A SurpriseBox near the 100 sma and 200 sma was formed on the Aud/Nzd eight hour chart. This box broke to the upside over a week ago with a gap. A target of 1.3400 was established. This target had been reached. Bad that fundamentals included human loss but this trade was placed before this natural disaster. I had exited my position halfway to the target (at the end of last week) and never re-engaged. My heart goes to the New Zealanders.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma and 200 sma was formed on the Aud/Nzd eight hour chart. This box broke to the upside a week ago with a gap. A long trade position was started. This position was going slowly toward the target. At present about half the expected move, target is 1.3400, trade started at about 1.3250 and now at 1.3325. I liquidated my position with a gain of 80 pips. Will evaluate when markets open if to re-establish my position till target with a higher stop.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma and 200 sma was formed on the Aud/Nzd eight hour chart. This box broke to the upside a week ago with a gap. A long trade position was started. This position was going slowly toward the target. At present about half the expected move, target is 1.3400, trade started at about 1.3250 and now at 1.3325. I liquidated my position with a gain of 80 pips. Will evaluate when markets open if to re-establish my position till target with a higher stop.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma and 200 sma had been formed on the Aud/Nzd eight hour chart. This box broke to the upside today with a gap at the begining of the week. A long trade position was started. A reasonable target is the 1.3400 area corresponding to a recent high. A stop will be placed near the 1.3150, area just below the dogi inferior to the gap.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
On february 7, 2011 I placed a order based on a bullish engulfing pattern on the Eur/Cad pair four hour chart. The long engulfing pattern candle broke the 100 sma SurpriseBox. Two potential targets were mentioned, first the 50sma at about 1.3600 and for more agressive trade was the 1.3700 area corresponding to the recent high. The pair reached the first target, place where I sold all my initial position. The second target was not reached, although broke the 50 sma briefly. It reached the 1.3650 area and then turned bearish. At present near the 1.3450 area, place where the initial trade was placed.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
Target ReachedDisclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma had been formed on the Gbp/Nzd four hour chart. This box broke to the upside today with a bullish engulfing pattern. A long trade position was started. A reasonable target was the 2.10 area corresponding to the 800 sma. I liquidated my position as the 800 sma had moved downward and at present the price is near this moving target. Most of the move already happened.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma had been formed on the Gbp/Nzd four hour chart. This box broke to the upside today with a bullish engulfing pattern. A long trade position was started. A reasonable target will be the 2.10 area corresponding to the 800 sma. Stop will be below the 2.0635 area being a recent low.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma had been formed on the Eur/Cad four hour chart. This box broke to the upside today with a bullish engulfing pattern. This engulfing pattern encased 8 previous candles that makes it very significant. A long trade position was started. A reasonable target will be the 1.36 area corresponding to the 50 sma. A more agresive trade place the target at the 1.37 area corresponding to a recent high. The first of these two targets was reached today.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 100 sma had been formed on the Eur/Cad four hour chart. This box broke to the upside today with a bullish engulfing pattern. This engulfing pattern encased 8 previous candles that makes it very significant. A long trade position was started. A reasonable target will be the 1.36 area corresponding to the 50 sma. A more agresive trade place the target at the 1.37 area corresponding to a recent high. 1.3335 will be a reasonable stop being the recent low or a more aggressive trade will be to place the stop near the 1.3300 area corresponding to the 200 sma.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 800 sma, 100 sma and the 200 sma had been formed on the CAD/JPY one hour chart. This box broke to the downside yesturday. A short trade position was started. I got stopped out when a strong candle to the upside returned to the box and broke the 82.50 level.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
A SurpriseBox near the 800 sma, 100 sma and the 200 sma had been formed on the CAD/JPY one hour chart. This box broke to the downside and presently on a recoil. A short trade position was started. Target is the 81.75 area corresponding to recent low. Reasonable stops may be the 82.50 area or if more agressive, the 83.00 area.Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
