GBP/USD Day Trading Using Futures Contract 6B
GBP/USD Day Trading 1440min chart
On this chart I add another 50% Ret. of Fibonacci . Right now, we are testing my 2nd Fib. It may be a good call for short trade , buyers who wasn’t able to close above 50MA. I’m looking to see sellers get in market in next hours, and bring GBP/USD price at my 1st red area. witch is the double bottom also on short term.
If sellers can’t keep GBPUSD price under my brown line( 1.527) , I’m looking for buyers to go directly to the 1st Fib. If it happen, Buyers will be exhausted once they reach this level (1st Fib),and it will be a great call for short trade.
AUD/USD Day Trading using Futures Contract 6A
AUD/USD Day Trading Weekly Chart
1.0360, is the price Aussie never close above for few months.
Right now Aussie are looking to make an H&S ( Head and Shoulders pattern). After failing to keep price above 1.0360 , Aussie price start to fall. the second shoulder should be at the same price as 50MA. I’m looking for AUD/USD price bounce at this level.
AUD/USD Day Trading 480min Chart
Here we have an “M” pattern. Right now, we are in a consolidation zone, and even better Aussie price are between MA50 and MA200. Depending if we bound or pass the double bottom of “M” pattern we will get are direction. If we Close under this double bottom, I’m looking to go till my 3rd Short target. This way we will get H&S pattern on weekly chart.
Short: Is what I’m looking for. nothing compicated, for short , just look with how much stengh sellers will pass the double bottom price. Targets: 1.028 – 1.026 – 1.021
Long: If you looking to take this trade, wait till sellers return to the double bottom. If sellers try with lower volume than last time, it can be a very good Long trade. Targets: 1.034 – 1.035 – 1.038
Natural Gas Day Trading, Update on my last post of 04-04-2013
Natural Gas Day Trading
On last trade I was looking Natural Gas hit to my 2nd or 3rd target and then was looking for sellers get in the market or buyers keep moving up.
On this move UP , volume from buyers was great, and look to be committed to keep move up. I don’t see any sellers is why I recommend to wait to see who will take control of 4.15 and 4.0$. area.
50MA: Look like, 50MA are very nice support for buyers on Natural Gas.
I will wait one week till the end of the week to make a new call on Natural Gas.
I use same system to trade any commodity/Stocks/Currency/Index. For those who are interested to take the course, contact us for more information.