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Yen gains strongly to start the quarter

Beginning of a new month, quarter or year is often accompanied by a start of a larger move, be it continuation or reversal. Yen gained about five cents against the dollar so far this month (and quarter) with USD/JPY falling from ~112.55 to ~107.65.
38.2% retracement of the Abenomics upswing (~106.65) is the first major support level to watch before 200 month SMA (~105.85) and 105 big figure level. Area between broken 110 level and previous range bottom up to 111 shall provide solid resistance in…
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It is happening again...

In my previous blogpost I wrote about confluence of trendlines.If you look att botten left corner of chart and consider trend lines in magenta "clockwise" :First line is determined by candles at bottom and confirmed by next significant low.The following line is a "suspension bridge" a very powerfull formation.The third line is a "lever" which does the confirmation.The fourth magenta line is another confirmation.
This analysis brought me 74 pips in traders contest as per today.
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Confluence of trendlines ,the Archer method.

Here comes my first blogpost.Wish me luck!-Thank you!
I am not able to allocate much of my time to Forex.I am "trading" demos and I do that more or less activelly since 2009. I find it fascinating how one is able to feel the pulse beating in the arteries of the whole World by only looking at a graph!I have gone through all the "phases" ,indicators,holly grail searching,forums etc.
Now I may say I`m trading almost naked.No indicators,only trend lines, S/R, channels and sometimes Fibonacci and A.P…
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ceasar87 avatar
ceasar87 18 Oct.

cela semble vraiment intéressant vu toutes ces lignes concordantes. mais je ne crois pas avoir bien compris le rôle de cette méthode. un petit éclaircissement ne me causerait pas de torts. Merci

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Nonfarm Payrolls.

We are waiting for the big move after Nonfarm Payrolls.
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