The Aud/Nzd pair had made a brake of the 200sma 4h SurpriseBox. The brake formed a head and shoulders pattern.It had reached its initial target of 1.3200.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 SurpriseTrade@gmail.com
Trading Spot Forex, Equities and Futures using "Long Term Moving Averages" as Support and Resistance. The strategy consist of breakouts from the 800 or 200 simple moving average (sma) Bollinger Band. Will take into account the 800sma, 200 sma, the 50 sma and recent high/lows as support and resistance. Reversal patterns "double bottom" or "double top" near a Bollinger Band will trigger a trade.
Wednesday, May 25, 2011
Monday, May 23, 2011
Another Head and Shoulders
The Aud/Nzd pair had made a brake of the 200sma 4h SurpriseBox. The brake formed a head and shoulders pattern. A small position started on the long position although waiting for the recoil to add to the position. Entry point will be the 1.3350 area, stop will be recent high at 1.3500 area and the first target will be the 1.32 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. By SurpriseTrade@gmail.com
Friday, May 13, 2011
Completion of Head and Shoulders GBP/USD
The Gbp/Usd pair had made a brake of the 50sma 8h SurpriseBox. The brake formed a head and shoulders pattern. The pattern completed the target today although I got shaken out of the position.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 SurpriseTrade@gmail.com
Thursday, May 12, 2011
Head and Shoulders GBP/USD May-2011
The Gbp/Usd pair had made a brake of the 50sma 8h SurpriseBox. The brake formed a head and shoulders pattern. The volatility of the pound brought this pair back to the box yesturday but today again directing toward the target. Bumpy road as moving averages were on the way including the 100sma and 200sma serving as support (or resistance depending the way you look at it). I initially traded short but failed to get out when it touched the 100sma so I got stopped out (I got shaken out of the position).
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 SurpriseTrade@gmail.com
Tuesday, May 3, 2011
Stopped out
The Gbp/Jpy sustained aggressive selling. Stopped out.
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 SurpriseTrade@gmail.com
Sunday, May 1, 2011
Update of Gbp/Jpy Engulfing Pattern on Daily Chart
The Gbp/Jpy pair had made a brake of the 50sma daily SurpriseBox. The brake was with a engulfing pattern that encased 12 candles, including a hammer. Target will be 139.50 and stop below 134.00. At present in the recoil.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 SurpriseTrade@gmail.com
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