Forex Trading Strategy on Hourly Euro – Sept 14th 2010

July 28, 2011 by  
Filed under Forex Trading Strategies


Euro has faded 1.2920 to maintain consolidation and the prospect of a new decline!

Hourly Sterling Forex Strategy from Key 1.5820-1.5965 Consol.

July 27, 2011 by  
Filed under Forex Trading Strategies


As the 1.5965 level contains, stay bearish for a swing back to 1.5645 into the range of fourth of a lessor degree. Any upside break extends the rally to about 1.6235.

Forex Trading Strategy on Hourly Euro Yen – Sept 17th

June 26, 2011 by  
Filed under Forex Trading Strategies


Euro Yen is following textbook Elliott Wave theory perfectly and suggests it is close to a top!

Hourly Forex Trading Strategy on $-Swiss – August 16th 2010

June 10, 2011 by  
Filed under Forex Trading Strategies


The 1.0335 low should survive this attack to preserve consolidation or risk yet another shortlived new low to 1.0250 before Dollar recovers to 1.0625.

Euro Hourly Forex Strategy Aug 2, 2010

September 9, 2010 by  
Filed under Forex Trading Strategies


As key 1.2960-40 support holds it projects a rally to 1.3185, possilby 1.3215. Use a move of this magnitude to sell with stops over the 1.3240 level for start of a serious downside correction.

Hourly Euro Forex Strategy Aug 3rd 2010 22GMT

September 7, 2010 by  
Filed under Forex Trading Strategies


Until tight 1.3180 support is lost we must allow for probes of the 1.3260 to 1.3270 resistance levels. Below the 1.3105 pivot is needed to confirm the larger pullback to about 1.2835 again.

Hourly Sterling Forex Strategy for Aug 8th 2010 22gmt

September 6, 2010 by  
Filed under Forex Trading Strategies


Lack of upside momentum on break to new highs risks a larger erratic 4th wave correction before the rally resumes in earnest to about 1.6150. Only below 1.5820 would suggest an early downside reversal.

Aussie Hourly Forex Strategy Aug 2nd 2010 20GMT

September 6, 2010 by  
Filed under Forex Trading Strategies


Alhough the Aussie has met the 91.10 target we doubt the move is complete. Ideally, 90.70-80 holds to secondary 91.85 target. Only below 90.40 argues an early reversal.

Hourly Forex Strategy for Sterling Aug 15, 2010

September 3, 2010 by  
Filed under Forex Trading Strategies


Sterling has checked back to Daily upchannel support in the 1.5550-60 range in a 3 wave format. As this base holds a rally over the 1.5720 pivot point will offer another attempt to renew the uptrend and challenge the 1.5995 peak. Keep relatively tight stops on this view as a loss of the 1.5550 base opens a 5th and final decline to an ideal 1.5400 target before the market sets a base to correct the recent decline with a pullback to current levels again.

Hourly Forex Strategy for $ Yen Aug 8th 2010 22gmt

September 2, 2010 by  
Filed under Forex Trading Strategies


As 85.70 caps there is still room for a full test of the 84.80 base. As this level holds we suspect an upside correction to the recent 89.15-84.80 decline is likely. Only below 84.80 sustains the downtrend.

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