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- Trader Rich replied May 11, 2009
yen met resistance at 99.50 image
- Trader Rich replied May 8, 2009
PP - 1.5051 showed some support. 1.5118 is a lower high in the top range though.
- Trader Rich replied Apr 15, 2009
After the morning breakout, cable formed a symmetrical triangle pattern at the top on hourly chart. As long as cable stay above recent swing high 1.4956 I will remain an upward bias. This bias was backed by the double top breakout on both daily and ...
- Trader Rich replied Apr 13, 2009
image On hourly point and figure charts, pound found support at 1.4600. Right now, there is a triple top pattern formed at 1.4766 - a key resistance level. We have to wait whether cable will remain in the range or take a breakout.
- Trader Rich replied Apr 13, 2009
Updates point and figure charts for yen — image From above hourly point and figure charts, it is clear yen found a double bottom support at 99.50. The recent rally took a double top breakout and also broke the resistance line formed during ...
- Trader Rich replied Apr 6, 2009
Japanese Yen made it at 100 — image Finally, yen made it. On above hourly point and figure charts, yen made a double top breakout at 99.75. Actually, yen was just 2-pip shy to make a 3-box reversal on Friday's NFP event. What a clever ...
- Trader Rich replied Apr 3, 2009
Yen touched 100 key level in Asia session, but lack of following through momentum. On daily point and figure chart, it's a double top breakout at 99, while on hourly chart, also a double top breakout at 99.75. I will add a point and figure chart ...
- Trader Rich replied Apr 2, 2009
Cable continue move upward. Hope those profitable shorts already cashed in.
- Trader Rich replied Apr 2, 2009
I saw the top of channel now, which confluenced with the daily upward target 1.4675 (average daily range). 2nd target 4767 3rd target 4859
- Trader Rich replied Apr 2, 2009
On hourly point and figure chart, yen made a double top breakout at 99.25. The up thrust took former swing high at 99.66, but met the resistance from 100. Today we might witness yen stand above 100.
- Trader Rich replied Apr 1, 2009
Yesterday was a Narrow Range Day — Cable formed a NR20 (narrowest range in 20 trading days). We might have a potential trending day. Be prepared.
- Trader Rich replied Apr 1, 2009
Broadly speaking, anything can get you ahead of the game can be deemed as an edge.
- Trader Rich replied Mar 31, 2009
The breakout is true. Yen stands at 99.25. It could be fun to watch how yen gonna deal with the key 100 level. Let's take a close look. 1st upward target: 99.07 2nd upward target: 99.70 3rd upward target: 100.33
- Trader Rich replied Mar 31, 2009
Daily upward target for euro is 1.3426 (average daily range). 1.3415 former swing low. 1.3411 61.8% fib level. 1.3355 50% fib level. 1.3331 10 day EMA.
- Trader Rich replied Mar 31, 2009
pin bar for cable — Cable made a pin bar on daily chart yesterday
- Trader Rich replied Mar 31, 2009
03/31/09 USDJPY hourly Point and Figure Chart — image Yen is still in the swing mode. The quick snap back made a double top breakout at 98.25, confluenced with the breakout of the resistance line. The overhead resistance is still there. Be ...
- Trader Rich replied Mar 31, 2009
Hello Fx1618, I have several posts writing about point and figure charts, you may want to take a look.
- Trader Rich replied Mar 31, 2009
Thanks bosun2007. I use excel to draw my point and figure charts. It's a good routine. You may want to give it a shot.
- Trader Rich replied Mar 30, 2009
Yen made a double bottom breakdown early morning at 97.25. There is an resistance line formed at top. Current rally might meet this resistance at 97.75. I will attach the point and figure charts later
- Trader Rich replied Mar 30, 2009
NR7/ID breakout for euro — For your information, last Friday was a classical NR7/ID setup for euro