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“The miserable trading conditions in USDJPY are probably explained by its long term Elliott wave position. That is, the rate has been mired in a corrective 4th wave all year. The good news is that wave 4 probably ends soon. Keep focused on the Elliott channel...
Wave Count
  • 180
Lonny Strike, 25 August 2014, 03:11 #breakout
“Don’t forget about the line that extends off of the 1996 and 2007 highs. That line crosses through the 2008, 2011, and highs as well. In 2011 (record free float high), the rate surged through the line in late July before topping on August 1st...
Weekly Trends
  • 219
Volya, 24 August 2014, 23:11 #nzdusd
“The combination of the .9400 figure and weekly RSI failing near 60 indicates a lot of overhead to punch through. Since the 2011 top, each RSI failure near 60 has led to a top or topping process (range for several weeks then a breakdown...that may be the case now...
Forecasts
  • 174
EmmeMe, 24 August 2014, 22:11 #resistance, support
Estimated pivot point is at the level of 1.0857. Our opinion: Buy the pair from correction above the level of 1.0857 with the target of 1.1060. Alternative scenario: Breakout and consolidation below the level of 1.0857 will make it possible for the price to continue the decline to the level of 1...
Weekly Trends
  • 250
Abdolreza Basirizadeh, 24 August 2014, 21:50 #Elliott Waves
“Of note is a weekly outside reversal and weekly RSI rolling over from above 70 this week. Prior instances of RSI rolling over (2004, 2006, and 2007) from above 70 indicated tops of at least several months.” GBPUSD has traded back to the year open (1.6565). 1.6565 to the March low (1...
Currency
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Ray Steve, 24 August 2014, 20:11
Estimated pivot point is at the level of 1.6640. Our opinion: Sell the pair from correction below the level of 1.6640 with the target of 1.64 – 1.63. Alternative scenario: Breakout and consolidation above the level of 1.6640 will make the price continue the rise to the levels of 1.67 – 1...
Weekly Trends
  • 246
Abdolreza Basirizadeh, 24 August 2014, 18:40 #Elliott Waves
“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” The break of 1.3476 completed a topping process with targets of 1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and shoulders target...
Trading Ideas
  • 190
Patti, 24 August 2014, 18:11 #breakout
Non stop parade of content into submission: • No bubble to burst: U.S. student debt is not housing (Vanguard) • Why Are You Outperforming? Why Are You Underperforming? (Meb Faber) • Norway’s gargantuan sovereign wealth fund, by the numbers (Quartz) • An Unfinished Chapter at Countrywide (NYT...
Trading Systems
  • 217
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Sergey Golubev, 24 August 2014, 17:06
Where to Draw the Fibonacci Retracement? Where exactly is that? For starters, we need to identify an extended move up or down on our chart. In other words, a swing low followed by a defined high or a swing high followed by a defined low...
Trading Systems
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BlondieNews, 24 August 2014, 16:11 #resistance, support
Leading financial firm Saxo Bank Group reported mixed performance in the first half of 2014 owing to low volatility in FX markets. However, the firm rolled out new products while clients’ deposits rose by DKK 9.7 billion to a new high of DKK 60.3 billion...
Currency
  • 340
Peter Gervas, 24 August 2014, 12:12
All eyes are on the Fed. When will it begin to raise interest rates? Some say next summer. Others think sooner, in the first quarter of next year. A few Fed governors insist that will be too late, that the Fed needs to act before year-end...
Weekly Trends
  • 306
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Lonny Strike, 24 August 2014, 10:11 #Interest Rate, S&P 500
High Probability Trading : Take The Steps To Become A Successful Trader Before he became a successful trader, Marcel Link spent years wading from one system to the next, using trial and error to figure out what worked, what didn't, and why...
Trading Ideas
  • 482
Volya, 24 August 2014, 07:11
Been posting quite a few sell setups so I thought I might switch over to a pair worth buying into. USDJPY has been consolidating since last year actually. The day over day movement has been dying down, but we're seeing a pick up...
Forecasts
  • 215
Zheng He, 24 August 2014, 05:25
The dollar dominated once again, with multi-month gains against major currencies. Is it time for a correction or will this trend continue? German Ifo Business Climate, US housing data, Durable Goods Orders and GDP are amongthe highlights of this week...
Forecasts
  • 166
EmmeMe, 24 August 2014, 03:11
In this article I will provide my view on the AUD/JPY, EUR/USD and AUD/CAD. These are the pairs that I am currently interested in or was interested in last week for trading with the Hybrid Grid strategy. - All trades are based on specific rules according to the FxTaTrader Hybrid Grid strategy...
Weekly Trends
  • 185
Forex Technical Analyst Trader, 24 August 2014, 01:46 #Ichimoku, forex
USDCNH is a great carry trading pair. Selling this pair will net both a positive swap figure as well as ride the down trend. The daily time frame shows the down trend beginning on May 28, 2014, but is expected to continue. With the strong economic growth in China, the yuan is appreciating...
Weekly Trends
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Zheng He, 24 August 2014, 00:28
Key points made in the video: 1. It took Gary about 6 years of diligent study before he became consistently profitable 2. Understanding the Wyckoff method -- interpreting supply and demand in the market based on price action and volume -- via a mentor was the key for him 3...
Market News
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Lonny Strike, 23 August 2014, 18:11
This weekend let's grab another portion of useful information for my fellow beginners! Gonna be extremely useful for you...
Trading Strategies
  • 283
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Alice F, 23 August 2014, 16:23 #Trading Strategies, stocks
Support and Resistance is one of the widely used concepts in Forex trading. Most traders plot horizontal lines to show support levels and resistance levels...
Trading Systems
  • 503
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BlondieNews, 23 August 2014, 14:11 #resistance, support
The Double-Top and Double-Bottom formation show multiple tests of support (or resistance) at a particular price level. Traders can look to trade subsequent tests of these price levels...
Trading Ideas
  • 388
Patti, 23 August 2014, 10:11