ddukic

Oil 12/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/oilD-12112012.jpg

CRUDE OIL DAILY CHART

SUGGESTIONS:

Last week was a stabilizing trading period for the Oil’s price. As you can observe at the end of the last falling part of the graph there are several daily bars signaling this stabilization.

In my opinion, the price will low up to the U1 blue trend line before presenting any signals for the continuation. Don’t forget that 77.07usd constitutes a level confirmed several times in the recent past of few months.

My friends the “Bears” keep your short positions. You suffer the roll over cost but you are after a risk/reward ration that worth trying. My stop loss is above the tandem of the two SMAs. I know is expensive but is possible that the price tries it before moving again “south”. I am leaving to you the way to handle it.

“Bulls” wake up. There is a chance to open small long positions at the encounter of the U1 blue trend line. Stop loss immediately below.

EUR/USD 14/11/2012 - 4h and 60 min Chart Analysis

http://fxlisting.net/images/eurusd60-14112012.jpg

EUR/USD 60MIN CHART

SUGGESTIONS: Today, I have nothing to add. The SUPPORT green zone, for the time being, holds its position and function. The parity aims the 200SMA and continues moving between “d4-d3”.

EUR/USD 4 HOURS CHART

http://fxlisting.net/images/eurusd240-14112012.jpg

SUGGESTIONS: The “D1” trend line “seems” to hold and the parity aims the 50SMA on this 4 hours chart.

In case the “young” reversal follows the latest news from the front of the European Debt crisis, is early to “celebrate” the solution of the problem. Therefore, let us wait for the encounter between the parity and the 50SMA in this time frame chart and the encounter of the parity with the 200SMA at the 60min chart.

The trading strategies of the previous days are still valid since the supporting levels on both time frame charts were estimated with good precision.

EUR/USD 13/11/2012 - 4h and 60 min Chart Analysis

http://fxlisting.net/images/eurusd240-13112012.jpg

EUR/USD 4 HOURS CHART

SUGGESTIONS: The parity is supported right now by the D1 red trend line that originates from the 28th February 2012. There is a significantly light trading forcing the parity to “jump” more than under heavy trading volumes.

My friends, this chart is full of technical lines and Fibo scales making its reading difficult. The density of technical tools in this chart signals that is better to run “short time” trades. Leaving positions, either long, or, short, opened for long time, will surely encounter a technical element that may “burn” most of the unrealized profits.

Anyway, the main trend is downwards, so, short positions are suggestible. On the crossing of the D1 trend line from above, the parity is expected to encounter the “SUPPORT 1” zone. For here, either, a rebound of limited extensions is expected, or, a “delay” of the falling path.

On this SUPPORT 1 zone you may try some long positions with stop loss level just below the supporting cyan zone.

EUR/USD 60MIN CHART

http://fxlisting.net/images/eurusd60-13112012.jpg

SUGGESTIONS: The parity for the time being is little below the 1.2683usd level; it is not though finished with the green supporting zone. The “d4” trend line has been tested several times therefore I will remind you that it constitutes a “major” element of technical analysis in this chart and you can trust it.

If the d4 breaks, “nobody is perfect”, the parity will continue moving within the channel d5-d6 aiming lower targets of this falling path.

Therefore,

The short positions must be ready to reactivate their relative exposure. You must, though, firstly be sure about the crossing from above of the green supporting zone. Targets further down: 1.2575 – 1.2441 – 1.2244 – 1.2206 – 1.1981. All targets correspond to the various Fibo grades of the Fibo scale marked with red arrow; and thus constitute potential intermediate or reversing targets of the parity’s path. Stop loss the crossing from below of the 50SMA.

The “Bulls”. My beautiful optimistic friends, open some very timid long positions and be ready to close them as the parity eventually cross from above the d4 trade line and the green resistance zone. In case the green zone proves to be “too hard to die” and the parity rebounds, wait for the return of the parity, to reconfirm that green zone is “really alive”. If, in this second attempt, the green zone resists and the parity rebounds, my bullish friends increase you long exposures. The stop loss for you is set at the level of 1.2650usd.

