The USDCHF saga is not over yet. The pair proved unable to rise up to the flat Kijun Sen on the monthly Ichimoku chart matching with 61.8 retracement of the big memorable drop that occurred on Jan 15 2015. And if you look at the Dollar Index it’s ...

Monthly Profit - Daily Trading using SMA

Back to basics with EURJPY.

Monthly Profit - Daily Trading using SMA

Even better after rejection from Bollinger middle band. So this USDCHF failed to get confirmed by this strategy. No signal.

Monthly Profit - Daily Trading using SMA

Follow up on SP500. My doubts finally materialised with price action unable to close below Bollinger middle band after testing KS on Ichimoku. There again RSI did filter it correctly remaining in bullish territory above 50.

Monthly Profit - Daily Trading using SMA

Bearish signal sent by USDMXN. SMA5 pointing down just below Bollinger middle band after Thursday’s bearish engulfing candlestick. Only challenge: breaking through the support/resistance line at last closing level. Out of this thread’s rules RSI ...

Monthly Profit - Daily Trading using SMA

Bearish continuation likely for GBPUSD. The pair just re-tested support/resistance line after breakout in reaction to contact with long term bullish trend line matching the weekly Bollinger middle band.

Monthly Profit - Daily Trading using SMA

So USDCHF finally made it’s way to 0.9390 supported by the 10Y Treasury yield. Important to note that this level represents a major support/resistance at 50% retracement from the bearish trend seen between June 2010 and August 2011 which matches on ...

Monthly Profit - Daily Trading using SMA

EURCHF trade is still alive according to the rules of this thread as stop-loss level has not been hit: high/low of the signalling candlestick +/-15 pips, represented with the golden rectangle in the chart below. After the ranging rollercoaster seen ...

Monthly Profit - Daily Trading using SMA

I would have preferred price action to close below the Bollinger middle band in confluence with 38.2 Fibonacci retracement and below Tenkan-sen on Ichimoku where the Lagging span was unable to cross below past candlesticks. Long wick coupled with ...

Monthly Profit - Daily Trading using SMA

SP500 sent a signal with big bearish engulfing candlestick covering last 4 sessions and with an interesting divergence on MACD and RSI.

Monthly Profit - Daily Trading using SMA

We should always feel free to explore other indicators in search for a better perception of markets. If I use this system mainly to screen potential signals I like to check what Ichimoku Kinko Hyo has to say. And for USDCHF all timeframes point to ...

Monthly Profit - Daily Trading using SMA

Top down analysis across timeframes helps to gain vision.

Monthly Profit - Daily Trading using SMA

It may turn sour...

Monthly Profit - Daily Trading using SMA

After the signal was confirmed on the daily, the weekly looks a bit like EURCHF and it will be interesting if the pin bar breaking Bollinger upper band is confirmed after the weekly close.

Monthly Profit - Daily Trading using SMA

Hi Paj, it looks interesting but we will know for sure if it’s a signal (SMA5 pointing down) only after today’s close.

Monthly Profit - Daily Trading using SMA

Follow up of post #11775 EURCHF After yesterday‘s bullish engulfing candlestick let’s keep an eye on reaction to bearish trend line on H4.

Monthly Profit - Daily Trading using SMA

Another Fibonacci view.

Monthly Profit - Daily Trading using SMA

EURCHF sent a signal. The pair is retracing after reaching an important support/resistance visible on the weekly chart. On the daily the pair is back from overbought territory with a bearish divergence on RSI.

Monthly Profit - Daily Trading using SMA

For those who would doubt the meaningfulness of Fibonacci and technical analysis overall.

Monthly Profit - Daily Trading using SMA

Well noted, we are waiting for your regular contributions. This system is definitely simple and easy to apply . A strength but sooner or later a limitation too.

Monthly Profit - Daily Trading using SMA