30.08.10 - Gbp/Jpy
Monday, August 30, 2010
Tuesday, August 24, 2010
Monday, August 23, 2010
Friday, August 20, 2010
20.08.2010 - GBP/USD (PATERN CHARTS)This charts show 3 possibility patern.
-For A Rounding Bottom , swing traders can sell if price bumps up midway through the rounding turn. Buy back in once price retraces back to near the price at which the bump started. Price usually re-enters the rounding turn higher than the launch price.
-For Cup and Handle , upward leading to the pattern. Price should rise by at least 30% leading to the cup for confirmation of the patern. Buy when price closes above the right cup rim.
-For Move Measure Down , patterns with U-shaped on corrective trend. But i'm prefer this could be a Flat flag trend. If the flag appears above (upward breakouts) or below (downward breakouts) a flat base then expect the move to be a large one.
20.08.2010 - EUR/USD (PATERN CHARTS)This charts show 2 possibility patern.
-For Adam & Eve double bottom, wait for confirmation price to close above the peak between the valleys for UP target.
-For Ascending Triangle can be any direction leading to the chart pattern and the breakout price is the point at which price pierces the trendline.
Wednesday, August 11, 2010
Monday, August 9, 2010
i closed half of A/U long at 0.92 from 0.91 , my long from 0.87 final TP is 0.93 region , booked U/cad TP at 1.013 for +120pips. U/J still hold short til 84.5 regions. e/cad still hold long from 1.33 final tp 1.44-1.46 ( TP as on my chart ). E/U booked 1.33 as i mentioned, buy on dip again then TP at 1.35 regions. G/U still hold small long at 1.58 and TP 1.61 regions. A/J long closed on trailing.
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