the path of the newbie: do you want to cooperate? - Page 11

Sauron · #**101** (**permalink**) 02-04-2008, 07:54 AM

Hello!

Excuse me that I publish 2 posts in a small period of time - I do it only during the flat on the market.

================================
Take a look at the picture - anything just like I planned. Pleasant thing to watch.

The next step is to continue trading, and now while the price will decide where to move next, we will analyze where it will go, and then follow it

Simple, isn't it?

The 1st variant that comes to my mind is, that this ascending movement was a correction. Also I want you to mention divergence in the last bullish jerk. Because of all these points, I think that now we have to watch the price very carefully - it may begin new descending wave at any moment. I will not sell though until the price will breakdown 233 MA. It is the most important support at the moment.

I will think about buy trades, only after breakout of the red resistance line, or after a correction.

For now it is all, I hope that it will help you.

Best Regards,
Anthony Schneider.

=====================

Original post - Forex blog: Dow Jones, Elliot, News and all other kinds of trading!: GBPJPY The next step

Sauron · #**102** (**permalink**) 02-05-2008, 01:39 AM

Good day!

It is only 4:40 AM right now (well when I started to write this

), so market is very calm right now.
Anyway, we may analyze what we have, and some things are clear even now.

Ok, the 1st thing is Pivot Point - here I explained a little about it.
Price didn't manage to break it twice and after a bounce it came into a flat.
Also I want you to mention this divergence, marked with magenta lines.

All these things stand for ascending movement. I will watch the movement by these flat levels, that I marked out, by the Pivot Point and the closest support and resistance levels.
All MAs now are gathering at the price's location, it the sign of a strong movement. And at last, if you'll have a look on M30, you'll see that on this TF we can watch the price also by 233 MA, that is just a little higher.

For now it is all.

Best Regards and good luck to you!
Anthony Schneider.

Original post - Forex blog: Dow Jones, Elliot, News and all other kinds of trading!

Nili · #**103** (**permalink**) 02-07-2008, 07:22 AM

Hello everybody!
Here is the trade plan for today

Quote:

GBPUSD flat on M15
Hello everybody!
Right now we are in the flat M15(1.9653-1.9662) Take a look at the picture.
07022008tp.png (image)
So as you can see there are market two variants of movements. You can see the first(a) wave down then it's correction b and the a(C) wave. This variants of movement are shown in both directions. The resistances for the blue variant are 1.9681; 1.9712; 1.9760. Breaking the 1.9553 will annul this scenario.
The supports for the red variant are 1.9514; 1.9486;1.9447. The annulling of this scenario will come with breaking the 1.9662
Be careful, because it can reverse at the borders of the flat.

Best Regards
Tacomy

The trade plan is taken from Forex blog: Dow Jones, Elliot, News and all other kinds of trading!
Good Luck!

Nili · #**104** (**permalink**) 02-07-2008, 07:52 AM

Hello, here is the trade plan for GBPJPY pair

Quote:

Hello!

Today I want to review GBPJPY on bigger TFs.

Let us begin with D1 - daily chart.
20080207+-+gbpjpy+d1.png (image)
Here you can see main descending impulse, and right now we probably making the 4th wave - the most difficult to find and to trade.
As you can see, price is lower then 233, 55 and 21 MAs, and also there is no divergence with AO (MACD with 5-34-5 parameters is the same).
So nothing should change main descending trend right now.

Ok, no to H4 chart - 4 hours.
20080207+-+gbpjpy+h4.png (image)
On H4 you can see the 4th wave only. I have mentioned its structure on the chart, and now the only thing I want to say is, that 4th wave can be a tricky itself, but now, more then that, we have wave B in the 4th, so things getting worse for us, dear traders.
Wave B in corrections is as tricky as the 4th wave in impulses. Right now it have already made 5 wave patterns, and we can't be sure that it is all. We have to keep in mind irregular corrections as well (W-X-Y type, where each of its waves consists of A-B-C pattern, so it is 3 corrections in one, if to put it simply).
On this TF 233 MA is higher than price, but others not. Also there is some kind of small divergence already, but we will talk about this moment on the smaller TF.

H1 chart - 1 hour.
20080207+-+gbpjpy+h1.png (image)
Ok, now you can see it all. Divergence, ALL MAs are crossing the price. Seems that reverse will be soon. I think picture is better than words, so check it out, and ask questions if you will have any.

And as a conclusion, I can say, that we will probably have an ascending movement soon, but we have to keep in mind, that bigger TFs still have their targets at the bottom.

It is all for now.

Good luck in your trading!

Best Regards,
Anthony Schneider.

The trade plan is taken from Forex blog: Dow Jones, Elliot, News and all other kinds of trading!
Good Luck

Nili · #**105** (**permalink**) 02-08-2008, 06:23 AM

Hello everybody
Here is the review of GBPJPY pair

Quote:

GBPJPY From Weekly to M15
Hello!

Yesteraday I have mentioned Daily, H4 and H1 charts, and now I want to add Weekly chart.

