Author Topic: Technical Analysis in Forex Trading (Read 50000 times)

Admiral_Markets_Ph · « **Reply #195 on:** Jan 24, 2012, 11:47 AM »

EUR / USD Technical View

The pair is in a corrective mode, trading by 1.2900.
However, the short-term risks are still on the upside, so we look for further gains towards
the 50-Day SMA by 1.3100. Breaking and consolidating above the 50-Day SMA would confirm
a shift in a medium-term structure and accelerate gains towards the 100-Day SMA by 1.3400.

However, while the pair trades below the 50-Day SMA, the medium-term risks are still on the
downside, so we look for a bearish reversal and a new attempt to reach the 1.2590 support,
with a break and consolidation below to confirm long-term declines towards the 1.1875 low.

BFXGeneralConsultant · « **Reply #196 on:** Jan 24, 2012, 11:55 AM »

Quote from: Admiral_Markets_Ph on Jan 24, 2012, 11:47 AM

EUR / USD Technical View

The pair is in a corrective mode, trading by 1.2900.
However, the short-term risks are still on the upside, so we look for further gains towards
the 50-Day SMA by 1.3100. Breaking and consolidating above the 50-Day SMA would confirm
a shift in a medium-term structure and accelerate gains towards the 100-Day SMA by 1.3400.

However, while the pair trades below the 50-Day SMA, the medium-term risks are still on the
downside, so we look for a bearish reversal and a new attempt to reach the 1.2590 support,
with a break and consolidation below to confirm long-term declines towards the 1.1875 low.

That's GOOD technical analysis..

Respectfully yours,
BFXGeneralConsultant

Admiral_Markets_Ph · « **Reply #197 on:** Jan 24, 2012, 12:33 PM »

Thank you for your kind words...BFXGeneralConsultant

Since the title is " Technical Analysis " we might as well post
subjects relevant to the title as well as updated analysis so
fellow traders can compare tech views, helping them to come
up with his/her own intelligent trade plan, trade better and
more profitable.

jmiyake · « **Reply #198 on:** Jan 24, 2012, 01:03 PM »

Quote from: Admiral_Markets_Ph on Jan 24, 2012, 12:33 PM

Thank you for your kind words...BFXGeneralConsultant

Since the title is " Technical Analysis " we might as well post
subjects relevant to the title as well as updated analysis so
fellow traders can compare tech views, helping them to come
up with his/her own intelligent trade plan, trade better and
more profitable.

Actually there is a "child board" discussing specific currency pairs...fresh and updated insights are welcome and appreciated there...

Admiral_Markets_Ph · « **Reply #199 on:** Jan 24, 2012, 01:24 PM »

Quote from: jmiyake on Jan 24, 2012, 01:03 PM

Actually there is a "child board" discussing specific currency pairs...fresh and updated insights are welcome and appreciated there...

Just trying to help out...
Thanks for the info...

With the information and comments that i have been reading here, seems that
there is a community of long time and experienced currency traders in the
Philippines that can give very good advice and direction for a sound and
profitable trade, considering their experiences on the market and their portfolio
on the said trading instruments.

Kudos!

Trade well!

Gilad · « **Reply #200 on:** Mar 08, 2012, 09:29 AM »

^^
Why did you stopped giving out your technical analysis?

FutureGizmo · « **Reply #201 on:** Jul 16, 2012, 04:08 PM »

To all posters here: please refrain from hijacking this thread and posting advertisement posts. If you want to advertise, follow the forum rules on proper advertising.

Stay on topic. Unrelated posts will be deleted.

SRDC · « **Reply #202 on:** Jul 16, 2012, 04:10 PM »

Hi, thanks for the heads up. We were just announcing schedules for a free public talk. Where do you suggest we post schedules? Thanks

FutureGizmo · « **Reply #203 on:** Jul 16, 2012, 04:16 PM »

@SRDC, post them in our Ads folder: (Ads) Seminar, Cashflow, Events, Bazaar but before they can be approved for posting there, follow the posting rules explained HERE first.

batangpromdi · « **Reply #204 on:** Aug 10, 2012, 06:05 AM »

mga sir, anu po ba yung MT4 expert advisor? may bayad ba yun? kasi greyed out yung option when i try to click. san po ba mag-download ng expert advisor, yung free lang if meron.

Prospera · « **Reply #205 on:** Aug 10, 2012, 06:36 AM »

^Hi. Expert advisors (aka bots) are programs that you install on your MT4 platform to do the trading for you based on systems/strategies that you think would give profitable results.

Punta ka sa Forex Factory, do a search for EAs. There are lots of them that you can download for free.

You can also try the EA thread in the forex folder at Elite Trader. Forex TSD would be another source.

Demo mo muna. Most of them incur large drawdowns, plus your computer must always be on for them to work (unless you have VPS). I've never used an EA, btw.

PHrider · « **Reply #206 on:** Oct 26, 2012, 07:04 PM »

EU - Renko + Ichimoku

Prospera · « **Reply #207 on:** Oct 26, 2012, 09:56 PM »

^I've tried Ichimoku before but I've never used Renko bars. Looks to me like they're perfect for counting waves. I wonder why MT4 doesn't include it as a default like Heiken-ashi candles?

Lightwind_99 · « **Reply #208 on:** Nov 07, 2012, 11:39 AM »

Does anyone have a Strategy about applying hedge in trade instead of stoploss? medyo di ko pa kabisado ganitong approach at nabasa ko lang sa mga comments ng ibang group. i'm thinking how it could help trades win or break even if the trend goes on reverse.

Prospera · « **Reply #209 on:** Nov 07, 2012, 11:51 AM »

^Hi, LW. I suggest searching for McPip's thread where, if memory serves, he described his hedging strategy. Personally, I'm trying to discipline myself away from hedging and to just admit I can be wrong -- and take my losses gracefully...