Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Wednesday, 3 July 2013
CAD/JPY Analysis
Pinbar candle on the daily timeframe
94.18 level acting as a good support level and has previously been resistance too
Trend has turned up, moving averages close to turning up.
Previous swing point broken and held today
Order to go long on a 50% retrace of the pinbar candle
STOP: 9412
ENTRY: 9488
LIMIT: 9663
RISK/REWARD: 2.5/1
Tuesday, 11 June 2013
USD/CAD Analysis
Bearish pinbar on the daily timeframe
Current Trend down
Rejection of 8ema
Moving Averages crossed down
We seem to be moving in a sideways fashion on the weekly and monthly timeframes and we are at the upper end of the horizontal zone
STOP: 10256
ENTRY: 10212 (50% retrace)
LIMIT: 10098
RISK/REWARD: 3/1
Monday, 13 May 2013
USD/CAD Analysis
Wednesday, 6 March 2013
NZD/USD Analysis
Thursday, 21 February 2013
GBP/USD Analysis
Various support seen on weekly timeframe
Price has moved quite far from the moving averages on the daily timeframe so needs a pullback to this area
Looking for a 38.2% retrace on todays daily candle for entry
STOP: 15117
ENTRY: 15217
LIMIT: 15417
RISK/REWARD: 2/1

Countertrend pinbar candle on the daily timeframe

Countertrend pinbar candle on the daily timeframe
Thursday, 14 February 2013
EUR/CAD Analysis
Big breakdown today as per the previous analysis. It didnt retrace enough for my trade to trigger such was the force down.
I dont look at Elliott wave in much detail these days but you can see something that relates if you look at the higher timeframes
If you look at the monthly chart, you can see a clear 5 waves down, an A wave up and this is likely to be the B wave down
EUR/CAD Analysis
This trade is setup where the trend looks to have turned down
Two bearish pinbar candles have formed on the daily timeframe
Rejection of the 13492 area, previous swing area
61.8% retrace of 1st Feb high
Only concern is 21ema held
Order to go short on 38.2 retrace of previous days candle
STOP: 13575
ENTRY: 13496
LIMIT: 13259
RISK/REWARD: 3/1
Subscribe to:
Posts (Atom)

