NSC - Dead End for the Bears?This Company was mentioned in my options group
and it looked very interesting to me. So i got my
hands on it and found a nice potential trade.
The fast run down seems to have a end.
Frequency catched up bevor, then shifted and now
we find price at the WL (Warning Line), where the
shifted Frequency meets Action/Reaction.
Potential for a long with a nice stopp below 71
seems a fair bet for a PTG between 95/100.
P!
Medianlines
Gold - Potential to fall below 1100Trade what you see...Facts, nothing more.
In this Chart the facts are, Gold has had havy resistance athe the CL's and the U-MLH, now breaking the most important, Big-Boy CL's again to the South.
Steam is blown in the wind and many probably getting hurt...again...
Longterm i see Gold far below 1100, not just at the CL.
...but this is just my opinion, no facts, just reading in the Espresso ;-)
P!
GBPUSD short setupIdea is based on on a combination of median line analysis, basic support and resistance and the use of Bollinger bands. The targets and stop are mentioned on the chart. Trade at own risk please.
Haven't been publishing or trading that much guys, life can be quite a hitter sometimes, but I am back! and looking forward to interact with all of you. Cheers Hamza
GBPUSD: Where Do You Go? Median Line First Test TradingNotes:
(1): Bear Median Line
(2): Bull Median Line
(3): Decision zone.where I don't know price will test which Median Line.
Trade conditions:
*** Long: If price break the Red ML, price will test the transaction of Blue ML and 61.8% Fibo level.
*** Short: If price fail to break Red ML, price will go down up to Lower RL at 138% Fibo level.
Adjusted Median Line Touch with Fibonacci 0.618 ProjectionHello Ladies and Gentlemen,
Last day we had chaotic selling of USD which pretty much looked like the C leg of an ABC correction.
The drop in DXY ended yesterday also, with C leg being shy of 1.00 times A leg.
Now I have a short setup in NZDUSD (and even a better one in AUDUSD) and it's combined with Median Lines for synergy.
( Borrowed the word from Jim Kane's book on Median Lines which i also learned this technique. )
I tried to project the this correction from an old correction which is much bigger than this one both time-wise and price-wise.
Now, the incredible thing is how the median line has been touched to the pip and bounced.
I wish you guys a profitable week.
Don't Trade My Ideas Please.
Take Care.
$GBPJPY Bulls Setup I got Bullish Fibs and bullish MedianLine on $GBPJPY, EW? Well I think there is a simple 5 waves correction. The pair tested 176 support area. It is good enough reason for GBPJPY to go North. Medium Resistant will be 180 area. But I am expecting for near 190 area.
I don't find any good sign for GBPUSD to go for bullish, but Likely USDJPY will continue the Bulls Trend. if USDJPY Break the 116 support, then I think I will see more Bearish Gain in #GBPJPY.
$AUDUSD at May 2010 Low Key Line$AUDUSD is sitting on the 0.8047 Support which is the Low of May 2010. Where will it be going ? Will this support hold ?Can we say this is the bottom ? Let watch this line more closely.
$SPY testing downterm channel$SPY made an upthrust to 212 before it turn down. and it made a spring on 198.85 support where previous daily swing low was 198.00. Volume is also declining, if SPY show a weak bar, it may break the support for more deeper move. I am watching 190 area support before testing 182 support. There is bulls potential, but I need more reason for going bullish, since the 208-212 resistant area looks threatening.
$GBPAUD for bullish Reversal$GBPAUD Daily chart is forming a nice pattern. A Spring potential on 1.8375 support and Fib Cluster Ratio. Those formation are my reason to switch my APF from Standard to Modified Schiff. My Intraday Resistant Target will be 1.8800 area, but for long term I like to see 1.9200 area resistant.
AUDUSD Trending DownClearly the strongest trend in fx majors now. The AUD is getting overbought, so another leg down is likely to develop. Is the 0.8 level going to be hit? Well, I don't know, but 0.805 is possible, if bearish momentum grows.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.