EUR/USD 12/11/2012 - 4h and 60 min Chart Analysis

http://fxlisting.net/images/eurusd60-12112012.jpg

UR/USD 60MIN CHARTS

SUGGESTIONS:

The green colored “support” zone is reached by the parity and a “slight” reaction can be seen immediately after the “touching”.

As I have repeatedly stated: “below the pink horizontal line we remain on short positions. The stop loss strategy must be adjusted now. For as long as the parity stays close to the pink horizontal line, the stop loss or the level for very drastic reduction of your short exposure, r emains a level little above the pink horizontal line. As the parity will eventually increase the distance of its position from the pink horizontal line, you must switch to a “rolling stop loss” strategy. Never forget that no one becomes “rich” from trading only one trade.

I have also indicated the green zone as a support level.

So, the Bears reduce their short exposure and the Bulls open timid long positions with stop loss the breaking of the “d4” trend line and the 1.26837 minus a little, level. Above, the pink horizontal line, my friends the Bulls, will “attack”.

The Bears, will “attack” after the parity crosses from above the green support zone.

EUR/USD 4 HOURS CHART

http://fxlisting.net/images/eurusd240-12112012.jpg

SUGGESTIONS: The forecast about the “1-2 Waves” set up I mentioned two days ago, gains credibility as the parity falls.

At the closing of last evening trading session, the parity stopped its downwards path on the D1 red trend line, abandoning for some hours the d2 red trend line, a path followed by the parity for some time already.

If the parity crosses from above the D1 trend line and continues downwards not paying attention to the “SUPPORT 1” zone (colored light blue color), the “1-2 Waves” set up will be fully confirmed and the parity would be engaged in a 3rd grade Elliott Wave,. The parity will accelerate its fall, creating somewhere along the path a downward gap or gaps, depending from the violence of the fall. Expected targets of such fall are the levels of 1.2189 (2.618 Fibo grade) and 1.15 (4.25 Fibo grade that does not appear on this part of the relevant chart).

Vice-versa, if the parity pays attention on the “SUPPORT 1” level, the eventual strong fall may be postponed for latter. The 3rd grade Elliott Wave by stopping at the “SUPPORT 1” zone will satisfy the condition wanting the 3rd Wave to be longer than one of the 1st or 5th grades Waves, because this 3rd Wave (1.31-1.25) will be longer than the 1st Wave (1.31-1.28). Double the size in pips. In this case, the forecasted fall may be manifested adopting an extended 5th grade Wave after the exhaustion of the 4th grade Wave that may start from the “SUPPORT 1” zone and exhaust somewhere around th3 1.28usd level. The exhaustion of this “extended” 5th grade Elliott Wave may be at levels below the 1.15usd (4.25 Fibo grade of the Fibo scale marked with thick red arrow).

As you can easily suppose, from each of the levels that could play the role of resistance on the possible falling evolution of this parity’s path, you can start timid long positions till the next resistance zone. They are trades on long positions of small duration in time. If you choose to do it, you must be careful while selecting the entry points in order to have the max of risk/reward ratio. You, also, must set tight stop loss strategy in order to min losses and do not over try it, please. In general, there are no reliable foreseeable support levels for the very near future.

Besides, as you will observe from the weekly chart that I suggest you should visit, the parity its being distanced from the brown prong of the relative Andrew’s Pitchfork. There is not yet sufficient distance to consider it as “unequivocal” crossing from above, nevertheless, the sign are there, very evident.

Gold 14/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gold240-14112012.jpg

GOLD 4 HOURS CHART

SUGGESTIONS: The price was repeatedly resisted by the 200SMA for the last 4 trading sessions. We all understand that a fall is eminent. Otherwise, we need a “firework” to motivate the traders push the price above the 200SMA

http://fxlisting.net/images/gold240Z-14112012.jpg

SUGGESTIONS: The price is compressed by the 200 and 50 SMAs. The technical analysis set up that is created since the 5th of November 2012 is called “flag”, “pennant” or other similar names because it looks like. Please be alert. Please be informed about the mentioned set ups and their possible evolutions.

Gold 13/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gold240-13112012.jpg

GOLD 4 HOURS CHART

SUGGESTIONS: Looking at this 4 hours chart of Gold, after the facts, it looks very easy to have accurately traded the evolution of this price.

