Abuawad - Forex Currencies Technical Analysis: January 2011

Monday, January 31, 2011

Friday, January 14, 2011

EURUSD 13-01-2011 Trading [Example]

We have the non trading area limits [in Yellow on the chart] which is clear in the analysis table as the following:

up limit: 1.3152

down limit: 13112

and in the chart i draw vertical lines for the day start and end, and for me the starting of the day begin with London opening [in Red on the chart]

Let's see what happen:

1- the Candle closed above the upper limit of the non trading area which give the confirmation for the first long position that it will be activated.

2- price hit the entry point for the first buy order after the confirmation. and i place my order at that stage.

3- price hit the first buy target. and i close the position and that stage. and waiting for other confirmation.

Note: the confirmation i'm waiting here for the 2nd long entry, the confirmation of the upper trend already happen at point 1.

4- price hit the entry point and the candle close about the entry point, i wait till the price back to the entry point or closed to it -+5 pips. which happen.

5- price hit the 2nd buy order target, close the position.

total of that chart is 61 pips in 1st buy order, 132 pips in the 2nd buy order. total 193 pips.

14-01-2011

Quick Updates: the T3 in EURUSD is 1.2070 not 1.3070

There are too many people asking about this table, which i stop posting it before.. but i'll posting it again starting from today...

and question please check the two links above: How i Trade, My Analysis Method..

if you didn't find your answer there, contact me on my email: abuawad@gmai.com

07-01-2011

06-01-2011 Results

Thanks a lot for the person who send me comments about the wrong in the result, what was happen that i update the orders values for 7-1-2011, before i fixed the results.. and you can check today Rec in this blog and you can check the time even...

sorry for any misunderstanding