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- fxprocessor commented Jun 23, 2013
I often add a weekly chart to the weekend analysis posts to give a high level overview. GBPUSD high of last week was 1.5749 which was approaching the 1.5820 area previous support zone. From a weekly chart perspective I see the 1.5820 area as being ...
- fxprocessor commented Mar 14, 2013
The original post was already corrected before FF uploaded it. Apologies for any confusion Squeeze :-)
- fxprocessor commented Mar 4, 2013
Just for a quick recap. After the post, GBPUSD moved as high as 1.5058 this morning, around 11 pips under the first zone highlighted around 1.5069 - 79. So the post did not quite call the high. Not too far off though. The pair then dropped 60 pips ...
- fxprocessor commented Oct 31, 2012
The upside momentum has continued today and price is now at the 1.3000 round number area. As per the original post, the price action gave a hint that the upside potential was there, 1.3000 is now key as this level has seen support and resistance on ...
- fxprocessor commented Oct 30, 2012
Minatour/Mingary It's just a technical analysis post guys...relax. I'm not telling you to buy or sell anything. Trade of your own analysis at all times....
- fxprocessor commented Oct 30, 2012
Hi Shovon, Yes a bullish engulfing day would be welcomed by the bulls. Especially if it closed above 1.3000.
- fxprocessor commented Oct 30, 2012
Hi johnvr, You don't need to be a Harvard economist to trade FX :-)
- fxprocessor commented Oct 28, 2012
Hi arthurwsp, I often include the COT report figures as a reference but the price action is my primary focus. In answer to your question. This week the net non commercial position was -55,219 and last week it was -53,495. This shows there is not 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.
- 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.
- fxprocessor commented Sep 17, 2012
Hi Loadedgun. I was just commenting on the price action and giving my opinion on near term potential support and resistance. The Pin Bar is working out well so far.
- fxprocessor commented Jun 17, 2012
I'm sure you are more than comfortable with your own analysis approach. Take care thanks for the feedback.
- fxprocessor commented Jun 17, 2012
Hi Trout, Good afternoon sir. I prefer to focus on recent price action. My last news post on FF from earlier this week (see link below) showed the AUD/USD ascending triangle before the bullish breakout, this had even less candles on the chart ...
- fxprocessor commented May 17, 2012
Did you set a stop loss and define your risk when you entered the trade?
- fxprocessor commented Nov 15, 2011
This is EURUSD guys. Goldman Sachs are not going to gain from sending out false signals. He just got it wrong...
- fxprocessor commented Nov 14, 2011
Hi TraderUSA. Please revisit the USDX chart if you don't see the market as following the technicals. The 76.70 support I reference in the first line of the post has been a major USDX level recently. Price hit this level almost to the pip last night ...
- fxprocessor commented Nov 14, 2011
The move to the downside from resistance did actually come to be. The broken trend line retest combined with the fact that cable was at resistance highs gave a nice setup to start the week. The fact that the USDX was at support was additional ...
- fxprocessor commented Sep 9, 2011
The continuation move below 0.8690 did trigger further downside momentum as forecast. S2 target hit today at 0.8600.
- fxprocessor commented Aug 24, 2011
Guest 143.123 - If the trade criteria fits your system then fair enough. Be carefull though - there has been a large move to the downside and a retrace at this stage would not be unusual.
- fxprocessor commented Aug 24, 2011
Hi donny - I see your S2 was hit. Shocking to see the extreme volatility with 273% of ADR over 30 days!