Look at the double effort of the price to cross from below the 200SMA. The efforts failed and the price, for the time being, reversed. Will it continue to move downward?

GOLD 4 HOURS CHART (ZOOMED)

http://fxlisting.net/images/gold240Z-13112012.jpg

SUGGESTIONS: The failed double effort actually constitutes a “1-2 Waves” set up. I have inserted a Fibo scale marked with a red arrow that estimates the extension of the eventual falling continuation.

As you can observe, the technical elements of the 4 hours chart normally posted on the site are still evident on this zoomed chart.

Now, let us experiment. If you don’t want to use money, use a paper-trade mode.

I would not open a short position now because “the train already travels”. I will wait the next “station” to get on board with a timid long position. If my stop loss is hit, I close the position. I will wait for some time to see the evolution of the price and then I will open a position to the direction of the trend. To the next resistance or support level I will reduce my exposure. I will set a stop loss and then wait. If the stop loss is hit the position will close. At this point, I return to the opening of a timid position. In case the price continues evolving as per the trend, I increase the exposure of my opened position and I keep it running till the next resisting or supporting level. Again reduction of the exposure i.e. “defense”.

Please try it. On the paper does not cost anything provided you do it seriously, as if a lot of money were involved.

Further down I am posting a zoomed chart on the specific failed double effort in order to experiment together the accuracy of a trading strategy.

Gold 12/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gold240-12112012.jpg

GOLD 4 HOURS CHART

SUGGESTIONS: The Gold’s price encountered the 200SMA and as expected, faithful to the manuals of technical analysis, bended its path.

I have added a ret trend line: “D1” between the 200SMA and the previous high level of 1.795,16usd on October 5th. If this D1 trend line “stands” during the next few days it will probably play a significant role for the development of the parity’s path. In conjunction to this D1 trend line, the parallel D2, creating a channel, the “D1-D2”, may also develop to the lower part of the zone within this parity may move in the near-medium term future.

As far as trading strategies is concerned please note:

Existing long positions reduce their long exposure and wait to see the developments. Set a “trailing stop loss” to protect some profits, or, close the long positions in case the price does fall further. Above the 200SMA you increase again your exposure.

The newly opened timid short positions set a stop loss above the 200SMA and wait. To increase the short exposure you should wait for the development of a set up indicating downwards in order to identify the target levels and evaluate the corresponding risk/reward ratios.

Gold 09/11/2012 - 4h Chart Analysis

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GOLD 4 HOURS CHART

SUGGESTIONS: I mentioned in previous comments that a “head and shoulders” set up was forming after the up move of the price on the announcement of Obamas re-election. “Whatever does not go down, goes up”, experienced traders sustain. So, the price moved up. At this right moment is under the 200SMA and pretty soon in the day we will observe its evolution. Don’t forget to consult the Fibo Retr scale marked with blue arrow. This Fibo scale measures the reaction’s extension against the fall from the level of 1.788,33 till the level of 1.673,32usd.

Whoever was on long running positions stays cool and waits the result of the “meeting” between the price and the 200SMA. Please note that such meeting may last several trading hours. Obviously, by now, you know what to do above the 200SMA or below it.

GBP/USD 08/11/2012 - 4h Chart Analysis

GBP/USD 08/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gbpusd240-08112012.jpg

GBP/USD 4 HOURS CHART

SUGGESTIONS: Here too, the up move of yesterday’s trading session was absorbed and we returned to the U3 trend line, waiting for “news”.

Obviously, the two SMAs are still above the parity and influence negatively its evolution.

So, the “bears” keep their short positions opened. Stop loss the crossing from below of the D1 trend line.

The “Bulls” must stay cool.

Gold 08/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gold240-08112012.jpg

GOLD 4 HOURS CHART

SUGGESTIONS: There is no much change similar to the one observed in some currency pairs. The Gold kept the level gained on the announcement of the winner of the American Elections. There was a shortly lived increase of volatility but the level was finally kept.

There is a kind of “triple top” set up at the level of 1.730,83usd, as well as a “head and shoulders” set up designed during the sessions of the last five days.

