Larger Picture for AUDUSD - forex market news trading

Larger Picture for AUDUSD ~ forex market news trading

This is the larger picture for AUDUSD. The next target for the bull is 0.98400 before a retrace is expected.

I dont trade AUDUSD regularly, but that is where I am watching for a long term trade. As you can see, I have a sell order waiting at 0.99990. This is not recommended for short-term traders. This is purely a long term trade and I am willing to wait for over 500 pips or more. This can take weeks of even months to happen so be warned.

I dont expect it to get there, but would be a pleasant surprise if it does. 0.98400 - 0.99000 is the area I will be willing to pull the trigger manually, if I see a sell signal on the weekly. At that point AUD will damn too expensive against the dollars.

These areas are obvious in the daily and weekly charts attached.

Happy trading!
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Cable out of 200 pips box - forex market monitor news

Cable out of 200 pips box ~ forex market monitor news

Cable has broken out of the 200 pips box and appears to be heading toward the next box. Price movement is simply a matter of habits. History keeps repeating itself over and over again.



Look at the candle between between 1.57147 and 1.58534 both on the way up and down. I single H4 candle. Also look at the candle on the way down from 1.60000 which closed on 1.56396 and the current candle which took which close outside the box.



If we break the resistance at 1.58535 our next destination is most likely the next zone between 1.58535 - 1.60000. If the resistance hold however, we have landing where the candle took of from i.e. 1.57000 - 1-55000
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USDCHF Analysis - forex market moving news

USDCHF Analysis ~ forex market moving news

USDCHF is currently close to its historical low level of 0.96360 recorded in March 2008. The monthly and weekly candles however show that the pair is still descending. This could be attributable to the general weakness of USD against most major currencies. I must admit however, the pair is very tempting for long. The best option if you are trading this currency long-term is to wait for the trend reverse and follow it. A weekly candle close above 0.98963, which is a very strong support will confirm the reversal. This is an area I will be watching


For a short term trade the sell signal was given by M15 on 0.97161. The best option for short term trading is to wait for another signal sell signal on M15.

The points are clearly indicated in the charts below
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Is USDCAD ripe for short - forex news trading pdf

Is USDCAD ripe for short ~ forex news trading pdf

I am currently watching USCAD for short. For the other majors that I dont trade regularly, I look for set-ups in the daily chart. The daily is getting ripe for short, but the signal is not there yet. The next 2-4 candles will determine the direction. The two major resistance areas on the daily chart will give the signal to sell for an appreciable drop. I attach two charts to clearly illustrate the point.



Enjoy your trading!
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Everything is in the chart - forex news trading plan

Everything is in the chart ~ forex news trading plan

Look at where price is at the moment, over 40 pips in the bag already! If you follow this advise the horizontal line on the RSI is the place to watch out for. If you miss the train, wait for the next set-up.
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GBPUSD Still within 200 pips H4 box - forex news trading strategy pdf

GBPUSD Still within 200 pips H4 box ~ forex news trading strategy pdf

When I posted the last chart, I mentioned that Cable has formed a 200 pips box. Price broke out of the box briefly on Friday and the two H4 candles that moved out of the range opened and closed in the box. We are still within the box and the big boys have not made up their made on the direction to go. We are still in an area of consolidation. If you look at the chart below when the price was on its way to 1.60000 it stayed within the current zone but for just about 4 days. We have spent about 7 days within the zone so far. It is very crucial area, a break out of the zone, will determine the next direction. For a break upward, the area to watch out for is 1.57030. For the downside, the support is at 1.54419. This is where to watch out for if you are trading GBPUSD. As usual use the reliable H4 and M15 to plan your trade.
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Concrete Zones - quantina forex news trader myfxbook

Concrete Zones ~ quantina forex news trader myfxbook

I posted the charts earlier. I re-post again it to show that the analysis is still valid until the range between 1.60000 to 1-53214 is broken either way

For now price will only move to the next level if the daily closed above the resistance line at around 1.58535 or move back to where it came and close below 1.57147.

It is always better to trade within established concrete zones. That way, you will be insulated from the noisy signals all around you.

That is how I trade. The daily shows me the trend, H4 gives the signal and I use M15 to enter my trades. If you trade this way you might miss some trades, but you will only take first class trades.
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GBPUSD 200 Pips Box - monexnews forex trading news

GBPUSD 200 Pips Box ~ monexnews forex trading news

I have earlier explained the benefit of daily box system. The strategy is simple, draw the box on the daily chart and go down to H4 for trend and M15 for entry. Using this system, you will be able to see price movement clearly.

I have earlier explained the benefit of daily box system. The strategy is simple, draw the box on the daily chart and go down to H4 for trend and M15 for entry. Using this system, you will be able to see price movement clearly.

We now have another 200 pips box. The RSI is a guide as to the upper and lower range of the price action within the box. Carefully observe how price behave no mather the time frame around 50 mark on RSI.





Cable has broken out of the 200 pips box and appears to be heading toward the next box. Price movement is simply a matter of habits. History keeps repeating itself over and over again.



Look at the candle between between 1.57147 and 1.58534 both on the way up and down. I single H4 candle. Also look at the candle on the way down from 1.60000 which closed on 1.56396 and the current candle which took which close outside the box.



If we break the resistance at 1.58535 our next destination is most likely the next zone between 1.58535 - 1.60000. If the resistance hold however, we have landing where the candle took of from i.e. 1.57000 - 1-55000




Happy trading!
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