Registered: Apr 2010
Posts: 574

Hello Traders,

Price finally made a move down from the red fork and found support on one of its related lines WL1. From there we had a buy, which honored the direction of the other green fork.

A new green fork was added using the pivot formed on the WL.

Patience is the key to succeed. Wait and watch the market until you see the entry that you can recognize and trade.

FYI: Overhead resistance in the 1.2300 neighborhood.

Have a good day,

FX4Newbies

themorningafter.jpg
This has been downloaded 74 time(s).

Registered: Apr 2010
Posts: 574

Hello again traders,

Just wanted to drop you a little line before having to head out...price hit the target set. From here anything can happen...a pull back, a sideways move or a push higher (which will need to overcome some resistance). Will check when I return and plan to post before the Asian session.

Safe trading to you all.

target hit!!!.jpg
This has been downloaded 53 time(s).

Registered: Apr 2010
Posts: 574

Hello Traders,

Attached is a chart with my thoughts for now. We'll see how the market goes forward.

Be careful and watchful.

asiansession2.jpg
This has been downloaded 49 time(s).

Registered: Apr 2010
Posts: 574

Chart attached.

asiansession2anotherview.jpg
This has been downloaded 54 time(s).

Registered: Apr 2010
Posts: 574

Hello Traders,

Just a continuation of the earlier chart...what price does in and around the green L-MLH will be pivotal.

Take care,

pointofdecision.jpg
This has been downloaded 51 time(s).

Registered: Apr 2010
Posts: 574

Hello Traders,

Decided to add another fork, a black one as price appears to be having a challenge deciding. The new fork shows a sideways move, with a slightly upward bias...in that case I will be waiting for confirmation of direction.

Be very careful.

asiansession2finetuning.jpg
This has been downloaded 53 time(s).

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