So, I imagine that my friends the “Bears” are already out of the party. In your place I would have stayed out of the party until the price gives signs of downwards move.

The ‘Bulls” stay cool with their long positions opened. At this point I suggest you a “trailing stop loss” strategy in order to secure some of the running profits you enjoy now. Otherwise, technically speaking the stop loss of the long positions is set below the 1.673,32usd.

GBP/USD 07/11/2012

http://fxlisting.net/images/gbpusd240-07112012.jpg

GBP/USD 4HOURS CHART

SUGGESTIONS: Mr. Barak Obama reversed this parity too. The Dollar gets weaker these first trading hours after the elections. We will wait to see during the forthcoming hours and days more concrete signs regarding the evolution of the various parities against the USDollar.

Stay long and increase your long exposure above the D1 red trend line.

In case the two SMAs being right in front of the parity’s path act as strong resistance levels, either, you drastically reduce your exposures, or, you close your positions.

This is exactly where the “Bears” enter the scene saying: “….RRRrrrrrrr !!” and open short positions. My friends, Bears, don’t forget the stop loss level a little higher than the D1 trend line.

Ok Guys, Bears and Bulls, go get them !!

GBP/USD 06/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gbpusd240-06112012.jpg

GBP/USD 4 HOURS CHART

SUGGESTIONS: I quote here again the comments of yesterday:

“GBP/USD 4 HOURS CHART

SUGGESTIONS: The “big” picture includes a “double top” set up at the level of 1,6308usd.

If u can observe a reversed “head and shoulders” set up, u can also consider its evolution which may result in a strong up move of this parity. The manuals explaining the “head and shoulders” set ups will be a robust source of information regarding this set up.

Another set up is the red D1-D2 channel, the tandem of the two SMAs and the support of the U3 acqua colored trend line.

The short running positions remain opened. At the level of 1,5911usd you must reduce your short exposure. Below this level u can increase your short exposure. Stop loss of the short positions the level above the tandem of the two SMAs and the level of 1,6178usd.

U can consider small long positions at the U3 trend line as well as at the 1,5911usd.

The blue SUPPORT zone acts like a “Make or Break” level coinciding with the U1 trend line that originates as of June 1st 2012. At this level u can open long positions with stop loss a level little below the said blue zone.”

There is only the early reaction at the U3 to note. The rest remains as the yesterday’s comments.

GBP/USD 05/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gbpusd240-05112012.jpg

SUGGESTIONS: The “big” picture includes a “double top” set up at the level of 1,6308usd.

If u can observe a reversed “head and shoulders” set up, u can also consider its evolution which may result in a strong up move of this parity. The manuals explaining the “head and shoulders” set ups will be a robust source of information regarding this set up.

Another set up is the red D1-D2 channel, the tandem of the two SMAs and the support of the U3 acqua colored trend line.

The short running positions remain opened. At the level of 1,5911usd you must reduce your short exposure. Below this level u can increase your short exposure. Stop loss of the short positions the level above the tandem of the two SMAs and the level of 1,6178usd.

U can consider small long positions at the U3 trend line as well as at the 1,5911usd.

The blue SUPPORT zone acts like a “Make or Break” level coinciding with the U1 trend line that originates as of June 1st 2012. At this level u can open long positions with stop loss a level little below the said blue zone.

Gold 7/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/gold240-07112012.jpg

GOLD 4 HOURS CHART

SUGGESTIONS: Ouaou !! What a “rebound”. My friend Barak won the elections and the Gold became more expensive.

So, I hope that my friends the “Bears” will be already in their caves enjoying the profits made.

The “Bulls” are already on the scene. They are confident and ready to earn their share of earnings. So, my friends please keep your long positions opened. The next level to watch and defend your self is the level of the 200SMA. Above the 200SMA you have the opportunity to “attack” by increasing your long exposure.

Gold 06/11/2012 - Chart Review and Analysis

Gold 06/11/2012 - Chart Review and Analysis

GOLD 4 HOURS CHART

http://fxlisting.net/images/gold240-06112012.jpg

SUGGESTIONS: It’s too early to comment on the “young” reversal we observe in the Gold’s chart. The previous comments made on the Gold’s evolution are still valid.

