ddukic Posted September 26, 2012 Report Share Posted September 26, 2012 GBP/USD - 26/09/2012 - 4h Chart Analysis http://fxlisting.net/images/gbpusd240-26092012.jpg GBP/USD 4 HOURS CHART COMMENTS: This parity started correcting as you can observe in my today (26/9/2012) relevant posting. The parity crossed, unequivocally, from above the 50SMA and continues its path downwards. The blue trend line u2 may play a supporting role that can eventually delay the fall. From its (u2) past course, this trend line is not expected to present a very strong supporting. If this appreciation is correct, the parity will continue its fall till the next strong supporting level, the 200SMA. SUGGESTIONS: Stay “short”. If you like, increase slightly your short exposure. Set as stop loss just above on one of the previous local highs. It is not the “season” for “long” positions. Quote Link to comment Share on other sites More sharing options...
ddukic Posted October 1, 2012 Author Report Share Posted October 1, 2012 GBP/USD Week 40 - Review and Analysis http://fxlisting.net/images/gbpusdW40.jpg GBP/USD COMMENTS: The Pound created a “double top” set up and stood there “hanging”. Many times, Monday morning in Europe is a quiet morning. The traders wait for their USA colleagues to animate the scenery. So, we will see what will happen after the opening of the USA trading. In the meantime, please observe the tandem horizontal evolution of the two SMAs signaling the parity of the average closing price for the last 50 weeks (almost one year) with the average closing price of the last 200 weeks (almost four years) . Inevitably, the tandem of these two SMAs constitutes a strong level. SUGGESTIONS: For as long as the parity remains above, the parity will move upwards. Don’t forget that there is a kind of triangle being formed since 2009 signaling an eventual consolidation at these levels, an issue that may force this parity to explode at a given time in the near future. As the swings become shorter and shorter the possibility of an “explosion” increases. So, I I would stay out of this pair until the parity decide to come to terms with the two SMAs. Anything before that must be handled in charts of lesser time frame and thus constitute positions that will last short times. Quote Link to comment Share on other sites More sharing options...
ddukic Posted November 7, 2012 Author Report Share Posted November 7, 2012 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. Quote Link to comment Share on other sites More sharing options...
ddukic Posted November 7, 2012 Author Report Share Posted November 7, 2012 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. Quote Link to comment Share on other sites More sharing options...
ddukic Posted November 7, 2012 Author Report Share Posted November 7, 2012 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 !! Quote Link to comment Share on other sites More sharing options...
ddukic Posted November 8, 2012 Author Report Share Posted November 8, 2012 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. Quote Link to comment Share on other sites More sharing options...
magictraderfx Posted November 8, 2012 Report Share Posted November 8, 2012 LOVE it keep them coming :) Quote Link to comment Share on other sites More sharing options...
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