Point and Figure for Forex. Any pair.Charts.

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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Mon Mar 14, 2011 4:04 am

*Trade Idea: NZD/USD- Sell (Stop Limit) at 1.7410\40; Target: 1.7100\30; Stop: 1.7480\1.7520.
*I remain bearish on NZD/USD.
*The consequences of the devastating earthquake are still felt in New Zealand. A rate cut to accommodate to the economic weakness will likely drive prices even lower.
=======================
*The NZD/USD has formed a hammer at the 0.7350 level, a key support level for the last several months. Because of this, it looks decidedly bullish for the short-term. It appears that support will end up holding, and as such – we could see more consolidation between this level and 0.7800.
Any break above Thursday’s high. 0.7377 is a buy signal towards as highs at 0.78, and any break below its low at 0.7320 is a sell signal that could lead up down to 0.70 or lower. This pair is at one of those places you like to take longer-term trades since it is such an important area.[dailymarkets]

"P&F NZDUSD10080 Box Size 150X3 or(7.43%) HI/LO
Data 0.8214 - 0.39 ~ 243.32 Month ~ 7406 Day
Database 1059 records 0.74246 (Last Close)
1990-11-25 00~00
2011-03-06 00~00 (GMT+01:00) Paris
BJF Trading Group MDunleavy chart"
Image
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BJF Trading Group. Excel Chart. Full size attached.
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http://iticsoftware.com/postimages2//11M12.html
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http://img29.imageshack.us/img29/636/11m13.pdf
     vvv OR ^^^
A t t a c h m e n t
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Tue Mar 22, 2011 5:37 am

A comparison of algorithms for the three programs.
Indicator puma1, Bull's-Eye Broker and XL ChartPro.

Image

https://docs.google.com/leaf?id=0BxxKzvQ2GlM8MzZmNWI3NjctOWJjNS00ZjczLTgxMzYtZDZjZDBiZmJjOTgz&sort=name&layout=list&num=50
===========================
Look carefully at the English pound!
Trade Idea: GBP\USD - Sell Stop at 1.6259; Target: 1.5961; Stop: 1.6351.
Image
Big Picture full size and Exel chart.
http://img846.imageshack.us/img846/7990/big11m22.png
^^^ Picture; Excel file vvv
https://docs.google.com/leaf?id=0BxxKzvQ2GlM8M2Q5NDRmMTctYmNmMC00OTI3LTlmM2ItOGEyZTA1MjI2YjFm&sort=name&layout=list&num=50
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Sun Mar 27, 2011 12:42 pm

I turn bearish on NZD/CAD.
I'm afraid of a bull trap...NZDCAD=NZDUSD X USDCAD
=========================================
_____The Canadian economy won't release any economic fundamentals before next Wednesday,....
_____NzdUsd pair was able to rise during the last week to cover its previous losses, as the economy expanded ......
[ForexMansion.com]
Learn more ....

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https://docs.google.com/document/pub?id=1cVITjOIRPqY040Qn_lcGsD9GNyxrGbSK5gb5KWOotAQ
^^^ OR vvv
http://img593.imageshack.us/img593/5461/11m26.pdf
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Mon Apr 04, 2011 3:12 pm

I remain bearish on USD/CAD.
Details in this document (GOOGLE DOCS).
~~~>https://docs.google.com/document/pub?id=1uIik0Q8jn9v6jvFRfcSJ2GFGRygn-gRkXV5XbB7Wxfg&pli=1
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Mon Apr 11, 2011 1:08 am

I turn bearish on Usd/Jpy. My Sell position at 84.921 SL 85.68 TP 83.21
Learn more...

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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Mon Apr 18, 2011 2:46 pm

Image
I sold a pound of 1.63026; SL 1.64226; TP 1.60626.
Further comments on the development of the situation will be here.
https://docs.google.com/document/pub?id ... itah23wa3e
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Tue May 03, 2011 3:14 pm

DXY:The market remains under intense pressure with the price dropping to yet another fresh yearly and multi-month low below 73.00 thus far.
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Tue May 17, 2011 8:14 am

The USD/CAD rose this week, but fell short of closing above the all-important 0.97 area. This shows that the area is indeed significant, and could be a massive headwind for USD strength in this pair. Compounding this is the fact that there is a downtrend line that we are currently bumping up against. I remain bearish on USD/CAD.

The Canadian dollar doesn’t rely only on oil, but is more dependent on the US economy, which is gradually improving. In addition, the economy of Canada is doing great, especially with the recent impressing gain in jobs.

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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Mon May 30, 2011 5:42 am

Forex - USD/CHF weekly outlook: May 30 - June 3
Forex Pros – The broadly stronger Swiss franc surged to a record high against the U.S. dollar on Friday, as a combination of concerns over the outlook for U.S. economic growth and euro zone sovereign debt issues weighed on risk sentiment....
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Re: Point and Figure for Forex. Any pair.Charts.

Postby MDunleavy » Wed Jun 08, 2011 4:40 pm

The Euro exchange rate made widespread gains against the majors yesterday, on speculation that officials will contain the sovereign debt crisis and proceed to raise interest rates over the coming month. The single currency reached the highest level in a month versus the U.S Dollar, advancing 0.8% on the day to 1.47. The Dollar was subjected to renewed selling pressure, as global risk appetite improved.
ImageImage
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