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Thread: Technical analysis of FXCBS

  1. #1
    fxcbsar
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    Default Technical analysis of FXCBS

    Previous session overview

    The euro against the dollar rose during the period of Asian to achieve at the highest price 1.49040, the pair now trading at the level 1.47967, while we are waiting for the day the Sentix Investor confidence from the European economy.

    The pair Sterling against the U.S dollar achieves the highest price at 1.65153 during the Asian session, the pair now trading the price 1.63552.While the U.S dollar against the Japanese Yen was fall at the Asian session and achieves the lowest price at 89.696 , the pair trading now at the level 89.991.

    Market Expectations

    EUR/USD :
    The EURO against the U.S. dollar was down at the end of trading on Friday at the end of last week after a vulnerability in some of the statements issued by the United States economy and achieve the lowest price at 1.48182, we expected that the pair will continues his down side to achieve a new goal at 1.47350 then the pair will make a correction to the level 1.49250, the Stochastic index supports our expectations.

    GBP/USD :
    We expected sterling against the U.S. dollar pair will drop today to the aim 1.62930 after that we expected that the pair will make a correction movement to the level 61.8% Fibonacci at the price 1.64400.

    USD/JPY :
    The U.S dollar against Japanese Yen achieve raising at the end of the trading last week to the level 90.700 , we expected today that the pair will make correction to the level 61.8% Fibonacci at the price 89.120 but we expected before that happen the pair will Affected in some volatility.


  2. #2
    fxcbsar
    Guest

    Default Technical analysis 08/12/09 of FXCBS

    This is the analysis and technical daily and provided by specialists and analysts from the company FXCBS

    Previous session overview

    The euro against the dollar traded in a narrow range during the Asian session and achieves the lowest price at 1.47819 and the highest price at 1.48671, the pair now trading at the levels of 1.48194.

    Sterling fell against the dollar during the Asian session and achieves the lowest price at the level 1.63260, the pair now trading at the level 1.63696.

    The dollar fell against the yen during the Asian session after the issued of the economic data there; the pair achieves the lowest at the level 88.762 and the highest at the level 89.506, trading at this time between the level 89.250 and 88.980.

    Market Expectations

    EUR/USD :

    Today we expect that the pair Euro against the U.S dollar will drop down to the level 1.47350 then 1.46650 , this expectations need stability of trading below the broken support areas at the level 1.49040 and requires 1.49040 to remain intact and come in below it in the four hour closing.

    GBP/USD :


    We expect that the pair starling against U.S dollar will drop down to the level 1.62970 then to the level 1.62300 , all of that will happen after the pair finish its correction which was started last day and arrive to the level 1.64400.

    USD/JPY :

    We expect the dollar against the yen to rise today after he completed its corrective which was started yesterday and we expect that those rising will arrive to the level 91.250 and that requires Constant of trading over the level 88.550.

    Ali Hasan / Senior Analyst /FXCBS

  3. #3
    fxcbsar
    Guest

    Default Technical analysis 21/12/09 of FXCBS

    This is technical daily and provided by specialists and analysts from FXCBS


    Previous session overview

    Dollar continues to show more strength against major currencies and that is reflected by the increased demand for the dollar, movement of the EUR against the U.S. dollar was weak during the Asian session the highest price was at 1.43585 and the lowest at 1.42995, now the pair is trading around 1.43079 levels.

    The pound against the dollar also has weakened during the Asian session; the highest was at 1.61642 and the lowest at 1.61092, now the pair is trading around 1.61269 levels.

    The dollar against yen was also weak at the Asian session, and achieved the highest at 90.658 and the lowest price at 90.241, now the pair is trading around 90.561 levels.

    Market Expectations

    EUR/USD :
    We expect today that the pair Euro against U.S. dollar will attempt a correction to the level 1.44000, then fall to the level of 1.41000 and then to the main support point at 1.40250, the general trend this week is bearish , and this expectation require stability of trading below 1.45250.



    GBP/USD :
    Today we expect some fluctuation for the movement of the pair sterling against the U.S. dollar before continuing its decline to the level 1.6000 and then to the level 1.59450 this expectation requires stability of trading below the level 1.63250.