Gold 05/11/2012 - 4h Chart Analysis

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GOLD 4 HOURS

SUGGESTIONS: In my opinion, the price of Gold goes to the level of 1.626,87usd. Pre-condition the “breaking” of the U3 blue trend line that originates from May 2012. In addition, please note that the 4.25 Fibo grade that I was mumbling about all last week, is not totally dead yet. The present level price is within its influence and it is not impossible to observe from here a reversal.

Another interesting target is the U2 trend line, the parallel of the U1 trend line, i.e. the channel U1-U2.

The running short positions continue. Below the U3 trend line you should increase slightly your short exposure. If the 4.25 Fibo grade reacts, you should drastically decrease your short exposure.

The “Bulls” stay calm and enjoy Autumn.

Gold 02/11/2012 - 4h Chart Analysis

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GOLD 4 HOURS CHART

SUGGESTIONS: Same story as for the EUR/USD. We went a nice tour a little up and back down in order for the institutional traders to perform their daily duties. Now, what?

I wrote my opinion for the long term evolution of Gold’s price and I don’t want to return over it.

I am telling u, for all short positions, the stop loss is the 200SMA, 38usd higher. For the long positions, the question is where to open it because the respective stop loss is about 50usd below.

It is up to you my friends.

Oil 06/11/2012 - Chart Review and Analysis

http://fxlisting.net/images/oilD-06112012.jpg

CRUDE OIL DAILY CHART

SUGGESTIONS: No fast evolution observed since I posted an analysis on the Oil.

I added a red channel that may guide the evolution of the Oil’s price in the near future. Until then we expect to observe the “meeting” of the price with the U1 trend line. The “outcome” will signal the “what next”.

EUR/USD 07/11/2012 - 4h and 1h Chart

http://fxlisting.net/images/eurusd240-07112012.jpg

EUR/USD 4 HOURS

SUGGESTIONS: Further to the comments made for the 60min chart, we observe on the 4 hours chart the up candle of the last hours of trading. In this chart the “resistances” in front of the parity are evident. First of all “resistances”, the d1 red trend line, upper part of the channel “d1-d2” is the first the parity will encounter.

The trading strategy described in the 60min chart corresponds to the 4 hours chart too.

EUR/USD 60MIN

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SUGGESTIONS: The news announces Mr. Barak Obama as the next President of the United States and the EUR/USD parity, for the time being, reverses its falling course.

The “pink” horizontal trend line, signaling since many days the “triple bottom” set up, proved to be, for the time being, a strong supporting level.

Can you tell whether Mr. Obama’s re-election reversed the course of this parity, or, the “pink” horizontal line?

Anyway, the parity is approaching the resistance of the 200SMA.

The short positions must reduce to the bare minimum, if not closed, their short exposure and wait further developments before opening new short positions.

The long positions, new anyway, remain opened. The up correction under way will encounter in short the 200SMA where will reveal some of its consistency and nature.

Obviously, the opening in Europe and later the opening of the USA will give us further indications of the further evolution of the EUR/USD parity.

EUR/USD 06/11/2012 - 4h and 1h Chart Analysis

EUR/USD 06/11/2012 - 4h and 1h Chart Analysis

http://fxlisting.net/images/eurusd240-06112012.jpg

EUR/USD 4 HOURS CHART

SUGGESTIONS: We should not forget the two Fibo scales. The one marked by the blue arrow indicates the “grades” upward. The Fibo scale with the red arrow indicates the downward move.

Please note the previous “double top” set up at the level of Fibo grade 3.23. The same Fibo scale has “grades” of higher grade like, 4.25 – 5.78 – 6.85. In other words, I do not exclude unequivocally the possibility to observe a return to the up movement of this parity. In this case, the swings we are observing as of September 16th 2012 are only a “sideways” correction that will only give more strength to this parity. Will the result of the American Elections generate the required energy? We will see in the near future sessions.

Vice-versa, the Fibo scale marked with red arrow indicates the down move. As you can see the parity is just on the “verge of the cliff”. If we lose the “triple bottom” set up we will try the support levels indicating in the chart.

