Forex blog: Daily Reviews and Tips for Your trading

Blog will be up soon

2008-09-02T21:38:00.003+04:00

Hello.

I haven't write anything here for a couple of months, and I'm afraid there won't be any new posts from now on. We decided, that from now on, it is better to concentrate on our trading.

Thank you everyone, who ever visited our blog, and we hope you liked it.

Best Regards,
Schneider Anatoliy.

GBPUSD further perspectives

2008-04-25T10:27:00.002+04:00

Hello everybody!
So, first of all about the trend, we have a down trend. Right now we are in the correction of the last wave down 1.9814-1.9686. Take a look at the picture and everything will be clearer.
I will be searching the end of the correction and then enter a sell position. If the price wouldn't manage to break the minim I will change my tactic, I will buy if I will see the end of that wave.

If the minim will be broken the supports will be 1.9608; 1.9556; 1.9477. And if the maxim will be broken the resistances will be 1.9786; 1.9803; 1.9832.

Best Regards,
Tacomy

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GBPUSD review

2008-04-22T10:19:00.002+04:00

Hello everybody!
So as you could have seen, yesterday we have good down movement, but now we have a flat. It's a good starting point. Do you remember about real and false break? Take a look at the post
http://fxanthony.blogspot.com/2007/10/gbpusd-how-to-recognise-real-break.html
Now let's return to today's situation. Let's take a look at the picture.
So if it would break the minim we will have the continuation of the down movement with the next supports marked on the picture. And if it would break the maxim we will go into correction with the resistances marked on the picture.

Best Regards,
Tacomy

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GBPUSD what's happening next?

2008-04-18T10:15:00.002+04:00

Hello everybody!
There are two days that we have the ascending session trend. Take a look at the picture.
So our tactic today is to buy after the end of correction. The resistances are 2.0057; 2.0147; 2.0284. If we will see the reverse of the trend(the red scenario) we will change our tactic. We will sell after the end of correction. The supports are 1.9833; 1.9782; 1.9750

Best Regards,
Tacomy

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GBPUSD short review

2008-04-16T10:57:00.002+04:00

Hello everybody!
I will be short today, as the moving already beghin. The intraday trend is up. Take a look at the picture to see the resistance levels.

Best Regards,
Tacomy

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I'm back. GBPUSD review

2008-04-14T10:09:00.003+04:00

Hello everybody!
I'm sorry I wasn't able to publish here the last month. But beginning with today I will publish regularly;)
So let's take a look at the GBPUSD H1 chart.
We have a down trend in spite of breaking the trend line, do you remember about the real break? This one is not a real break yet.
So until the 1.9769 level would not be broken we will find a good point for selling. This good point is looking like this. Take a look at the picture

Later if I will see this situation happening or if I will see the cancellation of this scenario I will publish a new review.

Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD starting a new week together

2008-03-24T11:39:00.002+03:00

Hello everybody!
Let's start the new trading week together. Let's start with a look at the picture.
On the H1 time frame we have a descending trend, but on the M30 we can see the consolidation. So we have two variants of movement. If 1.9879 level will be broken the consolidation will continue with the resistances 1.9938; 2.0116; 2.0249.
And if the 1.9736 level will be broken we will have the continuation of the down trend with the further supports 1.9641; 1.9515; 1.9373.

Best Regards,
Tacomy

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GBPUSD further perspectives

2008-03-19T10:28:00.002+03:00

Hello everybody!
Let's take a look at the picture
As usually I've marked two possible variants of movement. The supports are 1.9997; 1.9673; 1.9481. If the 1.9948 minim will be broken the blue line variant will be cancelled. But if the 2.0397 maxim will be broken the red line variant will be canceled and the up trend will continue.
The resistances are 2.0351; 2.0472; 2.0603.

Best Regards,

Tacomy

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GBPUSD short review

2008-03-17T07:45:00.002+03:00

Hello everybody!
Here is the short review of the current situation. Take a look at the picture.
I've marked only one variant of movement with the supports 2.0030; 1.9916; 1.9804
Another two variants will be the real breaking of the MAX and continuation of up trend or the continuation of the flat.

Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD further perspectives

2008-03-12T11:42:00.003+03:00

Hello everybody!
Sorry for being absent the last days, but I hadn't the possibility to be at my computer and to trade.
So here is the trade plan for today. Take a look at the picture.
As usually there are marked two variants of movement. The resistances for the blue line variant are 2.0186; 2.0246; 2.0303. And the supports for the red line variant are 2.0051; 1.9914; 1.9863; Right now it is forming the wave down on M5-M15. I will wait for the end of this wave and then I will sell after the end of it's correction, if the correction will be lower than the maxim 2.0150.

