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

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

The Week Ahead 21 Aug 11

Hello traders my s/r,s are on the 4hr chart, the bigger time frames are telling me the bulls are in charge ,notice the tightly packed candles on the daily chart the bears lost that battle so for me S2 will be very important to hold this week ,the bollanger bands on the 12 hr chart are still tightening so is a break imminent ? the top of the triangle formation has again been tested and broken ,but a word of warning I never marry an opinion and can change it in a heart beat, I dont mind being wrong, so long as it does,nt cost me dearly. The big fib level 61% at 4521 and the 78% fib levels 4705 should offer keen resistance remember I am still only just a 4th year apprentice and these are only my opinion,s .Good luck and tight stops Dave .

The Week Ahead

Hello traders technically not much has changed since last week a bigger triangle formation is still holding, this week I will be looking at bollanger bands on a 4hr time scale,to see if they hold either side. for longs or shorts, all the best Dave.

The Week Ahead

hello traders last week I was in and out all week away from my desk and this week will be the same a festival in local town + a bit of sea fishing lined up so wont be doing much updating,or trading ,a bit possibly mid week , Anyway no need to mention the news ,unless you were on the moon .my bottom chart shows a big triangle forming in a 12 hr time frame will there be a break either side this week ? possibly, but if not its getting closer every day
the top chart is in a 4hr time frame and shows my supports/resistance areas R1 s and S1 s ,but this week at the open into Monday and Tuesday if trading I will be extra careful
as news will dominate price. On the 4hr there are two fib levels I will be looking at the 78% fib from last hi to last lo R1/S2 and the bigger level at 3986 just below S3 any way good luck and tight stops Dave.

The Week Ahead 31 July

Hello traders, dept ceiling still not solved as I post my charts for areas I will be looking at this week .
I,m posting a lot of charts from daily,12 hour ,4 hr and top chart a 1 hr , On the daily it looks like a possible bull flag, price finished above the 100 sma on friday
On the next chart the 12 hour the bollanger bands set at 50/50 show a possible range being set . The 4 hr chart has a lot of resistance at 4555 area but the top trend line keeps being tested with breaks and rejections soon after and lastly the top chart on a 1 hr time frame shows a H/S pattern
at 4436 with a fib level just below at 4417 all in all this week will be an interesting one with lots of levels to keep an eye on and news also important ,on that note good luck and tight stops ,Dave ,I will post all my trades as soon as I can on twitter when entering wish me luck .

The Week Ahead

This week areas I will be looking at are ,firstly the last move up ,the 38% fib for possible consolidation at 4322,
S1 at 4300,+ 50% fib at 4287
38% fib at 4206 on 4hr chart
S2 at 4135 long tail big move up +50%fib
S3 at 4068 long tail+61% fib just below
S4 at 4011
R1 at 4436 last hi, big bear line
R2 at 4480 area with down channel just above
R3 at 4566 area
R4 at 4640 area

will the news finally start to take a back seat I doubt it, possible Moody's downgrades defaults American dept ceiling danger every where with no timing notice, ah,well that's trading
Good luck and tight stops Dave.

The Week Ahead 17 July

Hello traders last week news dominated markets, normally I have one eye on the news, this week I will use both of them, any way areas I will be looking at this week are

S1 4034.

S2 3985.

S3 3902.

S 4 3834.

R1 4283.

R2 4350 area.

R3 4500 .all the best for week ahead good luck and tight stops Dave.

The Week Ahead 10 July

In the news This week,

Italy in the firing line ,Too big too bail ??

Anyway Areas I will be looking at this week are

R1 4350/4373

R2 4465/4498

A close look at 4578

R3 4635.

S1 4208

S2 4167/4124

A close look at 4065

S3 4027/4013/3969, good luck and tight stops Dave

The week ahead 3 July 11

Hello traders ,Greek news finally slowing for a while , but I,m sure we have,nt seen the last of it.

Any way the areas I will be looking at this week are ,

S1 all the 4440,s this area has been pivotal for weeks now, I first mentioned it on The week ahead, May 29 where it started as a trend line break and then held twice as resistance it should now act as good support , but anything is possible.

S2 comes in at 4344/4300 I will only trade these two figures to the pip , 4300 shows as a Hockey Stick pattern which I will do a post on this week ,

I will look closely at 4236,

S3 comes in at top 4176 and low at 4124.

R1 4550, former neckline of a Head/Shoulders pattern the euro finished the week just below here ,the euro bulls finished the week strongly on July 1, so it will be interesting at the start of the week as always.

