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[Amy]

Look at that crossing of eur, gbp and jpy indexes vs. usd index.
I believe the market is going to supply lot of opportunities, but tighter money management is needed even more than everyday,
because all resistances are now being tested even in intraday TF's, which is paradise for algotraders.
LUCK


 

[sunman4008]

Hi Amy,

Nice chart.   Out of curiosity, why 6 hour comparisons and not daily?

-Manesh

[Amy]

Hi Amy,

Nice chart.   Out of curiosity, why 6 hour comparisons and not daily?

-Manesh

Hi manesh,

It's more like function of limitations on higher TF's with comparison charts, than ideology.

[sunman4008]

Hello,

Ok..


-Manesh

[lejumeau]

This one was such a nice setup, just perfect  breaking out from ranging and
giving a nice rally up all the indicator was on buy side..  

[umjammer]

free forex articles]http://sites.google.com/site/freeforexarticles/]free forex articles

[paulbooma]

hi everyone

i haven't been here for a while but read new posts about once a month.

this is something i did for another forum but wanted to share it here too.


a brief description of ichimoku is that it is based around
the 50% level of various periods, 9, 26 and 52.
a trend following system that looks for the mid point.
if price struggles to reach the mid point then it is trending.

i have left some trend lines on to frame price. i now look
at trend lines as an outer based system, containing price.

a video i made to go with the charts to help explain.


http://www.youtube.com/watch?v=oi_aqe2uCe0


first up is the eurusd.
bouncing around in the cloud, the ultimate mid point.


http://s548.photobucket.com/albums/ii328/paulbooma/charts/euw-1.png


the eurjpy is below a bear cloud and has this week touched
the pink (9) and red (26) ma's. the mid point for the
last 6 months and 2 months. can it get above these or
will it drop below and continue the bear trending.


http://s548.photobucket.com/albums/ii328/paulbooma/charts/ejw.png


the audusd shows bull trending with price on the pink ma.
price is also testing support atthe old high.
a bounce from here and back to bull trending.


http://s548.photobucket.com/albums/ii328/paulbooma/charts/auw.png


the audjpy is just above the cloud and the green line
forming the top of the cloud is the mid point for the
last 12 months. it's at an interesting point and could
be the point of a break out north.lots of good signals.

http://s548.photobucket.com/albums/ii328/paulbooma/charts/ajw.png


the usdchf looks like an inverse of the audusd.
bear trending and testing resistance at the old low.


http://s548.photobucket.com/albums/ii328/paulbooma/charts/ucw.png


the usdjpy, my road map of f/a chart, is also bear trending.
current price is above pink and i will be watching for
resistance at red and support at pink.


http://s548.photobucket.com/albums/ii328/paulbooma/charts/ujw.png


the cadusd is a bit behind and yet to test old lows.
price is below all ma's and bear trending. look for support
at the old lows.

http://s548.photobucket.com/albums/ii328/paulbooma/charts/caduw.png


the cadjpy is heading back to the mid point. not there yet
but since the mid point is a magnet for price it will
mostly test it. again a bit behind the likes of the audjpy.


http://s548.photobucket.com/albums/ii328/paulbooma/charts/cadjw.png

[arco]

Well done Paul - took some effort to get that together.  

[paulbooma]

thanks arco

here's an analysis of just one pair.

"http://www.youtube.com/watch?v=3Pwl_vhujZk"


i trade only a few markets and one of them is the eurjpy.

this week the eur was taking on heavy resistance on a
weekly and daily scale. i found resistance not to be holding
and turned with the break. simply it broke a line so i
went with it. for how long, i'll try to let the chart
tell me, but not long, am a scalper finding the trend.

i find price wanted to be above the mid points and start
a trend. go with the flow, i was short until it crossed
the mid point.

"http://s548.photobucket.com/albums/ii328/paulbooma/charts/ej-2.png"

moving to a higher t/f to see the trend looking at
what is possible.

bull trending on a new high break out.

"http://s548.photobucket.com/albums/ii328/paulbooma/charts/ej4.png"

a higher swing and now above the mid point.

"http://s548.photobucket.com/albums/ii328/paulbooma/charts/ejd-1.png" target="

now looking at resistance as support on the weekly.
price is now above the mid point of the lower
range (pink and red).


"http://s548.photobucket.com/albums/ii328/paulbooma/charts/ej5.png"

the monthly is a serious bear trend. a higher swing low
but below the pink. it needs to test the mid point and
hold it, if not new lows coming.

"http://s548.photobucket.com/albums/ii328/paulbooma/charts/ej7.png"

it did a couple of stock charts earlier looking for their
mid points. with more data i simply go up the t/f.

the mid point is around 140. miles away. i simply trade
in and out with respect to this different levels.

"http://s548.photobucket.com/albums/ii328/paulbooma/charts/ej8.png" target="