Written by Admin Fx | 22 February 2012

Dow Jones, broke above 12.810 resistance , now become support, and moving up slowly with the madness of the Euro but struggling, if this move continue and hold next to watch is 13.112 resistance, it is at 12.965 as of this writing and has not been doing much like it use to do, we use to make 1000 point in one move when the market was moving not in consolidation, Now is moving by the 25 to 50 point, next few month will be very interesting to watch and see when the Euro collapse to 1.20 what the Indices will do, they all approaching very important level , it is good if you trading option you will be making tons of money placing puts and calls contracts 100's at a time. we haven't been trading dow much, but we will keep an eye on it from now on. 3 charts attached daily, weekly and monthly.

Written by Admin Fx | 21 February 2012

XAO ALL ORDINARIES,  las call was 4.259 must hold and from there we look for a target 1) 4.402 resistance line, well 4.259 held and the Inex has been up to 4.380 for 130 points since the trade call , now very close to out target 4.402 and you have to lock profit all the time, 3 charts attched daily, weekly and monthly..

Profit locked 130  points

Previous call

XAO ALL ORDINARIES INDEX,  broke out of the down trend triangle long time ago, reached as high as 4.472 and has been up and down since in consolidation range, making higher lows and same highs,, now it down to test support line at 4.259, if this line hold the target will be 4.402 resistance line as outlined on the chart, any violation of this line will change the outlook to the retest of 4.185, but must get back into the descending triangle outlined by the green lines..

Written by Admin Fx | 19 February 2012

Dax performance index, The down fall from 7.523 down to 4.965 created  a Gartley down move with an A B C D correction almost on the way to be finalized, The formation require 7.000-7.066 to hold any up move and we have to remain under 6.837 as outlined by the red resistance line on the chart, this week opening and the new from Europe will give us a clue on the direction, or we going for a deeper retracement or the down move will start from here, patience is need as usual and we will not rush into a trade without making sure all charts lined up. targets will be as follow, 1) 6.513, 2) 6.188 .3 charts attached , weekly, daily and 4H

Check our trade call section for new trade calls and outlook

19 February 2012

GOLD

We look at GOLD again.  the 240 chart we have is narrowed down quite a bit to show a multitude of swings.  We have made it as high as 1763, which took out the previous Fibonacci retracment on the downswing with an "A" of 1762.  In the 240 chart shown we want to stay above 1706/13 to go up to the sub-target 138.2% (1754), if we fall short of this area we will look again to the 1706/13 areas.  If we get price action that breaks below this we look down to 1671, which is the 38.2% retracement (of 1522/1763) and the 61.8% barrier of the dynamic Fib upswing (1522/1630/1604).  If we find support at the 1671 we look back to the 23.6% (1706) and the 100% Target 1 (1713).

Looking in the larger Weekly time frame we have got support at 1654, 1608 and 1562 (which is the 61.8% barrier).  If we break below the area we look to the 1413 (100%).

240minute Support 1713/06, 1671, 1659, 1646 

240minute resistance 1754, 1763/67, 1780 (full target 2)

15 February 2012

       (a little review)  With the Dynamic Fib, remember that the 61.8% is our main barrier.  If we break above the 61.8% we will look toward Target 1, giving some importance to the 78.6 sub-barrier.   Once we hit a target we can expect the currency to take a breather and have some retracement.  If we hit target 1, we look to the 61.8% for possible retracement.  If we break above Target 1 and find it turn to support, we will look to our Full Target 2.  But we do this level by level, we have the 138.2% and 150.0% Sub-Targets on the way.  When we hit these, we also have to watch for retracement to the 100%...if there is a break below the 100% we look to the 61.8%. 

GOLD

The 240 chart shows the movement that GOLD has had within our Dynamic Fib (1522/1630/1604).  We had made it passed the 61.8 (1671), to and passed the 100%(1713).  Then we found support at the 100% and advanced a little passed the 138.2% (1754) before retraceing to 100%.  Now we want to watch 1713 area, this is our 100%.  Will we stay above this area and have a chance to go to the 138.2%(1754) or will we fall below and head toward our 61.8%(1671).   The 480 and Daily charts have the larger FibZone levels.