FOREX ideas

Hi DWL,

I so missed this trade. Went in long too early in the consolidation area around 14:40 and got stopped out quickly with an ugly -30 pips. Then when it broke free, missed the opportunity as i was trading eurgbp with good results.

Thank you for your charts, much appreciated.

HW07
 
Hi all

I don’t find much interesting ideas for Monday. Most charts are extended and I will look for smaller time frames for setups. Those who know me, they know that I’m not fun of scalp trades, so if there won’t be charts what I like to see I will wait.

EURGBP

After broke up from weekly base e can see fast back up in to the range area. I will follow 60 min consolidation (like to see longer rest period, maybe to 20sma resistance area). Equal move is also daily support area and I will use it for target area. All depend on breakdown pace.

http://ivicacharts.com/diagrams/2008/09152008EURGBP60.jpg

USDCAD

USDCAD idea is even faster. I will follow for 15 min bear flag. It will be classic move-rest-move action. It is uptrend chart on the daily time frame with slightly higher high and strong reversal at Friday. For bigger move I like to see consolidation on the bigger time frame and for now I don’t see it so I will follow 15 min pattern for short possibility.

http://ivicacharts.com/diagrams/2008/09152008USDCAD.jpg

If anyone will have any question feel free to contact me

Good trading!!!
Ivica
 
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