Here is how I am looking at EURUSD. Channels and support and resistance levels of interest. Evaluator.:nerd:

Symphonie Trader System

SAFT called this rally in EURUSD at 1.23417. So far +89 pips and counting. Looking for a top to emerge in the 1.24500 range. WOOHOO!!! Evaluator.:nerd:

SAFT System

Fed77, Glad to see you are successful. Congratulations. Evaluator.:nerd:

Symphonie Trader System

I just look at the top of the major downchannel which currently is at 1.24800 (and dropping each day) as the next possible level for a retracement or possible reversal. Evaluator.:nerd:

Symphonie Trader System

This is a tough markt today as the EURUSD closes in on the wedge pattern that has formed making for much whipsaw price action as the wedge draws closer and closer together until final conclusion. I have however, no doubt that SAFT will be on the ...

SAFT System

It appears that indecision is the name of the game for the EURUSD as it trades in a consolidation range before deciding a direktion t o take. The consolidation area is forming a nice wedge pattern that will be the countdown to the final move of the ...

Symphonie Trader System

If this is true, then I expect the EURUSD to gap down at markt open..... I think EURUSD downturn is to continue next week. Merkel Ally Says No More Concessions On Greek Bailout Terms Read more: url url

Symphonie Trader System

OK.... For all those with total confusion Here is the SAFT method uising MA lines instread of having to draw trendlines. I have created the template using ''only'' standard OBV, MA lines from the basic metatrader. They should provide you ...

SAFT System

1.23300 gives way and EURUSD drops 50 pips on the break.....I think this sets up next week as a resumption of the down direction of the EURUSD as the failure for the second time to break 1.24000....fails. However, I would not be surprised with one ...

Symphonie Trader System

lhDT, Very nice the way you setup the SAFT method. It is crisp and clean and easy to read signals. It works just like I use the method but no drawing trendlines () and it seems to be much improved and less cluttered. GREAT JOB!!! ...

SAFT System

Beware 1.23300 that is the bull line....the bears are sitting at 1.23270 ready to sell according to forexlive.

Symphonie Trader System

THat agrees with my analysis. (see screenshot) Evaluator.:nerd: UPDATE; Took a stoploss hit on that one. lost -16 pips. Stupid Friday Price Action.....

SAFT System

lhDT, Great post and Great contribution. TO add on to what lhDT said. I tracked this back to my charts and I would say that 85% of the time my drawn trendlines agree to the candlestick with the use of the MA line breaks. - ...

SAFT System

olivia, No idea. Either way it shows a bounce in EURUSD. Thank you for posting the chart. Evaluator.:nerd:

Symphonie Trader System

Interesting perspective Dr Xyber. Maybe it helps in knowing where to draw trendlines to look for break. (maybe) Good observation. Evaluator.:nerd:

SAFT System

Just FYI. 1.23300 appears to be the line in the sand for many hedge funds whether to buy or sell eurusd. url

Symphonie Trader System

That is where my screenshot came from. I started in 60 min and then backed out to 4 hour.

Symphonie Trader System

I was using 60 min but could not get the larger picture in focus so I moved to 4 hour to get the entire picture in focus. Evaluator.:nerd:

Symphonie Trader System

Martinius, Glad you are enjoy the thread. Welcome. Evaluator.:nerd:

SAFT System

The EURUSD suprises again. It appears that the EURUSD makes a false break out of and then quickly moves back inside the upchannel with extreme force today. This move of break then spike back inside the upchannel should cause concern as now the ...

Symphonie Trader System