    USD/JPY :
    The dollar against the Japanese yen completed its correction to hit the resistance point of 91.250, stochastic indicator appears saturated in the procurement process which may lead the pair once again to touch 88.35 and that requires constant trading below 91.250.



    USD/CAD :
    Momentum indicators are negatively pressuring the pair to attempt to bearishly correction to try to gain enough bullish momentum to support the bullish short term direction expected for this week and targets mainly 1.0960 following 1.1135, while keeping in mind that the bullish direction will prevail if the daily close remains above 1.0485.




    Senior Analyst / Ali Hasan / FXCBS

  4. #4
    fxcbsar
    Guest

    Default Technical analysis 22/12/09 of FXCBS

    This is technical daily and provided by specialists and analysts from FXCBS

    Previous session overview

    The Dollar is trading around its highest levels in three months against Euro and other major currencies, EUR against the U.S. dollar was trade in a narrow range during the Asian session the highest price was at 1.43304 and the lowest at 1.42649, now the pair is trading around 1.43202 levels.

    The pound against the dollar has weakened during the Asian session; the highest was at 1.61001 and the lowest at 1.60298, now the pair is trading around 1.60865 levels.

    The dollar against yen was also weak at the Asian session, and achieved the highest at 91.482 and the lowest price at 90.999, now the pair is trading around 91.171 levels.


    Market Expectations

    EUR/USD :
    The pair Euro against the U.S. dollar faces strong support at the point 1.42600, which may lead the pair to make vibrating movement for some time around that level, and then back again to breakthrough the mentioned support to reach the target 1.41250.



    GBP/USD :
    Stochastic determination shows a downward trend for the pair of sterling against the U.S. dollar, which makes us expect a decline for a couple starts with breakthrough main support point at 1.60050 and moving toward the goals 1.5945 and then 1.5832 this expectation requires constant trading below 1.61350.



    USD/JPY :
    We expect today that the pair U.S. dollar against the Japanese Yen will make a corrective movement to the support point 90.700 and then return to complete its bullish trend to the point 92.80 , this expectation require stability of trading above 90.700.



    USD/CAD :
    We expect a bullish direction over an intraday basis supported by 76.4% Fibonacci correction. The primary targets expected are around 1.07600. It is important to pay attention that chances of achieving this bullish trend will prevail if we do not witness a clear breach for 1.05455.



    Senior Analyst / Ali Hasan / FXCBS

  5. #5
    fxcbsar
    Guest

    Default Technical analysis 23/12/09 of FXCBS

    This is technical daily and provided by specialists and analysts from FXCBS

    Previous session overview

    The major currencies have been trading in a narrow range against the dollar during the Asian session, EUR against the U.S. dollar was traded in a narrow range during the Asian session recording a high of 1.42749 and a low of 1.42354, now the pair is trading around 1.42519 levels.

    The pound against the U.S dollar was also trading in a narrow range during the Asian session; the highest was at 1.59777 and the lowest at 1.59375, now the pair is trading around 1.59427 levels.

    The dollar against yen was also traded in a narrow range at the Asian session, and achieved the highest at 91.864 and the lowest price at 91.544, now the pair is trading around 91.779 levels.


    Market Expectations

    EUR/USD :
    The pair Euro against the U.S. dollar continues its fluctuation around the resistance level at 1.42650, we expect today the pair will make small correction which should not cross the level of 1.4350. Then the pair continue the downward move towards the new targets at the levels of 1.41000 then to the level 1.40400.



    GBP/USD :
    We expect today that the pair Sterling against the U.S. dollar will decline again , after the pair achieved the goals that we have set yesterday at 1.59450, we expect today that this decline will take the pair to a new target at the level 1.58350, these expectations require stability of trading below 1.60050.



    USD/JPY :
    We expect today that the pair U.S. dollar against the Japanese Yen will make a correction to the support point 90.700 and then return to complete its bullish trend to the point 92.80 , these expectations require stability of trading above 90.700.



    USD/CAD :

    Positive signs that are coming from momentum indicators are making us hold onto our previous expectations, which points to a bullish direction over an intraday basis targeting mainly 1.07800 while being cautious from achieving a clear breach and stabilizing below 1.05450, will make the expected bullish scenario fail and reverse the direction to a bearish one.




