Daily trading review from Masterforex-V

[Archer]

Review for the 18-th of January 2007
Details of the day
Start of a corrective action on h1?
Axel
Eur/usd usd/jpy gbp/usd usd/chf
3- res 0.6606 158.20 1.6198 0.7933
2- res 0.6593 158.06 1.6175 0.7897
1- res 0.6578 157.50 1.6162 0.7887
Pivot* 0.6570 156.85 1.6147 0.7878
1-sup 0.6562 157.11 1.6124 0.7860
2-sup 0.6550 156.80 1.6100 0.7845
3-sup 0.6538 156.35 1.6060 0.7831
Europe
1. break of a flat res
2. targets of bullish trend of GBP
published at 5:36 GMT
Res mt4
1.9753 = 262% from the 1-st wave on h4 + 162% from evening recoil on m15 1.9674-1.9723
1.9779 = 162% from yesterday's recoil on h1 1.9588-1.9697
3. fulfillment of targets - 162% from yesterday's recoil on h1 1.9588-1.9697, that hasn't become the 1-st corrective wave A


America
Preparing to
* the min target 162% is done
* a wave downwards = 38% from h1 (1.9705)
* look at up movement (not puncture of the max) = wave B
* puncture of the min = ©
* news
13:30 USA - Building Permits Dec 1.513 mln. 1.510 mln.
13:30 USA - Housing Starts Dec 1.588 mln. 1.575 mln.
13:30 USA - CPI ex food & energy Dec 0.0% +0.2%
13:30 USA - Consumer Price Index Dec 0.0% +0.4%
13:30 USA - Jobless Claims week till 13 Jan -26 th. till 299 th.

Before news
Its's needed movement upwards to understand WHERE zigzag at least on m5 will be, then
a) upwards - ZIFRAS on m5 upwards = the down movement has finished = American session is upwards (look for targets, puncture or not puncture of the max on h4).
1.2915 = 76% from h1 (= 2-d wave + POWERFUL break through local max on h1 = 3-d wave on h1)
b) downwards = puncture of the min with calculation of next targets below from the last recoil on m5, puncture of support = 1.9676 - 200% = local min from the puncture of sup on m5... will add a new grid of the new zigzag)
In the best case it will be just the 1-st (A) bearish wave on h1 (А). When it's finished we'll find targets below not only on m5 but on h1 as well
at the end
there is a zigzag downwards on m5 = miniflat
* 1.9690-1.9736
* 1.2932-60

[Archer]

Preparing for the current week 22-26 Jan 2007
Middle-term = intraweek trend
1) up - 5(?) wave on h4 with possible puncture of the previous max on D1
Look for coincidences of FIBO targets
* from the possibble 1-st wave on m15 (American session 19.01.2007 1.9695-1.9762) 162% = 1.9800
* from the last recoil on h1 162% = 1.9816 and so on.
* from the 1-st wave on h4 1.9258-1.9450
* from an impulse on m5-15 with puncture of a resistance
conditions - synchronous puncture of theirs res levels by all allies


2) down - not puncture of 1.9777
* 1 wave (A) 1.9777-1.9633
* 2 wave (B) 1.9633-? (till 1.9777)
* 3 wave © in case of a puncture, support is 1.9633

Then the bearish movement of Friday 1.9695-1.9770 = a©
3) false puncture of 1.9775 with powerful ZIFRAS = bearish middle-term
* The 1 wave (A) will be formed by powerful bearish trend after ZIFRAS downwards on small TFs

False puncture is
* puncture of a technic level without consolidation
* a turn, starting from m5 to the back direction of the previous impulse
* one of a turn figures (look the 2-d book)
* puncture of the opposite limit of ISF = change of an impulse direction of intrasession trend

Review for the 22-d of January 2007
Details of the day
Variants of movement are given above.
Axel
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF
Spot 0725 GMT 1.2976 121.41 1.9750 1.2481
3 Day Trend Bearish Bullish Bullish Bullish
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2793 116.36 1.8864 1.2360
3rd Resistance 1.3054 121.88 1.9847 1.2580
2nd Resistance 1.3016 121.78 1.9803 1.2550
1st Resistance 1.3000 121.60 1.9780 1.2530
Pivot* 1.2971 121.37 1.9749 1.2482
1st Support 1.2914 121.10 1.9696 1.2432
2nd Support 1.2897 120.88 1.9669 1.2418
3rd Support 1.2865 120.47 1.9625 1.2398
Europe -America
About European session: it's flat between
* sup = min of Friday's American session 1.9695
* res 1.9775 (grids crossing)
A choice of middle-term is not done yet
Look closely at those points
1 sup at EUR is 1.2914 (min of Friday's American session)
2 sup is 1.2895 (a zigzag downwards on h4)
3 sup is 1.2865 (a zigzag downwards on D1)
A puncture of res by GBP without allies
It's not recommened to play during flat.
Even there is nothing special to make charts about.
I can just call your attention to the way which Axel uses to make his levels.

