MoneyTec Traders Community Forum - View Single Post - Here's a free e-book for trading daily charts

michael dunbar · 23-07-2007, 12:00

Apologies for not posting more....

Looking at the daily charts of GBP/USD, AUD/USD and NZD/USD, you can really see how the ATR channel keeps us in the trend. It doesn't always work out like that of course but, when you're going with the major trend, it is a great tool to have.

For future trades, I'm keeping an eye on the USDCHF, will only get in on a short trade, looking for a cross AND a break of recent resistance at 1.1960 area. For GBPJPY, would love to see it spike to the 28EMA before heading back up but will probably take a long cross anyway. Not touching USDJPY at the moment.

Keep posting your own thoughts and keep enjoying the daily charts.

23-07-2007, 12:00	#10
michael dunbar level 1 Join Date: Apr 2007 Posts: 9 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Here's a free e-book for trading daily charts Apologies for not posting more.... Looking at the daily charts of GBP/USD, AUD/USD and NZD/USD, you can really see how the ATR channel keeps us in the trend. It doesn't always work out like that of course but, when you're going with the major trend, it is a great tool to have. For future trades, I'm keeping an eye on the USDCHF, will only get in on a short trade, looking for a cross AND a break of recent resistance at 1.1960 area. For GBPJPY, would love to see it spike to the 28EMA before heading back up but will probably take a long cross anyway. Not touching USDJPY at the moment. Keep posting your own thoughts and keep enjoying the daily charts.