Recent content by kardoesie

DAILY ANALYSIS DAILY ANALYSIS See full analysis at: DAILY ANALYSIS « TECHNO4X – GBPUSD traded the fifo and "no-hedging" way. Consider placing a sell order at 1.6456 with stop at 1.6681. This recommendation is valid until tomorrow evening at 5pmEST. Thank you for your patience these...

DAILY ANALYSIS (65.6pip profit) Cable’s two head and shoulder patterns are still check-mating each other. First trade this week tested the blue head and shoulder neckline (refer to bottom white arrow) and our trade we closed profitably today is testing the yellow upside down head and shoulder...

DAILY ANALYSIS (107pip profit) Our sell recommendation panned out and gave a profit of approx. 107pips (we took profits at the metallic blue neckline of the metallic blue head and shoulder pattern). This afternoon the daily candle, completed what we call a bullish flip flop giving a buy...

DAILY ANALYSIS (116pip profit) Cable has presented a very interesting scenario. By the end of this past week, it had completed an upside down head and shoulder pattern (refer to yellow eclipses and yellow neckline) that is check mating the previous head and shoulder (refer to metallic blue...

ANALYSIS (158.40pip profit for the week) I’ve marked the head and shoulder again with blue ellipses and the neckline with black trend line and I’ve also marked the major major resistance area that the market stopped at last week (refer to horizontal red line) and I’ve marked the major major...

DAILY ANALYSIS (18.8pip profit) Today’s candle closed into resistance zone and also closed above yesterday’s high which is very bullish. However, we’re still in the resistance zone, so we have no guarantee that she’s going to go on. What’s the verdict? Read full analysis at: DAILY...

DAILY ANALYSIS (26.5pip profit) Cable finally broke out of its sideways rectangle with a healthy tall blue candle (refer to highlighted candle). This is very bullish. However, it is Friday tomorrow and we have resistance (target area) pretty close up ahead so it would behoove us not to be...

DAILY ANALYSIS Friday ended with a huge bearish engulfing candle (closing below two blue candles); however, Cable still hasn’t been able to break through critical resistance or critical support. Since she’s been in there so long, it is probably wise to wait for a close above critical...

DAILY ANALYSIS R1 has moved to 1.59743. As long as this area holds, bias is still slightly bearish although we’re getting more and more sideways bound everyday. Critical support and resistance still holds market captive. What’s the verdict? READ FULL ANALYSIS AT: DAILY ANALYSIS «...

DAILY ANALYSIS Nothing has changed for 5 days now. China is celebrating their New Year and their banks have been closed and it’s interesting to note that the market has gone nowhere with their banks closed (makes you wonder!!!!). Anyhow, R1 has moved to 1.60504. That’s the only change. Please...

DAILY ANALYSIS Still no change to the overall picture. Market still going sideways with bearish bias. Bulls tried to bust through yesterday’s R1 area, but were unsuccessful and market was pulled back below it. R1 has now moved to 1.60262. White highlighted area represents the area that has...

DAILY ANALYSIS (23.50pip profit) Cable is trapped between previous critical support that has now become resistance at 1.6100 area (horizontal red line) and support hurdle at 1.5800 area (horizontal yellow lines). We got a bounce off of 1.5800 at 1 and 2 and a bounce off of 1.6100 at 3...

DAILY ANALYSIS Cable has ended the day with a small red candle. This gives a little more power to the shooting star mentioned in yesterday’s analysis and therefore to the bears. However, eventhough the bias is bearish, it has a sideways flavor to it. If we’re dealing with a change of...

DAILY ANALYSIS Cable bulls reached for the neckline today but were stopped by previous critical support (marked with red horizontal line) first mentioned in the daily analysis of Sept 21 and highlighted here in green (marked A). This support has now potentially become resistance with the...

DAILY ANALYSIS Cable ended the day with the completion of a possible piercing pattern (refer to yellow highlighted pattern marked #3?) which could be bullish. However, we need a daily close above R1 (which has been adjusted to 1.5992) as confirmation that we are dealing with a piercing...