GBPJPY See where we are! - forex news trading guide

GBPJPY See where we are! ~ forex news trading guide

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GBPJPY moves is usually 1000 pips per movement with a pause every 500 pips. The 1000 pips support and resistance points are depicted by the yellow lines, while the 500 pips resting points are shown by aqua color.



The red zone on the 14 days period RSI is the sell zone, while the blue zone is the buy zone. The horizontal line on the daily RSI tells you when a movement is weak or about to reverse. The daily chart is the best guide for this style.


The charts are attached. Have a colourful weekend![/quote]





I mentioned that the above posting is classical. See where we are on the weekly and daily charts. For short term traders, I attached H4 charts. I intend to post GBPJPY charts at the beginning of every quarter. Expect another one in May 2011
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GBPUSD End of 1st Quarter (updated) - forex trading gold news

GBPUSD End of 1st Quarter (updated) ~ forex trading gold news

The cable broke out of the concrete zone and the pullback currently sits pretty well on the concrete zone both on the daily and weekly charts. The target appears to be 1.70000 to retest the highest point in August 2009. This will then create a new range of 1.64000 to 1.70000. The weekly candle will confirm a breakout from any range.



I attach the weekly, daily and H4 charts in support of the above analysis



Enjoy your trading for the rest of the week!
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See where we are! - forex market news mt5

See where we are! ~ forex market news mt5

Look at where the price is at the moment! The price moved above 1.60000 by about 20 pips, came down straight and closed around 1.58385 support. There is nothing better than trading within concrete zones. As I mentioned earlier, the current zone is valid until the daily candle closes either above or below the box. See the current range clearly depicted by M15 chart below.

Happy trading!
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Mastercharts for major pairs - news trading strategy forex factory

Mastercharts for major pairs ~ news trading strategy forex factory

What I will share you over the next few weeks is the outcome of some of the research efforts I have concluded. I call these charts the mastercharts. The yellow lines are the major support/resistance area, while the blue/red lines are for minor support/resistance



Replicate the levels on the chart on your trading platform. They are good enough to guide to a profitable trading you for a long time to come.



I share these charts here for the benefit of the lucky few who will be disciplined enough to exploit their usefulness.



The charts are for monthly, weekly, daily, H4 timeframe charts for the majors pairs.



Have a good day!
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EURUSD (updated) Trade set up - forex market news indicator

EURUSD (updated) Trade set up ~ forex market news indicator

The EURUSD weekly chart is on an uptrend a continuation of the reversal of the fall from 1.51387. The current move started from 1.18757 and is currently moving into a wedge between the upper and lower trendline. A break of the trendline will determine the next direction

The daily chart is our trading guide. The daily chart has been on the uptrend move for the past fifteen days. The daily RSI is current around 65 point mark. It is getting ready short. Historically EURUSD is capable of going up to 78.750 mark. It is therefore necessary to watch the current move for the next few days until we see the first full bear candle. As you can see there is no bear candle now. Furthermore, a break of the uptrend line on H4 will confirm when this happens.

The weekly, daily and H4 charts are attached
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GBPUSD See where we are! - forex trading on news or news importance

GBPUSD See where we are! ~ forex trading on news or news importance

Its always a nice feeling when a set-up plays out nicely. The descent has begun, its is a matter of time before we reach 1.56000 while 1.53500 is beckoning

See where we are now on H4 and daily
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