Best Regards,
Tacomy

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GBPUSD real breaking or continuation of the flat

2008-03-06T10:57:00.003+03:00

Hello everybody!
Yesterday we had a nice movement. First it braked the minim of the flat, then it made a wave up (M5) And then this nice intraday trend begun. It's correction could be the 4th wave, and then it will go in the 5th. For this scenario to happen it shouldn't break 50% of third wave 1.9865
Take a look at the picture
So if the minim will be broken we will go in correction with the supports 1.9873; 1.9823; 1.9751
And if the max will me broken we will have the resistances 2.0058; 2.0117; 2.0214

Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPJPY don't you beleive that Elliot saves? I will show you one more time!

2008-03-06T08:06:00.004+03:00

Hello!

Ok, here are my thoughts. I won't write too much today, because I don't want to be late to the grand opening! Of the forex market of course! :) It is only 1 and a half hour to the European session.

Ok, here is the picture. As you can see, yesterday all waves were in order, just as they supposed to be. It seemed that we were going down, but I mention that correction may continue downwards - no magic here, just Fibo grids (61.8% of the 1st wave). Simple? Well, yes. That's why it's so popular.

Today we can continue with the 4th wave down (again - this descending movement has its own limits, so it it will end), and then - to the 5th wave. Or simply, we can start our 5th wave at once, just after little bearish jerk (we have to finish the 4th wave anyway).

Also please mention that existing 4th wave looks like a triangle - I marked it out on my chart. I will follow the price after breaking of these levels.

And it is all for now, now let us trade the plan!

Best Regards,
Anthony Schneider

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Trading tips, daily trading plan, daily review - check out our main page
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GBPJPY Elliot saves!

2008-03-05T06:36:00.005+03:00

Hello, dear readers!

Well, it's been a while since my last post. I think I am able to write my plans, tips and other stuff on the daily basis here, at last!

First, this H4 chart

As you can see here, we had a powerful descending movement the whole previous week. I want to mention the 5th wave, that had a place during the Sunday (and most brokers don't quote on Sundays) - it is important to count this wave too, because in other case, it would be difficult to mark all waves in order.

I have marked out divergence with AO (MACD) on my chart, as the first sign of upcoming correction. As you can see, the price just started to reverse yesterday.

Now I just want to mention 205.80 level - it is our main resistance at the moment. Please mention, how GBPJPY didn't manage to break down this level 1st time (previous week), and how it became a resistance now. It is very important, because if we will manage to break it out, we will have an ascending trend at least to the next resistance and so on (red lines on my chart).

Take a look on M15 chart

Here I marked out Elliot waves at this stage of upcoming correction. Right now we have already made the 1st wave in C, and have start the 2nd one. Please, take a look at 233 MA - mention how the price have broke it out, and how how it became a support from resistance.

Also you can see this powerful level, I was talking above, and I have marked out another one as a possible limit for the current 2nd wave - probably I will have to reconsider my trading plan, if this level will be broken.

It is all for now.

With Best Regards,
Anthony Schneider.

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GBPUSD as I expected, the flat continued

2008-03-03T10:37:00.002+03:00

Hello everybody!
First of all let's take a look at the picture
So we have a flat with the borders 1.9762-1.9974. The moving averages also show the flat. It's possible that the flat will continue.
Another two variants of further perspectives are 1.9948 with further resistances 2.0018;2.0097.
If the 1.9785 will be broken we will have these supports: 1.9714; 1.9637; 1.9526.

Best Regards,
Tacomy

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GBPUSD beginning flat on M15

2008-02-29T11:05:00.002+03:00

Hello everybody!
There is flat on M15 TF (1.9761-1.9971). Let's see what's happening next. Take a look at the picture
So if the maximum will be broken we will have the continuation of the up trend with the resistances 1.9990; 2.0060; 2.0133
And if it will go on the red line scenario the supports will be 1.9832; 1.9797;1.9761

Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD rollback

2008-02-28T10:23:00.002+03:00

Hello!
I expect that today the GBPUSD pair will go in the rollback of the previous day's movement. Take a look at the picture
The resistances are 1.9883;1.9929
And the supports 1.9677;1.9612;1.9503
If the max will be broken the up trend will continue

Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD continuation of the up trend

2008-02-27T10:14:00.002+03:00

Hello everybody!
As you can see we have a nice up trend. I will only mention another two resistances 1.9925;1.9979. For the down movement we need the first wave down.
Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD review

2008-02-26T10:16:00.002+03:00

Hello!
As we have a flat on bigger TF it's easy for the trend on smaller TF to became in a flat too. Take a look at the picture.
I've marked two possible variants of movement. The resistances of up movement are 1.9680;1.9753;1.9786;1.9840
And the supports for the down movement are 1.9621;1.9607;1.9585
Let's see what will happen next

Best Regards,
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPJPY New week, Old trend or Penguins versus ???

2008-02-25T07:11:00.007+03:00

Hello everyone!

First, I want to say sorry - I haven't been here recently, and even wasn't able to trade currencies - I killed my Windows XP for good, and forget about it. Now I am using Linux Ubuntu, happy with it, but had to configure it, and I'm done at last :)

It was pretty interesting to emulate Metatrader 4 on Linux, but with a little help from net sources, I succeed. Now I still have to configure some fonts, as you can see on my charts (they are all from Linux now!), but I think it won't be a problem.

