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ha-pattern replies to: Pattern’s Chemo-Electric Trading Journal

admin — Sun, 20 May 2012 06:58:01 +0000

{last chart in series}
Price dropped in several halting horizontal levels, after undecided at the big box’s (see price’s line, a few charts more):

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FF Forum: Trading Journals

GBP/JPY Weekly Outlook

admin — Sun, 20 May 2012 06:20:05 +0000

GBP/JPY dived to as low as 124.64 last week and there is no sign of bottoming yet. Initial bias remains on the downside this week and current fall from 133.48 should target 61.8% retracement of 116.83 to 133.48 at 123.19 next. Sustained break there will target a test on 116.83/117.29
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alterchristo replies to: B.S. Trading with Kenneth Lee

admin — Sun, 20 May 2012 04:12:36 +0000

very very make sense.
great explaination rufus.
and that chart, the market open session is also great indicator for us. the logic is the stacking orders in the active markets are greather than others.
If i’m not mistaken.

FF Forum: Trading Journals

USD/CAD Weekly Outlook

admin — Sun, 20 May 2012 03:34:39 +0000

Last week’s strong rally in USD/CAD confirmed that consolidation pattern from 1.0656 is finished with three waves down to 0.9799. Near term outlook will now stay bullish as long as 1.0063 support holds, even in case of retreat. Current rally from 0.9799 is expected to extend to 1.0522/0656 resistance zone next.
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UK: Demand for class action over bank mis-selling

Sun, 20 May 2012 03:28:01 +0000

Responding to a call from opposition ministers for the Government to do more to help the affected businesses, Mark Hoban, the Financial Secretary to the Treasury, said consultations were under way on a range of proposals that could make it easier for mis-selling victims to bring legal challenges…

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Forex Weekly Outlook May 21-25

Sun, 20 May 2012 02:33:34 +0000

The US dollar had a blockbuster week, breaking ground against all currencies apart from from the other safe haven: the yen, as euro-zone issues became more severe. In addition to the ongoing troubles in the euro-zone, US housing data, Japans rate decision and US unemployment claims are the major…
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ha-pattern replies to: Pattern’s Chemo-Electric Trading Journal

admin — Sun, 20 May 2012 01:27:08 +0000

this is the centered anchor pattern:

I did a return trade on this.
Why price got so hung up on the blue vertical run on the upper mid-left of the chart above,
I can only guess. It’s interesting that price did pay attention
so much to my centered anchor pattern and that vertical run, tho.

green li…

FF Forum: Trading Journals

US Week Ahead: Existing Home Sales, Durable Orders, Consumer Sent

Sun, 20 May 2012 01:21:03 +0000

Housing data and durable goods orders will fill out an otherwise light week ahead of the U.S. holiday weekend.

Next week’s home sales data are expected to show no real progress on the housing front. These include April existing home sales, to be released Tuesday at 10:00 a.m. ET, and April new…
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AUD/USD Weekly Outlook

admin — Sun, 20 May 2012 00:49:13 +0000

AUD/USD’s decline extended further last week as expected and reached as low as 0.9794 so far. Initial bias remains on the downside this week for 0.9663 support first, then 161.8% projection of 1.0852 to 1.0225 from 1.0473 at 0.9459. On the upside, above 0.9957 minor resistance will turn bias neutral
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Loonie the first to hike?

Sat, 19 May 2012 23:13:54 +0000

Canada looks like a safe bet to be the first amongst the G8 members to hike rates. Last months inflation figures were a tad stronger than expected, topping Governor Carneys +2% inflation target. Despite the small breach, no CBank in this stuttering economic environment would be rushing to raise…

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