Key Levels for week 14 Feb 2011

Here are the pairs and the key levels that I’ll be watching for the coming week. These are basically support and resistance levels. Since I am mostly trading off 4-hour charts, I am only posting charts of this time frame here.

Have a great trading week ahead!

[tab: GOLD]

GOLD Key levels

[tab: AUDUSD]

AUDUSD Key Levels

[tab: EURGBP]

EURGBP Key Levels

[tab: EURUSD]

EURUSD Key Levels

[tab: GBPUSD]

GBPUSD Key levels

[tab: NZDUSD]

NZDUSD Key Levels

[tab: USDCAD]

USDCAD Key Levels

[tab: USDCHF]

USDCHF Key Levels

Key Levels to watch Week 07 Feb 2011

I am testing a new idea, so for limited time, I am posting key levels of some major pairs that I am trading frequently. These are basically support and resistance levels. If any of my 12 readers finds these to be useful, shoot me a comment, we’ll see what we can do with these.

I am trading mainly off 4-hour chart, so only 4-hr charts are posted here.

[tab:  EURUSD]

[tab: GBPUSD]

[tab: AUDUSD]

[tab: NZDUSD]

[tab: USDCHF]

[tab: USDJPY]

[tab: GBPJPY]

$USDCHF 29 Nov 2010

Here is the USDCHF. From technical point of view, it is forming a almost perfect harmonic pattern. Every point hits the target. Well, this doesn’t mean the pattern will work out. However, pattern recognition trading is about providing you a road map, or a window for you (well, at least, for me) to enter the market.

Have a closer look at USDCHF, we are approaching reversal zone, and I see confluence of resistance and Fib levels. Bearish harmonic formation might be signaling the continuation of down trend. Well, let’s see.

Here is the chart to …CONFUSE you.

$USDCHF Bearish Harmonic setup

$USDCHF 26 Oct 2010

Here is the Swissy chart that I am looking at. I would like to see some price rejections in this zone before establishing short position. Notice the ABCD formation is completed in the resistance zone as well.

Just look at the chart, I am too lazy to write lately. It is really not difficult to recognize a pattern. The key is to manage the trade after recognizing the pattern. We can always have the same patterns/setups, but different set of trading result.

Here is the CHART!

$USDCHF 240min

Trade of the day 3-June-2010: $USDCHF Long

Here is the trade I would like to share today. After observing USDCHF hanging around yesterday’s low throughout Asian session, and ‘seemingly’ forming short term bottom. I thought it was worth trying out a long trade. I went long $USDCHF. 2 profit targets was achieved and trailing stop was, unfortunately, triggered.

Here is the chart.

Chart of the moment $USDCHF 10-DEC-2009

Here is the chart I am watching closely. Is it going to break down soon? What do you think?  Anyway, beware of a series of SNB announcements scheduled this week.