R2 4640 area traders on the wrong side of the interest rate decision by ECB on 9 June

R3 4700 top figure of 4717 which I talked about as a stall on a smaller time frame on a previous The Week Ahead,

R4 4843 A trend line break ,I did a post this week on my theory on trend line breaks please feel free to check post out .Under Trades

Anything can Happen at Anytime , Good luck and tight stops Dave

The week ahead 26 June 2011

This week the areas I will be looking at are S1 at 4125 which has been tested twice now if this area hold,s into Monday I will be looking for a move higher, S2 comes in at 4066 and S3 a big area at 4000 these support areas are tightly pact, a total of 153 pips so if negative news on euro takes hold these areas could possibly fall fast ,

To the upside possible consolidation at 4247 ,R1 comes in at 4305 nice long tail ,I will take a close look at 4380 / 4390 where a smaller time frame trend line break happened, R2 comes in at all the 4444,s and lastly R3 at 4496,

Big news this Greek vote on austerity ,Spanish bond spreads opened to 5.7% on Friday will keep an eye on these, on the bigger picture a triangle is starting to form as bears and bulls start to come together on price , China have again been talking about buying European dept is the story priced in ? don,t no . Any thing can happen at any time Mark Douglas, Good luck and tight stops Dave. ps chart in a 4hr time frame no fib levels as price forming tighter band, I will start looking at bollanger bands as week unfolds .

The week ahead 19 June 11

Greek news still dominating air waves in the week ahead, will it ever go away.

As for areas I will be looking at this week firstly support , possible consolidation at 4250, S1 at 4200, the break higher , a close look at 4127, S2 at 4071 , and finaly S3 at 4000 area.

Restance R1 at 4350 area ,down trendline just above , 38% fib at 4312 was also prior good support if this area holds into Monday will look for small correction lower , I will be looking at the 50 % fib level which also shows a stall on lower time frames. A close look at 4429. same on 61 % fib , at 4459, R2 at round no 4500, and lastly R3 4650, Any thing can happen at any time good luck and tight stops Dave.

The week ahead 12 June

Yet again Greek news dominated euro moves last week with Germany getting involved in bailout terms and talks, As for areas I will be looking at this week to the upside possible consolidation of the move down at 4375, R1 at all the fours 4444 area with the 38% fib level just above at 4464 . R2 4550 with the 61% fib on the money at 4552 which was the neckline break of the H/S pattern, R3 comes in at 4635 traders on the wrong side of eur Rate decision move, On support at S1 4306 second time back with the 50% fib from
the low 3968 to the high 4695 if this holds will be looking for correction, the 61% fib at4246 and spike at 4255 I will closely watch this area, S2 round no at 4200, and finally S3 at 4068,

Any thing can happen at any time Mark Douglas, good luck and tight stops Dave, ps top chart on 30 min time frame bottom chart 4 hr time frame,

The week ahead 5 June

Last week news on Greece tended to dominate the markets leading to news led moves, a few times last week I had my finger on the trigger only to put the safety catch back on , due to Greek news , The areas I will be looking at this week will be S1 at 4400 which has a long tail and a 32% fib level just below at 4859 this depending on a pullback from 4642,

Secondly S2 at 4306 looks interesting which had good resistance, and with a 50% fib on the pip of long tail, thirdly the round figure 4200.

To the upside R1 4843 has a trendline break and a long fast drop, 4898 for R2 and a spike 4938 for R3 , On the big drop from R1 I found one small stall on the 15 min chart at 4717 which I will also keep an eye on , Remember Anything can happen at any time Mark Douglas quote, Good luck and tight stops Dave. PS charts are 4hr candles

The week ahead

The two charts shown below are in 12 hour candles, The chart above is a 4 hr , the bottom chart shows the area,s I will be looking at during the week . Firstly R1 the open will be very important, so far this was rejected twice, and with the move from the high 4938 too the low 3967 this adds a 38% fib level, at 4338, If we get above this level the next resistance area should be all the fours ,4440 which has a trend line break ,a 50% fib level and long tails on the candles, then on R3 we have the 61% fib at 4567 and the break down from 4509, although this would be later in the week. Finally to the downside I will be looking at the 4200 area as first support , and 4066 as next support, and finally 3968, Good luck and tight stops, Dave .and remember ,ANY THING CAN HAPPEN AT ANY TIME, Mark Douglas quote,