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Thread: Point and Figure Charting in Forex

  1. #31

    Default

    Trade Idea: AUD/CAD - Sell Limit at 0.8790; Target: 0.8560 ; Stop: 0.8840.
    ================================================== ========
    The AUD/CAD has been trading close to a bearish trend-line since the beginning of 2010 and boosted
    this trend in May once again. But it fell to a multi month low yesterday at 0.8668. Now it seems
    that the currency pair may try to build a basement around this level. The CCI recovered near its -
    100 level and the RSI indicator may suggest an oversold market adding signs that the bulls could
    try to cross the stronger bearish trend-line.

    "P&F AUDCAD1440 Box Size 100X4 or(4.52%) HI/LO
    Data 1.055 - 0.7164 ~ 92 Month ~ 2795 Day
    Database 2000 records 0.87781 (Last Close)
    2002-10-09 00~00
    2010-06-04 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    1.0500|~1OO||______+______________________________ _________________________________|0.47%|46.57%
    1.0400|~2OO||______x_o____________________________ _________________________________|1.42%|45.17%
    1.0300|~3OO||______x_o_+__________________________ _________________________________|2.37%|43.77%
    1.0200|~4OO||______x_o_x_+________________________ _________________________________|3.32%|42.38%
    1.0100|~5OO||______x_o_x_o_+______________________ _________________________________|4.27%|40.98%
    1.0000|~6OO||______x_o_x_o___+____________________ _________________________+_______|5.21%|39.59%
    0.9900|~7OO||______x_o_x_o_____+___________+______ _________________________x_+_____|6.16%|38.19%
    0.9800|~8OO||______x_o_x_o_x___x_+_________x_+____ _________________________x_o_+___|7.11%|36.8%
    0.9700|~9OO||______x_o_x_o_x_o_x_o_+_______x_o_+__ _________________________x_o___+_|8.06%|35.4%
    0.9600|~1OOO|______x_o___o_x_o_x_o___+_____x_o___+ _________________________x_o_x___|9%|34%
    0.9500|~11OO|______x_____o_x_o_x_o_x___+___x_o____ _+_______________________x_o_x_o_|9.95%|32.61%
    0.9400|~12OO|______x_____o_x_o___o_x_o___+_x_o____ ___+_____________________x_o_x_o_|10.9%|31.21%
    0.9300|~13OO|__x___x_____o_x_____o_x_o_____x_o____ _____+_______________x___x_o_x_o_|11.85%|29.82%
    0.9200|~14OO|__x_o_x_____o_x_____o_x_o_x___x_o____ _______+_____________x_o_x_o___o_|12.8%|28.42%
    0.9100|~15OO|__x_o_x___+_o_x_____o_x_o_x_o_x_o____ _________+___________x_o_x_____o_|13.74%|27.02%
    0.9000|~16OO|__x_o_x_+___o_x_____o_x_o_x_o_x_o____ ___________+_________x_o_x_____o_|14.69%|25.63%
    0.8900|~17OO|__x_o_x_____o_______o_x_o_x_o_x_o____ _____________+_______x_o_x_____o_|15.64%|24.23%
    0.8800|~18OO|o_x_o_______________o_x_o___o_x_o_x__ _______________+_____x_o_______o_|16.59%|22.84%
    0.8700|~19OO|o_x_________________o_x_____o_x_o_x_o _________________+___x_________o_|17.54%|21.44%
    0.8600|~2OOO|+___________________o_x_____o_x_o_x_o _________________x_+_x___________|18.48%|20.04%
    0.8500|~21OO|____________________o_x_____o_x_o_x_o _________________x_o_x___________|19.43%|18.65%
    0.8400|~22OO|____________________o_x_____o_x_o___o _________x_______x_o_x___________|20.38%|17.25%
    0.8300|~23OO|____________________o_x_____o_______o _________x_o_x___x_o_x_________+_|21.33%|15.86%
    0.8200|~24OO|____________________o_______________o _____x___x_o_x_o_x_o_x_______+___|22.27%|14.46%
    0.8100|~25OO|____________________________________o _____x_o_x_o_x_o_x_o_x_____+_____|23.22%|13.07%
    0.8000|~26OO|____________________________________o _x___x_o_x_o_x_o_x_o_x___+_______|24.17%|11.67%
    0.7900|~27OO|____________________________________o _x_o_x_o_x_o_x_o___o_x_+_________|25.12%|10.27%
    0.7800|~28OO|____________________________________o _x_o_x_o___o_x_____o_+___________|26.07%|8.88%
    0.7700|~29OO|____________________________________o _x_o_x_____o_______+_____________|27.01%|7.48%
    0.7600|~3OOO|____________________________________o _x_o_____+_______________________|27.96%|6.09%
    0.7500|~31OO|____________________________________o _x_____+_________________________|28.91%|4.69%
    0.7400|~32OO|____________________________________o _x___+___________________________|29.86%|3.29%
    0.7300|~33OO|____________________________________o _x_+_____________________________|30.81%|1.9%
    0.7200|~34OO|____________________________________o _+_______________________________|31.75%|0.5%
    0.7100|~35OO|____________________________________+ _________________________________|32.7%|-0.89%
    Column|||||||2_7_5_1_9_6_1_9_4_4_1_1_7_4_9_1_1_4_1 _8_4_6_4_6_7_6_4_7_8_1_5_1_7_4_9_|
    Count||||||||______6_____3_______6_3_______5_4___6 _____________________5___1_______|




