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Astrofx

EUR/USD 61.8% FIB retracement. EUR/USD - the last post Didn't do so well, Stop was hit however the EUR/USD is now resting on the FIB 61.8% There is a huge potential for the pair to rally up towards 1.1000 + beyond.. Self-Control Assessment: A self-control assessment is something that you are required to carry out before each analytical decision and trade execution that you make. Your success and longevity within the market will be determined by your ability to keep a centred and clear mind before executing a trade. More often than not, when a trader does make a mistake, they will be aware of this error and they will also understand that the aftermath of suffering was indeed self-inflicted. These mistakes include: High Volume Size Moving Stop losses Entering far too many trades at once You and only you are only in control of your actions within the market. Along your trading journey you will certainly meet your inner demons, despite this it is a great journey of self-development and discipline. This enticement may lead you into entering each setup that displays itself to you, however this must be fought with good discipline. In a business such as forex, only those individuals who exercise self-control shall be rewarded with positive and consistent trading results over a period of time. In order to achieve this it is crucial that you are aware of the various scenarios you may be presented with, as well as recognising when it is appropriate to enter a trade and when you should take a seat on the back bench. In actual fact around 60% of the time, the market may not even provide you with a solid, high probability trade setup. Professional mentoring, higher timeframe analysis and the art of ‘trend trading’ is the utmost logical and stress free method in taking advantage of the market momentum. Once you are proficient in reading and analysing price action you will be skilled in recognising the indecisive stages lasting for days, weeks or even months, which are the periods when you should take a break and divert your attention to other currency pairs. Sit back and be honest with yourself. Are you truly ready? Is your trading system tested and full proof? Have you banked a consistent amount of pips over a considerable period of time, or are you diving in the deep end in the hopes that you will survive? If it is the latter then you are not ready my friend, abort mission! In the realm of forex a demo trading account is an excellent starting point before you begin to trade your hard earned cash right away. These accounts are accessible to any individual via an online brokerage platform, which are usually delivered through a free downloadable software known as ‘Metatrader 4’. If you cast your mind back to Kindergarten you will remember that for your analysis you should make use of a professional analysis platform that is separate from Metatrader. You should only the broker platform to execute your trades, as brokers can manipulate the market behind the scenes! A demo account is suitable for newbie traders as it provides you with the ample opportunity to harness your trading skills and market confidence, all the whilst familiarising yourself with the methods of trade execution. This opportunity should not be taken for granted, as it offers essential practice in bringing together your price action techniques. To begin with you will want to ask yourself the following questions: Have I treated my demo as I would by own money? Am I aware of the strategies that enhance my performance the most? Am I ready to risk my own capital? Have I traded a demo account long enough? If yes, have I focused on the pips and percentage wins and losses?
Long
by EzraCapital
2
FORECASTING PRICE USING ASTROCYCLESIn oder to forecast future cycles, the most important thing is to begin right, for if we have the right beginning, we will get the right ending. If we know the cause of the effect there can be no doubt predicting future event of effect. WD.GANN. So far, according to studies of Jeanne long, The silver has repetitive price patterns when the Venus and Jupiter forms multiple aspects 30 degrees. I am working more on these on Cash charts ( FX). I will keep it updated. Thanks.
FX:XAGUSD
by Trader-Mick
10
EUR/USD TARGET ACHIEVED 1.2040!Very glad to say my euro target has been achieved (1.2040) as you may have noticed, I changed my profile name to EverythingFx as i am nearly done with my new trading venture which will be released around the 20th january 2014! I still own AstroFxc LTD. with my business partner but have been invited to be a major analyst on this new website with a few others! Stay tuned there will be a lot of quality analysis on the way and I hope you enjoyed my trade setups an market viewpoints so far! great start to 2015...
