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Forex Trendy A Forex Trend detection Software !!!

Today I decided to add one more tool to what we are doing. As you know to make decision, a quick decision & then confirming with your...

Sunday, September 23, 2012

September Last Week Trading Setup ForextradinginIndiaIndia

GBP/USD    ~  200 pips move
Weekly Rejection to previous tops Pin Bar formation- looks like strong Bearish here onward
Monthly - Ranging with in a triangle, looks like bullish move will continue to test the upper trade line
Daily - Could Not succeed to maintain the previous bullish trend - Last week was consolidation and here onward we can expect retrace for at least 1.6000

EUR/USD   1st target ~200 pips next target ~ 340 pips
Weekly -  Inside Bar => Bearish Harami
Monthly - Couldn't maintain the bullish trend - it may be retrace move
Daily - retrace move continuation to touch the 61% of the daily uptrend .. lets see how it goes??

USD indices    ~80pips , ~200pips
- Expected to go bullish - retrace move to touch the uptrend line

GBP/JPY    1st target is very near - will touch to ascending triangle breakout and then go up. RR will be 1:1
Weekly - Doji
Monthly - Bullish - this may be temporary retrace move
Daily - Bearish pin bar - With in a range need to look into it
H4 - AB = CD formation is going to be happen - 

Daily Bearish Pin Bar
Weekly - Channel - Down Trend. still maintains the bullish - while trading daily for bearish move, put the reverse buy order.
Monthly - with in a range - down trend slow

   Wait for Monday's Candle formation and enter 
Weekly Two candle reversal - Bearish Engulfing
Daily -Bullish Pin Bar -- Looks like Previous retrace has taken place and here onward it will move bullish
Monthly - Couldn't succeed to go bullish to previous hight -

-Weekly - looks like reversal

This week was good for me -- I was in a mood to feel the 10% gain & don't take any further risks :) As for me monthly target is achieved
Daily Trades:

IntraDay Trades

------------- Coming week Planned to trade Intra Trades on the same account (Daily ) as moving to real account I am going to maintain only one account for trading purpose.

Best Wishes to You All ... EnjoYYYYYYYYYYYYYY
-- Avinash

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