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  2. #32

    Default

    Trade Idea: EUR/CAD - Buy Stop at 1.2540; Target: 1.2660 ; Stop: 1.2360.
    (At first)
    Trade Idea: EUR/CAD - Sell Limit at 1.2660; Target: 1.236 ; Stop: 1.2780.
    (Then)
    After trading above the middle line of the pitchfork channel over the past trading days, the
    EUR/CAD has decided to break the middle level of the fork. As you can see, the pair is still
    trading inside the bearish trend channel from the end of May. This might be a signal for
    further falls inside the downward trend channel.

    "P&F EURCAD1440 Box Size 150X4 or(4.01%) HI/LO
    Data 1.7499 - 1.2449 ~ 50 Month ~ 1528 Day
    Database 1085 records 1.24864 (Last Close)
    2006-04-04 00~00
    2010-06-10 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"



    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  3. #33

    Default

    Intraday bias in GBP/USD is turned neutral as it retreats sharply from intraday high of 1.4885. Note that
    recovery from 1.4230 is expected to be limited by 100% projection of 1.4230 to 1.4769 from 1.4346 at
    1.4885. Break of 1.4644 minor support will suggest that such recovery is completed and flip intraday bias
    back to the downside. Further break of 1.4346 will confirm this case and target a retest of 1.4230 low
    next. However, decisive break of 1.4885 will target 1.5053 resistance next.