If we would check the whole picture, than we will probably come to conclusion, that right now we have A-B-C correction on weekly TF.
20080207+-+gbpjpy+w1.png (image)

We have divergence in the 4th wave with AO (MACD), and we have descending correction. Back then I was talking about wave C in this correction. Of course it is possible, that it will become an impulse, but in this case we will have to review the whole wave order.

So, at that moment I was talking about the 4th subwave in wave C (check out 1 hour chart). And, as I have mentioned before, it can be irregular (and it can cross the last minimum also, and then it will go upwards in wave C (of the 4th subwave, of wave C )).

And also on 1 hour chart: no matter that yesterday we had a nice descending movement, you can still see that divergence is continued, and probably the price just finished its targets at the bottom (for THIS TF - on bigger TFs targets are lower).

So I think it is too early to plan long sell trades right now, but of course, as the main trend is descending (on weekly and daily TFs), ascending movements will be shorter, but enough for intraday trading. I will post my thoughts about the targets for both movements later.

Check out previous post also.

And take a look on M15 chart - current situation
20080208+-+gbpjpy+m15.png (image)
Here I marked out main support/resistance levels and flat levels as well.

Look forward for further comments.

Best Regards,
Anthony Schneider.

The trade plan is taken from http://www.fxanthony.blogspot.com/

Nili · #**106** (**permalink**) 02-08-2008, 07:39 AM

Hello,
take a look at the GBUSD revew

Quote:

GBPUSD review
Hello everybody!
First of all let's take a look to D1 TF
08022008tp.png (image)
On the picture I've marked the waves 1;2;3 and the wave 4. But I'm not sure that it is finished, because the wave 2 was a simple correction and the wave 4 should be a complicated one. I hadn't marked the wave 1.9958-1.9387 because it is not yet finished.
Now take a look at the M30 TF
08022008tpm30.png (image)
The up movement is the correction of the yesterday movement. The resistances are: 1.9477; 1.9506; 1.9562; 1.9588
And the supports for the downwards movement are 1.9299; 1.9242; 1.9152

Best Regards
Tacomy

The trade plan is taken from Forex blog: Dow Jones, Elliot, News and all other kinds of trading!
Good Luck

Nili · #**107** (**permalink**) 02-11-2008, 08:42 AM

Hello everybody!
Here is the trade plan for today

Quote:

GBPUSD a new week is started
Hello everybody!
A new week is started, so let's start trading. First take a look at the picture(H1 TF)
11022008tph1.png (image)
As you can see there is a flat 1.9387-1.9511. I have also marked two variants of movement on H1. The supports for the downwards movement are 1.9297;1.9237;1.9148 And the resistances for the upwards movement are 1.9534;1.9585;1.9633
Now take a look at he M15 TF
11022008tpm15.png (image)
I've marked two variants of movement, but I've marked the supports only for the downwards movement, because the wave up M5-M15 is not yet finished. So the supports for downwards movement are 1.9349;1.9315;1.9264
Best Regards
Tacomy

Good Luck

Nili · #**108** (**permalink**) 02-12-2008, 06:57 AM

Hello everybody!
Here is the trade plan for today

Quote:

GBPUSD flat movement
Hello everybody!
As you can see there was a flat movement up at the Asian session, and it's really difficult to say something about the further perspectives. Let's take a look at the picture.
12022008tp.png (image)
There are marked the borders of the flat 1.9388-1.9541. Now we are at the upper border of the flat. And this moment it can bounce from this level, or can continue it's movement up.
The resistances for the up movement are 1.9559;1.9578;1.9697
The supports in the flat are 1.9479;1.9451
And the supports out of the flat are 1.9297;1.9243;1.9153
For trading today I recommend you to look a-b-c patterns on smaller time frames

Best Regards
Tacomy

The trade plan is taken from Forex blog: Dow Jones, Elliot, News and all other kinds of trading!
Good Luck

Nili · #**109** (**permalink**) 02-13-2008, 07:34 AM

Hello everybody!
Here is the trade plan for today

Quote:

GBPUSD further perspectives
Hello everybody!
Yesterday we had a nice up movement, look at the the Monday's H1 trade plan picture
Forex blog: Dow Jones, Elliot, News and all other kinds of trading!: GBPUSD a new week is started
Look how it bounced from the third resistance
Now let's analyse the today's situation. Let's take a look at the picture
13022008tp.png (image)
The red line indicates the possible correction of the yesterday movement. It's supports are 1.9515; 1.9490;1.9445
And if the pair will break the yesterday maximum the up movement will be continued with the next resistances 1.9703; 1.9747; 1.9821
Best Regards!
Tacomy

The trade plan is taken from Forex blog: Dow Jones, Elliot, News and all other kinds of trading!
Good Luck

Nili · #**110** (**permalink**) 02-14-2008, 06:58 AM

Hello everybody!
Here is the trade plan for today

Quote:

Hello everybody!
It's interesting, what gift did prepare this pair for us.
It's difficult to say something because the up movement is not finished. Take a look at the picture
14022008tp.png (image)
I've marked three resistances up, because the wave up is not yet finished 1.9742; 1.9773; 1.9821. Later I will publish the supports too.

Best Regards
Tacomy

The trade plan is taken from Forex blog: Dow Jones, Elliot, News and all other kinds of trading!
Good Luck

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