Price Action, Fibos, Pivots and S&R Trading setups - Continue from here

robertrfx · April 4, 2013, 9:24am

Hello Perry,

Yep it is. Nice play on the same support and resistance levels. I am waiting till break of either s or r levels to take a break out trade.

robertrfx · April 4, 2013, 9:29am

Nice to hear that. Good to see you improving. Keep it up.

I can see nice 01 hr bullish candles on GU. Rather I would like to remain bearish.

robertrfx · April 4, 2013, 9:32am

As you can see nothing new. Same levels.

robertrfx · April 4, 2013, 9:44am

Support level held and on the way to next resistance level.

Why I missed this lovely one ???

robertrfx · April 4, 2013, 9:48am

In the mean time what the heck happened to the gold ? Channel broke finally. Aiming $1526. 8X ( 2012 low ) to try a long.

robertrfx · April 5, 2013, 3:37am

Took A few EU breakout trades and holding few at the moment. Looks like the pair needs 1.287X before continuing the long run.

robertrfx · April 5, 2013, 3:42am

Both EJ and GU pairs touched the near resistance level and stalling at the moment. Will these pairs be Back to support level or break to the upside ? That’s what I am concerned at the moment. Today we have NFP day. Something will happen for sure.

However I would like to call it a week. See you guys next week.

:23:

perryfx · April 5, 2013, 4:19am

Robert,

As usual good trades seeing from you. Have a great weekend.

robertrfx · April 8, 2013, 7:44am

Thanks Perry. How about you ? Got any ideas for the new week ?

robertrfx · April 8, 2013, 7:46am

NFP worked out well. Closed the final one with over 130+ pips.

robertrfx · April 8, 2013, 7:49am

GBP/JPY,

Support level nicely held and the pair in the uncontrollable bullish run at the moment. I cannot see any near resistance level. Hopefully pair will go above 155 soon.

robertrfx · April 8, 2013, 8:03am

EUR/JPY

Same bullish pattern for EJ just like GJ. Now the sky is the limit for yen ladies. Looking for possible retracements to load longs.

robertrfx · April 8, 2013, 8:14am

Gold quickly recovered from NFP. Will lower leg of the channel act as a resistance or not ?

alanamc · April 9, 2013, 5:25am

Hello Robert

How are you doing ? Took a small long trade on the recent pullback. I cannot see any near resistance levels to consider an exit. If you have any exit levels please let me know. I don’t want to close this trade soon.

robertrfx · April 11, 2013, 7:35am

Alan,

Good one. Keep your trade open until a bearish signal. I will give updates if I found any.

robertrfx · April 11, 2013, 7:37am

Failed to maintain the bullish momentum and trying to retest the bottoms again.

robertrfx · April 11, 2013, 7:42am

Big level 1.3165 on the way. Looking for a short opportunity. But If the pair continues the bullish momentum next R at 1.33.

robertrfx · April 11, 2013, 7:59am

USD/CHF

Took a USD/CHF short trade targeting below 0.91

perryfx · April 12, 2013, 1:23am

Good trade Robert. I normally don’t trade USD/CHF coz I don’t know much about the pair. Seems like you are an expert in all pairs.

perryfx · April 12, 2013, 1:26am

Robert,

Yep, Really agree with your levels mentioned here. I am also waiting for a good opportunity to short EU from the top. Market seems a bit slow today. May be London will add some liquidity.