    "P&F GBPUSD10080 Box Size 450X3 or(7.71%) HI/LO
    Data 2.454 - 1.0463 ~ 389 Month ~ 11851 Day
    Database 1694 records 1.48097 (Last Close)
    1978-01-01 00~00
    2010-06-13 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    2.4750|~45O||______________+______________________ _____________________________________|-0.86%|136.55%
    2.4300|~9OO||______________x_o____________________ _____________________________________|0.98%|132.25 %
    2.3850|~135O|______________x_o_+__________________ _____________________________________|2.81%|127.95 %
    2.3400|~18OO|______________x_o___+________________ _____________________________________|4.65%|123.65 %
    2.2950|~225O|______x___x___x_o_____+______________ _____________________________________|6.48%|119.34 %
    2.2500|~27OO|______x_o_x_o_x_o_______+____________ _____________________________________|8.31%|115.04 %
    2.2050|~315O|______x_o_x_o_x_o_________+__________ _____________________________________|10.15%|110.7 4%
    2.1600|~36OO|______x_o_x_o___o___________+________ _________________________+___________|11.98%|106.4 4%
    2.1150|~4O5O|______x_o_x___+_o_____________+______ _________________________x_+_________|13.81%|102.1 4%
    2.0700|~45OO|__x___x_o___+___o_______________+____ _________________________x_o_+_______|15.65%|97.84 %
    2.0250|~495O|__x_o_x___+_____o_________________+__ _+_______________________x_o___+_____|17.48%|93.54 %
    1.9800|~54OO|__x_o_x_+_______o_____________x_____+ _x_+_____________________x_o_____+___|19.32%|89.24 %
    1.9350|~585O|o_x_o_+_________o_x___________x_o____ _x_o_+_______________x___x_o_______+_|21.15%|84.94 %
    1.8900|~63OO|o_x_+___________o_x_o_x_______x_o____ _x_o___+_________x___x_o_x_o_________|22.98%|80.64 %
    1.8450|~675O|o_+_____________o_x_o_x_o_x___x_o_x__ _x_o_____+_______x_o_x_o_x_o_________|24.82%|76.34 %
    1.8000|~72OO|+_______________o___o_x_o_x_o_x_o_x_o _x_o_______+_____x_o_x_o_x_o_________|26.65%|72.03 %
    1.7550|~765O|____________________o_x_o_x_o_x_o_x_o _x_o_________+___x_o___o_x_o_________|28.48%|67.73 %
    1.7100|~81OO|____________________o_x_o_x_o_x_o_x_o ___o_____x___x_+_x_____o___o_________|30.32%|63.43 %
    1.6650|~855O|____________________o_x_o___o_x_o_x__ ___o_x___x_o_x_o_x_________o_x___x___|32.15%|59.13 %
    1.6200|~9OOO|____________________o_x_____o_x_o____ ___o_x_o_x_o_x_o_x_________o_x_o_x_o_|33.99%|54.83 %
    1.5750|~945O|____________________o_x_____o_x______ ___o_x_o_x_o___o_x_______+_o_x_o_x_o_|35.82%|50.53 %
    1.5300|~99OO|____________________o_x_____o________ ___o_x_o_______o_x_____+___o___o_x_o_|37.65%|46.23 %
    1.4850|~1O35|____________________o_x______________ ___o_x_________o_x___+_________o_x_o_|39.49%|41.93 %
    1.4400|~1O8O|____________________o_x______________ _+_o___________o_x_+___________o_x_o_|41.32%|37.63 %
    1.3950|~1125|____________________o_x_____________+ _______________o_+_____________o_+___|43.15%|33.33 %
    1.3500|~117O|____________________o_x___________+__ _______________+_______________+_____|44.99%|29.03 %
    1.3050|~1215|____________________o_x_________+____ _____________________________________|46.82%|24.73 %
    1.2600|~126O|____________________o_x_______+______ _____________________________________|48.66%|20.42 %
    1.2150|~13O5|____________________o_x_____+________ _____________________________________|50.49%|16.12 %
    1.1700|~135O|____________________o_x___+__________ _____________________________________|52.32%|11.82 %
    1.1250|~1395|____________________o_x_+____________ _____________________________________|54.16%|7.52%
    1.0800|~144O|____________________o_+______________ _____________________________________|55.99%|3.22%
    1.0350|~1485|____________________+________________ _____________________________________|57.82%|-1.08%
    Column|||||||3_5_3_8_5_5_3_6_1_3_1_1_5_4_7_1_8_5_3 _6_1_5_3_4_3_3_7_1_3_4_5_9_1_3_6_6_5_|
    Count||||||||________________5___9_8_______O______ ___2_____________1_________3_________|



    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  4. #34

    Default

    How you can see, the AUD/CHF has been moving along two horizontal levels around 0.9855 and 0.9575. After touching the resistance level at June 14th, the pair pulled down and reached the support line around 0.9575. While the RSI indicator has reached the level at 30, we might expect a pull-back towards the resistance level around 0.9855.

