Journal to make a Million. Forex Analysis, Price Action and Elliot Wave. GBPUSD, GOLD, EURUSD
Tuesday, March 29, 2011
update tanpanama uchf 29 mac
enter than signal out from the number. I close trade with -ve pips
signal out number than I enter counter trade. buy uchf
now ride the trend until hits TP
pips : +57, +33, -51
total pips : +39
Tuesday, March 8, 2011
usdcad strong support update 9 march
USD/CAD
The support for the Canadian dollar has been stronger for now, and the pair dived in the last two week by nearly 300 points without any correction.
On the technical level I can identify great potential for the beginning of a technical correction, this after the pair has failed to breach the major support level of 0.9710 after a prolonged struggle.
A new upwards movement can be expected to raise the pair back to the downwards trend line around 0.9830. Furthermore, a breach of the trend line will form a major indication of continued northbound movement towards the meaningful resistance level of 1.0109 Canadian dollars for one United States dollar.
Performed by Gerardo Porras Palomino, Analytical expert
InstaForex Companies Group © 2007-2011
[ price now : 9711 - if break 9680 should see bull weaker/neutral - target 1.0109]
Monday, March 7, 2011
eurusd teknik daily range setup 8 mac 2011
buy stop 4069 tp 4144 sl 3931
sell stop 3921 tp 3847 sl 4059
price now 3974
using data calculation file excell 25 move
eurusd watch 8 mac 2011
EUR/USD rises further to as high as 1.4035 so far today, just inch below 61.8% projection of 1.2873 to 1.3860 from 1.3427 at 1.4037. Intraday bias remains on the upside for further rally. Break of 1.4037 will extend the whole rise from 1.2873 towards 1.4281 key resistance next. On the downside, below 1.3940 minor support will turn bias neutral and bring retreat. Nevertheless, near term outlook will remain bullish as long as 1.3427 support holds.
In the bigger picture, as long as 1.3427 support holds, we'd favor the case that rise from 1.2873 is extending rebound from 1.1875. Also, that would mean that we're favoring the case that medium term correction 1.6039 was completed with three waves down to 1.1875 and the long term up trend might be resuming. Break of 1.4281 resistance will further affirm this case and target 1.5143 resistance and then 1.6039 high.
[ price now 3975 : up if 4035 : down/neutral if 3940 ]
usdcad trade 8 mac 2011
buy ucad as hammer as it on graph H4, but for clear direction, wait it break 23.6 fib
buy 0.9730 fib 23.6 : 9770