by EzraCapital
8
GBP/AUD WEEKLY-DAILY 2.0500 TECHNICAL TARGET PROJECTION As a 95% purely technical analyst, a strong belief of 'proper technicals paint a vivid picture in the FX market' is one that has been integrated over the time of extensive self studies in order to perfect and predict the next market movement.. Another strong market philosophy is the implementation of multiple confluences (mainly target confluences). By utilising the laws of Price Action, the traders thought processes can now be aligned with the markets medium-long term potential profit taking zones, however this is only a fragment of market analytical success as the data from ALL timeframes need to be crunched in order for the Risk-Reward ratio to make SENSE for the longevity of your profitability. The technical artwork displayed on the Daily GBP/AUD is self explanatory... the FIRST factor which is very evident is the higher highs and higher lows. The weekly Fibonacci point A does indeed go quite some time back (lows of April 2013 ...with FIB B snapped onto the highs of jan 2014.. FIB C weekly Retracement was confirmed at 1.7388... and there is now a 85-90% chance that -27% FIB D Extension (orange horizontal line) 2.0500 ALTHOUGH...the bias is BULLISH and a target zone has been established, this pair can still perform pullbacks before breaking and closing above 1.9175..this could go hand in hand with my AUD/USD analysis...slight pullback on both pairs before resuming the Weekly/Daily trend. Target confluences: -Flag Pole extension -Range height alignment with historical key levels -Fibonacci D extension (weekly) -2574 PIP up move expected from FIB weekly C Retracement (1.7388) Use this overall analytical projection in line with your current trading knowledge and initiative... enjoy :D
Long
by EzraCapital
9
AUD/USD DAILY BEARISH FIB FULFILMENT AUD/USD DAILY DAILY BEARISH A,B,C,D, FIB HAS RECENTLY BEEN FULFILLED. BOUNCE TO THE UPSIDE EXPECTED TO FORM A NEW LOWER HIGH BEFORE FALLING TO THE WEEKLY OVERALL FIB 2 TARGET. FRIDAY THE 19TH DECEMBER DAILY CANDLE CLOSE NEARLY SCRAPED A BULLISH ENGULFING BUT NOTHING SUBSTANTIAL IN TERMS OF BULLISH MOMENTUM. DUE TO FULFILLING THE DAILY FIB D EXTENSION AT 0.8140 WE COULD POSSIBLY SEE A SMALL BOUNCE TO THE UPSIDE...MAYBE EVEN TO CREATE A NEW LOWER SWING HIGH, MAYBE A 4TH T.L BOUNCE BEFORE RESUMING THE OVERALL DOWNTREND AND REACHING THE 0.7750-90 WEEKLY FIBONACCI EXTENSION 2 OVERALL THE LONGER TIMEFRAMES FOR AUSSIE ARE POINTING SOUTH AS WE ALSO HAD A STRONG MONTHLY KUMO BREAK FOR NOVEMBER CLOSE... WILL BE CHECKING BACK ON THIS PAIR THE 5TH OF JANUARY.
Short
by EzraCapital
6
GBP/USD BEARISH A,B,C,D pattern in play. P.AAgain been monitoring GBPUSD since i called the reversal at 1.7000 (on my Youtube channel) Broken Daily ascending Trendline and fulfilled both targets (point 1+ point 2 of trend line) attached FIB from the significant high to the morning star formation around 1.6100 to form FIB B.. Seen a slight retracement due to the scotland vote back in september which was a volatile manipulative move before crushing buyers and simply fulfilling a technical FIB retracement level (38.2%) was easy to zoom into lower timeframes to get a refined viewpoint of P.A and multiple Counter Trendlines could have been attached in order to give great entry confluences to the downside with targets being located around -27% D FIB extension (first of all) We broke that D FIB alone with a false bull break and whipsaw of the daily Descending T.L around 1.5734... Now expecting this pair to crash down to 1.5300-1.5350... a break here will most deffo lead to 1.5000 + 1.4900 (2013 weekly double bottom lows)
Short
by EzraCapital
2