Technical Analysis.

[dostofx]

hy master im newby ..pless respect for me?

[rock]

Its very important to go for the trading with the technical analysis also we have to trade here with the patience and news is important.If we go for the trading with the indicators then it will be best.

[songkok]

Technical Analysis and Trading Recommendations
EUR/GBP
June 29, 2011.

Expertise: Technical Analysis
Average Time Frame of Trades: 1 days to 3 days.



Pivot Point: 0.8965

The EUR/GBP has rebounded from a strong Resistence at 0.9020 (in May 5, 2011 at 08:00 GMT+2), it is now approaching its resistance around the spot between 0.8990 and 0.9040, it will probably start downside movement at this area and recovery again. Moreover the RSI calls for a new whole decline. Therefore it should ask for a high price to sell at this spot with a first target of 0.8940 and continue towards 0.8875 On other hand if a break in 0.9125 will be a good location for placing stop loss


Recommendations:

Short Selling at 0.9000 / 0.9040
Take Profit at 0.8880
Stop Loss at 0.9115

Technical Levels:

R3 0.9063
R2 0.9024
R1 0.9004
PP 0.8965
S1 0.8945
S2 0.8906
S3 0.8886

Sir what is the purpose of the red line (from top to bottom skew) in the RSI indicator? can you explain a bit and if there is such a reaction to the market now? what the return to trend or even sideways!?? thanks you so much

[kuttus]

There are traders that make use of fundamental analysis and complain that technical is not easy. I have come to understand that it depends on the individuals. If you know the analysis you understand most, make use of it for maximum profit.

Hello my friend I am not blaming any one I am just saying that Fundamental analysis is more better than technical analysis I also use technical analysis make profit with it but when I start using fundamental analysis then I fell it is lots accurate

[rajib]

Abreakout strategy that looks to go long when a currency pair breaks above .its 24 hour trading range ,short on a break below .unlike a raw channel breakout strategy .however ,breakout 2 uses an ssi trend filter to confirm whether or not price is likely .

[kuttus]

History repeat itself, thats true and thats the principle behind tehnical analysis. I use technical analysis more than fundamental or sentimental analysis because it is easier, it makes use of charts. But i later discovered that if you combine all other analysis you will achieve a great result.

Yes that's true Fundamental analysis is more tougher then the technical analysis I also use more technical anlysis then the fundamental analysis because much more easier but combine effect is the best.

[fanesa G]

Thats really true the basic of technical analysis are use previous market price data to analyze where price will move in the future, this technical analysis are exist because of idiom thats history repeat itself so do with price in the forex market.

[fxlover]

you strategy is too valuable. first time i familiar with your strategy and this is new for me. i try this strategy in my demo account. i personally used the bollinger with moving average for technical analysis. support and resistance level also consider during my trade.

[anoha]

Good topic, and will benefit many members Balnsphly .. I love very classical analysis and dependence on subsidies in trade and resistors, and I love the trend also strip the scalp, but this needs to be some indicators only. Thank you and I hope let us know

[wavestraders]

market always moved base on technical and not by news , i always use technical to analyse the market movement especially usingthe elliot wave on the daily cchart