Look closely.

[pelle64]

Please use attachments instead -

[Archer]

Review for the 23-d of January
Axel
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF
Spot 0725 GMT 1.2948 121.59 1.9781 1.2493
3 Day Trend Bearish Bullish Bullish Bullish
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2797 116.38 1.8874 1.2359
3rd Resistance 1.3016 122.02 1.9847 1.2580
2nd Resistance 1.3000 121.88 1.9822 1.2550
1st Resistance 1.2979 121.80 1.9803 1.2530
Pivot* 1.2944 121.64 1.9777 1.2499
1st Support 1.2914 121.49 1.9722 1.2471
2nd Support 1.2897 121.10 1.9696 1.2432
3rd Support 1.2865 120.88 1.9669 1.2418
Europe
GBP is going up
* puncture of res
* fulfillment of FIBO targets on different TFs
puncture of FLAT upwards - then movement from res to res (if there is no ZIFRAS on m5)
162% from the last recoil on h1 1.9820
EUR - will be trip to the next res or not

Then it was a recoil (zz m5) 1.9812-34 , a puncture upwards - new FIBO targets (200% = 1.9859)
3-d res - 1.9847
4-th res 1.9885 (262% from the recoil on h1) $1.9870/80 offers of average volume

1.FLAT before Europe
2. A grid on the recoil on H1
3. 161.8 target from this grin on H1
4. A grid on the m5 recoil(ZZ)
5. The max of the session is crossing of the grid on H1-200% and M5- 162%
America
1. variant
On the European session was reached some peak (for instance 162%) - then a recoil and flat.
This levels on m5-15, which were formed as a resalt of the recoil, are forming ISF
2. variant - as it happened today - prolongation of the trend.
Coincidence of 2 trends

1.recoil grid on H1.
2.recoil grid on m5(ZZ)
3.recoil grid on m5(ZZ)
5.Coincidence of targets + reserve of currency movement + allies gave us the area to close transactions (1.9906-1.9894)
There is another poin of exit. Some pupils used it to close their transactions.

1. exit point

[kenari05]

Originally Posted by Archer

Review for the 23-d of January
Axel
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF
Spot 0725 GMT 1.2948 121.59 1.9781 1.2493
3 Day Trend Bearish Bullish Bullish Bullish
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2797 116.38 1.8874 1.2359
3rd Resistance 1.3016 122.02 1.9847 1.2580
2nd Resistance 1.3000 121.88 1.9822 1.2550
1st Resistance 1.2979 121.80 1.9803 1.2530
Pivot* 1.2944 121.64 1.9777 1.2499
1st Support 1.2914 121.49 1.9722 1.2471
2nd Support 1.2897 121.10 1.9696 1.2432
3rd Support 1.2865 120.88 1.9669 1.2418
Europe
GBP is going up
* puncture of res
* fulfillment of FIBO targets on different TFs
puncture of FLAT upwards - then movement from res to res (if there is no ZIFRAS on m5)
162% from the last recoil on h1 1.9820
EUR - will be trip to the next res or not

Then it was a recoil (zz m5) 1.9812-34 , a puncture upwards - new FIBO targets (200% = 1.9859)
3-d res - 1.9847
4-th res 1.9885 (262% from the recoil on h1) $1.9870/80 offers of average volume

1.FLAT before Europe
2. A grid on the recoil on H1
3. 161.8 target from this grin on H1
4. A grid on the m5 recoil(ZZ)
5. The max of the session is crossing of the grid on H1-200% and M5- 162%
America
1. variant
On the European session was reached some peak (for instance 162%) - then a recoil and flat.
This levels on m5-15, which were formed as a resalt of the recoil, are forming ISF
2. variant - as it happened today - prolongation of the trend.
Coincidence of 2 trends

1.recoil grid on H1.
2.recoil grid on m5(ZZ)
3.recoil grid on m5(ZZ)
5.Coincidence of targets + reserve of currency movement + allies gave us the area to close transactions (1.9906-1.9894)
There is another poin of exit. Some pupils used it to close their transactions.