    Senior Analyst / Ali Hasan / FXCBS

  6. #6
    Member Denoiser's Avatar
    Join Date
    Jan 2009
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    Hungary
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    Default My experience with Ea's on live account.

    Hi!

    Maybe it will be usefull to someone..

    So, finaly I opened my 2nd live account in end of the summer. I choosed Alpari Uk micro (1:500). I thought, learned something from my first margin called.. but not realy.

    I keep many rules, but not enough. Not all. I start with manual trading, tested many of the strategy in demo, and works fine. But one day.. it is give a signal, and some hour later repaint all of them.. the signal was bad, I lost around my acc 60%.. this system was OanFx Centre of Gravity strategy. Don't trust in it, it isn't real. Months later I maked an Ea based on this indicator signals, and the results.. in every timeframe can give a bad signals, and repaint it.. H4-D1 charts too..

    After this I stopped manual trading forever. Because every manual strategy can turn into Ea.. and you can backtest it, how it works in the past..

    Well, I became careful. I do many test with Ea's what I liked to use. If I was sure, then I started it.. see below my account biography.


    1.
    - Manual trading
    - DragonPips Ea on Eur/Usd
    - Without much success.

    2.
    - Megadroid Pro on several pair
    - Nightmare of Eur/Usd (private Ea)
    - Forex Shocker 1.1 on Eur/Gbp
    - rdb_thunder4wd_v2e on Eur/Gbp
    - The shocker and the thunder is day to day begin to be inaccurate. It is never a good sign.

    3.
    - Megadroid Pro on several pair
    - Nightmare of Eur/Usd (private Ea)
    - Nightmare of Eur/Gbp (private Ea) - Added.
    - Forex Shocker 1.1 on Eur/Gbp
    - rdb_thunder4wd_v2e on Eur/Gbp - Removed, it is lost a big around in November 10. I don't want more loss.

    4.
    - Megadroid Pro on several pair
    - Nightmare of Eur/Usd (private Ea)
    - Nightmare of Eur/Gbp (private Ea)
    - Victims of Eur/Gbp (private Ea) - Added.
    - Forex Shocker 1.1 on Eur/Gbp - Removed, it is make a huge loss too, around in november 24. Same reason.

    5.
    The beginning of December until today.
    - Megadroid Pro on several pair - Removed, every one. It is maked more then -100 pip from 2 position, a few days later going to continue, but I stopped it.
    - Nightmare of Eur/Usd (private Ea)
    - Nightmare of Eur/Gbp (private Ea)
    - Victims of Eur/Gbp (private Ea)

    The point is, the Expert Advisors are work, and everyone can earn money with them. I maked my 51.22$ account 4 times bigger within 2 month Only with some Ea. I know, impossible to do this again. Because the market changing all the time, and these strategies are obsolete. I never using again commercial Ea's. Because I don't trust in them, I trust in my works. But, maybe.. in short period can works fine. I don't care anymore.

    So, you must be very careful if want to use one. When Ea's signals begin to be inaccurate, don't give a second chance! Just stop it, or re-optimize it if possible. Trust me, my experience it is.


    My goal with this post: If someone doesn't like the Ea's, after this perhaps like to try some. If someone alredy using Ea's, maybe I had usefull tips. Or something like that.

    Note:
    - The average risk what I used all the time, is around 25-30%.
    - I can't trust my trades, because I installed many times new MT4, and I haven't got the investor's password..
    - My private Ea's not for sale! But more information about these: http://www.tradingsystemforex.com/co...ghtmare-3.html

    Regards,


    Denoiser
    Attached Images Attached Images Technical analysis of FXCBS-bg2-jpg 

  7. #7
    Member
    Join Date
    Jan 2009
    Location
    Austria
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    Default

    Additions to Denoisers note:

    Trading EA's is quite easy, if you:

    - 3k account is minimum, better 5k
    - diversification, dont trade 1 pair with 0.1, trade 10 pairs with 0.01
    - trade your preferred ea style, ema , rsi, stoch, kama and so on, which you know and understand
    - keep an eye on news
    - dont overtrade - its better to gain small pips every day, then big loosers
    - dont trade on crazy times like eastern, christmas,...
    - dont believe, that you can get rich with 200 bucks starting balance

    if you mind this rules every day, you cant wipe your account.

    my 2c

    IX

  8. #8
    Member Denoiser's Avatar
    Join Date
    Jan 2009
    Location
    Hungary
    Posts
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    Default

    I agree with you Ix. You right.

