equidistant channel Archive
14 May 2013
Why AUDUSD is the star trade and how we spotted it’s weakness
Planning trade at higher time frames I like to look at big picture, especially daily, weekly, monthly chart for planning. Once I set my mind on the levels and directions, I will stick to it. First talked about AUDUSD one month ago in twitter. $audusd weekly chart big picture planning twitpic.com/cji1bo — TerraSeeds FX Tflow®
17 Apr 2013
Search interest in Gold Price surges as spot price falls to 2-year low
Surging interest in ‘Gold Price’ It is amazing what technology can show us these days. And thanks to Google, I am pointing the Google Trends function to none other than what people think about Gold Price after the plunge these three days. Fact #1 There is a spike in interest coinciding with the recent price
24 Feb 2013
Forex traders to decide EURGBP trend at resistance confluence
EURGBP trend under test as it meets resistance confluence EURGBP met a confluence of resistance in the weekly chart. This chart shows the big picture and is significant to traders taking a longer term multi-year view. Price action in the next 2 weeks could determine direction of EURGBP trend. Short term forex traders may see
18 Feb 2013
Unlucky 13 as EURJPY violates equidistant channel
Recall last week I said asked “Will these two levels leave the EURJPY range-bound in the coming weeks and/or months?” Price traded within this range in Week 07. Tflow® bulls entering on the lower time frame on Monday reached a maximum of 300 pips upon reaching the high of Week 05 (Green horizontal line) the
12 Feb 2013
Equidistant channel continues to dictate EURJPY pair
Price resisted by equidistant channel as it goes into 12th week Bears will bring price into the equidistant channel once again. Tflow® bears who appreciated the resistance from the black horizontal line would have received a 242-pip ang pow upon reaching the 3rd target price. Remaining Tflow® bears holding out for a bigger windfall during
06 Feb 2013
Can anyone stop the EURJPY bulls?
EURJPY continues its rally; 2011 high penetrated Last week I wrote: “Price has cleared many zones of resistance but the ultimate test beckons: the high of 2011” Well it looks like that 2011 high was no resistance at all. 82DH9YS8JDYA Tflow® bears who got in on Tuesday pocketed 203 pips shortly thereafter upon reaching the 1st
29 Jan 2013
EURJPY Bulls continue rampage
On the EURJPY weekly chart, the bullish candles continue to dominate the end of 2012 and start of 2013. Price has cleared many zones of resistance but the ultimate test beckons: the high of 2011 (Purple horizontal line). Going down to the 4-hourly chart, price behaviour in Week 04 mirrored the established pattern set out
28 Jan 2013
EURUSD hits high after rally; some retracement in near future
EURUSD continues uptrend by making new high. An upward equidistant channel is clearly printed. However some retracement is likely since it has reached a strong resistance overhead
21 Jan 2013
NZDUSD reversal setup remains; support crucial test
In my previous post on a possible reversal setup for NZDUSD, price in week 3 was unable to break the key support levels as indicated the day chart below. Hence price remained range bound in a tight 100 pip range throughout week three. Traders following short term momentum may see support For further downward price
14 Jan 2013
NZDUSD meets conditions for reversal trade
A person making a reversal trade has an opinion: that the trend is going to reverse. There is a high level of risk because a failed reversal is essentially a counter-trend trade. Reversal trade has to meet several important criteria For a good reversal trade setup, the price level should be at a daily or
