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Technical Analysis in Forex Trading

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beast_master

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on: Jul 06, 2009, 02:48 PM
Let's  put up a technical analysis thread.  Let's make this thread a learning forum.  Anything goes here.  You can post your questions, inquiries or anything about charting.  I'll do my best to answer the things that I'm familiar with.  If you have knowledge on the topics being discussed you're welcome to post your insights.


cheeseter

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Reply #1 on: Jul 06, 2009, 05:46 PM
Wow! Thanks beast_master for starting this thread. I will start with the simplest yet mostly neglected. Supports and Resistances. Ano po ba un criteria ng solid S&R, how will you know if prices will break or stay within it?


Ping

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Reply #2 on: Jul 06, 2009, 06:26 PM
Tama, nice question!  Same with trendline na rin po pls



 :hello:


ric_TNT

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Reply #3 on: Jul 06, 2009, 07:10 PM
In relation to my future plans to get into stock trading. I'm so interested in this subject (Technical Analysis), but I don't know where to start.

Appreciate any advice from our fellow PMTers !!! Cheers   :D :D


ForexBoy

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Reply #4 on: Jul 07, 2009, 07:57 AM
This is a very nice thread I've been waiting for.

@Cheeseter
I would like to share my insights about S/R and there are several methods on how to do this such as candle stick patterns, fibs, pivot points and etc... However, let's wait for the master where he might give a better explanation.  :cool2:


SirYuri90

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Reply #5 on: Jul 07, 2009, 12:35 PM
« Last Edit: Jul 07, 2009, 01:02 PM by SirYuri90 »


beast_master

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Reply #6 on: Jul 07, 2009, 04:43 PM
^Nice Siryuri90.  keep it up.  Yung answer ko guys wait lang ha, there's a lot of things going on in the office right now, pasilip silip lang ako muna ko.  yung mga sagot ko naka powerpoint pa kasi. :D  Ganyan kayo kalakas sa kin!


ForexBoy

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Reply #7 on: Jul 07, 2009, 08:14 PM
@Beast_Master
Thank you for giving the effort to provide us such valuable presentation. :hihi:

@SirYuri90
Maybe an image sample can provide a better picture.


Ping

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Reply #8 on: Jul 07, 2009, 08:19 PM
Tama!  Tama!   :applause:

An illustration will definitely help a lot please!



 :cool2:


SirYuri90

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Reply #9 on: Jul 07, 2009, 08:28 PM

Tama!  Tama!   :applause:

An illustration will definitely help a lot please!



 :cool2:


o nga ping post m ona kasi yung chart hehehe... :D


beast_master

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Reply #10 on: Jul 07, 2009, 11:39 PM
« Last Edit: Jul 07, 2009, 11:49 PM by beast_master »


cheeseter

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Reply #11 on: Jul 07, 2009, 11:47 PM
^master, di po kita un picture. Pero valuable info pa ren. :cool2:

Edit: ayan ok na, di halatang excited ako.


beast_master

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Reply #12 on: Jul 08, 2009, 12:21 AM
FIBONACCI RETRACEMENT

This is my view towards Yellowminded's Fib 50 level question.

Although 50% is not actually a fib number, more often it is usually a retracement point.  I have actually seen it many times.  Many technicians do consider it as a retracement point.  That is probably the reason why it is so potent.




This is my technique in using the Fibonacci:

Using fibonacci tool is an art.  Normally it is hard to spot the retracement point.  So what I do is to treat the fibonacci as a retracement zone.  I consider the 38 to 62 as a retracement zone. Check the blue highlight. I expect that zone as the area of retracement and not aim for a certain fib number.  That's dangerous.  Wait for failure at a certain level then put an entry order at the next fib level.  

As an example, the chart above shows that the price failed at the 50%.  I normally don't chase the price at 50%, that's dangerous because it could shoot upwards. Instead I put an entry order at the next level w/c is 38.2% to be able to give the price a room for confirmation of failure.


beast_master

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Reply #13 on: Jul 08, 2009, 12:34 AM

@Beast_Master
Thank you for giving the effort to provide us such valuable presentation. :hihi:



Bring it on guys.  Questions pa.  Natututo na din ako pag sumasagot ako.  Kahit papano nare-review na rin ako for my CMT exam.


beast_master

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Reply #14 on: Mar 07, 2010, 07:13 PM
I have posted same setup weeks ago on the gbpusd regarding a fanline breakdown.  It resulted as much as 1000 pips.
here is another almost same setup on the AUDUSD.

Two requirements for this to be valid  1) The current rally should result into a lower high and 2) breakdown of the 3rd fanline and a subsequent retest.



 


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