EURUSD
Tue Nov 06 trading:
For Wed Nov 07, 2012
PWH: 1.3026
PWL: 1.2825
PDH: 1.2833
PDL: 1.2767
2012-11-06_2004 - Cskrishna’s library
Hi Palmy
Sorry I seemed to have skipped over your post there. Yes that is fine. Just look for the recent swing highs and swing lows that have formed on the daily and 4 hour chart. So mark the swing high that has formed on the daily chart immediatley above and below price. Do the same for the 4 hour chart. Those are the levels you will anticipate a reaction. Last week you saw the 129.60 you have marked on your chart form the weekly high. Going forward this week you have that same daily swing high at 129.60 (notice how this level is very clean) which is last weeks high as well as a daily swing low at 127.00 which is last weeks low. The 4hour swing points are a bit blurred at the moment due to GJ being quite choppy at the moment so for now just focus in on 129.60 and 127.00.
[B]GBPJPY 4 Hour Swing High[/B]
Palmy, take a look what happened at you 128.80 level you had noted on your chart. I know we are currently only noting the most recent swing highs and lows for the time being and we have yet to include older swing highs and lows but this is a good example of a pure resistance level in play here today which we will be including on our charts in the future. In the comming weeks we will be getting to these older swings as well as implied support and resistance levels such as Fibs and Pivots.
[B]128.80 Key Resistance Level[/B]
[B]128.80 Key Resistance Level Overlayed with 78.6% Fibonacci Retracement Level[/B]
[B]Too Close for Comfort[/B]
Mashichan recall our above conversation earlier on in the thread. Notice how close price came to the PWL on EURJPY. Price fell short just 5 pips above the prior weeks low and when this happens price will almost always revist those levels later on and blow out the stops below the PWL.
Hi guys,
Update for the USDCHF. Price traded down a little bit and found support at the High of Week 1 @ the institutional 9380 level.
After it went once again through the 9430 level. I keep looking for the 9480 level.
Cheers
David
Hi David I was just about to get to USDCHF but you beat me to it. The 0.9380 resistance level you had noted in your post on November 1st acted as support today. Nice example of resistance turned support as you have shown.
The above charts are a few examples of what we have been doing and what we still have yet to get to. Is everybody more or less on track? Please ask if you are confused or unsure.
EURUSD
Wed Nov 07 trading:
For Wed Nov 08, 2012
PWH: 1.3026
PWL: 1.2825
PDH: 1.2881
PDL: 1.2741
2012-11-07_2053 - Cskrishna’s library
EURUSD
Wed Nov 08 trading:
For Wed Nov 09, 2012
PWH: 1.3026
PWL: 1.2825
PDH: 1.2881
PDL: 1.2741
2012-11-08_2007 - Cskrishna’s library
EURUSD
Fri Nov 09 trading:
For Mon Nov 12, 2012
PWH: 1.2881
PWL: 1.2694
PDH: 1.2794
PDL: 1.2694
2012-11-11_1630 - Cskrishna’s library
Good morning,
the USDCHF remained in its uptrend and found resistance @ the estimated 9480 level. (image 1)
If it breaks through this level I am looking for the 9580, 9600 area (image 2)
(image 1)
(image 2)
Have a nice week
David
EURUSD
Fri Nov 11 trading:
For Mon Nov 13, 2012
PWH: 1.2881
PWL: 1.2694
PDH: 1.2742
PDL: 1.2701
2012-11-12_2128 - Cskrishna’s library
Hi guys,
The USDCHF is trading about 15Pips above our 9480 level. I have highlighted three areas of OTE. One of these has the 9480 level just in the middle as possible support and is therefor of special interest to me.
Cheers
David
EURUSD
Mon Nov 12 trading:
For Wed Nov 14, 2012
PWH: 1.2881
PWL: 1.2694
PDH: 1.2732
PDL: 1.2665
2012-11-13_1949 - Cskrishna’s library
Hi all,
Hope everyone is doing well. I just got discharged from hospital and is catching up.
Shaun,
Thanks for the guides so far. I will go through all the things and try to post my overdue homework.
Cheers
Palmy
Hi David
When pulling Fibs I often use last weeks low to last weeks high/current weeks high and vice versa from high to low. I also like to use the main swing points from the 4 hour chart and these swing highs and lows can often span over the space of 3 weeks to a month and sometimes longer. USDCHF saw 0.9500 another key level. I would now make 0.9480 a soft level, it is possible we see OTE to go short at that level so it is worth keeping it on there.
