Recent content by DannyBly

Friday, November 7th; http://www.meetup.com/Chicago-Traders/events/214069802/

A hammer bullish reversal pattern formed on yesterday's USD/JPY chart. Resistance overhead around 94.373. This reversal is taking place within the context of a strong uptrend on the daily and weekly charts. Keep in mind some important fundamental factors are in play. A two-day Bank of Japan...

Looking at the daily chart a bearish shooting star pattern formed on Friday: Zooming out we can see some major trendlines that could form support: Also worth noting that MACD crossed the zero line from positive to negative...

Gold back at 6-month highs after Bank of Japan stimulus - Looking at the daily chart we can see that Spot Gold (XAU/USD) is trading right at resistance of the major downtrend line and also that MACD is close to the zero line. Chart courtesy of Oanda

While USD/JPY managed to cross the important psychological level of 80, it is also right up against the resistance of the 50% retracement level of the April to October swing high/low. Chart Courtesy of Oanda

An Inside Bar is a bar which is completely within the range of the preceding bar, indicating a period of indecision or consolidation. If an Inside Bar is found at the end of a prolonged downtrend and is located near a level of support, it can signal a possible reversal in trend. The Japanese...

Looking at the EUR/USD chart we can identify the recent bearish 'Death Cross' and the key nearby support levels of 1.3141 (the recent low) and below that the 61.8 Fibonacci retracement of the swing high to low at 1.3047. Chart courtesy of Worden

We're having our June meetup this coming Tuesday the 14th at Ceres in the CBOT, for further details see: http://www.chicagotradersgroup.com/events/20383981/

This month we're meeting at the Elephant and Castle on Adams, details here: http://www.chicagotradersgroup.com/events/16768942/

Hello all, Started a meetup group for Chicago Traders earlier this year. We meet about once a month, usually downtown. We also have seminars and presentations periodically - last week the folks from Wave59 were in town to make a presentation to the group. You can see our meetup site here...

Earik Bean made an interesting presentation in Chicago last week to our meetup group which you can view here: http://www.youtube.com/traderslog#p/u/2/Jxd0o7sbjBU the video covers some of the technical indicators used in Wave59, mechanical trading systems and Hive Technology.

Meetup group for Chicago traders and trading industry professionals. Network, share strategies and socialize... Next meetup is on July 14th at Rivers, located on the lobby level of The Chicago Mercantile Exchange Building (30 S Wacker Drive Chicago 60606). More info here...

Pressure building up in the USD/CHF horizontal channel between the near support of 1.1710 and the multiple top resistance level of 1.1804. Recent upmove is also contained within the larger upward sloping channel displayed in the chart. Momentum still in bullish territory as reflected by RSI -...

Looking at USD/CAD, we can see a major bullish SMA crossover on the daily (50 SMA crossing 200 SMA). Price is trading within a major symmetrical triangle, and the minor symmetrical triangle within it provides near resistance to the upside. Momentum reflected in RSI remains on the gate, modestly...

Looking at the daily NZD/USD we can see pressure building along the lower trend line of the symmetrical triangle -beneath we have support at the double bottom in the 0.7369 area - adding to the bear case we are trading below the 200 period SMA and selling momentum is strong as reflected in RSI.