Morning Coffee Studies
Page 1 of 842 12 LastLast
Results 1 to 10 of 16

Thread: Morning Coffee Studies

  1. #1
    I'm starting this for a spot to keep all my daily ideas, not to post transactions. Every morning I look on the charts for what I believe are the possible combat lines for price so to speak, areas to interest,and a reason for trading that day. They may be of some use to others .

    Enjoy,

    a

  2. #2
    I concur, supports don't carry much weight in a free fall. Just keep selling it as long as it is falling.

  3. #3
    Call it what you need, either we are in a correction to your Euro, or within a new down trend for your dollar, but what affirms the first view is that the breaking of the last support/resistance turn level. This had been the 5280 range bottom.

    In an uptrend the focus is on increasing support amounts (higher lows), conversely a down trend look for lower drops, when the previous degree is broken we can begin looking for a reversal. Take notice that many distinct types of consolidation patterns will fail to make new ground in the direction of this trend, no matter how the supporting/resisting foundation will continue to build in the trend direction and finally continue, this provides into the rule of thumb the corrective patterns divide in the direction they entered.

    It's a simple concept, and is constructed into several systems and methodologies.

  4. #4
    Reversals happen in one of twos manners, either failure or non failure of the move. And result in a reversal trend (price doing a 180) or reversal consolidation range ( in here we loe our triangles, flags, pennants, ect...) all are traded distinct. But the factor is price breaking the last turn, until this happens price is still in vogue.

    The basic Sample of failure/non-failures are revealed.

    Just laying the foundation, for the charts that will accompany, it's important to see price action as either impulsive or ranging and what is the management of price for the timeframe we are trading as it's going to be the basis for setups.

    More to come when time allows


  5. #5
    Looking back at the Euro, at the moment, how far up does the Euro need to retrace to resume the uptrend in this current time frame?

    For the foundation to form the urge wave will probably stall, a retrace will happen then a retest of the base. From here it will fail, or continue with a turn stage that is lower. But almost all moves are retested, giving us the 123's doubles triples, and these but its that back side turn that has to break to give us the sign.

    To be aware the break is not the trade, more it's the next correction of the break that's the entrance. Will get into that later if we see a set up on the charts.

    Great weekend.

  6. #6
    Without a doubt we will have substantial buying interest at the following support level in 1.4955 area. However, given that the downward momentum we now have, that level could be readily deciphered after the first rebound.

  7. #7
    Looks like a small base has shaped ( shadowed in grey ) for a retracement. Seeking to buy Euro from just above the top to midpoint of the foundation. Targeting the larger prior broken anger bottom (retest) around 5280, a few profit could be obtained at the 5150.

    Notice when trading contrary to the move in retracements, reduce size and watch for indiions of the trend returning, trail your own position. Once in profit do not let that commerce turn into reduction.

  8. #8
    Auxesis,
    Incidentally I purchased euro in the same amount as on your chart yesterday according to my analysis which was be like yours, and needed to close it for loss of 15 pips when it showed no regard to that service. I was quick to join the bear camp afterwards in the US session. Watch out now, a sharp dip in EU and GU. I am betting the US men will restart the downtrend as before.
    Look forward for the analysis.

  9. #9
    We have been in a consolidation part this week, with a false fracture to the topside this morning plus a sharp continuation of the Dollar trend today but not much follow through so far ending the NY session. Together with the Euro zone out tomorrow, this might be back in range till Monday.

    Look to sell the retrace/retest of the broken triangle. Price breaking out the very best again ought to be regarded as signs of Euro power an the awaited retrace of last weeks dip, but as we have observed, there is bigger players at high beating levels, in order always trade carefully the market might be thin until next week.

  10. #10
    We got that tug back to finish off the south move. Rather price made a heer top and it's easy to see price now making higher highs / higher lows.

    Looking to go long back from a different pull back in the Asian/London sessions.

    Price needs to Remain above the 4750 and interior station for the better appearance. Search for friday to finish off the week north. Price dropping below 4670 and it is more consolidation or the south move is back on again. Below 4750 and above 4670 caution should be exercised, look for smaller charts to flip before leaping on north.

    fwiw,

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.