Wednesday, 22 February 2012

GBP/JPY : 23 Feb

 GBP/JPY : 23 Feb

Close Sell GBP/JPY 125.804 
 Profit: 39 pips

AUD/USD : 23 Feb

AUD/USD : 23 Feb
Sell AUD/USD 1.06369 
 
SL:1.06769 
 
TP:1.05569

ACCUMULATION SWING INDEX


Overview
The Accumulation Swing Index is a cumulative total of the Swing Index. The Accumulation Swing Index was developed by Welles Wilder.
Interpretation
Mr. Wilder said, "Somewhere amidst the maze of Open, High, Low and Close prices is a phantom line that is the real market. it closely resembles prices themselves. This allows you to use classic support/resistance analysis on the Index itself. Typical analysis involves looking for breakouts, new highs and lows, and divergences.
Wilder notes the following characteristics of the Accumulation Swing Index:
  • It provides a numerical value that quantifies price swings.
     
  • It defines short-term swing points.
     
  • It cuts through the maze of high, low, and close prices and indicates the real strength and direction of the market.
Example


You can see that the breakouts of the price trendlines labeled "A" and "B" were confirmed by breakouts of the Accumulation Swing Index trendlines labeled "A'" and "B'."
Calculation



Step-by-step instructions on calculating the Swing Index are provided in Wilder's book, New Concepts In Technical Trading Systems.

USD/CHF 22 Feb

 USD/CHF 22 Feb


Rose pair U.S. dollar against the Swiss franc to re-test the resistance level at 0.9135, as expected in a report yesterday This level represents 23.6% Fibonacci correction for the last wave of downward extending (from 0.9300 to 0.9090) and the inability of the husband to penetrate this level,



 which led him to drop again , it is expected to climb again the pair breaking the resistance level of 0.9135 down to 0.9170 resistance level which represents 38.2% Fibonacci correction for the last bearish wave mentioned above with the probability of landing a husband to re-test the support level at 0.9105






 

USD/JPY 22 Feb

 USD/JPY 22 Feb :


As shown in the graph is still a man the U.S. dollar against the Japanese yen while maintaining circulation within the bullish channel,  


as the pair did penetrate to the highest level of resistance of 79.84 in a strong signal a continuation of the movement of ascent to reach a resistance level of 80.54,


GBP/USD 22 Feb

 GBP/USD 22 Feb


Did not continue the pair much higher bottom formed at the support level 1.5819 where the fallen pair in the form of a corrective wave to another bullish trend in the short term,


 continue down until it forms the bottom at the level of support 1.5762 which represents 50% Fibonacci correction level for the direction of the rising short-term (from 1.5644 to 1.5880),

EUR/USD :22 Feb

 EUR/USD  :22 Feb


dollar model technically is urgent and that following the inability to penetrate the key resistance at 1.3295, prompting the pair to fall back down to the level of support 1.3215, 

which represents 23.6% Fibonacci correction for the last bullish wave, which extends (from 1.2975 to 1.3295) and in the case of Skip pair for this level drops down to the level of support 1.3175, 

NZD/USD 22 Feb

 NZD/USD 22 Feb
 
Close(TP) 
 
Sell NZD/USD 0.82913 
Profit: 80 pips

THE FIRST LOSS IS THE BEST LOSS

THE FIRST LOSS IS THE BEST LOSS:
Once you come to the realization that your trade is no good its best to exit immediately. Its never a
 


loser until you get out and Not to worry, itll come back are often said tongue in cheek, by traders in the pit. Once the phrase is stated, it is an




affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.

EARN THE RIGHT TO TRADE BIGGER

EARN THE RIGHT TO TRADE BIGGER. :

Too many new traders think that because they have $25,000 equity in their trading account
that they somehow have the right to trade five or ten e-Mini S&P contracts. 

This cannot be further from the truth. If you cant trade a one lot successfully, what makes you
 


GBP/CHF 22 Feb

 
 
Close(TP) 
Sell GBP/CHF 1.43296 
 Profit: 80 pips

AUD/USD 22Feb

AUD/USD 22Feb
 
Sell AUD/USD 1.06502 
SL:1.07302
 TP:1.05102

GBP/JPY 22 Feb

 GBP/JPY 22 Feb
 
 Sell GBP/JPY 126.204 
 SL:127.004 
TP:124.804
There was an error in this gadget