Hello.
I haven't write anything here for a couple of months, and I'm afraid there won't be any new posts from now on. We decided, that from now on, it is better to concentrate on our trading.
Hello everybody!
So, first of all about the trend, we have a down trend. Right now we are in the correction of the last wave down 1.9814-1.9686. Take a look at the picture and everything will be clearer.
I will be searching the end of the correction and then enter a sell position. If the price wouldn't manage to break the minim I will change my tactic, I will buy if I will see the end of that wave.
Hello everybody!
So as you could have seen, yesterday we have good down movement, but now we have a flat. It's a good starting point. Do you remember about real and false break? Take a look at the post
http://fxanthony.blogspot.com/2007/10/gbpusd-how-to-recognise-real-break.html
Now let's return to today's situation. Let's take a look at the picture.
So if it would break the minim we will have the continuation of the down movement with the next supports marked on the picture. And if it would break the maxim we will go into correction with the resistances marked on the picture.
Best Regards,
Tacomy=============================================
Trading tips, daily trading plan, daily review - check out our main page
=============================================
Hello everybody!
There are two days that we have the ascending session trend. Take a look at the picture.
So our tactic today is to buy after the end of correction. The resistances are 2.0057; 2.0147; 2.0284. If we will see the reverse of the trend(the red scenario) we will change our tactic. We will sell after the end of correction. The supports are 1.9833; 1.9782; 1.9750
Hello everybody!
I will be short today, as the moving already beghin. The intraday trend is up. Take a look at the picture to see the resistance levels.
Best Regards,
Tacomy=============================================
Trading tips, daily trading plan, daily review - check out our main page
=============================================
Hello everybody!
I'm sorry I wasn't able to publish here the last month. But beginning with today I will publish regularly;)
So let's take a look at the GBPUSD H1 chart.
We have a down trend in spite of breaking the trend line, do you remember about the real break? This one is not a real break yet.
So until the 1.9769 level would not be broken we will find a good point for selling. This good point is looking like this. Take a look at the picture
Later if I will see this situation happening or if I will see the cancellation of this scenario I will publish a new review.Hello everybody!
Let's start the new trading week together. Let's start with a look at the picture.
On the H1 time frame we have a descending trend, but on the M30 we can see the consolidation. So we have two variants of movement. If 1.9879 level will be broken the consolidation will continue with the resistances 1.9938; 2.0116; 2.0249.
And if the 1.9736 level will be broken we will have the continuation of the down trend with the further supports 1.9641; 1.9515; 1.9373.
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