EUR/USD 60 MINS

http://fxlisting.net/images/eurusd60-06112012.jpg

SUGESTIONS: By now it is simple. Above the pink colored horizontal line you stay long. Below the same colored line you stay short.

Technically speaking, if the parity will not succeed to recover the “d4” trend line, the parity will follow the magenta colored channel “d5-d6”. Future intermediate targets, 1,2680 – 1,2571 – 1,2436 and below.

If the parity succeeds to recover the “d4” trend line, we may observe an up move. First upward target the 200SMA. For the time being, the parity is in the center of the “triple bottom” set up and we must be ALERTED for the evolution of the parity after the result of the American Elections.

EUR/USD 05/11/2012 - 4h and 1h Chart Analysis

http://fxlisting.net/images/eurusd60-05112012.jpg

EUR/USD 60 MIN

SUGGESTIONS: This is Sunday, November 4th, 2012 06.00hrs GMT.

The American Elections on November 7th, is a day that according to its electoral outcome will constitute a “new beginning” for the next four and/or eight years for the World Economy. We all know already that USA’s Economy shows the path for many other countries and their citizens.

I did not wait for the electoral outcome to write these comments. I am writing them before the people in USA vote. The reason is that I will try to prove that “news” like the well know “NFP” of USA, or, the “Housing Starts”, or, the “Beige Book” and so on, in the CFDs industry, are used as excuses to motivate “retail clients” to “bet”. I mean trade, on the possibility to guess the result of an expected economic report better or worse than expected. The time each new is expected there is a high volatility on the parities as if the result to be announced a little later will change the world economy. Sorry my tongue: B.S.

If the monthly “NFP” is as important economic issue, comparatively, how much more or less important or not important can be the outcome of the American Elections? What other “news” can motivate more traders, investors, entrepreneurs, speculators and so on?

Economically, most “scenarios-movies” are “orchestrated” and when the “news” break out, the “clients” buying or selling the “news” are simply “financing” the new “scenario-movie” to come on our computer screens some months or years later. In effect, the budgeted profits from the first “scenario-movie” are earned before the news break out. So, whatever money is traded after the breaking of the news is “cherry” on the top of the ice-cream.

Now, why, you, retail clients of the CFDs Brokers may be affected from all this “Machiavellic” scenarios, I still don’t understand.

So, the American Elections, in my opinion, will not affect the EUR/USD. “Will not affect” means will not alter the trend. Obviously the outcome of the Elections will generate some swings, exploitable by the experienced traders.

In the chart, as from magic, the magenta trend line d5 stopped the fall of the parity during the trading session of last Friday. You remember of the “false triple bottom” set up I was telling you about. Here we are. I can sustain that we are already in the area of its influence. The pink horizontal line is the “last front before downwards”.

So, the “Bears”, open a beer to celebrate. A “pink belt “ never stopped the “Bears”. Yes, my friends the “Bears”, you should take though some protection, so, reduce your short exposure. Technically speaking, the stop loss of the short positions is the level of the 50SMA after the announcement of the Elections’ result. The green “support” area is like a “Make or Break” zone. I don’t suggest trying new short positions before the “pink horizontal line”.

The “Bulls” you should be quiet. No “red colors”, no excitements. Even if you see the parity jumping upwards like a “Jack in box” stay calm and don’t run after it. The parity will be going up and down like a yo-yo for some time. You don’t want to be caught in the middle of this battle. The worst scenario is to be caught in the middle of the battle, trading with a CFD Broker who does not give you “margin” warnings, but connects your margin to your equity. In other words, for as long as u have equity your margin sustains your position. When u lost all your money, the position closes.

EUR/USD 4 HOURS CHART

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SUGGESTIONS: I wrote on the 60min chart’s comments about some issues that I wanted to communicate to you. In this 4 hours chart we go straight to biz.

The question to reply is: The “0-1-2 Waves” set up marked in the chart, is realistic and reliable?

In case the reply is YES, we are starting a difficult downwards 3rd Wave. Targets as low as 1,2189 and even further down.

In case the reply is NO, we are finishing an additional swing on the “pennant” (some people call it “flag” and other various names) designing a “triple bottom” set up. We will have to see in the near future whether the “triple bottom” will be “false” or will create an up move that may bring this parity till the 1,40usd level.