    "P&F AUDCHF10080 Box Size 1750X5 or(9.13%) HI/LO
    Data 1.2232 - 0.6929 ~ 236 Month ~ 7182 Day
    Database 1027 records 0.97252 (Last Close)
    1990-10-21 00~00
    2010-06-20 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"


    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  5. #35

    Default

    This pair fell to new lows this week. Prices eventually found temporary support from the trend-line for the rally up from the November ’09 lows and the lower channel line of the 4th of June descent. There are some bullish signs including momentum diverging bullishly and the Elliot wave count is showing a possible start of a small 4th wave although more upside is required to confirm. If this is the case the market may rise slowly over the next week to 90.50, which is also the lower border of the Ichimoku cloud.
    A break lower, however, could lead to 87.00, the point and figure target down and also the old support lows from the ‘08/’09 bottom. They may also pause on the way down at a support at 88.17.

    "P&F USDJPY10080 Box Size60X3 or(10.05%) HI/LO
    Data 278.31 - 79.75 ~ 389 Month ~ 11858 Day
    Database 1695 records 89.223 (Last Close)
    1978-01-01 00~00
    2010-06-20 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    282.00|~6OO||____________+________________________ ___|-1.33%|253.61%
    276.00|~12OO|____________x_+______________________ ___|0.83%|246.08%
    270.00|~18OO|____________x_o_+____________________ ___|2.99%|238.56%
    264.00|~24OO|____________x_o___+__________________ ___|5.14%|231.03%
    258.00|~3OOO|____x_______x_o_____x________________ ___|7.3%|223.51%
    252.00|~36OO|____x_o_____x_o_____x_o______________ ___|9.45%|215.99%
    246.00|~42OO|____x_o_x___x_o_x___x_o_+____________ ___|11.61%|208.46%
    240.00|~48OO|____x_o_x_o_x_o_x_o_x_o___+__________ ___|13.77%|200.94%
    234.00|~54OO|__o_x_o_x_o_x_o_x_o_x_o_____+________ ___|15.92%|193.42%
    228.00|~6OOO|__o_x_o_x_o_x_o___o_+_o_______+______ ___|18.08%|185.89%
    222.00|~66OO|__o_x_o_x_o_x_____+___o_________+____ ___|20.23%|178.37%
    216.00|~72OO|__o_x_o_x_o_____+_____o___________+__ ___|22.39%|170.85%
    210.00|~78OO|__o_x_o_x_____+_______o_____________+ ___|24.54%|163.32%
    204.00|~84OO|__o_x_o_____+_________o______________ _+_|26.7%|155.8%
    198.00|~9OOO|__o_x_____+___________o______________ ___|28.86%|148.28%
    192.00|~96OO|__o_x___+_____________o______________ ___|31.01%|140.75%
    186.0|~1O2OO|__o_x_+_______________o______________ ___|33.17%|133.23%
    180.0|~1O8OO|__o_+_________________o______________ ___|35.32%|125.71%
    174.0|~114OO|__+___________________o______________ ___|37.48%|118.18%
    168.0|~12OOO|______________________o______________ ___|39.64%|110.66%
    162.0|~126OO|______________________o______________ ___|41.79%|103.13%
    156.0|~132OO|______________________o_x____________ ___|43.95%|95.61%
    150.0|~138OO|______________________o_x_o__________ ___|46.1%|88.09%
    144.0|~144OO|______________________o_x_o_x________ ___|48.26%|80.56%
    138.0|~15OOO|______________________o_x_o_x_o______ ___|50.42%|73.04%
    132.0|~156OO|______________________o_x_o_x_o_x____ ___|52.57%|65.52%
    126.0|~162OO|______________________o___o_x_o_x_o__ ___|54.73%|57.99%
    120.0|~168OO|__________________________o_x_o_x_o_x ___|56.88%|50.47%
    114.0|~174OO|__________________________o_x_o_x_o_x _o_|59.04%|42.95%
    108.0|~18OOO|__________________________o_x_o_x_o_x _o_|61.19%|35.42%
    102.0|~186OO|__________________________o_x_o___o__ _o_|63.35%|27.9%
    96.00|~192OO|__________________________o_x___+____ _o_|65.51%|20.38%
    90.00|~198OO|__________________________o_x_+______ _o_|67.66%|12.85%
    84.00|~2O4OO|__________________________o_+________ _+_|69.82%|5.33%
    78.00|~21OOO|__________________________+__________ ___|71.97%|-2.19%
    Column|||||||O_1_1_9_7_5_1_8_3_3_5_2_5_1_1_7_5_5_3 _5_|
    Count||||||||__O_3_______O_________2___2_O________ ___|