1. exit point

are you sure GBPUSD will go up? now its 1.9690

[Archer]

Review for the 23-d of January 2007
Axel
Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF
Spot 0735 GMT 1.3017 120.97 1.9762 1.2422
3 Day Trend Bouncing Capped Capped Capped
Weekly Trend Capped Bullish Bullish Bullish
200 day ma 1.2800 116.40 1.8884 1.2357
3rd Resistance 1.3117 121.80 1.9847 1.2471
2nd Resistance 1.3090 121.49 1.9822 1.2450
1st Resistance 1.3058 121.10 1.9803 1.2432
Pivot* 1.3022 121.21 1.9783 1.2427
1st Support 1.3000 120.85 1.9760 1.2375
2nd Support 1.2979 120.48 1.9722 1.2340
3rd Support 1.2914 120.07 1.9696 1.2297
Europe
During the Eropean session the 1-st (A) wave was going on downwards.
Criteria -
* there were no turn upwards on m5-15 from 1.9803, 2 zigzags upwards on m15 (1.9803-30) = 23% from the previous down movement.
* puncture of sup 1.9803
* fibo targets from m15 below
1. ending of the wave А on h1 – turn upwards on m5-15
2. wave's structure of the wave B and its peak will show us future middle-term plans

1.FLAT before Europe + pull back grid on m15-m5
2.Qualifying pull back grid on m5
3.H1 zigzag
4.crossing of the grids m15-361,8% m5- 200%+ allies + reserve of movement + news awaiting
America
The whole session is ahead for fulfillment of the reserve of movement by currencies
a) down - 5-th wave at GBP
b) up - m15 turn (if the minimum is not going lower the nearest crossing of grids above is 1.9800 also) + check on small TFs

1.Pull back grid on m15. This recoil didn't break the trend of the day.
2.Puncture of the local min
3.162% target of the grid + reserve of movement
4.A grid drawn on the European impulse.

[Archer]

Forecast for the week 29 Jan – 02 Feb
Pound - a bearish impulse on h1-4-D1 - The main question is about its prolongation or ending
Possible variants of movement
a) further downwards - supports: reference points
1.9595 50% D1
1.9545 62% h4 + 262% from the last recoil from the last ZZ on h1 1.9625-78
1.9511 62% D1 + accumulation of orders $1.9515/00 (considerable bids)
1.9455 76% h4 + 423% from the recoil of ZZ on h1
1.9415 76% D1
Then, by small TFs we'll calculate waves and crossing of fibo targets of big and small TFs

b) Reverse -
* a zigzag downwards on h4-D1
is a condition of a turn, otherwise the ZZ on h4-d1 will go lower

[Archer]

Review for the 30-th of January 2007
Axel
Forex spot: GBP/USD USD/JPY USD/CHF AUD/USD
Spot 0615 GMT 1.9653 121.83 1.2513 0.7748
Weekly Trend Bullish Bearish Bearish Bearish
100 day ma 1.9220 118.32 1.2390 0.7710
3rd Resistance 1.9700 122.50 1.2591 0.7784
2nd Resistance 1.9676 122.20 1.2565 0.7777
1st Resistance 1.9663 122.10 1.2560 0.7750
Pivot* 1.9637 121.76 1.2530 0.7729
1st Support 1.9597 121.60 1.2512 0.7710
2nd Support 1.9585 121.30 1.2495 0.7698
3rd Support 1.9550 121.25 1.2478 0.7650
before Europe
The situation became more clear during the Monday
a) EUR broke a res of flat zone. GBP (1.9618 = a zigzag upwards on h1) and AUD (0.7748 = a zigzag upwards on h1) doesn't.
b) A bullish locomotive is EUR. If EUR
* breaks 1.3000 (the basis of a bearish wave on h1) = cancellation of a bearish 5-waved on h1 and start of counting waves to the back direction
* breaks 1.3047 - ZIFRAS upwards on D1 (162% 1.3150)
EUR will pull all allies with it up.
Europe
* 1.9679 - is the previous ZZ upwards on h1 + 1.9687 38% from the bearish h4
* if the bearish wave is going on – look at zigzags on small TFs - targets are from recoil on m 1-5
+ 200% from ZZ m15 1.9614-43
+ 200% from the previous recoil on m1
* GBP broke res of ISF m15 and reached 262%
* EUR left in ISF

1.FLAT before Europe
2.Grid h4
3.Start of the session
4.A grid on the recoil on m15
5.End of movement: targets + allies didn't support
Before America
a) down
* pound has min 1.9634, movement upwards and NOT puncture of the max 1.9695 + puncture of the min
* Eur is in flat
b) up
* GBP - a puncture of the max
* EUR
RES 4 $1.3060 Fibo 38.2% from 1.3365 till 1.2865
RES 3 $1.3045 max of 23 Jan
RES 2 $1.3005 Fibo 76.4% from 1.3045 till 1.2880
RES 1 $1.2980 Fibo 61.8% from 1.3045 till 1.2880

1.High of GBP
2.Local min
3.A grid on the m15 recoil
It was total flat without support of allies during American session
Gathering of MAs for spurt