Best forex charts out there today

This is a discussion on Best forex charts out there today within the Forex forums, part of the Markets category; best chart of the week? USDCAD What do you think? Can you see a better trade? Mike...

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Old Jan 14, 2012, 3:38pm   #25
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread best chart of the week? USDCAD

What do you think?

Can you see a better trade?

Mike

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Old Jan 14, 2012, 4:33pm   #26
 
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Re: Best forex charts out there today

I personally like the GBP/USD as it's at a major support level that's developed since August 2010 and has made a very large head and shoulders pattern. If that breaks down the measured move gives a long term target of 1.365

However, the three year trendline is just below and should provide additional support, so this could also be the turning point that breaks the last 6 months down trend. So personally I'm going to watch the price action and see how it reacts at these levels as they are quite significant imo.
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gbpusd_weekly_13_1_12.png   gbpusd_daily_13_1_12.png   sharpchartv05-12.png  

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Old Jan 14, 2012, 4:33pm   #27
 
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Re: Best forex charts out there today

Mike you cad chart looks right to me,needs to break above 1.0330.

Your call on the cad was very vague. I trust next week the calls will be posted at time of entry with entry price and stops etc. I believe you have my email as I received notification about your upcoming course,if not please let me know.Thanks
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Old Jan 14, 2012, 4:41pm   #28
 
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Re: Best forex charts out there today

My chart may be good for early next week
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Old Jan 14, 2012, 5:26pm   #29
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread
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Originally Posted by Lord Flasheart View Post
My chart may be good for early next week
92.46 is huge support on the cadchf, Friday's bar suggest it may have more upside but if it breaks Fridya's laow, it could drop for you then.

Weekly chart looks good for a short

Mike
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Old Jan 15, 2012, 6:58pm   #30
 
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Re: Best forex charts out there today

TradeTheEasyWay started this thread
Quote:
Originally Posted by Lord Flasheart View Post
Mike you cad chart looks right to me,needs to break above 1.0330.

Your call on the cad was very vague. I trust next week the calls will be posted at time of entry with entry price and stops etc. I believe you have my email as I received notification about your upcoming course,if not please let me know.Thanks
Hi, ok so you seem to be on my mailing list, not sure what your email is then as i only know you as LF.

The trade I showed on Friday was an intra-day trade, I'm only posting swing trades here that I'm taking (these are not recommendations).

The usdcad chart is for an entry / stop / target assuming traders are not already in it. The set up is a break of the 50 ema and entry is retest.


Disclaimer: I do not know what I'm talking about, you will lose money if you follow my trades.


Mike
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Old Jan 15, 2012, 7:30pm   #31
 
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Re: Best forex charts out there today

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Originally Posted by isatrader View Post
I personally like the GBP/USD as it's at a major support level that's developed since August 2010 and has made a very large head and shoulders pattern. If that breaks down the measured move gives a long term target of 1.365

However, the three year trendline is just below and should provide additional support, so this could also be the turning point that breaks the last 6 months down trend. So personally I'm going to watch the price action and see how it reacts at these levels as they are quite significant imo.
I like your charts Dave. I think that close on the weekly has signalled we are ready to test 151 - a fib level. Daily held ok though, may mean we need to wait till US is ready after the long weekend (MLK day) before we drop.

Will look for intra-day short set ups for sure.
Mike
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Old Jan 15, 2012, 8:12pm   #32
 
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Re: Best forex charts out there today

I will follow the cad as we have similar opinions,Looking forward to the intraday morning stuff.Good luck
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