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  6. #36

    Default

    The New Zealand Dollar pared the decline from June following a shift in market sentiment, and the high-yielding currency may continue to trend higher over the following week as investors raise their appetite for risk.

    "P&F NZDUSD10080 Box Size 150X3 or(7.43%) HI/LO
    Data 0.8214 - 0.39 ~ 246 Month ~ 7483 Day
    Database 1070 records 0.71037 (Last Close)
    1990-01-07 00~00
    2010-07-04 00~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    0.8250|~15O||_____________________________________ _+_________________________|-0.44%|111.54%
    0.8100|~3OO||__________________________________x__ _x_+_______________________|1.39%|107.69%
    0.7950|~45O||__________________________________x_o _x_o_+_____________________|3.21%|103.85%
    0.7800|~6OO||__________________________________x_o _x_o___+___________________|5.04%|100%
    0.7650|~75O||__________________________________x_o _x_o_____+___________+_____|6.87%|96.15%
    0.7500|~9OO||__________________________________x_o _x_o_______+_________x_+___|8.69%|92.31%
    0.7350|~1O5O|__________________________x_______x_o _x_o_________+_______x_o_+_|10.52%|88.46%
    0.7200|~12OO|______+___________________x_o_____x_o _x_o___________+_____x_o___|12.34%|84.62%
    0.7050|~135O|______x_+_____________x___x_o_____x_o _x_o_____________+___x_o_x_|14.17%|80.77%
    0.6900|~15OO|______x_o_+___________x_o_x_o_____x_o _x_o_x_____________+_x_o_x_|16%|76.92%
    0.6750|~165O|______x_o___+_________x_o_x_o_____x_o ___o_x_o_____________x_o_x_|17.82%|73.08%
    0.6600|~18OO|______x_o_____+_______x_o_x_o_____x__ ___o_x_o_____________x_o___|19.65%|69.23%
    0.6450|~195O|______x_o_______+_____x_o_x_o_x___x__ ___o___o_____________x_____|21.48%|65.38%
    0.6300|~21OO|__x___x_o_________+___x_o_x_o_x_o_x__ _______o_x___________x_____|23.3%|61.54%
    0.6150|~225O|__x_o_x_o___________+_x_o_x_o_x_o_x__ _______o_x_o_________x_____|25.13%|57.69%
    0.6000|~24OO|o_x_o_x_o_____________x_o___o___o____ _______o_x_o_x___x___x_____|26.95%|53.85%
    0.5850|~255O|o_x_o_x_o_____________x______________ _____+_o___o_x_o_x_o_x_____|28.78%|50%
    0.5700|~27OO|o___o_x_o_____________x______________ ___+_______o_x_o_x_o_x_____|30.61%|46.15%
    0.5550|~285O|____o_x_o_x___________x______________ _+_________o_x_o_x_o_x_____|32.43%|42.31%
    0.5400|~3OOO|____o_x_o_x_o_________x_____________+ ___________o___o_x_o_x_____|34.26%|38.46%
    0.5250|~315O|____o_x_o_x_o_________x___________+__ _______________o___o_x___+_|36.08%|34.62%
    0.5100|~33OO|____o___o_x_o_________x_________+____ ___________________o_x_+___|37.91%|30.77%
    0.4950|~345O|________o_x_o_____x___x_______+______ ___________________o_+_____|39.74%|26.92%
    0.4800|~36OO|________o___o_____x_o_x_____+________ ___________________+_______|41.56%|23.08%
    0.4650|~375O|____________o_____x_o_x___+__________ ___________________________|43.39%|19.23%
    0.4500|~39OO|____________o_x___x_o___+____________ ___________________________|45.22%|15.38%
    0.4350|~4O5O|____________o_x_o_x___+______________ ___________________________|47.04%|11.54%
    0.4200|~42OO|____________o_x_o_x_+________________ ___________________________|48.87%|7.69%
    0.4050|~435O|____________o___o_+__________________ ___________________________|50.69%|3.85%
    0.3900|~45OO|________________+____________________ ___________________________|52.52%|0%
    Column|||||||3_4_8_1_1_5_1_3_3_6_3_1_7_9_9_3_3_1_9 _9_1_3_7_3_6_4_5_5_7_1_6_3_|
    Count||||||||______3_5___O_________7___________4__ ___1_________________7_____|




