This Week trades and the Future

This week trades and next week procpectus is as follows:

1. Monday started with a bullish engulfing pattern from the 100 sma in the Eur/Sek three hour chart. At the same time a bullish engulfing pattern out of the 200 sma when the pair was seen in the 8 hour chart (see number 4 in chart below).
   
2. This pair completed the trade when reached the 50 sma resistance(see above).
3. A bearish brake of the 50 sma SurpriseBox to the downside was traded from the recoil. The target, down again at the 100 sma did not complete and I got out on a time-stop when the pattern failed to progress.
4. Thursday, the Eur/Jpy broke the upper part of the 3h 200 sma SurpriseBox with a engulfing pattern that completed the target of 115.00, recent high (see below).
   

5. For the next several weeks will be watching the Nzd and Aud. Both currencies shows strength when evaluated in the weekly charts (example GBP/AUD and Nzd/Usd below). Also the long term bearish position in the Gbp/Cad and Gbp/Chf seems to be recurring.
   
   
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. By Andres Britt-Larregui, SurpriseTrade@gmail.com

Bearish on the Eur/Sek

A SurpriseBox near the 50sma  was formed on the Eur/Sek Three Hour Chart. This box broke to the downside at 6am est, currently on the recoil. Not quite a engulfing pattern as it did on monday to the upside. 

• Target of near 8.900 corresponding to the 100sma. 
• Stop is near the 8.9700 area corresponding to a recent high and close to the 800sma.

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.

GBP/CHF Head and Shoulders

A SurpriseBox near the 800sma, 200sma and 100sma  was formed on the Gbp/CHF three hour chart. This box broke to the downside two days ago forming a head and shoulders pattern. A trade was placed using stop 1.50 and target 1.45. Position started at 1.4760. This trade hit its target yesturday. The latter was not previoulsy published by this site.

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.

NZD/USD position stopped

A SurpriseBox near the 200sma  was formed on the Nzd/Usd daily chart. This box broke to the upside last friday with a bullish engulfing pattern.Stop will be the recent low about 0.7320. This stop was triggered.

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.

NZD/USD Engulfing Pattern-Daily Chart

A SurpriseBox near the 200sma  was formed on the Nzd/Usd daily chart. This box broke to the upside last friday with a bullish engulfing pattern.A reasonable target will be the 100sma at about 0.7550. Stop will be the recent low about 0.7320.

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.

GBP-My long stopped, my short is on the go

A SurpriseBox near the 50 sma  was formed on the Gbp/Cad weekly chart. This box broke to the downside two weeks ago with a bearish engulfing pattern.This position is on the go toward its target.

On  the other hand, I got stopped in the GBP/USD position started yesturday based on the eight hour chart.

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.

GBP Engulfing Pattern

A SurpriseBox near the 50 sma  was formed on the Gbp/USD eight hour chart. This box broke to the upside today with a bullish engulfing pattern. A target of near 1.6320 corresponding to a recent high. Stop is near the 1.6100 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.

Copy of Engulfing pattern

A SurpriseBox near the 50 sma  was formed on the Gbp/Cad weekly chart. This box broke to the downside two weeks ago with a bearish engulfing pattern. A target of near 1.55 corresponding to a recent low. Stop is near the 1.60 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.

Copy of Engulfing pattern

A SurpriseBox near the 50 sma  was formed on the Gbp/Cad weekly chart. This box broke to the downside two weeks ago with a bearish engulfing pattern. A target of near 1.55 corresponding to a recent low. Stop is near the 1.60 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.

Four SurpriseTrades this Week

A Series of SurpriseTrades ocurred this week. Traded some of them.

***Four Hours Eur/Gbp Chart upward breakout on Mar-3-2011 from the 200sma***

***Four Hours Cad/Jpy Chart upward breakout on Mar-2-2011 after Engulfing Pattern rejecting the 100sma***

***Four Hours Cad/Chf Chart downward breakout from 200sma on Mar-4-2011***

***Eight Hours Gbp/Cad Chart downward breakout from 100sma on Mar-3-2011 after Engulfing Pattern***

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.

GbpNzd SurpriseTrade

A SurpriseBox near the 50 sma  was formed on the Gbp/Nzd three, four and eight hour charts. This box broke to the upside yesturday. A target of 1.1750 was recent high. This target had been reached. This trade was not previously published.

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.