    More little win (or little loss) is everytime better then one big loss. And the risk sharing is a good thing too, more pair with low risk.

    But I don't think 200$ to rich is impossible, I know a few sucesfull story. Maybe they have just only big luck.
    Do not get me wrong, I don't try it. I stopped the agressiv growth.

    Unfortunately not everyone have 3 or 5k$ to open account. But it is right too. With more money, easier to earn many.

    Thanks for reply.

    Regards,


    Denoiser

  9. #9
    fxcbsar
    Guest

    Default Technical analysis 24/12/09 of FXCBS

    This is technical daily and provided by specialists and analysts from FXCBS

    Previous session overview

    Euro against the U.S. dollar was traded in a narrow range during the Asian session recording a high of 1.43712 and a low of 1.43232, now the pair is trading around 1.43519 levels.

    The Pound against the U.S dollar was also trading in a narrow range during the Asian session; the highest was at 1.60125 and the lowest at 1.59428, now the pair is trading around 1.59931 levels.

    The dollar against yen was also traded in a narrow range at the Asian session, and achieved the highest level of 91.739 and the lowest price at 91.130, now the pair is trading around 91.242 levels.


    Market Expectations


    EUR/USD :
    the Euro against the U.S. dollar still traded within a narrow range since the beginning of the trading session for this day around the resistance level at 1.43650 and strives to break through this level, if the pair can break through this level that may lead the price to the level 1.44750, but we still keep our expectations that all the rise for the pair is just a correction movement.




    GBP/USD :
    Sterling against the U.S. dollar based on the support level, we expect today that the pair will make a correction up to the level 1.60850 before continuing its landing, the general trend still down side until this moment.



    USD/JPY :
    The U.S. dollar against the Japanese yen continues to be attempts to complete the correction which is expected to the level 90.700 but the price hits the support level at 91.300, Now we expect that the pair will break through that level to complete the correction, before he can go up to the new goals at the level 92.500



    USD/CAD :
    Positive signs that appear through momentum indicators make us expect some upside movement that will retest breach support at 1.05450 and then resume the bearish trend towards the mentioned main targets. Thus, we expect a bearish direction for today to remain intact if we do not witness trades stabilizing above 1.05700.




    Senior Analyst / Ali Hasan / FXCBS

  10. #10
    fxcbsar
    Guest

    Default Technical analysis 28/12/09 of FXCBS

    This is technical daily and provided by specialists and analysts from FXCBS


    Previous session overview

    In general, as a result of the Christmas Holiday and thin liquidity the pairs were trading in a narrow range during the Asian session.

    The Euro against the US dollar within the Asian session has touched a high price of 1.43965 and low price at 1.43522.

    The Sterling against the US dollar during the Asian market touched high price of 1.59944 and a low of 1.95315.

    The US dollar against the JPY within the Asian session has touched a high at 91.770 and low at 91.406.


    Market Expectations


    EUR/USD :

    The Volume is poor on the pair EUR/USD due to the Christmas holiday. And the market has opened on an upward direction, so we expect the pair to go down again to the levels of 1.4265 and then 1.4200 if the pair breaks the 1.4350 support level.



    GBP/USD :
    The sterling against the U.S. dollar approached to a strong support level of 1.5925, but it rebounded rapidly. We expect the pair to go back again to test this point and we expect the pair to fall this time to 1.5845.



    USD/JPY :
    The Yen against the U.S. dollar is trading for several days within a narrow range between the support level of 91.32 and resistance level of 91.77, the expectations for the pair is to keep moving between these two prices with the possibility for the pair to decline to 90.70 in the process of completing the correction movement.



    Senior Analyst / Ali Hasan / FXCBS

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