Welcome to fenaghfx

This blog is not for specific trades,but to share my experience and what I have learned over the last few years, Trading involves significant risk and may not be suitable for all investors.

About Me

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I have been trading since 2008 in the fx market, trading mainly eur/usd my approach is technical,using support/ resistance .But always keeping one eye on the news

Tuesday, December 20, 2011


In the new year I will start posting my charts on my blog as I have done in the past all the best for 2012 Dave

Wednesday, September 14, 2011

15 min chart

Looks like 3730 area acted as a consolidation area as mentioned on Sunday, so far no short squeeze yet but I,m guessing stops could build behind line if it keeps getting tested in a range at moment . S2 for week looks like good support but would be third visit so must have weakened on last visit . All the best for week Dave .Remember Any Thing Can Happen At Any Time, Mark Douglas quote .

Tuesday, September 13, 2011

Hockey stick entry example

Here is a lovely example of a Hockey Stick entry that started on the 12 of September and carried over into the following day, the range broke at the end of the London open ,setting up the trade for the next visit at 19.00 and 9, but now I think the well could be dry ,take a look at the other example for how I look at the reasons for this setup .Dave Good luck and tight stops .

Monday, September 12, 2011

daily chart 12 sep

S2 held on first attempt I,ve added a new fib level after watching, 50 pips webinar good luck and tight stops Dave.

Sunday, September 11, 2011

The Week Ahead 11 Sep

Hello traders was away last week, got
back too see the euro getting a thrashing at the end of the week .The market was screaming sell. I did take a few short scalps for a few pips profit on Friday will the sell off continue ??my charts on the daily time frame show it at channel support and a big fib level at 3662 from the low2873 to the high at 4938 for my S1. S2 at 3500 area. S3 at 3280 .S4 at 2872, too the topside possible consolidation at
3730 R1 at3926 R2 4120 with the 50% fib back at 4087 R3 at 4290 area long tails with a trend line break all the best for week Dave .Remember Anything Can Happen At Any time Mark Douglas quote

Sunday, August 28, 2011

The Week Ahead 28 Aug

Hello traders , areas I will be looking at this week are R1 4530, R2 4577, R3 4641,R4 4700

S1 4330, S2 4262, S3 4120, S4 4055 . On the big picture the 61% fib level at 4517 and the 78%level at 4702 look very interesting yet again the the top trendlines are not being respected, last week was a very tight range in play all week, will this week produce a meaning full break ??.

Good luck and tight stops Dave. Ps hopefully my broker forex.com are,nt flooded best of luck east coast

Thursday, August 25, 2011

30 min update 25 Aug

A well defined triangle forming on a 30 min time frame, a break either side should turn into good support or resistance 4517 should produce a stall 4258 good support .Will it take Bernanke too break deadlock or will bears blink, or bulls blink ,50/50 at moment my 10,cent,s worth Dave good luck and tight stops.