Technical Analysis.

[oracle]

i always use fibonacci pivoits which give me 3 resistance and 3 supports for the day period and there some thing important you may account on it if the first candle od the day began above the pivot then the most probably happen is the trend is up and vise verse ( please see the attachment )
today the pivot is 1.25827

s1 1.25551 which become a resistance now

s2 1.2538
s3 1.25105

The trend is supported by ECB buying bond. If the rumur turn to good news expect Eurusd and eurusd to touchthe level of 1.2613! then the pair is brokn the weekly pivot point at 1.2559 and it is trying to test the weekly resistance 1 around 1.2652. if break this strong weekly resistance then it will probably goes towards the second resistance to touch it in the levl of 1.2730. But we should be noted to set a stop loss below the weekly pivot point.

[spread55]

Technical analysis is a method of predicting the price of a financial instrument based on mathematic (not economic) calculations. Another words, unlike in fundamental analysis, economic factors are not taken into the account in technical analysis. At first glance it may look absurd to try and predict the prices without taking into account interest rates, unemployment data, GDP levels, trade balances and so on. But those traders who rely on technical analysis only when buying or selling think that the price itself reflects the economy. They analyse the price movements in the past using various methods and predict what would be the price in the future. The results of such prognosis are usually correct. There are a vast number of theories and methods to analyse them. We use here one example only to illustrate that.

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[oracle]

such a wonderful thread .,. l must thank you oracle . lt seems to me you are an experienced trder . l would love to follow your thread since l am a great lover of the indicator fibonacci . please keep posting about fibonacci more with picture . thanks in advznce .,.

Welcome yes as everyone knows that the fibonnaci is a good tools to retrace on chart to determine supports and resistance, and here is an example for the fibonacci retracement.

Always we drag our fibonacci from the high to the lowest. Then we get a good level at 50% of fibonacci retrecement (= (high + low ) / 2)). We can confirm our trend if it is above 50% then the market is stil calling for a bullihs , else if then it is bearihs market when it is below the 50% of fibonacci retracement.

---------- Post added at 12:28 AM ---------- Previous post was at 12:24 AM ----------

I would love to try your analysis, so waiting for your next post. If your analysis is correct then we will follow your analysis daily. i hope you give us good signal.

Welcome bro;
AUDUSD signal for the week September 4 - 7; 2012;
Gab open at 1.0285 and the resistance set at 1.0300 then a good signal to sell below 1.0300.
taking profit in a bearish period towards 1.0200 then 1.0150.
Stop loss above the resistance, then we can set our stop loss at 1.0350.

[nazmul07npk]

I would love to try your analysis, so waiting for your next post. If your analysis is correct then we will follow your analysis daily. i hope you give us good signal.

[muthana]

such a wonderful thread .,. l must thank you oracle . lt seems to me you are an experienced trder . l would love to follow your thread since l am a great lover of the indicator fibonacci . please keep posting about fibonacci more with picture . thanks in advznce .,.

[oracle]

eurusd is in complicated position.without technical and fundamental analysis it is very risky to go on market.

Eurusd's pair is going to go upward for September 03; 2012. we did retrace our fibonacci from the high (1.2637) to the low (1.2465) of last week then we have gotten a stong weekly support at the level of 1.2558, therefore we can long buying above this strong weekly pivot point at 1.2558 with target of 1.2590, and then go towards the first resistance 1.2650 and we should set stop loss below the pivot point. In case of break it then the trend will indicate for a bearish market.

---------- Post added at 08:05 PM ---------- Previous post was at 07:50 PM ----------

I can't agree with this. Technical analyse is not a major factor in forex. A trader called Dan Zanger earned 42 million $ in 23 months with initial capital 10 000$ just by trading triangle pattern. Why he earned so much money? it is simple- because of great money managment rules. This is a major factor in forex in my opinion.

Yes I agree, the money mangement is one of methode of risk managemnt that maximizes the chances of success. Then if you respect your money managment tarding you are going for sure to don't lose you money easily. As I see the rule to get a good profit is: EARN = (5/2 times loss). f.e. if my Stop loss is 100pips then Taking profit = Stop loss * 5/2 = 250 pips. But we have to respect it aswell.

[jimloveski]

Technical analysis is a major factor of the forex market,there is no another way to avoid technice in this market,forex market needs two key pathway,number one is knowledge and number two technology dependent software.

I can't agree with this. Technical analyse is not a major factor in forex. A trader called Dan Zanger earned 42 million $ in 23 months with initial capital 10 000$ just by trading triangle pattern. Why he earned so much money? it is simple- because of great money managment rules. This is a major factor in forex in my opinion.

[mike87]

trading with technical analysis, it is easier to be learned in the appeal of trading with news, technical analysis usually comes at the previous price history, so that we can predict the future price predictions

[abokhaledelmasry]

Technical analysis has become portal for anyone who wants to enter the world stock market and investing successfully bourse, increased interest in technical analysis because it is based on analysis on the study and analysis of humans and their behavior within markets Almalaho decisions sale and purchase in the past and that the statement predict what will make decisions in the future.

[tareen63]

eurusd is in complicated position.without technical and fundamental analysis it is very risky to go on market.