Martinspoon

Martinspoon

Please find the marked trade on the chart to the down side. If the past level of support now turned resistance holds, this may provide a nice move to the downside.

Martinspoon

If the past level of support marked on the chart turns into a resistance level, and hold its ground, the marked trade on the chart may be a good rocker to the down side. Stop is marked by red line, Entry by green line and target by Light Green line.

Martinspoon

Here is a little short trade that has just taken off on the DOW, if the current retracement resistance level hold its ground. Entries are shown as STOP, Red Line, Entry, Green line and TARGET, Dotted Line.

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Here is a little short trade on Brent, if the current retracement resistance holds its ground. Entries are marked as STOP, Red line, Entry Green Line and TARGET, Dotted line.

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Here is a little short trade on CRUDE. Entries are marked as STOP, Red Line, ENTRY, Dark Green line and TARGET, Light Green line. Hoping the current Resistance will hold.

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Price does the same thing over and over again. Just our understanding of this over and over again thing helps us to be better traders. Here is an index that rocks hundreds of pips with each day that comes and can be a joy to trade as it moves in all sessions (European, USA and Asian sessions). It moves. If the previous levels of resistance marked on the chart...

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Please find the the attached Daily chart on the DAX index. Price does the same thing over and over again. It seem to have done it again on the last low shown on the chart. They might go down tomorrow trying to test this low but the closing Bullish Hammer seems to show power has now changed hands from the bears to the bulls. So our attention should now move over...

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The Smiley face on the chart is sitting on a 240 support level. If this support hold its ground, we might end up with a good rocker to the upside. A Buy Stop entry is shown with the green line. Stop is shown by the red line which is the low of the U turn. Price on 15 min has crossed above the trend line. Backside of the trend line being tested. If the test...

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Here is a little trade that may turn out good if the marked levels of previous support and resistance (PSRs) hold out the retracement. Entry is marked by green line, Stop by red line. This Stop can be moved to the low below the trend line once they have tested and failed the back side of the trend line. Target Fib 127.2. Fib 100 is a good place to take profits...

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Hello Traders... Here is another index that is setting up for a bullish move. I have marked on the charts the potential areas of Previous Support and Resistance (PSR) which may provide the required support to the upside. If they hold strong, I will be waiting to get a defined high arising from the current low. I will insert my counter trend line on this high...

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Hello There.... Here is another pair that has revisited an area of previous support and resistance. If history repeats itself, we might be up for a good reward to the upside side. I am now waiting for a high arising out of the current low to place my trend line. If price closes above the trend line without taking out its initiating low, that will be my entry....

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Hello Traders... I am waiting for a possible move to the upside on this pair, given the pending DXY move to the downside. The pair has visited, again, a previous area of support and resistance. On the previous occasions when it did so, price bounced back upwards. If this behaviour repeats itself, then we might end up with this bullish progression. There is...

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Hello Traders... DXY, the USDOLLAR Index, this is the bad boy which causes many traders' mystery. It is very important to know what this index is doing if you are to trade the other six majors. USD-JPY seem to have a mind of its own. If DXY is rising, USD-CAD and USD-CHF will also rise with it and EUR-USD, GBP-USD, AUD-USD and NZD-USD will be falling. The...

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Hello Traders... We might have a trade brewing up here to the upside. I have marked previous areas of support and resistance on the chart that may help give us a sustained move to the upside. There is also a confluence factors with our Fibs showing price has retraced deeply back to Fib 23.6. Note that price took out Fib 100 before it retraced. This could be an...

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Hello Traders... PSR means Previous Support and Resistance. A look on the chart shows that this pair has once again found support within an area where it previously has found some support or resistance. These are marked on the chart with the bull six flags...will colour them green next time!. If this area proves to do what it has always done... forcing price...

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The pair seem to have found some resistance within the area marked with red arrows on the chart, with a Fib 38.2 deep retracement resistance providing a confluence of factors. DXY is struggling to keep going up. If the current resistance holds and they decide not to go and test Fib 23.6, then we have been given a trade where price has closed below our trend...

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The pair has been refusing to give us an entry to the upside. If the support @ Fib 100 on the chart holds and we get a clear candle above the CTL, that could be the entry we have been waiting for. DXY is running out of steam to the upside. STOP will be at the lower of the U turn, under the trend line, entry will be @ the next candle after the one that closes...

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Hello Traders... Lets try this low risk trade that has shown up. DXY is getting exhausted in its retracement. If its current deep retracement resistance holds, it could drag USD-CHF down with it to test the low at Fib 100 shown on the chart. Entry is the green line and STOP red line on the chart where price has crossed down our CTL. I hope this little helps....