Here is an updated chart of the EUR/USD as of this morning here on the east coast. The price did get a slight lift, but still in a bearish configuration. It has not closed below the green trendline. I do not have a position in this pair at the ...

EJ_4H method

A view of the GBP/USD 4-Hour Chart… Look at the strong trend up and you can clearly see the nice channel. The price is approaching the bottom of the channel (the green line). The 4-H Stoch is also very oversold at 11.44. Will this pair bounce off of ...

EJ_4H method

Thanks IBO for the chart… I have also attached a view of the 4-Hour chart of the EUR/USD Pair. Later last week, the price broke out of its current channel, but today it came back in. The green trend lines on my chart indicate the current channel. It ...

EJ_4H method

Enjoy the weekend as well, Take Care, Mike

EJ_4H method

IBO, I posted a 4-H chart of the EUR/USD. You are going to yell at me again for being aggressive, but thought I would post my thought process and gain your feedback again. One can clearly see the purple arrows point to a downward trend – we had ...

EJ_4H method

IBO, Thanks for the charts – they were very helpful to look at. In addition, I enjoyed reading part III. I will take a stab at your question regarding how one might get a confirmation sooner rather waiting for the price to break out of the channel. ...

EJ_4H method

Thanks for your input IBO - yes, that was an aggressive play on my part. You will have to show me what to do and what to stay away from.. Mike

EJ_4H method

Thanks IBO, I will try to follow up with a chart later this evening or this weekend, but this morning, I did place a buy trade on the EUR/USD. Although the 8SMA was above the 55SMA, the price retraced a bit, and I felt, by anlayzing the slope of the ...

EJ_4H method

Good feedback Lindsay...the pair could break lower to the 23 retracement - below that, I am not so sure due to the stong trend this pair has shown recently. We shall see... Thanks

EJ_4H method

Thanks IBO, Here is a most recent chart of the EUR/USD. Price did decline and is approaching the first pivot support level. The 55SMA still looks very positive and long term Stoch still very high. Let's see if the trend continues and the pair moves ...

EJ_4H method

Sorry about that You are correct! I am looking at the EUR chart and it did retrace, but the 55SMA and the long term Stoch are still pointing to an upward trend. Do we have a reveral are just a pullback? That is the question...we will have to wait ...

EJ_4H method

Looks like there was a potential reversal this morning on the AUD/USD, but the Reserve Banks increased interest rates to 5.75% from5.5% to curb inflationary pressure which helped move the AUD higher against the USD. Commodity prices trend will be ...

EJ_4H method

IBO, Thanks for your input here - much appreciated. Look forward to learning more. Mike

EJ_4H method

I agree, I am not buying, but just posted it to get feedback on this or any other pair where the 8SMA might be above the 55SMA. MIke

EJ_4H method

IBO, A follow-up to my last message. This is a view of the EUR/USD 4-hour chart.A nice uptrend is evident. In the chart I drew attention to the most recent blew buy signal arrow. Although the 8SMA is above the 55SMA, would a long trade be entered ...

EJ_4H method

IBO, Looking for an opportunity to learn from your analysis, so I attached a chart of the EUR/JPY and would like your feedback. The weekly trend on this pair is up; however, we had a major down trend in price on Friday. One can clearly see on the ...

EJ_4H method

I agree. The EUR/USD is in consolidation after the strong bullish movement. The uptrend could continue however. I continue to keep on a this as well. I am long the USD/CAD.. Mike

VWVB Daily Chart Analysis

Thanks for the feedback and for the chart! MIke

EJ_4H method

IBO, Your thoughts: Last evening it appears we had reversal on the EUR/USD. Two red arrows appeared and were below the 8SMA. The overall trend is up here. I took a short was stopped out as the price subsequently raced to new highs. I noticed a blue ...

EJ_4H method

Thank you for following up! Mike

EJ_4H method