The critical level is the “triple bottom” level and a little further down. I am not expecting the traders to respect the said line as “gentlemen”. Obviously the traders will “play” with the level of 1,28usd before heading towards the already selected direction.

So, above 1,28 I suggest to stay long with all precautions on RED alert. Below the 1,28 I suggest to stay short alerted as well.

My friends, I wish you a happy week. !!

EUR/USD 05/10/2012 - 4h Chart Analysis

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EUR/USD 4 HOURS CHART

SUGGESTIONS: The most interesting chart of today on the EUR/USD pair is the 4 hours chart. Observe the parity "touching" the horizontal brown line. Please remember how many times I referred to it in the past postings. Another interesting observation is the very recent low at the 0.25 Fibo grade of the Fibo scale marked with a blue arrow. The parity is not like a slow moving automobile that you may brake on it and stops, more or less, with high precision from the point of arrest you chosen. The parity is like a "train" breaking at high speed. Inevitably it will continue for some distance after the breaking effect. So, long positions still running either new, or, opened from much lower levels continue their glorious way. A little more effort and we will enjoy, first, the "double top" set up, thereafter, a diagonally upwards move that will be aiming the 4.25 Fibo grade of the Fibo scale marked with red arrow. As the situation developed you place the stop loss a "little" below the very last local low, 1,2830usd. You may open new short positions in case the parity does not succeed to exceed the horizontal brown line. Set the stop loss of these new short positions at the level of the affordable cost. Technically, the correct stop loss for new short positions would have been the 1,3170 usd level, very expensive at this point.

Gold 04/10/2012 - 4h Chart Analysis

http://fxlisting.net/images/gold240-04102012.jpg

GOLD 4 HOURS CHART

SUGGESTIONS: You know?, when the price in a chart moves fairly fast is kind of easier to predict the next target/s or path. If the price is moving very fast, you better stay away, thus is still easy. When though the price starts “muffing” like a blue cheese because it does not move or barely moves the technical analysis despairs. Anyway, the above chart bears still unbroken technical elements. The channel U4a – U4b is still intact and may end up guiding the Gold’s price. At the same time, our friends, the institutional traders extremely disciplined and full of patient kneed with the needle a dense sous-plat assisted by the support of the 50SMA. So, what to do? The short positions are the cheapest at this point. Obviously everyone knows that. Obviously, our friends the traders will suddenly and briefly pull up the price in order to burn the stop loses before allowing the price to fall. This is the scenario after the “distribution” performed up here. The opposite scenario, where the “accumulation” performed up here will push the price up will require long positions that if opened here will cost a lot as stop loss since its level is set at the price of 1.744,10USD. Make up your mind. Wait to see a little more of this “movie” and then make your bet.

Oil 04/10/2012 - 4h Chart Analysis

http://fxlisting.net/images/oil240-04102012.jpg

OIL 4 HOURS CHART

SUGGESTIONS: Oh!! Finally. This is how significant support or resistance levels are “broken”, violently. The traders do not wait until doomsday for the conviction of many more other traders so in a “massive” number to “break” through. A team of brokers take the risk and anticipate all others. By saying traders I am not referring to the CFD Retail Traders but I am referring to the institutional traders of central banks, banks and large financial institutions. So, what is next? The friends with short position must apply a “trailing stop” strategy in order to protect the achieved but not yet realized profits and be ready at the next turning pivot to switch their positions from short to long. Any friend wanting to open long positions must wait. The red channel d1-d2 may develop to the “road map” the price will follow before reversing to a corrective move. Oil moves fast when traders make up their mind. The truth is that all financial instruments move fast under the same hypothesis. In my opinion, the reversing target will be at the 0.78 Fibo grade of the Fibo scale marked with red arrow. He,he,he !! Good luck guys

Oil 03/10/2012 - 4h Chart Review and Analysis

OIL 4 HOURS CHART

http://fxlisting.net/images/oil240-03102012.jpg

SUGGESTIONS: There is nothing to add here. The Comments of yesterday and Suggestions of yesterday apply again. There was no significant change justifying a major change of your strategies. Anyway, this is a ‘Long” environment.