    BJF Trading Group. Excel Chart. Full size.
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  7. #37

    Default

    The EUR penetrated resistance at 1.2500 and the descending trend line. It is too early to call this a reversal, but the primary down trend is weakening. Expect retracement to test the new support level at 1.2500. Failure of the rising trend line would warn of a primary down swing with a target of parity - confirmed if support at 1.1900 is broken. Respect of support would suggest a reversal, but confirmation would only come from a higher trough followed by a new high.

    "P&F EURUSD240 Box Size 100X3 or(2.22%) HI/LO
    Data 1.5144 - 1.1876 ~ 8 Month ~ 247.17 Day
    Database 1050 records 1.29296 (Last Close)
    2009-11-11 16~00
    2010-07-16 20~00 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    1.5100|~1OO||____x_+___________________|0.29%|27.1 5%
    1.5000|~2OO||x_o_x_o_+_________________|0.95%|26.3 1%
    1.4900|~3OO||x_o_x_o___+_______________|1.61%|25.4 6%
    1.4800|~4OO||______o_____+_____________|2.27%|24.6 2%
    1.4700|~5OO||______o_______+___________|2.93%|23.7 8%
    1.4600|~6OO||______o_________+_________|3.59%|22.9 4%
    1.4500|~7OO||______o___________+_______|4.25%|22.0 9%
    1.4400|~8OO||______o_____________+_____|4.91%|21.2 5%
    1.4300|~9OO||______o_______________+___|5.57%|20.4 1%
    1.4200|~1OOO|______o_________________+_|6.23%|19.5 7%
    1.4100|~11OO|______o___________________|6.89%|18.7 3%
    1.4000|~12OO|______o___________________|7.55%|17.8 8%
    1.3900|~13OO|______o___________________|8.21%|17.0 4%
    1.3800|~14OO|______o_x_________________|8.87%|16.2 %
    1.3700|~15OO|______o_x_o_______________|9.54%|15.3 6%
    1.3600|~16OO|______o_x_o_x_____________|10.2%|14.5 2%
    1.3500|~17OO|______o___o_x_o___________|10.86%|13. 67%
    1.3400|~18OO|__________o_x_o___________|11.52%|12. 83%
    1.3300|~19OO|__________o___o___________|12.18%|11. 99%
    1.3200|~2OOO|______________o___________|12.84%|11. 15%
    1.3100|~21OO|______________o___________|13.5%|10.3 1%
    1.3000|~22OO|______________o_x_______x_|14.16%|9.4 6%
    1.2900|~23OO|______________o_x_o_____x_|14.82%|8.6 2%
    1.2800|~24OO|______________o_x_o_____x_|15.48%|7.7 8%
    1.2700|~25OO|______________o_x_o_____x_|16.14%|6.9 4%
    1.2600|~26OO|______________o___o_x___x_|16.8%|6.1%
    1.2500|~27OO|__________________o_x_o_x_|17.46%|5.2 5%
    1.2400|~28OO|__________________o_x_o_x_|18.12%|4.4 1%
    1.2300|~29OO|__________________o_x_o_x_|18.78%|3.5 7%
    1.2200|~3OOO|__________________o___o_x_|19.44%|2.7 3%
    1.2100|~31OO|______________________o_x_|20.1%|1.89 %
    1.2000|~32OO|______________________o_x_|20.76%|1.0 4%
    1.1900|~33OO|______________________o_+_|21.42%|0.2 %
    1.1800|~34OO|______________________+___|22.08%|-0.64%
    Column|||||||2_2_3_1_3_5_3_1_4_8_4_7_1_|
    Count||||||||______6_______O_________1_|