By the way, if anyone, trader or not, want to leave lagging MS Windows, and don't know how - please, feel free to write on my mail (fxnthint at gmail dot com) - I will gladly help you with OS at all and with Metatrader for instance, as far as I can, or at least will guide you to good net resources.

OK, less talk, more trading.

As you may remember, 2 my last posts were concerning GBPJPY long and short term perspectives. Here they are : the first one, and the second.

Now, after reviewing these posts (as they are still may be useful, at least long terms), let us discuss the current situation.

Fisrt, GBPJPY D1 chart:

As you can see on this picture, we still have big descending trend on daily chart, but anyway we are in deep correction, if to speak about H4 and lower TFs.

On this daily chart I have marked out the max value for the 4th wave with bold black line - it can't cross the 1st wave in the impulse - else - current Elliot wave structure will be treated as wrong one.
Anyway, it is still a long go to this level. And check out 233 MA - the price have to break this out in order to completely change its trend.

Now GBPJPY M15 - the current situation.

It seems, that we are going down, down, down today. The main things to watch are
1) Lower border of the flat on European session
2) 233 MA

And because these levels are quite close to each other it will be a very important and powerful signal to sell GBP (or buy JPY - as you like :) ) at this point.

Descending plan have to be canceled, or, at least reviewed, if the price will manage to bounce from 233 MA and break the top flat border.

It is al for know. Now it is time to trade the plan :)

Good luck to you and profit!

Best Regards,
Anthony Schneider.

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD the same situation

2008-02-22T10:58:00.004+03:00

Hello everybody!
There is almost the same situation as few days far. It's so because on the bigger TF we have a flat. Take a look at the picture.
I've marked two possible variants of movement
The first one: the rollback of the yesterday movement with the resistances 1.9607; 1.9560; 1.9522
and the second one: the continuation of the up movement if breaking 1.9682(yesterday max) with the resistances 1.9705; 1.9739.

Best Regards!
Tacomy
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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD short review

2008-02-20T10:14:00.004+03:00

Hello everybody!
Here is another way how the GBPUSD pair can go today. Take a look at the pictureThe resistances of the up movement are 1.9561; 1.9585; 1.9626
And the resistances for the down movement which I've marked yesterday are 1.9401; 1.9367; 1.9313
Also remember that the flat cans continue

Best Regards!
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD long term and M15 TF's flat

2008-02-19T10:54:00.003+03:00

Hello everybody!
Let's take a look at the H4 TF
As you can see I've market two possible variants from this point. There are marked the waves A-B-a(C) for the both directions. Let start with levels. The resistances for the up movement are 1.9810;1.9936;2.0106;2.0334.
and the supports are 1.9037;1.8809;1.8458. Don't wait these levels to be broken today:)
With the breaking of 1.9334 level the up variant will be canceled, and also the down variant will be canceled with the breaking of 1.9957.
Breaking 1.9739 means only the cancellation of the a(C) variant down, and breaking only 1.9384 means cancellation of the a(C) up
Now let's take a look at the M15 TF
Here we have a flat. And the first wave up, with the possibility to go in an up trend today. I didn't mark the second variant because the down wave was not yet formed, but I don't exclude the variant of continuation of the flat or even the breaking the down border of the flat.
The resistances are 1.9556; 1.9575;1.9615;1.9646

It's all for now
Best Regards
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD review

2008-02-15T10:15:00.006+03:00

Hello everybody!
So the last day of the week is already here. What we could expect from this day. Let's take a look at the picture
I've marked the wave a and b for both possible variants.
Breaking 1.9671 means annulation of the blue line variant and breaking 1.9737 means annulation of the red line variant marked on the picture.
The resistances for the blue line scenario are 1.9747; 1.9763; 1.9788
And the supports for down movement are 1.9644; 1.9624; 1.9589

Best Regards!
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD & Valentine's Day

2008-02-14T10:32:00.006+03:00

Hello everybody!
It's interesting, what gift did prepare this pair for us.
It's difficult to say something because the up movement is not finished. Take a look at the picture
I've marked three resistances up, because the wave up is not yet finished 1.9742; 1.9773; 1.9821. Later I will publish the supports too.

Best Regards
Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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GBPUSD further perspectives

2008-02-13T10:59:00.005+03:00

Hello everybody!
Yesterday we had a nice up movement, look at the the Monday's H1 trade plan picture
http://fxanthony.blogspot.com/2008/02/gbpusd-new-week-is-started.html
Look how it bounced from the third resistance
Now let's analyse the today's situation. Let's take a look at the picture

The red line indicates the possible correction of the yesterday movement. It's supports are 1.9515; 1.9490;1.9445

And if the pair will break the yesterday maximum the up movement will be continued with the next resistances 1.9703; 1.9747; 1.9821

Best Regards!

Tacomy

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Trading tips, daily trading plan, daily review - check out our main page
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