after last weeks lower close. Price is consolidating between 78.30 area price structure support and the 80.00 handle. A bear flag pattern ...
- fxprocessor replied Oct 8, 2012
Do you think the GBPAUD 1.5700 level is important or the GBPUSD 1.6000 level and AUDUSD 1.0170 area support? Just food for thought as you mentioned this BRN.
james16 Chart Thread
- fxprocessor replied Oct 8, 2012
Are you doing this already? Is your money management consistent?
james16 Chart Thread
- fxprocessor replied Oct 2, 2012
I have been scalping the gold today. A great false breakout setup around the daily pivot just closed out, also cable earlier today. Good trading to you.
Daily EUR/JPY analysis
- fxprocessor replied Oct 2, 2012
Keep an eye on price action around the EURJPY 100.00 level is price does roll over. Also keep an eye on other currency pairs including the USDJPY and EURGBP to gauge potential EURJPY strength. See this post for recent EURJPY price action analysis.
Daily EUR/JPY analysis
- fxprocessor replied Oct 1, 2012
Profit taken after the ISM gave a good run higher. EURUSD has made a third touch on the descending trend line. Looking for some price action to trade a short term pullback before loading up long again..
EURUSD
- fxprocessor replied Oct 1, 2012
Careful fading this EUR strength. EUR is also strong today V GBP and JPY. I have taken a long on EURJPY with a view to holding for a couple of days or so unless stopped out. The bullish Pin Bar from 27/9/2012 is not yet invalidated.
EURUSD
- fxprocessor commented Oct 1, 2012
Interesting to hear your feedback guys. I see meditation as an important part of my routine and something which helps put me in the right frame of mind for trading.
Enhancing Trading Performance Through Meditation
- Submitted Sep 30, 2012|From forex-fx-4x.com|6 comments
- Enhancing Trading Performance Through Meditation - Stress and mental pressures are an every day reality of trading the markets. Our ability to deal with these emotions can have an impact on our bottom line. How do you deal with losing trades? How ...
- fxprocessor replied Sep 28, 2012
I'm not Jarroo (and don't actually know what a HCR is) but maybe you can ask yourself the following question. Is the bar you traded from telling you that the market wanted to move higher? I see one bullish candle after a strong reversal from a ...
james16 Chart Thread