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  8. #38
    Junior Member
    Join Date
    Jul 2010
    Posts
    2

    Default

    Great job, difficult if don´t know english well

  9. #39

    Default

    The USDCHF attempted to push lower yesterday, bottomed at 1.0452 but closed higher at 1.0524. On h1 chart below we can see price is moving inside a new minor bullish channel indicating upside correction phase but the major bearish scenario remains intact as long as price move inside the major bearish channel. Immediate resistance at 1.0630. Consistent move above that area and violation to the major bearish channel could be a serious threat to the bearish scenario testing 1.0750. On the downside we need a break below 1.0399 to continue the bearish scenario testing 1.0220.The text is written by ActionForex.But I think that will break down.

    "P&F USDCHF1 Box Size 3X3 or(0.09%) CLOSE
    Data 1.0542 - 1.0454 ~ 0 Month ~ 0.73 Day
    Database 1050 records 1.05332 (Last Close)
    2010-07-20 14~07
    2010-07-21 07~39 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"


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  10. #40

    Default

    NzdCad formed a triple top.
    Trade Idea: NZD / CAD - Sell at 0.7480; Target: 0.7080; Stop: 0.7560.
    In the case of failures.
    Trade Idea: NZD / CAD - Sell at 0.7600; Target: 0.7080; Stop: 0.7680.

    "P&F NZDCAD15 Box Size 10X3 or(0.4%) HI/LO
    Data 0.7603 - 0.7416 ~ 0 Month ~ 15.01 Day
    Database 1050 records 0.74688 (Last Close)
    2010-07-15 22~30
    2010-07-30 22~45 (GMT+01:00) Paris
    BJF Trading Group MDunleavy chart"

    0.7600|~1O|||__________________X+____________|0.04 %|2.48%
    0.7590|~2O|||__________________Xo+___________|0.17 %|2.35%
    0.7580|~3O|||__________________Xo_+__________|0.3% |2.21%
    0.7570|~4O|||________________X_XoX_+_________|0.43 %|2.08%
    0.7560|~5O|||_o____________X_XoXoXoX+________|0.57 %|1.94%
    0.7550|~6O|||_o____________XoXoXoXoXo+_______|0.7% |1.81%
    0.7540|~7O|||_o__________X_XoXoXo_oXo_+______|0.83 %|1.67%
    0.7530|~8O|||_o__________XoXoXo__+oXo__+_____|0.96 %|1.54%
    0.7520|~9O|||_o+_________XoXo___+_oXo___+____|1.09 %|1.4%
    0.7510|~1OO||_oX+________Xo____+__oXoX_X_+___|1.22 %|1.27%
    0.7500|~11O||_oXo+___X___X____+___o_oXoXo_+__|1.35 %|1.13%
    0.7490|~12O||_oXo_+__Xo__X___+______oXoXoX_X_|1.49 %|1%
    0.7480|~13O||_oXoX_+_XoX_X__+_______o_o_oXoXo|1.62 %|0.86%
    0.7470|~14O||_oXoXo_+XoXoX_+____________oXoXo|1.75 %|0.73%
    0.7460|~15O||_o_oXoX_XoXoX+_____________oXoXo|1.88 %|0.59%
    0.7450|~16O||___oXoXoXoXo+______________o_oXo|2.01 %|0.46%
    0.7440|~17O||___oXoXoXoX+_________________o+_|2.14 %|0.32%
    0.7430|~18O||___o_oXo_o+__________________+__|2.28 %|0.19%
    0.7420|~19O||_____o___+______________________|2.41 %|0.05%
    0.7410|~2OO||________________________________|2.54 %|-0.08%
    Column|~21O||O1585643775393545476376833364554|
    Count|~22O|||_1______________________________|



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