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fxprocessor replied Sep 28, 2012Hey BB I got spooked out of my cable short with a reasonable profit as EU was holding its ground as cable dropped. Wasn't willing to give back open gains. EURGBP now seeing some strong upside... I'm done for the week as freaky friday (afternoon) is ...
Cable Update (GBPUSD)
- fxprocessor replied Sep 28, 2012
The 78.6 Fib level now marks the high of the day. Great bearish outside bar (30 min) followed for a nice move lower - squeezing weak shorts.
Cable Update (GBPUSD)
- fxprocessor replied Sep 28, 2012
Cable found initial resistance at the 78.6 Fib level after breaking through R1 and trapping longs.
Cable Update (GBPUSD)
- fxprocessor replied Sep 27, 2012
IMHO watch for the daily close today to help filter the noise. A bullish engulfing daily candle, with a strong close, could potentially mark a near term bottom. A weak close could be a bull trap.
EURUSD
- Submitted Sep 26, 2012|From forex-fx-4x.com
BOJ (Bank Of Japan) Sato advised the CB is ready to expand monetary stimulus measures again. This has seen the USDJPY currency pair trade above the highlighted trend line resistance level around 77.70. The breakout has seen little in the way of ...
- Submitted Sep 24, 2012|From forex-fx-4x.com|6 comments
The EURUSD inside day has triggered lower during there Asian trading session; price is currently moving away from the key 1.3000 round number area. 1.3000 is significant technical level with major support seen here during early 2012. The initial ...
- Submitted Sep 20, 2012|From forex-fx-4x.com
This post will expand on our inside day tutorial with a look at the false breakout strategy. An inside day candle is a setup which has the current candle engulfed within the prior days range. This patterns the opposite of an engulfing candle. Anyone ...
- fxprocessor replied Sep 19, 2012
Nice trade Mike:-) The bullish outside candle reversal from 1.3000 was a great long too. Small bar but great PPZ/round number rejection.
james16 Chart Thread
- 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.
Daily Pin Bar On The AUD/USD AUD Hesitates At Resistance
- Submitted Sep 17, 2012|From forex-fx-4x.com|10 comments
The AUDUSD currency pair has given a daily timeframe Pin Bar, at the previous swing-high level, after rallying to a high around 1.0624 last week. The AUD has has gained on broad-based risk sentiment (US Federal Reserves new stimulus plans) but is ...
- fxprocessor replied Sep 6, 2012
EURJPY range lows held. Breakout to the upside looks like an interesting setup but significant event risk over the rest of this week means whipsaw price action could follow.
USDJPY-EURJPY-GBPJPY + all JPY pairs
- Submitted Sep 4, 2012|From forex-fx-4x.com
The EUR/USD price action has been range bound today with EU bulls keeping the major currency pair above the low from Monday (1.2550) and bears capping price under the 1.2600 handle. The EURUSD currency pair has retreated from the 1.2636 area range ...
- fxprocessor replied Sep 3, 2012
We got the price action and move away from $1530
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied Sep 3, 2012
EURJPY range — Looking for a break of this range before considering any xxx/jpy trade setups.
USDJPY-EURJPY-GBPJPY + all JPY pairs
- Submitted Sep 1, 2012|From forex-fx-4x.com|1 comment
The US dollar index is now trading at a confluence of trend line and price structure support after the latest leg down for the greenback versus its currency major counterparts. The index has dropped 0.47% over the past week. USDX closed the New York ...
- Submitted Jul 31, 2012|From forex-fx-4x.com|11 comments
This post will run over the AUD/USD price action from today (31/7/2012) with a particular focus on a high probability trade setup that presented itself. We have published numerous analysis posts on the merits of confluence when trading the forex ...
- Submitted Jul 29, 2012|From forex-fx-4x.com
Market Sentiment Overview. Price has given a weekly timeframe bullish outside candle around the mid-2012 swing low. This is the first weekly gain following three previous bearish candles. The later end of this past week had the US dollar paring ...